Achmad Farikin Mangkunegara (Erik)

Key responsibilities:

• Lead and manage cross-functional finance teams, encompassing: Corporate finance, Trade finance, Treasury, Finance operations, Accounting (including local statutory financial reporting, tax, financial planning and budgeting), manage liquidity, debt, FX, and interest rate risk, optimize financial investments, develop and drive strategic objectives, and analyze new business cases through organic and inorganic growth
• Structured finance expertise, tailored financing solutions secured by metal and mining commodity portfolios (both borrower and lender side)
• Oversee metal, mining, and energy trade transactions, ensuring UCP 600 compliance
• Communicated and collaborated with stakeholders to achieve division objectives.
• Lead in investor relations roles as well as with active engaging relationship with lenders, banker & financial institutions, regulatory bodies, and other stakeholders.
• Mentored large team, fostering professional growth and development across the division.
• Controlled costs by streamlining operations and reducing waste.
• Increased productivity by identifying areas of inefficiency and implementing targeted solutions for improvement.
• Collaborated closely with other division heads to develop integrated strategies that leveraged the strengths of each team for overall organizational success.

Notable achievements:

• Successful of several debt restructuring and negotiating with amongst lenders (100bps+ cost optimization)
• Structured finance solutions for metal and mining commodities, providing structured with prudent risk for the clients and delivering USD160 million portfolios
• Deliver trade finance management (UCP 600 compliant)
• Successful implementation of upgrading SAP B1 to S4/HANA and implementation of host to host payment
• Improved cost control by developing system and workflow of the company.

Key responsibilities:

• Led funding strategy, debt, and treasury management, finance operation encompassing: Centralized treasury implementation within group subsidiaries, Group funding initiatives, develop treasury dashboard and integration with S4/HANA, finance operations and policy development, portfolio management of financial assets, credit rating management.
• Fostered strong relationships with key stakeholders, including: Lenders, Bondholders (as part of investor relations responsibilities), Bankers, Financial institutions, Regulatory bodies, Rating agencies, Legal counsel and Financial consultants.
• Financial leadership experience, managed 4 senior and junior associate

Notable achievements:

• Spearheaded numerous successful structured financing and debt capital market transactions, totaling US$4.7 billion, including:
  - Term and revolving credit facilities
  - Project finance
  - Prepayment structures
  - Umbrella co-borrower arrangements
  - Notional pooling
  - Global Bond Issuances (RegS/144A)
  - Domestic Medium-Term Notes
  - Debt restructuring initiatives (intercompany loan restructuring, liability management through cash tender/intermediated tender offers), achieving up to 55bps reduction in cost of funds.
• Lead in derivative transactions (plain vanilla hedging structure and cross currency swap) delivering USD 8 million in annual cost savings
• Lead in succesful share crossing of acquisition 20% stake in Vale Indonesia
• Lead in enhanced portfolio investment by diversified investment placed delivering USD12 million return per annum

Key responsibilities:

• Managed stakeholder expectations through transparent communication and timely status updates, ensuring alignment between project deliverables and business objectives.
• Conducted gap analyses to identify discrepancies between current and desired states, leading to actionable recommendations.
• Supported leadership team with reporting, analysis, and business presentations to inform divisional strategies.
• Managed Work Program and Budget cross function and develop strategic objectives
• Mentored junior analysts on best practices for business analysis techniques, fostering professional growth within the team.
• Collaborated with cross-functional teams, ensuring a cohesive approach to business analysis.
• Performed risk assessments on potential projects to determine feasibility and viability before moving forward with implementation plans.
• Streamlined project management with effective communication and collaboration across cross-functional teams.

Key responsibilities:

• Conducted financial due diligence including valuation on potential investments and acquisitions in oil and gas sector.
• Responsible to liquidity, treasury & liability management, formulation funding plan & strategy, enhanced portfolio investment, intercompany lending and M&A structure.
• Managed financial modelling for forecasting activities, providing senior leadership with accurate data for informed decision making.
• Proactively monitored industry trends and competitor activities, utilizing this knowledge to inform financial planning strategies and drive competitive advantage.
• Established strong relationships with external auditors, financial & tax consultants, banks, bondholders, rating agencies, custodian, legal advisors to facilitate seamless collaboration on various finance & M&A-related matters.
• Enhanced internal controls for risk management through thorough analysis of existing policies and procedures.
• Prepared and origination of investor update and calls.
• Oversee and mentor 2 analyst

Notable achievements:

• Spearheaded comprehensive financial and commercial due diligence, valuation, and financing for high-profile M&A transactions involving oil and gas blocks in Indonesia and the USA, including: Ketapang PSC (20% acquisition from Petronas Carigali Ltd), Pangkah PSC (acquisition from KUFPEC and Hess), Fasken Shale Gas Field, Texas (36% acquisition from Swift Energy), Muara Bakau PSC (11.7% acquisition from Engie). Total transaction value: US$2 billion.
• Achieved success in leading complex financing transactions worth USD 2.5 billion, encompassing syndicated unsecured loan, intercompany loan transactions, project finance, structured finance and Global Bonds RegS/144A.
• Successfully navigated inaugural corporate credit rating (both domestic and international), resulting in 4-notch rating uplift.

• Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
• Reconciled accounts and reviewed expense data, net worth, and assets.
• Used advanced software to prepare documents, reports, and presentations.
• Maintained accurate records of fixed assets, including acquisition costs, depreciation schedules, and current values for insurance purposes.
• Collaborated with external auditors during the annual audit process to provide necessary documentation and address any concerns or findings promptly.
• Streamlined month-end closing processes, resulting in reduced time spent on financial reporting tasks.
• Found tax solutions to complicated tax issues or errors from incorrect tax filings.

• Facilitated smooth deal closings by effectively coordinating between internal teams, clients, and external advisors.
• Assisted in the development of pricing models for various financial products, ensuring competitiveness within the marketplace.
• Conducted due diligence on potential investments and presented findings to investors.
• Monitored, managed and developed investment portfolios.
• Streamlined communication between investment advisors and support staff, resulting in improved efficiency and client service.
• Analyzed market trends and economic data to make informed recommendations for clients'' portfolios.