Sobita Budhathoki
General Manager-Greenlife Hydropower Limited
Kathmandu
Summary
- CFA Level 3 candidate- August 2024
- A manager with strong background in Financial analysis, budgeting and forecasting.
- Believes in continuous research and learning
Overview
8
8
years of professional experience
2
2
Certifications
Work History
General Manager
Greenlife Hydropower Limited
6 2023 - Current
- To provide the strategic direction and leadership to the Hydropower division, aligning with the company’s overall goals and objectives
- Oversee the planning, development and execution of the project ensuring it is completed on time and within the budget
- Stay up-to-date with the relevant laws, regulations and permits related to the hydropower project and ensuring compliance in all operations
- Manage the division’s budget effectively, optimize resource allocation, monitor every performance to achieve its profitability goals
- Build and lead a high-performing team, fostering a culture of collaboration, innovation and safety
- Maintain positive relationships with government authorities, partners, investors and local communities, fostering goodwill and cooperation.
Researcher
National Planning Commission
10.2021 - 12.2022
- To analyze the current situation of the informal sector in Nepal and identify its interrelationships with the formal sector
- To study the contribution of this sector to Nepal's economy, employment and poverty alleviation especially in achieving SDGs by finding appropriate methods of measuring informal economy
- To analyze the existing policy gap in Nepal by studying the informal sector management practices of neighboring countries like India, China, Bangladesh, etc.
Finance Manager
MV Dugar Hydro Division
09.2019 - 12.2021
- Review of daily, weekly and monthly fund position of PNG and Nasa in order to manage the fund (BG, Term loan) from banks as per inflow and outflow of fund
- Handling all L/C transaction issues with suppliers and banks (e.g., issuance, amendment, monitoring, setting terms & condition, follow up, document checking, payments etc.) as per contractual agreement
- Handling all bank guarantees related to advance payment, under L/C & performance guarantee to be checked review & monitor in line with L/C terms
- Ensure that monthly progress reports, cost audit of all the projects in operation are done on time & submit the reports to the concerned banks
- To maintain proper record of status of loans from the banks and equity positions in line with terms of SLA with lead banks
- Execute the process of rating facility Agreement for all the hydro projects as per the agreement between Care Nepal and MV Dugar Hydro Division
- To coordinate FDI Procedure for Mogha Energy and ensure its regulatory compliance in all countries is completed in time
- Ensure refinancing activities as per NRB’s directives has been done in coordination with consortium lead banks of all hydro projects
- Liaison with different departments of NRB, Auditors, Financial Consultant for the smooth operation of finance department
- Handling all the insurance related activities i.e., CAR Contractor’s All Risk Insurance Policy, Motor Insurance, General Personal Accident Policy etc
- For the project and sister concern “Sumo Construction and Engineering Pvt
- Ltd”
- In co-ordination with Oriental and NLG insurance
- Efficient planning, execution, monitoring and control the overall financial department.
Financial Research Analyst
Bashyal & Company Pvt. Ltd
08.2017 - 09.2019
- Prepared `investment policy statement’ for institutional and individual clients
- Prepared and drafted credit rating modules and methodologies for local government of Nepal and `Municipal development Fund; tested and validated those models
- Prepared and validated equity research module including DCF, Comparable company analysis, comparable transaction models for Nepalese Commercial Banks, Development Banks, finance companies, Insurance companies including life and non-life insurance company
- Prepared and developed company valuation models for privately held companies including hotels, hydropower, real estate, housing company etc
- Performed financial forecasting, reporting and risk metrics tracking through the analysis of Nepalese fiscal and monetary policy
- Analyzed financial data- and performed a financial modeling for various ‘what-if’ business scenarios so as to quantify on the revenue and cost and its impact on gross margin for the project.
Management Consultant
Hydroelectricity Investment and Development Company Ltd. (HIDCL)
12.2015 - 07.2016
- Reviewed procurement, restructure, project /program in the domain of management and corporate finance of HIDCL
- Provide opinion to support decision making and direction using expert knowledge and external perspective - i.e
- To advice on investment, service improvement projects, risk mitigation, business case development, organizational change management, performance improvement
- Use external and independent expertise to provide direction and guidance/validation around a particular issue to the management e.g
- Contractual disagreement, interdepartmental dispute, and service /product failure
- Use an independent non-aligned party to mentor key people, support a change program
- Support the management to save time and cost on progressing any of the above by leveraging wider industry experience and knowledge - i.e
- To avoid making costly and time-wasting mistakes.
Education
Master’s in Business Executives (MBA) - Corporate Finance
University of Wales, Trinity Saint David
London2014
BA (Hons) in Business Management -
University of Gloucestershire
United Kingdom2012
Higher Secondary Education Board +2 in Managerment -
Ashirwad College Kathmandu
Nepal2007
School Leaving Certificate
Tripura Glorious Academy
Nepal2005
Skills
Proven strength in problem solving, coordination and financial analysis
Strong communication, interpersonal, learning and organizing skills
Ability to manage stress, time and people effectively
Innovative, Positive attitude, enthusiastic, proactive and assertive
Good qualitative aptitude and eagerness to learn
Self-motivation and passion to succeed with continuous learning and development
Certification
Chartered Financial Analyst (CFA) – Level 2 Passed, Charlottesville, VA, USA
Training
- Management Development Programme held at London School of Commerce on Thursday 7th June 2012
- Training programme on ‘Commodity Derivatives’ at Pioneer Professional Academy in association with Merchantile Exchange Ltd on 13th February 2016
- Training programme on ‘Nepalese Stock Market’ held from 28th March 2016 to 15th April 2016
- Successfully completed the online three months course on ‘Complete Financial Analyst Progamme (CFAP)’ from Finance Walk (Finance made Simpler), Delhi from 09/01/2016-15/04/2016
References
- Kesang Dikee Lama, Managing Director, Greenlife Hydropower Ltd., Kamalpokhari, Kahtmandu, Nepal, 01-4411373, kesang@greenlifehydropower.com.np
- Purna Man Napit, CFO, MV Dugar Hydro Division, Laxman Babu Bhawan, Naxal, Kathmandu, Nepal, +977-01-4414104 Ext:109, 9801035448, purna.n@mvdugarhydro.com
- Hemanta Bashyal, CFA, FRM, CEO, Bashyal & Company Pvt.Ltd., New Baneshwor 10, Kathmandu, Nepal, 01-4104128,9861755358, info@basnco.com.np
Timeline
Researcher
National Planning Commission
10.2021 - 12.2022
Finance Manager
MV Dugar Hydro Division
09.2019 - 12.2021
Financial Research Analyst
Bashyal & Company Pvt. Ltd
08.2017 - 09.2019
Management Consultant
Hydroelectricity Investment and Development Company Ltd. (HIDCL)
12.2015 - 07.2016
Associate Member of Association of Business Executives (ABE, UK)- " Travel, Tourism and Hospitality Management " (Advance Diploma, Diploma)
10-2008
General Manager
Greenlife Hydropower Limited
6 2023 - Current
Master’s in Business Executives (MBA) - Corporate Finance
University of Wales, Trinity Saint David
BA (Hons) in Business Management -
University of Gloucestershire
Higher Secondary Education Board +2 in Managerment -
Ashirwad College Kathmandu
School Leaving Certificate
Tripura Glorious Academy