Carl Xu, CPA, CGA, MPAcc

Experience

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  Brudner Herblum & McDougall LLP Chartered Accountants

  May 2013 - Aug 2013

  Staff Accountant

  • Completed compilation engagement and corporate tax return for clients • Established all sections of working paper, including A/R, Prepaid, Capital assets, Loans, A/P, Tax, Revenue and Operating expenses with supporting documentations using CaseWare• Imported Trial Balance from QuickBooks/Excel to CaseWare and prepared adjusting entries• Prepared financial statements in CaseView and performed reconciliation

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  Toronto International Film Festival

  Sept 2013 - Dec 2013

  Finance Analyst

  • Performed financial analysis, G/L reconciliations and variance analysis to support decisionmaking• Reviewed the G/L entries to ensure the proper accounting standards applied• Supported annual forecasting and planning activities and provided recommendations to improve the efficiency of business operations

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  RBC Capital Markets

  Dec 2013 - May 2017

  • Closely monitored loan principal, interest accrual and re-calculated fees/interests when there's a pricing/credit rating change• Monitored and analyzed financial information and updated credit margins, borrowing bases and commitments based on Credit Agreements• Provided operational support based on the notices received, accurately and timely processed loan transactions, rate settings (Prime/Base/LIBOR/CDOR), and primary/secondary assignments based on Credit Agreements• Developed, enhanced and maintained relationships with clients by providing timely and accurate information and solutions for their questions/requests• Liaised with front offices, tax team, legal counsel by providing support on deal closing Show less

  • Analyst, Syndicated Loans

    May 2014 - May 2017

  • US Withholding Tax Officer

    Dec 2013 - May 2014
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  DLL

  May 2017 - Jul 2019

  Senior Financial Analyst, Financial Planning & Analysis

  • Lead annual financial planning and budgeting process and develop models and templates to forecast five years’ performance and KPIs for Canada office with $2 billion portfolio in total• Partner with business teams to ensure the accuracy of allocation methodologies and reconcile the budgeted accounts to appropriate G/L• Perform ad-hoc variance analysis and profitability analysis to identify potential areas of risks and opportunities to business partners/management team• Prepare accurate journal entries in time for month-end financial closing activities and consolidate financial statements for each business unit• Partner with the corporate business intelligence team to develop and implement the process improvement across finance teams• Perform financial analysis, margin analysis and scenario analysis for large deals and special vendors/dealers• Prepare and review working papers and journal entries to ensure proper accounting treatments in accordance with all standards and policies• Provide coaching and training to two junior analysts and serve as a point person for questions on daily work Show less

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  RBC Capital Markets

  Jul 2019 - Mar 2022

  Manager, Wholesale Financial Control
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  HSBC

  May 2022 - Jul 2024

  AVP, Market Risk, Group Regulatory Reporting
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  Bank of China (Canada)

  Jul 2024 - now

  Head of Finance Operations and Reporting