ELVIR MUJANOVIC, CFA

*** ***** ******, *********, ************* 01940 -781-***-**** - adivai@r.postjobfree.com 1 P a g e

PROFESSIONAL EXPERIENCE

Malta Inc., Cambridge, MA

Vice President of Finance and Administration 2018–Present

Provide financial and strategic leadership to enable the company to deliver on key development milestones as it scales from a small startup to a major grid-scale energy storage player in the USA and international markets

Serve as a key partner to the company’s leadership team through contributions to the strategic planning process as well as in creation of the overall corporate strategy, budgets, and product development plans

Drive corporate strategic results through financial modeling of new business opportunities, project profitability analysis and business improvement plans, and the negotiation of customer and strategic partner contracts

Spearhead all fundraising activities as part of the Series B fundraise, including o Develop short and long-term budgets,

o Build pro-forma and cap tables,

o Participate in investor presentations and negotiations

Negotiate joint development agreements for critical system subcomponent engineering, design, and development with two world class leading manufacturing corporations

Co-lead engagement with a utility customer for company’s first 100MW energy storage project, including negotiating term sheet, development of project finance model, and engagement with investors and lenders

Establish several foreign subsidiaries and ensure compliance with foreign legal and tax requirements

Manage the financial, accounting and reporting functions of the company while leading a small staff responsible for accounting, payroll, HR, AR/AP, tax reporting, audit, and administration functions

Oversee preparation of monthly, quarterly, and annual financial statements for the company Career Highlight:

Negotiate joint development agreements with two strategic partners and support their commercial evaluations of Malta’s markets while building a new technology company and recruiting key hires Rye Development, Boston, MA

Vice President of Finance 2014–2018

Lead the company’s finance and administration functions and work as the primary liaison among current and potential investors, lenders, auditors, and tax accountants

Negotiate joint venture agreements with two Fortune 500 companies which contributed to the company profile improvement and new project developments

Produce marketing and investors presentations for platform enhancement and project investment opportunities

Interface with the chief executive officer and the board of directors in formulating overall corporate strategy and marketing positions, which led to the emphasis on specific types of project and new objectives

Build detailed and flexible financial models for portfolio of 23 projects with a total of $750M in required capital, which were utilized in assessing project economics and raising third-party capital from banks and private equity investors

Ensure compliance and maintenance of loan covenants as well as negotiating multiple amendments to loan agreements with lenders as changing circumstances required

Efficiently manage corporate cash flow and spending budgets to ensure preparation and authorization of budgets by the Board, as well as adequate cash flow runway to meet necessary expenses for ongoing operation

Oversee external bookkeeping service providers and ensure proper recording of all accounting entries and vendor invoice payments

Generate monthly, quarterly, and annual financial statements for four operating entities which included summarization of significant expenses and major deviations from approved budget for the board of directors and investors

Administer human resource tasks, including staff recruitment, payroll administration, and employee benefits Career Highlight:

Played significant role in sourcing and negotiating more than $40M in debt and equity funds from private equity companies to fund the development of 24 hydropower in six different states with over 560 MW total capacity Free Flow Power Corporation (predecessor to Rye Development), Boston, MA ELVIR MUJANOVIC, CFA

738 Salem Street, Lynnfield, Massachusetts 01940 -781-***-**** - adivai@r.postjobfree.com 2 P a g e

Vice President of Finance 2011–2014

Managed an accounting team consisting of controller, senior accountant and bookkeeper

Provided support to the CEO and the Board during the implementation and development of short- and long-term strategic planning for the company

Assumed accountability in creating comprehensive short- and long-term company budgets to examine and observe operating cash flow runway and capital requirements

Created Black-Scholes option pricing models to calculate the cost of employee option grants and ensured option expense were recorded per GAAP guidelines

Manage annual audit process by providing necessary financial data and documentation in addition to writing overall financial statement notes and sign off in the final audited financial statements

Rendered assistance in all facets of hydropower project development encompassing economic valuation, power pricing for potential off-takers to turbine supply agreements negotiations along with joint venture arrangements with construction companies

Evaluated changes in power markets and regulatory environment to optimize corporate strategy decisions and market positioning

Managed the company through significant organizational change due to the decision to abandon one line of business and refocus the company on more profitable opportunities Career Highlights

Contributed to the business model revaluation and line of business expansion, thus helping the company to create cost-effective portfolio of projects

Merrill Lynch, New York, NY

Associate, Municipal Securities Department 2008–2009

Provided underwriting and advisory services to state housing finance agency issuers throughout the United States

Managed all facets of bond issuance from due diligence and initial planning analysis to structuring and pricing to post-sale and bond close in collaboration with senior bankers

Structured, managed the pricing of, and closed five transactions with total par-amount surpassing $900M of fixed and variable-rate bonds hedged with interest rate swaps

Determined timing, structure, size, and terms of transactions by working collaboratively with issuers, financial advisors, attorneys, rating agencies, sales force, underwriting and swap desks

Implemented strategies in evaluating and tracking customer’s outstanding bonds and mortgage portfolios utilized in arranging future bond issuance and creating rating agency cash flows UBS Investment Bank, New York, NY

Associate Analyst, Municipal Securities Department 2005–2008

Facilitated execution of more than 30 senior managed bond issuances amounting to over $2.5B for various state housing finance agencies

Developed financial models to review refunding and refinancing opportunities for possible customers based upon the outstanding bond and mortgage information, mortgage rates, credit risk, and rating agency requirements

Examined potential refunding and saving opportunities used in refunding proposals and presentations by preparing saving and restructure analysis for selected housing authorities EDUCATION

Master of Business Administration, 2011

Tuck School of Business, Hanover, NH

Bachelor of Science in Business Administration, with Concentration in Finance and Accounting, 2005 magna cum laude

Honor’s Society Dean's List

Northeastern University, Boston, MA

PROFESSIONAL DEVELOPMENT

CFA Program, CFA Institute, Charlottesville, VA

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