Scott S. Siegner, CPA - CMA

Experience

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  TOYOTA CREDIT CANADA INC

  Dec 1990 - Jan 1997

  Accounting Manager

  Reporting to the VP of Operations. Responsible for overseeing integrity of financial statements and data. Focused on process management and reporting. Managed a team of 4. Accomplishments: •Assisted the original Accounting Manager to establish the Toyota Credit Canada Inc. Accounting Dept. from company’s inception including hiring and training staff, implementing internal controls, and coordinating Platinum software installation to implement computerized accounting system. •Worked closely with Treasurer concerning all debt and investment accounting and established procedures.•Cleaned up Lease portfolio loss provisions after first 4 year cycle resulting in $1 MM to bottom line.•Coordinated annual audits and trained staff on preparation of good working papers resulting in consistently clean audits.•Developed, documented, and implemented internal controls and performed internal audit of transactions.•Became subject matter expert in Platinum accounting software and performed all trouble-shooting when required.Responsibilities:•Prepared Financial Statements, results analysis, and reporting locally and abroad (monthly and annually).•Managed all bond and derivative accounting (JE’s, amortization schedules, reconciliations, analyses, and audit files).•Managed A/P, A/R, and G/L activities including account maintenance, reconciliations, journal entries, external system interface, deposits, commodity tax filings and cash flow reporting.•Coordinated period-end closures and the annual external audit including preparation and review of all working papers.•Calculated monthly Corporate Tax accruals and prepared annual returns.•Trained, developed, cross-trained and evaluated staff.•Liaised with HR Dept. regarding payroll issues and record keeping.•Member of Corporate Credit Committee evaluating dealer credit applications and current status.•Facilities management (i.e. furniture purchase and maintenance, premises cleaning) Show less

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  PAGEMART CANADA LIMITED

  Jan 1997 - Jan 1998

  Senior Corporate Accountant

  Reporting to the Director of Finance. Responsible for assisting with day to day accounting and organize month-end activities with other staff including G/L and sub-ledger maintenance and training.Accomplishments & Responsibilities: •Established proper accounting for leased assets portfolio comprising paging tower network.•Worked closely with third party Access Data Base consultant in setup and testing of sales commission tool.•Brought all bank reconciliations up to date and corrected all errors.•Assisted third party computer consultants in setup and training on Platinum Accounting software.•Analyzed billing data and review its impact on receivables, sales commissions and inventory.•Analyzed and reconciled Inventory and A/P accounts monthly and annually.•Assisted with identifying and correcting inventory handling and documentation procedures.•Monthly review and analysis of P and L and B/S accounts and preparation of Y/E Audit Working Papers. Show less

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  JVC Canada Inc.

  Apr 1998 - Mar 2008

  Deputy General Manager Accounting Division

  Responsible for preparation of all Financial Statements, results analysis, and reporting locally and abroad on a semi -monthly, monthly, quarterly, semi-annual, annual, and ad-hoc basis. Managed a team of 5. Accomplishments: •Leveraged Excel and SAP functions to significantly improve analysis work, forecast modeling, cash flow tracking and predictions, financial statement preparation, and other specialized reporting; resulted in time savings and calculations being more reliable. •Reviewed all contracts & vendor agreements, provided recommendations, and if needed solicited legal advice. This is an example of mitigating risk and safeguarding assets.•Addressed SOX and JSOX issues including the completion of questionnaires and documenting procedures for reporting. One of the only companies in the GTA that was up to date on SOX/JSOX issues in 2007.Responsibilities:•Managed all daily Treasury functions, Accounts Payable , and General Accounting activities.•Oversaw activities under the A/R, billing, collections and returns Manager.•Reviewed all new account applications, liaise with Sales, Service and A/R and approve/recommend credit.•All period-end closures and the annual external audit including preparation and review of all working papers.•Worked closely with IT Dept in audit of system transactions and testing system changes.•Participated in the securitization program by providing reports and monitoring progress. Liaised with the Financier.•Annual budget package preparation, monthly forecasting and reporting to local and offshore Management.•Assisted third party (PWC) in preparation of Corporate Tax liabilities and managed monthly commodity tax filings.•Addressed all electronic and packaging recycling programs including fee calculations and regular filings.•Developed, documented and implemented internal control procedures.•Trained, developed, cross-trained and evaluated staff. Show less

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  KINECTRICS INC

  Mar 2008 - Jun 2009

  Accounting Manager

  Reporting to the CFO. Responsible for managing and guiding daily accounting functions and providing in depth Tax provisions on a monthly basis. Focused on overseeing all daily Treasury functions, Accounts Payable, Accounts Receivable and General Accounting activities. Managed a team of 6. Accomplishments: •Provided quick continuity in an environment of high turnover and chaos.•Provided solid leadership and support to clerical staff.•Provided much needed guidance and training to new staff in subsidiary company during transition period.•Cleaned up old accounts not attended to due to high turnover.Responsibilities:•Managed daily accounting activities in (A/R, A/P, and general accounting), and staff supervision.•Monthly corporate income tax provisions for 6 legal entities including budget and forecasting requirements.•Assisted the CFO in Financial Statements preparation, analyses, journal entries and accompanying reconciliations.•Liaison with 3rd party consultants in the preparation and submission of all Canadian returns.•Responsible for controlling all new G/L accounts required especially intercompany accounts.•Liaised with HR department and IT department on various issues as they arise including system testing.•Assisted KPMG in preparation of annual SR&ED claims, data collection and liaison with internal personnel.•Managed process for Inter-company balancing and staff training.•Coordinated monthly period end closures and reviewed working papers.•Coordinated YE audit including assisting the Financial Reporting Manager in writing Notes to Financial Statements.•Developed, documented and implemented new internal control procedures.•Led special projects as assigned by CFO (i.e. Goodwill impairment, payroll costs analysis through consolidated financial statements, forecast and budget analyses, various ad hoc assignments. Show less

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  Candesco Corp.

  Dec 2009 - Aug 2010

  Financial Accounting Analyst

  Reporting to the CFO. Responsible for performing daily accounting functions, reviewing processes and providing recommendations for improvements. Focused on keeping the day to day accounting activities up to date and re-engineering processes to train permanent employees when hired. Accomplishments & Responsibilities: •Provided guidance to CFO who was not an accountant on proper GAAP and accounting best practices.•Provided immediate continuity with minimal training as predecessor left company within days.•Performed A/P, A/R, billings and general accounting activities.•Managed Inter-company process to ensure all postings were properly in SAP for consolidation with Kinectrics Inc.•Assisted CFO in month-end close and working paper preparation.•Trained new Financial Accounting Clerk and Financial Accounting Analyst. Show less

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  Kinectrics

  Aug 2010 - May 2011

  Director of Finance

  Reporting to the CFO. Responsible for managing and guiding daily accounting functions and providing in depth Tax provisions on a monthly basis. Focused on overseeing all daily Treasury functions, Accounts Payable, Accounts Receivable and General Accounting activities. Managed a team of 6. Accomplishments: •Identified key errors made by 3rd party tax preparers regarding book to filing adjustments and current statutory filings.•Provided in depth rate reconciliations that third party tax preparers could not provide.•Provided immediate continuity as predecessor left company by having the knowledge to take over with minimal training.•Researched GAAP for new transactions and provided CFO with recommendations.•Maintained continuity in a department wrought with high turnover, excessive hours & workload, staff shortages due to sickness, business expansion and heavy demands from Head Office.Responsibilities:•Managed daily accounting activities in (A/R, A/P, and general accounting), and staff supervision.•Monthly corporate income tax provisions for 7 legal entities including budget and forecasting requirements.•Assisted the CFO in Financial Statements preparation, analyses, journal entries and accompanying reconciliations.•Liaison with 3rd party consultants in the preparation and submission of all Canadian returns.•Responsible for controlling all new G/L accounts required especially intercompany accounts.•Liaised with HR department and IT department on various issues as they arise including system testing.•Assisted KPMG in preparation of annual SR&ED claims, data collection and liaison with internal personnel.•Managed process for Inter-company balancing and staff training.•Coordinated YE audit.•Prepared Pension Financial Statements and related notes for 2010 audit.•Developed, documented and implemented new internal control procedures.•Trained co-op student and new Tax Manager. Show less

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  Oshawa Public Utility Corp.

  Nov 2011 - Mar 2012

  Senior Financial Analyst

  Reporting to the Controller. Responsible for backfilling Accounting Manager’s role while on Maternity leave and assisting Controller re: work overflowAccomplishments & Responsibilities: •Budget package and all supporting schedules for the main company and subsidiaries leading to a consolidated package for 2012.•Ad hoc reporting and analyses as requested by the Controller.•Analyzed Fixed Asset movement and assisted in reconciliation of WIP.•Liaised with the IFRS PP&E conversion project Consultant on new Fixed Asset classifications as they pertain to IFRS and uniform standard codes (USA) in order to incorporate into the 2012 budget and develop and set up new G/L accounts in Great Plains in advance of year end restatement to IFRS.•Review of Year End schedules, assist in reconciliations, improved presentation, provided correcting entries, and preparation of audit binder. Show less

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  Lakefront Utilities Inc.

  Oct 2012 - Apr 2013

  Senior Financial Analyst

  Analyzing and updating complex bank reconciliations, reviewing procedures & processes and preparing recommendations for improvements.Setting up new budget templates for 2013 and assisting the Director of Finance and Compliance in preparation of the 2013 budget.Future projects will include bringing reconcilations up to date and preparing year end audit working papers.

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  Oshawa PUC Networks, Inc.

  Apr 2013 - May 2020

  Manager Financial Reporting

  Reporting to the Controller. Responsible for supervision of 3 accounting clerical staff (A/P, A/R and General Accounting), reporting, analysis and working with all levels in the company.Accomplishments:•Provided immediate continuity as predecessor left company by having the knowledge to take over with minimal training.•Improved Fixed Asset Portfolio additions process.•Improved analyses and reconciliations process among staff.•Worked with Stores Mgr to improve inventory reporting process and transformer movement process.•Improved Expense Analysis process.•Worked with Customer Service to adapt to changes in cash receipts process and designed new process.•Worked with Distribution Manager, Stores Manager and Tech Services Manager to put together an improved process for job costing review and closure.•Provided solid backup to payroll function and recommendations for improvements.•Key Finance representative on new Quadra system.•Worked with 3rd parties to design new analysis templates and upload templates for Fixed Assets.•Various Analysis projects for the Controller.•Organized records storage.•Cleaned up a variety of old accounts.•Lead the GL rebuild project when system crashed and months of data had to be re-assembled and re-entered.•Lead trouble shooting for Finance Software issues and security.Responsibilities:•Managed daily accounting activities in (A/R, A/P, and general accounting), and staff supervision.•Fixed Asset Portfolio Management for the Utility.•Job Cost Management for the Utility.•Monthly Expense Analysis and accruals.•Internal reporting on CapEx and Departmental Expenses.•Analysis and Reporting for CHP Plant.•Responsible for closing the Year for all companies in Great Plains.•Various monthly analyses and reporting internally.•Inventory accounting and reporting.•Payroll backup (utilizing JoPenny Time Tracking and Desjardin Payroll software).•Co-ordination of annual audit.•Other duties as assigned by the Controller. Show less

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  Valiant Rental Properties Limited

  Feb 2021 - Sept 2022

  Financial Controller

  Reporting to the General Manager and President: Responsible for supervision of 3 accounting clerical staff (A/P, A/R and General Accounting), reporting, analysis and working with all levels in the company. Accomplishments: •Provided immediate continuity as predecessor left company by having the knowledge to take over with minimal training. •Improved Monthly Expense Analysis and Accrual process. Responsibilities: •Manage daily accounting activities in (A/R, A/P, and general accounting), and staff supervision. •Fixed Asset Portfolio Management for the company. •Internal Financial Reporting and analysis for each property. •Monthly Bank Reconciliations for all properties.•Responsible for closing the Month and Year for all companies in Yardi. •Cash Flow reporting for ownership group internally and externally.•Distributions for ownership group internally and externally.•Manage monthly P&L analysis, Balance Sheet reconciliations and review.•Internal reporting to Management.•Key contact for all bank matters and manage all intercompany bank transactions.•Management and reporting on all HST matters.•Co-ordination of annual review and preparation of annual working papers. Show less

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  Ontario Shores Centre for Mental Health Sciences

  Sept 2022 - now

  Finance Manager