Greg Carkner C.A. Email & Phone Number

Toronto, Ontario, CA

• Reported to the owner and Canadian GM. Acted as local Controller and CFO for the US operations.
• Successfully negotiated a $4M line of credit and a $2M term loan for the Canadian operation.
• Responsible for analyzing and presenting the monthly results within 15 days of the month end for the Canadian and two US operations.
• Prepared the annual budget for the Canadian and US operations.
• Responsible for the preparation of year end working papers for all three operating entities, in addition to the holding companies.

A consulting firm that provides financial and operational guidance, business planning, risk assessment, and identifying strategic opportunities for growth, for its clients on a consulting basis.

Richmond Hill, ON, CA

• Reported to the Owner with a team of 6. Oversaw Financial and Operational reporting, Accounting systems (Syspro), Forecasting, Budgets, Payroll, Supply Chain Vendor and Banking Relationships.
• Stabilized cash flow of the operation within 60 days of joining the team by reviewing, assessing and implementing new financial controls and processes. Established budgeting processes and production forecasts to.
• Developed relationships with vendors and banks to re-establish company credibility to secure goods & supplies with reasonable terms thereby stabilizing production costs and forecasting
• Established benchmark profit margin targets for new business expansion opportunities to ensure sustainable growth and overall financial viability of the organization
• Created business plan and met with Asset Based Lenders (ABL’s)
• Retained as part of the interim management group to keep the operation viable by negotiating with vendors to retain relationships or seek new suppliers as needed to maintain production targets, and worked with Receiver.

• Reinstated compliance with tax authorities by automating and streamlining the accounting records into QuickBooks for 5 diverse companies, and prepared 3 years of past due working papers for submission to external.
• Coordinated the negotiation and dispersal of interests in two under-performing holdings to diversify portfolio, subsequent to having assessed viability and portfolio performance.
• Leased properties by working with outside agents and assisting with the showing of the properties.

• Reported directly to the CEO and led a team of 5. Oversaw Financial reporting (BusinessVision), Regulatory Compliance, general accounting functions, Real Estate, Board and Annual reporting (MD&A).
• Played a key role in a £5,000,000 share subscription, which included the provision of all due diligence information for the investors, and working with the lawyers on the share subscription agreement.
• Prepared business plans and 3 year financial projections for presentation to potential investors to highlight investment opportunity
• Managed compliance of FASB, GAAP and IFRS accounting protocols to ensure corporate reporting was in accordance with industry standards.
• Negotiated all new Franchisee agreements and was also responsible for negotiating with landlords in relation to new leases or terminations.

• Reported to the President/Owner. Managed Financial Reporting, AR/AP, Collections, Supplier Contracts, Job costing, External Auditors, Forecasting, Budgeting, Banking, Payroll, Benefits, Tax Filings, and Remittances.
• Refinanced the corporation’s asset base, which saw the loan increase two fold along with a decrease in the interest rate.
• Introduced new product tiered-pricing model to promote upsell of higher profit margin products to new home construction projects.
• Provided financial expertise for cross-functional business development and strategic planning projects, provided financial ramifications of business decisions.
• Re-engineered ERP implementation (RFMS) to address initial setup shortcomings to ensure accurate reporting of inventory, invoicing and billing

• Reported to the President, responsible for overseeing all financial reporting, accounting systems, and to provide in-depth financial and strategic analysis. Provided leadership and direction to a team of 5.
• Responsible for the cash management, which saw A/P reduced from in excess of 120 days to between 30 and 75 days, which significantly improved vendor relationships.
• Successfully negotiated an asset-based debt restructuring within 4 months of joining the firm resulting in additional cash inflow of $500,000 to offset the Company’s severe cash shortfall resulting from dramatic growth.
• Oversaw Supply Chain Management including direct management of major vendor relations to ensure just in time delivery of materials.
• Wrote the business plan and successfully obtained financing for a new retail venture. Selected and setup QuickBooks Pro to manage the financial information.

• Reported to the President, led a team of 8 direct reports, and 35 indirect reports.
• Improved cash flow by increasing sales deposits from 10% to 50%. Overcame initial resistance from the sales group by utilizing a time trial prior to making it a corporate policy.
• Negotiated a new $400,000 banking facility to replace an existing $250,000 facility.
• Managed the operation of the non-union manufacturing facility, customer service, scheduling, R&D, shipping, and installation of the products by independent contractors.
• Established a new production schedule to coordinate activities across various functions resulting in dramatic increase in on time production.
• Negotiated and monitored supplier contracts. Prepared and monitored annual forecast.

• Reported to the President. Led an accounting team of 10 direct reports, at two different locations. Responsibilities included Forecasting & Management Reporting, Accounting Systems, External Audit, and Lending.
• Successfully negotiated the restructuring of $8.5M in government debt. In addition, obtained an increase from $3.5M to $9M in the credit facility with a commercial lending institution.
• Facilitated the setup of various financial instruments including, Letters of Credit, Bank Guarantees, EDC Insurance, which were necessary to complete contracts in China, Korea, and Malaysia.
• Co-managed the selection and implementation of an ERP system to track inventory for the first time.
• Prepared monthly and year-end working papers, including liaison with the external auditors.

• Reported to the President. Responsible for all departments involved in pre and postproduction functions. Managed a staff of 8 direct reports and 65 indirect reports. Managed a diverse group of departments across.
• Reduced the order process timeframe from an average of two days to a half day. Worked with the service and quality control departments to identify and rectify product deficiencies.
• Led the due diligence of the corporate merger for Canac Kitchens with Kohler Co., a privately owned, billion-dollar firm. Prepared and supplied all supporting documentation for the purchase, monitored and reported.
• Directed the strategic development and implementation of new state of the art computer system, integrating CAD systems to the corporate financial systems and production.
• Corporate trouble-shooter for franchises experiencing financial and operational difficulties. Included a nine-week assignment to convert a franchise with a million-dollar deficit by establishing financial controls.

Arts, Economics

Chartered Accountant