Sanjeev Bhalla

Senior Financial Controller at National Catering Company

• United Arab Emirates
• My current job since February 2016

F&B Trading and IT Company\}
* Reports directly to the Group CFO & dotted line reporting to COO and Audit Committee.
* Provide leadership in the development for the continuous evaluation of short and long-term strategic
financial objectives for Retail (Supermarket), Catering and Food & Beverage trading business.
* Managing working capital, Inventories & Accounts Receivable, Credit Collection (Debtors reconciliation,
ageing analysis, invoice dispute resolution & recommendation for legal).
* Secured funding of USD 12 million from HSBC for the New office premises, warehouse & logistics facility.
* In-house: Implemented VAT & Excise, system integration Savings AED 300k
* Implemented cloud-based ERP ‘Business Core’. Developed new system controls - Risk & Control Matrix
* Ensure creditability of Finance Group by providing timely and accurate analysis of budgets, financial trends,
and forecast. Pricing & Business proposal approval. Preparing monthly Product Wise Profitability Report.
* Overseeing the Procurement & Logistics Division. Responsible for Sourcing and Logistics Planning
* Establish Purchase committee and enhanced commercial function lead to savings of AED 1.7 million
* Establish Inventory controls and reduction in Food wastage leads to savings of AED 1.1 million p.a
* Rolled out the process of Bid and Tenders for better pricing and achieved saving targets.
* Monthly P&L and Balance sheet analysis with appropriate recommendations.
* Manage processes for financial forecasting, budgets and consolidation and reporting to the management.
* Formulating and overseeing the implementation of an internal control framework, guidelines, policies and
procedures for the functioning of the Finance & Accounting of all NCC Group companies.
* Implementation of E-commerce and signed agreements with Instashop, El Grocer, Swan and Soopa
* Developed Credit appraisal and credit monitoring process. Achieved 93% collection.
* The realisation of Fire Insurance claim of USD 2 million for Abela Supermarket in Abu Dhabi
* Played a key role in the merger & acquisition of Grakonet & Gecko LLC. Secured a Funding of 18M USD.
* Managed the implementation of the first Digital Retail Abela supermarket https://www.souqplanet.ae/,
* Establish an Internal Audit Function (IAD) and Lead ICV exercise, achieved the certification.
* Implementation of IFRS 9, IFRS 15 and IFRS 16

Head of Finance at Axiom Telecom

• Bahrain
• December 2013 to December 2015

Retail & Wholesale trader of handsets & devices)
* Driving the Annual budgeting, Balanced Scorecard & Strategy sessions with HR, IT, Operations teams.
* Accountable for all financial and management reporting besides risk management and controls
* Provide advice to the business on value-add opportunities including financing alternatives, pricing strategies,
procurement contract terms and conditions and cost efficiency opportunities.
* Led all reporting, risk management, revenue assurance & Fraud, treasury operations, working capital, credit
management, & strategy sessions with cross-functional colleagues.
* Provided advice on financing alternatives, pricing strategies, contract terms & conditions and cost efficiency
opportunities. Involved in preparation of customer Journey & product life cycle management.
* Developed a new Finance Manual. (AR, AP, Fixed Assets, Budgeting) for smooth operations.
* Drove retail outlet profitability and implemented inventory control systems.
* Developed a new dashboard & automated KPI monitoring & margin analysis.
* E-Commerce implementation.

Director at Wataniya Telecom

• United Arab Emirates
• June 2006 to September 2013

Annual Turnover $ 2.4 billion)
Oversee Kuwait, Algeria, Tunisia, Palestine & Maldives

Manager at Hutchison Essar

• India
• March 2004 to February 2006

Finance Telecoms Company acquired by Vodafone in 2007
* At Hutchison Essar, generated $1M in cost savings by developing and implementing an innovative Network
Maintenance Agreement. Implementation of SOX and Reporting based on IGAAP and US GAAP.
* Realized a sum of $300K from BSNL related to Interconnect, which was critical in the realisation of money.

Team Leader at Reliance

• India
• September 2002 to January 2004

Commercial
* At Reliance, generated $100K in cost savings through the development and execution of a new employee
payroll program. Certificate of Merit for excellence performance in the year 2003.
* Supported in the IPO process.

at Bharti Hexacom India Ltd

• India
• November 1996 to August 2002

Manager at Airtel

• Bangladesh
• January 2001 to January 2002

A telecom company acquired by Bharti

Chief Accountant at National Engineering Industries Ltd

• India
• January 1991 to October 1996

(A manufacturer of Ball Bearing) - NTN CORP0RATION- JAPAN