Eric James Thomson Cpa Ca Email & Phone Number

Guelph, Norfolk And Haldimand Counties

 Active Management Team member of multiple Startups and SMB's - Health Sciences, Life Sciences, BioTech TRU-ID LTD. - CFO (Contract) - 2015 - Current (Guelph Ontario) Client Outlook Inc. Director of Finance (Contract) - 2014 - 2018 - Past (Waterloo Region) Mozzaz Corporation - CFO 2016 - Past (Waterloo Region) Glenbriar Technologies inc. - CFO (Contract) - 2015 - Past (Waterloo) Kontectera - CFO (Contract) - 2013 - Past (Kitchener) Source and secure financial leadership short-term contracts with small business and start-ups providing expert opinion on policies and procedures, treasury, risk management, strategic planning, budgeting and forecasting, standard costing, and inventory management. Student of The Lean Management System

Brampton On

 Uncovered opportunity to secure 30% cost savings to employee benefit program administered by Sun Life. Identified and pursued successful contract negotiation with new provider-Benecaid - focused on SME sector without compromising employees’ benefit entitlement. Saved over 66% in plan administration costs realigning company contributions with similar size companies while implementing new innovative program-Health Spending Account-providing staff with additional flexibility in benefit allocation driving employee costs down by $25,000. Restructured company’s mobile phone service contract: experiencing notable dissatisfaction in services and cost overruns. Researched/identified competitor product offerings opening negotiations with Bell Mobility, acquiring agreement to deliver one time $18,000 saving for replacement of outdated equipment, reducing service fees per device. Fortified/realigned inconsistent and outdated financial processes and practices designed by non-accounting professionals. Evaluated all financial processes devising a more robust system to tighten compliance with multiple internal standards and government regulations. Upgraded ERP system from GP 9 to GP 2010 advancing ability to deliver / extract multiple financial and business reports for management to maximize business decisions in real time. Strengthened insurance; minimized risk as the firm rapidly grew requiring a proactive approach to coverage. Located Broker with experience in high growth companies to solicit insurance firms to provide additional coverage for areas with potential risk. Elevated insurance coverage increasing E&O from $1M to $5M with moderate increase in premiums. Realigned personal guarantees attached to company’s operating line, interacting with TD Bank officials to devise / implement notable changes to eliminate negativity affecting the guarantor’s credit. Successfully negotiated removal of personal guarantees while convincing bank to increase operating maximum.

Toronto, Canada Area

 Planned and prepared complex financial statement consolidation for 3 Canadian and 1 US legal entities between 2008 and 2010 for a proposed Reverse IPO of a TSX-V listed company. Compiled large volume of supporting documentation, completed accurate, audited financial statement consolidation working with appointed external Auditors to finish demanding task on schedule. Partnered with external Accountants to complete 3 years of consolidated financial statements, aligned with TSX-V guidelines and Auditors for target company for submission to Board of Directors. Acted as prime corporate ambassador conducting delicate negotiations with representatives from preselected US-based Asset Backed Lender to secure a $750,000 USD lending ceiling at 7.5% after a US bank cancelled existing Operating Line of Credit for US operations. Influenced company’s ability to continue with the Reverse Takeover without delay. Assessed insurance risks, devising and deploying a company-wide consolidated insurance coverage including Directors and Officers.

 Source and secure financial leadership short-term contracts with small business and start-ups providing expert opinion on policies and procedures, treasury, risk management, strategic planning, budgeting and forecasting, standard costing, and inventory management.

Waterloo, Ontario

 Developed multiple and country specific processes and practices for operations in 35+ foreign legal entities to solidify compliance with many global financial and legal regulations. Drafted a list of countries where BlackBerry should consider establishing a legal entity, providing visibility to incremental administration and reporting requirements for each new entity. Formulated a sustainable process to identify legal entities, manage in-country accounting and auditing resources with reporting deadlines, fortifying compliance with numerous international regulations.

Waterloo, Ontario

 Initially hired on contract from Robert Half as a SOX Consultant later recruited full-time with a mandate to lead the time sensitive SOX project for statutory compliance. Recruited a 5-person internal team, managing a further 20-experts from KPMG partnering with BlackBerry’s external Auditors to shift the project through multiple hurdles reviewing internal processes, documenting and validating for functional controls as the company rapidly expanded. Met the challenging project timelines achieving a No Material Weakness Indentified in ICOFR status. Played a key role in defining and developing the finance function during unprecedented corporate growth requiring swift changes and adaptation to financial and accounting management.

Hamilton, Ontario

 Scrutinized, documented and reshaped the company’s limited strategic planning process to maximize forecasting and reporting. Created an MS Excel model to align with the General Ledger package optimizing validation comparisons between actual and forecasted results providing notable additional data on manufacturing costs for the 2 production facilities. Uncovered valuable production and cost data to allow for more educated product manufacturing decisions by management streamlining costs and production management, boosting the competitive edge. Reformatted and updated the accounting process, implementing a refined process flow to strengthen consistency with GAAP, data integrity and information flow, tightening accuracy on all financial records. Directed payroll using ADP for the 750-person unionized Steelworker workforce.

Mississauga, Ontario

 Acknowledged for exemplary leadership, persistence and financial management challenged to complete a demanding Divisional ERP implementation while defining a flexible and scalable finance infrastructure.  ERP implementation work recognized across the business with the ERP process later adopted by numerous other Tesma and Magna business units, latterly used as a part of the Sarbanes-Oxley S404 requirement. Reinforced all facets of the finance function sourcing, recruiting and training an invigorated team tasked with meeting stringent deadlines and mandates. Led and coached a team tasked with analyzing and reducing product costs without compromising quality. Identified $250,000 in savings through process changes to the manufacturing line achieved by reducing finished product inventory and increasing throughput. Handpicked as the only finance manager from >15 divisions to the prestigious Future Leader program attending the high profile Magna General Manager courses broadening knowledge in quality, HR, manufacturing, purchasing, sales and marketing, later shortlisted for an Assistant General Manager function. Gained a solid understanding of Six Sigma and Ford 8D through extensive training courses.

Windsor, Ontario

 Selected to lead the Venture Capital funded company’s merger & acquisition activities, pressured to achieve maximum ROI. Navigated through due diligence building a business case to secure the highest sales price and prepared the due diligence report acting as the conduit between the company, Auditors and Board of Directors. Steered the initiative to a successful sales completion per the defined schedule allowing for the funds generated to be reinvested by Venture Capital owners. Oversaw all facets of financial management, additionally controlling human resources and payroll for hourly unionized workers, insurance and risk management, IT and taxes.

Rexdale, Ontario

 Re-built finance team (staff of 4) in support of a growing Wire & Control Cable business; from $18M to $28M annual revenues Implemented reporting and month end close process improvements to improve accuracy and timeliness of financial reporting Implemented products costing model (BPCS software) to improve accuracy and timeliness of product costing information (including integration with bar code equipment)

Rexdale, Ontario

 Contributed to the identification, selection and implementation of ERP system, BPCS wiithin the Energy Products Group Managed group consolidation reporting and analysis to head office

Rexdale, Ontario

 Responsible for consolidated financial reporting of a TSE listed company with 25 entities in 5 currencies. Improved the reporting process through establishing a formal reporting schedule and package template which reduced the time required for consolidation to 6 days from 15 days. Prepared annual financial reports up to and including MD&A.Managed payroll for 300 non-union and 200 union employees in 4 provinces Led Corporate finance team of 6 staff including payroll

Ontario, Canada

 Member of Financial Management Program (FMP) - Progressed through 7 positions in 4 years within 3 NT entities (NTC, NTE, NTL). Worked in manufacturing and software divsions

Mississauga, Ontario

 Managed small teams of staff while working on small to large private and public manufacturing and service company audits / Notices to Readers. Completed files up to and including completion of tax returns Completed business and personal tax returns