RONAK JAIN
Summary
To work in a challenging professional environment and thereby utilize my talents, analytical abilities to build my career in a growing organization that will provide exciting opportunities to hone my skills and become an asset for the organization.
Overview
7
7
years of professional experience
Work History
Executive Assistant to CEO
RCM Business Group (Fashion Suitings Pvt Ltd- Turnover 1800 Cr)
04.2017 - Current
- Working closely with the CEO of the organization to identify and overcome the challenges faced by the different departments of the organization
- Handled various role for different departments in the above tenure for the group which are mentioned below: 1
- Executive Assistant to CEO - Developing an understanding of the business, competitive positioning, strengths, weaknesses, opportunities, challenges
- Facilitate the business planning cycle and providing strategic support to management
- Supporting CEOs office in strategy formulation by business process reengineering - Providing decision support to business by evaluating and analyzing business performance; reporting financial analysis, monthly MIS reviews, variance analysis, working capital & profitability analysis - Business Research, Competitive Benchmarking, Data Analysis, Business Intelligence, BI Strategy, Business Analytics, Operational Excellence
- Manage communication with employees by liaising with internal and external executives on various projects and tasks
- 2
- Procurement & Commercial - Tracking the Malaysian & Indonesian Palm Oil Market i.e., 'Price Drivers' Fundamental Factors - Production (In MT), Rainfall, Stock Levels, Govt Policies, Similar Data of other vegetable oil(s) and also conducting technical analysis (CPO, USD/INR, Crude Oil) to plan the sourcing of palm oil derivatives and rice bran oil
- Represented Company on Globe Oil Event - Development of new suppliers to ensure there are at least 2 alternate sources of supply for each rm, pm
- Developing and executing market schemes, incentive policies for company & depots as per Business Plan - Working closely with Sourcing head to identify opportunities for taking inventory positions basis inflationary / deflationary trends (Forward/Spot Booking) - Optimization done on working capital requirements based on Fundamental & Technical Analysis of Commodity/RM, Payment Terms & Credit Policy Standardization - Key Projects Handled from Idea Inception to Final Handover: Cosmetic Plant, Fabric Care Plant, Edible Oil Plant, Blow Moulding Plant, Food Plant- Storage, Mfg & Unit
- Initiated Cost Savings Project from RM/PM/BOM/Power Optimization and generated savings of Annually 15 Crore
- Initiated Various Improvement Plans from Change in PO Terms, Defining Credit Policy, Safeguarding Company Interests via Agreements 3
- Legal & Liasoning - Handled Registration/Renewals/Return Filing/Compliances of various acts/laws such as Trademarks, Legal Metrology, FSSAI, Pollution, TDS, Factory Act, MSME, IEC
- Successfully obtained various subsidies from the State and Centre
- Company representative for various disputed matters at commercial courts
- 4
- Accounts & Finance - Analyze monthly financial statements - current and past data (balance sheet, income statement, and statement of cash flows) and effectively convey analysis to HOD/Management
- Coordinating, directing the preparation of the annual budget and forecasts of organization and respective department and report variances to HOD's and management
- Incorporated various companies (Sister Concerns) to get Income tax and gst benefits
- Submission of response for the queries raised by Stat Auditor/Department
- Prepare an analysis of financing needs for major capital equipment purchases, working capital, and other financing needs - Evaluating financial risks and preparing financial forecasts - Identify and research variances to forecast, budget, and prior-year expenses, proactively identifying opportunities for improvement 5
- Treasury/Wealth Management - Continuous monitoring/churning of Company's Portfolio to ensure company profiles and returns remains consistent with expectations
- Analysis of potential investments covering all aspects of risk and perform fundamental and technical analysis of industry, sector, and the investment opportunity - Preparation of Project Report for taking term loan/cc from banks for the group and raised 40 Crore for entire group for different projects
- Deployed Promoters Capital in Capital Markets (20 Crore) and generated reasonable returns from Derivatives Trading (Hedged), Private Equity, Debentures
- 6
- MIS, Internal Audit, FP&A - Developed reporting format for HOD's which is in line with the assigned KPI
- Create presentations that provide insightful analysis, identify required action items, and effectively frame decisions to be made - Hands-on experience in preparation of Financial Budget, Business Plan, MIS, and outlook for the Company - Gross margin analysis and forecasting - Which directly impacts product pricing decisions - To review crucial cost drivers such as conversion cost, OEE and ensure that variance is timely communicated to operations team
- Note: Introduced 'PLIS' - Incentive proposal for Employees to boost productivity
- Drive financial analysis for new products development (NPD) pre-launch prioritization and post-launch assessment - Financial analysis to facilitate identification of right opportunities and valuations; project assessment, due diligence or execution involvement as required - Identify and reduce all business and financial risks through effective implementation of internal controls
- Designed an internal audit plan (For upcoming 2 Years) covering key aspects of all departments
- Provide inputs for improvements in internal control systems, processes, avenues for cost savings and revenue leakages
- Coordination with external agency/stakeholders to develop SOP for the respective department(s) of organization and ensuring implementation of the same - Analyzing financial and operational results of targets through the preparation of various analysis by reviewing accounting records - Make vs Buy Call for the Loss Making Products - Analyzing of Products rate and margin of new and existing, Competitor's product, price & margin also review the stock.
Education
ICSI
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CFA
ICAI
Skills
- Administrative Support
- Executive Support
- Office Management
- Information confidentiality
Phone
- Mobile, +91-9785732732
- Mobile, +91-8369247137
Personal Information
- Date of Birth: 10/07/1993
- Marital Status: Single
Timeline
Executive Assistant to CEO
RCM Business Group (Fashion Suitings Pvt Ltd- Turnover 1800 Cr)
04.2017 - Current
ICSI
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CFA
ICAI
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