Financial Controller

Dear Sir / Madam,

I wish to express my interest in joining your multi-talented and motivated team as Financial Controller. I like to work in a fast-paced dynamic environment with highly skilled professionals and want to become part of a people and customers focused culture. I have diverse skills and experience in the area of Cost Accounting, Financial Reporting, Budgeting, Forecasting, Cost Analysis and Inventory Control. Moreover, I am self-starter, team player; quick learner, analytic, details oriented and enjoy working in a creative team work environment. I am qualified and motivated individual who can work independently. I have more than 10 years of managerial experience in Financial Accounting and Costing in manufacturing environment.

I have requisite qualifications, experience, and capacity to work efficiently and effectively in manufacturing environment. I have successfully completed MBA (Finance), M.Com (Advance Accounting), Cost Accounting (ICWAI) degree and currently pursuing towards CPA and also upgraded my SAP (FI CONFIGURATION) skills. I have a thorough understanding of every aspect of modern businesses. The most of the reorganizations initiated here have already come to fruition, so I am eager to consider new challenges.

If you are seeking a talented individual who stays abreast of his field, who understands technology, who earns complete staff support, and who is as career-committed and very flexible as it takes to achieve total success, then please consider what I have to offer.

Thank you for your attention to these materials. I certainly look forward to exploring this further.

Very truly yours,

BHUPESH SHAH

Cell: 1-647-***-****

Bhupesh K. Shah

14 Feint Drive, AJAX, ON – L1T 0E3, Canada

Tel (Home): +1-905-***-**** Mobile: +1-647-***-**** Email: *******.******@*****.***

PROFILE:

Meticulous Financial and Management Cost Controller, with focus on the manufacturing & service industries and extensive experience with complex accounting, detail oriented, analytical and exceptional skills, with the ability to work independently and foster optimal results from team members.

EDUCATION:

IIBS: Successfully completed SAP – FI configuration in 2012

CPA Ontario: Pursuing towards 4th level

SGS Systems & Services Certification Canada Inc: Quality Management System ISO 9001: 2008 Certification

Shivaji University of Kolhapur: Successfully completed MBA with Finance in 1999

MS University of Baroda: Successfully completed M.Com with Advanced Accounting in 1996

Institute of Cost and Works Accountant of India – ICWAI (1994-1999)

PROFESSIONAL EXPERIENCE:

ALBATRANS CANADA INC., TORONTO Jan 2013 – Present

Sr. Accounting Manager /Cost Controller- Reporting to CFO (Supervised team of 4)

Solid knowledge of multi currencies including, Canadian, US and EURO, GAAP and IFRS standard 7,10, 15,16, Prepared mapping for consolidated Financial Statements as per IFRS-7, prepared monthly Income Statement, Balance Sheet for 6 branches and prepared Key Performance Indicator Analysis for Top Management

Processed biweekly Payroll, reviewed and ensured accuracy of approved timesheets, tracked and deducted all special payroll deductions, maintained employee records and ensured that employees change records correctly, Submitted Monthly and Annual Payroll tax return, GST/HST return, WSIB return and EHT return. Worked as Company Group Benefit Administrator.

Developed product costing system, used std. pricing for estimation and cost controlling, provided correct information to top management for decision making. Compiled data to determine costs of business activities, regularly updated standard Pricing and back costing for completed major jobs. Informed time to time and discusses with management about factors affecting cost and profitability

Prepared and monitored yearly Budget, Cost Analysis, Trend Analysis and Variance Analysis (Sales margin analysis with root cause). Prepared Weekly and Monthly Cash Flow and yearly Fund Flow statement. Maintained and updated fixed asset register.

Supervised Invoice preparation, Cash, Bank and Bank reconciliation Statement, Multi Currency transactions and forward (derivative) contracts, full cycle of Account Receivable and collections, Accounts Payable including matching, reconciliation and timely processing their payments, General Ledger, Journal Entries and month end process.

Recorded AR payments (EFT, C/C, Checks), resolved various cases diplomatically with customers without adversely affecting relationship with customers, processed AP including matching and booking AP Invoices, reconciliation and timely processing their payments in multiple currencies. Reconciled monthly Inter Company Balances and collect / pay amount due.

Developed and implemented financial policies and procedures

Successfully and independently handled Government audit - GST/HST, Payroll Taxes, Coordinate with HO for timely and accurate preparation of Financial Statements on annual basis for External auditor - E&Y

Achievements:

Successfully developed and implemented effective MIS for top management. Moreover, negotiated aggressively terms of payments with all approved suppliers under discount program and saved $ 50K per year. Also successfully mapped GL account for consolidating data of 6 branches and submitted consolidated balance sheet to Head Office. Independently handled currency derivative transactions and yearly earned realized gain on derivative contracts over 150K

WEBCOM INC. (Printing Manufacturing – (14 Month Contract) Nov. 2011-Dec 2012

Sr. Cost Accountant - Reporting to Director Finance (Supervised team of 3)

Prepared monthly Financial Statements, MIS Reports, KPI Analysis, Financial and cost analysis. Established procedures for an organization's product costs and provides timely and accurate unit cost information for pricing, planning and control and inventory valuation.

Ensured production data (material, labour, O.H. and outside purchases) is documented accurately and submitted to ensure timely input of costing data for each job with correct cost centre. Produced weekly and monthly reports, and other comparative analysis of costs and trends to management, Conducted job cost variance analysis, Reported comparative analysis with budgeted and historical data. analysed reasons for adverse (material & labour) Usage variance, Purchase Price Variance, Reconciled costing data with GL

Recorded the cost of newly-acquired fixed assets (both tangible and intangible), tracked existing fixed assets, recorded depreciation, and accounted for the disposition of fixed assets. Coordinated monthly physical inventories, inventory cycle count, identified slow moving and non-moving items, adjusted and updated inventories.

Done forecasting, used trend analysis and monitored Budget monthly, annually and allocation of cost among departments, Cost Control and prepared monthly Cash Flow statement

Analysed changes in product design, raw materials, manufacturing methods and continuous process improvement, cost reduction and improve profitability of the company

Successfully controlled SR&ED projects and participated in govt. Tax Incentive Program

Worked as ISO 9001:2008 Coordinator and Internal Auditor: Monitored continuous improvement in the process, reduced wastages and resolved inter-departmental issues.

Supported Invoice preparation and reconciliation, Bank transactions (including Bank Guarantee and Import / export - Letter of Credit) and Bank reconciliation Statement, Handled and Hedged currencies, full cycle of AR, Processed AR payments (EFT,C/C, Checks) in multiple currencies, AP including matching and booking AP Invoices, reconciliation and timely processing their payments in multiple currencies, GL, Journal Entries and month end process

NORTH AMERICAN DECAL, TORONTO (Printing Manufacturing) Aug. 2006 – Oct. 2011

Sr. Cost Analyst - Reporting to Operation Manager (Supervised team of 3)

Prepared monthly Income Statement, Balance Sheet and Key Performance Indicator Analysis

Compiled data to determine costs of business activities, COGS, regularly updated standard Pricing and Prepared Job order costing and back costing for completed major jobs, Developed product costing system, used unit pricing for estimation and cost controlling, provided correct information to top management for decision making.

Performed and analysed RM, WIP and Finished Goods costing, and Inventory cycle count & valuation

Prepared and monitored Budget, Cost Analysis, Trend Analysis, Analysed Standard Costing and Variance Analysis ( PPV, Labour cost, Sales margin analysis with root cause)

Cash Flow and Fund Flow statement

Supervised Invoice preparation, Cash, Bank and Bank reconciliation Statement, full cycle of Account Receivable, Accounts Payable including matching, reconciliation and timely processing their payments, General Ledger, Journal Entries and month end process, Processed AR payments (EFT,C/C, Checks), Resolved Various cases diplomatically with customers without adversely affecting relationship with customers

Successfully controlled SR&ED projects and participated in govt. Tax Incentive Program

Successfully handled GST, PST and Federal Audit

Worked as ISO 9001:2008 Coordinator and Internal Auditor: Upgraded to ISO 9001: 2008, Conducted Management Review Meeting twice a year, Developed and Monitored continuous improvement in processes and reduced wastages, resolved inter-departmental issues by timely communication and proper training

Achievements:

Successfully implemented RGM – ERP System, independently handled SR&ED projects for availing government Non-Refundable Tax Credits of more than 175 K per year. Successfully developed and implemented effective MIS for top management. Moreover, negotiated aggressively terms of payments with all approved suppliers under discount program and saved $ 50 K per year. I have also successfully worked as Quality Assurance Manager to control quality. Also controlled, supervised and closely monitored purchasing department.

FAIR DEAL FINANCIAL SERVICES, INDIA (Consulting Firm) April 1998 – Feb.2006

Project Finance Consultant - Reporting to Project Manager

Actively associated with Chemical companies, Construction Companies (Progressive Project services), Manufacturing companies and Finance companies as a Financial and Accounting consultant

Handled Cash, Bank, Prepared Cash register and Bank reconciliation statement

Managed Invoicing, Account Receivable, Accounts Payable, General Ledger, Journal Entries

Prepared debtors aging, analysed fixed expenses and reports on any abnormal direct or indirect expenses

Finalized Income Statement, Balance sheet on monthly basis

Estimated budget and budgetary control system, cost control and process improvement

Analysed project cost, revenue and margin variance analysis report

Implemented monthly cash flow statement and planned future financial results

Maintained and tracked overheads, material cost, labour cost and other cost for each project.

Managed, coordinated and administered contracts and verified the accuracy of all cost to project budget

Costed for new projects and transferred cost from AP to costing module

Review monthly WIP and conducted monthly WIP review meetings with Project Managers to ensure timely billing.

Reported unbilled project completion with accurate supporting documents

Achievements:

Extensive Cost control experience in progressive project services, successfully handled and controlled 5 Projects and closely worked with Project Managers

AIR COMMAND LTD, INDIA (Mitsubishi Group mfg. co) Sept 1994 – April 1998

Cost Accountant - Reporting to VP Finance

Prepared Cost Sheet, Bill of Material and developed Variance (Sales, Labour cost, Expense) Analysis report.

Identified accurate inventory figures through reconciliation of physical inventory and financial records

Generated labour analysis and productivity reports

Managed Accounts Receivables, Accounts Payable, General Ledger, Journal Entries

Calculated monthly income statement, balance sheet and KPI analysis

Monitored the progress of accounting including costs, billing and reporting

Verified billings against budget and actively involved with production to resolve issues

Perform periodic review of revenue recognition, obtained accrual

Forecasting and budgetary control system, cost control and process improvement.

Implemented monthly cash flow statement and planned future financial results.

Prepared and submitted Monthly, Quarterly, and Yearly MIS reports to top management

Achievements:

Developed and introduced financial reporting software in Excel for preparation of project reports and viability study report for banks

BIL METAL WORKS LTD, INDIA (Auto parts Manufacturing Co) Aug. 1989 – Sept. 1994

Jr. Accountant – Reporting to Finance Manager

Prepared Cost sheet for different jobs, Pricing and process Improvement

Done Variance Analysis and actively participated in budgetary control exercise

Managed Accounts Receivables, Accounts Payables, Journal Entries

Compiled Bank Statement and Prepared Bank Reconciliation Statement

Scrutinized Debtors and Creditors Statement and prepared aging report

Finalized Income Statement and Consolidated Balance sheet

Prepared monthly cash flow statements, fund flow and other MIS

REFERENCES: Available upon request

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