Henry Xu

Experience

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  China International Trust and Investment Corp.

  Jan 1990 - Jan 1996

  Business Manager

  Built, coached and supervised one of the most productive project teams with annual revenue increased 85% to USD2 million equivalents.-Developed investment strategies in China for international clients, established customer commitments and ensured continued satisfaction.-Integrated user research findings/recommendations into product development. -Employed qualitative and quantitative research methods to help define strategies that complied with users’ lives, developed new product and service concepts and refined the usefulness of existing products throughout the design and development process. -Engaged in developing and implementing major marketing and business development initiatives.-Established joint ventures in China and managed all phases of development including management structure, negotiations, financial analysis, budgeting, strategic planning and staff recruitment.-Provided budget and financial analysis for multiple business units, and made monthly analytical reports.-Worked with external auditors to conduct compliance auditing and value-added consulting with an aim to increase productivity, minimize cost and control risk.-Provided financial, due diligence and management consulting services. Show less

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  MarchFIRST Enterprises

  Jan 1999 - Jan 2000

  Strategy Consultant

  -Developed and maintained financial forecast models and administrated Pillar budgeting database for one of the leading financial institutions in US.-Reviewed, analyzed, and recommended profit-enhancing strategy, and prepared comprehensive P & L reports for multiple public companies.-Audited risk management and internal control process for a Fortune 500 energy company.

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  Nortel Networks Corp.

  Jan 2000 - Jan 2004

  Senior Costing Analyst

  A self-starter in a challenging new position enabled the smooth financial transactions in excess of 1 billion dollars; “Teamwork and Collaboration Award 2002” by Nortel Financial Council. -In charge of sustaining cost analysis regarding products and materials, including making cost estimates, verifying cost accuracy, and providing product information.-Conducted monthly price variance analysis, identified the root causes, and generated result packages to senior management; took corrective actions for all company entities in N. America, Europe and Asia, adjusted improper accounting entries.-Audited Asia business/financial process, with the goal of reducing costs through streamlining the operations. -Reconciled inter company transactions by matching records in various databases, such as SAP, Oracle, Baan, IET etc.; identified all variances and provided variance analysis reports. -Involved in the ongoing SAP development project to ensure that inter-company transactions were conducted in a timely and effective manner.-Responsible for establishing and maintaining adequate internal controls and procedures over product costing and financial process, helped draft SOX (Sarbanes-Oxley Act) control toolkits, and provided an assessment as to whether the internal controls over product costing and financial reporting were operating effectively in compliance with SOX. Show less

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  Cygnal Technologies Corporation

  Jan 2004 - Jan 2006

  Senior Financial Analyst

  Played a key role in corporate revenue consolidation and recognition; being the corporate financial power user of JD Edwards system.-Provided analytical support in the areas of accounting, invoicing, profit recognition, inventory and project management, ensuring consistent and correct application of corporate policy.-In charge of month end closing activities, analyzed a set of G/L accounts and prepared working papers to support.-Analyzed income statement and balance sheet, identified high variance items and presented analytical results to executives.-Reconciled revenue/COGS accounts as well as balance sheet accounts, and posted corrective entries.-Oversaw project budgeting and forecasting to ensure that revenue and cost were recognized in a correct manner; Conducted and coordinated monthly growth profit analysis for Central, East and West regions.-Reviewed contracts to determine the profit recognition methods and ensured the financial reporting was in compliance with GAAP.-Troubleshot errors within ERP/JDE and recommended solutions for the Improvement. Show less

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  Toyota Canada Inc.

  Jan 2006 - Jan 2007

  Senior Financial Analyst

  Reduced monthly inventory variance from five million to thousands; recovered millions of dollars from vendors by negotiating and identifying favorable payment terms.-Identified Legacy to new ERP system issues, recommended solutions and support initiatives to address the root causes.-Processed and reconciled daily vehicle interfaces relating to vehicle purchases and vehicles sales. -Monitored and resolved any missing Cost of Sales and Inventory/COS relief issues arising from daily interface files; Reconciled daily purchase/sales between TCI and its affiliates.-Prepared quarterly forecasting, yearly budgeting and five year business plan. Show less

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  Ontario Centres of Excellence

  Jan 2007 - Jan 2019

  Manager, Financial Planning and Performance Management

  Implemented and executed corporate performance management system with increased productivity, improved process, more satisfied customers and better financial result-Led and managed the financial planning and management reporting process, analyzed the variance, presented findings and recommendations; acted as a subject matter expert on budget and forecast; coordinated the preparation of OCE’s strategic and business planning process. -Provided executive team with consultation, financial support, business case analysis and recommendations for long- and short- term decision making. -Implemented corporate performance management system and balanced scorecard, tracked and reported key performance indicators, analyzed the results and drove the improvement on the performance. -Oversaw OCE’s contractual reports to various government ministries, universities and funding agencies, and played a key role in securing hundreds of millions new funding.-Provided project reporting, identify issues and recommended actions to deliver OCE’s core investment portfolio; reviewed and analyzed new project contracts and proposals and made recommendation on financial terms and conditions; acted as finance lead on new programs/partnerships. -Designed/reviewed corporate risk management strategy and mitigated the risk with proper insurance coverage. Show less

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  Tearfund Canada Inc.

  Jan 2019 - Jan 2021

  Manager, Finance and Administration

  In charge of full cycle accounting, including Financial Statements, Month End Closing, Bank Reconciliation, Payroll, Tax Planning, Statutory Filling, Cash Management, International Transactions and Annual Audit; Supervise AP and Office Administration team; Led and presented corporate budget and strategic plan.

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  Arthritis Society Canada

  Jan 2022 - Jan 2023

  Senior Manager, Finance

  Led corporate finance team in the areas of budgeting/forecast, variance analysis, financial reporting, auditing, and provided financial support and advise to the leadership team and business divisions.

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  Ontario Arts Council

  Jan 2023 - now

  Director of Finance and Corporate Services

  A senior leadership team member reporting directly to the CEO, with full responsibility for the organization’s finance, risk, and operations functions. Leads the development and execution of strategic, financial, and operational plans, as well as risk management strategies, ensuring alignment with corporate priorities. Manages and oversees the Finance, Information, and Operations teams.