Rahul Ratch

Munich Motors is one of the leading dealerships of the luxury automobile brands BMW - (Car & Bike) in Raipur, Nagpur & Indore (India) offering sales & service experience to its discerning clients. Manage processes for financial Forecasting, Budgets, Working capital, MIS, Operational procedures and establishing policies. Ensure that effective internal controls are in place and applicable government regulatory laws and rules for financial and tax reporting. Serves as a trusted advisor to the CEO, VP and Board of Directors and is a key member of the Executive Team. Leads preparation of financial reports necessary to show overall financial performance and analysis of monthly, quarterly, annual operating results with findings and recommendations to internal stakeholders, and coordinates development of action plans to address material variances. Implement and maintain disciplined strategic & financial planning processes and exercise effective management controls regarding revenue, expenses, capital expenditures, cash flow, ROI, EBITDA, margins, etc. Focus on increasing dealer profitability and process quality across all functions (Sales and Aftersales) as per BMW Group guidelines. Ability to develop cooperative and strong relationships with stakeholders, various levels of senior management, external partners, & colleagues. Leads both internal and external audits and periodic review of the company financial records. Minimizes inventory investment by analyzing turns; recommending inventory levels. Assist in liaising with Banks and Financial Institutions for setting up credit limits, short term & long-term borrowings and investments and fulfilling all the data requirement of all these FIs. Managing investor relations including investor reporting and assisting in equity fund raising activities. Additional responsibility for leading and directing the company’s IT and HR functions.

Evaluating business plans & strategies for maximizing profitability, revenue generation & realize organizational goals. • Managing finance functions like determining financial objectives, designing & implementing systems, policies & procedure to facilitate internal financial controls. • Instrumental in exercising strict budgetary controls over expenditure incurred & detailing the explanation of the expenditure variance report (Actual vs. Budget Expenses) & thus facilitating decision making process. • Liasoning with internal & statutory auditors for conducting periodic audits, evaluating internal control system to identify the flaws & internal necessary processes to overcome defects. • Monitoring the movements to key business indicators like Revenue, Gross Margins, EBITDA, Debtors, and Creditors & facilitate decision making process. • Engagement in ongoing cost reduction or profit improvement analysis in all area of company. • Supervise, train, guide & mentor team members for career development growth opportunities. • Receivable Management - Review with branches prepare action on collection, follow-up for payments, identifying risk or Bad debts, mitigation on same. • Contract negotiation with customer for the respective account. • Supervising timely & accurate internal audit readiness queries with perfect processes in each point of reference. Ensure compliance to company policies, practices & accounting standards. Achievements • Reconciled 2 year old pending issues with customers & collected more than 1.25 crore payments. • Set Billing process, Vendor payment process. This has supported in timely billing to customers & releasing vendor payments. • Streamlined existing ERP system for financial transaction. • Developed review process in excel to monitor monthly transaction & reports. • Recruited new positions.

• Conducting Internal Audits at stores across western & eastern region. • Preparation and presentations of Internal Audit reports. • Ensuring the compliance on SOPs, adherence to policies/guidelines and ensuring the processes, systems, internal controls are in place at stores. • Ensuring audits are conducted as per schedule designed. • Preparing Audit program and conducting due diligence. • Fraud transactions analysis and reporting. • Ensuring the internal control system are adequate, functional and in adherence to organization standards, SOPs, regulatory requirements and corporate policies. • Implementation, uploading and updating of Laser Audit Report System (LARS).

Major Attainments:  Handling 3 Units of Shoppers Stop Ltd, Raipur, Raipur Airpot & Crossword Bookstores Ltd. as Accounts Head.  Spearheading a team of 30 Team Members.  All transactions are captured and accounted on time as per Accounting Standards.  All accounting transactions and GL scrutiny.  Review of Accounts receivables and action plans on recover-ability of outstanding balances.  Ensuring strict closure of GL periods on timely basis after proper review to ensure no transactions left for accounting.  Monitor the timely preparation of accounts payable & receivable statements.  Co-ordinate with store and HO team to ensure proper and timely accounting of financial transactions with proper provisions.  Periodic review of transaction reconciliations and suggest measures for corrections/improvements.  Perform the monthly book closing & prepare the MIS reports other supplementary reports.  Co-ordinate with store and Corp Finance to ensure accounting of Assets and tracking of inter location movement.  Maintain records, registers & documents in order to facilitate internal & external audit.  Co-ordinate with Corp finance for closure of inter-unit and statutory liability reconcile for smooth closure of Quarterly /Half yearly /Annual closure of accounts.  Provide necessary inputs for Tax Audit.  Interaction with IT team for Navision/Oracle fin issue resolutions.  Set and evaluate KRAs for subordinate positions.  Ensure implementation of SOP"s in line with Accounting policies and statutory guidelines.  Bank Reconciliations and Vendor Reconciliations.  Facilitating learning & development of all team members.  Processing Bills Payable invoices.  Preparation & Review of Monthly reports.  Checking all invoices and releasing payments to vendors within the due dates.

General Accounting Tax Assessing Budgeting and Forecasting Financial Analysis and Reporting Handling ERP(Oracle based Software) Handling On–Line Tenders

o Handling Packaging division. o Strategic Marketing. o Product Development. o Marketing Analysis. o Deal with all Taxes. o Handling Logistics & Warehouse. o Event Management.