Financial Controller
Teledyne Dalsa Corporation (Global Manufacturing Public Co.)
Total years of experience :24 years, 4 Months
Reporting to director of finance, responsible for P&L working capital and fixed assets management of two business units, worth over $400 million of revenue. Interpreting the financial issues and utilization of the financial resources to business leaders in order to achieve their financial targets and goals
• Reviewing KPIs with business units heads and preparing commentary reports on variances for senior executives
• Preparing strategic business operational OPEX and CAPEX plan, helping budget owners in finding cost reduction and improvement opportunities
• Coordinating in preparing regulatory compliance reports like for SEC, annual tax package for corporate and SRED
• Preparing client assistance package (CAP) and audit working papers for external auditors, reviewing journal entries and a/c reconciliations
• Setting up transfer pricing between business units and assisting in monthly consolidation closing for gross margin and foreign exchange valuation in translation process
• Assisting to senior executives in reviewing major capital projects with respect to payback and internal rate of return(IRR
Reporting to finance manager, helped managers in identifying cost drivers for supply chain analysis and in improvement processes that led to margin enhancement, plant efficiency and reduction in inventory
• BOM cost reviewing under standard cost environment, (cost roll-up, reviewing standards, load new standards for material, labor and overhead, financial integration )
• Reviewing monthly results with business units heads, assisting them in issues identification, risk analysis and recommendation
• Material price and usage variances, scrap analysis against shop orders and product line, defined variances thresholds for each production line, investigate and work on corrective action on variances
• Implemented cycle count program, assisted management in defining matrix for monthly, quarterly and annual cycle count frequencies
• Monitored inventory levels through inventory turnovers, safety stocks and by tracking of obsolete inventory. Assisted in reviewing kanban stock levels and managed various continuous improvements projects for reduction in inventory
• Monitoring labor efficiency by operation wise, comparing efficiency with the daily overtime and production reports, defined criteria to monitor labor efficiency and in setup reduction time
• Reviewing labor and overhead work centers rates on an annual basis, identified cost drivers and value added activities for allocation of cost
Reporting to Directors, developed accounting and financial infrastructure including accounting system, staff training and internal controls. Promoted as a Controller after 8 months. Manage 5 accounting people team directly
• Prepared financial statements, cash flow and KPIs for senior management
• Improved cash inflow by applying credit policy for debtors which also helped in reducing the number of outstanding days (DSO)
• Negotiated with the suppliers and reviewed logistics contracts to improved cash conversion cycle
• Developed a method for calculating reserves for covering risk purpose, like OBS inventory, bad debts, warranty and sales return
• Prepared complex and ad-hoc basis reports in Crystal Reports and MS access
• Maintained capital and tooling projects, streamlined the process which enhanced the data integrity and reliability
• Provided procedural and reconciliation support in A/R, A/P and Sub-Contractor areas
• Helped in improving NAFTA and logistics process
Reporting to finance manager, Acted as a mentor for whole accounting team during system implementation, supervised 2 people directly in accounting and more than 13 people indirectly with in the supply chain
• Implemented new accounting program ACCPAC for Fixed assets, GL, A/R and A/P
• Updated narratives, procedures documents and flow charts to reflect the new process
• Integrated new business reporting tools called Crystal Report and MS Access for reporting purpose
• Developed reports in Crystal and MS Access as required by management
• Supported in accounts reconciliation in A/R, A/P, Bank statements during system implementation
• Worked in a cross functional team, helping them in process flows in achieving their objectives
• Assisted in continuous improvement process like in budgeting, cash flow and inventory management
Reporting to General Manager, promoted from internal auditor position, supervised 4 people of accounting team. Responsible for reporting on P&L and cash flow
• Prepared cash flow and coordinate with the head quarter on monthly cash flow required for branch
• Completed annual financial audit smoothly
• Dealing with the bank on overdraft facility and on LCs payments for foreign suppliers
• Cut down the material cost almost by 20% by negotiating with the suppliers on purchase discounts
• Streamlined the process of annual physical counts, inventory valuation and overhead costing
• Provided a key support in implementation of a new accounting program
