Finance Manager
TD Bank
Total years of experience :20 years, 1 Months
• Manage, lead and develop a team of 6 Analysts to support TD Bank General Ledgers with focus on coaching and development fostering a culture of teamwork and continuous improvement
• Overall responsibility for ensuring application availability, data integrity and a positive user experience for financial systems:
o Ensured quality of service meets Service Level Agreements
o Maintenance of job scheduling, reports, interfaces, queries, etc
o Champion enhancement of existing processes and controls to deliver services more effectively Timely investigation, communication and resolution of Production incidents
o Development and maintenance of application security
• Adherence to audit controls
• Foster and grow relationships with key finance and technology business partners, identifying opportunities to improve communication and service provided
• Oversee internal and external audits
• Engaged as key member of project implementation teams, providing value added solutions and subject matter expert support
• Ensured procedure documentation is accurate and complete
• Lead a team of 10 Expense Financial Analysts (coach, develop and enabling)
• Lead Financial Analyst for Strategic Initiatives (track and assess profitability of IBM Strategic Initiatives)
• Lay off Canada Expense plan and ensure equitable productivity challenge across all Business units and Support Functions
• Analyze and reporting of Total Canada Expense to the Senior Leadership Team
• Build quarterly forecast on a monthly basis Identifying trends, risks/opportunities and variance analysis
• Develop financial targets for the business units and support functions to ensure that IBM Canada meets its profit commitments
• Responsible for Finance headcount reporting analysis and solution any delta to plan
• Responsible for countrywide Selling General and Admin expenses consolidation and reporting
• Development of high-level, detailed management presentations for country wide results on a monthly, quarterly and annual basis
• Responsible for consolidating and reporting of STG Headcount with different funding mechanisms and stakeholders
• Collaborate with relevant business lines and reporting teams to prepare and complete the quarterly forecasting
• Leveraging financial analysis (KPI)to ensure businesses continue to improve and deliver better than plan performance
• Analyze and prepare monthly, quarterly and annual reports of regional financial results for the senior management team including variance analysis
• On going analysis of complex financial models in order to perform forward-looking business and planning functions
• Audit Account Reconciliation and Manual Journal Entries to ensure they meet Sarbanes Oxley and Xerox accounting policies
• Conduct internal and provide external audit assistance: followed Sarbanes-Oxley and accounting policies (GAAP)
• Audit Fixed Assets - Accurate Asset Setup for category and depreciation to ensure compliance with GAAP and Xerox policies
• Responsible for Credit Design Assessment and Rotational Inspection
• Conduct Audit for Site Billing accuracy
• Responsible for expense planning, budgeting, forecasting and reporting for North American Finance group
• Performed variance analysis of payroll benefit cost (pension and other benefits) with a plan of over eighty million dollars
• Accountable for the estimation of sales incentives/commission accruals and deferral with over sixty million dollars plan
• Responsible for monthly corporate pension and management bonus submission
• In charge of determining and administering of royalty expense to corporate worth over eighty million dollars per year
• Tracked both overnight and short term investments to ascertain proper accrual and recognition of interest revenue with respect to GAAP
• Analyzed Other Income and Deductions to establish net gain/loss due to currency exchange fluctuation and explained the variances to the senior management team
• Executed monthly balance sheet analysis of cash commissions and benefits costs accounts
• Prepared, validated and released corporate submissions as part of the financial reporting process for statements and notes
Tracked revenue against against target and communicated to the Sales Leadership Team.
Sales Outlooked and Forecasting
• Analyzed, forecasted and administered sales calls and reported to the Senior Leadership Team with recommendations to meet revenue drivers targets
• Effectively administered meter read to determine leakages (measuring revenue stream against cost at an account level to investigate accounts with high costs than revenues)
• Administered toner distribution to ensure optimal on site inventory so as to reduce excess onsite inventory and the associated costs
Management Specialist -Finance Stream with Minors in Economics for Management Maytree Foundation Scholar