Charles MacDonald

Experience

• 

  GE

  Oct 1983 - Apr 1999

  Financial Managment, Europe & GTA

  European Finance Manager, GE Lighting, London, England 98-99Lighting Manufacturer and Distributor for Europe, Middle East, Africa• Achieved $3 million increased profitability in one year by running 15 six sigma projects, • Inspired change in commissions from volume to margin for sales force of 400. Introduced customer dashboard sales tools, with full drill down capabilityCorporate Financial Planning & Analysis, Camco Inc., (GE Appliances), Mississauga 96-98Appliance Manufacturer, Distributor for Canada and Export to GE in the USA• Obtained $40 million to finance new product introduction, Key player in contract negotiation of $130 million export dryer deal; business development of new market strategies• Led long and short-range forecasts, budgets and reported financials and business plans to Board and Executive leadership of this publicly traded companyPlant Controller and Product Line Analysis, Camco Inc (GE Appliances), Hamilton, ON 92-96Plant Accountant, GE Lighting Canada, Oakville, ON 90-92Regional Controller, GE Fanuc (UK), Daventry, England 85-88General Accounting, GE Financial Service Op, London, England 83-85 Show less

• 

  Samuel, Son & Co.

  Sept 1999 - Dec 2001

  Director, Information Technology, Mississauga, ON

  Metal Service Centres with 40 branches, 50 suppliers and 10,000 customers across North America• Led steering committee decision to overhaul and enhance legacy system• Contracted with India based TCS to achieve results of improved supply chain integration, 3rd party processing, and inventory reduction of $300 million.

• 

  Imagine More Ltd

  Jan 2002 - Apr 2024

  Financial Consultant, Interim Chief Financial Officer

  • Successful acquisition and integration of Triple J Pipelines in NE BC. Provided financial due diligence, secured bank term & operating line financing, and all information to legal council• Introduced corporate finance disciplines, business modeling, forecasting, cash management & controllership, achieving bank re-financing for multiple consulting engagements (Tradesmen Enterprises, Triple J Pipelines, Project Execution, All Peace Industrial Contractors, VETS Group, Island Installation)• Performance bonding and job cost system, financing (Xzact Steel-Construction)• Organizational change – Division Financial Officers + P&FA (CP Railways)• Risk assessment of $250 million ATM launch at TD Canada Trust and implemented financial system and controllership (Diebold Canada)• Supply Chain Management review (Trillium Health Centre)• Project/Startup financing, creation of business plans, market research and financial modeling (Numerous startups and small businesses, GTA) Show less

• 

  Guild Developments Inc

  Apr 2007 - Nov 2008

  Chief Financial Officer, Edmonton, AB

  Commercial Construction, Residential Construction and Window Manufacturing • Secured Bank and Mezzanine and lease funding to complete construction of a four building 200,000 sq ft, geothermal complex. Established best practices for Safety, HR and Accounting policy for 200+ employees

• 

  Surepoint Group

  Mar 2009 - Dec 2010

  Chief Financial Officer, Grande Prairie AB

  Oil & Gas Electrical & Instrumentation construction and maintenance of well sites, gas plants and drill rigs • Development of vision, strategy and deliverable's resulting growth in tough markets.• Initiated budgeting & forecast accountability, focused on profitability and cash in entrepreneurial company. Secured renewal for bank operating line and term funding. Amalgamated 6 companies to simplify system reporting and achieve cost reductions.

• 

  MacEwan University

  Sept 2011 - Jun 2013

  Executive Director Finance (acting CFO)

  Edmonton’s Teaching University, 12,000 Students (FLE)• Restored the reputation of MacEwan University with the Auditor General. Working with a staff of 60 and the support of PwC, we implemented process, segregation of duties documentation and developed a new control framework based on financial statement risk analysis. The AG published results were 2 green lights for accuracy, timeliness and a yellow light for process improvement vs 3 red lights in the previous year.• Service Transformation: established ERP priorities, completing multiple projects; developed staff through process training and building relationships across the university, renewed policies including investment spending. • Quarterly reporting of MD&A, endowment and operating fund investments of $160M, cash management, and audit improvements. Prepared and presented to Board of Governors. Show less

• 

  Tradesmen Enterprises LP

  Aug 2013 - Oct 2016

  Chief Financial Officer

  Oil and Gas Company focused on Facility, Modular and Pipeline Construction • Initiated strategic planning to focus on critical long term objectives and ultimately restructuring for tough market conditions• Implementation of key financial practices, spending authority policy, weekly cash flow, bi-weekly billing status, monthly and quarterly reporting, and an integrated forecasting and bank covenant sensitivity modelling. Prepared and presented all Board presentations and achieved successful annual audits with no adjustments• Virtual CIO responsibility. Full ERP system implementation of all accounting, human resource, safety, project management, equipment and inventory functionality. Developed detailed and summary reporting for managing the business and externally for clients, banks and ownership. Show less

• 

  Project Execution Group Inc

  Oct 2016 - Feb 2018

  Corporate Consulting, Interim Chief Financial Officer

  Business Financial Modeling, Cash Management, Bank Relations, Distressed Companies

• 

  Niche Development Corp

  Sept 2019 - May 2023

  VP Finance/CFO

  Residential Highrise Design, Development & Construction at 40% below national energy standards. • Established all business financial practices, (Billing, Purchasing, Payroll & Timekeeping, General Accounting, Capital Assets), banking relationships and successfully completed audited financial statements. Implemented the Dynamics 365 Business Central ERP system.• Business well positioned for growth, after market challenges and a $40+ million insurance claim.

• 

  Concordia University of Edmonton

  Sept 2023 - now

  Sessional Instructor

  Courses taught: Time Value of Money, Intro to Financial Accounting, Intermediate Accounting, Auditing: Theory & Practice