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Alinaqi Bhavnagri

Candidate ID: 1606028

Career Summary

CA / CS / CFA / Other Professional Degrees with 22 years experience in Accounts / Tax / CS / Audit / Finance functional area

Skill Set

Retail business,accounts, taxation, finance, audit facilitation, budgeting & statutory compliances

Professional Information

Total Experience : 22

Nationality : India

Qualification Level : CA / CS / CFA / Other Professional Degrees

Job Function : Accounts / Tax / CS / Audit / Finance

Work Location Preference : Kuwait, Bahrain, Oman, Saudi Arabia, Qatar, UAE

Detailed Profile

An accomplished and forward-thinking senior Management professional with over 22 years of experience and success in achieving revenue, profit and various business objective with turnaround in rapid changing retail industry and in streamlining financial operations, enforcing stringent financial controls, strategic financial planning, and strengthening internal procedure.Extensive experience in retail industry with high technical skills, which require deep understanding of critical business drivers in multiple product segment, markets and business models; highly successful in building relationship with upper level decision makers, seizing control of critical problem area. Second in line in leading team of more than 450 employee managing P&L for the Country exceeding $45 million. Also streamlining financial operations, enforcing stringent financial controls, strategic financial planning, and strengthening internal procedure.

Area of Expertise: Finance & accounting, Internal Control, Analysis, Budgeting, and Cost Control.


? Efficiently handle change management and crisis during downside of countries economy, protecting bottom line of the business
? Feasibility study and successful openings 4 big format stores with total retail area of 150 k Sq ft in 24 months.
? Deft in corporate planning, annual forecasting, budgets, monitoring actual expense and variance report resource management, and financial & administrative control in an increasingly competitive environment.
? Skilled in Finance & Accounts, Strategic Planning, Project Finance, Fund Management, Capital Budgeting, Auditing & Taxation, managing financial accounting, receivables & payables management, preparing ledger books, bank reconciliation statements and finalization of accounts.
? Proven history of providing valuable financial advice with demonstrated track record of consistently combining financial leadership with sound business practices to ensure improved bottom-line.
? Distinction of successful business financial process re-structuring, capacity planning, performance measurement and quality implementation of robust solutions to achieve operational excellence.
? Key competencies in defining SOP’s and introducing well-defined accounting/costing systems along with internal controls for systematic conduct of business in compliance with compliance standards.
? Meticulous in handling financial planning & performance analysis, designing KPI’s, business dynamics, developing, nurturing and strengthening teams by deploying evolving management practices and innovative thoughts.
? Skilled in developing and implementing financial controls to attain productivity improvements through change while displaying leadership, communication and hands on interpersonal style to establish rapport with all level people.


? Efficiently manage bottom line of the business which had serious threat in highly volatile economy, due to rapid changes coming in consumers buying behaviour.
? Consolidated warehouse operations under one roof to improve cost efficiency and productivity
? Re -structured few business divisions to improve operational efficiencies, productivity and cost control.
? Holds credentials in instigating Oracle Retail in Lebanon, including RMS, WMS, SIM, GDMS, RPM, REIM, and RESA.
? Successfully executed accounting and inventory system in Family shopping centre. Built in house inventory system for the better control of inventory besides executing Tally 7 for accounts.
? Organised & recognised the process for each transaction, including sales, purchases, payment, receipt, cash collection, cash deposit, Authority and the approval level for smooth functioning of all departments and timely completion of work in Danube Building Material FZCO by coordinating with Internal Auditors and PWC.
? Acted as a key player in better and faster reporting by participating in the MI Tool – Implementation of MI tool called TM1.
? Drove significant efforts in the implementation of SOP in KSA as well as met aims in submitting monthly, quarterly & annually financials.

Country DGM Lebanon - LANDMARK GROUP – Multibillion-dollar company, One of the largest Retail and hospitality organization in Middle east, Africa and India Since May 2016
? Managing $45 million business with 450 plus employee for the Country across all Concept/ Business divisions. Oversee team of 8 function head including Finance, Marketing, HR, IT, Supply chain and division business heads.
? Planning, and controlling all financial, securities, credit and reporting activities of the organization and creating annual plans that support strategic direction set by the board while correlating with annual operating budgets.
? Directing and overseeing all financial activities of the Company, including preparation of financial reports and reports to parent entity, regulatory bodies and management.
? Driving the organization’s fiscal strategy and working collaboratively with stakeholders to achieve organizational strategic goals through analysis/reporting of all aspects of commercial, financial input, forecasting and planning, managing and developing Finance & Accounts teams.
? Responsible for receivable management, Budgeting & cost controlling, devising segmental financial reporting to analyse operational results.
? Conducting mark down management by thorough analysis of margins and gross profit as well as advised on margin setting for fresh stock and discounted sales.
? Participating in the study of new projects by focusing on Break even points / sales breakeven; main cash flows and P/L accounts.
? Creating monthly MIS and interpret data to recommend ways of cost optimization and store performance improvement.
? Scrutinizing the income and expenses versus budget, track the variances, recommending corrective actions and following up on remedial actions to confirm the adherence to the budget as well as to upkeep the effective monitoring of performance within the budget.
? Harmonizing central with warehouse for consistently receiving, warehousing & delivery of product with concept service and cost objectives.

Finance Controller ? Al Yasra (Fashion Retail), Riyadh Aug 2012 – Apr 2016
? Sustained robust relationship with Sales/marketing/GM to prepare budget as well as issued timetable, synchronised, and organized the processes. Equipped template at store level, providing all historical data.
? Delivered insights an analyses to support with P & L for marketing activity, ensured returns are maximised by interacting with sales and marketing department.
? Safeguarded CAPEX budget is obey to and formats developed for post investment and analyses.
? Mentored the team in order to increase the productivity as well as provided business advice and expanded acceptance for proposed solutions.
? Constructed contracts and positive functioning relationships with lead financial personnel in other markets.
? Drove significant efforts in administering the funds by correlating with banks.
? Managed the responsibility for making SOP for all the areas to have check and control.
? Played a prominent role in handling financial Audits by networking with E&Y (Auditors).

Finance Manager ? Fawaz Al Hokair & Co. (Fashion Retail), Riyadh Jan 2007 – Aug 2012
? Spearheaded the entire finance & accounting operations, by developing commercial strategies for maximizing profitability and revenue gain in line with corporate goals.
? Designed and implemented financial strategies, budgets and business solutions to meet the organizational requirements whilst handling GL & financial planning, closing and analyst for MIS, and budgeting.
? Organised the budget by making monthly variance-actual to budget reports from company level to business unit to brand and to store level.
? Prepared reports on store profitability which comforts the management to take decision for closing the stores besides streamlining new stores / project analysis as to help management to make decision.
? Maintained seamless coordination with E&Y (Auditors) and completed the financial accounts audited quarterly and annually.
? Determined financial, designed & implemented systems, policies & procedures to facilitate internal financial control.
? Established the critical business success criteria & closely managing the business within the critical success criteria.
? Managed monthly financial statements for KSA & Consolidation of the International Business Financial Statements and other finance functions.


Accounts Manager ? Danube Building Materials FZCO Jul 2004 – Dec 2006

Manager (Accounts & Finance) ? Family Shopping Centre, Oman Nov 2002 – Jun 2004

Accounts Executive ? Diam Organic Chemical Industries Private Ltd Nov 2000 – Oct 2002

Article ? N. S. Virani & Co., Mumbai Jun 1997 – Jun 2000


? GUI Tools: VB 5.0 AND VC++ 4
? Data Access Technique: DAO, RDO, ADO & ODBC
? Operating System: WIN NT, WIN95/98 & UNIX
? Management Reporting: IBM COGNOS TM1 & Excel
? Accounting Packages: Oracle 12- EBS, Tally 7, 6.3, Infinity
? Analysing and Visualizing Data: Microsoft Power BI


? Certified in AI for Everyone by on Coursera, 2019
? C.A, Institute of Chartered Accountant of India, 2002.
? B.Com. (Hons.), Mumbai University, 1997. Secured 63%
? GNIIT (Visual Basic 5.0) Computer Course from NIIT, Mumbai


Date of Birth: 13th Dec 1976 | Nationality: Indian | Languages: English, Hindi, Marathi and Gujarati
Marital Status: Married | No. of Dependents: 4 | Passport Details: Z2121113 valid till June 2022
Visa Status: Lebanon Job Visa | Driving License: Saudi/UAE/Lebanon