Royal Kumar

Stannah Canada is a part of the multinational Stannah empire that manufactures and sells stairlifts and elevators. Stannah brand is well known for its high-quality products and excellent customer service.

• Never missed the monthly reporting deadline for submitting financial statements to the parent company. The same submission also included all account reconciliations and variance analysis.
• Gained concrete experience working in a multi-currency environment and working with intercompany transactions.
• My response to dealer customer inquiries was recognized multiple times during my employment by both upper management and the dealers themselves.
• Actively participated in the implementation of the ERP system (Zuper). Once my suggestions were implemented, the accuracy of inventory tracking and revenue recognition rose to needed levels.
• Managed the payroll function and ensured that all 15 employees are paid accurately through account reconciliations.
• Introduced numerous control processes, mostly account reconciliations, and vertical analysis to detect errors and provide quality information to decision-makers.
• Contributed positively to an already healthy and respectful work environment of Stannah Canada by following their company policies and my emotional intelligence.

eTracks is a trusted leader in the recycling industry. With its excellent staff, eTracks helps major car and tire manufacturers to meet their tire recycling obligation.

• Completed intense account reconciliation of the Balance-sheet for the entire year and left zero balance unreconciled for all reconciliations.
• Completed revenue and expense reconciliations for 2022, including over ten thousand transactions, and left none unreconciled.
• I Made material improvements in implementing the new ERP system which resulted in highly accurate and finer reporting.
• Took full control of the current year audit, handled auditor's requests in a timely manner and reviewed submissions from my colleagues before forwarding them to the audit team.
• Completed full accounting cycle and prepared monthly reporting package as per the IFRS guidelines.
• Presented the financial statements to the senior management team and ensured that most accurate information is communicated using accruals and notes to the financial statements.
• Worked with finance teams of major tire and car manufacturers in canada and assisted them in achieving their compliance targets.

HMECU is one of the oldest credit unions in Hamilton serving over 10,000 members for their banking and wealth management needs.

• Solely Prepared Financial statements for the Credit union on monthly bases. After this, I conducted and presented variance analysis to senior management. While doing so, I revealed many material revenues and expenses that were previously unrecognized.
• Solely prepared monthly information returns for the Financial Services Regulatory Authority of Ontario (FSRA). Also submitted Liquidity ratios to the same authorities.
• Conducted daily Bank reconciliation for the credit union of over 10,000 members and investigated unexpected transactions.
• Calculated and posted depreciation for every capital asset of the credit union while handling additions and disposals.
• I Made enormous contributions in migrating from one banking system to another and conducted quality testing to ensure successful system implementation.
• Solely managed accruals on both revenue and expense sections of income statements and created material improvements
• Worked in a multi currency environment and initiated purchase and sale of highly liquid assets to maintain required levels of assets in different currencies.
• Worked with external auditors on year-end financial statements. Communicated and documented the processes of new accounting software for the first time after its implementation.

Chameleon Coating is a mid-sized powder coating firm providing exceptional coating services to metal fabricators and automobile manufacturers in their manufacturing process.

• Facilitated Bank reconciliation at the end of every month for Chameleon Coatings and its subsidiary, followed by investigating errors and unexpected/unusual transactions
• Managed to cease over-purchase of slow-moving inventory by using Accounting Software Sage 50 to make reports for cost control and monitor sales
• Never once failed to Calculate, file and pay GST/HST payments and remittances to the CRA at the end of every quarter to maintain complete tax compliance
• Improved data security by suggesting and implementing new soft and hard controls to all company property/paperwork
• Meanwhile, also kept solid confidentiality regardless of the absence of any agreement
• Actively worked with the outsourced company accountant in creating year-end financial statements and adjusting entries
• Used data processing capabilities of Sage 50 to complete cost analysis, Saving the company in material dollar amounts by reducing the cost of inputs by 5 percent on average.

• At Sheridan College, I was hired by the Sheridan Library to assist struggling students with their accounting courses
• Mentored students to support and enhance academic performance and encourage independent student learning
• Assessed and supported student needs, objectives and learning styles through one-on-many tutoring sessions
• Courses mentored – Accounting 1, Accounting 2, Finance, Business Mathematics, cost and managerial accounting, intermediate accounting1, intermediate accounting 2
• Eighty percent of students achieved above 70 grades while I maintained my grades at high honours.