Financial Controller
Toronto
Responsible for creating and monitoring all finance activities; develop and maintain accounting policies and procedures; prepare financial reports for all units, programs, projects, and regulatory bodies (e.g. CRA, HST, WSIB, EHT, IRS, State Franchise Tax for US subsidiary.Oversee all entities’ (Canadian, US, UK, Singapore and Europe franchisees) accounting related matters, including chart of accounts, banking, AP, AR, GL, payroll, inventory, loan accounting, interest allocations; in charge month and year end close process; prepare consolidation and elimination entries, complete consolidated financial reports and tax planning with tax accountant. Participate in the strategic planning process, prepare budget and forecasts, monthly detailed variance analysis actual vs forecast, recommend corrective action where required.Manage internal control system, recommend areas for improvement both financial and operational, develop and establish new policies and procedures.Key management team member responsible for implementing new time and cost system for recording consultant’s time to specific projects and monthly variance analysis of actual and budgeted time. Prepare Fixed assets schedule showing addition and transfer/sale, calculate amortization for the period/yearManaged 5 years of clean audits with 50% reduction in company review fees.Calculated EBITDA and other analysis for normalization of profit for last 5 years during due diligence process, interact with buyer representative to supply requested detailsCalculate contractual bonuses for partners and senior consultants on quarterly basis, and review monthly franchise fees for Singapore, Europe and UK Franchisees.Negotiated and executed new contracts, with service providers, suppliers and customers