Overview
Work History
Education
Skills
Work Preference
Summary
Timeline
Generic
BASMAL SULCHAN

BASMAL SULCHAN

Kota Depok,JB

Overview

23
23
years of professional experience

Work History

Chief Financial Officer

PT Sahira Penuh Berkah, Sahira Hotel Group
07.2023 - Current
  • Prepare company for Initial Public Offering
  • Develop corporate restructuring strategy for IPO
  • Lead in strategic finance including fund raising and financing opportunities with result of IDR 3 billion working capital lines are activated and
  • IDR 10 billion investment loan in pipeline
  • Act as financial planning & analysis and cost controller, improved COGS into 32 % from 35% and achieved operating profits at IDR 5 billion
  • Increased cash flow by optimizing working capital management and reducing outstanding receivables
  • Improved cash cycle into bellow 20 days
  • Streamlined financial processes by implementing new accounting software and automation techniques
  • Worked closely with audit team to hedge against or mitigate operational risks
  • Directed budget development, budgetary controls and recordkeeping to make informed financial decisions
  • Negotiated favorable credit terms with banks for increased borrowing capacity and reduced interest expenses
  • Improved cash flow, retired debt and built cash reserves to control costs and enhance benefits
  • Maintained P&L and shouldered corporate fiscal responsibility
  • Authored, evaluated and reviewed reports to highlight company financials to key stakeholders
  • Consolidation Accounting
  • Strategic Financial Decisions
  • Management accounting
  • Credit management
  • Devised benchmarks to align goals and strategies with underlying financials
  • Analyzed inventory strategy, reduced expenses and renegotiated contracts with vendors to increase profit margin
  • Negotiated favorable credit terms with banks for increased borrowing capacity and reduced interest expenses
  • Advised Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis
  • Managed and led direct reports to handle controllership, treasury and corporate finance functions
  • Conducted detailed analysis of company financial information and oversaw preparation of related reports
  • Oversaw budgets, payroll, and accounts payable and receivable
  • Oversaw accounts payable and receivable to track income and expenditures, drive statutory compliance and provide quantitative financial information
  • Spearheaded due diligence efforts for potential partnerships or joint ventures, securing mutually beneficial arrangements that supported company growth objectives
  • Oversaw business-wide changes to modernize procedures and organization
  • Completed in-depth analyses of risks to control company profile, enhance systems, and track legal concerns

Financial and Accounting Head

Integrasi
01.2023 - 01.2006
  • Jakarta
  • Improved financial accuracy by implementing new accounting software and streamlining processes
  • Simplified complex accounting issues by creating easy-to-understand reports for non-financial stakeholders
  • Led implementation of new revenue recognition standards which improved alignment with industry best practices
  • Implemented cost control procedures and cost management processes, saving company IDR 2 billion
  • Established strong relationships with vendors, negotiating favorable payment terms that improved cash flow management
  • Implemented tax strategies that minimized liabilities while ensuring compliance with all regulations.

Investment Director

Bold Investment Co. Ltd
Jakarta
01.2023 - 01.2001
  • Managed team of two analysts to conduct detailed financial modeling and valuation analyses, facilitating informed decision
  • Identified fraud during Post Merger Integration avoiding additional IDR 2 billion loss for company
  • Developed strong relationships with industry partners, expanding firm’s network and deal flow
  • Presented concise investment recommendations to company by synthesizing complex financial data into easily digestible information
  • Stayed ahead of emerging trends in the market by attending relevant industry conferences, seminars, and webinars regularly
  • Improved operational efficiency within team by implementing streamlined processes for deal sourcing, evaluation, and execution
  • Enhanced portfolio performance by identifying and selecting high-potential investment opportunities
  • Sourced new investment opportunities through networking events, industry conferences, and targeted outreach efforts
  • Reviewed legal documentation related to deals in collaboration with legal counsel, safeguarding company interests during transactions effectively
  • Collaborated with other departments within the firm to identify potential synergies and explore cross-functional business opportunities
  • Provided valuable insights into market conditions by producing regular reports on industry trends, competitor activities, and other pertinent factors affecting investment decisions
  • Reduced financial risks by conducting thorough due diligence on potential investments and monitoring existing assets
  • Mentored junior staff members on industry best practices, fostering a culture of continuous learning and professional development within the team
  • Facilitated clear communication between internal teams, external partners, and clients to ensure seamless execution of deals
  • Negotiated favorable deal terms for both targeted firm and company by leveraging market knowledge and strong negotiation skills
  • Researched companies and prepared presentations for management and prospective buyers
  • Established internal audit procedures to validate and improve accuracy of financial reporting
  • Created financial dashboards to provide insights into key performance indicators
  • Evaluated and negotiated contracts to procure favorable financial terms
  • Collaborated with C-level executives and stakeholders to develop long-term financial plans.

Financial Consultant

PT Aplikasi Ekosistem Karya Bangsa
Jakarta
01.2022 - 01.2003
  • Revamped business model, financial model, and features of the digital solution to optimize company valuation at USD 3 Million
  • Led fundraising activities and generated IDR 1 bio fund from an angel investor
  • Developed comprehensive financial plans for company to achieve their short-term and long- term goals
  • Increased company value by providing strategic financial advice and recommendations of actions
  • Streamlined internal processes, improving efficiency while maintaining compliance with industry regulations
  • Led company with preparing financial plans, conducting research, and completing trades and transactions to assess and meet financial goals.

Finance Director

PT Motora Prima Indonesia
Jakarta
01.2006 - 01.2020
  • Reconstructed business and financial model to optimize company's valuation into IDR 15 billion
  • Led company in pre-revenue fund raising activities and secured investor interest at IDR 15 bio from a strategic investors
  • Streamlined financial processes by implementing efficient budgeting and forecasting systems
  • Generated financial and operational reports to assist management with business strategy
  • Analyzed financial statements against forecasts to prepare high-level variance analysis.

01.2012 - 01.2017

Head of Investment

Investama
Jakarta
01.2006 - 01.2020
  • Secured IDR 1 trillion investment from major shareholder, allowing for further expansion of business in capital markets and direct investment
  • Developed strategic plan to capitalize on growth opportunities and achieve a 20% increase in revenue
  • Conducted a comprehensive financial analysis of potential investments and mergers, resulting in increase in return on investment
  • Closed minority acquisition deal with value of IDRbillion
  • Closed debt financing deal with value of IDR 2 billion
  • Generated revenue of IDR 300 million from a business advisory to the group's subsidiaries
  • Conducted in-depth market research and analysis to identify new investment opportunities for company
  • Provided risk mitigations solutions that enabled company to lower exposure to potential losses
  • Developed strong relationships with industry partners, expanding the firm''s network and deal flow
  • Presented concise investment recommendations to company by synthesizing complex financial data into easily digestible information
  • Stayed ahead of emerging trends in the market by attending relevant industry conferences, seminars, and webinars regularly
  • Improved operational efficiency within team by implementing streamlined processes for deal sourcing, evaluation, and execution
  • Enhanced portfolio performance by identifying and selecting high-potential investment opportunities
  • Sourced new investment opportunities through networking events, industry conferences, and targeted outreach efforts
  • Reviewed legal documentation related to deals in collaboration with legal counsel, safeguarding company interests during transactions effectively
  • Collaborated with other departments within the firm to identify potential synergies and explore cross-functional business opportunities
  • Provided valuable insights into market conditions by producing regular reports on industry trends, competitor activities, and other pertinent factors affecting investment decisions
  • Reduced financial risks by conducting thorough due diligence on potential investments and monitoring existing assets
  • Mentored junior staff members on industry best practices, fostering a culture of continuous learning and professional development within the team
  • Facilitated clear communication between internal teams, external partners, and clients to ensure seamless execution of deals
  • Negotiated favorable deal terms for both the firm and investors by leveraging market knowledge and strong negotiation skills
  • Researched companies and prepared presentations for management and prospective buyers
  • Established internal audit procedures to validate and improve accuracy of financial reporting
  • Created financial dashboards to provide insights into key performance indicators
  • Evaluated and negotiated contracts to procure favorable financial terms
  • Collaborated with C-level executives and stakeholders to develop long-term financial plans.

Head of Branchless

01.2016 - 08.2017
  • Banking
  • PT Indosat Ooredoo tbk, Jakarta, JK
  • Increased fee based revenue for Dompetku by from cooperation with insurance and asset management partnerships
  • Developed strategic plan that doubled group's revenue over a 2-year period
  • Managed team of sales and marketing professionals, resulting in a 50% increase in team performance
  • Established successful network of contacts and partners in the industry, providing company with access to potential customers and new markets such as banks, insurance, and asset management companies
  • Negotiated and closed a major partnership with a major bank.

Assistant Vice President, Business Manager

Deutsche Bank AG
01.2007 - 10.2016
  • Jakarta, JK
  • Improved revenue generation by 50% for Direct
  • Securities Services division
  • Improved by 1000% for revenues from foreign exchange services into EUR 2 million
  • Won Most Improved Revenue Deutsch Bank branch in South Asia Pacific in 2014 and Most
  • Improved Profits Deutsch Bank branch in South
  • Asia Pacific in 2014
  • Established Business Continuity Management procedures for Direct Securities Services division
  • Developed Key Operational Procedures for
  • Direct Securities Services division to minimize operational risks and audit findings
  • Prepared standalone and consolidated forecasts, and analyzed trends in revenue, expense, capital expenditures and other related areas
  • Optimized resource allocation by analyzing operational needs, reallocating resources as needed to maximize efficiency across all functions
  • Collaborated closely with executive leadership to align department goals with overall company objectives, resulting in stronger organizational cohesion
  • Managed a diverse portfolio of projects, ensuring that each project met established quality standards and delivered expected results on time and within budget
  • Developed comprehensive financial forecasts based on historical data analysis, enabling more accurate budget planning and resource allocation
  • Developed and implemented new strategies and policies in collaboration with executive partners to establish and achieve long-term business objectives, providing company with strong and sustainable organizational leadership

Senior Manager, Bancassurance and, Senior Manager

01.2001 - 08.2007
  • Credit Policy and
  • Business Planning
  • PT Bank Danamon Indonesia tbk., Jakarta, JK
  • Created new revenue streams for bank from strategic cooperation with insurance companies and asset management companies
  • Increased the bank's fee based income by 10% into approx IDR 20 billion
  • Conducted market research for bancassurance and education saving product
  • Developed features and structure for Tabungan
  • Pendidikan Danamon and Primajaga 100
  • Project Manager for bancassurance product development
  • Business finance partner for development of new credit facility for small shops (mass market)
  • Provided high level performance “dashboard” quality reports to senior management for bancassurance products and mass market products
  • Analyzed actual results to understand variances, and revise financial projections as appropriate for bancassurance products and mass market products
  • Analyzed financial statements, credit reports, and customer profiles to assess creditworthiness and set credit limits for new and existing customers
  • Created and presented reports and presentations to senior stakeholders, demonstrating project progress and results
  • Developed and implemented credit policy and procedures manual that improved customer service and compliance with industry regulations.

Education

Associate of Applied Science - Finance

Corporate Finance Institute
Current

Associate of Applied Science - Accounting And Finance

Corporate Finance Institute
2024-09

Associate of Applied Science - Finance

Lembaga Sertifikasi Profesi Pasar Modal Indonesia
2019-05

MBA - International Business

Queensland University of Technology
1997-07

Skills

  • Merger and Acquisition
  • Financial Modelling and Valuation Analysis
  • Corporate Finance
  • Credit Analysis
  • Financial Reporting
  • Internal Auditing
  • ERP System Expertise
  • Financial statement analysis
  • Internal Controls
  • Working capital management
  • Corporate finance
  • Cost accounting
  • A passionate and experienced finance professional with a proven
  • Track record of successfully leading the teams, the projects, and
  • Achieving high levels of satisfaction from the board Adept in
  • Overseeing all aspects of the financial/ investments and offering
  • Solutions when needed Bringing forth strong leadership skills
  • Effectively Dedicated Chief Financial Officer familiar with financial
  • Decision making and company-wide policy development Talent for
  • Overcoming operational issues and driving proactive improvements
  • Offering 20 years' experience in financial leadership

Work Preference

Important To Me

Company CultureTeam Building / Company RetreatsStock Options / Equity / Profit SharingPersonal development programsFlexible work hoursWork-life balance

Summary

Results-oriented Chief Financial Officer bringing 20 years of experience in financial industry. Strong history of achieving both financial and non-financial business goals with effective controls and planning.

Timeline

Chief Financial Officer

PT Sahira Penuh Berkah, Sahira Hotel Group
07.2023 - Current

Financial and Accounting Head

Integrasi
01.2023 - 01.2006

Investment Director

Bold Investment Co. Ltd
01.2023 - 01.2001

Financial Consultant

PT Aplikasi Ekosistem Karya Bangsa
01.2022 - 01.2003

Head of Branchless

01.2016 - 08.2017

01.2012 - 01.2017

Assistant Vice President, Business Manager

Deutsche Bank AG
01.2007 - 10.2016

Finance Director

PT Motora Prima Indonesia
01.2006 - 01.2020

Head of Investment

Investama
01.2006 - 01.2020

Senior Manager, Bancassurance and, Senior Manager

01.2001 - 08.2007

Associate of Applied Science - Finance

Corporate Finance Institute

Associate of Applied Science - Accounting And Finance

Corporate Finance Institute

Associate of Applied Science - Finance

Lembaga Sertifikasi Profesi Pasar Modal Indonesia

MBA - International Business

Queensland University of Technology

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