Michael Psotka, Cpa, Ca

Michael Psotka, Cpa, Ca Email and Phone Number

CFO, and Director of Member Services at CADA @ Canadian Automobile Dealers Association
thornhill, ontario, canada
Michael Psotka, Cpa, Ca's Location
Markham, Ontario, Canada, Canada
Michael Psotka, Cpa, Ca's Contact Details

Michael Psotka, Cpa, Ca personal email

n/a
About Michael Psotka, Cpa, Ca

Michael is a growth CFO and restructuring specialist. Having spent 10 years at PwC as a trustee in bankruptcy and Chartered Insolvency and Restructuring Professional, and now 20 years working as a CFO in private sector, Michael combines the knowledge of a growth CFO with mergers and acquisitions and corporate restructuring expertise. Most recently, with a high-tech start-up Michael raised $2.0 million in equity. He is a senior financial executive with extensive experience in business strategy, operations, financial management, business leadership and working with boards of directors, executive management, banks and attorneys. He has over 20 years of diversified expertise and success in significantly growing enterprise value in diverse industries including: SaaS, automotive - retail and wholesale, technology, real estate, utilities, manufacturing, distribution and retail.Outstanding assessment and analytical skills demonstrated by a track record of implementing successful change and improving profitability.Excellent negotiation, presentation and communication skills.Specialties and areas of expertise include:- Raising Capital- Mergers and acquisitions- SaaS- Navigating Hi-Tech start-up and growth companies- Automotive Industry (manufacturing through to retail)- Financial Analysis- Financial and strategic planning- Business process improvement- Restructuring, mergers, acquisition and sale negotiations- Business operations and administration - Financing and public offerings- Internal Controls- Auditing- Financial Modelling - Staff management and development - Treasury management- IFRS, ASPE and GAAP- Budget development and management- Qualified chartered accountant I can be reached at: michael.psotka@rogers.com or on my private cell at 416-219-4940.

Michael Psotka, Cpa, Ca's Current Company Details
Canadian Automobile Dealers Association

Canadian Automobile Dealers Association

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CFO, and Director of Member Services at CADA
thornhill, ontario, canada
Website:
cada.ca
Employees:
18
Michael Psotka, Cpa, Ca Work Experience Details
  • Canadian Automobile Dealers Association
    Cfo, And Director Of Member Services
    Canadian Automobile Dealers Association Apr 2022 - Present
    Markham, Ontario, Canada
  • Mp Consulting
    Cfo Consultant
    Mp Consulting Sep 2017 - Present
    Markham, Ontario
    Project based work ranging from months to years in consulting with medium to large size businesses to assist them with their CFO requirements. The nature of my recent assignments - finding capital, debt restructuring, and buy and sell mandates has led me to a number of shorter term assignments. I am looking to break this mold and lead a company through growth.
  • Freepoint Technologies Inc.
    Cfo, Vice President - Finance And Administration
    Freepoint Technologies Inc. Oct 2019 - Mar 2022
    London, Ontario
    FreePoint uses technology to improve machine efficiency on the shop floor. Data collection and employee engagement provide management the information necessary to allow significant process improvement. Old machines become smart machines.
  • Gesco Group Of Companies
    Interim Cfo
    Gesco Group Of Companies Jan 2019 - Oct 2019
    Toronto, Canada Area
    The Gesco Group, operating as Shnier, Tierra Sol, and Savoia Canada is the largest full-service distributor of floor coverings in Canada, selling proprietary and branded products and programs spanning all flooring categories. The Gesco Group is headquartered in northwest Toronto and operates ten warehouse, sales office and showroom facilities across Canada, plus one facility in Seattle Washington. Reporting to the CEO and the U.S. private equity owner, responsible for all finance… Show more The Gesco Group, operating as Shnier, Tierra Sol, and Savoia Canada is the largest full-service distributor of floor coverings in Canada, selling proprietary and branded products and programs spanning all flooring categories. The Gesco Group is headquartered in northwest Toronto and operates ten warehouse, sales office and showroom facilities across Canada, plus one facility in Seattle Washington. Reporting to the CEO and the U.S. private equity owner, responsible for all finance related functions, corporate governance, treasury & risk management, and strategy development & execution. Show less
  • The Pic Group
    Cfo
    The Pic Group Jul 2014 - Sep 2017
    Toronto, Ontario
    Responsible for the Financial, Treasury and Accounting requirements for PIC/TRIGO operations across Canada, The United States and Mexico. As a key member of the executive team, I bring the business and financial perspective to our growth initiatives. PIC is a Tier 1 supplier to the automotive industry. We have over 1800 employees working in Automotive assembly plants and parts manufacturers across North America. PIC does not make the parts, we make them better. PIC sells skilled labour… Show more Responsible for the Financial, Treasury and Accounting requirements for PIC/TRIGO operations across Canada, The United States and Mexico. As a key member of the executive team, I bring the business and financial perspective to our growth initiatives. PIC is a Tier 1 supplier to the automotive industry. We have over 1800 employees working in Automotive assembly plants and parts manufacturers across North America. PIC does not make the parts, we make them better. PIC sells skilled labour and we bill hours to our clients. Since 1985, The PIC Group has remained the leading provider of third party quality solutions. With an extensive geographic footprint and commitment to superior customer service, we have become the full service quality provider chosen by leading manufacturers throughout North America. Our industry reputation for excellence and professionalism makes us the primary choice of the world’s leading OEMS and their suppliers. Our focus is on providing dynamic solutions for your production and engineering issues. Our expertise encompasses a broad range of manufacturing assembly and service operations. With over 28 years of experience, we pride ourselves on being the quality partner you need to get the job done in the most efficient and economical manner. Show less
  • Dilawri Group Of Companies
    Vp Finance
    Dilawri Group Of Companies Jan 2013 - Jun 2014
    Markham, Ontario
    The Dilawri Automotive Group owns and operates over 46 dealerships representing 29 automotive brands in Ontario, Saskatchewan, Alberta and British Columbia. It is the largest dealer ownership group in Canada. Owned and operated by the Dilawri family since 1985, the company continues to expand throughout Canada, building on its history of excellence in the automotive industry.
  • Mp Consulting
    Cfo Consultant
    Mp Consulting Aug 2010 - Jan 2013
    Gta
     Assisting businesses with their CFO and VP Finance needs including: financial reporting, business restructuring, obtaining financing and project based work. Worked under contract with a major southwestern Ontario municipality to assist with the commercial aspect of Business and Service Reviews and to help them "Do Business Differently" Obtained financing for a franchisor in the automotive repair market. Assisted with the set-up and operation of a Toronto area private school… Show more  Assisting businesses with their CFO and VP Finance needs including: financial reporting, business restructuring, obtaining financing and project based work. Worked under contract with a major southwestern Ontario municipality to assist with the commercial aspect of Business and Service Reviews and to help them "Do Business Differently" Obtained financing for a franchisor in the automotive repair market. Assisted with the set-up and operation of a Toronto area private school including business planning, implementation of controls and resolution of operational issues.  Worked with numerous SME businesses to provide information and options on restructuring the business to ensure viability. Negotiated on behalf of the businesses with their secured creditors. Show less
  • Hyundai Auto Canada Corp
    Cfo, National Manager, Finance And Administration,
    Hyundai Auto Canada Corp 2004 - 2010
    This is the senior financial and administrative role in Canada for this national automobile distributor with over $3.0 billion in annual sales. The position reports directly to the President and supervised the following depts: accounting, taxation, treasury and importation, internal audit, and facilities & admin. Major accomplishments include:  Responsible for all corporate reporting and controllership functions to ensure transparent compliance with policies developed in… Show more This is the senior financial and administrative role in Canada for this national automobile distributor with over $3.0 billion in annual sales. The position reports directly to the President and supervised the following depts: accounting, taxation, treasury and importation, internal audit, and facilities & admin. Major accomplishments include:  Responsible for all corporate reporting and controllership functions to ensure transparent compliance with policies developed in conjunction with stakeholders and the Board.  Led the company in the annual budget development process and subsequent control.  Responsible for the investment plan and implementation of a 9 digit investment portfolio.  Oversaw the controller’s duties to ensure compliance with corporate policy and procedure.  Appointed by the Canadian President as a member of the Pricing, Marketing, Product Planning and Advertising Committees to provide leadership and direction with an emphasis on cost control.  Conceived and steered a strategic plan and court defence regarding international transfer pricing in partnership with the Hyundai Tax Manager to recover $5 million from the CRA. Acted as the lead negotiator to secure the groundbreaking Canada, Korea Advanced Pricing Agreement with the CRA reducing audit requirements. Influential leader during the IFRS implementation delivered in 2009, under budget, 1 year ahead of requirements.  Responsible for the start-up of the internal audit department, staffing, project selection and maintaining the momentum of the projects and final report review prior to delivery to the president.  Enhanced the Canadian President’s ability to manage the business by developing a comprehensive Monthly Information Report to track sales and costs by model and other valuable information.  Acted as the conduit between Bankers, Auditors, Financial Service Providers and other vendors providing timely information and contract renegotiation as required. Show less
  • Richmond Hill Hydro
    Cfo, Vice President Finance And Administration & Secretary Treasurer
    Richmond Hill Hydro 2000 - 2004
    Responsible for business operations and all financial and regulatory compliance matters within the Company.Major accomplishments include: 1) Refinanced the corporation subsequent to its sale, including negotiations of RHHI’s share of a $175,000,000 public bond issue and a $25,000,000 bank loan. 2) Through implementation of best practices, elevated RHHI to one of the top ten most profitable local electricity distribution companies in the province.3) Responsible… Show more Responsible for business operations and all financial and regulatory compliance matters within the Company.Major accomplishments include: 1) Refinanced the corporation subsequent to its sale, including negotiations of RHHI’s share of a $175,000,000 public bond issue and a $25,000,000 bank loan. 2) Through implementation of best practices, elevated RHHI to one of the top ten most profitable local electricity distribution companies in the province.3) Responsible for the conversion of the Company from operating as a Commission to a Company incorporated under the OBCA and operating under deregulated industry rules. Designed, wrote and implemented the first corporate governance systems for the Corporation. 4) Responsible for the supervision, planning and control of the following seven departments: Information Technology, Accounting, Purchasing, Billing and Collections, Financial Planning, Communications and Regulatory Affairs. A total of 7 direct reports and over 50 total reports.5) Developed and spearheaded the first program in York Region to shut down the marijuana grow-ops within Richmond Hill"s jurisdiction. The process was widely copied by other utilities. Show less
  • Pricewaterhousecoopers
    Vice President
    Pricewaterhousecoopers 1989 - 2000
    Selected Major Assignments:Operations - Operated as COO and CFO, on behalf of secured creditors, of a chain of drug stores, several automobile dealerships, a software developer and numerous other companies while the organizations were in receivership or bankruptcy. Planning - Drafted the first-ever Business Plan for the Ontario Casino Corporation, a multi-billion dollar Ontario Crown Corporation. This required the negotiation of middle ground for the many diverse government… Show more Selected Major Assignments:Operations - Operated as COO and CFO, on behalf of secured creditors, of a chain of drug stores, several automobile dealerships, a software developer and numerous other companies while the organizations were in receivership or bankruptcy. Planning - Drafted the first-ever Business Plan for the Ontario Casino Corporation, a multi-billion dollar Ontario Crown Corporation. This required the negotiation of middle ground for the many diverse government and corporate objectives. Leadership - Acted as Chief Financial Officer of the second largest provider of medical lab services in Ontario, while PwCI operated the Company. Responsible for the co-ordination of the PwCI staff of up to 50 individuals and over 1000 company employees. Restructuring - On behalf of a Canadian railroad, reviewed the operations and future potential of a short-line railroad that they had recently divested. Provided alternatives and workable solutions to the restructuring of the debt taken back in the original transaction. Consulting - Reviewed numerous companies on behalf of Boards of Directors and/or financial institutions. Prepared and presented reports to senior management and lenders with recommendations on operational efficiencies and restructuring alternatives. Acquisitions - Senior member of a consulting team working with the management of a high technology industry leader in conducting due diligence of an acquisition target with primary responsibility for reviewing and assessing financial and operational aspects of the target business. Show less
  • Arthur Andersen
    Senior Accountant
    Arthur Andersen Sep 1986 - 1989
    Planned assignments and led teams peaking at 10 persons on audit and IPO engagements from start to finish across a broad spectrum of industries including high tech, retail, not-for-profit, and manufacturing.

Michael Psotka, Cpa, Ca Skills

Financial Reporting Strategic Planning Business Strategy Due Diligence Accounting Restructuring Strategy Management Business Planning Finance Forecasting Negotiation Financial Analysis Corporate Finance Mergers And Acquisitions Managerial Finance Leadership Business Process Improvement Executive Management Budgets Ifrs Operations Management Management Consulting Change Management Treasury Management Ipo Start Ups Financial Modeling Process Improvement Capital Allocation Mergers Internal Controls Auditing Raising Capital Financial Planning Business Development Team Leadership Automotive Team Building Sales Internal Audit Financial Accounting Private Equity Cash Flow Financial Operations Cash Management Treasury Interpersonal Skills Financials Corporate Services

Michael Psotka, Cpa, Ca Education Details

  • Institute Of Chartered Accountants Of Ontario
    Institute Of Chartered Accountants Of Ontario
    Accounting
  • Canadian Association Of Insolvency And Restructuring Professionals
    Canadian Association Of Insolvency And Restructuring Professionals
    Cirp
  • Industry And Science Canada
    Industry And Science Canada
    Trustee In Bankruptcy
  • Neil Mcneil
    Neil Mcneil

Frequently Asked Questions about Michael Psotka, Cpa, Ca

What company does Michael Psotka, Cpa, Ca work for?

Michael Psotka, Cpa, Ca works for Canadian Automobile Dealers Association

What is Michael Psotka, Cpa, Ca's role at the current company?

Michael Psotka, Cpa, Ca's current role is CFO, and Director of Member Services at CADA.

What is Michael Psotka, Cpa, Ca's email address?

Michael Psotka, Cpa, Ca's email address is mi****@****ers.com

What is Michael Psotka, Cpa, Ca's direct phone number?

Michael Psotka, Cpa, Ca's direct phone number is +128938*****

What schools did Michael Psotka, Cpa, Ca attend?

Michael Psotka, Cpa, Ca attended Institute Of Chartered Accountants Of Ontario, Canadian Association Of Insolvency And Restructuring Professionals, Industry And Science Canada, King's University College, Neil Mcneil.

What are some of Michael Psotka, Cpa, Ca's interests?

Michael Psotka, Cpa, Ca has interest in Volleyball, Softball, Volunteering At Charitable Organizations.

What skills is Michael Psotka, Cpa, Ca known for?

Michael Psotka, Cpa, Ca has skills like Financial Reporting, Strategic Planning, Business Strategy, Due Diligence, Accounting, Restructuring, Strategy, Management, Business Planning, Finance, Forecasting, Negotiation.

Who are Michael Psotka, Cpa, Ca's colleagues?

Michael Psotka, Cpa, Ca's colleagues are Lisa Doyle-Macbain, Arielle Kohl, Dave Bare, Laurie D. Maher, Beverly Reid, Pete Hishon, Conrad Rhéaume.

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