Tuna Kurtulus
Istanbul,34
Summary
Accomplished Business Development Manager with a strong background in financial modeling, strategic investment analysis, and IPO management. At Akfen Holding, successfully led IPO processes for two companies and managed credit rating procedures to optimize financial positioning. Skilled in evaluating venture capital investments for strategic alignment, providing comprehensive follow-up and reporting on portfolio performance. Expertise in developing detailed financial feasibility models for new and existing projects, performing sensitivity analyses, and preparing executive presentations for board-level decision-making. Demonstrated ability to manage complex financial structures while ensuring accuracy, mitigating conflicts of interest, and driving strategic growth initiatives.
Overview
20
20
years of professional experience
1
1
Certification
Work History
Business Development Manager
Akfen Holding
03.2022 - Current
- Participated in the IPO process for two companies within the Akfen Group, managing documentation, regulatory compliance, and investor presentations.
- Prepared and managed credit rating processes for group companies to optimize financing opportunities and strengthen the group’s financial standing.
- Reviewed venture capital investments, evaluating both funds and individual companies for strategic alignment and potential collaborations.
- Oversaw follow-up activities and management reporting on existing investments, providing key insights and updates to senior management.
- Developed and managed complex financial feasibility models for new investments and CAPEX decisions, ensuring data accuracy and resolving conflicts of interest.
- Structured valuation models and conducted sensitivity analysis for prospective projects.
- Presented executive deliverables, teasers, and investment memos for Board and stakeholder review, fulfilling ad hoc analysis and report requests for strategic decision-making.
Investment/Business Development Manager
EcoWatt
09.2020 - 03.2022
- Served as consultant for international expansion and growth initiatives in Turkey and neighboring regions.
- Conducted market research and feasibility studies, identifying trends and partnerships to drive growth.
- Directed business development activities, including due diligence and comprehensive BPA assessments.
Partner / Business Development Manager
Eastbond Consultancy (Turkey), ME Groupe (Lebanon)
02.2017 - 09.2020
- Global project management and trading activities in various regions
- Exercise project management best practices and oversee project activities consistent with the established scope and requirements
- Schedule management: including resource planning, sequencing of tasks, estimating, identifying dependencies, and tracking procedures
- Scope management: including project initiation, scope planning, definition and change control procedures and approvals
- Cost management: resource planning, cost estimation, budgeting and control activities
- Risk Management: risk planning, identification, mitigation, and remediation
- Quality management: responsibility for project deliverables including quality control
- Managing import-export operations, agreements with customs companies and logistics operations.
FP&A Supervisor
Verifone (Turkey&CIS&Eastern Europe)
05.2016 - 12.2016
- Created and managed financial forecasts, quarterly projections, and budget controls to align with corporate strategies.
- Supported OPEX and GM management, partnering with cross-functional teams to refine revenue and margin forecasts.
- Delivered analytical reports and executive presentations to Regional/Global HQ on budget performance and KPI analysis.
- Worked with sales and accounting teams on cost, revenue recognition, and performance tracking to optimize P&L outcomes.
Financial Analyst
Enerya, a STFA Holding Energy Company
10.2013 - 05.2016
- Coordinated financial reporting and analysis for senior management, including annual budgets and long-term forecasts.
- Managed due diligence and loan documentation for $300 million financing, collaborating with third-party advisors and banks.
- Executed valuation, feasibility studies, and hedging deals, tracking MTM and reporting on project finance investments.
- Ensured compliance with GAAP and IFRS standards, producing monthly MIS presentations and regulatory reports.
Financial Analyst
Investco Corporate Finance - Verusa Private Equity
02.2012 - 09.2013
- Developed financial models, feasibility reports, valuation reports, and industry analyses for top management and investors.
- Supported IPO preparations, including CMB compliance, investor presentations, and prospectus creation.
Co-owner
Kereviz 15 - Bar, Café
03.2011 - 01.2012
Experienced Associate in Audit Department
PricewaterhouseCoopers
09.2008 - 01.2011
- Conducted audits for major financial institutions, ensuring compliance with IFRS and PwC methodologies.
- Analyzed balance sheets and P&L items for key clients, including Deutsche Bank and Fortis Bank, to verify financial accuracy.
Associate in Audit Department
Grant Thornton
02.2008 - 08.2008
- Audit of balance sheet items, obtaining sufficient comfort regarding the completeness, accuracy and existence of account balances.
Trainee in Purchasing Department
Pak Holding
06.2005 - 08.2005
Trainee in Stock Market
Alfa Menkul Degerler
06.2004 - 08.2004
Education
Bachelor Degree in Business Administration -
Istanbul Bilgi University, Istanbul
09.2007
Skills
- Financial Modeling & Valuation: DCF, Comparable Analysis, Sensitivity Analysis
- Analytical Tools: Advanced Excel,
- Language Proficiency: English, Turkish
Activities
- Music
- Reading
- Tennis
- Photography
- Chess
- Football
Military obligation
Completed
References
Available upon request.
Personal Information
- Place of Birth: Istanbul/Kadikoy
- Date of Birth: 12.08.1984
- Nationality: Turkish
- Driving License: B Class
Certification
Advanced Valuation - NYU Stern School of Business -2024
Timeline
Business Development Manager
Akfen Holding
03.2022 - Current
Investment/Business Development Manager
EcoWatt
09.2020 - 03.2022
Partner / Business Development Manager
Eastbond Consultancy (Turkey), ME Groupe (Lebanon)
02.2017 - 09.2020
FP&A Supervisor
Verifone (Turkey&CIS&Eastern Europe)
05.2016 - 12.2016
Financial Analyst
Enerya, a STFA Holding Energy Company
10.2013 - 05.2016
Financial Analyst
Investco Corporate Finance - Verusa Private Equity
02.2012 - 09.2013
Co-owner
Kereviz 15 - Bar, Café
03.2011 - 01.2012
Experienced Associate in Audit Department
PricewaterhouseCoopers
09.2008 - 01.2011
Associate in Audit Department
Grant Thornton
02.2008 - 08.2008
Trainee in Purchasing Department
Pak Holding
06.2005 - 08.2005
Trainee in Stock Market
Alfa Menkul Degerler
06.2004 - 08.2004
Bachelor Degree in Business Administration -
Istanbul Bilgi University, Istanbul