Michael Mcgowan Bsc, Acma, Cgma Email & Phone Number

Toronto, On, Ca

Toronto, Ontario, Ca

Toronto, On, Ca

Member of the Finance Leadership Team reporting to the CFO. Leader of global treasury operations function, managing a team of fifteen across six countries (Canada, Switzerland, Costa Rica, Argentina, India, Poland).•Built a world class treasury team, including the design and implementation of new processes and controls. •Provide strategic guidance, governance, resource allocation, and tactical oversight to ensure the group efficiently and effectively manages the company’s cash, banking structures, bank account services, online banking, and treasury systems. •Manage bank relationships to ensure the company is receiving a robust product offering, provision of excellent customer service and a competitive fee structure. •Manage treasury M&A due diligence and subsequent integration processes.•Responsible for the functions counterparty exposure reporting, SOX controls, treasury policies as well as the company’s temporary overdraft and credit lines.•Provide guidance on FX hedging strategies and collaborate with our banking partners on execution.•Developed the company’s short-term forecasting and advised on commercial paper ($2bn program) needs based on working capital levels.•Responsible for short-term investments ensuring safety of principal and a competitive return, while maintaining sufficient liquidity within the group.•Ensure the group is adequately funded for both operational and strategic needs by leveraging intercompany lending, transfer pricing, FX spot trades and/or borrowing.•Collaborate with various functions such as tax, legal and finance on bond offerings and share buyback programs ($2bn NCIB program) as well as strategic fund flows including capital injections/reductions, dividends and cash repatriation.•Partner with trade control and sanctions depending geopolitical and other global events where cash movements may be impacted. •Upgraded the treasury management system in 2021 to SaaS and migrated to the vendor’s SWIFT connectivity.

Toronto, On, Ca

Toronto, On, Ca

Toronto, On, Ca

Zurich, Zurich, Ch

Reporting to ZTS Chief Financial Officer:Managing the accounting & reporting for an external debt raising entity:• Manage a balance sheet of over $3 billion in debt.• Prepare & book hedge accounting entries for the entity. • Confirmed Bond, Swap, Loan, Guarantee Fees & Tax payments• Financial planning & analysis.• Liaise with Tax (USA) with respect to Tax entries on a monthly basis.• Perform the monthly close process, including consolidation for sign off by the CFO.• Modify all accounting & reporting processes prior to the introduction of SOX.• Liaise with Group Treasury (Switzerland) to coordinate yearly planning & forecast figures.• Prepare & present the yearly financial accounts to the board. • Prepare & submit U.S. Securities & Exchange filings on long term debt.

Zurich, Zurich, Ch

Reporting to ZTS Chief Financial Officer: 12 month project launched to identify & explain all causes of FX exposure, improve the reporting & effectiveness of the FX hedging process & bookings, & ensure end-to-end FX process & control design effectiveness. • Supervision of the foreign currency hedging process of Zurich Switzerland (ZHCH). • Review & challenge reinsurance, investment & treasury sub-ledger postings & processes. • Explanation of Balance Sheet FX exposure, drivers of exposure, & P&L FX volatility. • Investigate the effectiveness of hedges & the hedging process.• Develop, test & embed new processes & controls in the European Accounting Centre. • Develop tools to facilitate analysis & control of FX numbers. • Build & maintaining strong working relationships across the business. • Presentation of project findings, issues, risks & outlined next steps to the ZHCH project steering committee (Local CFO’s, Head of Investment Management, & Head of European Accounting Centre). • Track, plan & manage project progress & expectations with regular travel to Zurich Switzerland.

Cupertino, California, Us

Reporting to the Record to Report consolidations manager:• Approval of direct reports timesheets, holidays & performing the yearly performance review.• Approving Treasury Accounting journals, cashpool & investment reconciliations.• Ensuring all month end deadlines are met while constantly striving for further process improvements.• Further project exposure with Electronic Bank Statements & its integration to SAP.

Cupertino, California, Us

Reporting to the Treasury Accounting Manager. Key responsibilities included:• Substantial interaction with Treasury Operations, Accounts Payable, Payroll & all EMEA leads.• Responsible for treasury related accounting activities for the EMIEA region including:General ledger postings, balance sheet reconciliations for bank & loans, FX & Investment accounts, review all FX, cash flow & money market deals, Quantum to SAP interface.• Preparation & presentation of quarter on quarter bank movement reports to senior management.• Creation of multiple monthly journal vouchers, compliant with Sarbanes-Oxley standards, to reflect bank account / cash in transit movements.• Dealing with all ad-hoc treasury queries from a finance department of over 180 employees. • Liaising on a monthly basis with Apple Treasury department in Austin Texas with respect to FX bookings relating to Apple Sales International (A.S.I.).• Designed & delivered training on Treasury Accounting Systems & resolving ad hoc queries. • Adhering to tight month end close deadlines.• Acted as first point of contact for all SAP Security queries in the EMEA region as cover for the permanent SAP Security liaison (this was a dual role with my Treasury Accounting role 2008 - 2010).

Cupertino, California, Us

Reporting to the inter-company manager key responsibilities included:• Completion of journal postings upon presentation of appropriate back-up & approvals.• Responsibility for all inter-company recharges with respect to various divisions.• Reconciliation of inter-company balances & resolution of out-of-balance errors on a daily & monthly basis within very tight month-end deadlines.• Liaising with Apple Austin general ledger team & Asia Pac inter-company team.• Accurate reporting of inter-company templates, ageing & Apple own use accounting.• Regular suspense/prepaid account clearing & management.• Testing of inter-company accounting flows prior to new entity go live.• Continual process refinement & improvement.

Bethesda, Md, Us

Reporting to the Team Manager, key responsibilities included:• Preparation of Monthly EFT payments to the sites to cover maintenance costs.• Preparation & posting period-end journals linked to interest receivable & maintenance fees receivable.• Monthly cash reconciliations and forecasting.

Education record

Education record

Bsc Finance

Training