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Bharati Desai, CPA

#405, 50 Forster Park Drive, ON L6K 1Y8
(416) 707-6886 (Cell)


 Certified Public Accountant with 16 years of experience in senior accounting positions in private, public
and manufacturing and Retail companies.

 Dynamic, proactive, result oriented, motivated and career –minded personality with demonstrable track
record in cost reduction through strong negotiations and creative solutions for continuous process


• Financial reporting (GAAP/IFAS) • Cash management and managing

• Project Management treasury including hedging
• Consolidation of several entity • Inter company reconciliation,
• Accounting system design and billing of 36 divisions
implementation • Year end external audit support
• Financial planning & analysis • Weekly, monthly, quarterly and
• Budgeting ,cash flow and business plan year-end financial reports
• Federal and provincial tax returns • Supervising AP/AR/Banking
• Specialty in implementing IAS • Continuous improvement and
• Implementing Bill 198 controls optimization
• Maintain fixed asset register and
tracked capital expenditure
• Corporate Accounting





Financial Consultant (Contract)

QUNATUM COMPUTING INC July2009 to Nov 2009

Prepared cash burn rate for $240 million funding for the project and prepared budget for 10 years.
Bharati Desai (416) 707-6886 / 2

Developed and implemented management reports for profit and loss and balance sheet (weekly, monthly
and quarterly report)
Developed policy, procedures and assisted CFO with a risk management process

Designed and implemented internal control measures for spending new grant of $200 million for
purchasing, accounts payable and accounts receivables.

Senor Accountant/Controller 2007 to 2009

Reputed multinational public corporation with 30 (automotive systems) manufacturing divisions in
Canada, USA, Mexico and Europe

• Prepared financial reports for month end and year end with very strict deadlines using crystal reports
and analyzed financial reports for management.
• In charge of check runs and employee expenses on regular basis
• Journalize monthly activities and general entries at month end.
• Prepared 5-year business forecasts and annual budget for the newly created division of $250 million
revenue based on a new type of business model/contract (VAA). Created business plan scenarios with
reduced volume
• Identified and negotiated changes to the labour provision contracts to yield savings of $750,000
• Prepared product costing and management accounts on weekly basis with variance with budget and
variance explanations.
• Consolidated 30 divisions to prepare balance sheet and profit and loss account
• Reconciled inter-company accounts for all 30 divisions with corporate and uploaded all 7 corporate
companies in Hyperion
• In charge of fixed asset register and tracked all capital expenditures when completed
• Completed negotiations with vendors and contractors for prices and credit terms and reduced cost by
• Coordinated with all divisions timely reporting and brought forward month end deadline by a week
• Helped in year-end audit and supplied schedules for all the major balance sheet items and income
statement with previous period comparisons
• Prepared and managed weekly cash flow, monthly cash flow as well as investment and treasury

Senior Accountant (Mat contract) 2006 to 2007

VIRGIN MOBILE Canada, Toronto, Ontario
Part of multinational Virgin Group of companies Virgin Atlantic, Virgin mobility network

Managed month-end accounting process, analysis of financial results, variances and general ledger
account reconciliation
Liaised with external auditors for year end and quarter end audit and won award for best company
amongst all companies world wide
Participated in special projects for enhancing automation; developed processes to stop revenue
Managed inventory and reconciliation of inventory including investigating variances
Found an error in PeopleSoft inventory module for returns claims which will save company more
than $600,000 and correction in system is made
Bharati Desai (416) 707-6886 / 3

Detected duplication claims and overlapping claims forms for retailers and saved company $180,000.

Senior Accountant 2004 to 2006

ESW CANADA, Toronto, Ontario
Part of publicly-traded company and manufacturer of a catalytic converter, diesel and gasoline fuelled
substrate brand name as Clean Cat, Quiet Cat

• Managed full accounting department consisting of Accounts Payable, Accounts Receivable, cost
management and full general ledger maintenance and safeguard all receipts, cost and actual
• Prepared GST returns and managed statuary deductions

• Helped CFO in design and implemented and managed all accounting systems management
information systems and internal control policies and procedures in new division. Oversaw the daily /
weekly preparation of Cash Position with the Chief Financial Officer.
• Detected costing problem which eventually will save the company $135,000 per year.
• Preparation of auditors schedules and audit support on timely basis adhering to GAAP principles
• Analyzed manufacturing variances and prepared report for management for reasons of variance
and corrective actions
• Managed with time and material costing system

Controller 1996 to 2003


Leading food industry exporting to European supermarket with 2500 employees

• Analyzed project cost estimates. Provided bases for assumptions. Prepared projected financials
and analytical support to management and helped in starting four projects worth $45 million
• Analyzed manufacturing variances and recommended actions which saved company $400,000
• Proactively encouraged early collection and attaining extended credit terms from suppliers to
improve the cash flows by a targeted $80,000 per month
• Managed and develop product costing and transfer pricing requests of new products and existing
exports for more than 100 products.
• Reduced overhead structure by 40% by achieving large cost reductions through newly invented
cost-cutting committee
• Secured financing for new investments and daily working capital dealings with major cost
reduction of finance cost by $ 55,000 per month.
• Internal audit including operations, credit and financial audits with focus on operational
efficiency, risk assessments which had reduced frauds; improved operational efficiency by 18%
• Prepared quarterly and annual financial reports, weekly profit and loss account, budget forecast,
cash flow and presented report at board meeting.
• Communicated effectively with managers so they understand how costs affect the company's
efficiency and improved processes and find major cost savings of $65,000 per annum
Bharati Desai (416) 707-6886 / 4

• With excellent communication, report writing, organizational and strong interpersonal skills and
contributing in profit maximization earned "Best Employee" award.
• Reduced ad-hoc overtime by 80%, ensured reporting accuracy to 100% by simplifying flow of
documents and eliminating unnecessary reports
• Carried out variance analysis of costs, revised budget estimates and modeled profit-maximizing
directions which had improved profits by 18%

Enrolled in a SAP certification
Certified Public Accountant (CPA)
Certified Public Accountant (CPA) USA in progress
Certified General Accountant (CGA) in progress
Bachelor in accounting (B.Comm) evaluated by World Service Education by Canada
Corporate and personal Taxation


Member of Institute of Certified Public Accountants (ICPAK)

Honorary Chairlady of Association of Women Accountants of Kenya (AWAK)