Management Sales
Resume:
SAM CHAKRAVARTY
OAKVILLE L6M5H3
CELL: 647-***-****
EMAIL: *********@*****.***
PROFILE
A highly motivated finance professional with an outstanding track record for ethical leadersh ip and team
building in manufacturing organizations. A key management team member known for adding value in
financial systems and controls, financial analysis and reporting, cash flow management, process
improvements and operations support. Experienced in complex financial accounting and management
reporting including consolidations and standard costing.
EDUCATION
CHARTERED ACCOUNTANT ACA, 1993
BACHELOR OF COMMERCE (HONOURS), 1989
PROFESSIONAL EXPERIENCE
Décor-Rest Furniture co ltd.
Position: Group Controller – Oct 2011 to date
Family owned $40 Million dollar seating and Upholstery Company. Managed 4 group companies
within.
SACHI FINE INTERIORS (TORONTO, ON)
POSITION: VP FINANCE & ADMIN. – AUGUST 2008 – APRIL 2011
An Engineering and Custom millwork manufacturing company catering to the Hospitality industry in North
America.
NEFF KITCHEN (BRAMPTON, ON)
POSITION: CONTROLLER – AUGUST 2005 – AUGUST 2008
A high- end Customs Kitchen manufacturer-supplying kitchens to homes across North America, Europe
and Asia. $ 35 Million Company with Dealer networks across all major cities.
CENTRAC CO (MISSISSAUGA, ON)
POSITION: CONTROLLER – SEPTEMBER 2001 – AUGUST 2005
Custom Case Goods manufacturer, catering to the North American hospitality industry with around $ 30
Million annual sales.
LEADER FURNITURE & JOINERY CO. LTD. (DUBAI, UAE)
POSITION: CHIEF ACCOUNTANT – M ARC H 1997 – JUNE 2001
The biggest Architectural Millwork and Joinery Company, in the Middle East.
ARTICLED STUDENT – PRICEWATERHOUSE
SOFTWARE SKILLS
FINANCIAL – ERP -Dynamics AX,GREAT PLAINS ACCOUNTING, QUICK BOOKS, SIMPLY
ACCOUNTING.
TIME AND BILLING – EASY TIME AND BIG TIME
MS OFFICE- EXCEL /WORD.
ACHIEVEMENTS AND HIGHLIGHTS
FINANCE & ACCOUNTING.
Established correct revenue recognition concepts in both Sales and Cost of goods sold with Cost
concepts further broken down to Product costing details.
Strong Costing and manufacturing background. Created and developed Product costing based on ABC
analysis with particular emphasis on Activity and perpetual cost concepts.
Created Annual Corporate Budgets and Forecasting analysis. Tying up actual performance to Budgeted
numbers with Variance analysis. In the process was able to create potential savings of approx. 6% on
Costs.
Established Capital Budgeting decision-making procedure, instead of ad hoc buying of machinery and
other heavy equipments. Make or Buy decisions using Capital Budgeting tools like IRR and ROI and
Sensitivity analysis. Results – Saved considerable amount of dollars from being spent on long-term
capital investments to flow back to ownership.
Implemented Company wide Bonus structure for a 225 employee manufacturing company.
Implemented Payroll Outsourcing to ADP Canada requiring capture of time and attendance system.
Achieved nearly 15% savings on Various Overhead items like Annual insurance premiums by
renegotiating Insurance costs, Tooling costs, Consumables and other Plant related expenses.
Reduced Month End Close and Reporting to Parent Group from 12 days to 6 days within 3 months.
Introduced Management and financial reporting, Including KPI’S and Analysis of results to Parent.
Implemented sound Accounting (GAAP) and Internal Control Procedures to achieve better financial
control, Including ADP payroll, fixed asset accounting, monthly financial reporting package, as well as
designed Excel based templates for expense claims, banking, and general accounting to ensure accuracy
and efficiency.
Liaised with External auditors both for internal control audit and financial year - end audit.
Managed Financial, administrative, HR and Purchase functions of the company overseeing skill and
training of up to 7 staff members.
Ensured compliance with bank covenants and quarterly bank reporting requirements, co -ordinated
treasury functions including cash forecasts and daily cash management, and supervised receivables and
payables
Preparation of Income tax returns and filing of statutory and regulatory reports.
Negotiated bank financing including $12 million operating line and $2 million capital equipment financing.
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Led the due diligence and participated on the negotiating team for key acquisitions, including a proposed
50 million acquisition of an integrated kitchen manufacturing company.
PROCUREMENT AND VENDOR DEVELOPMENT
Led the development and continuous enhancement of the industry leading procurement program which
allowed the processing plants to operate at full capacity and reduced overall earnings volatility.
Introduced proper internal controls and procedures for purchasing staff of 4.
Managed entire Purchases and vendor management of the Company. Saved Company around 3 % in
direct material costs, by product substitution, New Vendor sourcing and Price Negotiation.
HR AND ADMINISTRATION
Developed wage grid and employee Pay Structures in line with unionized environment to avoid Union
entry into Company.
Handled Union and negotiated collective agreements.
Expert knowledge and experience with WSIB / OHSA and layoff strategies.
Developed National Web based project management module with direct linkages to our North American
Clients for real-Time management of all projects.
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