ERNEST IP, CPA, CA (Canada), MBA, BBA (Accountancy)

Vaughan, ON, L4K 1H2 (647) 848-0881 ernestipcw889@gmail.com

FINANCE MANAGER
Financial Reporting/ Treasury Management /Project management
 Big 4 (Deloitte) trained finance reporting professional with MBA earned from University of New South Wales,
Sydney, Australia coupled with CPA CA designation in Canada
 Talented, resourceful financial reporting professional with more than ten years’ experience and with ten years
of management experience in financial planning and reporting
 Hands on experience in management and coaching, business planning process, preparation and analysis of
financial forecasts, long term financial objectives, variance analysis against the KPI, profitability analysis,
developed and automated reporting tools, introduced new tools for analysis and modeling
 Hands on experience on Lean Management and proven ability to maintain effectiveness of the reporting
processes through effective strategizing, process improvements
Core strengths include:
 Self-motivated  Analytical thinking  Strong motivation skills
 Problem solver  Lean management  Result oriented
 Excellent Communication  Strong interpersonal skills  Time Management

PROFESSIONAL EXPERIENCE
FINANCE MANAGER
REDLINE COMMUNICATIONS (TSX: RDL) (TORONTO, ONTARIO) 2018-PRESENT
Canadian Multinational listed corporation with over 20 year of experience in telecommunication industry
 Plan, organize the accounting and financial reporting functions in support of overall company strategies and
objectives, as established by executive team by use of asana
 Manage and mentor a team of three subordinates in Canada
 Prepare month end, quarter end, annual multi companies’ consolidated financial statements, MD&A
 Design tools, managed, reconciled, and summarized the budgeting and re-forecasting process with various
departments including building up financial modelling and prepare presentations for management
 Analyze and research costing variances compared to actual, budget and perform re-forecast
 Introduced management reporting packages with detail customers product profitability analysis and enhance
efficient resource allocation, collaborated with sales team to drive strategic focus on regional sales and sales
line item rationalization through profitability evaluation
 Develop model for project costing and financial modelling for various projects and prepared return on
investment review on capital assets
 Develop model for conducting price integrity checks for ranges of customers and product categories ensure
adherence to pricing strategy
 Prepare cash flow forecasting and cash flow weekly projection and manage any difficult situation with cash
flow issues and help manage working capital challenges
 Oversee all accounting functions including AR, AP, Billing, GL, Cost accounting, Inventory accounting and
Revenue recognition, bank reconciliations review, regulatory reporting and ensure meeting tight deadline
 Review and advise senior management on the remuneration plans for acceleration on the sales target
 Develop and document business process and accounting policies to maintain and strengthen internal controls
 Prepared accounting memos for IFRS adoption and research technical accounting issues for compliance
 Actively participated in implementation of cost saving measures ($3millions CAD) and improvement on
profitability
 Coordinate with external audit process and tax review matter and prepared and file various tax returns
Selected Accomplishments:
 Executed Lean Management process and ensure zero lead time and JIT process improvement and prepared
Kaizen weekly improvement review with the team and advise senior management, including:
 Streamline the reporting effectiveness and performed automation changes on financial reporting, reduced the
processing time on analysis by 300% through the use of Power BI, Power query and Power Pivot
 Implemented new vendors system to automate the expense and AP invoices processing, maximizing
effectiveness and ensure accuracy
 Implemented new policy on collections and reduced overdue AR from 40% to 10% and improved cash collections
Continued’
 ERNEST CHI WAI IP, CPA, CA(Canada), MBA
(647) 848 0881 ernestipcw@hotmail.com

SENIOR FINANCIAL ANALYST

ENBRIDGE GAS DISTRIBUTION (TORONTO, ONTARIO) 2017-2018
 Performed financial analysis including variance analysis and what-if-scenarios analysis outlining key variance
drivers and key risks area and explained key underlying drivers of results
 Ensured transparency on the budgets, forecast, gaps and identified gaps and opportunities
 Presented to the management and analyzed and recommended on the change on the financial forecasts, and
future trends and impact on the operational goal which impacted the short term and long term objectives
 Analyzed monthly results and provided recommendations to the management
 Developed automated reporting tools facilitating the internal and external reporting needs
 Prepared memo for the management on changes in related to the accounting and financial reporting updates
 Ensure departmental internal control compliance and recommended the process improvements through
review of accounts and associated processes
Selected Accomplishments:
 Built financial dashboard and automated using PowerBI for client geographically and overall financial results
CHIEF ACCOUNTANT
SUCCESS BUSINESS GROUP AND CONSULTING (CALGARY, ALBERTA) 2014-2017
 Identified key performance indicators impacting client profitability ratios, improved overall financial results
 Oversaw at finance and business control for domestic clients from various manufacturing clients
Selected Accomplishments:
 Performed process improvement projects including implementing an electronic time and attendance system,
mitigate purchase order to electronic approvals
FINANCE MANAGER (FINANCIAL REPORTING AND PLANNING)
PUBLICIS 2011-2013
 Managed team of 10 subordinates performed scenario analysis and financial modeling
 Performed financial variance analysis and identified different scenarios for senior management for financial
planning and budget forecasting purposes
 Identified gaps, risk and opportunities for business operations and performed geographic analysis by clients
 Prepared month end financial reporting package and presentation for the senior management, and
performed variance analysis based on the month end results and against budget and reforecast
 Developed specialized project reporting tools for internal and external reporting needs
 Monitored the IFRS developments, and provided the recommendation on the application and estimated
impact on implementation and provided memo for the colleagues on the recent IFRS developments
 Analyzed monthly results and provided recommendations to business directors and automated the
recommendation by building template facilitating the reporting and improved profitability
Selected Accomplishments:
 Automated the project revenue and cost review process from one week to two hours by implementing IT-
based automated tools, such as .NET programming
 Spearheaded specialized paperwork generation, established automated invoicing system
INTERNAL AUDIT SENIOR ANALYST (CONTRACT) - UNDERWRITERS LABORATORIES 2010-2011
ASSISTANT FINANCE MANAGER (FINANCE PLANNING AND REPORTING) – IPG 2007-2010
SENIOR ASSOCIATE - DELOITTE, AUDIT DEPARTMENT 2004-2007
PROFESSIONAL QUALIFICATION
CPA CA Chartered Professional Accountants Canada (ID: C198140)
EDUCATION
MBA (2015), Financial Management, University of New South Wales, Sydney, Australia
COMPUTER SKILLS
Proficient in Microsoft Office, including Excel, PowerPoint; PowerBI; PowerQuery; PowerPivot; Hyperion Essbase;
HFM; SAP; Oracle MS Dynamics Great Plains 365 and CRM; QuickBooks Pro; Navision; Salesforce
Linkedin: https://www.linkedin.com/in/ernestipca