Financial Business Development Corp.

Florian M. Meyer, MBA, CA
Oakville, Ontario
(905) 847-8681

PROFILE

     A creative and resourceful Financial Management Consultant with a proven track record in Management, Finance, Controllership and Treasury functions. Excels in opportunities identification and solutions development. Possesses a solid understanding of financial management and technology issues, combined with strong interpersonal, communication and leadership abilities.

BUSINESS EXPERIENCE

FINANCIAL BUSINESS DEVELOPMENT CORP. (FBDC), Oakville1996-Present
Financial Management Consultant

Specializes in change-management for rapid growth, mid-sized, owner-managed organizations.
Assists in the financial transition from young entrepreneurial entities to structured and responsive companies.
Some of FBDC's assignments to date have been:

  • Managed the financial affairs of a TSE listed medical software company as the Interim CFO.
  • Developed comprehensive financial models with summaries and graphs that enabled several organizations to fund their start-tup by either an IPO or through Private Placement.
  • Directed senior executives of a rapid growth business to more than double the company's selling price and substantially reduce their tax liabilities. They sold out to a large Canadian public company.
  • Organized and restructured the management and internal systems of a software development company, and developed the financial/business plan to secure funding for a new entity.
  • Researched, developed and presented a financing presentation for a Federal Government - Building Energy Conservation Program to compare and contrast various financing options.
  • Performed economic/financial reviews of numerous proposals for building energy reduction projects.
  • Became the outsourced Accounting Department, with assistance of associates, for many entities.
  • Directed the closing of the financial records for a Canadian subsidiary of a Japanese conglomerate.
  • Successfully managed the resolution of an ownership buy-out dispute for a hight potential, high-tech company.
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    TESCOR ENERGY SERVICES INC., North York 1994-1996
Chief Financial Officer
  • Successfully managed the financial function of this environmental energy conservation company.
  • Contributed to the tripling of revenues and recognition on the Financial Post's list of Canada's Fifty Best-Managed Private Companies and by Profit Magazine as Canada's 18th Fastest Growing Company.
  • Worked with the CIO in selecting and implementing new accounting software.
  • Directed the cash management function which contributed 30% of the company's net income.
  • Developed a tax strategy that enabled the company to defer $2 million in income taxes.
  • Orchestrated the introduction of a new bank resulting in a 56% increase in the operating line.
  • Structured and negotiated many project financings at an average rate of 4.5% below previous costs.
  • Created six "accounting responsibility centres" that motivated each staff member to self-manage.
  • Improved processing controls, and increased company-wide administrative efficiency.
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    RJR NABISCO HOLDINGS CORP, Toronto 1991-1994
Assistant Treasurer
  • Initiated and implemented the restructuring of year-end debts to reduce capital taxes by $1.2 million.
  • Decreased annual interest costs by $500,000 on $250 million of short-term borrowings.
  • Saved over $1 million in insurance costs by researching and re-calculating premiums.
  • Managed financial risk minimization and over $370 million in pension investments.
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    CREDIT COMMERCIAL DE FRANCE (CANADA), Toronto 1989-1990
Assistant Vice President
  • Increased loan portfolio by 45% prior to the bank's sale.
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    BOW VALLEY ENERGY INC, Calgary 1982-1989
Group Controller, BOVAR Hazardous Waste Management 1986-1989
  • Initiated and managed an accounting department for the new hazardous waste processing entity.
  • Senior financial representative at Audit and Operating Committees and Parent's Board of Directors.
  • Directed the development and implementation of a $1 million custom-designed computer system which optimized waste processing.
  • Researched and implemented a comprehensive hazardous waste insurance protection program.
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    Internal Audit Manager, Bow Valley Energy Inc. 1985-1986
Senior Auditor, Bow Valley Energy Inc. 1982-1984
  • Instituted Operational Auditing which significantly contributed to the bottom line.
  • Resolved two disputes regarding the value of jointly owned facilities worth more than $300 million.
  • Settled a long-standing dispute resulting in savings of $12 million U.S.
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    ROYAL BANK OF CANADA, Montreal 1981-1982
Assistant Manager, Project Financing (National Accounts) 
    BANK OF MONTREAL, Montreal 1979-1981
Assistant Manager, Corporate Banking 
    PRICE WATERHOUSE, Montreal 1976-1979
Senior Auditor

    EDUCATION AND AFFILIATIONS

    Chartered Accountant, 1979
    MBA, Concordia University 1976
    BA Economics, Sir George Williams University, 1974

  • On the Board of Directors of the Toronto Chapter of the Financial Executives Institute Canada and Member of the Government Relations Committee
  • Committee of the Financial Executives Institute Canada
  • Past Secretary-Treasurer and Director of the Pension Investment Association of Canada and was a member of the Corporate Governance Committee
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