Sophia Yao CPA

Experience

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  AZ Trading

  Aug 2010 - Jul 2012

  ACCOUNTANT

  • Processing daily A/P transactions, create CM/DM, monthly employees’expense reports, managers’ bonus, sales agents’ commission and shareholders’ interest,accrue expenses for correct period based GAAP and industrial standards by using ERP system• Processing A/R transactions, volume rebate, making soft collection calls, depositing both USDand CAD cheques, processing credit card payment, and release orders• Handling four divisions’ sub-ledger accounts, maintaining general ledger, and doing recurringand standard JEs for daily recordings and monthly end adjustments• Reconciling CDN and USD bank accounts and other balance sheet accounts monthly, preparingJE for the adjustments & G/L transactions, also preparing weekly management report & monthlybanking report• Paying monthly WCB/WSIB, insurance, online filing monthly HST returns• Maintaining time cards and vacation sheets, calculating payroll (T4, T4A,ROE)• Assisting to consolidate four divisions accounts, generate draft monthly financial statement,preparing audit working paper• Handling the other two related international trading company (Hong Kong) and managementcompany bookkeeping; and reconciling inter-company transactions Show less

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  MDA

  Jul 2012 - Oct 2014

  Project Accountant

  • Generate accurate and timely project budgets for Project Manager/Business Area/Corporate approval • Generate fiscal performance forecasts for both existing projects and assigned planning projects for annual budget and half year formal update • Provide forecasts for gross revenue, contribution, and cash flow on a monthly basis • Produce monthly reports including Cost Trend, A/R, milestone status, updates to the fiscal budget, etc. • Maintain and reconcile project cost reports; Co-ordinate invoicing and billing schedules • Assist Project Managers in the preparation of the project plan, progress reports, etc. • Co-ordinate with Project Managers and Finance/Contracts departments to ensure all financial instruments are up-to-date and reflect project requirements • Track, in detail, all commitments, purchases and outstanding items and arrange shipping/customs details and documentation Show less

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  OSI Maritime Systems

  Oct 2014 - Feb 2022

  Financial Controls Manager

  • Leads the monthly forecasting cycle, the annual strategic planning/budget and long-range plan. • Provides all aspects of FP&A, strategic business and financial reporting to executive management team and external parties• Creates and improves financial models for budgeting, forecasting, trend analysis & strategic business initiatives to support the growth of the business • Support the development of the business targets and budget, develop Financial Performance Review report, identifies opportunities for resource utilization (labor & FT). • Maintains project budget, provides project leadership regarding the cost control and schedule control, evaluate profitability and performance of the project against budget • Investigates program variances, prepares variance reports and consolidation reports (with EVM/trend analysis) • Leads the collection and manage the cash flow forecast (inflow and outflow).• Prepares projects revenue calculations and monthly revenue and GM analysis• Develops KPI, clarifies priority and operation objectives in terms of financial impact• Identifies business needs and determining solutions to business problems.• leads, supervises and mentors a team for financial analysis, cost control and cash management forecast. Show less

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  Vard Electro

  Feb 2022 - May 2023

  Senior Manager, Finance and Accounting

  • Responsible for directing and oversight of the organization's financial and accounting functions, including accounts payable, accounts receivable, project accounting, all statutory and regulatory filings, payroll administration and processing.• Oversee the organizations strategic financial planning, budgeting & forecasting, cash management.• Oversee monthly and year end processes and consolidation.• Develop and utilize forward-looking, financial models and financial analyses to provide insight into the organization's operations and business plans.• Identify key revenue trends through a combination of research, discussions with multiple stakeholders.• Develop, implement, monitor, and report on key business performance indicators• Analyze and report on financial performance and operating results, highlight opportunities for improvement, and make recommendations• Build strong internal control processes, assess, and manage and minimize risk• Develop and maintain a work environment that fosters excellence, continuous improvement, and growth• Consider and advise on benefits and implications of working in a cross-border environment.• Continuously improve the financial processes to gain efficiencies and identify areas of productivity through automation • Prepare and review monthly and year-end financials for Canadian and US operations. • Management of the internal and external audit process• Implementation of a new ERP system, process improvements and automation Show less

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  Powertech Labs Inc.

  May 2023 - now

  Director of Finance