CINDY HUANG
Toronto,Canada
Summary
Strong background in accounting cycle and preparation of financial and management reports, with sense of ownership and commitment to tight reporting deadlines Highly motivated with the ability to consistently seek out improvements to processes and drive changes Strong analytical skills with the ability to interpret and leverage data for strategic decision-making Outstanding communication skills exercised through interacting with various business platforms, auditors, and all levels of organization Proficient with Microsoft Word, Excel, PowerPoint, other Microsoft Office tools and SQL
Overview
12
12
years of professional experience
Work History
Senior Manager, Forecasting and Planning
Bank of Montreal
08.2022 - Current
- Directed and executed a strategic roadmap for the implementation of forecasting models, resulting in a smooth integration of Bank of the West after the acquisition
- Provided insights into workforce planning, trend analysis, cost management against plan target, as well as to ensure alignment of forecasts with the organizational goals and objectives
- Spearheaded finance transformation initiatives for the implementation of a new planning tool to streamline resource management activities
- Partnered with the business to formulate a compelling business case for securing funding approval on transformation projects and track project spend for programs that are funded by corporate functions
- Established and maintained strong relationships with key stakeholders, fostering collaboration across departments for data-driven decision-making
Associate Director, Quants-Technology-Services Advisory
Royal Bank of Canada (Capital Markets)
01.2022 - 08.2022
- Liaised with finance stakeholders to complete end-to-end annual financial budget and 5-year strategic planning in order to align with priorities for multi-year technology projects
- Built financial analysis on business operating performance, identified cost drivers on variances against committed plan spend, and delivered cost reporting on technology spend in supporting executives’ decision making
- Analyzed cost allocation, tracked under/over recovery from MIS allocation and reviewed work-month-rate model for cost recovery
- Coordinated with Platform finance team in conducting periodic review on capitalization rates, amortization periods, depreciation start date and impairments for development projects
- Partnered with Platform finance team in developing control framework for large programs including tracking of project activities in MIS, funding approval, and SOW and contractual agreement review
Associate Director, Wholesale Platform Finance
Royal Bank of Canada (Capital Markets)
04.2019 - 01.2022
- Provided oversight of the financial control environment, and facilitated assessment on the design effectiveness for SOX internal control processes with the corporate and external auditors
- Produced analysis to identify key business drivers and generated insights to support the Capital Markets business, including revenue analysis, cost management and balance sheet optimization
- Assessed impacts on financial reporting requirements in light of accounting policy changes, and established policies to ensure reporting in accordance with enterprise practices and IFRS
- Reviewed data flows of reporting processes, identified control weaknesses, and built new compensating controls to mitigate the operational and reporting risks
Manager, Wholesale Financial Control
Royal Bank of Canada (Capital Markets)
02.2017 - 03.2019
- Drove forward the continued improvement of financial and regulatory reporting processes, monthly GL attestation, and internal governance control for Capital Markets & Treasury businesses
- Acted as subject matter expert for securities, derivatives, funding, intergroup activities and provided timely support to Front Office leaders on complex accounting issues
- Analyzed the effects of IFRS 9 adoption, reviewed financial products and system requirements, and established control processes for successful implementation of IFRS 9
- Acted as primary liaison between project team and IT team in multiple data system migration projects to satisfy the reporting needs, and achieving project milestones
Assistant Manager, Statutory and Regulatory Reporting
Royal Bank of Canada
08.2015 - 02.2017
- Consolidated financial results for the preparation of quarterly and annual note disclosures and Management Discussion & Analysis
- Performed variance analysis on business platform submissions to identify misstatements, assessed impacts, and drove resolution of these issues
- Built positive working relationships with business platforms to assure understanding of reporting processes and compliance with statutory and regulatory reporting requirements
- Partnered with IT team in the automation initiative to streamline the calculation of management tax allocation for greater accuracy and efficiency
Reporting Analyst
Questrade Financial Group
08.2014 - 08.2015
- Prepared consolidated balance sheet and income statements in accordance with IFRS
- Participated in capital budgeting and planning activities, monthly rolling forecast reporting, and analyzed actuals against forecast / plan supporting Wealth Management business
- Advanced business results through effective ROI, sensitivity and break-even analysis for assisting senior management to prioritize projects that are properly aligned with corporate strategy
- Engaged in Enterprise Resource Planning (ERP) system implementation, documented process requirements, and obtained user feedbacks for further enhancement within given timeline
Finance Associate
Questrade Financial Group
04.2013 - 08.2014
- Produced legal entity financial statements for subsidiaries, and ensured robust documentation of reporting processes and internal controls
- Worked in partnership with legal counsels and external tax advisors to finalize agreement and assess tax impact for a $1M asset-sales project
- Enhanced financial forecast model by minimizing error-prone manual processes to achieve higher process accuracy, and 50% reduction in rolling forecast preparation time
- Led HST self-assessment project by validating financial data and calculations, and refilling monthly tax returns for the past 4 years
Education
Master of Business Administration -
Toronto Metropolitan University
01.2017
Bachelor of Business Administration - Coop Management
University of Toronto
01.2010
Skills
- Strategic planning
- Cross-functional collaboration
- Operations management
- Cross-functional team coordination
- Data-driven decision making
Timeline
Senior Manager, Forecasting and Planning
Bank of Montreal
08.2022 - Current
Associate Director, Quants-Technology-Services Advisory
Royal Bank of Canada (Capital Markets)
01.2022 - 08.2022
Associate Director, Wholesale Platform Finance
Royal Bank of Canada (Capital Markets)
04.2019 - 01.2022
Manager, Wholesale Financial Control
Royal Bank of Canada (Capital Markets)
02.2017 - 03.2019
Assistant Manager, Statutory and Regulatory Reporting
Royal Bank of Canada
08.2015 - 02.2017
Reporting Analyst
Questrade Financial Group
08.2014 - 08.2015
Finance Associate
Questrade Financial Group
04.2013 - 08.2014
Bachelor of Business Administration - Coop Management
University of Toronto
Master of Business Administration -
Toronto Metropolitan University
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