Case studies
Financial Model for Wood Processing Plant- Financial Modeling
- Capital Structuring
Oleg Tsymbalov
Finance Expert in 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
- Tsymbalov CFO Services
- ZAO TV Daryal (DTV)
- ZAO Europe Foods GB (Gallina Blanca Russia)
Education
- CFA Institute
- Association of Chartered Certified Accountants
Software Expertise
Other Expertise
- CFO
- Financial Planning & Analysis (FP&A)
- Financial Reporting
- Forecasting
- Profitability Analysis
- Russia
- Three Statement Operating Model
Employment
Founder, Part-Time CFO
2009 - PRESENTTsymbalov 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 Reporting, Three Statement Operating Model, Profitability Analysis, Variance Analysis, Budgeting, Financial Modeling, Financial Planning & Analysis (FP&A)Finance Director
2008 - 2009ZAO 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: Three Statement Operating Model, Profitability Analysis, Variance Analysis, Financial Reporting, Financial Planning & Analysis (FP&A), BudgetingFinance Director
2008 - 2008COMCOR (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: Three Statement Operating Model, Financial Reporting, Financial Planning & Analysis (FP&A), BudgetingFinance Director
2006 - 2008ZAO 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: Profitability Analysis, Three Statement Operating Model, Variance Analysis, Financial Reporting, Financial Planning & Analysis (FP&A), BudgetingFinancial Controller
2002 - 2006Moscow 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: Three Statement Operating Model, Variance Analysis, Financial Reporting, Financial Planning & Analysis (FP&A), BudgetingSenior Audit Consultant
2001 - 2002PricewaterhouseCoopers 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: Management, AuditsAudit Consultant
1998 - 2000KPMG 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: Management, Audits
Education
- Chartered Financial Analyst (CFA) in Financial Analysis2002 - 2005CFA Institute - Charlottesville, Virginia, United States
- Chartered Certified Accountant (ACCA) in Accounting1998 - 2001Association of Chartered Certified Accountants - London, United Kingdom
