Abbas Ali: CFO in Gilbert, Arizona

Abbas Ali

CFO
Gilbert | United States
Skills
  • Finance
  • Financial Planning & Analysis
  • Integration
  • Corporate Development
  • Compliance
View all
Interests

No information

Industries

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Work experience
Image PGT INNOVATIONS

PGT INNOVATIONS

CFO | 01/2020 - Current

PGT Innovation (Nasdaq:PGTI), a $1.5B company, designs and manufactures premium windows and door systems that are used by custom and production home builders, as well as by commercial contractors for hotels, offices, and restaurants, with sales throughout North America, Mexico and Caribbean. As the CFO for the Western division, a $500MM segment of PGT Innovations, I oversee M&A, integration, Accounting, Analytics & Finance, Treasury, and Legal functions across 5 brands within the division. The Western division is the fastest-growing sector of PGT Innovations, and I am accountable for planning, implementing, and managing all financial activities of the Company. Additionally, I collaborate with the CEO and President to lead the growth strategy. * Successfully led the growth of the division from $80M to $500MM both through organic growth and four strategic acquisitions. * Lead all the deal negotiation, as well as the due diligence process on all recent acquisitions, as well as securing funding for the transactions. * Spearheaded the review from financial diligence, manufacturing, supply chain, to human resources. * Lead the overall process for the company's bottoms-up annual budgeting plan across multiple business units, updating long-term plan and monthly update of income and cashflow statements. * Worked with a bank to secure $575MM of senior note used to finance the acquisitions and redeem company's existing senior note. * Collaborated extensively with other executives to define growth strategies and develop actions plan to scale the business to meet annual financials goals. * Responsible for reviewing and approving financial statements, signing off on SOX controls and working with both internal and external auditors.
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VP OF FINANCE | 01/2020 - 03/2022

* Lead the implementation of Microsoft D365 across 3 brands of the western division. Integrated all finance and accounting processes from AP, AR, Inventory management, new chart of accounts. * Designed and implemented new performance metrics to measure sales and cost effectiveness. * Responsible for developing presentation and presenting financial performance of the business to the board of directors on quarterly and on ad-hoc basis. * Responsible for mentoring and coaching highly talented accounting and finance teams. * Successfully navigated during COVID uncertainty by developing and executing on playbook to minimize supply chain and sales impact.
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PGT Innovations

HEAD OF LOGISTICS AND TRANSPORTATION | 01/2020 - 12/2020

* Responsible for overseeing all aspects of shipping operations, dedicated trucks, LTL, and fleet. * Optimized routes to reduce milage, resulting in a 12% YoY reduction in outbound freight cost. * Developed KPIs such as truckload efficiency, cost per route, cost per miles by carrier; this has helped in further understanding freight cost. * Expanded in-house fleet of delivery trucks and drivers, after completing cost savings analysis. * Renegotiated contracts with carrier and signed a new dedicated carrier. * Responsible for establishing a weekly alignment meeting with production department to ensure production and shipping schedules are aligned.
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PGT Innocations

DIRECTOR FINANCIAL PLANNING AND ANALYSIS | 07/2019 - 01/2020

* Lead the creation of new metrics to measure revenue realization. All new KPI reports were developed on new cloud-based Power BI dashboards, which provides real-time analysis across the organization. * Initiated and spearheaded reduction in scrap by optimizing purchasing quantities and stock lengths and implemented sustainable cost-effective packaging. * Head of collaboration committee responsible for creating and developing relationships within departmental leaders.
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Perella Weinberg Partners PE firm

MANAGER FINANCIAL PLANNING AND ANALYSIS | 07/2017 - 07/2019

* Worked directly for Perella Weinberg Partners, PE firm for 2 years prior to strategic sale. * Successfully completed the strategic sale of Western Window Systems to PGT Innovations. * Developed KPIs showing market share, market penetration rate, competitive pricing analysis and ROI. * Responsible for creating monthly and quarterly presentations for the PE firm. * First to be hired in the newly created FP&A department and developed the entire FP&A department.
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FIRST SOLAR

CORPORATE MANAGER FINANCIAL PLANNING AND ANALYSIS | 12/2013 - 06/2017

First Solar Inc (Nasdaq:FLSR)is a photovoltaic (PV) manufacturer thin film solar modules and EPC turn key solution. First solar built some of largest utility-scale PV power plants in the united states. It is one of the largest manufacturers of PV modules with production facilities in North America and Asia and operations in over 30 countries. * Responsible for developing Annual Operating Plan (AOP) and Long-Term Plan (LTP. Including creation of Income Statement, Balance Sheet and Cash Flow budgets * Key member of corporate simplification team. Provided $25MM of cost savings initiates and exit strategies on sub-par business segments. * Worked directly with Goldman Sachs in modeling growth projections for solar projects contributed to the YieldCo vehicle. Worked with lead syndicated banks on a successful IPO of 8point3 Energy. * Use advanced knowledge of US-GAAP to forecast module revenue, used percent of completion methodology and understanding of indemnities on EPC projects to forecast systems revenue. * Consolidation of global capital expenditure including plant expansion and R&D. Performed ROIC and variances analysis vs annual budget. * Forecast global cash position by country with detailed assumption of projected cash receipts, development capital, capital expenditure and global debt.
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GE CAPITAL

LEAD FINANCIAL ANALYST | 01/2013 - 12/2013

GE Capital is the financial services unit of the multinational conglomerate General Electric. It provides commercial lending and leasing, as well as a range of financial services for GE's industrial business units. * Co-led the annual planning by creating budgets for 2014 and 2015; forecast changes to core revenue, measure the impact of scheduled and unscheduled principal payments and changes in expense. * Created revenue forecasting models by incorporating interest income, discount accretion, prepayment penalties and lease income. The new model resulted in a 1-2% variance from actual. * Developed the quarterly cost of funds model by estimating the money cost for new fixed and variable loan volume and breakage cost associated with early principal payments.
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DRIVETIME

SENIOR FINANCIAL ANALYST | 05/2011 - 12/2012

Drive Time is a used car retailer and finance company with annual revenue of $4B. It has sold more than 750,000 used cars to consumers of all credit types and services a $2B loan portfolio. * Worked in the execution of strategic decisions by developing sales forecast model using SQL and MS Excel, as well as creating growth projections for all new locations. * Created cash flow models based on sales forecast, unit loss curves, payment delinquencies, trade-ins, and re-sales of units. * Analyzed operating expenses and created an expense model to allocate over $280 million across multiple G&A items. * Developed and maintained monthly same stores sales, monthly trends, and other ad-hoc reports to measure performance of strategic initiatives and provided key insights for management.
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DELOITTE AND TOUCHE

SENIOR ASSOCIATE ENTERPRISE RISK SERVICES | 08/2006 - 05/2009

Led mitigating and remediation projects for several publicly traded organizations and supervised consultants through Sarbanes Oxley Attestation. * Developed effective and efficient financial processes to improve clients order to cash cycle, resulting in an increase of $1.5 million in annual revenue. * Led a four-member cross-functional Deloitte team in analyzing and improving process controls; ultimately reducing errors by 77%. * Led Sarbanes Oxley projects that involved performing Benchmarking, Design & Implementation (D&I) and Operational Effectiveness Testing (OET) for all areas within Business Process Controls.
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