Temo Kighuradze, ACCA, Finance Expert in Tbilisi, Georgia
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Temo Kighuradze, ACCA

Verified Expert  in Finance

Finance Expert

Location
Tbilisi, Georgia
Toptal Member Since
February 15, 2022

Temo is an experienced finance professional who has participated in four out of the five largest transactions in Georgia while working at EY. With 11+ years of experience, he worked with clients from different countries in financial analysis, business valuation, market and feasibility studies, transaction support, and financial due diligence. Temo is a Caucasus University graduate and member of ACCA who enjoys freelancing for its opportunity to work with international companies.

Financial ModelingAccountingRevenue & Expense ProjectionsFinancial Planning & Analysis (FP&A)BudgetingValuationBusiness Plan ConsultingMarket ResearchReal EstateMergers & Acquisitions (M&A)RiskMetricsFundraisingDue DiligenceRisk Management Consulting

Career Highlights

Strategic Projects and Business Development Manager
IDS Borjomi Georgia
Manager at Transaction Advisory Services
EY
Assurance Services Senior
EY

Certification Highlights

Member of Association of Chartered Certified Accountants
ACCA | Association of Chartered Certified Accountants

Case Studies

Work Experience

Strategic Projects and Business Development Manager

2021 - PRESENT
IDS Borjomi Georgia
  • Prepared different 3-year and 10-year strategic models based on various scenarios. Completed consolidation of the Group, including BUs from different countries.
  • Prepared 3-year and 10-year strategic financial models for the Georgian business unit, including Borjomi and Likani Mineral Water and Bakuriani Spring Water demand projection, detailed calculation of the COGS by SKU, and logistics for all markets.
  • Prepared a 10-year water development program, including all financial projections of the CAPEX and feasibility assessment for each new project.
  • Participated in forming a unified strategy for developing and managing water resources at the business unit level, assessed strategic options, and calculated targets.
  • Prepared financial models and business cases for new products and business development.
  • Oversaw the preparation of the short-term and long-term investment plan and control over investment procedures.
  • Conducted thorough elaboration of business cases and feasibility studies for individual projects and investment opportunities.
Focus areas: Budgeting, Project Management, Microsoft Office, Finance, Financial Modeling, Business Plan Consulting, Market Studies, Financial Analysis, DCF Modeling, Business Planning, Microsoft Excel, Business Validation, Forecasting, Revenue Modeling, Revenue & Expense Projections, Market Research, Financial Planning & Analysis (FP&A), Valuation Modeling, Scenario Analysis, Reporting, Analysis, Valuation, Excel 2016

Head of the Risk Management and Internal Audit Department

2019 - 2021
Georgia Global Utilities
  • Participated in issuing the $250 million international green bonds on the Irish stock exchange, the first evergreen notes from Georgia.
  • Performed audit of the new customer connections process, which decreased the lost revenue by two million GEL ($0.7 million) per year.
  • Audited all the company's key processes, resulting in significant improvements to processes and controls.
  • Established the company's risk management and monitoring process. Created a comprehensive risk register and risks-heat map to monitor risks daily.
Focus areas: Audits, Internal Audits, Risk Management, Controls, Business Processes, Forecasting, Microsoft Office, Microsoft Dynamics AX, Finance, Budgeting, Accounting, Financial Modeling, Financial Analysis, DCF Modeling, Microsoft Excel, Business Validation, Revenue Modeling, Financial Planning & Analysis (FP&A), Scenario Analysis, Reporting, Analysis, Excel 2016, RiskMetrics

Manager at Transaction Advisory Services

2014 - 2019
EY
  • Participated in all large private market transactions in Georgia during the employment period.
  • Performed valuation and purchase price allocation of the Geocell during its acquisition by Silknet, the largest transaction in the history of Georgia at the time. The transaction amount was $153 million.
  • Participated in preparing feasibility studies and development concepts, including detailed area program and financial modeling for Gudauri, Bakuriani, and Shovi mountain resorts in Georgia, covering over 150 hectares.
  • Carried out companies valuation in Georgia in the telecommunications, winemaking, hospitality, and real estate sectors.
  • Performed valuation of two companies in Kazakhstan related to oil extraction—Ansagan Petroleum and Buzachi Neft.
  • Executed due diligence of companies in the dairy products, energy, banks, and telecommunications fields concerning Lactalis and Sante, Georgian Industrial Group and Mtkvari Energy, Liberty Bank, Silknet and Geocell acquisitions.
  • Prepared the regional tire distribution business plan for the leading automotive company in Georgia. BP considered an initial investment of $7.5 million with a $9.6 million net present value (NPV).
Focus areas: Valuation, Finance, Financial Modeling, Due Diligence, Advisory, Market Studies, Feasibility Studies, Forecasting, Microsoft Office, Budgeting, Project Management, Accounting, Business Plan Consulting, Financial Analysis, DCF Modeling, Business Planning, Microsoft Excel, Business Validation, Revenue Modeling, Revenue & Expense Projections, Market Research, Financial Planning & Analysis (FP&A), Valuation Modeling, Scenario Analysis, Business Models, Reporting, Analysis, Debt Financing, Excel 2016, Real Estate, RiskMetrics, Fundraising

Assurance Services Senior

2010 - 2014
EY
  • Performed audit of the Black Sea Terminal's financial statements for several years. Identified a large number of audit adjustments.
  • Conducted financial statements audit for Batumi Sea Port and Batumi Oil Terminal.
  • Carried out financial statements audit of Heidelberg Cement Georgia, JSC Telasi, SOCAR Georgia, and JSC Teliani Valley.
Focus areas: Audits, Accounting, Microsoft Office, Finance, Project Management, Financial Analysis, Microsoft Excel, Reporting, Analysis, Excel 2016
2005 - 2009

Bachelor's Degree in Finance

Caucasus School of Business | CSB - Tbilisi, Georgia

MARCH 2017 - PRESENT

Member of Association of Chartered Certified Accountants

ACCA | Association of Chartered Certified Accountants

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