Dave Mcdonald, Cpa Cma Email & Phone Number

Toronto, Canada Area

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Mississauga, Ontario, Canada

• Preparation of regulatory filings and annual financial statements• Responsible for key components of month-end, quarter-end and year-end financial close process• Reconciliation of balance sheet accounts and preparation of journal entries• Contribute in quarterly reviews and annual audit • Review related party transactions and inter-company account balances and ensure timely settlement of all related party accounts• Preparation of various surveys and development of standard procedures relating to surveys • Streamline and document procedures related to preparation of regulatory filings • Enhance internal monthly reporting and analytics• Adhere to Corporate policies and industry regulations• Conduct technical accounting research assessing impact of new standards and developing action plans• Special projects and other miscellaneous duties as required

Toronto, Ontario

Managed budgets and forecasts exceeding $20M for card management production. Reviewed expenses and reported on variances to plan and forecast for several North American Retail Payments cost centres.• Prepared budget and forecasts for card management production unit of business. Reviewed projected orders of products to optimize inventory levels. • Act as finance liaison for cost centre managers to provide them with financial information.• Provided new reports for management, including information on staffing, accruals, and expense management. • Ad hoc reporting requests – analyzed expenses in detail as requested to assist in decision-making and cost containment initiatives. • Maintained quarterly attestation files verifying validity of balance sheet accounts.• Coordinated and reorganized as required Bank Organization Design cost centres and consolidation units to facilitate accurate departmental financial reporting.

Toronto, Ontario

Collaborated with Finance Manager to manage budgets and forecasts exceeding $50M. Conducted expense variance and inventory management analysis for the Toronto and Calgary sites.• Prepared budget and forecasts for key business area of organization (>$50M). Facilitated monitoring of expenses to identify areas of concern resulting in a more efficient allocation of resources in the company.• Provided training to cost centre Managers in support of the completion of their portions of budget, thereby increasing their involvement in, and commitment to, expense management.• Analyzed monthly expenses (budget vs. actual), and reported to Management on variance gaps. This resulted in cost containment initiatives where needed and resulted in lower overall general expenses. • Monitored key inventory items and reported on unusual patterns of usage, as well as forecasting future levels. Inefficient ordering patterns were identified and procedures put in place to minimize spoilage and prevent stock-outs.• Conducted one-to-one training for 10-15 members of the Management team on SAP components, including financial, materials management and HR, thereby increasing their access to information in support of goal achievement.• Provided new reports, such as detailed expense analysis, inventory spoilage, and staffing/vacancy levels; increased frequency and timeliness of existing reports to aid Managers in decision-making for expense and inventory management.

Toronto, Ontario

General accounting function focused on banking, cash management, expense analysis, and financial reporting in support of the Toronto office. Developed and maintained effective relationships with three external clients (Mortgage Protection Plan, Gerber Life and BMO Life).• Analyzed financial results (budget vs. actual), including variances, and completed key sections of financial reports for Management and Government. Completed financial report for OSFI ahead of schedule to allow for review and early submission.• Ensured accurate and error-free information available for policyholders and management by conducting bank reconciliations and preparing cash flow projections, calculating unit valuations for segregated funds, (including purchases and redemptions), and by reconciling and analyzing policy loan, dividend, and premium deposit accounts.Prior to 1996, worked in Insurance & Energy sectors, including New York Life, AIG Life and Husky Energy.

Bachelor’S Degree, Business Administration

Education record