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Financial Controller

Location:
Monroe Township, NJ, 08831
Posted:
February 23, 2020

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Resume:

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%

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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

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