Summary
Overview
Work History
Education
Skills
Timeline
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Devanshu Shaily

Toronto,Canada

Summary

Versatile Finance Professional with 6+ years of experience, demonstrating expertise in financial planning, treasury management, fundraising, and compliance. Successfully secured $17M USD through strategic initiatives, expanded finance operations, and led the launch of a US subsidiary. Proven leader with a track record of overseeing all aspects of the finance function, driving operational excellence, ensuring regulatory compliance, and delivering actionable financial insights to support business growth. Adept at aligning finance operations with organizational goals to optimize performance. Aspiring to be a transformative leader in finance, fueled by a commitment to continuous learning, innovation, and operational excellence.

Overview

5
5
years of professional experience

Work History

Post-Acquisition Integration Lead (Finance & HR)

Apple Inc.
Waterloo, Canada
01.2024 - Current
  • Prepared and submitted all Canadian/U.S. Payroll tax filings and facilitated the completion of Canadian/U.S. Income tax filings, ensuring timely and accurate compliance with regulatory requirements.
  • Managed the preparation and distribution of closing payments along with the required government reporting, facilitating a smooth financial transition for all stakeholders.
  • Led the migration and integration of financial and HR data and systems, streamlining operations and ensuring appropriate data retention.
  • Liaised with various government agencies to ensure the seamless transition and compliance of government accounts during the post-acquisition phase

Head of Finance

DarwinAI Corp.
Waterloo, Canada
09.2019 - 01.2024
  • Lead the growth and development of the company's finance function, managing a comprehensive range of responsibilities spanning accounting, controllership, taxation, and finance
  • Provided cross-functional leadership, offering support in HR-related tasks, contributing to streamlined operations and enhanced team collaboration
  • Revamped the company's time tracking process, leading to a 50% increase in government grants through claimable R&D hours
  • Managed full spectrum of FP&A duties, encompassing detailed financial forecasting, strategic budgeting, variance analysis, and the creation of financial models to inform executive-level decision-making
  • Provided strategic financial input and leadership on decision-making issues affecting the company
  • Managed comprehensive investor and stakeholder financial reporting, ensuring accuracy, timeliness, and adherence to compliance standards
  • Orchestrated the annual financial review process, leading to 20% faster completion of audit and financial statement preparations compared to previous years
  • Played a key role in financial planning and fundraising, resulting in securing $17M USD through a combination of fundraising assistance, government funding programs (National Research Council), Supercluster programs (Next Generation Manufacturing Canada), and government tax credits (Scientific Research and Experimental Development)
  • Managed the capitalization table and oversaw the employee stock option pool, maintaining meticulous records of company ownership, equity dilution and distribution
  • Ensuring the ESOP was managed and utilized effectively, enhancing employee motivation and commitment
  • Facilitated the 409A valuation process, implementing rigorous methodologies and compliance measures to ensure accurate and fair valuation
  • Setup and managed all aspects of US payroll and tax compliance, ensuring employees were paid accurately and on time, and submitting all necessary documentation in a timely and accurate manner

Education

Certified Public Accountant (CPA) -

Chartered Professional Accountants of Ontario
ON, Canada
10.2024

Bachelor of Arts - Accounting And Financial Management

University of Waterloo
Waterloo, ON
06.2020

Skills

  • Strategic Financial Planning & Analysis
  • Financing and Capital Management
  • Project Management
  • Audit & Compliance
  • Financial Reporting
  • Leadership & Team Management
  • Treasury Management
  • Valuation & Equity Management
  • Risk Assessment & Mitigation
  • Tax Management

Timeline

Post-Acquisition Integration Lead (Finance & HR)

Apple Inc.
01.2024 - Current

Head of Finance

DarwinAI Corp.
09.2019 - 01.2024

Certified Public Accountant (CPA) -

Chartered Professional Accountants of Ontario

Bachelor of Arts - Accounting And Financial Management

University of Waterloo

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Devanshu Shaily