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

Verified Expert  in Finance

Finance Expert

Location
Montreal, QC, Canada
Toptal Member Since
August 16, 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.

Career Highlights

Board Member
Product Design Group, Inc. (PDG)
CFO
Advanced Health Care Products, Inc.

Education Highlights

Chartered Accountant
Canadian Institute of Chartered Accountants
Bachelor's Degree
John Molson School of Business, Concordia University

Certification Highlights

Certified Public Accountant (AICPA)
American Institute of CPA
Certified Public Accountant (Canada)
Chartered Professional Accountants of Canada

Case Studies

Work Experience

Founder

2019 - PRESENT
GC Reno
  • Designed a multi-platform project management software application that assists property improvement pros by saving time with their daily activities; including 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 based in the US—rolling out the pilot program within selected metropolitan regions, such as Chicago, Raleigh, and Boston.
  • Successfully raised pre-seed capital to support the startup's vision.
Focus areas: Real Estate, Startups, Financial Modeling, Revenue Management, Budgeting, Three-statement Modeling, Financial Planning & Analysis (FP&A), Price Analysis, Financial Forecasting, Revenue & Expense Projections, Fundraising, Market Research, SME/SMB Financing, Discounted Cash Flow Analysis, Product Costing, Due Diligence, Cash Flow Modeling, CFO, Cash Flow Management, United States, Accounting, Software as a Service (SaaS), Forecasting

Investor, Board and Interim CFO

2018 - PRESENT
Sports IQ Analytics
  • Built financial models to assess cash flow activity and customer contract values for operating and capital finance strategic purposes.
  • Oversaw from end-to-end investor capital raise activity and successfully closed rounds.
  • Operated as the interim CFO to assist management on an as-needed basis.
Focus areas: Interim CFO, Fundraising, Startups, Financial Modeling, Three-statement Modeling, Financial Planning & Analysis (FP&A), Mergers & Acquisitions (M&A), Financial Forecasting, Revenue & Expense Projections, SME/SMB Financing, Due Diligence, Cash Flow Modeling, CFO, Cash Flow Management, Accounting, Software as a Service (SaaS), Forecasting

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, United States, Accounting

Investor

2017 - PRESENT
Trendsavvy.com
  • Assisted in the search for angel investors to launch operations and obtain investments in the initial funding round.
  • Consulted on shareholder and fundraising agreements and designed the capital structure for the angel investment and seed fundraising rounds.
  • Led a debt finance raise to support growth initiatives.
  • Built financial models for management guidance and assisted in external fundraising efforts, helping the organization manage and forecast its double-digit month-over-month growth.
Focus areas: Financial Planning & Analysis (FP&A), Debt Raises, Equity Financing, Financial Modeling, Startups, eCommerce, Three-statement Modeling, Mergers & Acquisitions (M&A), Financial Forecasting, Revenue & Expense Projections, Fundraising, SME/SMB Financing, Discounted Cash Flow Analysis, Product Costing, Due Diligence, Cash Flow Modeling, Cash Flow Management, Accounting, Forecasting

Board Member

2015 - PRESENT
Product Design Group, Inc. (PDG)
  • Restructured debt-financed capital to support the double-digit revenue growth initiatives.
  • Guided management in implementing a financial dashboard to highlight better 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 share.
  • Updated 1,000+ SKU details in the ERP system to improve the accuracy of product descriptions and unit costs, helping to enhance customer service billing accuracy and resolution of customer inquiries.
  • Built a pricing model to better account for foreign exchange volatility.
Focus areas: Strategic Planning, Strategic Planning & Execution, Financial Modeling, Budgeting, Three-statement Modeling, Financial Planning & Analysis (FP&A), Price Analysis, Mergers & Acquisitions (M&A), Financial Forecasting, Interim CFO, Revenue & Expense Projections, Fundraising, SME/SMB Financing, Discounted Cash Flow Analysis, Product Costing, Due Diligence, Cash Flow Modeling, Acquisitions, CFO, Healthcare, Cash Flow Management, United States, Accounting, Forecasting, Capital Budgeting

Senior Finance Consultant

2019 - 2020
Zedbed
  • Built a KPI dashboard and financial models for weekly and monthly institutional investor updates.
  • Analyzed internal department processes and operations and provided insights to senior management that improved 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: System Implementation, Data Reporting, Team Development, Budgeting, Financial Reporting Dashboards, Three-statement Modeling, Financial Planning & Analysis (FP&A), Financial Forecasting, Interim CFO, Revenue & Expense Projections, Cash Flow Modeling, Cash Flow Management, Accounting

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 5-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: Taxation, Financial Planning & Analysis (FP&A), Financial Systems, Budgeting, Three-statement Modeling, Price Analysis, Mergers & Acquisitions (M&A), Revenue & Expense Projections, SME/SMB Financing, Healthcare, Accounting

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 that would better position the organization over the long term better, e.g., a database on new market opportunity, R&D tax incentives, and local and regional product reimbursement programs.
Focus areas: Due Diligence, Valuation Modeling, Cost Management, Pricing Strategy, Strategic Planning & Execution, Revenue & Expense Projections, Financial Forecasting, Currency Exchange, Cash Flow Forecasting, Debt Capital Markets, Corporate Finance, Capital Raising, Financial Planning & Analysis (FP&A), Mergers & Acquisitions (M&A), Financial Modeling, Budgeting, Three-statement Modeling, Price Analysis, Interim CFO, Fundraising, Market Research, SME/SMB Financing, Discounted Cash Flow Analysis, Product Costing, Cash Flow Modeling, Acquisitions, CFO, Healthcare, Cash Flow Management, Accounting, Forecasting

Auditor | Tax Analyst

2005 - 2009
Richter
  • Conducted a GAAP and IAS financial statement audit and reviewed 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: Financial Reporting, Income Tax, Audits, Accounting, Retail & Wholesale
2006 - 2007

Chartered Accountant in Accounting

Canadian Institute of Chartered Accountants - Montreal, Canada

2002 - 2006

Bachelor's Degree in Business Administration

John Molson School of Business, Concordia University - Montreal, Canada

FEBRUARY 2016 - PRESENT

Chartered Financial Analyst (CFA)

CFA Institute

DECEMBER 2011 - PRESENT

Certified Public Accountant (AICPA)

American Institute of CPA

SEPTEMBER 2008 - PRESENT

Certified Public Accountant (Canada)

Chartered Professional Accountants of Canada

Finance

Profitability Analysis, Financial Modeling, Due Diligence, Capital Budgeting, Price Analysis, Three-statement Modeling, Cost Management, Financial Planning & Analysis (FP&A), Cash Flow Modeling, Working Capital Management, CFO, Accounting, Forecasting, Market Research, M&A Earn-out Agreements, Mergers & Acquisitions (M&A), Debt Restructuring, Financial Systems, Taxation, Capital Raising, Corporate Finance, Cash Flow Forecasting, Currency Exchange, Revenue & Expense Projections, Pricing Strategy, Valuation Modeling, Income Tax, Financial Reporting, Equity Financing, Debt Raises, Budgeting, Fundraising, Capital Structuring, Revenue Management

Geographic Expertise

Canada, United States

Industry Expertise

Residential Real Estate, Retail & Wholesale, Transportation & Shipping, Financial Services, Healthcare, Consumer Products, Debt Capital Markets, Real Estate, Sports

Output Software

Microsoft Word, Adobe Acrobat Pro, Microsoft PowerPoint, Microsoft Excel, Microsoft Outlook

Other

Audits, Financial Reporting Dashboards, Startups, Interim CFO, Sensitivity Analysis, Revenue Analysis, Gross Margins, Product Costing, SME/SMB Financing, Debt Financing, Cash Flow Management, Discounted Cash Flow Analysis, Strategic Planning, Team Development, Data Reporting, Growth Analysis, Growth Strategy, Operations Management, Inventory Management, Manufacturing, Acquisitions, Pitch Decks, Share Purchase Agreements, Supply Chain Management (SCM), Healthcare IT, Software as a Service (SaaS), Strategy Planning, Strategic Planning & Execution, Corporate Income Tax, Foreign Exchange, Pricing Models, Consulting, Financial Forecasting, System Implementation, Industry Analysis, Revenue Strategy, Company Strategy, eCommerce, Business Administration, Order Management, Sage ERP, Direct/Indirect Sales & Distribution

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