Ray Sandhu
Chief Financial Officer at Quanta Canada
Quanta Services, Inc.•Edmonton, Alberta, Canada
View LinkedIn ProfileExecutive Overview
An effective finance executive must be more than just a financial manager – they have to be a valued and trusted leader, a process optimizer, and a revenue generator. I am proud to be all three. With 20 years of progressive financial leadership within a variety of industries, I have influenced organizational change, growth, and advancement through the pursuit of process enhancement, the assembly of high performing teams, and the cultivation of confidence. Aligning people and processes - and instilling the values of respect and responsibility - has resulted in several of my organizations embracing new strategies and reversing negative trends. Examples of my expertise and impact to financial operations include: ♦ Oversaw financials for $2.5B organization with 12,000 employees and over 700 direct and indirect reports; directed areas of Finance, IT, HR, Purchasing, Contracts, and Project Services. ♦ Mapped out staffing requirements and succession plans and reorganized executive finance team, to create powerful performers; dropped turnover rate by 24% with a cost-savings of $500K. ♦ Initiated strategic planning and strict adherence to reporting and processes; reduced DSO by $160M, decreased the number of late adjustments by 90%, and eliminated $18M in RIE balances. ♦ Negotiated contracts with key vendors and suppliers to improve capital structure and gross margins; aided in business acquisitions resulting in near 100% ROI. ♦ Realized significant cost savings - even during recession; identified and eradicated staffing redundancies, reduced consultant fees by 5%, pursued $1.3M in fuel tax rebates, and renegotiated $1.03M in volume rebates. ♦ Strengthened employee commitment and transformed corporate cultures; standardized systems, instituted benchmarking, and ensured provision of resources and tools. Raised engagement scores by as much as 82%.
Career Timeline
- Quanta Services, Inc.CurrentJul 2023–Present· 3 yrs 3 mos
- Chief Financial Officer, Quanta CanadaCurrentJul 2023–Present
- Apr 2023–Jul 2023· 3 mos
- PrincipalApr 2023–Jul 2023
- Jun 2015–Apr 2023· 7 yrs 10 mos
- Group Chief Financial OfficerJun 2015–Apr 2023
- Sep 2011–Nov 2014· 3 yrs 2 mos
- Executive Vice President - Finance & Administration - Oil and GasOct 2012–Nov 2014
- Senior Vice President Corporate Services - Oil and GasSep 2011–Oct 2012
- May 2008–Sep 2011· 3 yrs 4 mos
- Senior Vice President Finance & Information Technologies2011–Sep 2011
- Vice President Finance & TreasurerMay 2008–Dec 2010
- May 2005–May 2008· 3 yrs
- Vice President Finance and Administration2007–May 2008
- Controller, CorporateMay 2005–Dec 2006
- Oct 1999–Oct 2004· 5 yrs
- Director, FinanceMar 2000–Oct 2004
- Accounting ManagerOct 1999–Feb 2000
- Mar 1998–Sep 1999· 1 yr 6 mos
- Assistant ControllerMar 1998–Sep 1999
- 1997–Mar 1998· 1 yr 2 mos
- Analyst, Financial1997–Mar 1998
Education
MBA
Business Administration
Queen's UniversityCMA
Accounting
Society of Management Accountants of Alberta