Elie Benatar, Resume

ELIE N. BENATAR CA CPA CFE

11 Sirocco Drive

Willowdale, Ontario M2H 2E7

Fax: 416-493-8558

Tel: 416-493-2393

E-mail: napeli@home.com

Trilingual: English, French, Spanish

PROFESSIONAL REPUTATION:

A bottom-line oriented Professional with a proven track record initiating growth and profitability for National and Multi-National Enterprises worldwide

DESIGNATION PROFILE:

Chartered Accountant (CA), Toronto 1979

Certified Public Accountant (CPA), Illinois 1993

Certified Fraud Examiner (CFE), Texas 1997

AREAS OF EXPERTISE

ü Automated Accounting Information Systems

ü Strategic Business Plans and Financing

ü Daily Administrative and Financial Reporting

ü Operational Assessments and Restructuring

ü Taxation: Canadian, American (Corporate/Personal)

ü Project Management / GST & PST audits

ü Computer Systems Upgrades and Installations

ü Forensic Investigations

DEMONSTRATED SKILLS AND ACCOMPLISHMENTS

Researched, investigated and analyzed client companies:

Integrated computerized Costing and Financial Systems / Negotiated with banks

Reconfigured systems and organizational structures / Upgraded plant and office equipment

Replaced unsuccessful products with profitable lines

Results: Companies achieved complete turnaround

Increased sales and profits / Reduced costs / Less lead time for materials
Resolved liquidity problems / Realized up to 500% sales & profitability increase
One client company went public with growth rate of 5 fold

Gained experience on multi-national and international business fronts:

Built a Computerized Export System / Excelled at Foreign Exchange Planning

Performed Overseas Trade Mission (14 companies in 5 days) / International Trade Shows

Opened Overseas Markets / Reorganized 8 multi-national companies within 6 months

Results: Worldwide exports grew substantially with zero bad debts for 5 years

Held 3 month Mergers & Acquisitions assignment in Johannesburg, South Africa
Appointed Group Financial Controller of multi-national conglomerate World Treasury

Devised corporate policies and controls for North American companies:

Focussed on growth and profitability in manufacturing & office environments

Implemented Credit Control System, Fiscal and Excise Tax minimization

Reviewed and restructured operations of head offices, subsidiaries, and acquisitions

Familiarized myself with Quebec banking procedures etc. to monitor Quebec subsidiaries

Results:

No bad debts from bankruptcies of well-known firms

Enforced Inventory & Budget Control by Internal Controls & Management Reports

Provided Goal-Directed Leadership to Initiate Directives:

Built and managed results-driven Financial and Administrative Operations

Blended Accounting & Information Systems experience to assess business solutions

Worked on Military Proto-type and participated in Ottawa's Military Tradeshow

Spearheaded non-negotiable Policies and Procedures

Results:

Maximized operational productivity, fiscal efficiency and company integrity

Discovered $100,000 fraud by former director / Recuperated funds

GENERAL BUSINESS MANAGEMENT / CONSULTATION

Negotiated business opportunities for clients in several industries around the world

Nurtured strong relationships within the banking industry to establish the groundwork for growth

Initiated "Bottom Line Management Style" exceeding projected returns in all areas:

Purchasing: negotiated supplier terms, volume pricing, cost reduction programmes
Finance: financial statements, taxation, foreign exchange, payroll
Information Management Systems: upgrading and conversions

PROFESSIONAL DEVELOPMENT

Continuing Education crucial to updating information and keeping skills current:

USA and Canadian Taxation - Corporate & Personal / Trusts & Estates
Costing and Financial Management / Reporting
Business Valuations / Expansion to USA / Transfer Pricing
Strategic Planning / Internet Business Applications

CAREER HISTORY

1993 - Present CONTROLLERS INTERNATIONAL - Partner (Management Consultants)

Reorganized client financial records - Excellent results in over 75% of cases

ü Qualified client for PST auditor's withdrawal of $7500 charge

ü Saved bankruptcy of client with 3 businesses - obtained $450,000 loan

ü Arranged finances for $150K businessman to pay no income tax one year

ü Reduced Income Tax ($20K to $5K) for client with same income both years

1987 - 1992 TAPE SPECIALTIES LTD. - Corporate Controller Hardware Manufacturer)

Reinstituted positive cash flow / Updated and computerized all areas of administration

ü Reduced fees $20K to $6K for both audit & insurance

ü Restructured term and demand loans with bank

1983 - 1986 SHERWOOD INDUSTRIAL OFFICE SYSTEMS INC. - CFO (Manufacturer)

Improved finances / Negotiated loans at prime +3/4% / Computerized inventory

ü Negotiated 60 day term with suppliers / Reduced costs and lead time

ü Acquired The National Research Council R & D Grants for new products

1976 - 1983 NIGHTINGALE INDUSTRIES LTD. - VP Finance & Administration (Manufacturer)

Updated Accounting System, Code Manual, Operation Routing, Chart of Accounts

ü Increased sales 500% - Company went public

1978 LEP INTERNATIONAL LTD. - Secretary-Treasurer (Freight Forward / Customs Brokers)

Introduced Financial Reporting System / Improved Cash Flow & Foreign Exchange

GERBER-GOLDSCHMIDT GROUP - Group Financial Controller (Multinational Group)

Designed computerized Export Programme / Updated 8 companies' payables in 6 months

PROFESSIONAL AFFILIATIONS

§ Board of Trade of Metropolitan Toronto

§ Association of Fraud Examiners

§ Institute of Chartered Accountants of Ontario

§ Association of Independent Consultants

§ American Institute of Certified Public Accountants

§ North York Chamber of Commerce

§ Illinois Society of Certified Public Accountants

§ Toastmasters International: French / English

§ South African Institute of Chartered Accountants

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