KHUSHAL BANSAL
Dubai,UAE
Summary
Results-driven Finance Professional with 18+ years of experience in MNCs, specializing in distribution, supply chain, and manufacturing finance within the consumer goods and IT industries. Knack for financial analysis and strategic planning. Demonstrates strong problem-solving abilities and exceptional communication skills. Offering a strong blend of analytical skills and financial acumen. Knowledgeable about budgeting, forecasting, and financial reporting with a keen eye for detail and accuracy.
Overview
22
22
years of professional experience
4011
4011
years of post-secondary education
1
1
Certification
Work History
Business Controller
Electrolux
Dubai, UAE
05.2023 - 06.2024
- Partnered with Country GM and Regional Sales Heads to develop and execute business plans aimed at driving organic growth
- Led the financial planning and analysis and reporting functions, and managed budgets of over $200 million annually
- Executed Cost optimization and strategic initiatives resulting in a 2% EBIT improvement
- Established and implemented robust frameworks for monitoring Key Performance Indicators (KPIs)
- Facilitated sound investment strategies by providing in-depth market trend analyses.
- Managed month-end and quarter-end financial close and reporting activities, ensuring accurate accounting, reconciliation, and adherence to corporate policies
- Collaborated closely with auditors during annual audit reviews for a smoother process.
- Led the implementation of new enterprise resource planning software (SAP) to streamline operations.
- Collaborated with the Treasury function to oversee cash management, trade finance, and working capital optimization, enhancing financial stability and operational efficiency
Senior Finance Controller
Jumbo Electronics LLC
Dubai, UAE
02.2022 - 04.2023
- Led finance and accounting operations, including Billing, AR, AP, inventory, FP&A, and working capital management
- Oversaw the preparation of timely and accurate financial statements in compliance with regulatory requirements.
- Provided commercial finance analytics, pipeline, orders, backlog, past due backlog, and sales
- Analyzed financial data, market trends, and business performance to identify risks, opportunities, and areas for improvement
- Managed DSO and inventories to optimize the working capital requirements
- Supported the business in large bids from tendering to the execution stage
- Led a dynamic team of 15+ professionals, fostering an environment conducive to growth and high performance
Finance Controller
Dell Technologies
Bengaluru, India
01.2012 - 01.2022
- Spearheaded operational Profit & Loss (P&L) management, month-end closing, and sales operations for the India consumer business, achieving an annual revenue of USD 800 million
- Developed business plans with the sales leaders, based on market research and data analytics, on new/emerging growth markets and new commercial strategies
- Managed Sales and Marketing operating expenses (Opex), investments, headcount, and sales quota target setting to drive sustainable and profitable growth
- Provided strategic guidance on product and procurement mix, executed effective pricing strategies, and accelerated time to market for enhanced profitability, demonstrating a strong strategic vision and business acumen
- Streamlined accounting procedures for increased operational efficiency.
Finance Manager
Nokia Siemens Networks
Mumbai, India
01.2009 - 01.2012
- Oversaw revenue, gross margins, operating expenses (Opex), and pricing strategies for the Vodafone Customer Account in the India Region, generating an annual revenue exceeding USD 500 million
- Successfully reduced past dues (AR) from 18 million to 2 million Euros by focusing on processes and customer engagement
- Introduced and managed IFRS technical accounting policies and best practices.
Finance Lead
Hewlett Packard and Company
Chennai, India
01.2005 - 09.2009
- Drove GM improvement by +3% guiding on product/proc mix, pricing, and time to market
- Led GTM analysis, sales/store productivity and cost-benefit analysis
- Directed business strategy to drive profitability, using comprehensive knowledge of finance and economics.
- Served as lead Auditor Sarbanes Oxley (SOX) program for the EMEA and APJ regions
Finance Officer
Bharti Telecom| MTNL
New Delhi, India
01.2002 - 01.2005
- Supported financial analysis for effective decision support
Education
Certified Internal Auditor - Audit
Institute of Internal Auditors
USAChartered Accountant - Finance
Institute of Chartered Accountants of India
IndiaSkills
- SAP/TM1/ARRO
- PowerPoint
- Budget management
- Cash flow modelling
- Financial analysis
- Project evaluation
- Financial modelling
- Advising executive leaders
- Pricing and costing
- Supply chain finance
- Knowledge of IFRS
- Advanced excel usage
- Power BI
- Power Query
Certification
- Business Finance Program, Indian Institute of Management Ahmedabad, 02/2016
- Leadership Development Program, Indian Institute of Management Bangalore, 02/2021
Languages
English
Hindi
Achievements /Awards
- Dell Champion Award, Dell Technologies, Global CEO Award for exemplary leadership and driving business transformation & cost optimization Initiatives resulting in savings of Over $20 Mn
- "Cash is King", Nokia Siemens Networks, Recognized for significantly improving project asset turnover days, thereby enhancing net working capital efficiency.
Timeline
Business Controller
Electrolux
05.2023 - 06.2024
Senior Finance Controller
Jumbo Electronics LLC
02.2022 - 04.2023
Finance Controller
Dell Technologies
01.2012 - 01.2022
Finance Manager
Nokia Siemens Networks
01.2009 - 01.2012
Finance Lead
Hewlett Packard and Company
01.2005 - 09.2009
Finance Officer
Bharti Telecom| MTNL
01.2002 - 01.2005
- Business Finance Program, Indian Institute of Management Ahmedabad, 02/2016
- Leadership Development Program, Indian Institute of Management Bangalore, 02/2021
Certified Internal Auditor - Audit
Institute of Internal Auditors
Chartered Accountant - Finance
Institute of Chartered Accountants of India
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