Parkash Ahuja

About Parkash Ahuja

Experienced in Finance, Accounting, Supply Chain, IT, HR & Administrative Functions. With over 20 years of experience in strategic planning, financial management, and supply chain operations, I am passionate about creating and executing innovative strategies that drive business transformation and growth. In my current job as the Chief Financial Officer, I oversee the financial planning, budgeting, preparing financial statements in accordance with GAAP, data analytics, procurement, audit, compliance, and M&A functions for a leading electronics company that serves global clients across multiple industries. I leverage my technical and analytical skills to develop and implement data-driven solutions that optimize costs, enhance revenues, and improve performance. I have a proven track record of coaching and empowering teams to achieve excellence. My previous roles include management consulting with McKinsey & Company, executive positions in Fortune 500 companies, and an award-winning entrepreneurial venture. I hold an Advance Management Certificate from Harvard Business School, an MBA from Webster University, and an MSE from the University of Michigan, Ann Arbor. Finance and Revenue Management Leadership: Spearheaded the implementation of NetSuite ERP, financial modeling, and revenue forecasting tools resulting in increased productivity, and over 80% accuracy in revenue forecasting. Management Reporting and M&A: Successfully managed cash and treasury Functions, capital investments, business financing, valuations, collections, banking relationships, covenants reporting, audits, and tax planning. Extensive knowledge and experience in M&A and post-merger integration. Technology Sourcing & Procurement: Effectively negotiated multi-billion dollar contracts with global vendors, ensuring cost-effective solutions while maintaining the highest quality standards. Organizational Development: Transformed geographically dispersed accounting/financial operations by leveraging technology to automate processes, reducing operational costs by 45%, and a considerable improvement in data accuracy. Internal & External Partnerships: Built strategic partnerships and developed pre-sales solutions, service agreements, contract negotiations, and customer advocacy programs enhancing over 5% profitability. Substantial experience working with PE and VC firms and nurturing teamwork with operating units and investor relations to establish common goals. Thought Leadership: Recognized for implementing best practices in financial strategies, operations, procurement, and supply chain.

Experience

1. Chief Financial Officer

   Sierra Circuits

   Jun 2022 — Present · Sunnyvale, CA, US

   Effective Business Partner with a focus on Strategic, Operational, and Revenue Growth. • Analyzing financial data for overall business growth and operational decision-making process. • Performing the role of a catalyst for driving Business Transformation and setting annual revenue growth targets through a reporting dashboard for managing multiple subsidiaries overseas. • Implementing pricing strategy optimizing revenues and profitability through market data/KPIs. • Driving data-driven analytical tools resulting in a reduction of 15% in COGS and 50% in inventory. • Implementing order bookings, deliveries, and collections reporting by region, products, and customer size. Analyzing Customer CLV and LTV to better manage the sales operations and revenue forecasts. • Linking strategic objectives to the financial goals of the company; ensuring bookings, shipping, and cash receipts data accuracy in partnership with sales ops, and Deal Desk teams. • Managing day to day operations of A/P, A/R, Banking, Cash & Treasury Management functions.

Education

• Harvard Business School

  Advanced Management Program, Finance & Operations Transformation

• California Science & Technology University

  Certificate Program, Emerging Technologies

• Webster University

  MBA, Business Administration and Management

• College of Architecture, Panjab University

  Bachelor of Architecture, Architecuture

• University of Michigan

  MSE, Engineering/Industrial Management