Thomas Wang
Vancouver
Summary
Experienced Senior Accountant/Controller with experience in both ASPE and IFRS from the manufacturing & retail industry and CPA firm for 10+ years combined.
Strong personal drive to enhance company growth and develop a positive working environment for team members.
Seeking to further develop my career as a professional CPA.
Overview
10
10
years of professional experience
Work History
Senior Accountant
SAXX Underwear Co. Ltd
10.2022 - Current
- Led in full ERP transition on GL, inventory, and sales commission modules from Logon to MS D365 working with internal team members and external consultant.
- Streamlined inventory management on $20 million worth of products world-wide and improved reporting accuracy using FIFO module in MS D365.
- Conducted comprehensive investigation on Amazon FBA inventory variances and discovered C$0.8 million in Amazon CA and US$1.2 million in Amazon US lost or inventory sold at wrong price which later formed the foundation of a claim of refund.
- Completed 3 year-end closing processes with manager and external auditors.
- Mentored junior accounting staff, fostering professional development and improving team performance.
- Developed and implemented internal controls to mitigate financial risks and improve operational efficiency.
- Analyzed variances between department spending and budget to provide insights for strategic decision-making.
- Prepared monthly journal entries and reconciliations.
Senior Acquisition Accountant
Hillcore Financial Corporation
10.2022 - 11.2022
- Prepared 16 corporate year-end financial working paper files
- Supported tax team on complex consolidated annual corporate tax return
- Managed monthly financial close process, ensuring timely and accurate reporting.
Financial Reporting Analyst
Treewalk
03.2021 - 09.2022
- Reviewed monthly financial reporting and conduct trial balance review to ensure integrity of accounting records
- Prepared financial statements as part of prospectus package for client IPO in TSX
- Reconciled share subscriptions and work with financing agencies to review warrant and option agreements and to prepare consolidation on share capital
- Prepared year-end financial statements, MD&A and working papers for corporations under IFRS
- Monitored financing agreements and GIC agreements and prepared schedules for loan payments and
- Assisted client to transition from ASPE to IFRS
Controller
Allsalt Maritime Corporation
05.2017 - 03.2021
- Envisioned department budgeting reports to control costs to maintain a 60% gross profit
- Improved sales Revenue while working with a team of 5 sales reps in over 16 countries/regions from $1 million since 2015 to $12 million in 2020
- Proposed PO and payment term review process which reduced uncollectible to less than C$10,000
- Ensured timely and accurate month-end reconciliation of accounts, evaluation of entity's financial state
- Improved profitability on over 500+ product configurations by introducing a more accurate COGS calculation system (FIFO)
- Prepared annual SR&ED resulted in a $2.3 million refund since 2015 and CEWS claims for $1.1 million subsidy in 2020
- Managed 6 direct reports from subordinates internationally and reconciled intercompany transactions for all 4 offshore locations with parent company
Junior Accountant
Allsalt Maritime
01.2015 - 04.2017
- Prepared and filed quarterly GST & monthly payroll remittances with CRA
- Managing full-cycle accounting duties such as AP & AR, reconciliations, adopting ASPE financial reporting framework
- Disputed Washington State Excise Tax and ruling received for the refund of approximately US$150,000 paid in prior years
Education
Chartered Professional Accountant -
Western School of Business
Vancouver, BC2022
Bachelor of Commerce - Business Administration
University of Victoria
Victoria, BC12.2014
Skills
- Full Cycle Accounting (ASPE & IFRS)
- GST, HST, QST, EHT, WCB remittance
- SR&ED application and refund filing
- Ability to Work Under Pressure
- MS Office (Excel, Word, Outlook)
- Quickbooks Online
- Strategic Planning & Budgeting
- Sage 50/Simply Accounting
- Microsoft Dynamics NAV
- Microsoft Dynamics 365
- Amazon Seller Central
- Inventory Management
- Department Reporting
- Accounting structural setup (working paper preparation) & SOP enhancement
- Internal/External Audit
- Month-end consolidation & reporting
Timeline
Senior Accountant
SAXX Underwear Co. Ltd
10.2022 - Current
Senior Acquisition Accountant
Hillcore Financial Corporation
10.2022 - 11.2022
Financial Reporting Analyst
Treewalk
03.2021 - 09.2022
Controller
Allsalt Maritime Corporation
05.2017 - 03.2021
Junior Accountant
Allsalt Maritime
01.2015 - 04.2017
Chartered Professional Accountant -
Western School of Business
Bachelor of Commerce - Business Administration
University of Victoria
Similar Profiles
Mitch WheelerMitch Wheeler
Customer Service Agent at SAXX UnderwearCustomer Service Agent at SAXX Underwear
Leny VargheseLeny Varghese
BI Developer at Saxx UnderwearBI Developer at Saxx Underwear
Merve BaytekinMerve Baytekin
Merchandiser at Bolero Socks and UnderwearMerchandiser at Bolero Socks and Underwear
Brian LiBrian Li
After School Mandarin Tutor at Saint Francis XavierAfter School Mandarin Tutor at Saint Francis Xavier
Hannah BumalaHannah Bumala
Prep Cook at Cork & BubblesPrep Cook at Cork & Bubbles