GULZAR BHATKAR

Supervising & managing finance & accounts operations. Providing strategic financial guidance & support to manage company financials smoothly. Monitoring key financial metrics and indicators to assess an organization’s financial health and performance. Third Party Benchmarking & Corporate Tax Analysis. Managing Cash Flow, Working Capital & Liquidity. Managing AOG situation.
● Designing & implementing systems, policies & procedures to facilitate internal financial and process controls.
● Identifying & recognizing areas for improvement within a company, implementing necessary changes to enable the business to perform to its optimum capability while minimizing the overall risks.
● Evaluated current and potential business ventures, analysing profit potential under various market scenarios to support informed business development strategies.
● Liaison with banks for managing bank facility to support procurements.
● Playing a vital role in the decision-making process regarding various facets of business to achieve set company goals

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Supervising & managing finance & accounts operations. Providing strategic financial guidance & support to
manage company financials smoothly. Monitoring key financial metrics and indicators to assess an
organizations financial health and performance. Third Party Benchmarking & Corporate Tax Analysis.
Managing Cash Flow, Working Capital & Liquidity. Managing AOG situation.
« Designing & implementing systems, policies & procedures to facilitate internal financial and process
controls.
« Identifying & recognizing areas for improvement within a company, implementing necessary changes to
enable the business to perform to its optimum capability while minimizing the overall risks.
« Evaluated current and potential business ventures, analyzing profit potential under various market
scenarios to support informed business development strategies.
« Liaison with banks for managing bank facility to support procurements.
« Playing a vital role in the decision-making process regarding various facets of business to achieve set
company goals.

Direct and superintend Accounts Department operations across UAE and India while leading and developing
24-member team. Optimize company liquidity through vigilant treasury management, including cash flow
projections and facility arrangements. Oversee import and export letters of credit and bank guarantees.
Steer tax compliance and planning procedures, including VAT return filings and collaboration with external
tax advisors to inform tax strategies. Economic Substance Regulations compliances & Returns filing. Design
and deliver diverse MIS reports monthly, adapting to changing market conditions and management needs.
Administer insurance coverage to mitigate operational risks. Forecast costs for new product lines, make-or-
buy decisions, and asset capitalization. Ensure receivables collection by coordinating with accounts and
sales teams, facilitating fortnightly meetings and customer visits to negotiate payment plans. Manage
payables to maintain supplier trust and timely product delivery. Establish inventory management practices
to align material availability with demand. Enhance financial processes and achieve broader company
objectives through interdepartmental collaboration. Address ad hoc financial requirements, including ICV
certification, plant audit reports for industry license renewal.
« Led and oversaw payroll processing for around 700 employees, ensuring precision and adherence to set
regulations,
« Developed and implemented various financial modelling tools, including trend & ratio analysis,
comprising vertical, horizontal and benchmarking analysis, breakeven point, scenario and sensitivity
analysis, and root cause analysis to improve strategic planning and financial health of firm.
« Cultivated expertise in multiple treasury functions, including trade finance operations, bank facility
optimization, letters of credit, and cash against documents.
« Built and mentored finance team, fostering performance-driven culture through operational excellence
and professional development.
« Drove strategic employee-centric initiatives to ensure financial integrity and departmental growth.

Owned full spectrum of accounting operations, including preparation and submission of monthly and annual financial statements.
Oversaw cash flow projections and facilitated financial arrangements, including trust receipts from banks to support procurement
activities. Calculated and managed retail pricing and GRN costing. Conducted import/export letter of credit management and filed
VAT returns. Coordinated with Dubai Customs for import declarations and liaised with freight forwarders for shipment handling.
Generated various types of MIS reports, including receivables, customer collection reports, and sales/COGS reports by brand, country,
and customer. Led financial analysis, including break-even point sales, month-to-date, year-to-date, and projected P&L account, as
well as inventory and customer ageing. Played key role in financial planning and analysis, contributing to the overall financial health
of the organization.

Owned full spectrum of accounting operations, including preparation and submission of monthly and annual
financial statements. Oversaw cash flow projections and facilitated financial arrangements, including trust
receipts from banks to support procurement activities. Calculated and managed retail pricing and GRN
costing. Conducted import/export letter of credit management and filed VAT returns. Coordinated
Customs for import declarations and liaised with freight forwarders for shipment handling. Generated
various types of MIS reports, including receivables, customer collection reports, and sales/COGS reports by
brand, country, and customer. Led financial analysis, including break-even point sales, month-to-date, year-
to-date, and projected P&L account, as well as inventory and customer ageing. Played key role in financial
planning and analysis, contributing to the overall financial health of the organization.
« Streamlined payroll processes by spearheading transition from manual to automated system, thereby
enhancing operational efficiency notably.
« Achieved significant cost savings by renewing Group Medical Insurance, reducing premium by Dhs 97K.
« Reduced accounts receivable from Dhs 20M to Dhs 11.50M within eight months.
« Implemented cost-cutting measures that positively impacted companys bottom line.
« Finalized client contracts, negotiating terms such as rebate percentages and claiming rebates from
principal suppliers.
« Improved firms strategic planning and enabled future stability by submitting budget for upcoming
business period.

Steered team operations to prepare and consolidate financial statements and transactions while ensuring compliance with IFRS and
organizational policies. Formulated annual budgets, conducted variance analysis, and implemented corrective actions to align with
financial projections. Led financial analysis and reporting, enhancing long-term capital expenditure planning and internal controls.
Developed financial models and business plans to facilitate strategic decision-making and optimize company performance.
Established new systems, policies, and procedures. Liaised with banking institutions for effective fund management and negotiated
favorable terms for financial instruments. Functioned as pricing analyst to deliver costing of products, projects, and services,
computing RSPs and concluding customer deals.

Steered team operations to prepare and consolidate financial statements and transactions while ensuring
compliance with IFRS and organizational policies. Formulated annual budgets, conducted variance analysis,
and implemented corrective actions to align with financial projections. Led financial analysis and reporting,
enhancing long-term capital expenditure planning and internal controls. Developed financial models and
business plans to facilitate strategic decision-making and optimize company performance. Established new
systems, policies, and procedures. Liaised with banking institutions for effective fund management and
negotiated favorable terms for financial instruments. Functioned as pricing analyst to deliver costing of
products, projects, and services, computing RSPs and concluding customer deals.
«Assessed and implemented new internal financial controls and systems to optimally identify deficiencies
and employ custom strategies, resulting in enhanced risk management and financial reporting.
Led financial planning for the company and determined investment strategies by analyzing cash and
liquidity risks.
improved working capital by forging relationships with key customer accounts and devising payment
plans, thereby recovering AED 17M in overdue payments within five years.
Reduced purchase costs by 15% through direct negotiations with European suppliers while maintaining
quality and delivery standards of procurement.
Mastered cost tracking skills by successfully evaluating and upholding profitability for 17 Bosch Boiler
Projects, further equipping relevant stakeholders and initiatives with insightful resource allocation plans
to navigate potential risks.
Implemented Credit Insurance securing 85% of companys receivables.
Facilitated firms hedging strategies against foreign exchange fluctuations, resulting in minimized
financial risks.
Audited books of account for past 10 years in under six years with great attention to detail.
Negotiated and finalized CAPEX and service contracts/agreements with several clients.
Played integral role in managing project costing for CAPEX projects for multiple clients, including National
Dairy Project, Al Nakheel Paper Factory, National Food Product-Kizad, and Hyatt Regency, among others.

Enhanced financial reporting and accountability by preparing, analyzing, and interpreting financial statements, P&L, B/S, and cash
flow projections. Transitioned physical stock counting to quarterly basis, drastically reducing discrepancies and improving inventory
management. Oversaw and streamlined payroll processing, branch reporting, and query resolution to establish operational
efficiency. Enabled business planning and performance evaluation through development and regulation of annual budgets,
forecasts, and variance analysis. Conducted product costing evaluations, reporting on variances to maintain budget integrity.
Ensured timely and accurate branch reporting, and guided strategic financial decisions by implementing reporting on geographical
and brand-wise profitability.

Enhanced financial reporting and accountability by preparing, analyzing, and interpreting financial
statements, P&L, B/S, and cash flow projections including financial metrics. Transitioned physical stock
counting to quarterly basis, drastically reducing discrepancies and improving inventory management.
Maintained integrity of materials from receiving, staging till shipping stage
. Ensured timely and accurate branch reporting and guided with 90% Make boosting sales by 20% planning.
« Oversaw and streamlined payroll processing operations 800 employees t, ensuring highest standards
of Bill (BOM), recognition maintain

Daily routing accounting work including month end and year end activities