Summary
Overview
Work History
Education
Skills
Timeline
Nuray İşcan

Nuray İşcan

Budget And Project Finance Manager
Istanbul,34

Summary

Experienced finance professional with over 14 years of expertise in budgeting, project finance, and financial reporting, particularly within the aviation and higher education sectors. Skilled in managing large-scale budgets, implementing ERP systems (SAP, IFS, Logo), and leading financial planning processes across diverse business units. Proven success in structuring project finance for public-private partnership (PPP) models, developing profitability analysis, and supporting executive decision-making through in-depth reporting and forecasting. Strong communicator and strategic thinker with a background in international financial reporting and auditing.

Overview

11
11
years of professional experience
1
1
Language

Work History

• Marketing and Business Development Director

Favori Çukurova İşletmecliği A.Ş
01.2023 - 05.2025
  • Led the overall financial planning, budgeting, and forecasting processes of the organization in alignment with strategic objectives.
  • Monitored financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances.
  • Managed cash flow and liquidity to ensure effective use of financial resources and operational sustainability.
  • Supervised month-end and year-end closing activities, including journal entries, reconciliations, and financial reporting.
  • Prepared management reports, financial statements, and board presentations to support executive decision-making.
  • Oversaw compliance with tax regulations, legal requirements, and internal control policies.
  • Coordinated with external auditors, tax consultants, and regulatory authorities during audits and inspections.
  • Managed financial risks and supported strategic projects through scenario planning and cost-benefit analyses.
  • Implemented and maintained ERP systems (e.g., SAP, IFS) for improved financial tracking, reporting, and automation.
  • Led a finance team, ensuring ongoing training, development, and performance management.

• Budget and Reporting Manager

T.C İstanbul Arel Üniversitesi
10.2020 - 01.2023
  • Developed and managed annual budgets in coordination with department heads, aligned with organizational goals and KPIs.
  • Monitored actual performance against budgets, performed variance analysis, and provided actionable insights to senior management.
  • Led monthly, quarterly, and annual financial reporting processes, ensuring accuracy, timeliness, and compliance with internal policies and external standards.
  • Conducted profitability analysis across business units, cost centers, and product/service lines to support strategic decision-making.
  • Prepared and presented detailed management reports, dashboards, and financial summaries for executive leadership and board meetings.
  • Supported internal and external audit processes, including preparation of documentation and follow-up on audit findings.
  • Participated in the implementation and maintenance of ERP and budgeting systems (e.g., SAP BPC, Logo BudgetLab), improving data accuracy and process efficiency.
  • Worked closely with cross-functional teams to evaluate investment projects, cost optimization initiatives, and financial risks.
  • Ensured compliance with financial regulations and contributed to the preparation of IFRS and local GAAP financial statements.

• Budget and Reporting Manager

Atlasjet Havacılık A.Ş
02.2018 - 02.2020
  • Led the preparation and consolidation of annual budgets in coordination with flight operations, ground services, technical maintenance, and commercial departments.
  • Conducted route-based profitability analysis for scheduled and charter flights, using metrics such as Yield, RASK, and CASK.
  • Analyzed and tracked Direct Operating Costs (DOC) per flight and per aircraft type, including ACMI contract evaluations and cost per block hour.
  • Prepared monthly financial reports, variance analyses, and KPIs for senior management and board presentations.
  • Managed cost allocation for flight routes, ground handling, maintenance, and overhead expenses across multiple subsidiaries.
  • Supervised the month-end closing process, ensuring alignment between financial records and operational performance data.
  • Reviewed and approved purchase requests and expenditures based on budget compliance through ERP systems (e.g., SAP).
  • Supported audit processes, regulatory reporting, and financial compliance, including IFRS and aviation authority requirements.
  • Oversaw cash flow forecasting and working capital planning for flight schedules, aircraft leases, and seasonal operations.
  • Provided strategic financial input on new routes, fleet planning, charter agreements, and business development opportunities.

Accounting Specialist

Havaalanları Yer Hizmetleri A.Ş
04.2014 - 04.2018

• Budget and Reporting Specialist

Havaalanları Yer Hizmetleri A.Ş
04.2014 - 02.2018

Education

MBA - International Finance Reporting & Audit

BAHCESEHIR UNIVERSTY, Istanbul, Turkey
04.2001 -

Economics

KARADENIZ TECHNİCAL UNIVERSTY, TRABZON
06-2006

Skills

Budgeting & ForecastingProject FinanceSAP ERP, SAP BPC, SAP BusinessObjectsERP IFS, Logo Tiger, BudgetLabMicrosoft ExcelFinancial Reporting & AnalysisConsolidation & Profitability TrackingAudit Support & IFRS Reporting

Timeline

• Marketing and Business Development Director - Favori Çukurova İşletmecliği A.Ş
01.2023 - 05.2025
• Budget and Reporting Manager - T.C İstanbul Arel Üniversitesi
10.2020 - 01.2023
• Budget and Reporting Manager - Atlasjet Havacılık A.Ş
02.2018 - 02.2020
Accounting Specialist - Havaalanları Yer Hizmetleri A.Ş
04.2014 - 04.2018
• Budget and Reporting Specialist - Havaalanları Yer Hizmetleri A.Ş
04.2014 - 02.2018
BAHCESEHIR UNIVERSTY - MBA, International Finance Reporting & Audit
04.2001 -
KARADENIZ TECHNİCAL UNIVERSTY - , Economics
Nuray İşcanBudget And Project Finance Manager