Financial Accounting

RAJNESH KHURANA

**+ years of leadership experience in the areas of Financial Planning & Analysis, Treasury & Fund Management, Debt syndication, Strategic Planning & Leadership, Risk assessment & mitigation, Business re-engineering Strategies, Fund raising, working Capital, Cash Flow, Finance & Accounting Operations, Budget Control, Direct & indirect taxation, internal & statutory audits, legal & secretarial, SAP implementation

**************@*******.*** +91-987*******

LinkedIn: https://www.linkedin.com/in/rajneshkhurana

Key Skills

Profile Summary

Strategic Planning & Leadership

Business Transformation &

Strategies

Business Reengineering / Risk

Control

Operational Excellence

Corporate Governance

Treasury & Fund Management

Financial Planning & Management

Finance & Accounting Operations

Cash Flow Optimization

Process Re-engineering &

Automation

Best Practices

Budgeting/ Pricing/ Cost Control

Acquisition & Mergers

Taxation & Audit

Team Building & Management

A Chartered Accountant with experience across all areas of Finance & Business Management; currently working as CFO (Chief Financial Officer) with IL&FS Rail Ltd., an infrastructure company having projects of INR 3600 Crores

Visionary professional with a dynamic career of over 25 years in Business Excellence and Finance & Accounts entailing business re-engineering & transformation, operational strategy, pricing, financial modelling, business finance, financial planning & analysis, costing, budgeting, taxation, audits and governance framework structure development with consistent record of delivering results in growth, revenue, cost, operational & business performance and profitability

Provided insight on financial decision-making process through analysis, financial projections (planning, budgeting and forecasting), financial analysis and MIS Reporting; brought in scalable financial control

Formulated financial & accounting strategies, translated strategies into executable plans in compliance with Ind. AS, IFRS, Treasury, Tax Laws, Corporate Laws, Legal, Secretarial & Statutory Compliances

Developed and implemented audit plans to mitigate audit risks as well as evaluate the efficiency and effectiveness of internal financial controls; helped the team in attaining business profitability

Successfully designed and implemented business transformation leading to improvement in business profitability

Successfully augmented operational efficiency, worked closely with cross-functional teams for implementing financial strategies, driving new technology implementation, and augmenting profitability

Excellence in designing business models; successfully negotiated for International Joint Ventures and Due Diligence for acquisition

Developed finance policies & procedures and ensured that the same were consistently followed within the unit

Coordinated with Global Business Leaders, Global Finance Leadership Team, Board of Directors and Audit Committee; experienced in successful completion of concurrent projects; successfully implemented ERP System throughout the organization

IL&FS Rail Ltd Chief Financial Officer May16 – Aug’20

Key Result Areas:

Directing the entire gamut of financial operations and evaluating organization’s financial performance; conducting financial analysis, developing financial planning processes and structuring & implementing overall commercial plans

Driving finalization of monthly/quarterly/yearly balance sheet and planning budget process, reducing costs, improving gross margins, revenue earning capacity and profitability

Undertaking financial analysis, internal & regulatory reporting and forecasting functions; administering long-term Capex Planning

Understanding new business/ changes in existing business, analyzing impact thereof on financials and suggesting accounting treatment; optimizing utilisation of capital and cash flow

Formulating annual budgets and conducting variance analysis

Spearheading the business forecasting & financial modelling to help short-term and long-term planning of the organization;

Designing & implementing systems, policies & procedures to facilitate internal financial and process controls

Preparing & presenting MIS reports to senior management, stakeholders & board presentation

Steering review of existing processes, resources and systems, making and monitoring changes

Playing a vital role in the decision-making process regarding various facets of business to achieve set company goals

Finalizing monthly, quarterly & annual financial statements in compliance to Ind AS/IFRS

Ensuring adherence to statutory and regulatory compliances of direct and indirect taxation

Conducting statutory & tax audit in compliance to statutory regulations & acts

Performing Internal Audit & implementing recommendations across departments

Heading cross-functional departments including Company Secretarial, Legal & IT functions

Highlights:

Successfully managed complete commercial & financial operations of project value of INR 3600 Crores of the holding company and two SPVs

Managed fund & non fund based credit facilities of INR 2260 Crores by consortium of 15 Banks including ECB of USD 75 Million

Helped in saving INR 11 Crores per year by successfully negotiating reduction in interest rate

Administered successful sanction of Euro 26 Million ECB for import of Capital Goods

Completed Income tax Assessment and helped in getting refund of over INR 6 Crores

Coordinated Service Tax Audit of 5 years by the department without any addition

Simon India Ltd. Chief Financial Officer Dec’08 – Dec’15

Key Result Areas:

Spearheaded financial accounting, finalization of annual accounts under IGAAP

Developed project & company-wide budgets, variance analysis and cash flow plans

Ensured statutory and regulatory compliances on direct and indirect taxation including filing of returns & assessment under Income Tax, TDS, VAT, WCT and Service Tax Acts

Coordinated with banks for working capital arrangements including LCs, ABGs, PBGs and Bid bonds

Invested surplus funds, forex management through forward covers for imports & exports

Led SAP ERP Implementation across departments and regular updates & improvements

Supported in achieving overall performance, compliance and governance

Directed company's expansion plans including legal, financial and commercial due diligence, negotiation with stakeholders / PE investors for inorganic growth

Worked as the Vertical Head of Finance, Company Secretarial, Legal & IT functions

Highlights:

Managed commercial & financial operations of a project worth USD 125 million in Saudi Arabia

Led Investments Management of up to INR 150 crores which helped in increase in return on investments by 15%

Won Income Tax Appeal of INR 9.2 Crores at Commissioner (Appeals) level on Forex losses

Got approval of allowance in scrutiny assessment of INR 26 Crores as warranty provision

Arranged sanction of WCT exemption in single project of INR 6.2 Crores

Directed business, legal & financial due diligence for acquisition of company for a value of INR 450 Crores

Devised and led the implementation of SAP ECC 6.0 platform across departments

Allied Pickford’s Pvt. Ltd. Head F & A, India May’06 – Nov’08

Highlights:

Headed Financial and Accounting activities; generated MIS reports and shared the same with Indian & Foreign Directors and Asia Pacific Office in Singapore

Consolidated branch accounts and finalized annual accounts

Devised & implemented Internal Controls & Systems

Ensured timely conduction of Statutory and Internal Audits and Transfer Pricing Audit

Administered Secretarial Matters and Board Meeting Presentations as well as Legal Matters

Provided corrective action plans for direct & indirect tax issues

Exhibitions India Pvt. Ltd. Chief Financial Officer May’97 – May’06

Highlights:

Supervised the complete financial operations of the organization with focus on Financial Planning, Budgets and Variance Analysis with in-depth study of causes

Devised, analysed & implemented Internal Control Systems & improvements

Conducted financial analysis including Debtors & Creditors Control, Monthly P&L and comparison with projections

Spearheaded commercial and pricing decisions, working capital management and capex evaluation

Monitored cash flow, future projections and corporate strategy; conducted feasibility study of new projects; controlled cost by implementing appropriate measures

Prepared & vetted agreements with Indian and Overseas Principals, Agents and Vendors by negotiating terms

Previous Experience

World Digital Sound Limited Manager – Finance Dec’95 – May’97

Dewan P. N. Chopra & Co., Chartered Accountants Partner May’90 – Nov’95

Education

1990: CA from ICAI, Delhi; Passed each group in 1st attempt

1986: B.Com. from Hindu College, Sonepat; 3rd Rank in the University

Training/Workshop

Completed a crash course in SAP FICO module

Attended workshops on Ind. AS and GST

Professional Membership

Fellow Member of the Institute of Chartered Accountants of India

Member of the Banking, Finance and Capital Markets Expert Committee of ASSOCHAM from 1997 - 2001

Member of the Taxation and Corporate Laws Committee of FICCI from 1998 - 2001

Member of the Direct Tax Committee of PHD Chamber of Commerce and Industry from 1999-2006 and 2010-20

Personal Details

Date of Birth: 8th July 1967

Address: 45, New Pragatisheel Apartments, Vasundhra Enclave, New Delhi –110096

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