Randy Margalith, Finance Expert in Montreal, QC, Canada
Randy Margalith

Finance Expert in Montreal, QC, Canada

Member since August 9, 2017
As CFO and shareholder of a medical device company, Randy validated and managed strategic projects, overseeing the company's growth by more than twofold. Under his leadership, its creditors were paid 20% faster than scheduled, and in late 2016, the company was sold to a subsidiary of AB Investors Group. He enjoys leveraging his entrepreneurial experiences to advise clients on matters of corporate finance, budgeting and working capital management.
Randy is now available for hire

Career Highlights

Education

Select Certifications

Case studies

Industry Expertise

  • Healthcare
  • Retail & Wholesale

Other Expertise

Employment

  • Founder

    2019 - PRESENT
    GC Reno
    • Designed a multi-platform project management software application to assist property improvement pros to save time with their daily activities. With strategic partnerships, GC Reno has access to over 6,000 pros throughout Canada.
    • Formed strategic partnerships with the national realtor association and a national remodeller pro network within the US. Rolled out the pilot program within selected metropolitan regions (Chicago, Raleigh, and Boston).
    • Successfully raised pre-seed capital to support the startup's vision.
  • Senior Finance Consultant

    2019 - PRESENT
    ZedBed
    • Built a KPI dashboard and financial models for weekly and monthly institutional investor updates.
    • Analyzed internal department processes and operations to provide insight to senior management to improve productivity, including migrating IT systems to the parent company and onboarding software applications to manage expense processing.
    • Rebuilt the financial budget for internal management purposes.
    Focus areas: Financial Reporting Dashboards, Budgeting, Team Development, Data Reporting, System Implementation
  • Investor, Board and Interim CFO

    2018 - PRESENT
    Sports IQ Analytics
    • Built financial models to assess cashflow activity and customer contract values for operating and capital finance strategic purposes.
    • Oversaw end to end the investor capital raise activity and successfully closed rounds.
    • Operated as interim CFO to assist management on an as needed basis.
  • IFRS Consultant

    2018 - PRESENT
    Dorel Industries (TSX: DII.A, DII.B)
    • Spearheaded the implementation of new IFRS 16 standards.
    • Designed and implemented IFRS 16 software training resources to be adopted by the Dorel finance department across the globe.
    • Reviewed Dorel's leases, a $195 million line item as of Q1 2019, and their monthly and quarterly financial reporting impact.
    Focus areas: Financial Reporting
  • Investor

    2017 - PRESENT
    Trendsavvy.com
    • Assisted in the search for angel investor capital to launch operations and invested in the initial funding round.
    • Consulted on the shareholder and fundraising agreements, as well as designed the capital structure for the angel investment and seed fundraising rounds.
    • Led the debt finance raise to support growth initiatives.
    • Built financial models for management guidance and to assist in external fundraising efforts, helping the organization manage and forecast its double-digit month-over-month growth.
    Focus areas: Equity Financing, Debt Raises, Financial Planning & Analysis (FP&A)
  • Board Member

    2015 - PRESENT
    Product Design Group, Inc. (PDG)
    • Restructured debt-financed capital to support the double-digit revenue growth initiatives.
    • Guided the management to implement a financial dashboard in order to better highlight its financial performances for the board members and senior management.
    • Led the negotiations with key vendors to control production costs which led to an average savings of 10%.
    • Built a market landscape report for the sales management team to better quantify the organization's market position and market share.
    • Updated 1,000+ SKU details in the ERP system to improve the accuracy of product descriptions and unit costs, helping to enhance both customer service billing accuracy as well as the resolution of customer inquiries.
    • Built a pricing model to better account for foreign exchange volatility.
    Focus areas: Strategic Finance Management, Strategic Planning
  • Contractor

    2016 - 2016
    Permobil
    • Wrote financial reports to integrate the financial information from a subsidiary with the parent company ERP system.
    • Built a financial model for a five-year historical balance sheet and P&L variance analyses. The model adjusted for non-recurring and non-related business items to better reflect business operations.
    • Advised the team on consumption tax differences between the US and Canadian markets.
    Focus areas: Financial Systems, Financial Planning & Analysis (FP&A), consumption taxes
  • CFO

    2009 - 2016
    Advanced Health Care Products, Inc.
    • Designed financial models to analyze historical and projected financial positions.
    • Identified trends and provided recommendations to maximize profitability.
    • Presented investment decks to raise, restructure, and negotiate the financing for operational and growth purposes.
    • Implemented currency exchange trading policies to hedge currency risks with international transactions.
    • Built analytical tools to value and assess the viability of various initiatives, including reviews of domestic and international M&A, multi-divisional corporate restructurings as well as a review of the product portfolio.
    • Designed and implemented pricing models for all product lines, which consisted of 1,000+ offerings.
    • Managed market research initiatives intended to improve opportunity assessment and better position the organization over the long-term. These initiatives included the construction of a market and network landscape database, attainment of R&D tax incentives, and the establishment of local and regional product reimbursement programs.
    Focus areas: Mergers & Acquisitions (M&A), Financial Planning & Analysis (FP&A), Capital Raising, Corporate Finance, Debt, Cash Flows, Currency Exchange, Financial Projections, Revenue & Expense Projections, Strategic Finance Management, Pricing Strategy, Cost Management, Valuation Modeling, Due Dilligence
  • Auditor | Tax Analyst

    2005 - 2009
    Richter
    • Conducted GAAP and IAS financial statement audit and review engagements in the real estate, retail, manufacturing, distribution, not-for-profit, healthcare, and software sectors.
    • Developed statistical audit mandates for organizations that had received government subsidies and funding. The statistics were the non-financial covenants set with the respective government agency.
    • Prepared personal and corporate tax returns.
    Focus areas: Audit mandates, Income Tax, Financial Reporting

Education

  • Chartered Accountant in Accounting
    2006 - 2007
    Canadian Institute of Chartered Accountants - Montreal, Canada
  • Bachelor's degree in Business Administration
    2002 - 2006
    John Molson School of Business, Concordia University - Montreal, Canada

Certifications

  • Chartered Financial Analyst (CFA)
    FEBRUARY 2016 - PRESENT
    CFA Institute
  • Certified Public Accountant (AICPA)
    DECEMBER 2011 - PRESENT
    American Institute of CPA
  • Certified Public Accountant (Canada)
    SEPTEMBER 2008 - PRESENT
    Chartered Professional Accountants of Canada

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