Management Manager
Resume:
Dennis Forlin, BAcc, CGA
Niagara Falls, Ontario
Home 905-***-****
L2J 4H6
ab2ysn@r.postjobfree.com
Senior Financial Executive
Senior level financial professional with an established record of success
negotiating corporate financing, implementing information systems and
improving internal controls. Successfully translated enhanced financial
reporting into improved operational performance. Effective liaison with
executive management, board members, legal counsel, auditors, risk
management agents and financial institutions. Strong leadership, team
development and problem solving skills. Areas of expertise:
o Financial and Operational Analysis
o Corporate Financing
o Systems Implementation & Development
o Budgeting & Forecasting
o Treasury Management
o Process & Control Improvements
o Human Resource Management
o Insurance, Bonding & Risk Management
Professional Experience
Comstock Canada Ltd. - Burlington, Ontario
2011 - Present Chief Financial Officer
2009 - 2011 Vice President, Finance and Administration
2007 - 2009 Corporate Controller
2006 - 2007 Accounting Manager
Initially recruited to implement a systems conversion for this $300 million
national union contractor with over 1,500 employees. Quickly promoted
through the finance department as a result of significant contributions
including the establishment of stronger financial reporting, enhanced
internal controls, and more efficient administrative processes. Took the
company private in a management buyout from its publicly held US parent.
Key contributions:
o Manage 10 direct reports, responsible for the budgets, financial
statements, forecasts, treasury management and board reporting for 20
cost centers across Canada.
o Finance lead for the $42 million management buyout of the business from
EMCOR Group Inc. (NYSE: EME), negotiating a $26 million credit facility
and $75 million surety facility.
o Renegotiated the bank facility from $26 million to $40 million at
favorable terms. Negotiated a $5 million letter of credit facility with
Export Development Canada to improve working capital.
o Implemented a fully integrated ERP system, and centralized all finance
and procurement functions, resulting in cost savings of $3 million
annually.
o Redesigned the financial reporting cycle to provide more relevant
information for management, reducing month end reporting time from 14
days to 5 days.
o Streamlined the job cost reporting system to improve the timeliness and
accuracy of reporting, improving billings to clients and operating cash
flow by $10 million.
o Mentored the credit and collection team to reduce receivables days
outstanding by 21 days.
o Performed a comprehensive financial and organizational review of overhead
costs, resulting in annual operating savings of $4 million.
Comstock Canada Ltd. (continued)
o Conducted an internal review of commodity tax exposure, recovering $2
million in GST, PST, WSIB and apprentice tax credits.
o Developed internal control procedures related to procurement,
disbursements, and cash management to ensure potential risks are
identified and mitigated.
o Designed and implemented an activity based cost system to accurately
track and allocate corporate overhead to each operating division.
o Documented finance and administrative procedures, and consolidated them
into a company policy and procedure manual.
o Implemented a six month cash flow forecast program to assist in treasury
requirements.
Sayers and Associates Limited - Mississauga, Ontario
1998 - 2005 Accounting Manager, Industrial Division
Managed the complete accounting system of this $70 million Ontario based
construction and manufacturing division with 300 unionized employees.
Revenue growth nearly doubled during my tenure. Key contributions:
o Prepared budgets, financial statements, operating forecasts, cash flow
projections, and annual reports for 11 cost centers with oversight of 6
direct reports
o Responsible for treasury functions including full bank signing authority,
credit review and granting, lease financing, arrangement of letters of
credit, and foreign exchange hedging.
o Coordinated the annual audit, reviewed all audit working papers, and
acted as a liaison between our auditors, management, and our lending
institution.
o Ensured adequate bonding, insurance and other risk management policies
were maintained.
o Responsible for tax issues including PST refund claims, PST exemption
determinations, and SR&ED claims.
o Implemented process improvements in the areas of contract review,
procurement, accounts receivable, job forecasting, and taxable benefits.
o Senior member of the JD Edwards implementation team, responsible for the
design, testing and implementation of the general ledger, job costing,
accounts receivable and foreign exchange modules.
o Developed job cost training manuals, job forecasting reports, and
instructed job cost training seminars.
o Actively involved with construction liens, trust provisions of the
Construction Lien Act, construction claims, and small claims court.
E.S. Fox Limited - Niagara Falls, Ontario
1996 - 1998 Staff Accountant
Recruited to assist the controller in maintaining the financial records of
a construction and manufacturing company with revenues of $120 million and
500 unionized employees in Ontario, including preparation and analysis of
monthly financial statements and job cost reports. Key contributions:
o Responsible for billing of lump sum contracts, cost plus contracts, and
time & material based jobs.
E.S. Fox Limited (continued)
o Administered the financial accounting system of a related construction
company with revenues of $12 million, ensured internal control procedures
were operating effectively, coordinated the annual and interim audits,
ensured compliance with bank covenants, and supervised accounting staff.
o Established a database to control all imports and ensure compliance with
NAFTA Rules of Origin and Canada Customs' Duty Deferral Program.
o Participated in the development, implementation, and testing of a new
integrated management information system to ensure Year 2000 compliance.
Education
1998. CGA Designation - Certified General Accountants Association of
Ontario
1996. Brock University - Bachelor of Accounting, First Class Honors
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