NANCY BULSARA
416C Andover Drive
Monroe Township, NJ 08831 (516) 581 – 5646     
nergeez@gmail.com
 
Objective: Seeking position as a Controller
 
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                             Networked Reimb. Group Inc. for 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%
–       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.
 
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NANCY BULSARA
 
–       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                                                         2001 – 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 / monitored operating & capital budgets, and business projections to increase liquidity & 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
 
Assistant Controller             Phipps Houses   (Affordable Housing)                                                       1996 – 2001
Sr. Accountant                     Samson Management   (Affordable Housing)                                            1991 – 1996
Accountant                           Schlesinger Management     (Affordable Housing)                                    1987 – 1991 
 
Education:
Bachelor of Science (BS) in Accountancy, Baruch University, NYC, NY
Certification as a Chartered Accountant, Institute Of Chartered Accountants of India
Bachelor of Science (BS) in Accountancy, University of Bombay, Bombay, India
 
 
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