Summary
Overview
Work History
Education
Skills
Timeline
Generic

Paul Welkhu, CPA

Surrey,Canada

Summary

Experienced as a Financial analyst offering financial evaluations, forecasts, budgets, and other strategic activities with significant long-term impacts to the business. Extended experience in supporting critical business negotiations, creating yearly plans/budgets, project analysis, and monthly P&L and Balance sheet reviews.

Overview

7
7
years of professional experience

Work History

Senior Accountant (Contract)

Bn3th
Vancouver, Canada
07.2024 - 09.2024
  • Managing Accounting Transactions: Ensure accurate and timely processing of accounting transactions, including accounts payable, accounts receivable, inventory, general ledger, and related functions
  • Financial Statements: Assist in the preparation and processing of financial information for monthly financial statements and year-end working papers
  • P&L Review: Monthly preparation and review of P&L to ensure entries are booked correctly and the desired profit margin is retained
  • General Ledger Analysis: Analyze general ledger accounts
  • Audit Queries: Assist in monthly and year-end stakeholder/audit queries

Senior Accountant (Contract)

Procon Mining and Tunnelling Ltd
Burnaby, Canada
07.2022 - 08.2023
  • Assist with managing day-to-day full cycle accounting activities in a multi-entity setting including balance sheet reconciliations, accrual and adjusting journal entries, accounts payable and intercompany transactions
  • Prepare monthly schedules and lead sheets for asset, liability, revenue, and expense accounts
  • Prepare regulatory compliance reporting and remittances with respect to payroll and indirect taxes
  • Assist with month-end close and preparation of monthly IFRS consolidated financial statements using both corporate ERP and Excel models
  • Assist with preparation of quarterly ASPE Joint Venture financial statements for submission to JV partners
  • Assist with preparation of annual audited IFRS financial statements, reports, and disclosure notes
  • Support ad-hoc reporting and special projects

Senior Financial Analyst (Contract)

Dawson Group
Kamloops, Canada
01.2022 - 04.2022
  • Ability to access ERP systems data and assemble/summarize data to create meaningful analysis and reports
  • Perform and explain meaningful variance analysis, of budget/forecast to actual results and year over year results
  • Report on the reporting on financial performance, performance to budget and prepare for regular monthly business reviews
  • Update and develop financial models in Excel
  • Assist in the maintenance of Capital Asset leasing arrangements, Asset databases, and Asset ROI
  • Assist in business analysis projects as assigned, identify areas where cost visibility, control, and key drivers or inefficiency exist
  • Continuous improvement on business through sound analysis and developing automated tools and process improvements
  • Review financial information, assess financial information needs and interpret financial information with the Finance team and Operations Managers to guide and influence long term and strategic decision making
  • Develop and prepare cash forecasting, cash source and use analysis, and metrics tracking

Senior Accountant (Contract)

Advantec Global Innovations
Surrey, Canada
01.2021 - 01.2022
  • Financial Analyst for Advanced Flow Systems business unit ($13m of revenue in prior 2 years combined, $6m of inventory on hand)
  • Responsible for Financial close, Account analysis and Financial Statement presentation, along with review of business performance with Senior leaders
  • Bank covenant reporting for debt covenant
  • Project revenue analysis - percentage completion method
  • Project cost analysis - actual vs estimate variance analysis
  • Process/systems review to ensure proper recognition and accounting treatments are being followed for transactions
  • Providing audit requests for key accounts - Revenue/COS
  • Managing payroll and administrative staff for day-to-day activities
  • Cash flow preparation and maintenance
  • Process improvements- updating percentage completion reports to improve cost tracking and increase visibility into profitability of projects

Senior Manager - Accounting and Analytics

CFO Incorporated
02.2020 - 08.2020
  • Client facing role responsible for analyzing and communicating financial statement results
  • Responsible for financial analytics for key decision makers to understand business operations and make informed decisions on cost savings initiatives and business opportunities
  • Overlooking a team of accounting professionals on performing day-to-day accounting tasks as well as producing financial statements
  • Ad-Hoc Reporting - Business Valuations, Break-Even Analysis (Covid19), and other reporting based on client needs
  • Government Assistance programs (Covid19) - Determining client eligibility, advising clients on retropay to maximize claims, filing wage subsidy claims, and tracking claims processed to ensure overclaims do not occur
  • Creating and developing processes for task management and improving workflow
  • Creating customized dashboards for clients
  • Responsible for the preparation of financial statement presentations and financial analysis in order to secure new clients

Financial Analyst - Materials

AFL Telecommunications Ltd
05.2017 - 02.2020
  • Responsible for Materials Department - Consisting of over $16m in inventory
  • Provides financial evaluations, studies, and forecasts with significant and long term impacts and political sensitivities involving business activities - worked with business leaders in contract negotiations with Telus regarding material charges, volume discounts, and effects on expected revenues/profits
  • Provide support to Director of Materials for strategic operations decisions, evaluation of performance, and ad hoc reporting to discover cost saving opportunities and impact/solutions to operational issues
  • Acted as expert advocate for financial and business solutions to senior management regarding Materials department, explaining key issues in the department, financial impacts, and potential business/financial concerns in the immediate/long-term future
  • Provides support to Materials team by formulating new policies and procedures to ensure greater efficiency/control over daily activities, as well as providing financial analysis/support for new initiatives such as inventory tracking systems and inventory obsolescence
  • Project leadership - ensuring appropriate costs are allocated to each project and providing detailed quotes for material costs in new communities before being presented to Telus for approval
  • Present financial results/margins to business leadership regarding performance in completed communities
  • Completes yearly financial plan for Materials department with Director of Materials and evaluates actual results to plan to understand performance/variances
  • Completes monthly forecasts 30, 60, and 90 days out and provides detailed analysis on variances from plan, bridging key items to current expectations
  • Reviews/finalizes Profit and Loss statement of the Materials department, analyzing key accounts to ensure accuracy/integrity of financial costs and other allocations
  • Works with Financial Analysts of other departments to create allocations of key operational costs such as labor and warehouse rent costs
  • Reviews and finalizes key Balance Sheet accounts, completing reconciliations for all accounts related to Materials and Inventory
  • Regular monthly duties include: standard cost review of materials, cost allocations, inventory module closure for month end, project cost updates/revenue recognition, inventory obsolescence/Aging and Inventory Reserve review, P&L/Balance sheet review
  • Experienced with SQL and querying data to identify business issues/solutions
  • Exposure to COGNOS BI tool
  • Experience with PowerApps

Education

CPA -

CPA Western School of Business
Vancouver, BC
05.2024

Bachelors of Business Administration - Accounting

Kwantlen Polytechnic University
Surrey, BC
04.2017

Skills

  • Microsoft Excel
  • Budgeting
  • Forecasting
  • Financial Planning
  • Internal Audits
  • Business Analysis

Timeline

Senior Accountant (Contract)

Bn3th
07.2024 - 09.2024

Senior Accountant (Contract)

Procon Mining and Tunnelling Ltd
07.2022 - 08.2023

Senior Financial Analyst (Contract)

Dawson Group
01.2022 - 04.2022

Senior Accountant (Contract)

Advantec Global Innovations
01.2021 - 01.2022

Senior Manager - Accounting and Analytics

CFO Incorporated
02.2020 - 08.2020

Financial Analyst - Materials

AFL Telecommunications Ltd
05.2017 - 02.2020

CPA -

CPA Western School of Business

Bachelors of Business Administration - Accounting

Kwantlen Polytechnic University
Paul Welkhu, CPA