Head of Corporate Development
Aviva Canada Inc.
Total years of experience :18 years, 4 Months
Reporting to the CFO
-- Managed and lead end-to-end broker investment process from inception to completion in M&A
-- Conducted preliminary assessment, credit modeling / financial & business analysis, developed business case.
-- Negotiated terms with brokers, Obtained approvals on business case from CEO / CFO as per Canadian policy.
-- Guided business units in their role of executing broker investment transactions.
-- Coordinated with legal department on security perfection.
-- Oversee the whole process, coordinate with shareholders and ensure disbursement of funds.
-- Tracked and reported on loan opportunities, portfolio profitability and yields.
Reporting to the Senior Manager and VP of Corporate Planning on various deliverables including:
-- Managed 2 planning analyst and also oversaw 3 business analysts and 3 consultants
-- Accountable for complex Hyperion Underwriting (Claims and Frequency) model implementation
-- Managed rolling-out the Hyperion Expense model including remediation and enhancements
-- Performed companywide performance management reporting including actuals and forecasting analysis
-- Developed report templates to assist the business in the planning process, tracking budget against actual, variance analysis and highlighted anomalies. Worked with business partners to correct the same.
-- Managed communication with stakeholders, presented project costs, key risks & dependencies to senior leadership, ensured alignment, minimized risk through contingency plans
-- Key point of contact with finance business partners, IT and external vendors for negotiating project deliverables, advice on best practices in project management
-- Lead on development and maintenance Hyperion web forms, business rules, smart-view reports
-- Lead enhancements - gathered business requirements, drafted change requests, managed deployment
-- Ensured compliance to project management methodology through scope assessment and testing (Unit, Parallel, P&C and User acceptance testing), updated project documentation and tracked progress
-- Managed end-to-end process including data management and load processes, its reconciliation
-- Subject matter expert - Coached, mentored and provided training to end-users transferring knowledge and assisted business units with day-to-day issues
Reporting to the Senior Manager, Solvency II and VP Economic Capital on various deliverables including
-- Responsible for producing the risk and finance power-point deck, (synopsis of company’s performance in terms of underwriting, pricing, reserving, investment, credit, liquidity and franchise value) distributed to the executive team, board of directors, risk committee and ALCO
-- Main liaison, prepare and present Solvency II material in meetings, answerable to all queries coming from AVIVA region and group regarding various deliverables
-- Lead on delivering the Economic Capital report which includes the calculation of capital and solvency position, analysis of movement, reconciliations, risk management, methodology used and stress tests performed
-- Responsible for Economic capital reporting, populating the economic balance sheet, P&L and submitting quarterly results via online and offline reports to the Aviva group
-- Lead on delivering the Own Risk and Solvency Assessment (ORSA) report to the group supervisor, represented Aviva Canada in group fortnightly meetings
-- Created presentations and other ad-hoc requests as put forward by the senior management. (balance scorecard, executive summaries, premium modeling, training for solvency II)
Reporting to the Senior Manager, Financial Reporting and VP Corporate Controller on various deliverables including:
-- Managed group-reporting deliverables - collected information from Hyperion-Essbase tool and various departments to do final IRFS submission to group in Business Objects Financial Consolidation (Magnitude).
-- Coordinated and communicated the half and full-year Aviva UKIFRS group reporting process and timetable with key business contributors
-- Automated the reporting process in the department making the process “super-efficient”
-- Answered to all regional and group queries regarding submissions to their satisfaction (Query Plus)
-- P&C Reporting - Responsible for quarterly and annual filings for Aviva’s 6 legal entities as per OSFI guidelines, prepared and reviewed ratios, MCT and key metrics that the company is measured upon
-- Coordinating with internal and external stakeholder groups to ensure timely delivery of monthly and quarterly tasks to the UK
-- Investigated and initiated change requests to improve current controls, IFRS hierarchy and reporting process
-- Ad-hoc Projects - Responsible for various deliverables (UKIFRS, CIFRS and building report templates) for senior management
SVP and Finance Business Partner (FBP) Support for Western Region on various deliverables including:
-- Annual Strategic and Financial Plan - Participated effectively in the development of business planning models reflecting key drivers of value and competitive environment that were aligned with the business objectives
-- Built business processes and deployed financial controls that were effective at preventing undesirable risks, aligned finance processes and priorities along those lines of the business
-- Adapted finance processes meeting business changing needs, played an upfront and early role in decision making processes and supported system development that made the business easier to do within the eyes of customers
-- Performance Measurement and Management Control - Integrated key financial and operational drivers of performance in business’s management reporting process, tracked and analyzed information that was predictive and actionable
-- Provided ongoing business insights and competitor analysis to drive business performance forward.
-- Quarterly Forecasting and PMM Reporting - Coordinated and created submission of quarterly forecasts, calendarization within the region, annual plans and ongoing PMM reporting deliverables.
-- Month-end reporting, quarterly forecasts, PMM, Annual strategic & financial plan and Other ad hoc projects
-- Designed a “Flash Report” to be produced on Day-1 of every month, Snapshot of MTD & YTD results for the whole region, by line, by branch including variance analysis of actual with budget, prior & forecast. This meaningful report was not only concise but saved users (SVP, VP, FBP, RBM, Branch Managers), the hassle of going through 50 reports of 500 pages each
-- Prepared financial reports for the management team in an accurate and timely manner. Ensured all business decisions are being supported by high quality financial analysis
Delivered Lectures on Advanced Taxation and Planning for a Professional Designation.
Reporting to the Area Manager and Head of Credit on Various deliverables including:
RELATIONSHIP MANAGEMENT
-- Prepared, reviewed and recommended credit applications including facility structures to appropriate authorities
-- Structured clients profile according to their short and long term needs (RF, DF, CF, SLC, FBP, ULC etc., )
-- Analyzed customer’s financial statements, adapted tools & techniques to interpret financial results and attached these to the business case under review
-- Disbursed limits after completion of legal and credit administration department formalities, negotiated terms
-- Restructured non-complaint loans, collected overdue (90+) & non-performing loans (10% of the portfolio)
-- Determined re-payment schedules vis-à-vis authorized limits
-- Managed a team of CSO; Increased Assets & Liabilities by CAD $4M, ancillary business CAD $6M in 12M
-- Increased retention effectively by 25% by liaising with clients and timely responding to inquiries
-- Achieved thrice satisfactory audit ratings; ensured internal controls are in place to reduce operational risk
ANALYSIS AND REPORTING
-- Participated in planning & forecasting, interpreted & analyzed portfolio information for management review
-- Portfolio Reporting - Asset & Liability by segment & product, Interest accrued & suspended, consolidated regulatory reports for the group and senior leadership
-- Ensured high portfolio standards through quality analysis of account turnover, business reciprocity, mark-up servicing and identified SWOT for building pipelines
-- Analyzed market share & portfolio performance through MIS, account planning tools & CAT’s
-- Assessed & monitored credit risk on portfolio by applying financial models; ensured satisfactory levels
-- Updated credit reports in central bank database, removed discrepancies pointed in daily administration memo
Chartered Accountant