Stephen Davies

Alba Consulting and Accounting Inc.

President - Dec 2012 to present

Created Business Plans that created $1.7M in funding and turned client company around based on cost reductions and corporate services expertise.

Vice President Corporate Services                                                                     Jan 2011-2013

Pearson Centre                                                                                           

Provided leadership to the finance, information technology, human resources and facilities teams at PPC leading the organization through a transition in business and funding models, ensuring efficient use of capital and human resources in order to obtain strategic goals of the organization

Ø  Reduced operating expenses  by over $5M in 10 months

Ø  Successfully implemented IT strategies resulting in improved services and a reduction in risk by addressing business continuity and disaster recovery issues

Ø  Implemented process efficiencies and resource reallocation resulting in a reduction in Corporate Services staff by 70%

Ø  Improvement in reporting timelines from 90 days to 5 days with increase accuracy and implementation of metrics to measure business operations against the organization’s strategic plan

Ø  Implemented controls, policies and procedures in order to facilitate financial management and minimize operational risk

Ø  Initiated the development of  new revenue and costing models resulting in revised forecasts and cost targets that ensured ongoing sustainability

Ø  Steered organization from reliant on Government funding to for profit model

Ø  Negotiated with Government for approval of business process

Ø  Negotiated with Federal and Provincial counterparts

Vice President Corporate Services                                                                     2008-Dec 2010

National Capital Region YMCA-YWCA

Lead the finance, IT, legal and human resource operations, including daily financial management and control, financial reporting to the Board and Executive Management team, budgeting and strategic business planning and streamlining supply chain management process

Ø  Turned around 12 year deficits culminating in $1M deficit in 2008 to balanced budget in one year

Ø  Implemented controls and policies and procedures in order to facilitate financial management

Ø  Oversaw internal and external audit, risk and legal aspects of Organization

Ø  Chief negotiator from Employer side for three unions with membership of 300 staff

Ø  Report and direct on $20M Operating budget, and $35M Capital Budget

Ø  Worked with CEO to ensure RINC proposals were accepted, and managed ongoing relationship and reporting

Ø  Worked with Federal, Provincial and Municipal ministers and councillors

Ø  Report to Finance Committee, Audit Committee, Facilities Committee and Board monthly

Ø  Oversaw IS turnaround to align IS with Organizational goals.

Ø  Oversaw strategic growth of Organization with $30M redevelopment strategic Plan

Ø  Ensure funding for Capital Plan was in place, both with banks, and Donations

Ø  Member of Strategic Leadership Group providing counsel to CEO and Board

Ø  Provided strong leadership to Finance, HR, IS departments in time of immense strategic change

Ø  Worked with banks and partners to reengage with the mission of the Y, ensure covenants were covered and to strive towards better relationships with our financial partners

Chief Financial Officer                                                                                                          2007–2008

Unionville Home Society

Provided leadership to finance department, reporting to the finance committee and Board of Directors monthly by planning, managing and providing controls, and overseeing the budgeting, forecasting and production of the financial statements.

This included being the Corporate Services lead for Accreditation, overseeing the MIS implementation in April 2008, seeking out and implementing a new ERP system (Microsoft Navision) and a BI solution (Performancepoint Server).Worked with the Ministry of Health, Markham Stouffville Hospital and York Region CCAC in implementing community triage system.

Partner                                                                                                                                     2006–2007 

Ryan Davies and Associates

Partner in a consulting services firm providing strategic financial advisory services to small and medium sized growth enterprises by offering the expertise of an accomplished financial executive to assist managing strategy development and financial performance.

Varied clients included Chartered Accountancy firms, Colleges and Universities, Investment firms, Long Term Care facilities, and medical device manufacturers.

Examples of projects were preparing restricted fund and deferred fund reporting for the college, and preparing a cost justification model for KCI Medical on the financial benefits of VAC assisted therapy vs. conventional therapy.

Director of Finance                                                                                                                            2003-2006

Toronto Grace Hospital

Provided leadership to the finance department, with regard to the day to day running of the corporate services area.

This included preparing the Hospital Annual Report, directing the preparation of annual budgets, forecasts, and monthly financial statements, overseeing the costs for a proposed new hospital in partnership with Markham Stouffville Hospital, and planning managing and controlling the finance functions of the hospital.

Manager of Finance and Administration                                                                           2001-2003

North York Community Care Access Centre

Led the finance department through the implementation of Cognos BI tool for reporting, through IT rollout of new laptops for nursing staff. Prepared monthly financial statements, annual audit preparation and budget preparation.

Implemented the MIS system in the CCAC, and implemented a cost justification analysis model for organization with regard to nursing and personal support hours for palliative, geriatric, pediatric and rehabilitation departments.

Senior Financial Analyst                                                                                                     1998-2001

Baycrest Centre for Geriatric Care

Prepared budgets and assisted department heads in the preparation of their budgets for all departments of the hospital, foundation and research areas. Analysed variances on a monthly basis and reported these findings to the Controller and the VP Finance. Transferred the MIS system from disk based reporting to online.

UK Experience                                                                                                                         1986-1998

Clydesdale Bank Plc

Direct Line Insurance

Houston and Company - Chartered Accountants

The Kelvin Partnership – Chartered Accountants

In the UK, I worked for the Clydesdale Bank as a bank Accountant, and with Direct Line Insurance as a management accountant, overseeing costing, treasury margins and overall profitability.

With Houston and Company, I worked as an accountant dealing with companies in trouble and enabling them to be profitable, and with the Kelvin Partnership, I was an accountant, preparing financial statements, audits etc for many varied businesses.