Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Personal Information
Timeline
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Hani Badra

Pierrefonds

Summary

Experienced with financial analysis, budgeting, and regulatory compliance. Utilizes strategic planning and leadership to optimize financial performance. Track record of driving efficiency and ensuring accurate financial reporting. Experienced financial professional with strong track record in driving financial strategies and managing budgets. Adept in financial reporting, analysis, and compliance. Strong focus on team collaboration and achieving results. Known for adaptability and reliability. Skilled in forecasting, risk management, and financial planning. Highly valued for strategic thinking and effective problem-solving.

Overview

16
16
years of professional experience

Work History

Financial Controller

Quadratec Injection Inc.
11.2021 - Current
  • Plan, direct and coordinate all accounting-related operational functions
  • Implementing a new ERP system (Acomba) in 2021 by transferring data from Sage 50 software and training employees to help them develop their technical skills
  • Cost analysis (production costs), including direct and indirect costs
  • Cash Flow Analysis and projection for short and long term
  • Maintain overall control and responsibility for all financial aspects of the business, analyze monthly financial statement figures and implement recommendations based on these results
  • Provide financial analysis and advise on all activities, plans, objectives and operational factors
  • In charge of Human Resources, payroll, hiring, organizing, training and managing employees
  • Month-end closing including bank reconciliation, general journal entries and GST/QST payments
  • Prepare annual budgets, establish short- and long-term cash flow projections, Manage Accounts Payable and Accounts Receivable, Control bank credit limit
  • Track expenses against budget, identify variances and take corrective action
  • Ensure budgeting processes are executed and reviewed monthly, and inform management of positive and negative variances
  • Prepare and discuss monthly financial reports with management at a monthly meeting
  • Year-end closing and preparation of documents requested by the external accountant with explanations of the year's results compared with the previous year's results, until the final financial statements are finalized
  • Ensure that the company meets the EBITDA (earnings before interest, taxes, depreciation and amortization) debt ratios requested by management
  • Implement a private Insurance Program for employees, starting November 1st 2022, as part of the Human resources plan for 2022
  • Improve Financial Statement Presentation by adding Ratios to the Balance sheet, as Current Ratio, Quick Ratio, Debt Ratio, Recovery Ratio and Debt/Equity Ratio
  • Successfully recover in 2022, 30K$ in GST and QST paid to the Government on Sales Invoices for over 200K$ to a client who went bankrupt in 2018, after presenting the evidences of the Bankruptcy to the Government
  • Reason for wiliness of departure: Quadratec is cutting administrative salaries, and will outsource my position to reduce costs

Financial Controller

Unimanix Industries Inc.
04.2019 - 11.2021
  • Plan, direct and coordinate all accounting related operational functions
  • Maintain overall control and responsibility for all financial aspects of the business, analyze monthly financial statement figures and implement recommendations based on these results
  • Cash Flow Analysis and projection for short and long term
  • Prepare monthly Sales Report and Salesperson Commission Reports, and prepare bi-weekly payroll and perform payroll data re-entry into NETHRIS payroll company site
  • Month-end closing including bank reconciliation, general journal entries and GST/QST payments
  • Prepare annual budgets, establish short- and long-term cash flow projections, manage accounts payable and accounts receivable, control bank credit limits
  • Ensure that budgeting processes are executed and reviewed on a monthly basis, and inform management of positive and negative variances
  • Prepare and transfer monthly financial reports to management and the Financial Institution
  • Close the fiscal year and prepare the year-end closing documents requested by the external accountant (HARDY NORMAND), providing explanations of the year's results compared with the previous year's results, until the final Financial Statements are finalized
  • Ensure that the company complies with the EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) debt ratios requested by the financial institution
  • Involvement in the financial process (Cost Analysis) of the PAX-100 product (Electrostatic Sprayer) at the beginning of the COVID-19 Pandemic, which added sales of $2.4M in 5 months to the end of the fiscal year ending January 31, 2021
  • Prepare the process for the closure of the Ontario subsidiary in January 2020, with the transfer of assets and obligations to the parent company, and finalize the closing financial statements with the external accountant
  • Manage the Accounting aspect of the sale process of Unimanix Industries to a new buyer (Easy Kleen) with the closing of the Balance Sheet, and present all final financial documents to the External Accountant and the Transfer of the accounting system to the new buyer's accounting team in New Brunswick (Due Diligence Process)
  • Reason for departure: The company was sold to Easy Kleen in New Brunswick taking full charge of accounting and finance Dept

Financial Controller

Cabrelli Group Inc.
04.2018 - 11.2018
  • Same functions (see above for the first 8 points at UNIMANIX INDUSTRIES INC.)
  • Responsible with the President and Vice President in the process of purchasing a new company (Babazoo Republic) and integrating it into the Cabrelli Group (Due diligence process)
  • Collected and analyzed all financial information from the accounting books of (Babazoo Republic) in order to present financial analyses to the Vice-President on the progress of the company's financial situation (inventory control, monthly sales, status of accounts receivable-Etc.) so that these HOC reports could be transferred to the financial institution for the purpose of agreeing to increase the Cabrelli Group's credit limit with the addition of the new company (Objective achieved and credit limit had been increased with the condition to buy Babazoo Republic by Cabrelli Group)
  • Prepare documentation for in-house design tax credit and export subsidy applications in collaboration with external consultants
  • Reason for departure: the Company scaled back its activities, by sending the accounting and financial activity to an external accounting firm, when the process of buying Babazoo Republic failed (Babazoo Republic decided not to sell its company at the last minute)

Financial Controller

Konsar Future Nutrition Inc.
02.2009 - 08.2017
  • Same duties (see above first 8 points at UNIMANIX INDUSTRIES INC.)
  • Identify, develop and expand relationships with customers in international countries to distribute Konsar Future Nutrition's various brand names
  • Manage the shipment of all exported products to international distributors
  • Manage all financial aspects of international accounts
  • Participate in local and international trade shows (Dubai, China, Las Vegas and Germany)
  • Involved in the R&D file presented to the government for the receipt of government subsidies (amount received over $400K)
  • Increased sales from 1.8 M to 3.9 M from 2009 to 2016 by developing new international markets to distribute the various trademarks, taking responsibility for foreign business development at the end of 2009 with my main role as Controller
  • Reason for departure: The company was shut down by Health Canada

Education

Bachelor of Commerce -

Ain SHAMS University

EQUIVALENCE- 1st University Cycle - Administration Science: Accounting

Skills

General ledger management

Cash flow management

Process improvement

Project management

Budgetary planning

Project finance

Balance sheet management

Financial statements expertise

Accounts receivable management

Accomplishments

  • Exceeded [2020] revenue goals by (2.5M$)
  • Reduced accounts receivable days to 45 days, from 70 days.
  • Introduced accounting procedures and stronger financial controls to improve financial reporting.
  • Cut total of past due accounts from 8 to 1 at Quadratec Injection
  • Optimized workflow and reduced variances by recommending and introducing new accounting software in 2022
  • Used Microsoft Excel to develop inventory tracking spreadsheets.
  • Documented and resolved of 200K AR bankrupted account which led to a return of 30K GST and QST return.
  • Collaborated with team of 8 in the development of PAX-100 project in 2020.

Languages

French
English

Personal Information

Title: Financial Controller

Timeline

Financial Controller

Quadratec Injection Inc.
11.2021 - Current

Financial Controller

Unimanix Industries Inc.
04.2019 - 11.2021

Financial Controller

Cabrelli Group Inc.
04.2018 - 11.2018

Financial Controller

Konsar Future Nutrition Inc.
02.2009 - 08.2017

EQUIVALENCE- 1st University Cycle - Administration Science: Accounting

Bachelor of Commerce -

Ain SHAMS University

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Hani Badra