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Manager Accounting

Location:
Toronto, Ontario, Canada
Posted:
November 21, 2018

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Resume:

MEENU BABLANI, CMA, CPA (Colorado)

**** ***** **** *****, #***

Mississauga, ON, L5B 0H8

905-***-****

ac7q9h@r.postjobfree.com

PROFILE

A Professional Accountant with extensive experience working with Canadian GAAP, U.S GAAP, and IFRS in diverse industries including Distribution, Financial services, Real Estate and Manufacturing. Deadline-driven, self-motivated and dedicated to process improvement with proven investigative and communication capabilities. Key achievements:

Managed the reporting requirements, processes and procedures for capturing and maintaining accurate financial data for one of the largest Real Estate Portfolio in Canada.

Directed an entire monthly accounting cycle to include preparation of financial statements, month-end close, adjusting journal entries, variance analysis, accounts payable, receivable, and general ledger maintenance.

Saved $1M+ by tracking an internal control deficiency that resulted in payments made in error being returned to the organization.

Analyzed and identified an error in calculation of utility recovery amount from commercial tenants, which led to saving thousands of dollars for Timbercreek.

CAREER HISTORY

TIMBERCREEK COMMUNITIES Full-Time (June 2017 – Oct 2018)

Accounting Supervisor

Responsible for organizing and controlling the work in collecting, summarizing and interpreting financial data, leading to preparation of financial statements of over 150 properties, consolidated by Investment Funds or Regions.

Supported Accounting Manager in management and execution of month end close activities including journal entry process, monthly review of financial statements, ensuring reports present an accurate picture of company’s performance

Streamlined processes and performance gaps resulting in an efficient team, wrote Excel model to calculate management fee for entire portfolio resulting in reducing month end cycle by one day.

Managed finance projects such as setting up procedures for common area costs allocation between commercial tenants, cleared old balance sheet account balances, converted chart of accounts for new acquisitions

Supervised and motivated team of four accountants in monthly and daily accounting responsibilities, ensuring integrity of investor’s fund and regional reports

THE EXHIBITION PLACE Contract (Apr 2016 – Feb 2017)

Accounting Manager

Reporting to the CFO, responsible for events and tenant’s portfolio of Exhibition Place as per each contract, managing a team of 4, main liaison for ‘Parking Audit’, analyze and maintain ‘Capital Budgets’ and prepare Board reports.

Guidance to Operations through financial analysis and insight, supported CFO with analysis that assisted in negotiations with customers and Board presentations.

Tracked progress of capital projects, and maintained a reliable plan providing true picture of ten-year capital budget to be approved by the City.

Controlled customer (tenants) accounts, ensured tenants are billed as per agreement including the recoverable costs, and the payments are applied correctly. Followed up with clients on payment issues and discrepancies.

Conducted financial evaluation for business presentations, applied modeling techniques to evaluate benefits and risks and recommended the best alternative.

Prepared reports on ‘Capital budget’ and ‘Parking Audit’ for the Board, providing a clear picture of future capital expenditure and improved controls to ensure accurate recording of parking revenue.

Coordinated the ERP implementation for Payroll module as the organization moved to the new ADP version.

Reviewed Pwc audit report on Parking, coordinated and prepared management’s response to auditor’s recommendation leading to enhanced internal controls.

REVERA INC. (Wholly owned by PSPIB) Full-time (Feb 2014 – Feb 2016)

Senior analyst

Reporting to the Manager, Accounting Policy, responsible for reporting and managing Revera’s investments – Sunrise Senior Living, Gracewell and upcoming projects.

Successfully reconciled purchase price allocation journal entry that was recorded over 12 months against valuation report to ensure Sunrise investment was recorded correctly including Goodwill and minority interest.

Successful conversion and balancing of financial systems of acquired companies to produce consolidated results at Revera.

Researched, evaluated and documented accounting policies relating to different accounting topics such as ‘Definition of control’, ‘Determination of cash generating units’, ‘Consolidation basis’ that led to successful conversion of Sunrise financial statements as per IFRS.

Thorough understanding of investment relationship between different entities resulting in correct recording of equity pickup for majority and minority interest.

Reviewed and completed Deloitte checklist for difference between US GAAP and IFRS that ensured smooth conversion of Sunrise financial statements from US GAAP to IFRS.

Deconsolidated few Sunrise entities that did not meet the definition of ‘control’ per IFRS at Revera.

FIRSTSERVICE CORPORATION Mat Leave Contract (Apr 2012 – Sep 2013)

Accounting Manager

Responsible for Consolidation of more than 20 subsidiaries, understanding flow of transaction between entities, maintaining accuracy, complete documentation and managing the reporting process of $100+ million revenue portfolio of FirstService Brands, a subsidiary of FirstService Corporation (listed on U.S and CDN public stock exchange).

Balanced and consolidated financial statements of 20 different subsidiaries analyzed, uploaded each financial statement, and resolved intercompany balances and discrepancies.

Led monthly consolidation, foreign currency exchange and management reporting process including KPI’s.

Tracked financial and operational drivers of performance and integrated them into financial reporting package to understand the progress being made towards financial goals and objectives.

Led, coordinated and uploaded annual budgets for each subsidiary, prepared elimination entries and reviewed and analyzed consolidated budget.

Recorded changes in controlling interest due to acquisition or sale of shares in entities to reflect accurate equity and non-controlling interest in financial statements.

INFRASTRUCTURE ONTARIO Mat Leave Contract 2010-2011

Sr. Reporting Analyst

Reporting to the Vice-President of General Real Estate Portfolio Division, produced monthly financial reports for a $1 billion revenue real estate portfolio, managed Trial Balance, tracked flow of data through complex financial statement models, balanced and produced Statement of Operations and supporting Land Sales and Capital asset schedules.

Prepared regional and corporate financial statements using financial models, interpreting complex transactions, analyzing different business aspects including assets and projects to balance supporting schedules (sales and acquisitions, capital assets) resulting in reliable and clear financial statements.

Supervised and researched complex accounting issues including transfer of assets between different Government entities as per Canadian GAAP.

Responsible for drafting of MD&A schedules and financial statement notes. Also, performed budget analysis, produced ad-hoc reports that added value and advised operations of issues in advance.

Enhanced and maintained financial models, prepared reporting tools to summarize data meeting different decision-making needs of management.

SUNRISE SENIOR LIVING Full-time 2008–2010

Sr. Financial Analyst

Reporting to the Controller of Sunrise Senior Living’s Canadian Division, responsible for the monthly preparation of net income distribution reports of 14 Canadian properties among corporate partners (Ventas REIT and Sunrise). Prepared complex journal entries, verification and reconciliations while analyzing benchmark performance figures against company operations.

Re-engineered business processes, introduced consistency in accounting policies of over 14 properties to centralize GL maintenance. This ensured reliable and meaningful information for decision-making and development of business-wide strategies.

Managed transition to outsourced processing of utility bills by working diligently with central services team to ensure monthly accruals reflected appropriate amounts.

Analyzed and participated in monthly conference calls with U.S representatives, investigated and explained variances which resulted in timely completion of month-end close.

TOROMONT ENERGY (Caterpillar Dealers) Contract 2008

Sr. Accountant/ Controller

Reporting to the Operations Manager, responsible for preparation of financial statements of 5 plants, cost controls and monthly review with Plant Managers for decision-making purposes regarding pricing or energy production process changes.

Contributed to Toromont’s strategic direction by providing monthly summaries of operational results for each plant, allowing for more efficient resource allocation.

Monitored and controlled costs through strategic analysis of operational results and providing suggestions resulting in cost savings and better performance:

Discovered $1M invoicing error that was eventually repaid to Toromont.

Identification of significant gas expense compared to production of energy resulted in re-assessment of aging equipment and examination of more efficient equipment alternatives.

KPMG CANADA – International Public Accounting Firm Mat Leave Contract 2006–2007

GL Manager

Reporting to the Controller, maintained and ensured integrity of $1B+ revenue GL for 36 business units with more than 250 products by passing complex journal entries relating to accruals, taxes, allocation of expenses such as credit card, interest, payroll among various business units and products. Managed 3 direct reports.

Supervised, appraised performance and motivated staff by acknowledging strengths and allocating work matching their skills. Strengths-based management approach resulted in productivity, team efficiency and inspiration to contribute their best to the organization.

Worked with information technology staff in the development and standardization of accounting reports & schedules, improving efficiency and quality of information provided for strategic direction of the organization.

HARCO CO. LTD. – Distributors of ‘Maytag Laundry Equipments’ Mat Leave Contract 2005-2006

Accounting Supervisor

CIBC, EDULINX CANADA CORPORATION Full-time 1999–2004

Junior Analyst

EDUCATION

COMPUTER SKILLS

CPA (Colorado) 2012

CMA, The Society of Management Accountants Canada, 2004

Canadian Securities Course (CSC), 1999

Master of Commerce, New Delhi, India, 1994

IFRS 15 & 16 conference

Advanced Diploma in Systems Management

(C, C++, Cobol, Dbase, Lotus Notes, Unix)

Microsoft Word, Excel, PowerPoint, Peoplesoft, Hyperion, SAP, Cognos, JD Edwards, GP, Yardi

Accpac on Windows (version 5.0), Quickbooks, DBS system based on AS400



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