Summary
Overview
Work History
Education
Skills
Languages
Timeline
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Solmaz Chagpar

Oakville

Summary

Professional with strong background in financial analysis, adept at leveraging analytical skills to drive business growth and financial stability. Expertise in data interpretation, financial modeling, and risk assessment, ensuring informed decision-making and strategic planning. Known for collaborative approach and adaptability, consistently meeting team objectives and organizational goals. Proficient in utilizing financial software and tools to streamline processes and enhance accuracy.

Overview

13
13
years of professional experience

Work History

Financial Analyst

University Health Network
09.2021 - Current
  • Review and prepare annual operating budget and periodic forecasts
  • Work with business area managers and directors to prepare a preliminary assessment of risks & opportunities in business portfolio
  • Prepare monthly variance analysis, draft commentary to emphasis key areas of opportunities and risks to manage tight financial constraints to various levels of leadership
  • Streamline, develop, and coordinate processes
  • Improve and develop chargebacks process
  • Responsible for the monthly charge back process to various functional centers
  • Supervise billings to internal and external customers
  • Perform month-end close including preparing and posting journal entries
  • Prepare lease agreements for assets with external vendor
  • Assist with preparation of RMA for asset management
  • Prepare annual budget for chargeback
  • Evaluate and mitigate invalid charge backs by full cycle collection process
  • Identify accounting issues, process issues and make solid recommendation
  • Perform cross-functional duties, as assigned or requested, including providing back-up support for other financial analysts
  • Facilitated smooth month-end close processes by efficiently reconciling accounts and addressing discrepancies promptly.
  • Streamlined financial reporting for better decision-making with clear, concise analysis and presentation.
  • Trained junior analysts on best practices in financial modeling, contributing to a stronger overall team performance.
  • Initiated process improvements that increased the efficiency of budgeting cycles while maintaining accuracy standards.
  • Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
  • Streamlined financial reporting processes, significantly reducing time required for monthly close.
  • Increased stakeholder confidence, providing transparent and accurate financial reports.
  • Improved cash flow management with rigorous accounts receivable tracking.
  • Created and maintained precise and accurate models, charts and reports.
  • Helped clients make optimal decisions on amounts and timing of capitalization.

Shareholder Relations Administrator

Hatch Limited
02.2018 - 09.2021
  • Administration of an internal share loan program including written and verbal communication with both lenders and borrowers
  • Manage loan interest, maintain loan statements in Excel, bank transfers and SAP bookings
  • Participate in month end activities, which include General Ledger reconciliations and journal entries
  • Monitor and follow up on shareholder loan balances and complete monthly reconciliations
  • Perform monthly financial reconciliations and other SAP reconciliations and reporting processes
  • Assist Director of Finance in administration and accounting for the share loan partnership
  • Coordinate and undertake the annual audit, by collecting audit samples, preparing support documents
  • Assist in the annual share budget analysis and budget recommendations
  • Provide financial analysis and financial reporting
  • Review financial information and transactions to ensure integrity, accuracy
  • Recommend process and control improvements (automating various protocols i.e
  • Using DocuSign)
  • Undertake various other tasks as required by the Manager such as running SAP reports, ad-hoc queries, general administrative duties
  • Handled sensitive information discreetly, maintaining strict confidentiality at all times as required by company policy or legal regulations.
  • Organized workflow and delegated tasks effectively to ensure timely project completion without compromising quality.
  • Maintained personnel records and updated internal databases to support document management.
  • Supervised administrative support staff members, offering guidance, feedback, and mentorship that contributed to their professional growth and development.
  • Established an organized filing system that streamlined document retrieval and reduced misplaced files.
  • Served as a liaison between departments, fostering open communication channels that improved overall organizational function.
  • Improved employee productivity with effective time management strategies for daily tasks.
  • Enhanced internal communication by creating a centralized information hub accessible to all staff members.
  • Developed and maintained up-to-date database of contacts, facilitating quick and efficient communication.
  • Educated staff on organizational mission and goals to help employees achieve success.
  • Generated reports detailing findings and recommendations.
  • Developed effective improvement plans in alignment with goals and specifications.

Marketing Promotional Planner

Canadian Tire
08.2017 - 02.2018
  • Select product offers for the Canadian Tire flyer
  • Analyze existing assortment and new products for optimizing overall slot performance
  • Analyze financial and quantitative information using MS Excel to improve financial performance of product assortment by 20%
  • Decide anchor weeks based on events, competitor activities, and other promotional activities such as destination guides, seasonality of products, and historical performance
  • Assimilate detailed financial information to support in product selection and seasonal forecast roll-up and identify gaps in margin, and other metrics
  • Collaborated with cross-functional teams to align goals and ensure project success.
  • Optimized inventory control, reducing waste and improving costefficiency.
  • Identified potential risks, implementing mitigation plans to minimize impact on project timelines.
  • Worked directly with production personnel to resolve production scheduling issues and conflicts.
  • Engaged in both long and short-term project planning, strategizing for on-time, high-quality deliverables.
  • Managed successful day-to-day operations of projects by maximizing productivity from available resources.
  • Prioritized schedules to meet project goals and overall customer satisfaction.
  • Implemented best practices in planning methodologies, resulting in increased efficiency and effectiveness across all projects.
  • Successfully managed multiple high-priority projects simultaneously while maintaining strict deadlines.
  • Presented progress reports regularly to senior management during project updates meetings.
  • Streamlined workflow processes for improved team productivity and project outcomes.
  • Prepared reports and presentations to communicate findings and recommendations to decision-makers.
  • Achieved significant cost savings by renegotiating contracts with suppliers, leveraging market research and negotiation skills.
  • Championed development of comprehensive emergency response plan, enhancing organizational preparedness for unforeseen events.
  • Improved operational efficiency by standardizing planning procedures across projects, minimizing redundancies and streamlining tasks.
  • Analyzed event costs to identify areas of improvement and cost savings.
  • Implemented contingency plans to address last-minute changes or unforeseen events.
  • Created detailed timelines and budgets for events to meet all deadlines.

Forecasting Analyst

Canadian Tire
12.2015 - 08.2017
  • Developed detailed forecast models against budgets based on key indicators, increasing accuracy of short- and long-term earnings estimates
  • Create & manage POS and dealer demand forecast in support of regular, promotional, and seasonal dealer ordering patterns
  • Actively manage forecasts at an aggregate level in accordance with merchandising planning targets for annual and seasonal planning
  • Conduct insights/analysis on performance (consumer demand, dealer demand, store and corporate out of stocks) to improve or adjust future forecasts
  • Collaborated closely with marketing teams to understand upcoming promotions and events that could impact demand forecasts significantly.
  • Evaluated the effectiveness of promotional campaigns using post-event analyses, advising on future strategies based on key insights.
  • Streamlined the demand planning process by automating routine tasks and creating custom reports for stakeholders.
  • Championed a culture of continuous improvement within the team by encouraging open feedback and knowledge-sharing among peers.
  • Contributed to the development of a robust demand planning function by sharing expertise and collaborating on strategic initiatives.
  • Assisted management with long-term business planning by providing comprehensive forecasts and risk assessments.
  • Provided actionable recommendations on inventory levels based on seasonal fluctuations, avoiding stockouts or excess inventory situations.
  • Developed an in-depth understanding of market trends, enabling more precise predictions and strategic recommendations.
  • Reduced inventory costs through careful analysis of historical sales data and trends.
  • Delivered timely and accurate forecasts for multiple product lines, supporting effective supply chain management decisions.
  • Created detailed presentations to communicate forecast findings to senior leadership, facilitating informed decisionmaking.
  • Conducted extensive market research to identify potential opportunities and challenges impacting future demand patterns.
  • Identified areas for improvement in existing processes, resulting in increased efficiency and reduced forecast errors.
  • Improved collaboration with cross-functional teams, leading to more accurate forecasting and better decisionmaking.
  • Utilized data analytics to identify and resolve supply chain issues and improve overall performance.
  • Maintained accurate, up-to-date documentation of supply chain processes for reliable reference.
  • Reported on supply chain KPIs to verify compliance with established standards.
  • Forged relationships with multiple vendors and suppliers to improve cost-effective delivery options.
  • Built comprehensive inventory systems to track current supply chain data.
  • Implemented best practices and process improvements to boost supply chain performance.
  • Used analytical models and mathematical analysis to create and maintain key performance metrics.
  • Created and maintained precise and accurate models, charts and reports.
  • Developed financial projections and forecasts to guide investment decisions.
  • Generated comprehensive reports on portfolio performance and risk assessment.
  • Improved emergency resolution processes to save time.
  • Helped clients make optimal decisions on amounts and timing of capitalization.

Supply Chain Analyst

Canadian Tire
11.2012 - 12.2015
  • Analyze daily shipment exceptions and work closely with suppliers and vendors to facilitate the timely understanding and resolution of exceptions and inquiries
  • Determined optimal purchase order quantities for product categories while balancing purchase quantities, lead times and safety stock within given targets
  • Identified potential issues with inventory availability; prioritize, develop, and execute corrective action plan with vendors and internal teams
  • Build strong relationships with vendors and suppliers to determine root causes and recommend corrective action
  • Built comprehensive inventory systems to track current supply chain data.
  • Used analytical models and mathematical analysis to create and maintain key performance metrics.
  • Implemented lean principles for more efficient warehouse operations, resulting in cost savings and improved customer service.
  • Managed vendor relationships, negotiating contracts for better pricing and terms while maintaining high-quality standards.
  • Forged relationships with multiple vendors and suppliers to improve cost-effective delivery options.
  • Reported on supply chain KPIs to verify compliance with established standards.
  • Collaborated with cross-functional teams to develop and execute end-to-end supply chain strategies that supported business objectives.
  • Led process improvement projects that resulted in increased efficiency, reduced waste, and lower operational costs across the supply chain network.
  • Reduced inventory holding costs through effective demand planning and supplier management strategies.
  • Ensured timely delivery of products to customers by closely monitoring order fulfillment processes and addressing any issues promptly.
  • Worked closely with sales teams to understand customer needs, ensuring appropriate inventory levels were maintained to meet demand fluctuations effectively.
  • Optimized supply chain processes by implementing data-driven analysis and forecasting methods.
  • Utilized data analytics to identify and resolve supply chain issues and improve overall performance.
  • Implemented advanced analytics tools, improving demand forecasting accuracy and supporting more informed decision-making processes.
  • Suggested improvements to cut costs and improve supply chain process, incorporating asset utilization, performance measurement and outsourcing approaches.
  • Developed and implemented key performance indicators (KPIs) to measure supply chain performance, driving continuous improvement.
  • Negotiated with suppliers to secure cost-effective contracts, improving profit margins.
  • Streamlined inventory management processes, significantly reducing overstock and understock situations.
  • Enhanced supplier relationships by negotiating cost-effective contracts, leading to improved supply chain efficiency.

Junior Accounting Analyst

Monteco Limited
06.2012 - 11.2012
  • Process and review transactions to ensure they are aggregated and apportioned, clear payments with various vendors and suppliers, settle delinquent payments
  • Analyze, investigate, and resolve process exceptions, out-of-balance situations
  • Performed daily and monthly reconciliation and control points, to ensure funds are balanced and created journal entries for general ledger adjustments, as required
  • Collaborated and interacted with cross-functional groups and business partners and responded to inquiries and information requests
  • Responsible for: billings, receivables, discount monitoring and reconciliations of sales, deposits, receipts to shipment, interfaces and payments
  • Assisted external auditors during annual reviews, providing detailed documentation and clarification on complex accounting issues.
  • Researched billing and invoice problems and resolved issues in compliance with established standards.
  • Optimized budgeting processes, collaborating with department heads to develop accurate forecasts and allocations.
  • Enhanced financial accuracy by conducting thorough analysis and reconciliation of accounts.
  • Mentored junior team members, sharing knowledge and expertise to promote professional growth within the department.
  • Streamlined accounting processes for increased efficiency and reduced errors.
  • Managed multiple simultaneous projects, ensuring timely completion and accurate results in a fast-paced environment.
  • Reconciled accounts and resolved both internal variances and discrepancies in external documentation.
  • Analyzed trends and monitored customer behaviors to serve as predictors for future marketplace actions.
  • Implemented new accounting software, leading to improved data organization and accessibility for end users within the organization.
  • Participated in company-wide process improvement initiatives designed to enhance overall operational efficiencies across all departments.
  • Provided valuable insights to management, supporting strategic decision-making with comprehensive financial analysis.
  • Reduced month-end closing time through streamlined account reconciliations and process improvements.
  • Improved financial reporting timeliness by automating data input and report generation tasks.
  • Invoiced customers for purchases of goods and services to adhere to accounting standards and generate revenues.
  • Analyzed variances between actuals versus budgets/forecasts for informed decision making on corrective actions if needed.
  • Collected, compiled and analyzed data to prepare customer invoices per contractual requirements.
  • Deposited checks and worked with accounting supervisor to determine coding and prepare related entries.

Education

Honors Bachelor of Commerce - Specialized Int. Accounting/Finance

Seneca College
Toronto, ON
04.2012

Accounting Diploma -

Seneca College
Toronto, ON
04.2007

Skills

  • Problem solving
  • Analytical skills
  • Initiative
  • Sound judgement
  • Self motivated
  • Collaborative team environment
  • Attention to detail
  • Time management
  • Organizational skills
  • Planning
  • Organizing
  • Task management
  • Adaptability
  • Interpersonal skills
  • Communication skills
  • MS Office
  • MS Visio
  • SAP
  • Microsoft Excel
  • Financial and operational reporting
  • Financial statement analysis
  • MS office suite
  • Variance analysis
  • Research and data analysis
  • Excellent attention to detail
  • Flexible team player
  • Budget support
  • Comparative analysis
  • Financial modeling
  • Report generation

Languages

English
Full Professional
Persian
Native or Bilingual
French
Elementary

Timeline

Financial Analyst

University Health Network
09.2021 - Current

Shareholder Relations Administrator

Hatch Limited
02.2018 - 09.2021

Marketing Promotional Planner

Canadian Tire
08.2017 - 02.2018

Forecasting Analyst

Canadian Tire
12.2015 - 08.2017

Supply Chain Analyst

Canadian Tire
11.2012 - 12.2015

Junior Accounting Analyst

Monteco Limited
06.2012 - 11.2012

Honors Bachelor of Commerce - Specialized Int. Accounting/Finance

Seneca College

Accounting Diploma -

Seneca College

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Solmaz Chagpar