Summary
Overview
Work History
Education
Skills
Interests
Timeline
Generic

Randall McRae

Airdrie,AB

Summary

An experienced financial leader and Chartered Accountant with a strong track record in strategic planning, risk management, and financial analysis. Adept at driving financial growth and operational improvements through effective team collaboration and adaptive strategies. Known for reliability, flexibility, operational focus, and results-driven approach.


  • Experienced public company CFO.
  • Completed $33 million in capital raises as CFO.
  • Successful entrepreneur, growing and selling a public accounting firm.
  • Skilled in budgeting, forecasting, and regulatory compliance, ensuring fiscal health and organizational success.

Overview

17
17
years of professional experience

Work History

Chief Financial Officer

Nanalysis Scientific Corporation
07.2022 - Current
  • Company Overview: Nanalysis Scientific Corporation (TSX-V: NSCI) is a public company focused on providing innovative solutions in scientific instrumentation and security services.
  • Advanced from Interim CFO position to permanent CFO role within seven months.
  • Developed strategic financial plans to support company growth and achieve long-term objectives.
  • Negotiated senior debt and operating lines of credit and executed both public and private equity offerings, resulting in $33 million in completed transactions.
  • Analyzed operational issues and implemented corrective action to improve cash flows and EBITDA.
  • Key involvement on integrating acquisitions, including providing corporate oversight on a $160MM government contract via an acquired subsidiary.
  • Responsible for all corporate shared services including financial and accounting, human resources, IT, and business development.
  • Created an extensive five-year forecast model for finances, including projections for cash position, compliance with bank covenants and detailed financial statements.
  • Streamlined reporting process with significant improvements in timing and quality.
  • Implemented a new, ground up, factors based budgeting process for the Company.
  • Key responsibilities include overseeing all financial reporting, domestic and international taxation, Scientific Research and Experimental Development ("SR&ED") claims, technical accounting issues, treasury management, reporting to the Board of Directors, maintaining compliance with Canadian and US equity markets, shareholder relations, maintaining and improving internal control frameworks, and maintaining insurance and risk management portfolios.
  • Currently overseeing a material cost reduction program.

Senior Manager, Tax

MNP LLP
11.2020 - 07.2022

Company Overview: MNP LLP is a leading national accounting, tax, and business consulting firm in Canada.

  • Held role of Senior Manager in Deloitte's Owner Managed Business group, transferring to MNP Specialty Tax post-acquisition.
  • Developed, presented, and executed complex tax planning for clients.
  • Led cross-functional teams to achieve project milestones and deliver high-quality results.
  • Reviewed and provided tax concurrence on complex tax returns.
  • Provided controllership services to a major client, including, budgeting and forecasting, treasury management, revenue and payables oversight, risk management, auditor interface, preparation of Board materials, and presentation to the Board of Directors on all financial matters.
  • Instructor with CPA Canada for the In-Depth Tax Program.

Founding Partner

McRally LLP Chartered Professional Accountants
12.2014 - 11.2020

Company Overview: McRally LLP is a public accounting practice with a focus on tax reporting and planning, financial reporting, and strategic advisory services.

  • Co-founded McRally, a public accounting practice, expanding client base from zero to over 100 clients and increased team size from two partners to eight members.
  • Achieved top distinction in North America by winning Xero's Cloud Firm of the Year award.
  • Secured valuable contracts through effective negotiation tactics, fostering long-term relationships with key clients.
  • Mentored junior team members, cultivating their skills and fostering professional development within the company culture.
  • Streamlined operations for improved efficiency, implementing new systems and processes.
  • Evaluated and improved the firm's overall performance by consistently analyzing key performance indicators, identifying areas for improvement, and implementing targeted solutions.
  • Served a variety of clients including those in oil and gas services, media and marketing sectors, trade industries, software development fields, fitness centres, and IT enterprises.
  • Managed firm risk management and regulatory compliance, IT systems, tax compliance, forecasting processes, and sales and marketing strategies.
  • Services provided to clients included tax planning and compliance, financial reporting, forecasting, accounting advisory, and integration of accounting and operating systems.
  • Conducted comprehensive finance courses, including cash flow forecasting and taxation for emerging business owners through two respected programs.

Assistant Controller, Processing, Recovery and Disposal (PRD) Division

Secure Energy Services
09.2010 - 12.2014

Company Overview: Secure Energy Services is a leading provider of integrated environmental and energy services in Canada.

  • Promoted to Assistant Controller of Secure's largest division in March 2013
  • Managed monthly and quarterly close procedures, forecasting, and prepared the annual operating budget.
  • Coached team members and managed workflow.
  • Drafted comprehensive financial reports detailing divisional activities and operating performance.
  • Collaborated cross-functionally with a team for a successful ERP system changeover.
  • Supervised the process of renewing insurance coverage across divisions.
  • Ensured integrity of general ledger accounts through regular reconciliations, adjustments, and detailed documentation.

Senior Accountant, Audit and Assurance

Deloitte & Touche LLP
09.2007 - 09.2010

Company Overview: Deloitte & Touche LLP is a global leader in audit and assurance, consulting, financial advisory, risk advisory, and tax services.

  • Client base focused in upstream oil and gas and energy services companies.
  • Assisted in development of audit plans, supervision and training of junior team members, coordination of deadlines, and completion of complex and higher risk audit sections.

Education

In-Depth Tax - Canadian Tax

CPA Canada
Toronto, ON
09-2019

Chartered Professional Accountant - Accounting

CPA Alberta
Calgary, None
06-2010

Bachelor's of Commerce - Accounting

University of Calgary
Calgary, AB
06-2007

Skills

  • Capital raising
  • Strategic planning and management
  • Investor relations
  • Working capital management
  • Operational decision making
  • Corporate governance
  • Post-acquisition integration
  • Risk management
  • Public financial reporting
  • Tax planning, strategy, and compliance
  • Process improvement

Interests

  • DIY and Home Improvement
  • Music
  • Fitness and gym

Timeline

Chief Financial Officer

Nanalysis Scientific Corporation
07.2022 - Current

Senior Manager, Tax

MNP LLP
11.2020 - 07.2022

Founding Partner

McRally LLP Chartered Professional Accountants
12.2014 - 11.2020

Assistant Controller, Processing, Recovery and Disposal (PRD) Division

Secure Energy Services
09.2010 - 12.2014

Senior Accountant, Audit and Assurance

Deloitte & Touche LLP
09.2007 - 09.2010

In-Depth Tax - Canadian Tax

CPA Canada

Chartered Professional Accountant - Accounting

CPA Alberta

Bachelor's of Commerce - Accounting

University of Calgary
Randall McRae