Sarker Towfiq, Accounting Manager

Sarker Towfiq

Accounting Manager

Alzheimer Society of Ontario

Location
Canada - Toronto
Education
Master's degree, Master's Degree – Business Administration (MBA)
Experience
8 years, 5 Months

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Work Experience

Total years of experience :8 years, 5 Months

Accounting Manager at Alzheimer Society of Ontario
  • Canada - Toronto
  • My current job since January 2024
Manager, Standards and Certification at First Nations Financial Management Board
  • Canada - Toronto
  • January 2023 to November 2023

• Led financial due diligence on financial management system and on-site testing in First Nation communities in accordance with adopted PSAB standards.
• Provided input into business line strategic planning, budgeting, and the continual improvement of the policies, procedures, and operations.
• Provided support in the development and continuous improvement of internal guidelines, policies and procedures to optimize operational efficiency and quality control.
• Maintained proactive, positive, and constructive working relationships with First Nation clients.
• Worked collaboratively with the Marketing and Capacity Development business lines to support First Nation clients as they work to achieve certification.
• Collected necessary data and prepared regular reports using the client relationship management system on the certification status of First Nation clients.

Finance Manager at Clear Blue Technologies Inc
  • Canada - Toronto
  • December 2021 to January 2023

• Monitored and ensured timely and accurate financial period closing by reviewing the journal entries for accruals, deferred revenue, depreciation, GL adjustment to ensure accuracy and completeness of the information.
• Supported the CFO in financial planning, reporting, monitoring, and forecasting processes with annual operating budgets and quarterly year-end projections, preparing financial reports and analysis, including cash flow, and other projects as required.
• Managed the timely preparation of quarterly and annual consolidated financial statements (Canada, USA, Nigeria and Kenya) and MD&A in accordance with IFRS.
• Supported the implementation of MRPeasy for production team and performed monthly reconciliation of inventory movement. Managed capital expenditure tracking for intangible assets for capitalization.
• Assisted in preparing SR&ED, Federal Government Grants applications. Provided advice on internal control issues and recommend and implement reporting enhancements.
• Solved accounting issues within the organization - revenue recognition / bill and hold policy as per IFRS 15
• Co-ordinated the year-end audits with the auditors, as well as managed the audit issues resolution process.
• Supported the timely closure of technical accounting matters with external auditors through the preparation of accounting memos and consultations.
• Assisted in preparing the Companys annual budget, quarterly projections, and report to management on budget variances.
• Prepared complex accounting memos - Revenue Recognition, Intangible Asset Capitalization Memo, Expected Credit Loss Memo, Bill and Hold Policy

Financial Controller (Contractual) at Synergy Gateway Inc.
  • Canada - Toronto
  • March 2021 to November 2021

• Managed full-cycle accounting and financial accounting, including revenue recognition, cost allocation, accounts receivable and payable management.
• Made data-driven decisions by performing financial analytics in developing financial models to evaluate new projects and ventures viability. Prepared financial models for multi-million-dollar investment opportunities.
• Carried out financial planning and cash flow forecasts by considering business cases and performed sensitivity analysis to validate the forecasted datas accuracy.
• Prepared annual budgets analyzed variances between budget, actual, and key metrics and formulated action plans as needed.
• Performed financial analytics of balance sheet, P&L by carrying out granular level analysis on capital expenditure, revenue, cost of sales, operating expenses, investigate exception reports, and analyzed trends.
• Managed the bifurcation of business into two separate entities and valuation of the newly created entity.
• Worked as Point of Contact for Banks and lending institutions, review bank covenants and reporting.

Accounting Consultant(Contractual) at Reena
  • Canada - Toronto
  • October 2020 to March 2021

• Developed a model for transition into ASNPO and coordinated with Big 4 Auditor for year-end audit.
• Prepared special purpose financial statements and financial model for amortization of different asset classes
• Prepared budget reports for compliance and variance analysis to be used as part of Management decision making (CFO and the Board)
• Carried out P&L and balance sheet analysis periodically by including key financial analysis indicators and submitted the monthly reporting pack to the senior management to visualize the broader picture.
• Prepared monthly / quarterly / periodic reports for provincial ministries and City of Toronto as part of funding agreement.

Assistant Manager, Risk and Management Consulting at KPMG
  • United States - District of Columbia
  • April 2018 to April 2020

Reported to Partners, Directors and Senior Managers directly with full responsibility of assignments
• In-charge and Senior Team Member responsible for statutory audits of regulatory and listed clients
• Prepared report, financial statement analysis and presentation for those charged with governance.
• Collaborated between audit and risk consulting team for first time ICOFR adoption, IFRS 15 advisory, SoX testing advisory engagements.
• Experience of working with the local municipality for ERP design and implementation as part of advisory engagement.
• Consulted on regulatory compliance as a part of subject matter expert member to regulatory advisory team.
• Met with boards, committees, and executives to provide results, recommendations, and consulting.
• Worked in different ERP environments including SAP, Oracle and Agresso to extract information for the purpose of audit.

Senior Accountant at Kpmg
  • Bangladesh - Dhaka
  • April 2017 to March 2018

• Reviewed key processes and controls of a multinational RMG manufacturer as part of internal audit
• Performed entire process review and documentation and developed Risk and Control Matrix
• Developed individual audit work plans, reviewed work papers, scheduled audits, and oversaw schedules.
• Evaluated effectiveness of internal control and policies to determine opportunities for improvement.
• Managed, led and worked with teams to evaluate, design and implement financial controls and processes.
• Managed process review/system audit work for a major textile group.
• Determined processes and reporting structures to develop templates for management procedures.
• Forensic audit of a not-for-profit organization operating in rural areas.
• Worked with tax/regulatory advisory team in business setup consulting and business developments.

Trainee Accountant at Kpmg
  • Bangladesh - Dhaka
  • January 2015 to March 2017

• Worked in different capacities (In-charge, Senior, Junior, Intern) in audit, tax and advisory assignments.
• Worked as senior team member in full-scope audits under ISA and IFRS for multinational companies.
• Led fieldwork for internal audit, risk consulting and due diligence assignments as senior team member.
• Worked in various general and risk-based assurance and certification works.
• Performed process review and system audit for several assignments.
• Oversaw statutory full-scope audit conducted under US GAAP/US GAAS for US subsidiary.
• Evaluated design and implementation of controls for the financial processes, recommending improvements.
• Executed fact-finding procedures for forensic audits.
• Implemented paper-based to eAudit transition and introduced of Computer Aided Audit Techniques (CAATs).

Education

Master's degree, Master's Degree – Business Administration (MBA)
  • at University of Toronto
  • June 2025
Master's degree, Master's Degree – Professional Accountancy
  • at University of London
  • June 2017
Bachelor's degree, Bachelor's Degree – Applied Accounting
  • at Oxford Brookes University
  • August 2014
Bachelor's degree, Accounting
  • at Uppsala University
  • December 2013

Specialties & Skills

Auditing
Due Diligence
International Financial Reporting Standards
Financial Reporting
Consolidation
CONSULTING
DUE DILIGENCE
FACT-FINDING
BALANCE SHEET
MANAGEMENT
FINANCIAL STATEMENT ANALYSIS
MFG/PRO (ERP)
PLANNING
REGULATORY COMPLIANCE
SAP CRM

Languages

English
Expert

Training and Certifications

Chartered Professional Accountant (Certificate)
Date Attended:
May 2020

Hobbies

  • Scouting
    Participated in two World Scout Jamboree Awarded Presidents' Scout Award Participated in the Commonwealth Scout Forum