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Oleg Tsymbalov

Oleg Tsymbalov

Moscow, Russia
Member since June 24, 2017
Oleg built a financial model for his client to analyze a deal that led to a successful $700+ million acquisition in the railroad sector. He has extensive experience working with founders of mid-sized Russian-based businesses to increase their profitability and financial stability. As a part-time CFO, Oleg enjoys the challenge of managing clients' finances in various industries and looks forward to continuing this work at Toptal.
Oleg is now available for hire
Career Highlights
Education
Case studies
Software Expertise
  • Microsoft Excel
Other Expertise
  • CFO
  • Financial Planning & Analysis (FP&A)
  • Financial Reporting
  • Forecasting
  • Profitability Analysis
  • Russia
  • Three Statement Operating Model
Employment
  • Founder, Part-Time CFO
    2009 - PRESENT
    Tsymbalov CFO Services
    • Headed a successful project involving the implementation of IFRS reporting at an outstaffing group of companies with 20,000+ employees.
    • Created a financial model and consulted a client on a successful $700+ million acquisition in the railroad sector.
    • Prepared a financial model for a $120+ million wood processing project that the client used in negotiations with a top-5 Russian bank.
    • Created monthly budgeting and management reporting from scratch at a travel agency operating several branches in Moscow.
    • Wrote the book "Financial Control for a Business Owner," a practical easy-to-use guide for a company founder learning how to manage personal and company finances.
    Focus areas: Financial Planning & Analysis (FP&A), Financial Modeling, Budgeting, Variance Analysis, Profitability Analysis, Three Statement Operating Model, Financial Reporting
  • Finance Director
    2008 - 2009
    ZAO TV Daryal (DTV)
    • Supervised settlements (calculated final amounts of payables and loans between buyer and seller and ensured their timely payment) during post-closing of the $395 million acquisition of DTV by CTC-Media (Russian TV conglomerate).
    • Set up monthly US GAAP reporting as required by CTC-Media (DTV's parent company).
    • Implemented CTC-Media procedures, where necessary, to bring DTV in compliance with Sarbanes-Oxley Act requirements.
    • Directed the reconfiguration of 1C (Russian accounting software) in accordance with CTC-Media requirements.
    • Oversaw the preparation of monthly financial reports and budget-to-actual analysis.
    Focus areas: Budgeting, Financial Planning & Analysis (FP&A), Financial Reporting, Variance Analysis, Profitability Analysis, Three Statement Operating Model
  • Finance Director
    2008 - 2008
    COMCOR (Moscow Telecommunications Corporation)
    • Led Accounting, Finance and Billing Departments with approximately 50 persons in total.
    • Prepared IFRS financial statements, coordinated timely completion of IFRS audit, and resolved complex issues with KPMG.
    • Performed monthly multi-factor budget-to-actual analysis of P&L.
    Focus areas: Budgeting, Financial Planning & Analysis (FP&A), Financial Reporting, Three Statement Operating Model
  • Finance Director
    2006 - 2008
    ZAO Europe Foods GB (Gallina Blanca Russia)
    • Led the project of upgrading SAP FI and CO modules.
    • Prepared annual budgets and revised them quarterly. Conducted monthly, multi-factor budget-to-actual analyses of sales, cost of sales and expenses.
    • Supervised the preparation of monthly IFRS reports in accordance with Gallina Blanca Star Group standards.
    • Cut overhead costs, including marketing expenses of unattractive projects, interest expense, and entrance fees into retail chains.
    • Prepared presentations for the Board of Directors.
    Focus areas: Budgeting , Financial Planning & Analysis (FP&A), Financial Reporting, Variance Analysis, Three Statement Operating Model, Profitability Analysis
  • Financial Controller
    2002 - 2006
    Moscow Efes Brewery
    • Created methodology of IFRS reporting in the successful SAP implementation at 3 breweries.
    • Prepared IFRS financial statements and notes included in the IPO prospectus for Efes Breweries International N.V. (the parent company of Moscow Efes Brewery). The $178M IPO was successfully completed on the London Stock Exchange in October 2004.
    • Implemented monthly management reporting at the newly acquired Ufa brewery.
    • Supervised the preparation of the monthly IFRS management reports.
    • Performed monthly profitability analysis by SKUs.
    Focus areas: Budgeting, Financial Planning & Analysis (FP&A), Financial Reporting, Variance Analysis, Three Statement Operating Model
  • Senior Audit Consultant
    2001 - 2002
    PricewaterhouseCoopers Moscow
    • Performed analytical and detailed testing of all profit and loss as well as balance sheet items.
    • Prepared financial reports in accordance with IFRS, US GAAP, and Russian accounting standards.
    • Consulted clients on the application of IFRS and US GAAP in specific situations.
    • Led audit teams of up to 3 members on US GAAP and Russian statutory audits.
    • Supervised and signed audit reports on two Russian statutory audits.
    Focus areas: Audit Management
  • Audit Consultant
    1998 - 2000
    KPMG Moscow
    • Identified, tested and evaluated clients' internal controls.
    • Performed analytical and detailed testing of all profit and loss as well as balance sheet items.
    • Prepared financial reports in accordance with US GAAP, IFRS, and Russian statutory standards.
    • Consulted clients on the application of transformation models (from Russian statutory accounting to US GAAP and IFRS).
    • Consulted clients on consolidation of complex groups of companies.
    Focus areas: Audit Management
Education
  • Chartered Financial Analyst (CFA) in Financial Analysis
    2002 - 2005
    CFA Institute - Charlottesville, Virginia, United States
  • Chartered Certified Accountant (ACCA) in Accounting
    1998 - 2001
    Association of Chartered Certified Accountants - London, United Kingdom
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