Rajesh Bhavnani
Bangalore
Summary
Finance professional with over 33 years of expertise in OTC operations, specializing in accounts receivable, credit management, and cash application. Proficient in ERP systems such as SAP and Oracle, utilizing analytics to enhance reporting and drive improvements in DSO and cash flow. Successfully led the integration of SAP and RPA, resulting in streamlined rebate automation and enhanced business performance. Recipient of multiple awards for outstanding achievements in AR credit control and finance training initiatives.
Overview
33
33
years of professional experience
Work History
Regional Finance Controller – South
Bacardi India P. Ltd.
Bangalore
04.2021 - Current
- Efficient management of OTC operations for South comprising Govt. Corporations and distributors overseeing credit control, collections, billing accuracy, shipment & depletion accounting, Corporation/customer reconciliations, secondary distribution cost, DSO, DIOH, monthly financial close, auto rebate management, customer, promoter & vendor claims processing, customer KYC, distributor and promoter ROI across the southern region.
- Collaborated with Sales team to align credit strategy with business objectives.
- Ensured compliance with internal controls, statutory taxes, IND AS, audit standards, and SOX requirements.
- Led digitalization initiatives including rebate automation and Gross to Net rebate module implementation.
Regional Finance Controller – North
Bacardi India P. Ltd.
Gurgaon
07.2009 - 03.2021
- Managed finance operations across over 15 warehouses, including inventory management and cost control.
- Drove customer and credit risk management for more than 2,500 customers in Northern region.
- Ensured timely price maintenance in SAP and NSV reconciliation for accurate financial reporting.
- Facilitated ERP transition from EB2/MG-pro to SAP for OTC and accounting modules.
- Implemented real-time invoicing model at depots, improving billing accuracy and process efficiency.
- Conducted follow-ups and reconciliations with government for recovery of old security deposits.
Sr Manager Accounts
Radico Khaitan Ltd.
Chandigarh
01.2004 - 06.2009
- Managed commercial accounts across five states: Rajasthan, Punjab, Himachal Pradesh, Chandigarh, and Jammu.
- Oversaw manufacturing accounts for five tie-up units at Derabassi, Bilaspur, and Jammu.
- Directed finance operations at company-owned bottling unit in Reengus, Rajasthan.
- Led four sales depots in Chandigarh, Bilaspur, Mohali, and Jammu with a team of four commercial staff and five accountants.
- Compiled MIS reports to provide data-driven insights for top management decision-making.
- Analysed customer receivables versus collections and conducted creditors' aging reconciliation.
- Prepared monthly P&L statements and operational budget variance reports.
- Formulated annual budgets and updated cash flow forecasts effectively.
Dy. Manager - Accounts
United Spirits Ltd-Diageo India (Formerly Shaw Wallace & Co Ltd.)
Jaipur
04.1992 - 01.2004
- Managed commercial accounts and customer receivables, ensuring timely invoicing and settlement of trade discounts.
- Oversaw credit control, improving Days Sales Outstanding (DSO) through effective debtors aging reporting.
- Executed inventory planning and management, optimizing stock levels and dispatch processes.
- Conducted comprehensive stock counts and customer reconciliations to maintain accuracy and accountability.
- Evaluated actual overheads against budget, facilitating informed financial decisions during monthly closings.
- Maintained internal controls to enhance operational efficiency and mitigate risks.
- Achieved recognition as outstanding performer for 3 consecutive years through consistent results.
Education
MBA - Finance
National Institute of Management, Maharashtra
Ahmedabad12-2008
Bachelor of Commerce - Finance
University of Rajasthan
Jaipur06-1990
Skills
- Accounting controls and standards
- Financial analysis and reporting
- Accounts receivable management
- ICFR and SOX compliance
- Problem solving and critical thinking
- ERP and financial systems
Timeline
Regional Finance Controller – South
Bacardi India P. Ltd.
04.2021 - Current
Regional Finance Controller – North
Bacardi India P. Ltd.
07.2009 - 03.2021
Sr Manager Accounts
Radico Khaitan Ltd.
01.2004 - 06.2009
Dy. Manager - Accounts
United Spirits Ltd-Diageo India (Formerly Shaw Wallace & Co Ltd.)
04.1992 - 01.2004
MBA - Finance
National Institute of Management, Maharashtra
Bachelor of Commerce - Finance
University of Rajasthan
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