Singapore Permanent Resident | +65 8595 2658 | [email protected]
Salvia Levina Sutanto
Manager | Ernst & Young (EY) LLP
Summary
Education
University of London B.Sc., Accounting and Finance Grade : GPA 3.93/4.00 | Price Winner for Examination 2020 (Top Scorer across cohort) Sep 2018 - Jul 2021
Experience
- Manager Ernst & Young (EY) LLP Sep 2021 - Present • 5 yrs
Reviewed financial due diligence reports for $1.6B (1,600 MW) solar acquisitions across Vietnam, Thailand, and China, assessing the financial assumptions, quality of earnings adjustments, identified regulatory risks to discount rates used, valuation of identifiable asset, and the compliance with Business Combination accounting standard. Reviewed financial due diligence report for a Singapore-based EV target, assessing fair value adjustments to net identifiable assets, including reinstatement provisions and fixed asset valuations. Reviewed financial due diligence reports for a $78M step-up acquisition of a utility company, assessing the purchase price allocation, including remeasurement of lease liabilities and valuation of customer contracts using Multi-Period Excess Earnings Method ("MEEM”). Reviewed financial projections for a $151M district cooling project, stress-testing key commercial assumptions including resident sign-up rates, tariff structures, and operating cost across demand scenarios to assess capital recovery and PPE investment viability over the asset's useful life. Developed scenario and sensitivity analysis for large-scale solar assets impacted by regulatory change, quantifying the revenue and impairment implications of Feed-in-Tariff revisions on investment recovery timelines to support impairment assessment decisions. Led a 7-member team in delivering a 10,000+ hour audit of a listed group with 50+ subsidiaries and S$7 billion revenue across the Power & Utilities, Oil & Gas, and Transportation sectors, overseeing group consolidation and cross-functional stakeholder coordination. Identified financial close inefficiencies and internal control gaps through process walkthroughs and data analytics, delivering recommendations to enhance operational effectiveness and strengthen financial reporting controls. Managed relationships with C-suite and senior stakeholders, presenting financial, operational, and risk management insights and recommendations to Audit Committees and Board-level executives. Reviewed impairment assessment of S$2.5 billion goodwill arising from a business combination. Reviewed purchase price allocations (PPA), including the identification and valuation of power purchase agreements (PPAs) recognised as contract intangible assets, and assessed potential impairment indicators of acquired businesses. Advised clients on accounting implications of complex transactions involving significant judgment, including Advised client on the accounting treatment and recognition of cryptocurrencies held for trading, assessing classification as inventory under IAS 2 and supporting the implementation of the appropriate accounting framework. Provided technical accounting advisory on the classification and measurement of convertible preference shares with embedded derivative features, evaluating the application of IFRS 9, IAS 32 and IAS 1. Advised client on the accounting implications of solar panel system sale-and-purchase arrangements, including asset allocation, revenue recognition, and financing components, through the application of IFRS 9, IFRS 15, IFRS 16 and IAS 2.
- Strategy Summer Analyst EnerGaia Pte. Ltd. Sep 2020 - Dec 2020 • 4 mos
Developed financial model to raise smallholder farmer income to >US$500/month while sustaining 30%+ margins, directly supporting the firm's sustainable agriculture fundraising strategy of US$172,600 from IKI and the Bill & Melinda Gates Foundation. Prepared quarterly and annual financial forecasts (2020-2025) used by management for long-term capital allocation decisions.
Skills
- Audit and assuranceExpert
- Accounting standardsExpert
Languages
- EnglishNative speaker
- Bahasa IndonesiaNative speaker
Certifications
- 1st Place - Innovator Challenge, SIM Young Entrepreneur Network SIM Young Entrepreneur NetworkIssued Jan 2021 • Expired Jan 2021
- Students Leaders Award SIM EDGE AwardIssued Jan 2021 • Expired Jan 2021