RAJESH THAKUR
Chartered Accountant
THANE
Summary
Results-driven management professional with proven track record in leadership and operational strategy. Adept at driving organizational growth and enhancing productivity through effective team collaboration and strategic initiatives. Recognized for adaptability and commitment to achieving high standards and impactful results.
Born and raised in Kolkata, Graduated from Calcutta University in 2006. Chartered Accountant with around 14 years of post qualification experience having experience into Financial Analysis, Budgeting Planning and Forecasting, Management Reporting, Financial Reporting. Have worked with leading NBFC's - into Gold Loan, Housing Loan, Vehicle Loan and other retail loans. Last 2 stints were with leading Banks - handled Rural lending and Consumer Finance.
Overview
14
14
years of professional experience
8
8
years of post-secondary education
3
3
Languages
Work History
Assistant Vice President - Finance
Axis Bank
10.2023 - Current
- Handling Rural Lending book consisting of Farm Credit, Gold Loan, Tractor, MFI, Co-Lending and Consumption loans to Agri Customers.
- Responsible for producing Product level P&L's on a monthly basis. Tracking key metrics as laid down in budget, helping business teams in aligning product strategies.
- Preparation of monthly financial deck covering Business, Profitability and Credit Cost - Variance analysis with budget.
- Monthly forecasting for Rural portfolio. Participating in monthly review with business heads explaining monthly profitability.
- Development of Geography P&L's - Drilled down to Branch level, Insights from Geography P&L's, Review with business teams on a monthly basis for corrective actions.
- Preparing Annual Budget / AOP in coordination with Business/ Product Teams.
- Automation of management reports for sustainability and accuracy.
Associate Vice President - Finance
Kotak Mahindra Bank
04.2021 - 10.2023
- Handing MIS & Financial Strategy for Consumer Durable Loan, both Online and Offline lending, having around Rs.1000 Cr loan book.
- Preparing detailed Annual Operating Plan covering Business, Risk, Recovery and P&L.
- Business Finance - Covering business related dashboards covering business, efficiency, x-sell and lending risks.
- Implemented data-driven decision-making practices to inform business strategy and optimize performance metrics across all departments.
- Preparation of business P&L - at product level, regional level. Monthly variance analysis tracking against budget.
- Tracking key business metrics like productivity, income lines, origination costs etc., important for business P&L at regional level and suggesting management variance as compared to industry/ operating plan.
- Bench-marking with peers with a short term / long term milestones, preparing presentation for senior leadership for monthly / periodical reviews.
- Reviewing and recommending the financial viability of new Projects/ Tie-ups entered into by Product Team.
- One point SPOC for all MIS's / Dashboards for Business and Financial data points.
Senior Finance Manager
Tata Capital Housing Finance Limited
01.2020 - 04.2021
- Company Overview: It is a subsidiary of TATA Capital, is into housing loan and loan against property.
- Discussion with various stakeholders for giving shape to Business Plan, Planning, Development, Rolling out of Business Plan. Preparation of estimation for business as well as profitability.
- Monthly variance analysis, Tracking against budget, Product and Vertical PnL, Supporting stakeholders for decision making.
- Preparation and circulation of various periodical dashboards covering GNPA, Credit Cost, PCR and NNPA. Estimating Credit cost and its impact on profitability against budget.
- Analyzing Income and Expense line items, monitoring cost, supporting with cost saving initiatives and finding scope for cost reduction or revenue enhancement to achieve corporate business plan.
- Bench-marking with peers, presentation to senior leadership with various HFC's data.
- Analyzing branch / product profit and loss accounts on monthly basis and provide feedback to CFO, if any deviation against budgeted trend.
- Preparation of NHB returns on monthly/quarterly/ yearly frequency.
Business Analyst
Digikredit Finance P Limited
10.2019 - 12.2019
- Company Overview: It was a startup with around 70 Cr portfolio, catering SME customers with average ticket size of around Rs.2.5 lacs.
- Role was to support finance team with budgetary planning and forecasting along with monthly management decks covering disbursement, collection, risk analytics with profitability statement.
- It was a startup with around 70 Cr portfolio, catering SME customers with average ticket size of around Rs.2.5 lacs.
Chief Manager - Finance
Reliance Home Finance Limited
09.2018 - 09.2019
- Company Overview: Reliance Home Finance Limited is a listed HFC, part of Reliance Capital - ADAG Group, is into housing loan and loan against property.
- Finalizing month end entries, Account closure, Management Accounting and Reporting. Preparation and circulation of various periodical dashboards covering business as well as financial parameters for effective decision making.
- Analyzing Income and Expense line items and finding scope for cost reduction or revenue enhancement to achieve corporate business plan.
- Analyzing branch / product profit and loss accounts on monthly basis and provide feedback to CFO, if any deviation against budgeted trend.
- Preparing Investor snapshots as per Investors / Analysts requirement.
- Reliance Home Finance Limited is a listed HFC, part of Reliance Capital - ADAG Group, is into housing loan and loan against property.
Senior Manager - Business Analytics and MIS
Manappuram Finance Limited
03.2013 - 09.2018
- Company Overview: Listed NBFC, based out of Kerala, engaged primarily in lending money against gold ornaments.
- Supporting in Budgeting and Forecasting process, Track variances, explanations and recommend corrective actions.
- Preparation of monthly financial including cash flow. Preparation of monthly management packs, review decks and getting into discussions with finance team, as necessary.
- Analyzing Income and Expense line items and finding scope for cost reduction or revenue enhancement to achieve corporate business plan targets. Suggesting corrective actions based on such analysis.
- Assisting sourcing team with various analysis for product development/modification. Develop and share insightful business metrics to stakeholders assisting them in decision making process.
- Provide support and analysis for competitor review and economic indicator trends.
- Designing contest plans for Sales / Collection / Credit. Formulating Incentive schemes in line with plan to achieve budgeted numbers. Assisting division in Portfolio securitization / assignment.
- Listed NBFC, based out of Kerala, engaged primarily in lending money against gold ornaments.
Manager - Accounts
Madhuri Commodities Pvt. Ltd
06.2012 - 02.2013
- Company Overview: Trading company engaged in distribution business.
- Handling regular accounting work for North Bengal Segment, Monthly Book Closure, Cash Flow Analysis.
- Preparation of monthly financial, Unit wise financial, Statutory Compliance related to TDS, Service Tax, ROC etc.
- Establishing and Strengthening controls on Collection, Cash handling, Banking.
- Trading company engaged in distribution business.
Manager - Audit
Chunder Khator & Associates
05.2011 - 06.2012
- Company Overview: Internal Audit / Statutory Audit / Direct and Indirect Taxation for Corporate clients.
- Internal Audit / Statutory Audit / Direct and Indirect Taxation for Corporate clients.
Education
Chartered Accountant -
Institute of Chartered Accountants of India
05.2006 - 05.2011
B Com (H) - undefined
Calcutta University
06.2003 - 06.2006
Skills
Effective Time Management
Interests
Driving
Analysing Investor's presentation
Exploring new places
Timeline
Assistant Vice President - Finance
Axis Bank
10.2023 - Current
Associate Vice President - Finance
Kotak Mahindra Bank
04.2021 - 10.2023
Senior Finance Manager
Tata Capital Housing Finance Limited
01.2020 - 04.2021
Business Analyst
Digikredit Finance P Limited
10.2019 - 12.2019
Chief Manager - Finance
Reliance Home Finance Limited
09.2018 - 09.2019
Senior Manager - Business Analytics and MIS
Manappuram Finance Limited
03.2013 - 09.2018
Manager - Accounts
Madhuri Commodities Pvt. Ltd
06.2012 - 02.2013
Manager - Audit
Chunder Khator & Associates
05.2011 - 06.2012
Chartered Accountant -
Institute of Chartered Accountants of India
05.2006 - 05.2011
B Com (H) - undefined
Calcutta University
06.2003 - 06.2006
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