Catherine Saverimuttu
North York,ON
Summary
Active in CPA with over six years of experience in accounting and finance, working for financial and government corporations in Toronto. Core competencies include financial reporting, business analysis, reconciliations, budgeting, forecasting, variance analysis, and compliance.
Hands-on experience preparing and examining financial statements- IFRS and US GAAP, multi-currency for multiple entities. Assist statutory reporting OSFI and risk reporting. Focus on business process improvement to increase productivity and efficiency.
Experience in multiple ERP systems and reporting tools. Active in Data Analytics, Financial Planning &Analysis (FP&A), Power BI, and SQL Certifications.
Self-starter who contributes to the maximum alone and as a team member to achieve the company goals. Excellent communication and leadership skills.
Overview
15
15
years of professional experience
Work History
Accountant 11
Intact Financial Corporation
07.2023 - 12.2023
- ORACLE, BI, Excel, AS400
- Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts. Balance Sheet reconciliations, Reporting, Testing, and documentation.
- Support Bank, Commission Receivable, Commission payable reconciliations, and follow-up with appropriate business unit teams to resolve discrepancies.
- Assisting ERP system implementation, tagging, and mapping.
- Process improvement and documentation for operational Audit.
- Assist ad hoc requests from team members. Assisted in reducing
- Enhanced financial decision-making capabilities by providing timely, accurate information to management.
Accountant Financial Reporting
Toronto Police TPWOF
03.2022 - 06.2022
- TPWOF Investments: Capital Market/Mutual fund and Insurance (Consulting)1st Qtr.Financial.-(Remote), Quick books, Excel
- Enhanced financial reporting accuracy by streamlining reconciliation processes and improving data analysis. Full-cycle Accounting, month/Qtr. &Year end close activities.
- General Ledger account reconciliation, financial reports, and journal entries preparation.
- Investment reconciliation based on IFRS 9, Pooled Funds, Fixed Assets CAPEX/OPEX, Leases IFRS 16, Bank, Payroll, Prepaids, PST / GST and Corporate Tax filing, Revenue, Insurance, Pensions, Liability Provisions, Accruals, and Expenses.Preparation of Financial statements.
- Overseeing AP and AR, maintain Continuity schedules, leads sheets/Working papers, SOX documentation and implemented process improvement
- Report CFO on Financial & Management Reporting.
- Update Budgeting, Forecasting, and Variance Analysis.Revise accruals and allocations based on budgets.
Sr Accountant
TD SECURITIES
07.2021 - 09.2021
- Investments (Capital Market)
- Peoplesoft, Hyperion (HFM) ESSBASE, Coins, AS 400.Excel
- Assisting full cycle Securities Accounting, Month End Close reconciliations
- And preparing SOP, SOX documentation for TD Securities and TD Wholesale transactions
- Preparing, and analyzing accounting records, for accuracy, completeness, and conformance to reporting and procedural standards.
Investments Accounting and Reporting Lead
ONTARIO HERITAGE TRUST
03.2021 - 06.2021
- Ministry of Heritage, Sport, Tourism and Culture industries)-Great Plains Microsoft Dynamics D365, Excel, FRX .
- Working with KPMG auditors creating Excel model aligned with PSAC 3450 Investment Accounting & Reporting standard, preparing Audit binder, and Audit lead sheets for YE Audit.
- Responsible for automation of Investments Accounting and Reporting and month-end and year-end close activities.
- Prepare general ledger account reconciliation, financial reports, and journal entries for Investments.Building an excel model for Investments, work in collaboration with E&Y Auditors
- Analyze Accounting Records, Reconciliations, Leads Sheets, Financial Statements, and Mutual Fund Statements to endure accuracy and completeness of recording investment transactions
- Dealt with Pooled funds, Capital Market Securities, Redemptions, GST payable, Management fees, and Fund allocations
- Moving from Amortization to Fairvalue method of accounting. Develop, implement, modify, exciting accounting systems: Reconciliation, reversing old chart of accounts and creating new chart of Accounts for investments alien with OHT Accounting Policy and PSAS 3450 Accounting Standards
- Allocating investment Income (Dividends, Interest) and Unrealized Gain /loss of Investments for Management Reporting and Fund Accounting
- Preparing Year-end Close JE's, Financial Statements, Continuity Schedules for Investment Inventory
- Creating Lead sheets, Audit Binder, SOP and SOX documentation for Investments.
Sr. Accounting Analyst
MANULIFE FINANCIAL
08.2020 - 10.2020
- UAT Testing Securities Accounting Investments-Capital Market IFRS 9, USGAAP, STAT, TAX
- Assisting in UAT of implementation of new Securities AABOR system. Ensure accounting treatment for securities are in line with regulatory requirements across multiple accounting bases (e.g., IFRS, USGAAP, Statutory, and Tax)
- Using various Investment platforms including Bloomberg and others for designing and testing
- Collaborate with various business partners such as Trade Operations, Investment Systems and Corporate Controllers for testing special transactions.
Business Analyst
CIBC: Treasury & Liquidity Management
01.2012 - 12.2014
- Capital Market, Derivatives, Investments (Consulting)-Project Basel 11 &111.Data Compliance Act
- NCCF, LCR, NSFR Automation-ORACLE-BI, Excel, SQL, Tableau, People Soft
- Support Treasury and Liquidity Management team in implementing new Basel 111 requirements
- Assist in OSFI Risk and Capital Adequacy Reporting-NCR, NCCF, LCR, NSFR Liquidity Ratio calculations
- Credit Risk analysis based on Internal and External Credit Rating, Maturity buckets, and Impairment testing
- Analyze, and identify control gaps in processes to improve the Basil 111 &11 requirements
- Summarize & document the findings, and provide status updates and recommendations for correction
- Ensure consistency and deviations are within threshold rule (80/20) based on Technical and Accounting aspects
- Actions are taken based on Cost-Benefit perspective
- Such as Cording errors are only informed and not corrected
- Performing Month-end Close GL reconciliation, Variance analysis, and preparing Manual JEs to correct mapping issues in Financial and Statuary reporting for Investments
- Analyzing Fixed Income/Derivatives, OTC /Equity, Bonds, Equity, Repo, Reverse Repo, Security Borrowing, Lending, Netting, Collaterals, Structured Credits
- Mortgage Back Securities (MBS), Asset Back Securities (ABS), On Balance Sheet (Assets & Liabilities), Off-Balance Sheet & P&L items
- Assisting in SOX walkthrough & detailed testing required by Internal and external auditors
- Provide suggestions for Improvements
- Update and Maintain Treasury GL reconciliations and Policy Manuals
- SOP and Sox documentation for Investments
- Also, assisting in Management Reporting, Mortgages, and Loan reconciliation
- Performing UAT Testing for New System Implementation of ORACLE BI
- Effectively manage projects through concise and effective communication avenues
- Back to school: CGA
Financial Analyst
Sun Life Financial, Reinsurance
09.2010 - 12.2011
- Investments, Capital Market-Investments
- IAS 39-9, IFRS 7, USGAAP, CGAAP, SOX
- ORACLE Financial
- Responsible for Accounting, Financial & Statuary Reporting of closing down Ireland Branch Reinsurance Investments
- Responsible for Month-end close Reconciliations and Financial Reporting based on IAS39, IFRS 7, U.S.GAAP, CGAAP in multi-currency (USD, GBP, AUD, CAD) for Ireland branch Investments.MD&A notes for Investments as per IFRS 7
- Reconciliations are prepared in Excel using post-trading data provided by State Street and uploaded into Oracle using Macro built-in templates
- Responsible for reconciliation of Multiple Bank accounts in multi-currency
- Initiate settlements and wire transfers for disposal of securities
- Perform Fund Transfers, Opening, and Closing bank accounts, and Intercompany settlements. Prepare JEs for Corporate Dividends, Interest, Realized/Unrealized Gains/Losses (MTM), Foreign Currency adjustments, Impairment losses write-offs Purchases & Disposals.Create, Update, Maintained Continuity schedules and Audit Binders for month-end
- And prepare SOX documents for High-Risk Balance Sheet items such as Cash, Investments and Unrealized gains
- Prepared Regulatory & Statistical Schedules for OSFI, SEC for Investments and Insurance
- Assisting Premium, Commissions, Claims, Clearing, Reserves, Losses, Treaty, Ceded reconciliations for Insurance Financial Reporting
- Perform Risk analysis based on internal and external credit ratings and key rations- GEARING, LOSS RATIOS, MCCSR, S&P, Internal & External Rating
- Also assisted in Premium tax calculations and various Management reporting Analysis for Investments and Insurance
- Streamlined financial reporting for better decision-making with clear, concise analysis and presentation.
General Accountant
L-1 Identity Solutions
05.2010 - 08.2010
- IFRS, U.S GAAP, CGAAP, SOX-ORACLE Manufacturing, Visual, EXCEL (Multi-currency)
- Responsible for month-end close process, overseeing AP & AR, and producing U.S GAAP, CGAAP Financial Statements in Multi-currency
- Preforming monthly Financial & Management reports, reconciliations, and analysis
- Maintaining Continuity schedules and Audit binders for Fixed Assets (PP&E), Bank, Bad debt Provisions, Accruals and Deferrals, and Intercompany. Oversee and supervise AP and AR.GST, PST tax calculations and submissions
- Updating Financial and Management Reporting modules
- Preparing periodic reports and analysis for cost allocation by segment with focus on business drivers
- Reallocation of Cost centers to achieve cost reductions and prepare GL entries to reflect reporting changes.
- Perform Monthly Performance, Variance and Trend Analysis.
Intermediate Accountant
AIG Insurance, Capital Market
07.2008 - 02.2010
- IAS 39-9, IFRS 7, 9, USGAAP,CGAAP, Multi-Currency
- SAP, COGNOS, CRUSE, AGRESSO, EXCEL, BLOOMBERG, Excel
- Investments &Segregated Funds/Mutual funds
- Responsible for producing Month-end close Reconciliations and Financial Reporting for Investments in U.S
- GAAP, GAAP, IFRS 7, IAS 39 Financial Statements in multi-currency (USD, GBP, AUD, CAD)
- Notes provided for MD &A and Movements in Shareholders Equity
- Investments include HFT, AFS, HFT Bonds & Equity, GIC, Mutual Funds, and Segregated Funds
- Extracting data from multiple Trading and Accounting systems to Excel to prepare monthly GL Reconciliations
- Maintained Continuity schedules for Fixed Assets, Accruals, Prepaids, Intercompany, Corporate Dividends, Interest, Realized/Unrealized Gains/Losses (MTM), Foreign Currency adjustments, Impairment loss write off
- Reconciling Multiple Bank Accounts, Fund transfers, Goodwill, Suspense Accounts
- Investment Purchases, Disposals, Withholding Tax on Shares & Intercompany settlements
- Assisting with OSFI, SOX and other Regulatory & Statistical Schedules for Insurance and Investments
- Maintained Audit Binders for Financial Statements, and deal with internal auditors during month-end
- Responsible for Credit Risk Analysis based on S&P 500, Internal & External rating
- Assisting Risk analyses -MCCSR, LOSS, GEARING ratios and Statuary Reporting for Investments
- Assisting internal and external auditors in preparing year end working papers
- Recording audit adjustments and management fees.
- Increased efficiency of month-end closing procedures through proactive management of deadlines and thorough preparation for audits.
- Maintained accurate general ledger entries by regularly updating account reconciliations and journal adjustments.
- Ensured compliance with tax regulations by accurately preparing and filing required documentation within established deadlines.
- Enhanced financial reporting accuracy by streamlining reconciliation processes and improving data analysis.
Education
Master of Arts - Accounting
CPA ONTARIO
Toronto, ON10.2028
Certification - Data Analytics And Programming Certification
George Brown College
Toronto, ON02.2024
Bachelor of Arts - Accounting And Business Management
Ryerson University
Toronto, Ontario10.2020
Bachelor of Arts - Management Accounting.
CIMA-UK
UK01.2016
Skills
- TECHNICAL SKILLS:
- Certifications (Active): Power BI, Financial Analysis and Planning, Data Analytics
- Accounting Standards: IFRS, CGAAP, US GAAP, PSAC, ASPE
- ERP Systems: SAP-FI &CO, Oracle Financial/Manufacturing, People Soft, Great Plains Microsoft Dynamics D365Financial Modelling by Marquee Group
- Other: Visual, Cognos, Cruse, Agresso, AS 400, GLDM, CFR, SIR, ECMF, EDSF, Hyperion
- Excellent Excel skills- Deal with Large Volumes of Data-Pivot tables, V lookups, Formulas-ISNA, MATCH, What IF
- Reporting Tools: Hyperion, FRX, Oracle Business Intelligence (BI), Bloomberg
- SQL (Intermediate), Tableau, Audit- ACL & Case Ware
Languages
English
Full Professional
Timeline
Accountant 11
Intact Financial Corporation
07.2023 - 12.2023
Accountant Financial Reporting
Toronto Police TPWOF
03.2022 - 06.2022
Sr Accountant
TD SECURITIES
07.2021 - 09.2021
Investments Accounting and Reporting Lead
ONTARIO HERITAGE TRUST
03.2021 - 06.2021
Sr. Accounting Analyst
MANULIFE FINANCIAL
08.2020 - 10.2020
Business Analyst
CIBC: Treasury & Liquidity Management
01.2012 - 12.2014
Financial Analyst
Sun Life Financial, Reinsurance
09.2010 - 12.2011
General Accountant
L-1 Identity Solutions
05.2010 - 08.2010
Intermediate Accountant
AIG Insurance, Capital Market
07.2008 - 02.2010
Master of Arts - Accounting
CPA ONTARIO
Certification - Data Analytics And Programming Certification
George Brown College
Bachelor of Arts - Accounting And Business Management
Ryerson University
Bachelor of Arts - Management Accounting.
CIMA-UK
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