RAJAN KUCHHAL

***, *-**, ************* ****,

Dubai, UAE

Mob: +971**-*******

Email: adp6da@r.postjobfree.com

Profile Snapshot: A Qualified Management Professional CMA (USA), ACMA (previously known as ICWAI) (India), B.Com with professional experience at international level with a track record of implementing financial accounting system and controls thereon, external audits, Internal Audits, Costing & Budgeting, and management reporting. Strong experience in Fund management, Collection & credit control, Payroll & inventory management.

Professional Expertise: Financial accounting ~ Financial Audit ~ Internal Audit ~ Banking Facilities & Fund Management ~ credit control ~ Budgeting ~ ERP ~ Consolidation of multi division accounts ~ MIS.

Career Profile

Design Design LLC: Dubai:

Group Accounts & Finance head: November 01, 2020 to till date

Financial accounting complete accounting of Group Companies i.e. three companies in Dubai.

Accurately and timely posting of entries into the system to ensure accurate and timely trial balance.

Preparation of Monthly and Annual P&L and B/S as per IFR.

Strict Control on Invoicing and chase for payment.

Quarterly Consolidation of all Group Companies accounts and Reporting of consolidated results.

Responsible for auditing of accounts and coordination with Auditor.

Project Cost estimation and pricing.

Banking, Bank facilities. TR, LPP controls.

Cash flow management short term and long term.

VAT controls and management. Filling of VAT refund.

Budgeting, Fixation of Budget by Department and company, Variance analysis and monthly reports.

Consolidation of Budget in accordance with Accounting principles and Guideline.

Comparison of Financial information with Budget and reporting of Variance with analysis of reasons.

Division wise profitability analysis. Revision of plan for next Quarter based on critical development of the current month.

Division wise expenses analysis and take the necessary steps to minimize the expenses and Report to Management for over spending.

Achievements:

Bank facilities arranged, Term Loans within a month.

Effective TR & LPP controls

Introduction of Customer evaluation system for credit control and improve the cash flow.

Recovery from defaulters.

Development and setup of new business processes and implementation of the same across all Group Companies.

Pure Perfumes Trading DMCC: Dubai:

Accounts & Finance head: January 01, 2019 to October 2020

Financial accounting complete accounting of the Companies at two locations i.e. Dubai and China

Accurately and timely posting of entries into the system to ensure accurate and timely trial balance.

Preparation of Monthly and Annual P&L and B/S as per IFR.

Fixing of party wise credit limit and keep credit with in limit, receivables controls.

Credit insurance.

Quarterly Consolidation of all Group Companies accounts and Reporting of consolidated results.

Responsible for auditing of accounts and coordination with Auditor.

Project Cost estimation and pricing.

Banking, Bank facilities.

Cash flow management short term and long term.

VAT controls and management.

Budgeting, Fixation of Budget by Department and company, Variance analysis and monthly reports.

Consolidation of Budget in accordance with Accounting principles and Guideline.

Comparison of Financial information with Budget and reporting of Variance with analysis of reasons.

Product costing and Pricing. Product wise and Division wise profitability analysis. Revision of plan for next month based on critical development of the current month.

Division wise expenses analysis and take the necessary steps to minimize the expenses and Report to Management for over spending.

Achievements:

Bank facilities arranged within two months.

Introduction of Customer evaluation system for credit control and improve the cash flow.

Credit Insurance cover for Receivable to minimize the bad debts and better fund management.

Recovery from defaulters.

Development and setup of new business processes and implementation of the same across two locations.

Horwath Mak International consultancy: Dubai:

Senior Auditor and Management consultant: March 2011 to December 31st 2018

Key functions performed:

Accounting and management consulting: Setting up of accounting system, review of internal control procedures and management reporting.

Financial Audits and compliance of International Financial reporting standards (IFRS).

Management advisory and internal audits: Review of financial information, review of operations and controls.

CFO Services: Regular operation monitor, advice and controls.

Industry analysis:

Hotels and leisure

Building Owners associations.

Real Estate.

Construction and development of properties.

Manufacturing companies.

Trading Business.

Internal Audit and Operational review:

System review, audit on quarterly basis for Hotel apartments accounts, Facilities management accounts, Hotel Accounts, real estate sector entities, manufacturing, trading in order to identify system weaknesses, gap analysis and advice on suitable corrective measures to improve the overall functioning and profitability of the company.

Compliance and internal controls to ensure the adherence of policy and procedures lay down by the management.

Innova Creations LLC: Dubai

Accounts & Finance Head: Feb 2005 – March 2011

Financial accounting management from setting up of the system to preparation of balance sheet.

Supporting CEO in taking important financial decision.

Responsibility for auditing the accounts.

Fund flow management.

Daily collections and receivables controlling and management.

Product costing and Budgeting.

Variance analysis and monthly reports.

Liaison with bank, auditors, shipping lines, and legal authorities.

Consolidation of multi country financial reports for the management.

Achievements:

Drastically reduced debtors credit period from 180 days to 90 days.

Instrumental in procuring working capital of INR 4 crore and BG of INR 2 crore.

Implemented Focus Accounting package in Dubai & Indian offices within 3 months.

Completed audit formalities within 1 month for Dubai & Indian offices.

Handled legal matters regarding labor, immigration, shareholding Change.

Electrolux Kelvinator LTD

Plant Controller (Commercial Head): Jul 1998 to Dec 2004

In-charge of finalizing plant level monthly balance sheet and profitability reports.

Responsible for payables and receivables and import procedures.

Adherence of Accounting procedures, and company rules regarding passing of exp, Payments.

Product costing and pricing.

Responsible for annual budgeting and monitoring of cost and profit.

Department wise monthly Budget v/s actual analysis for expenditure more than the budget.

In-charge for financial and internal audits.

Looked after Sales tax, Income tax, Professional tax and performed all quarterly/half/yearly returns.

IT savvy and Well Aware of Pact, Focus, Tally, JD Edward ERP and other accounting package. Worked as team leader for implementation of ERP JD Edward-Mfg, Store, Purchase, Dispatch, AP, AR, GL and Product Costing and Pricing. Made the business process charts, setup chart of accounts, setup AAI and user’s manual.

Achievements:

Obtained a claim of 4 crore from insurance company out of claim amount of 5 crores.

Arranged salary account for 1000 staffs from HDFC bank and was instrumental in opening a branch in Riwari.

Implemented ERP based JDS 4 modules (Account, Store, Mfg, and Fixed Assets) within 6 months.

Completed statutory internal tax audit within 1 month.

Reconciled 85 major party accounts.

Improved credit ratings and increased suppliers credit from 90 days to 120 days.

Arranged auction of scrapped machinery and waste material, earned 2 crores.

Phoenix Overseas Ltd: Delhi

Manager Costing, Pricing & MIS: Sept 1994 to Jun 1998

Performed product costing.

Analyzed product margin and BEP.

Input and Output reconciliation quantity wise.

Tracking the performance relating to Net sales realization, Cost of Goods sold, Expenses, cash flow, working capital cost, and product cost.

Liaised with auditors.

Looked after customs and excise duty and modvat reconciliation.

Plant and Store Accounting.

Achievements:

Completed cost audit for 14 units within 3 months.

Fixed MRP for 1500 products.

Managed special prices and commercial activities for Diwali sales for all of Delhi.

Was responsible for saving 1.5 crore by modvat reconciliation.

Subros Ltd: Delhi

Dy. Manager Accounts & Budgeting: Feb 1992 to Sept 1994

Performed monthly profitability analysis.

Was responsible for Inventory Valuation, Product costing and Budget Fixation.

Performed Purchase finalization, Creditors control and Completion of Financial books of accounts.

Developed MIS on production, rejection and idling time of various machines.

Performed internal audits of various financial and non financial areas.

Professional Trainings

ERP JD Edward Implementation: Core member of the implementing team.

Audit software - CASEWARE

Communication and Leadership trainings.

Training on Team Building.

Foreign exchange trading.

IT savvy and Well Aware of Pact, Focus, Tally, Quick Book, JD Edward ERP and other accounting package

Education

CMA (USA) : Budgeting, analysis, controls : IMA-USA : 2010

ICWAI : (Accounts/costing/finance/audit) : Calcutta-India : 1988

Diploma : Computer management : IICM, Ahmedabad : 1987

B.com : MD University, Rohtak : 1982

Diploma : Microsoft Excel, Word, Power Point : 1993 NIIT

Personal Details

Date of Birth : 2nd September 1962.

Languages known : English and Hindi

Driving License : Dubai valid.

Visa : Dubai Residence visa.

Mobile residence: 055-*******

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