NANCY BULSARA
***C Andover Drive
Monroe Township, NJ 08831
(732) 810 - 9450
adbx29@r.postjobfree.com
Objective: Seeking position as a Business and Operations Manager, Controller / CFO
Summary:
-Computer Skills: Yardi, MRI, QuickBooks, IBS, BJ M, B360, Skyline, FAS, Microsoft Office, Proficient Excel
-Acquisitions, Business Plans, Due Diligence, Investor and Auditor Relations
-Financial Planning / Forecast, Investment Activities, Financial models - DCF, NPV, IRR
-Fixed Assets, Billing Systems, Budgeting, Cash Flow Forecast, Cash-Management, Tax-Planning
-Monthly, Quarterly, and Year-End Closings, Amortizations, Straight Line Rent, Financial Statements with Variance Notes and Notes to Financials on GAAP and IFRS compliances
-Internal Controls / Procedures AP, AR (including Billing, Charge Backs, Collections), PR, Intercompany transactions and Cost Control Analysis
Experience:
Controller Bulsara Enterprises, Inc. 2013 - Present
-Develop business models for cap-ex showing profitability over next 10-20 years
-Prepare, monitor / oversee capital & operating budget to strengthen liquidity, increased profitability by 10%
-Enhance relationships with investors / lenders by ensuring that debt service coverage ratio is maintained, and precautions are undertaken to maintain the same in upcoming fiscal year
-Prepare and monitor budgets, modify and prepare quarterly forecasts to increase cash flow
-Prepare supervise costs to complete, reconcile draws Vs receipts and monthly AIA bank draws
-Prepare detailed equity and distribution statements including allocations of profit
-Procure most competitive comprehensive insurance coverage
-Prepare and monitor monthly, quarterly and annual financial reports with budget variance analysis and notes to financials for partners, investors and lenders
-Prepare timely waterfall based on complex partnership agreements
-Monitor AP, control AR, fund PR, monthly billing with reconciliations of revenue / tenants a/cs
-Prepare / supervise month and quarter end process: accruals, prepaid, deferred revenue, amortizations, cost control and GL analysis, bank reconciliations
Finance Manager Cushman & Wakefield for New York Presbyterian Hospital 2012 - 2013
-Liaised with client’s managers, consuls and auditors and developed constructive solutions
-Monitored timely funding and recordings of all mortgage / financing costs, real estate taxes
-Stream-lined capital improvements for building and tenants based on urgency and cash flow and monthly draws from various escrows for smooth cash flow
-Prepared / Supervised financial reports with budget variance analysis and notes to financials; presented final reports to Client and property managers to discuss strategies to enhance profitability and liquidity
-Supervised / funded / implemented internal controls for Payroll, Accounts Payable, & Accounts Receivable
-Conducted internal audits of financial statements to ensure applications of all Client and legal requirements
-Supervised / implemented timeline for contractual payments and reduced monthly expenses by 5%
-Implemented timely collections procedures and reduced total AR by $1M in six months
-Reviewed leases, billings, charge backs and increased billings of various escalations by 15%
-Computerized various escalations billings, bad debts, collections, depreciations, monthly prepaid and accruals, amortizations, rent step ups, straight line rent
-Procured adequate property insurance for 40+ properties, with saving of 10%
-Managed cash flow, intercompany billings / fund transfers, timely funding of waterfall
-Trained, developed and motivated staff with their strength
Controller Clinton Housing Dev. Co. 2008 - 2012
-Arranged financing of various deals and negotiations with investors and lending institutions for timely and economical funding of various projects, reduced cost of financing by 5%
Page 1 of 2
NANCY BULSARA
-Guided top management on merger and acquisition of properties for cross control and optimum use of
investors’ funds. Created financial models, DCF, NPV and IRR analysis and present to Board.
-Worked closely with auditors for annual financial reports, and annual tax returns to ensure compliance with state and federal statues
-Prepared / monitored capital and operating budget with tax planning to strengthen cash flow and increased profitability by 10%
-Prepared timely waterfall based on complex partnership agreements
-Prepared detailed equity and distribution statements including allocations of profit
-Reviewed / discussed with property managers all property level reports to reduce vacancies and ARs
-Oversaw timely preparation real estate taxes, mortgages, financing costs, and contractual payments
-Approved and computerized rent step ups, charge backs, and intercompany payments
-Supervised/ prepared schedules for straight line rent, amortizations, accruals, prepayments, and JEs
-Ensured adequate property coverage and procure the most competitive comprehensive coverage
-Prepared and monitored monthly, quarterly and annual financial reports with budget variance analysis and notes to financials for partners, investors and lenders
Controller American Realty Capital, LLC, NYC, NY 2006 - 2008
-Oversaw, analyzed and recorded all processes and due diligence from LOI to closing in acquiring triple and double net properties
-Raised capital calls for acquiring new partnerships with help of financial models with ROI and IRRs
-Advised board members of various properties, their current financials, budgets and cash flows as well as various options of financing major capital improvements
-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
-Protested increase in taxes with help of tax certiorari
-Supervised the coordination and review of 8Ks, 10Ks, 10Qs, and other required reports
-Supervised month-end closing for multiple companies and management of company operations
-Reviewed fixed assets schedules and prepared depreciations on tax and GAAP basis
-Prepared monthly financial reports on GAAP basis and quarterly and annual reports on GAAP, tax and fair market value basis
-Processed the net asset value and per share price at fair market value
-Implemented new accounting software, IBS, and produced automated financial reports
Controller 601 West Associates LLC, NYC, NY 1999 - 2006
-Acquired properties, formed new partnerships and refinanced
-Calculated IRR, liquidity, debt-equity, ROI, and current revenue-expense ratios
-Established and accounted for escrow accounts for closing expenses
-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
-Drafted and reviewed 8Ks, 10Ks, 10Qs, and other required reports
-Calculated monthly waterfall for preferred returns, and return of preferred and common returns
-Prepared and monitored operating and capital budgets, and business projections to increase liquidity and net earnings
-Supervised the timely preparation of monthly billings, various escalations, charge backs, and cash management reports
-Reviewed straight line rent calculations. Computerized fixed assets and depreciations of various assets using FAS on tax and book basis
Education:
Certification as a Chartered Accountant, Institute Of Chartered Accountants of India
Bachelor of Science (BS) in Accountancy, University of Bombay, Bombay, India
Bachelor of Science (BS) in Accountancy, Baruch University, NYC, NY
Page 2 of 2