Management Accounting
Resume:
Nancy Bulsara
( ***C Andover Drive, Monroe Township, NJ 08831 ( Cell: 516-***-**** (
********@***.***
EXPERIENCE
Chief Financial Officer, Servicing Reputable Real Estate Company 2008 -
Current
o Strategic planning and acquisitions of land and development of new sites
and revitalization of old communities with new and modern amenities with
the help of private investments. Arrange financing of various deals and
negotiations with investors and lending institutions for timely and
economical funding of various projects. Oversee, and analyze all
processes and due diligence from LOI to closing in acquiring properties.
o Prepare capital and operating budget to strengthen liquidity and increase
profitability. Enhance the relationships with investors and lenders by
ensuring that debt service coverage ratio is well maintained, and
necessary precautions are undertaken to maintain the same in upcoming
fiscal year. Develop financial models to increase the vote of confidence
of investors and lenders in new deals and projects.
o Prepare timely waterfall based on complex partnership agreements.
o Prepared detailed equity and distribution statements including
allocations of profit. Analyzed current IRRs with comparison to agreed
financial model. Liaised with investors, their fund administrators and
tax accountants to evaluate the fund growth and attract them to invest
further with confidence.
o Prepare and monitor monthly, quarterly and annual financial reports with
budget variance analysis and notes to financials for partners, investors
and lenders.
Chief Financial Officer, American Realty Capital, LLC 2006 - 2008
A private REIT of $1B, focused on triple & double net properties like banks
and stand alone commercial properties.
o Oversaw, and analyzed all processes and due diligence from LOI to closing
in acquiring triple and double net properties in open ended funds.
o Managed assigned funds and maintained fund accounting processes. Raised
capital calls for acquiring new partnerships.
o Set new accounts and ensured smooth transition by setting up information
quickly and accurately.
o Advised board members of various properties on their current financials,
budgets and cash flows as well as on various options
of financing major capital improvements.
o Calculated property management and professional fees based on the
management agreement.
o Prepared timely waterfall to various preferred investors and limited and
general partners.
o Prepared detailed equity and distribution statements including
allocations of profit. Analyzed current IRRs with comparison to agreed
financial model. Liaised with investors, their fund administrators and
tax accountants to evaluate the fund growth and attract them to invest
further with confidence.
o Implemented control on proper insurance coverage as required by leases
and ensured timely payments by tenants.
o Supervised month-end closing for multiple companies and management of
company operations.
o Reviewed fixed assets schedules and prepared depreciations on tax and
GAAP basis.
o Compiled and recorded various amortization schedules.
o Prepared monthly financial reports on GAAP basis and quarterly and annual
reports on GAAP, tax and fair market value basis.
o Implemented new accounting software, IBS, and produced automated
financial reports.
Chief Financial Officer, 601 West Associates LLC 2001 - 2006
A group of commercial properties over $2B funded with private equity;
owned, managed and developed.
o Acquired several properties, formed new partnerships and refinanced.
o Evaluated the potential acquisition of commercial properties based on
location, physical condition, and tenants' portfolio. Calculated IRR,
liquidity, debt-equity, ROI, and current revenue-expense ratios.
o Prepared and reviewed acquisition costs and funds-flow to match with
acquisition models for variances.
o Managed and monitored funds assigned to various properties and ensured
accurate fund accounting processes.
o Prepared capital calls with IRRs for major capital improvements with
detailed analysis.
o Processed and supervised dissolving of the partnerships and selling of
the properties and accurate disbursements of funds. Established and
accounted for escrow accounts for closing expenses and promptly disbursed
the balance.
o Coordinated, compiled, and reviewed partnership financial reports in
accordance with GAAP and FASB requirements. Prepared detailed capital
statements, GP allocations, and distributions for each partner. Analyzed
financial statements, comparing with prior
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Nancy Bulsara
year's actual as well as current year's budget with appropriate
explanations for variance.
o Prepared and reviewed K1s, and supplied timely information to general
partners for their filings of 10Ks and 10Qs.
o Created and maintained excellent working relationships with various
investors, and their fund administrators and accountants by providing
timely information on fund growth and tax implications.
o Calculated monthly management, professional and administration fees based
on management agreements.
o Calculated monthly waterfall for preferred returns, return of preferred
equities, and common returns. Prioritized timely funding of
distributions to various partners and investors as per the agreements.
o Prepared and monitored operating and capital budgets, cash flow
forecasts, and business projections to increase liquidity and net
earnings.
o Supervised the timely preparation of monthly billings, various
escalations, charge backs, and cash management reports.
o Reviewed straight line rent calculations. Computerized fixed assets and
depreciations of various assets using FAS on tax and book basis.
Prepared various amortization schedules for proper recording.
o Advised board members of various properties on their current financials,
budgets and cash flows.
o Worked closely with other departments to share common information and
implement proper flow of work papers to increase efficiency and
strengthening team work.
o Resolved all issues related to and including upgrade of computer hardware
and software.
o Trained staff in their related areas of work to boost their confidence.
Key tenants were: Tommy Hilfiger, Johnson & Johnson, Martha Stewart
Omnimedia, Gartner Group, US Customs, and FBI.
Accounting Manager
Phipps Houses 1993 - 2001
A group of residential properties worth $1.5B funded with private equity;
owned, managed and developed.
o Maintained a $15M+ investment portfolio; recorded premiums, discounts,
and interest earned and accrued.
o Prepared and supervised internal and external monthly, quarterly, and
annual financial reports.
o Forecasted budgets and cash flow for capital projects, operating income
and costs, and distributions.
o Generated statutory reports for low-income housing to DHCR and HUD;
worked with property managers to fulfill obligations.
o Monitored and prepared updates for state and federal government entities
detailing subsidies and grants.
o Computerized lease extractions for CAM charges, CPI increase, and tax
escalations to optimize profitability.
Assistant Controller
Sunrise Mall Associates 1985 - 1993
A mall in Long Island, NY funded with private equity; owned, managed, and
developed.
o Prepared business plans for major renovations and upgrades of mall
facilities to maintain high-profile customers.
o Encouraged tenants to pay rent by the tenth of each month; reduced late
mortgage payments and related fees.
o Improved investor relations by timely distributions of preferred returns.
o Prepared monthly, quarterly, and annual financial reports with budget
variance analysis.
o Prepared monthly waterfall for limited and general partners.
o Prepared detailed schedules of distributions and allocations to partners
with K1s.
o Managed funds of investors and fund accounting processes.
Education
o M.S.-Finance, Baruch University, New York with 4.0 average
o B.S.-Accounting & Auditing, University of Bombay, India with 95% average
score
Licenses
o Chartered Accountant - the Institute of Chartered Accountants of UK
o Chartered Accountant - the Institute of Chartered Accountants of India
Computer Skills
o IBS, BJ Murray, Skyline, MRI, Yardi, Argus, QuickBooks, FAS, Excel, and
MS Office
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