Financial Accounting

AJAY BHATNAGAR

Contact: +1-647-***-****

E-Mail: *************@*****.***

FINANCE & BUSINESS PROFESSIONAL – with over 25 year of experience Self-motivated Finance professional with over 25 years of experience in Finance and Accounts Management & MIS Reporting (conversant with IFRS, US & Canadian GAAP) Hands on with advanced MIS systems & tools catering to Top Management information needs for decision making An enthusiastic team player with sound business acumen, who thrives in a fast-paced challenging environment Someone who would be a partner to the Management and who is "detail oriented" with a mission to transform a business to the next level and assist in rapid growth of the company NOTABLE ACCOMLISHMENTS ACROSS THE CAREER

Intertek Health Sciences Inc.

Financial Controller (Since Aug 2019)

• Overall Controllership responsibilities located in Mississauga. Areas of control being…

• Accounts Receivable: ensuring the Clients pay on time and all risks pertaining to “bad debts” are mitigated

• Accounts Payables: ensure the Company avails full credit period agreed with the Vendors & Contractors

• Cash flow & Working Capital management

• Billing: On time and in the most efficient manner, given the environment and business model incorporated

• Month end Financial closing and reporting to the Company’s Global Head Quarters in UK – ensuring all deadlines are strictly adhered to and all reports are accurately prepared

• Heading an IT project to upgrade our current “Billing System”. Working with the Vendor to understand the available options and presentation to the Management for Budget approval AV Terrace Bay Inc., Thunder Bay, ON, Canada

Financial Controller – Fiber Division (Apr 2018 till Aug 2019)

• Handling all Controllership activities - Ensuring the generation and flow of accurate and reliable information, Compliance with the Law of the land, Providing Financial Advice and consistently monitoring Financial Systems & Controls.

• Daily and Monthly Reporting on

• Wood Costs to the Mill – Forecasts, Budgets and Variance Analysis

• Weekly Delivery reports, Cost monitoring and Contract Negotiations

• Dealing with the Crown and the Forest Management Organisations

• Monthly MIS reports to the Management

• Directly reporting to the VP Fiber Division and the CFO

• Instrumental in introducing higher standards of efficiency & accuracy in reporting, value addition, speed in generating monthly MIS and overall performance output

• Project: Successfully managed an IT project – which was EDI (Electronic Data Interface) from LIMS (Forestry software) to SAP

• Currently working on AP Smart – Automatically uploading data from the Suppliers’ Invoices to the Accounts payable system

FOCUS PROFIT CANADA SPC, Bahrain

Financial Controller (Jul-2011 till Jan-2018)

• Controllership activities - Ensuring accuracy, compliance, speed and consistently monitoring MIS.

• Directly reporting to the Managing Director for Bahrain and Saudi Arabia

• Supervise a staff of 4 on day-to-day Accounting and Financial Reporting functions

• Instrumental in introducing higher standards of efficiency & accuracy in reporting, value addition, speed in generating monthly MIS and overall performance output

• Assisting in Annual Budgets and formulating Financial Projections.

• Coaching, mentoring and supervising staff members to ensure completion of audits in accordance with audit methodology; conducting reviews to ensure that audit work papers are aligned with audit requirements

• Instrumental in setting up the company’s fully functional branch in Bahrain and offering services in Bahrain and the Kingdom of Saudi Arabia

• As and when required, company offers short term Finance Controllership serves to its clients. Had an opportunity to work with some of the major clients of the company

• Sutherland Global Services Canada Inc. (Windsor, Canada from Jul-2011 till Jul-2012)

As a Controller, assisted in outsourcing their Accounts department to their back office Shared Services Centre in India

• Canadian Professional Logistics Institute (from Jul-2012 till Mar-2014)

As a Controller handled their complete Accounts till monthly Management Reports & setting up a system of monitoring budgets, forecasts and variance analysis

• Deekay Group (Lagos, Nigeria – from Jul-2014 till Dec-2015)

As a Group Financial Controller, setting up a process of consolidation of accounting information for this Group of 6 companies. Complying with the Bank’s requirements to raise funds

Restoring financial health of the company through the following initiatives:

• Taking control of all receivables, payable and assets (tangible and intangible)

• Establishing a working relationship with Bankers, Suppliers and Customers

• Negotiating settlements and restructuring financial liabilities with Bankers, Suppliers & Statutory agencies

• Pioneer Group (Bahrain – from Jan-2016 till Dec-2017)

Implemented their Financial Reporting System and streamlined Financial Business Process as a Short term Financial Controller of the company

Establishing consistent and appropriate business practices, enhancing controls for credit risks, and building staff/supplier morale at a time of financial distress; instituting controls, teamwork and liability throughout the entity

Assisted them in preparing for the implementation of VAT At ABX Logistics Canada Inc. Mississauga, Canada

Canadian Financial Controller (Jan-2007 till Jul-2011)

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• Headed Finance Department at the Canadian Corporate Office, with branches in Mississauga, Ottawa and Halifax

• Reported directly to the CFO based in USA, with a dotted line reporting to the Country Managing Director in Canada

• Supervised a staff of 4 direct and 4 invoicing clerks, reporting to the Operation Managers

• Supervised Accounting & Reporting on AS/400 ERP and implemented the optimum use of all the features of the accounting version in use

• Designed and implemented complete MIS structure to independently “report activities” to ABX Global Logistics, Headquartered in Brussels, Belgium and owned by 3i Venture Capital of UK.

• Implemented ABX Logistics’ global reporting System-Everest operating on SAP platform in Canada

• IFRS transition: Managed the complete transition of ABX Logistics Canada’s global reporting from Canadian GAAP to IFRS standards

• Spearheaded complete responsibility of the company’s cash flow management by hedging currency, external borrowings, managing AP/AR and thus maintained optimum levels of working capital At DHL EXEL Supply Chain-Olayan Group Middle East

Finance & Administration Manager (Jul-01 till Dec-06)

• Supervised a staff of 17 on day-to-day accounting and financial reporting functions

• Instrumental in introducing higher standards of efficiency & accuracy in reporting, value addition, speed in generating MIS and overall performance output

• Provided financial and business management leadership that facilitated growth of a Logistics Company from NIL to US$ 65 million in 4 years

• Major Accomplishments

• Worked on Supply Chain Management Project at DHL Supply Chain; provided financial support as a team member in winning the “ARAMCO” contract (largest oil company in the world) for warehousing and distribution solutions operating from 23 distribution centers-contract value: US $ 500 million

• Collating and streamlining (logistics) resources, thus annually saving costs of $ 5 million for Olayan Group as a whole, through a synergy of departmental efficiencies At General Trading Company - Olayan Group-Middle East Financial Controller (Dec-92 till Jul-01)

• Headed the Finance Department at the corporate office and supervised MFG/pro ERP implementation – generating weekly/monthly/annual reports – raising the overall reporting standards and “real time” monitoring, thus helping in a better decision-making process

• Supervised a department of 25 (both direct and indirect staff)

• Successfully mentored, supervised and guided a large finance group to be more efficient, productive and team oriented

(earlier the Group was totally dysfunctional and failing in delivery at all levels)

• Major Accomplishments

• Headed the acquisition and merger of AET (KRAFT Foods distributor) and Generated an amalgamated entity with an annual turnover of $500 million in retail & packaging goods company distributing for KRAFT & NESTLE products – under Olayan Group.

• Instrumental in working on the feasibility of a project to setup the first Logistics Company in Saudi Arabia and establishing Olayan Logistics Company

• Introduced “ABC Pricing Model” and implemented initiatives that saved the Olayan Group a total of USD 2.5 M on an annual basis

• Supported Olayan CFO to set up a Joint Venture with Tibbett & Britten A C A D E M I C D E T A I L S

1987 Chartered Accountant from the Institute of Chartered Accountants of India, New Delhi, India 1995 Diploma in Business Finance from the Institute of Chartered Financial Analysts of India 1995 MIS System Operations-Training Course on HP 22807D MPE-V-Hewlett-Packard 3000 Series of Computing System in 1995

2002 Appeared for CPA in Denver, Colorado

TRAINING

2005 Performance Management Workshop

2006 Corporate Actuals Reporting in CREST (for DHL) 2009 IFRS Training – Transition from GAAP to IFRS (Deloitte) TECHNICAL SKILLS

A. ERP – QuickBooks, People Soft, AS/400, HP3000 & MFG-PRO B. ERP Implementation – Controlled the Finance Team to implement MFG-PRO C. SAP (FI/CO) –Trained as Consultant & User in 2011

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