Ravi Bhalla
Financial Controller at Ultra Electronics Group- Claim this Profile
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Bio
Experience
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Ultra Electronics Group
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Defense & Space
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700 & Above Employee
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Financial Controller
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Jul 2021 - Present
Germantown, Maryland, United States Key contributor to the Cyber US Management Team. Lead and manage the Finance & Accounting function in the Germantown and Tampa locations.
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Zyter|TruCare
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United States
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Software Development
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1 - 100 Employee
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VP of Finance
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Dec 2020 - Jun 2021
Rockville, Maryland, United States
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CNSI
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United States
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IT Services and IT Consulting
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700 & Above Employee
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VP, Accounting & Finance
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Jan 2011 - May 2020
Maryland Managed the financial affairs of the $150M government contracting services company while ensuring that all accounting and financial operations are executed in compliance with GAAP, FAR, and DCAA principles. • Led the financial due diligence team over an 18-month period, supporting company’s sale to a private equity firm in February 2018. Drove responses and quality as POC for financial due diligence questions and materials. • Coordinated and managed the purchase price accounting portion… Show more Managed the financial affairs of the $150M government contracting services company while ensuring that all accounting and financial operations are executed in compliance with GAAP, FAR, and DCAA principles. • Led the financial due diligence team over an 18-month period, supporting company’s sale to a private equity firm in February 2018. Drove responses and quality as POC for financial due diligence questions and materials. • Coordinated and managed the purchase price accounting portion of the corporate valuation resulting from the sale transaction. • Spearheaded the initiative to implement ASC 606 revenue recognition standard across projects. This included developing the white paper, quantifying the impact and incorporating in the financial statements, resulting in favorable material impact to the Balance Sheet. • Avoided financing cost of more than $1 million annually and improved working capital by switching from Mezzanine financing to commercial financing. • Represented Finance and Accounting function in CNSI Systems Engineering Process Group (SEPG) responsible for ensuring a managed way to drive continuous improvement and standardization across the company. • Developed and implemented content for the CNSI Procurement Policy and the Supplier Agreement Management Procedure required for CMMI Level 3 certification. • Managed various Deltek Costpoint and Ultipro HRIS initiatives including implementations, version upgrades, and cloud migration. • Member of CNSI Ethics and Corporate Compliance Committee representing Finance & Accounting. Led the Audit team, responsible for ensuring timely and effective responses to hot line complaints, internal investigations and other compliance related incidence and actions. • Partnered with the BD team in proposal development including preparation of forward pricing rates submissions to DCAA for NASA, CMS, and DOT, resulting in more than $1B of revenue backlog.
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Corporate Controller
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Jan 2005 - Dec 2010
MD Oversaw day-to-day accounting functions, integrating finance operations, forecasting and budgeting, handling tax matters, preparing financial reports, and ensuring organizational financial stability. • Enhanced the firm's financial/project accounting and reporting system. • Analyzed all direct project costs/fee/revenue data; monitored project budgets and progress; reviewed Estimate-At-Complete (EAC) and Estimate-To-Complete (ETC) analyses and collaborated with Program Managers to ensure… Show more Oversaw day-to-day accounting functions, integrating finance operations, forecasting and budgeting, handling tax matters, preparing financial reports, and ensuring organizational financial stability. • Enhanced the firm's financial/project accounting and reporting system. • Analyzed all direct project costs/fee/revenue data; monitored project budgets and progress; reviewed Estimate-At-Complete (EAC) and Estimate-To-Complete (ETC) analyses and collaborated with Program Managers to ensure projects achieve financial expectations. • Reviewed and completed timely and accurate project monthly revenue recognition procedures, in accordance with GAAP and CNSI policies. • Managed the financial consolidation with CNSI’s wholly owned subsidiary in Chennai, India. • Directed, managed & developed staff of nine accounting associates and a travel manager. • Developed, implemented and maintained the CNSI’s accounting policies with emphasis on timekeeping and expense policies to reflect current organizational goals and objectives.
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Manager, Financial Management/ Program Control
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Dec 1999 - Dec 2004
MD Created detailed budgets and financial forecasts including tracking, analysis and reporting of projects of varying contract type, size, complexity and level of risk. • Developed the project financial management tool used to track operational progress, costs, resources and P&L metrics. • Supervised activities for a team of three project controllers across the business horizontals.
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Education
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Delhi University - Shri Ram College of Commerce
Bachelor's degree, Accounting and Business -
The Johns Hopkins University - Carey Business School
Master of Business Administration - MBA, Finance