Controller/ Director of Finance/ Manager of Accounting
Resume:
DARLENE DERUCHIE, CPA, CMA
Ajax, Ontario L1S 7N6
Home: 905-***-**** • Mobile: 905-***-**** • Email: *******.********@******.***
CERTIFIED MANAGEMENT ACCOUNTANT
Versatile and skilled Certified Management Accountant with over 22 years experience in accounting, forecasting, and financial management. Extensive and progressive experience in the areas of financial reporting, financial statements, financial analysis, forecast formulation, execution, review and analysis. Highly skilled in managing financial operations, streamlining operations and implementing accounting controls. Demonstrated knowledge of and ability to implement financial systems and reporting systems resulting in enhanced operational performance and more efficient reporting to the executive team. Recognized throughout career for developing systems, processes, policies, controls and best practice procedures to streamline operations, promote teamwork and improve financial performance. Very analytical with strong problem solving skills and has the ability to see the “big picture”. A self-starter, very detail oriented with the ability to manage changing priorities.
AREAS OF EXPERTISE
• Financial and Strategic Planning
• Forecast Formulation and Execution
• Annual Corporate Tax Preparation
• Financial Reporting
• Financial Analysis
• Variance Reporting & Evaluation
• Cash Forecasting
• Microsoft Office, Oracle, Hyperion, TM1, Accpac, Micros • Accounting and Financial Operations
• Capital Planning and Operational Analysis
• Database Development and Maintenance
• Training, Development, and Team Leadership
• Internal/External Stakeholder Relations
• Problem Solving and Critical Thinking
• Client Relationship Management
• Financial System development & implementation
• Financial Report Writing
CAREER SYNOPSIS
Newstart Financial Inc, Pickering, Ontario
Chief Financial Officer (Part time) July 2013 – Present
• Project manager to obtain B Corporation certification
• Oversees all financial operations of the business
• Supervises the accounting department
• Implementation and review of policies and procedure for the organization.
• Lead the initiative to raise new financing
• Participate with the CEO in reviewing and assessing all business opportunities
• Prepare and provide investors with financial information and prepare documentation for new investments.
• Liaise with outside professionals providing services to the company
Significant Contributions:
• Obtained B Corporation Certification for the corporation. Newstart was the 83rd company in Canada to receive the certification.
• Reduced the accounting month end cycle by 5 days.
• Reorganized departmental responsibilities to achieve efficiencies
• Preparation of corporate policies and procedures manual
• Completed EMDA CFO Education Series: Regulatory Financial Reporting Certificate Program
DigitWyse Accounting, Toronto, Ontario January 2011 – July 2013
Owner
• Exercised excellent customer service skills; attracted and retained loyal clients (including a high-end restaurant in Toronto) by building reputation of integrity, knowledge and accountability.
Darlene Deruchie
CAREER SYNOPSIS (cont’d)
• Performed specialized accounting and bookkeeping duties; balanced and maintained the subsidiary and general ledger accounts. Processed information for financial statements and accounts payable.
• Reconciled general ledgers to summary accounts. Analyzed, examined and reconciled accounting transactions for accuracy and completeness. Made appropriate accounting adjustments to finalize and validate accounts.Carried out all functions involved with preparing and filing corporate tax returns.
• Resolved accounting problems; analyzed source documents for adequacy and propriety. Determined discrepancies between payments expected and payments received and resolve. Prepared variance analysis to pinpoint discrepancies.
Significant Contributions:
• Streamlined accounting processes to increase efficiency and reduce staffing cost. Altered accounting processes to expedite month end procedures; reducing the time it took from five days to three days.
• Investigated and pinpointed automated processes that could be done remotely; saving the company money and resources.
Liquor Board of Ontario, Toronto, Ontario February 2012 – February 2013
Financial Analyst – Corporate Accounting (Contract)
• Performed full range of financial operations for the company including the preparation, maintenance and presentation of financial data.
• Supported high-level management decisions by providing timely analyses and recommendations. Accurately and efficiently prepared monthly Sales & Marketing reporting as well as prepared the monthly Highlights report for Senior Management.
• Managed multiple financial and accounting projects involving financial analysis.
• Prepared monthly journal entries and account reconciliations of general ledger accounts. Researched variances and documented findings.
• Reconciled supply inventory (via Access database) to physical count and general ledger.
Significant Contributions:
• Accolades from Senior VP of Finance and Board of Directors were received for a re-designed period end Financial Highlights report.
• Designed and implemented a well-received database in Access to highlight any discrepancies on moving average cost of inventories in the warehouses and at the retail stores.
• Review of the Private Ordering division and made recommendations to correct internal control weaknesses.
Whitehall Agencies, Montreal, Quebec January 1999 – February 2010
Controller/Director of Finance
• Provided leadership, management, and direction to a staff of four in the Accounting Department as well as supervised the daily duties of the IT Manager and Inventory Control Manager. Handled all HR and Payroll duties, year end T4 tax filings, and developed employee benefits plans.
• Responsible for all aspects of the monthly and year end close of the accounting department including reviewing journal entries, preparing adjusting entries, approving account reconciliations, and preparing financial statements.
• Independently performed processing re-engineering operations and internal controls development.
• Prepared monthly financial analysis of revenues and expenses highlighting variances and proposing cost reducing measures.
• Developed, implemented and controlled cash management operations. Prepared annual budget and quarterly budget revisions. Analyzed budget patterns, projected expenditures and prepared approved budget. Justified budget requests. Managed preparation of financial statements, financial forecasting and budget analysis.
• Expertly oversaw inventory levels in the British Columbia and Alberta warehouses.
Significant Contributions:
• Designed and implemented financial software and reporting systems (Accpac and TM1).
• Skillfully established financial reporting to regional offices, suppliers and board of directors.
• Expedited payment turnaround time by implementing electronic funds transfers for expense reports, suppliers and vendor invoices.
• Reduced the month end closing process from two weeks to five days.
• Eliminated shareholder start up loan to the company.
Darlene Deruchie
EARLIER EMPLOYMENT
United Distillers Canada Inc, Montreal, Quebec
Financial Analyst July 1994 – January 1999
Financial Reporting Accountant September 1991 – July 1994
• Carried out monthly financial analysis, preparation of the monthly management report, and budget formulation and execution operations.
• Demonstrated expertise in budget execution procedures and strategies; used budget as long range planning tool. Managed the annual budget upload into general ledger and distribution systems
• Prepared and reported on the quarterly forecast (P&L and cashflow).
• Served as Supervisor of General Accounting for a three month period; July 1994 - October 1994 (maternity leave replacement).
• Developed, implemented, and oversaw all financial reports on BPCS GL.
Significant Contributions:
• Project leader for the implementation of Hyperion financial reporting software for Diageo Canada after the merger of United Distillers Canada and International Distillers & Vintners.
• Project leader for the design and implementation of financial planning software (TM1 & Hyperion) for the United Distillers Canadian head office and coordination with the North American head office.
• Played key role in the implementation of BPCS GL project team. Development of all financial reports on new system.
Reitmans Canada Inc, Montreal, Quebec
Assistant Department Head of General Accounting, 1989-1991
Intermediate Accountant, 1988-1989
EDUCATION & PROFESSIONAL DEVELOPMENT
Certified Management Accountant
The Society of Management Accountants, 1990
Bachelor of Commerce
Accountancy
Concordia University, 1987
Diplome d’études collegiales (Diploma of Collegial Studies)
Commerce Program
John Abbott College, 1983
LANGUAGES
English
French – Bilingual Certificate received 1981 – Office de la Langue Française (Quebec)
REFERENCES
Professional References available upon request
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