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Partha Chakrabarty, CPA

Controller

Contact Info

Areas of Expertise
  1. Financial planning and reporting.
  2. AR/AP/GL, Inventory, & Payroll.
  3. Financial & Capital budgeting.
  4. Accounting Principles - GAAP, IFRS, ASPE.
  5. Cashflow and cash projection.
  6. Internal Controls.
Tech Skills
  1. Strong MS Excel skills (Pivot Tables, Look-ups, VBA Macros)
  2. Word, Outlook, PowerPoint
  3. QuickBooks and other accounting softwires
  4. SimCorp Dimension
  5. Income tax software
  6. Programming Languages (C, Python, Go)
  7. Web Technology (HTML, CSS, JavaScript, WordPress, SharePoint)
About Me

Accomplished Controller with 15+ years of accounting and financial experience in Canada. Dedicated to increasing efficiency and productivity through implementing accounting best practices and system enhancement. Detail oriented with skills in effectively managing budgets, presenting monthly, quarterly, and FYE financial reports. Assisted the president on additional financing, securing $7M in mortgage, $2M in credit line, and $4M in leasing.

Committed to team’s success with the ability to motivate and lead the team in order to enhance and fully implement new business processes and meet the deadlines. Focused on continuous professional growth, including the improvement of Business, Information Technology, and Economic knowledge. Strong analytical and interpersonal skills Hailed as best performer and received kudos several times.

  1. In-depth knowledge of accounting, GAAP & IFRS Accounting Standards, fund structures, and financial statements.
  2. Proven ability to identify, and implement improvements to streamline processes, increase efficiency & productivity.
  3. Established an improved Cashflow Projection and cash management reporting system resulting in increase in efficiency and accuracy.
  4. High degree of ethical values and integrity. Maintained strict confidentiality of client and company information.

Experience - recent career

HNM Logistics Group

Mississauga, ON

Jan 2021 - present

(Engaged in Transportation & Logistics, Truck repairs, Lights, and Rentals.)

Group Controller

Top achievement:
  1. Streamlined processes and improved control measures leading to cost reduction and increased profitability.
  2. Presented Financial Statements for individual companies and Consolidated Financial Statements for the Group in a timely manner, and completed other lending requirements to secure funding to meet company’s growth plans.

Responsibilities - Controller:
  1. Oversaw daily accounting operations for 6 companies. Reviewed daily controls and monthly & yearly accruals.
  2. Completed for 6 companies, draft financial statement for audit including applicable schedules, footnotes, and disclosures. Prepared consolidated financial statement for the group.
  3. Monitored daily cash position and managed funds
  4. Implemented numerous cost saving & revenue generating plans that increased company’s profitability by 2%.
  5. Designed, maintained, and evaluated the company's Internal Control system and initiated appropriate measures to address any deficiency & shortcomings.
  6. Adhered to regulatory & statutory requirements, and made sure tax filing deadlines are met.
  7. Reduced liabilities, reconciling accounting records, and issue resolution.
  8. Evaluated budget by performing monthly and annual budget versus actual analysis for continuous performance improvement.
  9. Ensured covenants are met and liaised with lenders to secure funding for company’s operational & expansion plans.
  10. Reported KPI to the Management

Responsibilities - Project Manager:
  1. Organized core team and implemented Transportation Management Systems (TMS) leading to improved control, and increased efficiency.
  2. Monitored the workflow of TMS on an ongoing basis to ensure smooth operation and resolve glitches.

Franklin Templeton Investments Corp.

Toronto, ON

Mar 2011 - Oct 2020

(A global investment organization and a Fortune 500 company.)

Senior IMS Fund Control Analyst

Role: Financial analysis and control in find accounting

Top achievement:
  1. Successful implementation of several process improvements leading to increased efficiency and reduced control risk.
  2. Presented Financial Statements for individual companies and Consolidated Financial Statements for the Group in a timely manner, and completed other lending requirements to secure funding to meet company’s growth plans.

Responsibilities - Production:
  1. Reviewed reconciliation tasks for mutual funds of various investment strategies. Provided daily handoffs to make sure NAV is calculated correctly.
    1. Reconciliation of General Ledger System to the Templeton Portfolio Management System for Principal, Income, Cost, Amortization, Interest, FX Revaluation, and maturing forwards to CODA (GL System)
    2. Reconciliation of Cash and other Assets with partners (custodian, broker, transfer agents)
  2. Developed financial analysis procedures.
  3. Ensured accuracy of funds' trades, cash transactions and corporate actions and verified securities' prices to properly value portfolios.
  4. Reviewed security transactions including trades, interest payments, maturities, and corporate actions as identified through various internal reconciliation processes
  5. Prepared and reported cash balance projections to clients on a daily basis.
  6. Reviewed daily general ledgers and created monthly audit reports for past due.
  7. Researched and delivered specific client requests such as daily net asset value impact of late trades and reconciliation of portfolio holdings, helping division to surpass NAV accuracy goal of 99.90%.
  8. Prepared reporting period requests such as general ledger revisions and backups for audit requests.
  9. Coordinated broker confirmation process for WSO funds going through year ends. Researched and resolved any difference reported by auditor or broker.
  10. Monitor account overdraft and long balances and escalate issues a required
  11. Provided late support after the sign-off of Asian and European sites. Supported ad hoc requests including queries from portfolio manager.
  12. Monitored follow-up to clear all reconciling items as soon as possible. Submitted weekly escalation report for open items over 5 days.
  13. Mitigated risk by designing and implementing effective controls.
  14. Designed VBA Excel Macros to enhance manual recon spreadsheets that automates regular tasks including generation of reports directly form the Accounting Systems (CODA, OneTIS, GMax),
  15. Provided guidance and training to new recruits as well as existing team members as and when needed.

Responsibilities - Project Manager:
  1. Participated as UAT, & Parallel tester in the project involving migration of funds in several waves from Global Max to SimCorp Dimension. Scope includes Integrity Check Engine for Data Quality (iCEDQ) recon handoffs, inquiries, processing, research, and resolution.
  2. Documented detailed test cases while working in an Agile software development cycle.
  3. Collaborated with BA and developer frequently for requirements clarification.
  4. Actively participated in project meetings and discussions.

Experience - early career
Roles
  1. Bookkeeper - Myers Tsiofas Norheim LLP, Toronto, ON - A busy CA Firm in the Bay Street area of Downtown Toronto
  2. Month-end Accountant - EnerSys Canada Inc, Bolton, ON - Global leader in stored energy solutions-industrial application
  3. Accountant - Manrkē - Sam Joo, Toronto, ON
  4. Accountant - William L Rutherford Limited, Mississauga, ON - Customs Broker, Warehousing and Distribution
  5. Accounting Supervisory Role - Seahorse Ship Agencies Pvt Ltd, India
  6. Audit & Book-keeping Role - A K Barman & Associates, India - Chartered Accountants

Responsibilities
Worked with several client assignments in a range of accounting roles including AR, AP, GL, and payroll functions.
  1. Prepared tax returns and T1 adjustments
  2. Performed full cycle accounts receivable functions including invoice posting, bank deposits, collection entries, customer account discrepancy resolution, and adjusting entries.
  3. Executed Accounted payable function including vendor invoice three-way match, voucher & approval process, check run, and issue resolution.
  4. Posted month-end accruals, performed variance analysis, and Balance Sheet Reconciliations.
  5. Reconciled income, interest, and gain/loss with yearend reporting slips
  6. Prepared monthly and yearend financial statements with annexure and schedules
  7. Processed periodical payrolls, remitted payroll tax to CRA, and reconciled GL balances relating to payroll.
  8. Prepared investment schedules using complex excel formula indicating purchase, sale, G/L of various securities.
  9. Reconciled various general ledger accounts to supporting journals and schedules.
  10. Reported to foreign principals - Voyage Disbursement A/c, General A/c, Container Logistic A/c, Detention report.
  11. Generated various monthly reports from BAAN ERP
  12. Analyzed financial data, the impact of internal and external factors
  13. Traced many inter-company posting errors in the process.
  14. Assisted other members of the organization in their daily work whenever needed
  15. Worked closely with the Controller on special assignments and business process improvements.

Education

Professional

  1. CPA (ON, Canada)
  2. CPA (NH, USA)
  3. ACMA (India)
  4. CSC

Academic

B Com (University of Calcutta, India)

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