Rajkumar Bhat

 Controller for 4 Operating Companies in Dubai, Saudi and Jordan including 3 Full Fledged Manufacturing Units. Head of Finance from 4 opco’s reporting to me.
 Member of Region’s Management Team and all Finance matters of all the companies need to be vetted before any action.
 Member of Audit committee for the opco.
 Extending strategic guidance to Local OPCO Management in achieving targets and budgets.
 Helping operating company Finance Managers in following IFRS rules and procedure.
 Ensuring accuracy of monthly reporting and constantly working on methods of improving the quality of financial forecast/reports.
 Ensuring that opco’s submit realistic sales and margin forecast for rest of the year and challenge their assumptions for the same.
 Help the operating company management in writing their ‘5 years business plan’
 Monitoring their cash flow and ensure that no excess cash is left behind in any opco.

 Member of Management Committee, responsible for the day to day operation of the company. (with a turnover of around USD 120M per annum and 200 staff on payroll)
 Overseeing MIS, Costing & Accounting Systems, Budget & Forecasts, Stock Takes, cash-flow etc.
 One of the very important task is to ensure that, “Actual Cash-flow” for the month is better than the budget, as whole Management committee’s incentive is depend on that.
 Ensuring the statutory audit is conducted in time. (Auditors KPMG)
 Maintain the relationship with local partner, lawyers, Auditors & bankers.
 Submit the monthly result on 3rd working day.
 Monthly rolling forecast for next 18 months of complete PNL & BS items to be reviewed and finalised every month (based on monthly actual performance).
 CAPEX review and submission of proposals with 10 year revenue figures for the required CAPEX.
 Trade licence and chamber of commerce matters
 Acting as Company secretary for the Board of directors and conducting board meeting & other UAE Company law requirements.
 Passing any board resolutions.
 Area of responsibility also covers Personal Management, as no full time personal manager was available in the opco.
 Participating in finalising annual staff increment for the whole of company.
 Setting up & monitoring sales incentive and finally calculation & disbursement.
 Responsibilities include managing IT department as well. Purchase of software, replacement of hardware, migration / purging of data are some of the functions comes under my remit.
 Hardware include - 62 laptops, 40 desktops and 8 servers.
 Managed the turnover increase (by 350%) with minimum addition to the manpower in both Finance & IT department.

 Designing, implementing & monitoring MIS, Costing, Accounting Systems / Procedures and Budgets for the region.
 Budgetary control and variance analysis.
 Ensuring the statutory audit is conducted in time.
 Submit the monthly result in time and accurate.
 Handling the project accounting for the new factory construction.
 Handling new factory establishments and Legal / Tax matters of the region.