Dave SANYAL CMA; FCMA; MCOM; B.COM; P.G.D.B.A
E Mail: firstname.lastname@example.org
Well accomplished & result driven senior finance executive. Have progressive experience of over 20 years in finance, accounting, auditing, internal control, vendor management, I.T. including ERP implementation and maintenance and HR Functions of new and existing affiliates of global multi-billion Integrated Oil & Gas Company named TOTAL S.A. France in six different countries before coming to Canada. Three years in Agriculture sector in Canada quadrupling its operation. Accomplished expertise in turn arounds of companies and managing affiliates in the most adverse situations. A M&A expert with manufacturing background and implementation of IT application tools. Briefly advised a Home Décor company for a turnaround, with change management and business process reengineering. Joined telecommunication giant Bell Canada’s 100% subsidiary, Northwestel, in Whitehorse, Yukon in a challenging position.
Organising & Restructuring Corp. Finance
Implementing Policies & Procedures
Mergers & Acquisitions
Growth Strategy Development
I.T. Systems implementation (SAP & JDE)
Working capital management
Budgeting, Planning & Reporting
HR - Recruiting, Training, Compensation & Payroll
Career History - Canada
NORTHWESTEL 2019 Apr - Current
Director of Finance
A highly professional telecommunication company which is 100% subsidiary of Bell Canada and head quartered in Whitehorse, Yukon. Connects 120,000 people covering the entire Northern Region, East to West, with its 500 over employees. Looking after Finance & Accounts in SAP environment with 20 staffs and four direct Associate Directors managing $260 mil. turnover and $40 mil. Capex annually. Responsible for leading all finance, accounting, key business decision support matters and revenue assurance for the corporation and its subsidiaries. Summary of tasks are as under:
·Direct the development and implementation of financial plans, policies, procedures, controls and reporting to facilitate optimal returns on investment and profitability.
·To Lead the organization to ensure company assets are protected, risks are minimized and financial methodologies and measurement tools (policies, procedures, and programs) are in place for effective management of the business and ensuring results in line with expected business performance
·Responsible for keeping the Company abreast of IFRS developments and evolving financial developments and issues as well as developing strategies and tactics to ensure compliance with changing requirements.
·The Finance team delivers services to a variety of internal and external customers. Customer Service excellence in terms of delivering against agreed needs of Finance customers from both a quality and timeliness perspective.
·Create, manage and maintain an annual operating expense budget of approximately $3.3M and monitor net assets of approximately $425M.
·Work with Bell Treasury to ensure that treasury and cash functions of the consolidated group are optimally managed to maintain appropriate capital structures and ensure the efficient use of funds.
·Develop, coordinates and/or directs timely and accurate preparation of the capital and operating financial plans, budgets, financial models and forecasts. Monitors plans, reviews budget submissions and forecasts and assesses financial trajectory to determine actual and projected performance results and facilitates creation of timely action plans to address unexpected variances
·Ensure the safeguarding of assets via appropriate accounting controls, proper risk management processes and facilitating the implementation of internal and external audit identified risk mitigation plans.
AZ HOME TRADING LTD. - CANADA 2018 May – 2019 Mar
Chief Financial Officer (Contract)
AZ Home is a leading supplier of home décor products to independent department Stores (Dollar Stores), Key Customers (Wal-Mart, Staples, Loblaw, London Drugs, Rona etc.) and E-Commerce portals (Amazon) for over 40 years in Canada and North America. Due to some unfavourable changes (both internal and external), the company was in a sliding mode from the last two years. Currently advising the company for a complete turn round and business reengineering process which includes laying of policies and procedures, Inventory control, preparing Budgeting & Forecasting, aligning treasury management, cleaning of delinquent receivables, restructuring insurance and defining a road map for future. Grooming the existing Manager towards next generation CFO of the company.
AGROCORP HOLDING INTERNATIONAL - CANADA 2015 Nov - 2018 May
Chief Financial Officer
Agrocorp International is a wholly owned subsidiary of Agrocorp International Pte Ltd. based out of Singapore. It is one of the largest pulse trading houses in the world, trading more than 8 million metric tons of diverse agricultural commodities each year with $3 billion turnover, 30 0ffices and 8 processing facilities. The company in Canada has a turnover of 200 $ Mil. And employs 60 staff in 4 owned and around 20 3rd party plants in Saskatchewan and Alberta. Major areas of contribution are as under:
·Successfully completed three acquisitions of processing plants in 2016 for CA $14 million
·Standardised Reporting Systems and introduced various MIS Reports
·Cost Control & defined efficiency parameters, online banking, paperless transactions etc.
·Introduced Budgeting process, policies, procedures and reengineered business work flows
·Increase in Net Income from $ 670K in 2015 to $ 2.1Mil in 2016 and Budget $ 3.1 Mil in 2017
·Increased ROI - 4% in 2015 to + 12% in 2016 and Budget +10% in 2017.
·Increased Revenue from $ 150 Million in 2016 to $ 200 million in Budget 2017
·Arranged Term Loan from banks for the first time in the company for $ 22 million
·Arranging Trade finance for the first time in the company for an amount of $ 20 million
·Reduced Interest rate on Asset Leasing from the banks (From 5.05% p.a. to 3.70% p.a.)
·Completion of Transfer Pricing studies on a year on year basis
·Tight control on Capex expenses and performing SWOT analysis, IRR etc. for new investments
·Accessing various Government Grants from Saskatchewan
Career History - International
TOTAL S.A. FRANCE – Vice President Finance & Administration 1996 Apr - 2015 Oct
TOTAL S.A. is one of the top integrated oil companies in the world with market cap of $165 Billion and 98,000 employees in 147 countries. Worked as an expatriate (among 3,000 total expatriates in the group) in six countries. 20 years of association with Total with specialization in mergers and acquisitions, manufacturing plants, implementation of policies and procedures, management of entire financial matters; including general accounting, auditing, taxation, budgeting, reporting, I.T. systems, treasury, cost controls and increased ROI’s. Possessed exemplary communication and interpersonal skills to establish rapport with all levels of staff and management with core competences and achievements mentioned below. Well recognized by Head Office as M&A person and management of difficult affiliates. Was last assigned to Ethiopia after Egypt to manage the affiliate but had to fulfil residential obligation in Canada. Worked for the group in six different countries handling existing businesses, Merger & Acquisitions (Acquired Shell and Chevron), set up new plants, implementing policies and procedures, affiliates turn-around from loss making to profit making entities, setting up strong internal controls and risk management tools etc. Some noteworthy achievements in different countries are as follows:
·Took control of the company and directed the Finance team of 17 people encompassing controllership, laying of Total policies and Procedures, Business operation streamlining, Financial Planning and Reporting.
·Actively worked with the acquisition deal team of head office in Paris to reach to the final consideration of the Sale & Purchase. Potentially saved the company a few million dollars.
·Actively redefined the Budgeting procedure with 15% growth and savings of fixed costs by realigning job functions and job rotations and changing trade finance facilities.
·Mitigated Business Risks and enhanced business objectives for higher growth and profitability.
·Negotiated with Bank (HSBC) for long term loan for the lubricant blending plant to be built in Saudi Arabia. Project costs 15 million USD. Handled share Capital Increase.
·Negotiated with Banks for placing a working capital limit of 10 million USD. Affiliate was running without any limit.
·Super normal profit for Fiji affiliate with investment payback period of 4years. Paid record dividend from the affiliate. (2010 – 6 million USD)
·Reducing costs, implementing EOQ & other Inventory Control measures, Internal Controls & Audits etc. Adjudged and awarded as best affiliate amongst 57 entities in Asia Pacific region in terms of profitability.
·Resolution of Tax Issues of Shell and saving the company USD 12 Million.
·Developed in house software for data integration from network stations to head office. Introduced loyalty card and coupons with adequate security measures. (Sale of coupons increased from 30KUS$ in 2001 to 140KUS$ in 2005.)
·Responsible for the growth of Sales and Operating Income during the period of 1999 - 2000. (Sales increased from US$ 42 Mil. to US$ 48 Mil. & Operating Income from US$ 2.5 Mil. To US$ 3.2 Mil.). The subsidiary posted losses prior to 1999.
·Handled the merger between Total, Fina & Elf at Singapore in terms of Financing, Accounting, Legal, Information Systems, Due Diligence, Taxes, Commercial viabilities etc. and constantly monitored the synergies, ensuring a successful mega merger. (An experience worth discussing further in details)
·Largely involved in the company's phenomenal success and growth in operation (1,000 MT in the first year to 25,000 MT in the fifth year & 1993 operating Income of 0.25 Mil. French Franc to 14 Mil. French Franc in 1997. Throughput increased from 8.5 Mil FF to 178 Mil FF.
·Introduced Internal Audit and Computerized Accounting system in 42 depots spanning the country. Controlled 5 Regional Offices and over 350 distributors.
·Got the company accredited as an ISO 9002 certified company.
·Was selected in the final round of three best “Innovative Ideas” of the group for the year 2005 out of 1881 entries from 148 countries.
·Selected second time as one of the top Asian managers for Executive Training Program in Bangkok in Strategic Planning, conducted by HEC Management School, France.
·Bachelor of Commerce (Major in Accounting)
·Master of Commerce
·Post Graduate Diploma in Business Management
·FCMA – Institute of Cost & Management Accountant – Fellow Member, India
·CMA – Institute of Cost & Management, USA
·J.D Edwards functional training from SYSTIME of CMS Group
·Mgt. Development Program in Xavier Labour Research Institute (XLRI), India
·ISO 9002 Auditors course by Quality Management International – London
·Strategic Planning & Advanced Finance – HEC Management School, France
·Leadership Course by Solvay Brussels – Economics & Management
·Fellow Member of Cost & Management Accountants of India
·Member of FEI Canada (Finance Executives of Industries, Canada
·Member of IMA (The Association of Financial & Accountants Professionals in Business)
Past Social Commitments
·Vice President of Indian Association of Cambodia
·Chairman of Business Advisory Council in Cambodia
·Director in the Board of Reproductive & Child Health Alliance in Cambodia (RAACHA)
·Director in the Board of Disability Action Council (DAC)
·Honorary faculty in “Corporate Finance” in Preston University, USA, Cambodia Chapter.
·Honorary faculty in “Cost Accounting” for ACCA, London, Cambodia Chapter.
References available upon request