Management Injection Molding

RESUME

Solomon Mathalon, CA

*** ******** ***.

Toronto, Ontario

M5P-3G7

Mobile – 416-***-****

Phone 416-***-****

Email – **********@*****.**

PROFESSIONAL EXPERIENCE:

Oct 2007 to May 2012 Olsen Fashion Canada Inc. (Better Women’s Apparel retailer - 67 locations)

(dba Olsen Europe)

Number of Employees: 375

Position: Executive VP & CFO

Reported to: President & CEO

Responsibilities:

• Management of retail & wholesale operations.

• Financial management including monthly

& quarterly financial statement review & presentation,

management of cash flows, management of bank relationships,

budget process, tax planning.

• Identify and analyze Real Estate opportunities with CEO

• Management of Logistics dept which handles all inventory flows from manufacturer to 67 retail locations.

• Manage strategic partner relationship with HBC.

• Development of US sales network to support the Wholesale business unit.

• Identify new market opportunities ie Mexico

• Risk Management

• Report directly to Group CEO & CFO in Hamburg, Germany

Accomplishments:

• Managed change in US operations through closure of non-performing retail locations and refocus on Wholesale network to support rebranding of Olsen in the US.

• Reorganized IT and outsourced all network infrastructure activities.

• Successfully opened several Free Standing Olsen retail locations in order to move company to business model that is less reliant on HBC retail locations.

• Worked closed with Pricing Consultants to re-examine pricing by category, by region and by store type. Developed cohesive plan to augment Olsen brand recognition in the Canadian market, by improving competencies in a) retail operations, b) merchandising and c) marketing.

May 2000 to Sept. 2006 Shepell FGI (Global Employment Assistance Programs)

(Subsidiary of a Public Company)

Number of Employees: 450

Position: VP Finance & CFO

Reported to: President & CEO

Member of Board of Directors and Audit Committee

Responsibilities:

• Financial management of the operating entities, including monthly

& quarterly financial statement review & presentation,

management of cash flows, management of bank relationships,

budget process, tax planning.

• Development of all pricing for existing & new business through use

of Activity Based Costing model.

• Management of Facilities and Procurement dept which maintained 55 offices located in Canada & the US.

• Managed key strategic partner relationships with insurance carriers.

Accomplishments:

• Identified and completed acquisition of regional competitor.

• Developed renewal pricing methodology with 3 major insurance benefit carriers.

• Completed purchase from the founding shareholders of 5% stake in operating entities in Nov. 2003.

• Secured bank financing in Oct 2005 for management buyout of

founding shareholders, with involvement from a publicly traded

Private Equity firm to support a $ 58 million transaction.

• Secured bank consortium financing for Sept 2006 Private Equity

transaction of $ 95 million (purchase of competitor) and re-financing

of existing debt.

• Developed & maintained significant contacts in the financial community to

secure asset based lending, term debt and mezzanine financing.

Nov. 1997 to April 2000 MTB Canada Ltd. (Footwear manufacturer and retailer, private)

Number of Employees: 275

Position: CFO

Reported to: President & CEO

Responsibilities:

• Maintaining monthly and year end financial statements.

• Managed bank and audit relationships as well as cash flows.

• Managed US retail operations.

Accomplishments:

• Maximized cash flows from US operations during period of business transition.

Nov 1988 to Nov 1997 Battat Group (Global Toy manufacturer and distributor, private)

Number of Employees: 425

Position: Financial Controller

Reported to: President & CEO

Responsibilities:

• Preparation & analysis of monthly financial statements and cash

flows for Canadian & US operating entities.

• Managed UK operations, based in Fareham, UK.

• Managed IT, HR and warehousing operation

• Managed significant asset based bank lines.

• Secured all capital financing for purchase of molding equipment and for the various phases of construction of warehouse

facilities, in the US.

Accomplishments:

• Development and maintenance of costing methodology for

manufacturing operations. (Plastic injection molding.)

• Development of credit policies and managed credit offered to existing clients (1,800 plus clients.), that yielded below industry bad debt levels.

Nov 1987 to Nov 1988 Fuller Jenks Landau, Chartered Accountants

Reported to: Audit partner

Position: Audit Supervisor

• Leading & supervising on-going activities of audit team.

• Preparation of client financial statements and corporate tax

returns and financial forecasts

Sept 1984 to Nov 1987 Richter, Chartered Accountants

Reported to: Audit partner

Position: Audit Senior

• Preparation and verification of client working paper files supporting

year end financial statements.

• Conducted reviews of client accounting systems and developed recommendations for improvement in internal controls.

• Preparation of corporate and personal tax returns.

EDUCATION:

December 1987 Graduated – Chartered Accountant

Member - Canadian Institute of Chartered Accountants

1984 to 1987 Diploma in Public Accountancy

McGill University

1981 to 1984 Bachelors of Commerce Degree

McGill University

Majors in Finance and Accounting

AFFILIATIONS & INTERESTS:

• Member of CFO committee for Retail Council of Canada

• Canadian Institute of Chartered Accountants

• Financial Executives International (FEI)

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