Chartered Accountant with experience into Project Finance and Treasury
Resume:
CA TAMAL KUMAR NAG
Residential Address: Kolkata Residential Address:
Flat No.1001, Block C, 10th Floor, Deben Sen Road, Pirtala, Salarpuria Sattva Melody,Pantrapalya Agarpara, Kolkata-700109 Mysore Road, Bengaluru, Karnataka-560039
Mobile- 965-***-****
Email:add2y9@r.postjobfree.com
CURRICULUM VITAE
Career Objective:
Professionally assist the organisation in achieving their goals and long term success, with upgrading my knowledge and enhancing skill and to keep adding values to myself and to the organisation to which I will serve.
Professional Profile:
BR LIFE – India Corporate Office
Associated with BR LIFE, India, A private Equity from Abu Dhabi as Group Financial Controller since Oct’18
• Successful investment into Healthcare (Brownfield Hospitals) Total of 850 beds across 3 locations, 1 PPP Hospital in Udupi (Free Treatment of Patient’s), Dialysis Center PPP in Karnataka & Telengana, Pharmaceutical plant in 2 locations, Acquisition of one of the oldest Tea Garden in Assam, Investment into 2 educational institution in Bangalore.
• Detailed Feasibility analysis & Due Diligence of Brown field Projects on for sale across India and initiating & closing the Bidding process in Positive Projects. Have closed on three Projects of 250, 250 & 350 Beds each in East, South India.
• Head the Project Finance division of Four Greenfield/Brownfield Units of BR Life
(Varanasi- 400 Beds, Bhubaneshwar- 300 Beds, Trivandrum- 250 Beds & Mumbai- 1500 Beds). Managing the Books of accounts, Project Finance & Banking, Debt Restructuring, Capex Planning.
• Initiation of Merger process of different Brownfield units acquired under various entity’s with the Flagship Company of BR Life.
• Documentation & Opening of tender for selection of Principal Contractor, Design, PMC
& MEP Consultant’s to build both the Hospitals and finalization of their contracts based on vendor selection & negotiations.
• Manage and Merge the Books of Accounts of all group initiatives under BR Life Banner. Handle the Books of accounts of Hospitals, Pharmacy distribution, Diagnostic Centre, Tea Gardens and Manufacturing Facilities across India.
• Implementation of detailed Budgetary exercise all across the group, Development of MIS and review tools automated through Billing systems & Accounting systems.
• Implementation of Cost Optimization Initiatives all across Group Concerns to contribute towards improved bottom line.
• Manage a team of 9 peoples under Corporate and 27 peoples across all group entities in Finance & Supply Chain. Corporate deals with accounting of Payroll, MIS, Budgeting Analysis, Project Finance & Management, Cost Optimization, Merger & Acquisition, Business Financing, Corporate Procurement.
• Financial India Operations Reporting to our Group Corporate Office in Abu Dhabi, UAE on Monthly Basis.
• Organizing Statutory & Internal Auditors at all our operational Units along with ongoing projects& review of Budgets and review of control tools implemented to curb leakage of Revenue & Cost.
Medanta Hospitals- Corporate Office
Associated with Medanta Health City & Hospitals since Dec’14 to Sept’18 as AVP- Finance (Projects, MIS & Internal Controls).
• Handled Books of accounts of Medanta with an annual turnover of Rs.1500 Cr approx.
• Handled Statutory & Internal Auditors in relation to Project audit, 2 operational Hospitals and Review of Budgets and review of control tools implemented to curb leakage of Revenue & Cost.
• Development & Introduction of Monthly MIS formats and review tools in HIS and all departments across all units in Medanta. Review of Actual Vs Budget month on month of EMR, Cash Flow, Financial Dashboard, Segmental Revenue Analysis, Dr. Report Cards, Control on Panel Business, Debtor Day Sales Outstanding, and Inventory Days.
• Presentation of Monthly MIS to PE advisors, CFO, COO and CMD.
• Head the Project Finance division of three Greenfield Units of Medanta (Lucknow- 1000 Beds, Patna- 800 Beds). Managing the Books of accounts, Project Finance & Banking, Debt Restructuring, Capex Planning.
• Initiation of Merger process of Parent Company & Parent Company Subsidiary with the Flagship Company of Medanta Hospitals.
• Documentation & Opening of tender for selection of Principal Contractor, Design & MEP Consultant’s to build both the Hospitals and finalization of their contracts based on vendor selection & negotiations. Currently dealing with finalization of Interior/Facility Contractors.
• Detailed Feasibility analysis & Due Diligence of Brown field Projects on for sale across India and initiating & closing the Bidding process in Positive Projects. Have closed on three Projects of 200, 250 & 300 Beds each in North, East & West India.
• Team Leader of ‘Project Fready’ Cost Optimization project in Supply Chain (Pharmacy, Med. Consumables & VMI) through benchmarking Procurement cost & MRP’s in comparison to major Hospital Chains across India.
• Team Leader of ‘Project Fready’ Manpower Reduction Programme of Outsource Agencies. Cost Reduction through decrease in Management Charges, Porter, Housekeeping & Security Guard Reduction at Patient Floors.
• Preparation & Finalization of Budgets at Unit & Corporate Level for Medanta as a whole. It includes consideration for Projects under Progress and fully operational Unit.
• Heading Finance & Account activities with relation to Unit wise Business Analysis. Analysing Contribution levels of revenue heads & earmarking steps for improvement of margins
• Pharmacy operations with relation to Inventory levels, SOB compliance, Speciality conversions, and substitutions for margin improvement. Paras Healthcare Pvt. Ltd
Associated with Paras Healthcare, Gurgaon from Jan’12 to Dec’14 as GM-Finance
& M&A . Remarkable achievements during my tenure.
Management Information Systems & Internal Controls:
• Acquisition & Due Diligence of New Projects at Patna, Dharbhanga & Panchkula. Project Financing of Patna & Dharbhanga through Consortium Banks, Merger of associate companies (Patna & Dharbhanga- Joint Ventures) into parent Company- Paras Healthcare Pvt. Ltd.
• Handled entire Project Financing & Planning from inception till commissioning of the project at Patna (300 Beds) & Panchkula (70 Beds).
• Development of MIS & Budget formats at Unit Level & Corporate Level for Revenue Analysis, EMRD records, Cash Flow, Financial Dashboard, Segmental Revenue Analysis, Dr. Report Cards, Control on Panel Business, Day Sales Outstanding, Inventory Days
• Heading Finance & Account activities with relation to Unit wise Business Analysis. Analysing Contribution levels of revenue heads & earmarking steps for improvement of margins
• Consolidation of MIS at Corporate level & Variance Analysis of Budget Vs Actual of revenue & cost heads. Cross comparison & implementation of best practises of units to other units on month on month basis.
• Implementation of Internal controls & check points at various Departmental cost centres for reduction of expenses & ensuring EBITDA Improvement.
• Introduction & Improvisation of fool proof check practices & proper record keeping for adequate audit trail.
Treasury Activities-
• Reconciliation of daily Bank accounts with regard to transfer of excess funds lying in Collection a/c & other current a/c to CC a/c to limit CC utilization & reducing interest.
• Managing daily cash & Debtor collection from units compared to Budgeted cash Flows
& planning Capex & Project Funding.
• Ensuring same day credit of Cash collection from our Units to our CC a/c.
• Preparation of zero based Yearly Revenue & COGS budgets & Capex Budgets based on ROCE.
• Preparation of business forecasts, ROCE’s of assets, FFR’s, liquidity & credibility status of organisation for application & processing of bank loan for new projects. Billing & Debtor Recovery (TPA, Corp, PSU):
• Implementation of Night audit process & planned discharge of patient to improve Patient Discharge TAT from 2 Hrs to less than 50 Min.
• Analysis of Deduction Trackers for deductions from Panel Debtors, TPA’s, Corporate
& PSU & reducing our deductions on Bills raised on Debtor’s.
• Visiting each TPA once a month to reconcile our TPA outstandings & finalising surgical packages for service improvement of customers & quick realization of payment. Instrumental in bringing down our DSO from 120 days to 50 days currently.
• Instrumental in developing procedural packages at various specialities to improve volumes in Cardiac Program, OBG, Gastroenterology.
• Training & education of departmental employees towards Brand service Standards, efficient time management, effective & productive utilization of time.
• Imparting Training as ‘Finance for Non-Finance’ to all departmental HOD’s & executives in relation to MIS, GL review, Monthly Provisions, Revenue Analysis. Aditya Birla Group:
Deputed at Aditya Birla Health Services Limited from Jan’10 to Jan’12 as Manager- Finance & Accounts. Remarkable achievements during my tenure.
• Instrumental in generating fresh loans for future Capex Requirement & extension & expansion of CC limits with AXIS BANK based on future business projections & Business Analysis.
• Finalization of Balance sheet 10-11, 11-12 within April’11 compared to last year (09- 10), when it was finalized on August’10 by drawing a complete audit plan & distributing the audit activities & time limits for completion of activities to all the departments.
• Tie up with Foreign Exchange Agents for discounting Foreign Patient Currencies.
• Detailed verification of Consultants (Full time, Part time, Honorary) appointment & their target achievements on quarterly basis. Actively Involved in Rationalization of Consultant fees based on their performances during previous periods.
• Yearly budgeting of operations & capex & Monthly MIS reporting.
• Training & education of departmental employees towards efficient time management, effective & productive utilization of time.
• Introduction & Improvisation of fool proof check practices & proper record keeping for adequate audit trail.
• Recovery of completely bad & doubtful debts amounting Rs.50 lacs from Corporate’s. Personally visited discontinued clients & government panels and recovered old out standings.
• Introducing proper regulation of day to day cash flows and utilization of own funds for repayment of Inter corporate loans & bank borrowings.
• Preparation of Monthly Financials & MIS every first week of next month.
Deputed as an Deputy Manager (Corporate Management Audit Division)- Involved in conducting Management audits on special assignments from Chairman Mr.KM Birla’s Office. (Dec’07 to Jan’10)
• Vikram Ispat (Alibag, Maharastra)- Sold to Welspun Group
• Birla Sun Life Insurance Group
• Thai Rayon (Thailand)
• Thai Carbon Black (Thailand)
• Alexandria Carbon Black (Eqypt)
• Aditya Birla Health Services Limited
Professional Qualification:
Professional Qualification (All in 1st Attempt)
Year of Passing Degree/Certificate Institution Percentage Nov 2007 C A Final ICAI 50%
May 2004 C A PE-II ICAI 53%
Computer Proficiency:
• Application Software: MS Office, HIS (Iflex)
• Accounting Packages: SAP, ERP (Matrix), Navision, Care21, Tally
• Other Management Packages: BMS, ICMS, Buildershield. Other Hobbies and Interests:
• Playing sports like Table Tennis, Badminton, Football, Cricket, Singing, Coin & Ticket Collection and Travelling to different parts of India & world Personal Details:
Date of Birth : June 03rd, 1983
Father’s Name : Mr. Tapan Kumar Nag, Retired Sr. Manager from Power Grid Corporation Linguistic Abilities : Proficiently Speak & Write- English, Hindi, Proficiently Speak & Understand -Bengali, Oriya & Punjabi Location Preference : Flexible
Relevant personal skills:
Analytical Skills : Possess strong problem-solving and numerical skills as borne out by intensive experience in accounting and financial analysis. Team Work : Have demonstrated strong inter-personal competencies in all places. Dated: 30th Day of April’2020
Place : Bengaluru
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