group finance director
Nozul Hotel and Resorts
مجموع سنوات الخبرة :11 years, 5 أشهر
Key Result Areas: Investments / Luxury Real Estate / Hospitality/ Healthcare / Cost Management/ Corporate Finance
Single point of Contact from the 100% Qatari Owned company - Nozul Real Estate and Nozul Hotel and Resorts
Nozul Hotels and Resorts owns and operated luxury hotels based out of Qatar and Europe - Portugal, Italy and UK
Nozul Real Estate owns completely leased grade A commercial tower in Doha, Villas and a Premium Hospital in Doha
Investment Proposal Evaluation and Negotiation on Final Terms - Premium Luxury Branded Restaurants
Structured for investment in Holdco of Dubai based premium Hospitality chain, backed by Abu Dhabi based IPO fund by adding Convertible instruments having cumulative dividends. Negotiated on EV EBITDA ratio for exit valuation
Evaluated for investment in Luxembourg based PE fund invested in Luxury Branded hotels backed by New York based premium hotel brand also having interests in Italian cuisine and a sea facing luxury residential tower in Miami
Evaluated investment proposals for restaurant chains in Doha locations - West Bay, Lusail and Doha Port
Finalized term sheets for investments in a luxury French cuisine restaurant based out of London through structured loan
Real Estate Asset Management - Marriot Operated Hotel Chains - W, St Regis - Monthly RevPar
Discussed hospitality chain asset managers on monthly basis for improvements in EBITDA of luxury 5-star hotel in Doha
Negotiated for higher revenue for 5-star luxury hotels by improving Rooms and F&B revenue by evaluating Transient and Group and Contract: ADR, Occupancy and Restaurant - Lunch and Dinner Covers and Checks
Negotiated with insurers better terms and lower insurance premiums for entire real estate portfolio
Annual Budget approval for EBITDA, and negotiated with Marriot on revising management and incentive fees structure
Continuous monitoring and overseeing Hospital Operation and Finance/Revenue Cycle Management
Interviewed professionals having 30 years of experience for appointment of Chief Financial Officer for a premium Hospital based out of Qatar and negotiated on terms for joining
Evaluated monthly cash requirements and negotiated for better credit terms with suppliers by extending credit period
Detailed diligence on Budget Approvals for Hospital including Doctors’ compensation, Material Costs and its components, Staffing requirements, revenue cycle management, hospital cost efficiency and output improvements
Crafted Hospital Finance and Revenue Cycle Management Staff flow chart by marking line of authority for better output
Financial Reporting/Compliance and Counterparty Relationships
Oversee quarterly financial reporting and consolidation of accounts, managing all finance & accounts team members
Mange relationship with bankers, real estate valuers, auditors, insurance agents and real estate asset general managers
Managing loan portfolio of more than USD 1 billion in multiple currencies including interest rates and credit limits
Managing taxation in Italy based company for generating better yields across 3 hotel assets and intercompany debt
Highlights:
Approve all financial transactions in assets located in multiple countries & managing cashflows across multiple banks
Act as a Deputy CFO - coordinate between Owners and CFO and multiple sub teams having total staff size 100
Relationship with key stakeholders - lawyers, bankers, auditors, valuers, solicitors, tax advisors across GCC.
Key Result Areas:
Designing Tax efficient AIF with investments from Singapore, Cayman, Canada & UK in coordination with Tax Advisors & Auditors
Generating cash income by investing idle funds over in short term liquid and marketable securities
Reviewing Fund Private Placement Memorandum, commercial negotiations in investments and other business acquisition proposals
Responsible for opening bank accounts for project cashflow management and authorised signatory for all activities of the fund
Streamlining & restructuring the accounting function including cleaning up of the balance sheet and compliance with Ind AS/GAAP
Instituting quarterly financial results and reporting process for multiple lines of business - fund based and non-fund based
Detailed reporting analysis of project financials and cashflows at the portfolio and consolidated fund level
Working directly with the investment head to forecast project cashflows, fix unit selling rates and prepare quarterly budget report
Developing & implementing a more integrated reporting process to improve financial performance and control
Highlights:
Worked as an integral part of top management team; turned around group by relentlessly pursuing key performance barometers
Negotiated with Fund Administrators in Singapore for managing a VCC and banks for determining the exchange rate for remittance
Led Asset Management and Financial Planning of 15 million sft+ / 5 IT SEZ commercial offices parks in Gurgaon, Noida & Kolkata
Coordinated with Leasing, Technical & Rent Roll teams in preparation of extensive business plans to be reported to USA office
Provided solution for enhancing the distribution of REIT cashflows (NDCF) to unit holders by efficient tax & debt management
Member of Core Team undertaking M&A process and execution of Piramal Capital and DHFL Wholesale lending division
Contributed in hard negotiation for one time settlement of USD 35 million credit proposal and maximizing the resolution amount
Enhanced the total IRR for merger deal by selling down of investments to ARCs/ AIFs to generate upfront liquidity of USD 500 million
Analysed project cashflows for restructure of debt and worked towards project financial closure by involving last mile financiers
Originated & evaluated deals for investing in 20+ Commercial Offices, IT Parks and Hotels for investment in major cities
Engaged in Bid Management for a large IT Park at Bengaluru, warehouse in Hyderabad and Corporate building in BKC Mumbai
Drove hard negotiation and deal closure for a commercial property in BKC with a leading Indian developers based out of Mumbai
Prepared & submitted NBFC business plan to RBI for Real estate, corporate finance & Consumer Lending for Mirae asset group
Led process under IBC code under NCLT to resolve a stressed asset and negotiated with Developer, Fund & Resolution professionals
Senior Manager - Real Estate Investment and Credit
Apr’16 - Aug’19
Prepared investment memorandum for 30+ proposals to invest in Real Estate projects and presented to Investment Committee
Engaged in financial modelling & recast of 50+ Real Estate projects to assess financial closure and for post disbursement monitoring
Computed cover ratio from Primary Collateral and asked client to provide for additional collateral when such cover falls inadequate
Decided on conducting forensic audit and partnered with KPMG to assess credibility of the proposed borrower for credit proposals
Credit Analyst - Corporate Lending Group Apr’15 - Mar’16
Analysed quarterly results for 30+ companies in Media, IT, Cement & Textile sectors; prepared snapshots for QoQ & YoY trends
Detailed study of annual audited report & investor presentation of various companies under Cement sector; prepared portfolio report
Discussed business plans and finance requirement with promoter and senior management of top 500 Nifty listed companies
Worked on multiple credit products such as Loan Against Shares, Loan Against Property, High Yield Promoter Loan
Responsible for Accounting and Reporting of All Equity investments by the bank treasury and complying with RBI regulations
Reduced downtime by 2 hours by automating 10 major steps in the Murex Treasury system by process innovation
Proven track record in attaining fast scale promotion to Manager (Band II) within 2 years of joining ICICI Bank
Cleared Level 3
Grade: Cumulative 7.22/10 ; Specialization Finance (11 electives) : 8.29/10Grade: Cumulative 7.22/10 ; Specialization Finance (11 electives) : 8.29/10 Activities and societies: ManfestActivities and societies: Manfest Post Graduate Programme in management with the fourth IIM in the country established in 1984 in Lucknow, India. Campus programme with Majors in Finance. June 2013 to March 2015
Grade: Gold Medalist 5 year extensive course in Cost and Management Accounting
2005 - 2010 Grade: 1st Attempt (Top 4.57%)Grade: 1st Attempt (Top 4.57%) 5 year course in Accounting, Taxation and Finance by the Institute of Chartered Accountants of India, similar to CPA USA. it is spread at three competitive examinations/levels. Cleared all examinations at one sitting, with all sub group of examinations taken together