Paul Lemay Email & Phone Number

Montreal, Quebec

- Preparation of first annual Budget for company following acquisition by Haggar Canada. - Responsible for analysis and reporting of monthly actual financial results and forecasts to head office. - Preparation of weekly cash flow and working capital forecasts. - Daily credit approval of customer orders. - Interaction with customers to resolve shipment and credit issues. - Renegotiated accounts receivable annual insurance policies for both Canadian and US customers.

-Responsible for the daily cash management supporting the company`s activities.-Responsible for management of the company`s asset based loan (ABL).-Prepare financial dossiers to support financing projects in order to improve the company`s liquidity position.-Responsible for the preparation of the annual budget and forecasts for the company.-Approve and ensure timely reporting of company`s activities to banking partners.-Analysis and communication of company results to our financial partners.

-Secured $10 millions of business for the next 3 years by successfully renewing several hospital contracts for one of the company’s major products despite the arrival on the market of a generic competitor-Analyzed and reviewed all aspects of Ontario’s new Bill 102 in order to identify the financial ramifications and potential opportunities for the company-Implemented a new control mechanism and review procedure to validate the quarterly payments to the government-Completed required analyses and proposed a financial structure for several products enabling the negotiations with the government in order to obtain formulary listings (negotiations still on-going)-Worked actively on the new Quebec legislation eliminating the pharmaceutical price freeze ; reviewed company’s product portfolio and recommended price increases in order to maximize sales

Laval

Director Financial Planning 2005 - 2006- Prepared the first 3 year plan for the new corporation following the acquisition of Aventis by Sanofi and presented this plan to local and global management within the established deadlines.- Completed the integration of the financial planning team while also ensuring the implementation of the new reporting requirements of the new organization.- Contributed to the attainment of the company’s financial objectives by providing continuous analytical support for both operating expenses as well for individual products sales goals.- Analysed and reviewed all products sales projections on a monthly basis, identified and proposed corrective measures to business unit directors (annual sales of approximately $1billion)- Ensured monthly review of organization operating expenses and identified potential adjustments to ensure the attainment of company’s financial objectives- Earned the President’s Award for overall contribution to the company’s results

Laval

AVENTIS PHARMA (SANOFI-AVENTIS) (Laval, Canada) 2000 - 2004Director Financial Planning - Worked actively on the divestiture of two products ($40 million agreement) in order to align the company with the global strategy of the organization regarding over the counter products- Coordinated and identified opportunities in response to a North American $17 million profit challenge ; achieved results by working closely with budget managers of all sectors across the organization- Evaluated and analyzed the feasibility of shared services project. Implemented and communicated new business model to employees- Prepared required financial analyses to negotiate a 10 year exclusive co-promotion agreement for one of the company’s major products. This product went on to become the second largest prescription product in Canada.- Earned the North American President Special Award (2003)- Automated Excel worksheets and implemented a pricing review methodology to facilitate the preparation of PMPRB (Patented Medicines Price Review Board) submissions and ensure adherence to guidelines- Supervised financial planning and cost accounting departments and the preparation of annual plans for the company - Prepared required analyses for special projects such as co-promotion agreements and product divestitures

Laval

HOECHST MARION ROUSSEL CANADA (SANOFI-AVENTIS) (Laval, Canada) 1995 - 1999Director Financial Planning and Customer Service 1997 - 1999- Supervised and analyzed the consolidation of the company’s current year projections ; prepared the long-range plan by incorporating Rhone-Poulenc’s activities in order to form the new Aventis company- Established new practices and procedures following the implementation of SAP- Identified opportunities to optimize usage of new SAP stem and shorten the month-end closing cycle in conjunction with the accounting group- Increased customer service satisfaction level by increasing the usage of automated tracking tools which allowed a faster response to customer requests.- Met major customers on a regular basis in order to review and address financial matters and agree to correctives measures when required.- Supervised and led the financial planning, customer service and credit departments.

Montreal

Cga Du Québec/Cpa, Accounting

Certificate In Accounting Sciences, Accounting