Rakesh Shukl
Faridabad
Summary
Experienced financial professional with proven track record in driving financial planning, analysis, and reporting for various organizations. Demonstrated expertise in creating effective computer spreadsheets, building strong teams, and maximizing resources for project completion. Specializes in revenue projections, income analysis statements, and handling audits. Seeks to leverage expertise in a business controller role to propel organizational growth and enhance operational efficiency.
Overview
33
33
years of professional experience
1
1
Certification
Work History
GM- Finance
ABP Network Pvt Ltd.
10.2016 - Current
- Directing a team of 10 members and steering Sales & Collection & Credit Control and Accounts payable and Supply chain Department at Pan India level
- Heading the negotiating with spotlight vendors, guests, make up contractors, agencies and transporters for competitive rates /savings
- Supervising the team for timely & accurate billing on fortnightly basis including IRN generation & collection from agencies as per credit period
- Instrumental in complete automation of the visiting guest billing process
- Managing the channel partners performance and pushing them to deliver max
- Numbers
- Leading the credit control function in compliance with the IBF & IAMAI guidelines
- Establishing Annual sales targets in coordination with CRO and measuring actual performance with variance reporting region wise/ channel wise
- Monitoring the editorial cost against the budgets (LAP)
- Managing the various revenue MIS including SPOT Manager, Deferred Revenue Report, PDD and ICFR periodically
- Tracking foreign debtors in compliance with the RBI guidelines for write-off and reporting outstanding (Forex Currency) on quarterly basis to bank
- Supervising the reconciliation of Revenue GL balance in SAP with the primary source bill register on quarterly basis
- Projecting collection on monthly basis and measuring the actual collections on day-to-day basis against the same
- Representing the company in IBF and IAMAI meetings
- Sharing data to PWC portal for output tax liability (GST)on monthly basis in respect of billing from all the plants/ registrations
- Managed SAP implementation (Media Sales and Distribution Module) and GST implementation in 2017 and IRN/QR Code implementation in Oct’20 within the deadline as per GST
- Automated billing process by ideating & implementing the interface between SAP and pre-bill operating software for economies and accuracy
- Established entire digital accounting, billing and collection process including the standard approval process to prevent the revenue leagues and the process is well audited and certified by statutory and internal auditors
- Contributed towards rationalisation & simplification of revenue MIS pack
- Established smooth reconciliation process for TDS reconciliation’s 26AS vs
- Accounting in books bases payment advice
- Pivotal in drafting the employees tax saving schemes and restructuring the compensation package accordingly
- Proactively escalated problematic customers to the higher authorities
AGM (RMD, Accounts) Corporate
Bennett Coleman & Co. Ltd.
04.2006 - 09.2016
- Managed SAP implementation (Media Sales & Distribution Module) through coordination & interaction with SAP Core Team
- Recipient of appreciation certification from CEO and Director of the company for outstanding performance and commitment to BCCL
- Played a key role in:
- Unearthing a fraud
- Inculcating financial discipline for recording various selling and distribution expenses in the Circulation Department like transportation cost, courier cost, lab our cost/mail room cost
- Maintaining the records as per the ABC (Audit Bureau of Circulation) and RNI (Registrar of Newspapers of India) guidelines to ensure zero disqualification of copies
- Introducing subscription coupon scanning system
- Introduced tendering process for Airfreight, loading -unloading at railway stations and transporters, which resulted savings of more than 3 crores per annum
- Contributed to streamlining the processes related to
- (a) Waste rate determination
- (b)Reader Relation Executive Salaries Process
- Subscriptions booking forms standardization along with scheme calculations
- (d) NRR (net realisation rate) sheet on Pan India basis
- ( e) Automated the Transporter payments
- (f) Automated the collection accounting and reporting
- (g) Account block alerts for the dealers, if the security deposits become lower than 3 months billing
- (h) Escalation of Problematic Customers to the Higher Level to Minimize the Bad & Doubtful Debts
Sr. Manager (Finance & Taxation)
Alchem International Ltd.
07.2001 - 03.2006
- Played a key role in:
- Providing the smooth integration of the TDS function with the ERP package resulting in saving time in extracting TDS Reports/Certificates
- Managing the submission of ITR of the company and the owner’s
- Resolution of workman dispute at level of labour cum reconciliation officer at Pushp Vihar, New Delhi
- Review of the Insurance cover for plants/office for adequacy, which helped in saving of 50 lacs for the company
Manager – Accounts & Taxation
Beco Engineering
07.1999 - 06.2001
- Played a major role in developing the system for extraction of relevant financial information/data for Machine Model wise Costing for quoting/negotiating the Price to/with the proposed buyer
- Streamlined the system of Collection of relevant information for computer generated TDS Certificates & returns
- Successfully resolved enquiry u/s 7A of EPF and Miscellaneous provisions Act, 1952 (amended para 26 of the Employees provident Funds scheme 1952 at the level of Regional Commissioner grade 1 Faridabad.)
Consultant
Council for Leather Exports
10.1997 - 06.1999
- Provided strategic assistance to the Members Exporters in Northern region (Delhi, Agra, Jallandhar, Chandigarh and Jaipur) on All Industry Rate of Duty Drawback and Brand rate of Duty drawback for Leather & Leather Products
- Instrumental in getting the levy of Anti-dumping duty on Imports of Casual /Sports shoes from China
- This is achieved by coordinating with the all the members of CLE on Pan India basis for collection, compilation and analysis of the relevant data/financial reports to prove injury to the domestic industry before the Director, Antidumping
Assistant Manager – Accounts
J.R Industries
12.1991 - 09.1996
- Played a major role in streamlining the accounting system & related functions.
Education
Bachelor of Commerce -
Chartered Accountant
Skills
- Skilled in SAP, Microsoft Office, and Wide Orbit applications
- Process optimization
- Audit coordination
- Proficient in revenue leakage prevention
- Revenue center management
- Compliance management
- Experience in corporate governance
- Budget management expertise
- Collaborative team management
Accomplishments
Received appreciation from Chief of Human Resources for preventing the revenue leagues
Implemented tendering process which resulted saving 30% in airfreight and transport cost
Received Appreciation from CFO for timely and efficiently completing the Statutory audit
Received certificate from CFO and Director for outstanding performance and commitment to the organization
Received appreciation from CFO and CEO for successfully and timely implementing IRN
Certification
- Participated in Emerging leaders programme 1 and II, by ISB Hyderabad in 2011 and 2013
- Participated in Financial Value programme by ISB Hyderabad in 2015
- Participated in Dr. Edward de Bono’s lateral Thinking Course by Dr Sunil Gupta
Timeline
GM- Finance
ABP Network Pvt Ltd.
10.2016 - Current
AGM (RMD, Accounts) Corporate
Bennett Coleman & Co. Ltd.
04.2006 - 09.2016
Sr. Manager (Finance & Taxation)
Alchem International Ltd.
07.2001 - 03.2006
Manager – Accounts & Taxation
Beco Engineering
07.1999 - 06.2001
Consultant
Council for Leather Exports
10.1997 - 06.1999
Assistant Manager – Accounts
J.R Industries
12.1991 - 09.1996
Bachelor of Commerce -
Chartered Accountant
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