Corporate Treasurer

SIMHA CHANDRAN

**-** ******** ****** **** Park, NY 11374 917-***-**** *****.********@*****.***

CORPORATE TREASURY PROFESSIONAL

Hedging & Cash Management Banking & Investor Relations Process Redesign Cash Flow Forecasting Corporate Insurance Treasury Workstations Negotiating Loan Facilities Acquisitions & Divestitures Loan Covenant Compliance Diverse industry background, experienced with multinational enterprises, adept at addressing global treasury issues, change management, delivering results via collaboration with senior leadership and stakeholders. Powerful communicator with well- developed motivational, presentation and relationship building skills. Background enriched through consulting experience with turnaround/business revitalization firm.

PROFESSIONAL EXPERIENCE

INDEPENDENT CONSULTANT, New York, NY 2015 - present Advisory services to entrepreneurs

Provide interim financial, operational, project management and strategy advisory services to firms requiring expertise or mentoring in various business environments. Select assignments include:

The Rockport Group, LLC: Consulting as Treasurer – International, developed strategy to expand Banking infrastructure after Adidas spin off to private equity. Devised hedging strategy for Canada, Euro Zone, UK and Japan, Korea. Revamped revolving credit facility oversight process.

Post production company: Implemented crisis management plan and directed cash flow management. Negotiated forbearance agreement with bank. Developed daily cash management strategy and longer term analysis of discontinued business operating units

Internet Retailer: Strategic Advisor - Restructured operations, negotiated loan amendment, prepared business plan and loan marketing materials for improving liquidity and working capital

Independent music publisher: Negotiated forbearance agreement and implemented refinancing strategy allowing for partial release of assets to new lender and maximizing sale of real estate collateral

Casual dining restaurants: With strategic goal of franchising the concept, developed business plan for equity/debt raise from EB5 foreign investor community for a chain of ethnic themed restaurants THE NEWARK GROUP, INC., Cranford, NJ

Private Equity backed North American paperboard manufacturer and recycler Treasurer 2014 - 2015

Recruited to perform critical management functions during the sale of Company which maintained operations in 15 states and Canada. Integrated seamlessly into senior management team and provided key support for the $362.5MM sale from due diligence through closing. Responsibilities included $186MM debt facility compliance, insurance, risk management, FX operations, commodities hedging, cash management, arranging quarterly investor calls and banking relationship overview. Investment Committee member with $200MM retirement plan oversight.

Engineered debt pre-payment without penalty; lowered interest expense by 3% annually freeing cash flow

Renewed insurance coverage and negotiated tail insurance program with no increase in premiums IQOR, INC., New York, NY

Private Equity backed global call center and aftermarket service provider Consultant - Interim Treasury Director – Risk Management 2014 Treasury Consultant engaged to integrate the AMS acquisition by adopting and documenting new practices in Customer Credit, FX, Interest Rate Risk, developing new treasury protocols and redesign procedures for an organization that doubled in size and global footprint.

Installed Capella hedge tracking software eliminating reporting deficiencies to align compliance within GAAP

Identified interest rate risk vulnerability and executed interest rate swap converting 50% of floating debt to fixed

Established global hedging protocols; instituted centralized strategy to hedge currency risk at all sites

Developed and instituted new centralized credit policy for integrated organization to mitigate customer risk SIMHA CHANDRAN 917-***-**** Page 2

CAMBREX CORPORATION, East Rutherford, NJ

NYSE traded multinational pharmaceutical ingredient manufacturer Treasury Manager 2008 - 2013

Functioned as Corporate Treasurer reporting to the CFO; activities included debt/credit facility compliance, insurance risk management, pension fund investment, interest rate & currency hedging, banking relationship management, liquidity management, cash forecasting. Collaborate with tax and accounting to minimize income tax exposure through international holding company structure.

Implemented new treasury work station reducing fees by 25% evaluated and replaced obsolete software

Increased facility limit by 30% by negotiating a multi-currency / multi-entity credit facility with bank syndicate

Developed global hedging protocols; instituted adoption of FX All hedging electronic platform at all sites

Reduced insurance premiums by 25% annually utilizing global sourcing model

Determined new asset allocation strategy for employee pension fund, selected custodian/investment manager

Streamlined international bank account structure providing greater cash visibility across the enterprise CAUVERY GROUP, INC., New York, NY

Private capital and advisory services firm

Senior Vice President 2002 – 2008

Marketed, sold and provided interim financial, operational, project management and business advisory services to firms requiring specialized expertise or mentoring in various business environments. Select assignments included:

Hedged $900MM in debt for newly acquired companies. Executed interest rate and foreign exchange hedging strategies for private equity transactions. Review trade confirmations and loan documentation

Supplied advisory services and financial profitability model used by international home furnishings importer to shift focus, realign Asian operations, reduce Days Sales Outstanding improving cash flow by 9%

Delivered advisory services to UK entertainment firm: created financial model to secure $15MM credit commitments, reduce DSO, improve credit policy to lower bad debts and negotiated international trade terms

Developed Chapter 11 reorganization plan/business model as interim CFO for $10MM distribution company with firm emerging successfully from bankruptcy

THE ROBERT PLAN CORPORATION, Bethpage, NY

Niche automobile, property & casualty insurance company 1999 - 2002 Senior Vice President – Treasurer 2000 - 2002

Vice President - Treasury 1999 - 2000

Created and implemented a multi faceted strategic business plan refocusing the Company on its core competencies resolving Company’s cash crisis. Utilized “zero based budget” metric to nurture new thinking, teamwork and improved cost containment efforts. Additional responsibilities included treasury, financial systems, payroll, accounts payable, accounts receivable and subrogation departments.

Saved $450K per year in banking fees - Devised innovative modular banking structure - improving electronic and operational effectiveness by introducing new technological capability

Increased net cash flow $2.5MM per month by creating and implementing crisis management plan

Engineered staff restructuring and workforce reduction of 6.2% with annual savings of $8MM

Developed guidelines and protocols regarding investment performance for $750MM reserves portfolio

Oversaw Company funding requirements including 25 separate daily cash positions, 10 separate payroll requests, wire transfers, ACH requests and all short-term investments with 15 institutions SIMHA CHANDRAN 917-***-**** Page 3

CARL MARKS CONSULTING GROUP LLC, New York, NY

Business revitalization and advisory firm

Consultant 1998 - 1999

Delivered turnaround and process improvement services for a variety of distressed service and manufacturing firms. Performed advisory, evaluation, interim and project management and other business services. Prepared and developed marketing programs to broaden consulting firm’s client base. Select assignments included:

Interim Finance Manager: “Nobody Beats The Wiz”; Engaged by Cablevision; Lease negotiation, credit and collection and preparation of operating budget/model to turnaround the Company and managed it

Interim CFO: The Score Board, Inc.; Prepared company assets for Chapter 11 auction process

Interim Budget Manager: Troubled $700MM revenues private company – developed and implemented new profitability models to benchmark operating units performance

Prepared and marketed offering memorandums for raising capital or sale of several companies

Perform acquisition and/or divestiture analyses on behalf of client firms to model different scenarios 3V INC., Weehawken, NJ

Multi-national specialty chemical manufacturing company Treasurer 1993 - 1998

US subsidiary needed restructuring to compete successfully in the domestic and international market. Provided expertise to establish corporate finance and treasury management functions. Managed local staff for treasury activities for 5 European affiliate companies. As the chief credit officer, developed first company wide customer credit/sales strategy including credit lines, international trade terms, and letters of credit.

Negotiated $35MM in loan facilities with bank syndicate saving $300K of interest expense

Developed and instituted Company’s first interest rate investment/derivatives and foreign exchange policy and protocols allowing Company to collect funds in local currencies increasing competitive advantage

Implemented foreign credit insurance program to reduce risk and increasing export sales by $3MM

Negotiated waivers/amendments with lenders to minimize Company exposure for loan covenant violation ADDITIONAL EMPLOYMENT

HOLMES PROTECTION, INC., New York, NY

Controller – New Jersey, Assistant Treasurer, Treasury Manager, Credit Representative ASSOCIATES COMMERCIAL CORP., New York, NY

Collections Correspondent

EDUCATION

Certified Cash Manager

St. John’s University, Jamaica, NY - MBA, Finance

Stony Brook University, Stony Brook, NY - BS, Biology

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