Tamas Magda
Verified Expert in Finance
Management Consulting Expert
Singapore, Singapore
Toptal member since March 10, 2022
Tamas is a serial entrepreneur with strong financial management and private equity background. He ultimately enjoys advising entrepreneurs in complex assignments which require financial modeling, strategic planning, and execution. Prior to establishing, scaling, and exiting multiple startups and directing projects on $10 million budgets as a consultant, he gained valuable expertise at firms such as PwC, GE Capital, and PineBridge Investments.
Expertise
Work Experience
Founder and CEO
TMAM Limited
- Created the leading digital educational content development company in Myanmar, providing affordable subscription services in English, base education, financial literacy, agriculture, and lifestyle areas. It directly impacts over a million people.
- Established and maintained strong B2B connections with all telecommunication operators in-country, VAS, digital partners, and corporates to provide an optimal reach of value-added and innovative areas.
- Generated $7,000,000 value of total sales in a low ARPU market. Led a team of up to 35 subject matter experts. Systematically organized workflow and delivered presentations to around 200 government staff.
Founder and CEO
CG Systems
- Developed a leading operational efficiency, increasing consulting company focusing on vehicle operations, fleet management, and driver management in Myanmar. Reached around 10% market share in GPS-based tracking and fleet management market.
- Developed the company’s financial processes from the start up. Ensured financial health and profitability of the company. Supported the revenue growth to around $500,000 with a 30% net profit margin.
- Analyzed large datasets of vehicle fleets systematically. Improved reporting and route optimization practices at up to 400 vehicles per client, refined fraud detection methodology, and ranked drivers.
- Supported IT system implementations and import process of assets from ordering to customs clearance. Provided consulting works for technology inclusion in clients' and potential clients' companies.
- Managed the acquisition process of 100% of the shares of a government-focused fleet management company with eight clients. Ensured fast and smooth integration into the main company’s operation.
- Led processes of full contract negotiation, contract administration, vendor management, and supply chain management. Developed and shared best practices with the internal team.
- Kept high client focus in negotiations and regularly ran extra miles to solve special business requests.
- Built the organization to act autonomously. Thus the team conducted works smoothly by themselves, with a healthy set of internal controls only.
CFO and Project Director
Yangon Water Bus
- Took full responsibility for the startup phase of the operation setup of the first waterway transportation company in Myanmar. Successfully executed the project within the four-month timeline and the approximate budget of $10,000,000.
- Provided capital management support, created complex financial models, delivered presentations to the financing bank, negotiated with insurance companies, advised for managing the debt facilities, and ensured the health of financial operations.
- Developed processes and policies for the operation management for all business areas, including finance, administration, operations, marketing, PR, human resources, PMO, and procurement.
- Supervised the construction processes of 10 ports with jetties alongside the Yangon river, including commercial real estate facilities. Negotiated lease terms with retail companies and banks.
- Created chart of accounts, financial procedures, budgeting, dynamic forecasting, and re-forecasting models.
- Introduced competitive bidding procedures and procurement flow with RFI, RFQ, RFP, PR, and PO standards. Supervised the technology solution sourcing.
- Supervised the sourcing of 13 vessels (eight locally built and five imported) with a total capacity of around 1,200 people.
CFO
Total Infratel
- Participated actively in the bidding and negotiation process of telecommunication tower contracting deal with OCK, a tower company of Telenor Myanmar. Secured the deal worth $7+ million for the full turnkey construction of around 200 telco towers.
- Established the back-office operations for smoothly executing the project on some of the toughest terrains in rural Myanmar in the rainy season, affecting the process from site acquisition to final acceptance certificate.
- Designed the financial processes, procurement flow, reporting standards, and operational processes. Controlled the budget spending and managed cash flow. Reviewed all contracts, payments, and budgets as the second last person in the approval flow.
- Created and maintained external relationships with clients, service providers, contractors, and banking institutions and internal relationships with all stakeholders.
- Hired core personnel and took an active part in the organization's growth. At its peak in the project, it consisted of around 300 people, roughly half as own workforce and another half as subcontractors' human resources.
- Contributed to sourcing two follow-on (smaller scale) projects in full turnkey telecommunication tower construction and base station and power maintenance domains.
CFO
SDI Holdings
- Created finance procedures and policies for business unit consolidations. Monitored the financial performance, prepared regular reports and forecasting models, and identified areas for improvement.
- Prepared and managed the budget; analyzed costs, pricing, variable contributions, sales results, and the company’s actual performance compared to the business plans.
- Created Excel-based automated financial and accounting reporting systems initially and after six months implemented and designed the structure of the Tally financial software for the holding.
- Analyzed financial data, prepared financial reports, statements, and projections on business operations and investment opportunities, and regularly presented the findings to the owner.
- Recruited, hired, mentored, and managed a core team of six accountants and financial assistants. Restructured the financial team’s workflow into a well-functioning unit in day-to-day operations.
Finance Manager
Ooredoo Myanmar
- Created a data-centric financial controlling framework for the largest telecommunication investment provider in Myanmar. Developed an Excel-based complex budget control framework tied to the SAP system.
- Controlled the yearly $600,000,000 CAPEX and OPEX budget of the network, IT, build, sales, marketing, and facilities departments as a day-to-day operational responsibility.
- Developed decision-supporting financial models for CXOs. Checked all contracts reaching CTIO. Increased operational, financial, network, and technology efficiencies.
- Developed DCF and total cost of ownership (TCO) models for $100,000,000 purchase of generator supply, countrywide telco network sharing models, and buy or lease model for over 150 vehicles.
- Managed the budget planning for the upcoming financial years; worked closely with all budget holder teams, regularly presented to senior management, and ensured balance among departments.
- Built effective relationships across the business. Acted as the bringing person between network, IT, engineering, and finance departments. Regularly explained the key findings to the stakeholders.
Treasury Analyst
GE Capital
- Maintained the cash balance and liquidity on a healthy level by supporting AU$3.5 billion of cumulated fund movements between a complex set of corporate bank accounts.
- Participated in month‐end closing activities, including transaction reviews, general ledger maintenance, balance sheet reconciliations, and fund allocations.
- Introduced treasury process improvements, which replaced the manual signature request form preparations with more digitized and automated forms. The improvement got standardized across GE Asia Pacific (APAC) entities.
- Supported the risk management department in preparing lending-focused company analyses based on company frameworks coded in robust Excel sheets.
- Co-developed an idea management program for GE Capital ANZ and received AU$100,000 funding.
- Received the GE Capital ANZ Finance Growth Value of Expertise and Treasury Excellence awards.
Investment Analyst
PineBridge Investments
- Prepared investment recommendations for over 60 investment opportunities, writing five concept papers with company and market research. I was commended for sourcing five investment opportunities.
- Gained knowledge in infrastructure (13 projects analyzed), real estate (10), waste management (seven), healthcare (six), energy (six), transportation (four), and other industries (15).
- Created meeting memos about the regularly attended meetings with some of the most successful entrepreneurs in Hungary.
M&A Analyst
PwC
- Delivered DCF-based financial models and company valuations in financial services, real estate, energy, manufacturing, and healthcare industries. Conducted market research and benchmarking works.
- Participated in the countrywide survey of the shared service center market. Collected, cleaned, structured the data, quantified the qualitative data, and developed segmented summaries and presentations.
- Participated in the creation of PwC's in-house knowledge sharing and repository management system.
Education
Master's Degree in Corporate Finance
Corvinus University of Budapest - Budapest, Hungary
Scholarship for Foreign Studies in Business Administration
National University of Singapore (NUS) - Singapore, Singapore
Scholarship for Foreign Studies in Business Administration
Otto Beisheim School of Management (WHU) - Koblenz, Germany
Certifications
Project Management Professional (PMP)
Project Management Institute (PMI)
Skills
Finance
Financial Modeling, Market Opportunity Analysis, Pricing, Blockchain, Entrepreneurial Finance, Corporate Finance, Budgeting, Performance Reports, Price Analysis, Financial Planning & Analysis (FP&A), Financial Management, Budget Controls, Corporate Treasury, Finance Process Improvement, Risk Analysis, DCF Valuation, Valuation, Market Research, Cost-benefit Analysis, Fundraising, CFO, Forecasting, Project Accounting, Venture Funding, Funding Strategy, Cash Flow Calculation, Cash Flow Modeling, Free Cash Flow (FCF), Revenue Modeling, Capital Budgeting, P&L Forecasting, Debtor & Creditor Management, Discounted Cash Flow (DCF), Financial Consolidation, Accounting Consolidation
Industry Expertise
Technology, Real Estate Development
Output Software
Microsoft Excel, Microsoft PowerPoint, Microsoft Word
Other
Management Consulting, Business Strategy, Business Development, Business Modeling, Project Management, Process Improvement, Change Management, Financial Analysis, Go-to-market Strategy, Business Models, Startups, Operating Models, Business Transformation, Target Operating Models, TOM, Growth Strategy, Market Sizing, Strategic Partnerships, Partnerships, Workforce Management (WFM), Value Proposition, Distributed Ledger Technology (DLT), Product Marketing, Product Branding, Branding, Growth Strategy Consultants, Business Management, Stock Analysis, Entrepreneurship, Finance, IT Project Management, Project Review, Project Budget Management, Project Controls, Scheduling, Schedule Optimization, People Management, Process Design, Process Mapping, Process Control, Process Flows, Team Management, Performance Analysis, Stakeholder Analysis, Stakeholder Management, Stakeholder Engagement, Team Building, Negotiation, Employee Engagement, Quality Control (QC), Quality Management, Communication, Employee Communication, Risk Management, Risk Management in Reporting, Operational Risk Management, Operational Control, Change Leadership, Planning, Management, Governance, Issue Management, RFP Pricing, RFP Negotiation, Hiring, Hiring Process Development, Organizational Design, Organization Building, Policy Development, Construction Estimation, Procurement, Procurement Research, Business Technology, Decision Support, Decision Modeling, Investment Decision Support, Budget Modeling, Presentation Design, Board Presentations, Education, Operational Efficiency Improvement, Technology Consulting, IT Consulting, Infrastructure, Controlling, Treasury, Treasury Management, Treasury & Liquidity Management, Operations Improvement, Business Process Flow Diagrams, Investment Analysis, Investment Research, Company Research, Organization Assessment, Fundraising Consultant, New Business Development, Growth, Growth Analysis, Sales Growth, Growth Hacking, CEO, Financial Controls & Processes, Market Entry, Business Planning, Models, Business Services, DCF Modeling, Entry Strategy, Startup Growth Strategy Development, Strategy, Financials, Legal Contract Drafting, Contract Drafting, Contract Review, Contract Management, Strategic Planning, Strategic Planning & Execution, Emerging Markets, Business Setup, Business Analysis, Business Process Analysis, Business Proposals, Business Reporting, Financial Controlling, Financial Consultation, Vendor Selection, Vendor Management, Supply Chain, Supply Chain Management (SCM), Supply Chain Optimization, Project Design & Management, Project Development, Project Analysis, Financial Presentations, Business Process Management (BPM), Presentations, Investor Presentations, Funding Presentations, Investor Relations, Investor Reporting, Investor Agreements, Board Reporting, Financial Calculations, Cash Flow Analysis, Revenue Strategy, Revenue Projections, Pricing Plans, Price Sensitivity, Annual Budgets, Budget Management, CAPEX, CAPEX Budgeting & Inventory Management, Trend Forecasting, Sourcing, Team Leadership, Employee Benefits, Banking Relationships, Investor Relations Consultant, Discounted Cash Flow Analysis, Process Optimization, Business Process Optimization, Group Reporting, Group Policy, Consolidation, Consolidated Reporting, System Design, Financial Systems Development, Financial Risk Management, Structuring, Business Structuring, Restructuring, Corporate Restructuring, Cash Flow Management, Company Strategy, Strategic Initiatives, Strategy Development, B2B Partnerships, Request for Proposal (RFP), Human Resources (HR), Financial Statements, Market Segmentation, Customer Segmentation, Digital Media, Fraud Detection
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