RONAK BAROLA, Finance Manager

RONAK BAROLA

Finance Manager

Alghanim Industries

Location
Kuwait
Education
Master's degree, CFA level 2
Experience
12 years, 8 Months

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Work Experience

Total years of experience :12 years, 8 Months

Finance Manager at Alghanim Industries
  • Kuwait - Al Kuwait
  • My current job since June 2021

• Budgeting, forecasting, variance and trend analysis
• Detailed Financial Statements preparation and review (P&L, Balance Sheet, Cash Flows)
• Robust modelling and reporting to facilitate executive level decision making
• Overall Business Valuation - preparation of discounted cash flow models, leverage models
• Feasibility study and financial evaluation for green-field projects calculating NPV, IRR, payback
• Business performance and forecast presentations for Chairman and CEO review
• Financial Planning and Analysis, multiple year Strategy development (EVA growth)
• Evaluation of capital expenditure projects
• Analysis of various business functions performance and identifying improvement opportunities
• Detailed project profitability analysis to support sales growth
• Cost control initiatives by coordinating with various department heads
• Focused on accuracy, meeting deadlines under intense work pressure
• Well versed with various technologies - SAP, Hyperion, Microstrategy, PeopleSoft GL, Unison
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· Managed budget and reforecast supporting $150m revenue and $15m net profit
· Delivered business plans (expansion/restructuring) for $30m net present value
· Reviewed detailed market study for greenfield projects (investments of $20m)
· Projects approvals worth $30m every year from detailed profitability analysis since 2016
· Best ratings (5/5) in last four years in Alghanim Industries (awarded to < 10% of Alghanim employees)
· Led various cost control/optimization initiatives (~$ 3m)
· Received multiple awards in Alghanim, Macquarie and GSK for work done over normal responsibility
· Green belt trained, tested and certified yellow belt

Sr. Financial Analyst at Alghanim Industries
  • Kuwait - Al Kuwait
  • December 2017 to May 2021
Financial Analyst at Alghanim Industries
  • Kuwait
  • November 2015 to November 2017
Executive at Macquarie Group
  • India
  • October 2013 to October 2015

Financial/Statutory
Reporting, Accounting

Assistant Manager Accounts at Genpact - India
  • India - Gurgaon
  • September 2011 to September 2013

Forecasting, Financial /Statutory
Reporting, Accounting

Management trainee - 1 year (Sep’11-Sep’12)
Assistant Manager - 1 year (Sep’12-Oct’13)

Education

Master's degree, CFA level 2
  • at CFA Institute
  • May 2017

Passed CFA Level 2

Master's degree, Company Secretaries
  • at Institute of Company secretaries of India
  • December 2012

First Attempt all groups together

Master's degree, Chartered Accountancy
  • at Institute of Chartered Accountants of India
  • May 2011

First Attempt all groups together

Bachelor's degree, Bachelor of Commerce
  • at University Of Rajasthan
  • March 2010

Specialties & Skills

BUDGETING
FINANCIAL
FORECASTING
REPORTS
VALUATION
AUTOMATION