Nika Songhulashvili, Finance Expert in Amsterdam, Netherlands
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Nika Songhulashvili

Verified Expert  in Finance

Finance Expert

Location
Amsterdam, Netherlands
Toptal Member Since
April 14, 2022

Nika has worked as a Deputy CEO of a $100 million healthcare service provider, with more than 5,000 employees and 18 independent hospitals. He was also a voting member of the Investment Committee and has decided on investment opportunities of more than $20 million. Nika is passionate about providing advice on complex investment cases, business valuations, financial modeling, and profitability optimizations.

Excel ExpertInterim CFOFractional CFOInvestment AnalysisGrowth StrategyDue Diligence ConsultantManagement ConsultingProfitability AnalysisFinancial Planning & Analysis (FP&A)RiskMetricsRevenue & Expense ProjectionsFinancial ModelingAccountingBudgetingFinancial ReportingReal Estate Financial ModelingRisk Management ConsultingFinancial ManagementKPI

Career Highlights

Freelance Financial and Operational Advisor
Freelance
Deputy CEO, Risk Management and IT
EVEX Hospitals JSC
Assurance Manager
EY Georgia LLC

Education Highlights

Master's Degree
Ilia State University
Bachelor's Degree
Free University of Tbilisi

Case Studies

Work Experience

Freelance Financial and Operational Advisor

2021 - PRESENT
Freelance
  • Prepared an investment case and 10-year financial model for a commercial property with a value of more than $10 million.
  • Led business valuation of one of the country's largest wine manufacturing and distributor companies.
  • Carried out comparative analysis for two alternative investments in the manufacturing industry with acquisition costs of more than $4.5 million and $2.5 million.
Focus areas: Financial Modeling, Valuation, Financial Planning & Analysis (FP&A), Profitability Analysis, Profitability Optimization, Revenue Projections, Management Consulting, DCF Valuation, Forecasting, Business Models, Europe, Investment Analysis, Investments, Private Company Valuation, Market Research, Real Estate, Interim CFO, Investment Cases, Business Strategy, Due Diligence, Finance, Accounting, Profit & Loss (P&L), Financial Statements, Balance Sheets, Cash Flow, Team Leadership, Team Mentoring, Budgeting, DCF Modeling, Microsoft Excel, Financial Analysis, NPV Calculation, IRR, Cash Flow Forecasting, Sensitivity Analysis, Commercial Real Estate Finance (CREF), Cash Flow Analysis, Financing, Revenue & Expense Projections, Valuation Modeling, Financial Reporting, Cash Flow Modeling, Financial Management, Three-statement Modeling, Key Performance Indicators (KPIs), Scenario Analysis, Pitch Decks, Fundraising, CFO, P&L Forecasting, Loans, Inventory Management, Growth Strategy, Cash Flow Management, Due Diligence Consultant, Funding Strategy, Fractional CFO

Deputy CEO, Risk Management and IT

2019 - 2021
EVEX Hospitals JSC
  • Developed the company's medium- and long-term strategy with the CEO.
  • Led and mentored a team of more than 30 professionals.
  • Analyzed and made decisions on investment opportunities with a total value of more than $20 million (new products, new service lines, heavy equipment acquisition, business acquisitions, etc.) as a voting member of the investment committee.
  • Led an organization-wide software systems implementation, most notably an electronic medical records implementation, with more than 4,500 users (doctors and nurses) and 18 locations.
  • Developed a risk culture, risk management framework, strategy, methodology, and work plan.
  • Implemented improvements in risk reporting processes and systems, leading to a 150% improvement in risk reporting rate.
Focus areas: Management, IT Project Management, Risk Management, Investment Cases, Financial Modeling, Business Strategy, Excel Expert, Mergers & Acquisitions (M&A), Due Diligence, IT Management, Financial Planning & Analysis (FP&A), Profitability Analysis, Forecasting, Financing, Business Models, Health, RiskMetrics, Revenue & Expense Projections, Investment Analysis, Investments, Private Company Valuation, Interim CFO, Healthcare Services, Valuation, Finance, Profit & Loss (P&L), Cash Flow, Team Leadership, Team Mentoring, Revenue Projections, DCF Valuation, DCF Modeling, Microsoft Excel, Financial Analysis, NPV Calculation, IRR, Cash Flow Forecasting, Sensitivity Analysis, Cash Flow Analysis, Valuation Modeling, Financial Reporting, Cash Flow Modeling, Financial Management, Three-statement Modeling, Key Performance Indicators (KPIs), ROI, Scenario Analysis, Pitch Decks, Fundraising, P&L Forecasting, Loans, Inventory Management, Growth Strategy, Cash Flow Management, Due Diligence Consultant, Funding Strategy, Fractional CFO

Head of Risk Department

2017 - 2019
EVEX Hospitals JSC
  • Led the creation of the risk management department and team with 25 professionals from scratch.
  • Developed the risk culture, risk management framework, strategy, methodology, and work plan.
  • Led the preparation of risk reports and reporting of significant findings and improvement recommendations/solutions to the Management Board.
  • Ensured regular follow-up on risk mitigation progress.
Focus areas: Management, Risk Management, Investments, Investment Cases, Excel Expert, Mergers & Acquisitions (M&A), Due Diligence, Financial Planning & Analysis (FP&A), Profitability Analysis, Forecasting, Financing, Business Models, Health, RiskMetrics, Revenue & Expense Projections, Investment Analysis, Private Company Valuation, Healthcare Services, Valuation, Finance, Profit & Loss (P&L), Cash Flow, Team Leadership, Team Mentoring, Revenue Projections, DCF Valuation, DCF Modeling, Microsoft Excel, Financial Analysis, Financial Modeling, NPV Calculation, IRR, Cash Flow Forecasting, Sensitivity Analysis, Cash Flow Analysis, Valuation Modeling, Financial Reporting, Cash Flow Modeling, Financial Management, Three-statement Modeling, Key Performance Indicators (KPIs), ROI, Scenario Analysis, P&L Forecasting, Loans, Inventory Management, Cash Flow Management, Due Diligence Consultant, Funding Strategy

Assurance Manager

2009 - 2017
EY Georgia LLC
  • Contributed to the successful IPO of the largest Georgian healthcare provider.
  • Led the audit process for one of the largest healthcare and insurance provider clients in Georgia—Silknet (the largest telecommunications provider) and HeidelbergCement Georgia (the largest cement manufacturer).
  • Built a loyal customer base by regularly delivering high-quality output and outstanding client relationship management.
  • Supervised and mentored teams of ten to 25 professionals on different engagements.
  • Analyzed financial information and profitability in various industries: manufacturing, real estate, healthcare, telecommunications, insurance, and more.
Focus areas: Finance, Accounting, Profit & Loss (P&L), Financial Statements, Balance Sheets, Profitability Analysis, Financial Planning & Analysis (FP&A), Financial Modeling, Due Diligence, Excel Expert, Team Leadership, Team Mentoring, Budgeting, IFRS Audit Planning, Auditing, Forecasting, Business Models, RiskMetrics, Revenue & Expense Projections, Interim CFO, Real Estate, Healthcare Services, Controller, Mergers & Acquisitions (M&A), Cash Flow, Microsoft Excel, Financial Analysis, Sensitivity Analysis, Cash Flow Forecasting, Commercial Real Estate Finance (CREF), Cash Flow Analysis, Financial Reporting, Cash Flow Modeling, Financial Management, Three-statement Modeling, Key Performance Indicators (KPIs), Scenario Analysis, Real Estate Development, Residential Real Estate, P&L Forecasting, Loans, Inventory Management, Cash Flow Management, Fractional CFO
2012 - 2014

Master's Degree in Business Administration (MBA)

Ilia State University - Tbilisi, Georgia

2007 - 2011

Bachelor's Degree in Business Administration

Free University of Tbilisi - Tbilisi, Georgia

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