Accounting Management

Arvin Shiwnarine

Res: 905-***-**** Cell: 647-***-****

*****.**********@****.***

SR. ACCOUNTANT

A result-oriented professional with demonstrated experience in the Cost Accounting and Management of General Accounting Functions, within the Manufacturing, Packaging and Distribution Industries. Superior analytical skills practiced at drilling down to transaction workflow details in support of process and profit improvements. Collaborate effectively with business managers to resolve variances. Proficient with Excel, AS-400 using BPCS, JDE, Oracle, Coda, QAD, CMS, PRMS, Baan, SAP, Spreadsheet Server, Visual Mfg., Microsoft Dynamics, FRX, Cognos and Hyperion (HFM

SUMMARY OF EXPERIENCE

Seasoned accounting professional with experience in a wide range of industries, including Aerospace, Telecommunication, Food Processing, Steel Tubing and Automotive Parts Manufacturer

Proven track record with hands on experience in a full cycle accounting environment

Saving in Audit Cost by supporting external and internal audits at the operating facilities and prepared working papers, account analysis and account reconciliation for interim and year-end audit

Saved over $100K annually by reducing fixed spending 10% and variable overhead spending 19% through a variety of cost-improvement initiatives through better utilization of resources.

Increased the use of reports and quicker decision to variances and efficiencies by meeting with individual department heads to understand how they wanted to receive their budget to actual information & defined reports that met their needs.

Prepare monthly and annual government regulatory documentation as required

Prepared budget and profit-and –loss analysis for product lines, providing management with estimates of product profitability for strategic planning

Prepares and ensures the integrity of:

Preparing Monthly Operating Results

Assisted with Standard Cost Development

Assisted Plant Managers in Preparing Monthly Commentary

Performed Variance Analysis

Balance Sheet Reconciliation

Capital Expenditures Request, Creation & Reporting

Preparing Plant Annual Budgets

Preparing Month End Journal Entries

Conducting Physical Inventories

Reconciling Month End Inventories

General Accounting & Financial Reporting

Spreadsheets & Accounting Reports

PROFESSIONAL EXPERIENCE

Senior Accountant April 14- Dec 15

Kretschmar Inc. (Food Processing), ON Plant Relocated

Supervised and support the entry of daily production reports for the facility into the finance system to ensure accuracy and timely reporting

Conducted audits for the plant operation to assess effectiveness of controls, accuracy of financial records, and efficiency of operations.

Assisted the Controller & Plant Manager in providing input, analysis for the preparation of Annual Budget

Prepared detailed cost analyst on BOM’s & conducted time studies as required on new and existing products

Oversaw and reviewed monthly inventory reconciliations and related analysis i.e. ensure book to physical variances are analyzed and differences properly adjusted or accounted for

Prepared monthly and quarterly reports for senior management which highlight and explain significant variances between actual results and budgets

Performed comprehensive variance analysis and determine root-cause for each significant variance

Developed and maintained computer financial models as required for new product development

Worked with Plant Management Team to identify the causes and solutions for variances to standard/budget that resulted in increased use of reports and quicker decision maker attention to variances

Accounting Supervisor – Supply Chain Operations Feb13-April 14

Quality Meat Packers Ltd. (Food Processing), ON Contract Position

Reported on the movement of all cost, inventory accounting and management reporting of cost performance

Prepared actual cost reports on a monthly basis for material, labor and manufacturing overhead

Month end preparation, resolution of variances, inventory consolidation and reporting, inventory analysis

Closely monitored financial transactions and production reporting to ensure completeness and accuracy

Supervised and monitored the accounting staff of 6 employees

Prepared P/L for the subsidiary company and reconciliation of the intercompany sales, inventory and production

Created and set new items in the ERP system and responsible for the creation and entry of BOM’s in the system

Coordinated with invoicing and costing team in clarifying issues with sales and margin

Prepared Profit & Loss statements for the subsidiary plant and reported on yields and variances

Reconciled and prepared the inter-company journal entries to facilitate the preparation of the operation

Sr. Financial Analyst – Supply Chain Operations Nov11-Nov12

Maple Leaf Foods (Food Processing), ON Contract Position

Performed comprehensive variance analysis and determine root-cause for each significant variance

Examined standard costs against actuals to identify process inefficiencies, improvement opportunities and low profit products

Recognized for saving plant approximately $100K due to better identification of product flow that resulted in a change in accounting methodology

Trained more than 15 employees over a 12 month period in the supply chain resulting in increased of productivity

Key member of SAP implementation team for standard cost and inventory

Prepared actual cost and comparative cost reports for material, labor and manufacture overhead

Closely monitored financial transactions and production reporting to ensure completeness and accuracy

Analyzed current material and production procedures and provided recommendation on improving controls

Provided guidance and coaching to non-finance individuals to carry out their duties on SAP

Managed the monthly physical inventory count and reported on the variance adjustments required

Provided senior management with yield and labor reporting on a daily basis with explanation on variances

Tracked and analyzed costs, manufacturing variances and inventory transactions to facilitate inventory control

Operations Cost Accountant Jun 10-Oct 11

Psion Texlogix (MFG. of Mobile & Hand held Computers), ON Lay-Off due to acquisition

Analyzed Project and Product margins, investigated and commented on variances

Prepared global inventory and supply chain KPI statement for management reporting

Analyzed year-end inventory valuation and set up provision to adhere to corporate policy

Performed month end manufacturing closing including executive summary of results

Compared budget to actual analysis to monitor financial performance against budgets and forecasts

Maintained, developed and enhanced the costing system to provide accurate accounting data, including standard costs, inventory costs, product costs, manufacturing costs, warranty costs, overhead & labor costs

Supported the accounting team to ensure a timely profit and loss statement closing and preparation of reconciliations for balance sheet accounts monthly

Key contributor to the annual budget process, by working with various department heads to review historical activities, trend, and future obligations

Provided product quote on new product developments using simulated cost models

Accounting Manager Feb 09-May10

Cleveland Range - (MFG., of Restaurant Equip), ON & USA Finance Dept., Transferred to US

Accelerated the month-end closing process to 3 days by organized processes and procedures to support timely and accurate financial reports on the operation entity and capital projects.

Reviewed daily/ weekly bank report and approved weekly vendor payment

Oversee Accounts Payable operation and approval process to support production of over 100 checks weekly, authorized check signer, approved all wire transfer

Reviewed monthly operating result and commented on budget variances to departmental heads

Prepared year-end closing process, which included year-end financial statements, completion of external audit file requirements and liaised with external auditors to ensure an efficient audit process

Supervised the Accounting staff & Payroll and conducted annual performance reviews

Reconciled inter-company balances (AR and AP) and group treasury balances

Liaised with the Manufacturing and Engineering departments to maintain Bills of Materials and Routings for new and existing products, ensuring standard cost reflected accurate and up to date labor and material standards

Analyzed monthly direct labor hours, manufacturing overhead expenses and actual overhead absorption rates

Prepared the annual budget, working with departmental heads to review historical activities and trends

Cost Controller Dec 07-Nov 08

Renin Group of Companies - (MFG. of Mirror and Sliding Doors), ON Lay-off due to recession

Supervised accounting activities for Mississippi plant by assisting in preparing operating and financial statements

Prepared monthly and quarterly reports for senior management which highlighted factors affecting prices and profitability of products, explaining significant variances between actual results and budget

Developed and updated standard material cost, labor and overhead rates by cost centers for standard estimates

Supervised the coordinating of physical inventory counts and analysis of the inventory adjustments and recording

Analyzed changes in new product design, raw material and manufacturing methods to determine effects on costs

Prepared month end journal entries for the divisions to facilitate the preparation of the operating statements

Analyzed and reported cost of sales, freight and warehousing expenses at month end and during audits

International Assignment, USA

Assisted Renin Company with the transition of the accounting functions to Toronto from Charlotte, NC

Provided leadership, support and analysis to the plant controllers regarding controls, processes and reporting

Reviewed month end results with Managers in Tupelo and explained material, labor and overhead variances

Assisted in the auditing process by providing detailed schedules on Inventory Valuation, Labor Rates, and Overhead Rates Standard Cost, taxes deductions, store displays, rebates, co-ops and advertising accruals

Plant Controller Feb 06-Nov 07

ABC Air Management- (Automotive Parts Manufacturer), ON

Acted as prime interface between operations and accounting on all issues relating to cost rates, manufacturing standards, resolution of all manufacturing variances

Preparation of plant closing journal entries, financial statements and reports including forecasts, gross margin analysis, comparison of actual sales by customers vs. budget, statistical reports, and supporting schedules

Prepared monthly management reports including variance analysis and written commentary on the operations

Prepared budget, forecast, profit and loss, balance sheet, cash flow statements for management review

Reviewed standard costs through the analysis of purchase price variances, overhead and labor variances

Managed year-end audit process, prepared tax working papers for annual tax filing

Facilitated the preparation of payroll journal entries for hourly and salary employees, remittance of taxes, WSIB, Group Insurance and GST

Supervised the Accounting staff Payroll and CSR and conducted annual performance reviews

Maintained the tooling inventory schedule for OEMS’ projects to be audited at year end and billable at completion

Reduced tooling inventory by more than $2.5M

ACCO CANADA – FORTUNE CO. (Mfg., 0f Bindery Products) 3 Years

Financial Analyst/Cost Analyst Brampton, On

MAGELLAN AEROSPACE Inc., (Mfg., of Aircraft Engines) 4 Years

Financial Analyst Mississauga, On

CARA FOODS – AIRPORT SERVICE DIV., (Food Processing) 3 Years

Cost Accounting Manager Mississauga, On

WELDED TUBE OF CANADA (Mfg., of Steel Tubes) 5 Years

Financial Analyst Concord, On

BROOKFIELD RESEDIANTIAL (Home Builders) Temporarily 6 Weeks

Accountant Markham, On

ACADEMIC ACHIEVEMENTS and TRAINING

Concordia University, Montreal, Quebec

Bachelor of Commerce Degree: Major Accounting and Management

Edinburgh School of Business University, MBA Certificate in Accounting

Actively pursuing a CPA Designation at Laurentian University

SPECIAL EDUCATION

Dale Carnegie – Public Speaking – to build self-confidence, strengthen people skills

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