Badminton, Singing
Rajat Gelra
Financial Controller
JLT, Dubai
Summary
Chartered Accountant having extensive experience in financial planning, project evaluation, risk management, ERP implementation, productivity analysis, management reporting and stakeholder engagement of multi-million-dollar Oil & Gas (from upstream to trading & supply), Mining, Metal & Coal Trading & Manufacturing entities.
Overview
6
6
years of professional experience
Work History
Financial Controller
E3 Energy DMCC
Dubai
Dec.2020 - Current
- Successfully implemented a fully integrated Aspect CTRM system covering Trading, Operations & Shipping and Risk Management within 3 months of taking over the role
- Created a daily risk and exposure position reporting process ensuring real time information to CFO & MD for physical & view base books for commercial decisions
- Handling Trade Financing and Treasury Management responsibilities in absence of Treasury Head
- Dealing with banks for financing the import/export trades via Letter of Credit and Bank Guarantees
- Maintaining banking relationship for facilities renewal and extension of credit limits (Currently managing 400 Mio USD banking limits)
- Preparing and presenting weekly cash flow projections, monthly management reports, consolidated annual accounts as per IFRS and annual budgets
- Working with Traders for oil product stock valuation, fair valuation of open derivative trades and setting up deal economics and finalization of their yearly bonus figures
- To oversee all tax, audit and regulatory requirements and ensure company is always in compliant
- To remain current on audit best practices, compliance matters at state and local government levels regarding company operations.
Business Controller
Trafigura Global Services Pvt. Ltd
Mumbai
Oct.2018 - Dec.2020
- Preparation & Forecasting of five-year business plan, variance analysis and project evaluation & funding
- Responsible for end-to-end monthly, quarterly, and annual closure of books under Ind-AS/IGAAP & group reporting as per IFRS
- Publishing deal wise P&L (monthly), inter-company report (monthly) and cash flow report (weekly) for review of financial performance
- Preparation of FX risk card (monthly) and reconciling hedge number
- Preparation of monthly management reports and participation in operational review meeting for coal and refined metal books
- Monitoring of Plant Capex - Asset Capitalization, maintaining FAR
- Project Leader for SAP/Tally/Titan implementation
Manager Finance
MOIL Limited
Nagpur
Sep.2016 - Sep.2018
- Preparing comprehensive reports on expenditures, budget allocations, revisions, and performance
- Managing tender process by scrutinizing/reviewing legal and commercial content of tender documents
- Evaluation of projects/proposals based on detailed feasibility study and cost benefits analysis for financial concurrence
- Managing payroll processing function (Salary/Wages, Loans & Advances)
- Project Leader for SAP(FICO) module implementation
Financial Analyst
Ravi Kariya & Co
Ahmedabad
Aug.2013 - Aug.2016
- Facilitated business incorporation related activities including registration, system design and information flow
- Company Law, ROC, Income Tax, Indirect tax, Audit compliance
- Accounting & Audit in charge of clients based in Ahmedabad Zone
Education
Diploma - International Financial Reporting
Association of Chartered Certified Accountants
UK Jan.2022 - May.2022
MBA - Accounting And Finance
ICFAI University
India Oct.2018 - Sep.2020
Chartered Accountant - Accounts, Finance, Taxation, Law, Audit, IT
The Institute of Chartered Accountants of India
India Apr.2011 - May.2016
Bachelor of Commerce - Accounting And Finance
Gujarat University
India Apr.2011 - Mar.2014
Accomplishments
1. Rewarded as excellent performer in current & previous organizations for exceptional performance, dedication, and commitment to the company.
2. Collaborated with the senior management for drafting risk management policy, transfer pricing policy along with big4’s
3. Project Lead for implementation of Risk Management (Aspect CTRM, Pluto) & Accounting ERP Software (SAP, Quick Books & Sage)
4. Coordinated KRA in-depth audit reducing tax liability of the company from 5 Mio USD to 100K USD.
5. Have reduced the margin calls and cash blockage substantially by effectively monitoring & controlling the hedge positions to TPA Account from 5-7 Mio to around 250K USD
6. Have saved company finance cost by around 500k USD/ Year by negotiating rates (Interest/Confirmation/LC Issuance/Penalty) with various banks
7. Effectively implemented inhouse logistic software which control the flow of inventory along with live exposure monitoring.
Affiliations
1. Certificate for Financial Accounting from CPD London with 64 credit points
2. Certificate for Advanced Accounting from KHDA (Govt. Dubai)
3. London Chamber of Commerce Certification for Financial Accounting
4. Certification for Microsoft Office Specialist for Office Excel R 2016
5. Industrial Training for 1 year from Gardner Denver Engineered Products India Pvt Ltd.
Interests
Timeline
Diploma - International Financial Reporting
Association of Chartered Certified Accountants
Jan.2022 - May.2022
Financial Controller
E3 Energy DMCC
Dec.2020 - Current
MBA - Accounting And Finance
ICFAI University
Oct.2018 - Sep.2020
Business Controller
Trafigura Global Services Pvt. Ltd
Oct.2018 - Dec.2020
Manager Finance
MOIL Limited
Sep.2016 - Sep.2018
Financial Analyst
Ravi Kariya & Co
Aug.2013 - Aug.2016
Chartered Accountant - Accounts, Finance, Taxation, Law, Audit, IT
The Institute of Chartered Accountants of India
Apr.2011 - May.2016
Bachelor of Commerce - Accounting And Finance
Gujarat University
Apr.2011 - Mar.2014
Skills
1. Business Controlling
2. Financial Planning & Reporting
3. IFRS/IND AS Reporting
4. Derivative & Risk Management
5. Working Capital Management
6. Banking Compliance
7. Contract Negotiations
8. ERP Implementation
9. Relationship Management
10. Team Lead
Skills
1. Business Controlling
2. Financial Planning & Reporting
3. IFRS/IND AS Reporting
4. Derivative & Risk Management
5. Working Capital Management
6. Banking Compliance
7. Contract Negotiations
8. ERP Implementation
9. Relationship Management
10. Team Lead
Software
Aspect CTRM, SAP R/3 & HANA, Sage, Quick Books, Busy, MS Office Suite, Tally, Spectrum
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