George is available for hire
Hire GeorgeGeorge G. Shapovalov, CFA
Verified Expert in Finance
Finance Expert
Location
Berkeley, CA, United States
Toptal Member Since
December 13, 2017
George is a seasoned CFO and former Citibank banker with 17 years of experience executing $2+ billion in debt, equity, and M&A transactions for public and private companies across a variety of industries. He's an independent consultant who helps clients with corporate finance, capital raising, and M&A for growth as well as turnarounds.
Career Highlights
CFO
Eques Finance
CFO
Yva companies
Vice President
Citibank
Education Highlights
Chartered Financial Analyst (CFA)
CFA Institute
Master of Business Administration Degree (MBA)
Darden School of Business, University of Virginia
Case Studies
Industry Expertise
Other Expertise
Work Experience
CFO
2015 - PRESENT
Eques Finance
- Structured the transaction and built a cross-border acquisition model for a multibillion-dollar public domestic energy company (target); the buyer has engaged the target and a deal is pending.
- Developed a leveraged acquisition model for a $100 million servicing company (target), resulting in its acquisition.
- Built a comprehensive valuation model of a healthcare services provider that enabled investment in the company.
- Performed a statistical simulation of portfolio performance for a $1 billion fund which helped to attract serious interest from new investors.
- Developed a sales projection and five-year budget (three financial statements) for a SaaS company, resulting in Series A funding.
- Created a financial model for business growth decision analysis at a biotech startup.
- Prepared a full operating model for a technology hardware company with a global supply chain which enabled the fundraising process and resulted in VC funding.
- Performed due diligence and financial analysis and interviewed the management of small- and medium-sized companies to value acquisition attractiveness.
Focus areas: Valuation, Risk Management, Project Finance, P&L Forecasting, Monte Carlo Simulations, Market Research, Leveraged Buyout Modeling, Industry Analysis, Financial Statements, Financial Planning & Analysis (FP&A), Financial Modeling, Due Diligence, Cash Flow Forecasting, Capital Structuring, Business Strategy, Mergers & Acquisitions (M&A), Budgeting, Controls, Corporate Finance
Interim CFO
2021 - 2021
R.F. MacDonald Co.
- Facilitated and managed the generational transition in a family-owned business with $100+ million in sales and 250+ employees in nine offices.
- Managed the areas of financial operations, financial planning and analysis (FP&A), budgeting, compliance, risk management, HR, IT, and legal.
- Collaborated with regional general managers at nine offices in California and Nevada on FP&A and business analytics to provide actionable business insights for local management and the executive team.
- Controlled capital investments, operating expenses, and compensation, benefits, and hiring.
- Negotiated contracts with major clients and managed relationships with banks, partners, and vendors.
Focus areas: Business Strategy, Operational Finance, Accounting, Debt Financing, CFO, Technology
CFO
2019 - 2020
Yva companies
- Raised and closed a $5.5 million funding round; negotiated terms and conditions, prepared the company for due diligence and audit, managed the data room, answered investor questions, and worked on legal documents.
- Oversaw all financial operations of the company including FP&A, budgeting, reporting, KPI dashboard, investor relations, risk management, compliance, legal, HR, and compensation.
- Achieved $350,000 in incremental annual cash savings by using R&D tax credits and introducing treasury management practices.
- Built a new budget model incorporating four business entities in three countries, different business segments, different tax regimes, aggregation into a global P&L, variance analysis, and reports.
- Worked closely with the sales team on major accounts management, partnerships, profitability evaluation of marketing campaigns, pipeline management, and revenue forecasting.
- Managed five team members directly under a Matrix structure and introduced a professional development plan for each.
Focus areas: Financial Planning & Analysis (FP&A), Fundraising, SaaS, Operations Analytics, Governance, Legal, Compliance, Controls, Budgeting, Risk Management, Strategy, Finance, CFO
Vice President
2010 - 2015
Citibank
- Structured the $450 million debt financing for a private multinational company with more than $1 billion in sales.
- Modeled and structured a $650 million syndicated debt financing for a domestic public consumer company.
- Analyzed and structured four M&A transactions for acquisitions of private companies operating in the service, retail, and energy industries with up to $100 million in value.
- Performed a business analysis by assessing the corporate strategy and competitiveness, researching industry dynamics and cycles, identifying the value creation mechanisms, and reviewing the regulatory landscape.
- Evaluated the earnings quality and operating cash flow sustainability based on GAAP and IFRS financial reports, assessed the reporting quality, and rebuilt the statements to identify misclassifications and irregularities.
- Prepared the balance sheet and the income and cash flow statements to forecast future cash flow for public and private companies in the industrials, service, energy, consumer goods, and technology sectors with $200 million to $2 billion in revenue.
- Valued companies using discounted cash flow, comparable company, acquisition precedents, and sum-of-the-parts analyses.
Focus areas: Valuation, Transaction Structuring, Risk Management, Project Finance, P&L Forecasting, Mergers & Acquisitions (M&A), Market Research, Lending, Leveraged Buyout Modeling, Industry Analysis, Financial Statements, Financial Planning & Analysis (FP&A), Financial Modeling, Due Diligence, Debt Structuring, Credit Risk, Cash Flow Forecasting, Capital Structuring, Capital Markets, Business Strategy
Risk Management Consultant
2005 - 2007
Experian Decision Analytics
- Consulted banks on portfolio risk management and helped clients prevent a combined total of $350 million in potential losses.
- Modeled the portfolio performance and risks using Monte Carlo simulation which consisted of developing risk management frameworks and decision analytics processes.
Focus areas: Valuation, Risk Management, Quantitative Analysis, Portfolio Analysis, Monte Carlo Simulations, Lending, Investment Portfolio Management, Investment Analysis, Due Diligence, Credit Risk, Business Strategy
Project Finance Manager
2004 - 2005
Rosan Finance
- Organized and managed three $3-6 million debt financing transactions for infrastructure projects in telecommunications and transportation; was involved in all parts of the process from the preparation of the initial investment proposal to the closing financing with banking syndicate.
- Built project financing models and performed financial analysis for debt repayment and profitability; forecasted the cash flow and identified the default risk.
Focus areas: Valuation, Transaction Structuring, Risk Management, Project Finance, P&L Forecasting, Market Research, Investment Analysis, Industry Analysis, Financial Planning & Analysis (FP&A), Financial Modeling, Due Diligence, Credit Risk, Cash Flow Forecasting, Capital Structuring, Capital Markets
Financial Analyst
2003 - 2004
Bank Elektronika
- Analyzed the financial statements of companies in the construction, manufacturing, and telecommunications sectors and performed due diligence on them. Prepared projections for the companies’ ability to service debt.
- Monitored the performance of the portfolio companies and adjusted the risk ratings based on the qualitative assessment and quantitative analysis.
- Assessed credit risks and monitored the covenant compliance of the portfolio companies.
Focus areas: Transaction Structuring, Risk Management, Portfolio Analysis, P&L Forecasting, Market Research, Lending, Investment Portfolio Management, Investment Analysis, Industry Analysis, Financial Statements, Financial Planning & Analysis (FP&A), Financial Modeling, Due Diligence, Debt Structuring, Credit Risk, Cash Flow Forecasting, Capital Structuring, Capital Markets, Business Strategy
Senior Research Analyst, Physics Department
1998 - 2003
Lomonosov Moscow State University
- Published three scientific papers on the formation and propagation of self-reinforcing electromagnetic waves (solitons) and presented at several national and international conferences.
- Introduced a new algorithm for numerical simulations which substantially decreased the calculation/modeling time from weeks to days without a loss of precision and quality of simulation.
Focus areas: Monte Carlo Simulations, Research, Quantitative Analysis
Education
2015 - 2017
Chartered Financial Analyst (CFA) in Finance
CFA Institute - Charlottesville, VA, USA
2008 - 2010
Master of Business Administration Degree (MBA) in Finance
Darden School of Business, University of Virginia - Charlottesville, VA, USA
1999 - 2001
Master's Degree in Physics
Lomonosov Moscow State University - Moscow, Russia
1995 - 1999
Bachelor's Degree in Physics
Lomonosov Moscow State University - Moscow, Russia