CV Naresh Rajpal - 8.6.16
- 1. NARESH RAJPAL Telephone: 00971 50 462 5032, 00971 50 625 2084, E Mail: rajpalnaresh@yahoo.com In Quest of senior level assignments in Finance & Accounts with a frontline organization THE PROFICIENCY FORTE’THE PROFICIENCY FORTE’ By Grace, passion for continually increasing the profits of the Group by developing: computer controlled internal control systems, Credit Control Systems, action based MIS, Cost controls, pricing strategy, control over Revenues & Gross Margins, result oriented motivation schemes for the work force, improving customer satisfaction, strategies to improve the market share, strategic planning An incisive professional with extensive years of qualitative & result oriented experience in accounts, finance, budgeting & commercial operations. Proficient in structuring and negotiating transactions with favorable terms with commercial banks. Demonstrated business acumen in leading and managing the operations and contributed higher rate of organizational growth. Demonstrative excellence in conceptualizing and implementing various business strategies Have gained sound experience in financial procedures and building internal financial controls for profit monitoring and working capital & asset management. Gained exposure in International Trading and possess knowledge of International Business Practices An effective communicator with excellent interpersonal and relationship management skills. Pro-active, adaptable. Possess ability to lead, develop and motivate team. Evaluating and advising on new business opportunities. Strong motivator of people with the ability to build relationships, take initiative and meet deadlines. EMPLOYMENT PROFILEEMPLOYMENT PROFILE 2008 to Present Belhasa Group – 9 Companies, Dubai, UAE as Chief Financial Officer 2005 to 2008 Intercare Limited in UAE as Financial Controller 1992 to 2005 Hepworth PME LLC, Dubai, UAE as Financial Controller 1986 to 1992 Al Rostamani Group of Companies, Dubai, UAE as Group Internal Auditor 1980 to 1985 Suhail & Saud Bahwan Group of Companies, Muscat, Oman as Internal Audit Executive Upto 1980 various responsibilities in Accounts and Internal Audit EXPERTISEEXPERTISE Strategies & Financial Planning: Managing finance functions involving determining financial objectives and designing & implementing systems, policies & procedures to facilitate internal financial controls. Contributions in formulating business plans / strategies for maximizing profitability & revenue generation & realize organizational goals. Accounts: Designing and implementing systems & procedures Fund Management: Monitoring cash flow of the company, liaising with banks for raising adequate finance to meet working capital, long term capital requirements and project finance. Taking adequate measures to ensure timely receipt of payments. Ensuring optimum liquidity position. MIS: Supervising the preparation of MIS reports to provide feedback to shareholders on financial and operational performance Budgeting / Costing: Formulating budgets and conducting variance analysis and implementing corrective actions. Establishing strategic cost management system for monitoring various overheads and devising product costing techniques.
- 2. Receivable / Payable Management: keeping receivables under control. THE HIGHLIGHTSTHE HIGHLIGHTS Distinguished efforts managing the complete financial operations for manufacturing and trading activities with 500 employees and AED 300 Million (USD 82 million) in sales. Devised Internal Control Systems and Procedures for various functions such as ordering, production, scrap controls, debtors control, payroll etc. Efficiently handled the complete FOREX operations. Exhibited competency in executing the following accounts functions in manufacturing: o Handled compilation of costing of the manufactured products. o Monitoring and controlling excess raw material usage. o Developed & instituted a systems thereby achieving reduction in scrap generation. Independently handled the complete Sales Control activities: o Compile Selling Price Lists and revising the same in line with increase in prices by suppliers, increase in exchange rates and freight costs. o Verify tenders in regards to costing and commercial terms. o Review tender results for assessing company ranks in terms of prices, and accordingly amend the mark-up for profits in future tenders. o Compare sales to customers of the current quarter with previous quarter for tracking the reduction, if any. o Monitoring Gross Margin percentages: customer wise and supplier wise for tracking customers with lesser margins and taking corrective actions. Facilitated substantial overheads control, for example : o Instated a system for availing customs exemption for exports of manufactured products to AGCC countries. o Arranged monthly MIS for ensuring compliance of AGCC requirements and avail customs exemption. o Negotiated procurement terms for vehicles from Nissan Motors, Japan thereby achieving reduction of marine freight by 35% and marine premium by 68%. Devised and implemented incentive schemes for the sales, production, workshop personnel. o Attained higher sales and profits. o Augmented the workshop productivity from 55% to 85%. Integrated various management systems such as Professional management, internal controls, incentive schemes, annual appraisal of employees performance thereby increasing: o Sales by 5 times o Net profit by 30 times o Return on partners capital by 12 times Significantly reduced the old debts & debtors in terms of number of months Stocks Control: o Formulated a computerized suggested ordering system. o Managed stocks whereby holding in terms of number of months were reduced. o Developed policy on provisions for slow moving stocks. o Reviewed slow moving stocks & took actions to sell them. Demonstrated skills in managing new ventures projections & setting up of new Joint Ventures. Adeptly conducted ‘due diligence’ study for acquisition of another company. Actively involved in handling various risk management functions. o Arranged insurance cover for all risk exposures.
- 3. o Maintained information on claims ratio which helped to negotiate better premium rates. ACADEMIC CREDENTIALSACADEMIC CREDENTIALS Chartered Accountant from Institute of Chartered Accountants of India : 1972 PERSONAL VITAEPERSONAL VITAE Nationality : Indian Driving License Details : Valid Driving License: United Arab Emirates Languages : English, Hindi and Punjabi Permanent Address : 27 Shivaji Nivas, Shivaji Park, MB Raut Road, Mumbai 400 028, India REFERENCES & DOCUMENTS AVAILABLE ON REQUESTREFERENCES & DOCUMENTS AVAILABLE ON REQUEST