Elaine Chan Email & Phone Number

Toronto, Canada Area

• Representing Canada for Core Finance function in the on-going SAP system upgrade and improvementManaging a team of 4-6 staff
• Act as Canadian representative in Deloitte Global Core Finance systems and procedures meetings
• Spearheading technology upgrades and innovation for finance teams, including automation of intercompany billing, settlement, and consolidation
• Lead testing initiatives and approve results for system and operational changes
• Collaborate with interdisciplinary teams, including Controllership, Accounts Payables, Capital Assets Management, Treasury, Security and Control, and Technology Teams, to test and implement system improvements
• Identify and escalate risks to senior leadership, providing actionable mitigation recommendations

Nashville, Tennessee, United States

• Leading the Consolidation Team in the Global SAP project
• Led the consolidation team for Deloitte’s Global SAP implementation project in Nashville, Tennessee
• Began as the Canadian RTR and ALM business lead before being promoted to Global Consolidation business lead upon the addition of the UK and Australia member firms
• Organized and hosted consolidation workshops for US, Canada, UK, and Australia finance team leaders
• Analyzed consolidation requirements from four member firms to integrate into a single SAP system instance
• Developed and secured approval for the global financial period-end and year-end consolidation process

Toronto, Ontario, Canada

• Managed a team of 11 staff responsible for corporate accounting, reporting and analysis of the Firm
• Centralized, standardized, and documented period-end and year-end closing procedures across Canada
• Provided strategic recommendations and proposed accounting treatments for mergers and acquisitions
• Reorganized and optimized staff responsibilities, resulting in improved team efficiency and productivity

Toronto, Canada Area

• Supervised a team of 5-6 staff responsible for accounting, internal/external reporting, audits, and regulatory compliance
• Consolidated period-end procedures for merged hospitals, ensuring standardization with new SAP system
• Automated and enhanced financial and forecast reports, incorporating variance analysis to improve decision-making

Toronto, Canada Area

• Recruited and led a team of 4 staff supporting cross-functional capital projects and capital assets of the company
• Successfully implemented SAP Project System to automate time tracking and budget control
• Resolved audit issues in one year and repatriated all fixed asset processes from an outsourcing vendor to the head office
• Hosted Investment Committee meetings with C-suite and portfolio managers to review and approve capital projects
• Completed CAPEX Planning lifecycles on schedule, delivering detailed analysis to Finance and IS teams
• Led outsourcing of project support and fixed asset operations to India, reducing labour costs by 40%

Toronto, Canada Area

• Managed an accounting team of 4 to 6 staff responsible for accounting operations, consolidation, periodic reporting and analytical review of multiple business units in North America.
• Implemented IFRS (International Financial Reporting Standards) in our monthly reporting to UK from UK GAAP.
• Successfully converted accounting system from Platinum to SAP and delivered training to users.
• Provided advice on accounting related issues for management in the UK and North America.
• Liaised with business unit contacts, effectively improving management awareness of operating issues.
• Successfully handled change management issues during staff turnovers and organizational changes.

Toronto, Canada Area

• Reviewed and validated gas margin reports by regions and strategies.
• Analyzed gas margin trend and variances with recommendations
• Prepared and analyzed gas and electricity sales accrual reports based on various margin forecasts, customer numbers and hedging reports from operation and marketing colleagues.
• Validated monthly board report, examined and explained variances in the Canadian markets.Achievements:
• Designed the Revenue Recognition Model under Gas Consumption Basis.
• Organized and implemented the month-end operation schedule for Canadian operations.

Toronto, Canada Area

• Responsible for the period-end financial reporting packages and preparation of Board presentations.
• Designed period-end closure procedures and liaised with various departments to ensure successful period-ends.
• Created various standards management and ad hoc reports to track performance of various departments along with in-depth analysis and recommendations.
• Supervised and trained general accountant in routine and period-end duties.Achievements:
• Implemented Sun Financial System, including migration of data from previous system, setup new procedures of recording and customized the user-interface.
• Restructured the capital asset handling procedures, including data to capture, documentation, integrity and internal controls.

Toronto, Canada Area

• Provided consulting services to clients regarding period-end operation, office set-up and management reporting issues, including analyzed operation results and documented recommendations.
• Successful engagements in maintaining the on-going financial functions and responsibilities vacated during the changeover of the following positions: o Controller at Catholic Cross-Culture Services o Accounting Manager.
• Implemented the CaseView financial reporting project, responsible for report template design and staff training.
• Carried out audit testing and prepared compilation files.
• Prepared corporate, trust and personal tax returns as well as other government regulatory reports.

Toronto, Canada Area

• Monitored daily financial matters of 15 retail branches in a nation-wide computer hardware retail company, including handling full set of books and trained 4 accounting clerks.
• Promoted to assistant accountant from accounting staff within one year.
• Assumed the accounting manager’s routine duties in his absence, including consolidation of financial statements, preparation of cash flow and payroll analysis for management advising team.

Hong Kong

• Conducted a wide range of general auditing operations and computed profit taxes.
• Gained experience in dealing with clients from a variety of industries, including trading, manufacturing, servicing, investment and retail department stores.