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Financial Reporting M A

Location:
Beaconsfield, QC, Canada
Posted:
March 09, 2024

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Resume:

Ross Gerrard Corcoran, MBA

ad3749@r.postjobfree.com

*** ****** ****

Beaconsfield, Quebec, CA, H9W 2W5 Mobile: 514-***-**** SENIOR FINANCIAL LEADER

• Bright, bold, fluently bilingual, savvy, agile and accomplished chief financial officer (public & private co’s) Self-confident, entrepreneurial and mobile CFO with excellent leadership and relationship-building abilities as well as playing an active role across management team. Extensive experience executing complex transactions, IFRS, M&A, financing, cash management, and projects in the international and domestic markets. Highly successful at driving share price appreciation, delivering results, promoting integrity, reliability, quality, efficiency, maintaining strategic alignment, demonstrating adaptability and leading courageously as well as effectively influencing internal and external stakeholders. Robust communicator and team-builder with strong organizational, analytical, computer and presentation skills. Hard skills & expertise

Financial reporting Cash flow Corporate finance

Accounting Budgets Strategic planning

IFRS - GAAP Cash management Restructuring

Sarbanes Oxley – Bill 98 Due diligence Team building Mergers & acquisitions Internal controls Investor relations Professional experience covering many sectors including manufacturing, mining, technology, retail and utilities. PROFESSIONAL EXPERIENCE

8372683 CANADA INC o/a Silver Paw 2020 to 2023

Silver Paw’s mission is to offer pets unique and innovative designs in apparel, accessories and treats. Silver Paw is dedicated to bringing fashionable, innovative patented technology and design to help protect pets. Silver Paw™ pet products are 100% pet safe and SilverShield® patented technology is EPA and PMRA registered.

Senior Vice President & CFO

Reporting directly to CEO and founding partners, serving as financial quarterback and key member of the executive team, participating in all aspects of the business. Play critical role in planning, developing, directing and controlling the accounting, financial, reporting and budgeting functions of the Corporation.

Negotiated Seven figure, five year BCAP loan to fund business development and expansion.

Negotiated Seven figure renewable EDC Trade Recovery loan to fund growth, business development and expansion.

Completed CERB, CEWS, CDAP Digital Adoption and PEX (2020-2022) transactions grants to fund operating costs, staffing, electronic commerce, trade missions and software development.

Enhanced reporting from batch accounting to real-time accounting reducing time to produce monthly financial statements to less than 6 days.

Pleaded and defended tariff cases before Federal Court of Canada winning outcome with CBSA valued at low/mid-six figures.

ARGEX TITANIUM INC 2016 to 2017

Argex Titanium Inc (TSX / RGX) Argex Titanium Inc. has developed an advanced chemical process for the production of high-grade titanium dioxide for use in paint, plastics, coatings, cosmetics, food, pharmaceutical and other TiO2 applications. Argex is focused on becoming a near-term producer of high-value specialty chemicals. CFO

Senior financial officer of public company reporting directly to C.E.O. and responsible for compliance with Audit Committee Charter. Play a critical role in planning, developing, directing and controlling the accounting, financial, reporting and budgeting functions of the Corporation. Responsible for all public documents MD&A, AIF & Circular.

Work closely with the Board of Directors to oversee financial reporting process, internal controls over financial reporting, audit process, risks as well as the company’s processes for monitoring and compliance with securities laws. Ross Corcoran Page 2

BANTAM RESTAURANT GROUP LLC 2014 to 2016

Bantam Restaurant Group (BRG) has established a footprint for itself in Eastern Canada by opening 13 FIVE GUYS Burgers and Fries locations. BRG has built a scalable infrastructure, team, systems and established necessary corporate governance to build and operate a growing multi-unit chain of restaurants. BRG established the corporate structure and staff to leverage the FIVE GUYS brand. BRG is the area developer and master franchise holder within franchise territory geographically east of Toronto to the east coast of Canada and subject to ongoing development discussions with our Franchisor Fives Guys Burgers and Fries. Annual revenues of $16 M. Vice President Finance, Administration & CFO

Established store cash handling processes, stabilized cash flow through shareholder, bank and cash flow contributions. Put in place daily cash reconciliation using 20% of the time originally taken to establish daily consolidated position.

Built weekly payroll graph and tabular analysis to benchmark restaurant performance versus peer group and consolidated payroll savings of $230 K PA. Renegotiated payroll service reducing weekly processing time by 50% to

< 1 day and streamlining accounting and disbursement cash handling.

Built financial tools to analyze cost of goods sold with tabular and graphical analysis to show restaurant performance versus peer group and consolidated GOGS savings of $126 K PA.

Renegotiated group insurance plan reducing life, A.D. & D., dependent life and health insurance between 12% and 14%. Limited dental insurance increase to 2% for an overall reduction in monthly premiums of 7%.

Completed tax analysis to fully reorganize corporate structure, consolidating entities, optimizing LCF, benefiting shareholders and enhancing operational efficiency. Completed full audit and reconciliation of accounts.

Presented first five-year financial, business and development plan to Board of Directors. GLOBAL RAILWAY INDUSTRIES LTD / CAD RAILWAY INDUSTRIES LTD 2009 to 2013 Global Railway Industries (TSX / NEX: GBI/GBI.H) is the holding company of CAD Railway Industries, a locomotive and railcar repair and remanufacturing shop providing the transportation and marine industries with leading edge services of repairing, refurbishing and upgrading of all categories of diesel engines, freight cars, tank cars, locomotives and passenger rail cars and employing 290. Certified by the Association of American Railroads (AAR) for the building of new railway cars. Annual revenues of $80 M. Vice President Finance & CFO

Senior financial officer of public company reporting directly to C.E.O. and responsible for compliance with Audit Committee Charter. Play a critical role in planning, developing, directing and controlling the accounting, financial, reporting and budgeting functions of the Corporation. Responsible for all public documents MD&A, AIF & Circular.

Work closely with the Board of Directors to oversee financial reporting process, internal controls over financial reporting, audit process, risks as well as the company’s processes for monitoring and compliance with securities laws.

Overall responsibility for financial reporting (GAAP / IFRS / ASPE), financial planning/analysis, liquidity management, financial controls and corporate development. Manage a team of ten direct reports. Accomplishments

Structured and placed a US$67 million, 13-year non-recourse client financing backed by EDC and CCC.

Reorganized finance and treasury functions to increase skill sets, reporting, rigor, cash flow reducing costs by $386 K

(38%) over two years, public company reporting time 56% to 20 days from 45 days and YE audited F/S in 77 days.

Enhanced monthly financial and operations reporting to develop key performance criteria and trend analysis.

Developed monitoring tools to increase major contract billing and negotiated with major partner to increase cash flow from operations by more the $2 million.

Renegotiated company group insurance program reducing total annual insurance cost by 19% ($122 K).

Renegotiated natural gas contract and hedged gas purchases saving 20% of 2010-2011 heating costs ($110 K). Ross Corcoran Page 3

DATAMARK SYSTEMS INC. / KOMUNIK CORPORATION INC (“Komunik”) 2009 Datamark Systems / Komunik (TSX: KOM) / is a national business document manufacturer offering clients a single source for the design, production and distribution of business forms, commercial printing as well as labels and tags. Founded in 1974 in Montreal, the Company is a leader in print and relationship marketing activities employing more than 500 people in six production facilities, seven distribution centers, 20 sales offices in Canada and the United States. Annual revenues of $100 M. Consulting mandate

Reporting directly to C.O.O. prepared the public statutory filings including quarterly financial statements, MD&A, SEDAR filings and press releases.

Complemented privatization of this public company including due diligence and assets valuations for accounts receivable, inventory and prepaid accounts. Established new AP reporting system to efficiently manage supplier payouts under Companies’ Creditors Arrangement Act (CCAA) status. MY VIRTUAL MODEL INC (“MVM”) 2005 - 2008

MVM is a privately held Company with a leading technology setting the global standard for online apparel visual search, shopping and enabling major global retailers to market visually enabled 2D/3D clothing and appliances via the Internet (B2B2C). Additionally, the technology accelerates the conception, design and manufacture of products (B2B). The Company employed 100 full-time. Vice President Finance. CFO & Corporate Secretary

Reporting directly to C.E.O. and working closely with the founders and the executive team played critical role in managing assets, controlling costs and growing the business. Overall responsibility for financial reporting (GAAP), IPO, financial planning/analysis, liquidity management, financial controls, human resources, contracts, insurance, intellectual property, real-estate and corporate development. Manage a team of three direct reports. Accomplishments

Within the first 100 days stabilised cash flow, revised operating budget, produced financial statements, enhanced controls and updated business plan.

Negotiated the Company’s first million dollar bank financings to stabilise cash flow & optimise financial planning.

Increased monthly cash flow from operations by more than 50%, amending invoicing procedures and reducing collection period from over 114 days (4/06) to less than 33 days (5/08).

Transformed CFO role by optimizing department structure (staff cuts), reporting (comprehensive), communication

(KPI), cycle times (timely) and strengthening revenue recognition procedures (SOP 97-2 & EITF 00-21).

Initiated, valued, negotiated, executed, financed and had approved M&A initiatives. HYDRO-QUÉBEC INTERNATIONAL INC. (“HQI”)/TRANSENERGIE HQ INC. (“TEHQ”) 1999 - 2004 With strategic and financial partners, HQI/TEHQ develops international markets for Hydro-Québec, investing in power generation, transmission (merchant & regulated transmission) and distribution projects primarily in developing and emerging markets. Director, Project Finance / Senior Manager, International Investments

Oversee financial activities (treasury & banking) and prepare statutory & management financial statements, project costs, budgets, cash flow, working capital, investment of funds and all business and D&O insurance.

Manage the projects/investments organizational; operational and work site responsibilities (Direct reports include site manager/engineer); drive performance indicators and reporting parameters. Accomplishments

As an expatriate, worked on various strategic and tactical mandates for the CEO & the CFO.

Optimized fiscal structure of projects, identifying tax savings with an NPV of more than AUD $7 million.

Represented HQI on Australian and Chinese JV and Executive committees identifying cost savings of more than AUD $1 million. Chaired Joint Venture meetings.

Negotiated shareholder documents and project claims with partners and contractors in China and Australia. Provided Project Finance guidance for projects in Australia, China, Peru and Turkey, as well as others, with a total value in excess of CAD $1 billion.

Chaired and was closely involved in the preparation of corporate accounting policies for international subs. Ross Corcoran Page 4

EDUCATION

Master of Business Administration (Emphasis on Finance and Accounting), McGill University, Montreal, QC, CA Bachelor of Commerce (Accounting and Finance), McGill University, Montreal, Quebec, CA OTHER AND COMMUNITY INVOLVEMENT

Judge, John Molson School of Business – MBA International Case Competition – Lead Judge Board of Director’s - Financial Executives International (FEI) grouping Montreal’s senior financial executives President - McGill MBA Society



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