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Oleg Tsymbalov
Verified Expert in Management Consulting
Management Consulting Expert
Moscow, Russia
Toptal member since October 10, 2017
Bio
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.
Career Highlights
Founder, Part-Time CFO
Tsymbalov CFO Services
Finance Director
ZAO TV Daryal (DTV)
Finance Director
ZAO Europe Foods GB (Gallina Blanca Russia)
Education Highlights
Chartered Financial Analyst (CFA)
CFA Institute
Chartered Certified Accountant (ACCA)
Association of Chartered Certified Accountants
Case Studies
Financial Model for Wood Processing Plant
Financial ModelingCapital Structuring
Software Expertise
- Microsoft Excel
Other Expertise
- CFO
- Financial Planning & Analysis (FP&A)
- Financial Reporting
- Forecasting
- Profitability Analysis
- Russia
- Three-statement Modeling
Work Experience
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 Reporting, Three-statement Modeling, Profitability Analysis, Analysis of Variance (ANOVA), Budgeting, Financial Modeling, Financial Planning & Analysis (FP&A)
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: Three-statement Modeling, Profitability Analysis, Analysis of Variance (ANOVA), Financial Reporting, Financial Planning & Analysis (FP&A), Budgeting
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: Three-statement Modeling, Financial Reporting, Financial Planning & Analysis (FP&A), Budgeting
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: Profitability Analysis, Three-statement Modeling, Analysis of Variance (ANOVA), Financial Reporting, Financial Planning & Analysis (FP&A), Budgeting
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: Three-statement Modeling, Analysis of Variance (ANOVA), Financial Reporting, Financial Planning & Analysis (FP&A), Budgeting
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: Management, Audits
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: Management, Audits
Education
2002 - 2005
Chartered Financial Analyst (CFA) in Financial Analysis
CFA Institute - Charlottesville, Virginia, United States
1998 - 2001
Chartered Certified Accountant (ACCA) in Accounting
Association of Chartered Certified Accountants - London, United Kingdom
Skills
Finance
Profitability Analysis, Three-statement Modeling, Financial Reporting, Financial Modeling, Financial Planning & Analysis (FP&A), Forecasting, Due Diligence, Ratio Analysis, Financial Risk Analysis, Revenue & Expense Projections, Debtor & Creditor Management, Price Analysis, Working Capital Management, CFO, Audit Management, Budgeting, Capital Structuring
Output Software
Microsoft Excel, Microsoft Word, Microsoft PowerPoint
Industry Expertise
Food & Beverage, Consumer Products, Entertainment & Leisure, Energy, Mining
Geographic Expertise
Russia
Other
Consulting, Analysis of Variance (ANOVA), Manufacturing, Business Planning, Virtual CFO, Audits, Management
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