DUNCAN W. TORRANCE, CPA CA CGMA

**** * ********* **. *******, AZ 85298

720-***-****

adcg64@r.postjobfree.com

CORPORATE ACCOUNTING AND FINANCE PROFESSIONAL

Experienced in development and management of comprehensive corporate accounting. Fiscal administrator, CFO in international company environments. Well-developed leadership, analytical, organizational, management and team building skills. Expertise at sizing up situations, analyzing facts, regulatory compliance and developing alternative courses to increase profitability and productivity. US and South African citizenship.

Areas of Expertise:

Financial Management Analysis

US GAAP and IFRS

Public Accounting

SAP and JD Edwards ERP

Hyperion, Excel and Word

Training and Mentoring Staff

Budget Preparation

Monthly Closing Procedures

Acquisition Due Diligence

Strategic Planning

PROFESSIONAL HIGHLIGHTS

FRESH PRODUCE, Boulder, Colorado (Manufacturer of leading women's lifestyle clothing)

CFO (January 2019- Present)

Strategic business partner to executive leadership team.

Pivotal decision maker relating to strategic initiatives and operational models.

Develop and utilize forward-looking, predictive modelling for business planning.

Supervise the activities of all accounting/financial personnel.

Preparation and analysis of monthly, quarterly and annual financial reports.

Establish, implement and monitor financial and accounting strategies.

Responsible for all budgeting and forecasting.

Monitor risk management policies and procedures.

All corporate compliance including all audits.

TAKRAF USA, Denver, Colorado (Engineering for Material Handling and Mining)

CFO (January 2017- October 2018)

Mentor and develop team: work allocations, performance management, training and issue resolution.

Contract management: work with inside counsel to draft, review, make contract recommendations and ensure compliance with contract terms

Ensure accurate IFRS financial reporting

Ensure maintenance of proper internal control and financial processes.

Participate in key decisions related to strategic initiatives, execution of the company goals.

Enhance and implement financial, HR, accounting and IT systems, processes and tools to support the control environment.

Manage the company's insurance programs.

Oversee the long-term budget preparation.

Develop and analyze studies of general economic, business and financial conditions, and the impact on the company's policies and procedures.

Cost management in line with the company's strategic plan.

Co-ordinate all taxation issues (domestic and international).

PEARL IZUMI, Louisville, Colorado (Cycling Apparel and Footwear)

Controller (2008-2017)

Submitted all monthly financial information in compliance with US GAAP to holding company, Shimano American Corporation, subsidiary of Shimano Japan. Main contact for all statutory and financial audits.

Ensured adherence with JSOX (Japanese SOX).

Team member in the ERP transition project during acquisition by Shimano.

Reviewed departmental reports; current activity versus budget and updates forecasts. Proactively involved with all departments to optimize efficiencies.

Responsible for all financial aspects for Pearl Izumi domestic, international distributor, internet and all retail store operations.

Mentored finance team relating to career development and educational requirements through regular one-on-one meetings. Manages five direct reports (General Accounting, Costing & Accounts Payable).

Supported special projects including the Custom Sublimation project.

Member of the Investment Committee overseeing the company 401(k) plan.

Key Accomplishments:

Key liaison during ownership transfer from Nautilus to Shimano.

Adhere to more stringent reporting requirements under Shimano ownership.

Performed reviews and put procedures into place to be compliant with JSOX.

Accounting Manager (2003- 2008)

Preparation of comprehensive financial administration including cost accounting, general ledger, accounts payable, financial position forecasts, financial statement preparation and reports required by regulatory agencies.

Managed the accounting for the European Business Unit, initially Pearl Izumi BV (Netherlands), and then coordinated with the European accounting team for the reporting of Pearl Izumi GmbH (Germany).

Hired, trained, supervised and evaluated a staff of five; General Accounting, Costing & Accounts Payable.

Prepared financial statements, business activity reports, forecasts and SEC required reports.

Assisted in preparation of annual budgets.

Key Accomplishments:

Interacted with external auditors and assisted with SOX compliance during acquisition of Pearl Izumi by Nautilus. Subsequently, Pearl Izumi acquired by Shimano.

Streamlined European operation consolidation in compliance with US GAAP

SAMSONITE, Denver, Colorado (Luggage Manufacturer)

Manager of Corporate Accounting (2001-2003)

Directed general accounting activities including month-end closing procedures utilizing JD Edwards software; and international consolidation of all Samsonite foreign subsidiaries using Hyperion.

Manager of Internal Audit (1998-2001)

Performed internal audits and special projects related to specific risks, systems, general accounting and manufacturing operations.

Coordinated/assisted external auditors with corporate benefit plan and annual audit engagements

Ensured accuracy of SEC corporate reporting and performed licensee audits. Assisted with information requirements for quarterly 10Q and annual 10K SEC filings.

Key Accomplishment:

Saved $200,000 during completion of licensee audits for Samsonite.

AM&G (RSM McGladrey), Chicago, Illinois (US Accounting Firm)

Audit Manager (1997-1998)

Senior Accountant (1994-1997)

Completed auditing of financial statements, tax returns and management reports of various manufacturing companies and not for profit organization clients.

Hired, trained, mentored, supervised and evaluated staff.

Completed financial statements, tax returns and management reports.

Key Accomplishments:

Hired as Senior Accountant; promoted to Audit manager within three years.

Received accolades from numerous clients for high level of accuracy and efficiency.

DELOITTE, Johannesburg, South Africa (Global Accounting Firm)

Senior Accountant (1990-1993)

Performed risk-based audits and accounting services for mining, manufacturing firms and not for profits.

Completed financial statements and management reports.

EDUCATION

University of Colorado at Denver (Business School), Denver, Colorado

Master of Science in Finance and Risk Management, estimated completion 2019

University of Oxford (Said Business School), Oxford, United Kingdom

Postgraduate Diploma in Financial Strategy, (Distinction), 2013

University of the Witwatersrand, Johannesburg, South Africa

Bachelor of Accountancy, 1990

Bachelor of Commerce, 1987

CERTIFICATIONS

Certified Public Accountant - CPA (Colorado)

Chartered Accountant – CA (South Africa)

CGMA (Chartered Global Management Accountant)

ACCA DipIFR (Diploma in International Financial Reporting)

PROFESSIONAL AFFILIATIONS

AICPA

Colorado Society of Certified Public Accountants

South African Institute of Chartered Accountants (SAICA)

CGMA (Chartered Global Management Accountant)

Association of Chartered Accountants in the United States (ACAUS)

St Hugh’s College, Oxford (Associated Senior Member)

COMMUNITY ACTIVITIES

University of Colorado, Denver, Accounting Advisory Board member

Treasurer, Rock Creek, Superior Colorado, Homeowners Association

Volunteer at Impact360 (Coaching squash to underserved children)

Previous Director for the North East Denver Credit Union

Interfaith Hospitality Services, Volunteer

Tutored disadvantaged students in accounting basics

Tutored refugees in the US in English language skills, Colorado Refugee ESL Program

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