Experience

ECOGREEN ENERGY

• Türkiye
• Renewable Energy Semiconductor Manufacturing
• 1 - 100 Employee

• Deputy General Manager (CFO)

  • Oct 2021 - Present



Active Shipping and Management

• Istanbul, Turkey

• Chief Financial Officer

  • Mar 2021 - Oct 2021



ENERGO-PRO

• Czechia
• Utilities
• 200 - 300 Employee

• Chief Financial Officer

  • Jan 2018 - Mar 2021

  ENERGO-PRO is an independent power producer and supplier engaged in the generation, distribution (with more than 2 million grid customers in Bulgaria and Georgia) and cross-border trading of electricity. Group operates hydropower plants in Central and Eastern Europe, the Black Sea and the Caucasus (with an installed capacity of 862 MW in operation and 527 MW in construction). As an originally Czech company, Group has gradually expanded to Bulgaria, Georgia and Turkey. • Managing all finance operations in Turkey (General accounting, tax accounting, debt & equity financing, project financing, budget and reporting, cash management and treasury operations) • Responsible for development of financial and operational strategy, • Structured and currently managing project finance loans of USD 161mn loan for a 99,5MW HEPP and EUR 175mn loan for a 280MW HEPP, • Monitoring Group’s responsibilities under two different Eurobonds amounting to EUR 620mn, • Ensure timely and accurate monthly, quarterly and yearly closing in accordance with Turkish GAAP and IFRS, managerial performance reporting to Head quarter in Prag, • Managing the tax compliance process (tax planning, tax returns, potential tax audits, VAT Refund process, transfer pricing principles) • Leading and managing financial affairs units, human resources unit, information technologies unit and administrative affairs unit Show less



SOCAR Türkiye

• Türkiye
• Oil and Gas
• 700 & Above Employee

• Group Finance Manager

  • May 2013 - Jan 2018

  • Actively coordinated & executed debt and equity funding of Investment Projects of SOCAR Turkey Group • Structured & executed project finance transactions, coordinated & conducted technical, financial, legal, tax and insurance due diligences, negotiated finance documents including security agreements • Actively managed preparation of debt request packages, detailed info memo, financial models, valuation studies, management presentations and coordinated Group's internal sources in order to prepare such documentation • Managing & preparation of daily-monthly-annual cash flow forecasts of Group companies, performed more than $1 bn treasury transactions (FX, Hedging) per year • Managing financial & tax audit processes, supervising & controlling financial statements based on IFRS standards • Supported IT Team in implementation of SAP FI & TRM Modules • Managing & controlling financial and operational performance reports (Project and Company based budget, budget-actual comparison, key performance indicators and capital expenditures) • Some projects successfully completed and currently being involved; - Non-recourse project financing of STAR Refinery Project (5 different ECAs and 17 commercial banks) - Petkim's share sale of %30 in Petlim Port to Goldman Sachs Int. with a 7-year Put Option from STEAS. - Procurement of Letter of Credit/Guarantees of US$1.6 bn from A- or higher rated multiple banks against SOCAR Azerbaijan’s Base and Stand-by Equity Commitments in STAR Refinery - Limited recourse project financing of Petlim Port Project (Container terminal with a capacity of 1.3 mn TEU, operated by APM Terminals) - Equity & Project Financing of Coal-fired Petkim Cogeneration Power Plant - Supervising Petkim Acquisition Loan in terms of covenants and P&I payments, leading the amendment and waiver processes Show less



Petkim

• Türkiye
• Chemical Manufacturing
• 700 & Above Employee

• Finance Manager

  • Sep 2012 - May 2013

  • Reporting to the CFO, assisting and supporting CFO for financial management activities and decisions, managing a team of 6 direct reports • Responsible for cash flow management of the company, managing daily/weekly/monthly cash flow of the company • Optimized working capital in terms of receivables and payables, managed the debt structure and borrowing strategies of the company • Managed relations with local&foreign banks • Directed negotiations and finalization of an EBRD (MidSeff) Loan (EUR 30 million - 9 yrs maturity) for financing of Energy Efficiency Projects and an ECA (JBIC&NEXI) Loan (US$101,5 million – 10,5 yrs maturity) for financing Capacity Expansion of Ethylene Plant Project in 6 months’ time. • Completed technical&financial feasibility of Petkim’s cogeneration plant which will result in a significant decrease in energy costs of Petkim • Supervising the feasibility studies of Group’s (SOCAR Turkey) other investment projects, • Leading the financing of Petlim Port Project (CAPEX of US$300 million – Operations Agreement with APM Terminals) Show less



TSKB | Türkiye Sınai Kalkınma Bankası

• Türkiye
• Banking
• 300 - 400 Employee

• Project Finance Manager

  • Oct 2009 - Sep 2012

  • Preliminary evaluation of the investor’s credit request technically/financially and preparation of financing proposals including security package on a non recourse or limited recourse project finance approach, Drafting and negotiation of financing proposals/term sheets • Managing and liaising with syndicate/consortium members, advisors, legal counsels, sponsors to execute transactions • Financial modeling according to technical, financial, market, legal, tax and insurance due diligence reports, valuation of the project and debt sizing analysis • Strong competence in preparation, negotiation and execution of loan/security agreements and legal documentation • Monitoring of financial performance/covenants of the projects from signature of loan agreements through project implementation and operation • Re-evaluation of the cash flows of the projects under circumstances of the economical conjunctures and forecasts • Actively involved in and successfully completed project financing for nearly 450 MW hydroelectric, 1500 MW thermal (Natural gas and imported coal fired), 90 MW wind power plants, and legislative investment obligation of an electricity distribution company, • Evaluated project financing requests for several energy projects, Monitoring of various HEPP, WPP, and Thermal Power projects over 1.000 MW • Extensive expertise in energy sector in terms of generation, transmission and distribution, Trading Electricity and Natural Gas and in EMRA legislation especially in Balancing and Settlement Mechanism and Distribution Tariff determination methodology in Electricity market Show less



Enerya

• Türkiye
• Oil and Gas
• 200 - 300 Employee

• Business Development Executive

  • Aug 2007 - Oct 2009

  • Manage feasibility studies and preparation of financial models on new business projects in Natural Gas & Electricity Markets, particularly Wholesale, Trading, Distribution, and Retail Sales • Performed due diligences and made valuation studies of ENERGAZ companies for potential sales • Consolidation of investment planning and budgeting of local distribution companies in accordance with legislative requirements • Projecting income figures of local companies in accordance with Tariffs Regulation foreseeing Price Cap, Regulated Asset Base methodology • Optimizing midterm corporate borrowing plans according to consolidated investment plans and cash flow projections • Build up the natural gas wholesale business, preparation of business plan and operational guideline of MEDGAZ Natural Gas Wholesale and Trading Company, managed negotiations on gas sales and purchase agreements with importer companies/customers • Project team member of the first privatization tender (2008 - US$1,6 bn) of Baskent Natural Gas Distribution Company won by consortium of Global Investment Holding and Energaz from feasibility studies to a potential financial close • Monitoring distribution grid balance of whole group in terms of purchased and sold gas, development of remote reading and SCADA systems throughout all natural gas distribution companies • Monitoring regulations in energy markets especially in natural gas and electricity markets and interinstitutional relations with EMRA, BOTAS and GAZBİR Show less



Kentgaz Natural Gas Distribution Company (affiliate of ENERGAZ)

• Denizli

• Business Analyst

  • Aug 2006 - Aug 2007

  • Working directly with General Manager, worked on creating efficient organization, workforce optimization and ERP implementation to assist company's operations • Follow-up pipeline construction and controlling of progress payment reports agreed with subcontractors • Balance of the distribution network in terms of purchased and sold natural gas • Conducted fundamental research on metering and regulating techniques of natural gas • Metering and billing of large-scale industrial consumers, redrafting of gas sale agreements in accordance with provisions of Network Code • Conducted briefings about new structure of Natural Gas Market to large scale industrial customers in local Chamber of Commerce and Industry • Contract Management according to the New Network Code • Seasonal consumption profile and demand projection analysis in correlation with number of customers, customer type and weather conditions • Managerial and operational implementation of new regulations in Natural Gas Market • Official correspondences with public and private institutions (EMRA, BOTAS etc) Show less



Abalıoğlu Lezita Gıda San. A.Ş.

• Türkiye
• Food and Beverage Manufacturing
• 400 - 500 Employee

• Management Trainee

  • 2001 - 2002