Vadym Korsun
Maple,ON
Summary
Accountant and FP&A professional with over 10 years of experience in corporate finance, possessing strong analytical skills and expertise in financial planning and analysis. Skilled in driving strategic initiatives, streamlining financial processes, and providing actionable insights. A detail-oriented professional with a proven track record of achieving measurable results in dynamic and challenging environments.
Overview
16
16
years of professional experience
Work History
Business Analyst
Toronto School of Management
04.2023 - 12.2024
- Analyzed business processes to identify inefficiencies and recommend improvements, resulting in decrease of expenses by 4%
- Prepared monthly consolidated financial reporting by entity and business unit with high-level commentary on results, and investigated any drivers of significant variances
- Developed and implemented a new budget methodology that cut budget variances in reporting by 20%, giving management a clearer picture of spending.
- The company's internal audit system was built from scratch. A system for analyzing key KPIs and regulatory documentation for conducting periodic audits has been developed.
- Conducted an on-site internal audit of a subsidiary in India, along with several subsequent periodic audits, which resulted in identifying and achieving $200,000 in annual cost savings through renegotiating supplier contracts.
- Revised and reconciled subsidiary financial statements during audit to ensure full compliance with IFRS, enhancing transparency and consistency in consolidated reporting.
General Accountant
Toronto School of Management
11.2022 - 04.2023
- Full-cycle accounting (journal entries, A/R, A/P, etc.)
- Managed monthly reconciliations to ensure the accuracy of financial records. Reduced financial errors by 10% through careful handling of transaction bookkeeping, account reconciliation, and adjusting journal entries.
- Prepared and analyzed financial statements for management review.
- Lowered financial report preparation time by 20% by implementing an advanced Excel spreadsheet.
- Assisted the Finance team with general accounting duties, month-end closing, and audit preparations.
- Supported budget planning, monitored expenses, and provided timely updates to management on variances.
Senior Financial Analyst
Confectionery Factory Kviten, LTD
08.2016 - 04.2022
- Led the FP&A team at an enterprise with a monthly revenue exceeding 10 million dollars.
- Implemented budgetary control measures, resulted in
- Developed a system of analytics and reporting that reduced the time for data collection and analysis by 40%.
- Implemented a new accounts receivable management strategy that reduced the average number of days to collect payments (Days Sales Outstanding) from 60 to 45, improving the company's working capital position.
- Calculated, analyzed, and executed over 4 investment projects per month, ranging from 100 thousand to 10 million dollars.
- Created complex financial models using advanced Excel functions. Conducted financial analysis and reporting within the context of financial responsibility centres.
- Developed and implemented financial strategies, policies, models, and systems.
Accountant
ATB-Market, LTD
08.2013 - 08.2016
- Full-cycle accounting and reporting, ensuring compliance and accuracy at one of the largest FMCG companies in Ukraine (journal entries, reconciliations, month-end closing, audit support).
- Financial reporting: preparation of financial statements and board materials.
- Cut accounts payable processing time by 20% through streamlined procedures.
- Assistance in developing accounting policies.
- Led monthly financial closings, ensuring compliance with IFRS and accuracy of reports.
- Created and maintained comprehensive audit trails for all financial transactions, which helped streamline the annual external audit and resulted in zero findings.
- Improved budgeting processes, which enhance departmental efficiency and forecasting accuracy.
Project Manager
S.I. Group Corporation LTD
04.2009 - 07.2013
- Calculation and presentation of over 80 investment and optimization projects
- Reengineered essential business processes across all sectors of the Corporation's operations.
- Developed detailed project plans, timelines, and resource allocation strategies.
- Led cross-functional teams to ensure projects were completed on time and within budget.
Education
Masters Degree - Finance
National Mining University of Ukraine
Dnipro, Ukraine07.2003
Bachelors Degree - Economics
National Mining University of Ukraine
Dnipro, Ukraine06.2002
Skills
- Strong analytical skills
- Strong leadership skills
- Fast learner
- Flexible and Adaptable
- Collaboration
- Conflict Resolution
- Expert knowledge in finance
- Exceptional reporting skills
Timeline
Business Analyst
Toronto School of Management
04.2023 - 12.2024
General Accountant
Toronto School of Management
11.2022 - 04.2023
Senior Financial Analyst
Confectionery Factory Kviten, LTD
08.2016 - 04.2022
Accountant
ATB-Market, LTD
08.2013 - 08.2016
Project Manager
S.I. Group Corporation LTD
04.2009 - 07.2013
Masters Degree - Finance
National Mining University of Ukraine
Bachelors Degree - Economics
National Mining University of Ukraine