Raajeshwar Trichy Ramamoorthy
CFO/Finance Business Partner/FP&A Manager/Finance Manager/Controller
Location: Coimbatore- India
+91-88079 21690
sairaajeshwar2023@gmail.com www.linkedin.com/in/raajeshwar
PROFILE SUMMARY
Seasoned professional with over two decades of expertise in Luxury Retail Trading, Construction, and Manufacturing sectors, overseeing comprehensive financial and accounting operations.
Drove company revenue by QAR 2M by cross-selling and reducing operating costs by 20% by optimizing the workspace.
Acted as a finance business partner to the CEO and Board, providing critical support in formulating growth strategies and delivering comprehensive financial insights that enabled informed decision-making and alignment with corporate objectives.
Successfully managed multiple functions, including budgeting, forecasting, variance analysis, cash flow monitoring, risk mitigation, MIS reporting, statutory audit, corporate tax regulations (VAT/GST) & and compliances, and receivables/payables management, resulting in improved financial controls, and streamlined processes.
TRANSFERABLE SKILLS
Problem-Solving Negotiation Creative Thinking Attention to Detail
Finance Business Partner Team Leader Data Analysis & Internal Controls Stakeholder Management
EDUCATION & CREDENTIALS
CMA (USA) from The Institute of Certified Management Accountants, USA ( At par with ICWA of India) (
Major in Budgeting and Financial Analysis, Cost Management, and Performance Measurement )
ICWAI - from The Institute of Cost and Works Accountants of India, Kolkata ( Finalist)
( Major in Advanced Accountancy, Business Maths & Statistics, Cost Accounting, Business Law)
B.Com. from St. Joseph’s College, Tiruchirappalli, Tamil Nadu, India
( Major in Principles of Accounting, Cost Accounting, Business Law, Income Tax Law, Auditing)
KEY RESULT AREAS
Financial Strategy: (10 Years Experience)
Developed and executed financial strategies aligned with the company's long-term goals, ensuring financial sustainability and growth.
Optimize capital allocation to support business growth and financial stability.
Budgeting and Forecasting: (15 Years Experience)
Oversaw the preparation of annual budgets, and periodic forecasts, and provided accurate and timely financial information to the CEO and Board.
Prepared monthly and quarterly financial analyses of operational results and tracked the financial performance in coordination with the Business Unit Heads, and Project Managers; mapped the undesirable variances & and ensure quick resolutions.
Financial ( Performance) Reporting: (15 Years Experience)
Prepared comprehensive financial MIS reports including robust financial modeling, income statements, balance sheets, and cash flow statements, per accounting standards.
Worked constantly towards improvisation of the Management ( Performance, MIS) Reporting for highlighting trends, opportunities, and potential risks.
Implemented cost-saving initiatives to improve operational efficiency (OPEX) and maximize profitability in capital projects.
Developed the Group’s consolidated periodic financial reports and analyzed key financial ratios/metrics for each BU.
Auditing and Taxation: (15 Years Experience)
Coordinated with internal and external auditors to facilitate audits and maintain compliance with tax regulations.
Compliance and Credit Risk Management: (10 Years Experience)
Ensured compliance with financial regulations, accounting principles, and internal controls, while proactively identifying and mitigating financial risks.
Led the organization’s insurance program to safeguard the company with the help of risk coverage from losses or damages.
Cash Flow Management(Treasury Functions) & Relationship with banks: (15 Years Experience)
Conducted reviews on a bi-monthly basis to track the activities of account receivables, payables, account reconciliation, and inventory, to improve the cash conversion cycle and ensure the availability of funds for operations.
Managed negotiations with the banks for working capital requirements, ( Bank Guarantee, Letter of Credit, Term Loan) and track the annual renewal process to suggest a reduction in interest rates and management fees.
Ensured the covenants are within the limits as prescribed by the banks.
Capital Investment Analysis : (7 Years Experience)
Evaluated potential capital investments (new showrooms/warehouses) and expansion projects, conducting thorough financial analyses to assess their viability and return on investment.
Team Leadership: ( Ability to derive results from the multi-disciplined team) (15 Years Experience)
Led and developed a high-performing finance team ( Team of 8), fostering a culture of collaboration, continuous learning, and professional growth.
Developed policies and procedures.
Established a Finance Committee to discuss accounting issues, journal entries in the accounting system, GAAP, IFRS implementation, Finalization of Accounts ( Year-End Close), and completion of the audit.
Process Improvement: (5 Years Experience)
Identified opportunities to enhance financial processes, systems, and reporting to drive efficiency and accuracy within the finance department. s
WORK EXPERIENCE
April 2022- Till Date Samithra Lifestyle Private Limited-Coimbatore-India ( A Startup recognized by Govt of India)
Highlights of Head of Finance & Admin :
Negotiation: Negotiated and obtained INR 0.20 Million in bank credit facilities to support operational needs, enabling timely execution of strategic projects and ensuring financial stability.
Cost Optimization: Outsourced sub-contractors for contract manufacturing, optimized supplier selection process and negotiated favorable terms, reduced production costs by 15%, and achieved INR 500 K in annual savings.
Creative Thinking: Drove a 25% monthly sales growth by executing digital marketing campaigns, optimizing SEO, and implementing targeted offline marketing strategies, resulting in a revenue increase of INR 300K in 6 months.
Team Work: Collaborated with auditors to monitor GST and Income Tax compliances, proactively identified and resolved potential issues; achieved 100% compliance and avoided penalties or fines.
April 21-Feb 22 Macmet Al Khaleej Constructions - Qatar
Highlights of Chief Financial Officer:
Team Work: Implemented effective receivables collection strategies with the collection department, negotiated with clients, and recovered QAR 0.300 million in long-pending receivables.
Problem-solving: Streamlined payables process to accelerate invoice processing, resulting in the clearance of QAR 0.200 million overdue payments within a 30-day timeframe.
Process Improvement: Led the development and implementation of a comprehensive workflow to analyze the project’s profit and loss, effectively mitigating a loss of QAR 0.200 million through strategic cost optimization and revenue generation strategies.
May’19 – Apr’20 Al Shamlan Holding - Qatar (5 units -Carriage Eqpts, Power Tools, Watches, Tyres and Service)
Growth Path
May’19 – Sep’19 Group Finance Manager ( Acting GFM)
Oct’19 – Apr’20 Group Finance Manager (GFM)
Joined the organization as Sr. Accountant and moved on upward career trajectories, to merit multiple promotions to the position of Group Finance Manager.
Highlights as Group Finance Manager:
Negotiation: Conducted effective negotiations with banks to avail low-interest rates on Overdrafts, Term Loans, and management Fees, which led to a saving of QAR 0.10 million annually
Data Analysis: Submitted a proposal to save an annual interest of QAR-0.325 million by identifying immovable property with no rental income while reviewing group financial statements.
Finance Business Partner & Inventory Control: Analyzed the excess inventory in 2 business units and indicated the impact of yearly interest of QAR-1 million on such excess inventory (paid stock for these units); suggested BU Heads and take control of purchases.
Problem-Solving & Finance Business Partner: Conducted a thorough analysis of a high DSO of 190 days with the collection department, optimized the dunning process, reduced DSO to 150 days in 60 days, and significantly improved cash flow and financial stability.
Highlights of Acting Group Finance Manager:
Stakeholder Management & Problem-Solving: Provided recommendation to the management (CEO) for purchasing a warehouse on one of the group entity names, where no debt has been registered yet, to save QAR-2.2 Million per annum as warehouse rent.
Attention to Detail ( Cost Optimisation): Monitored non-performing immovable assets within group entities, advised on strategic disinvestment decisions to CEO, and directed sale proceeds of QAR-2.5 million towards prepayment of long-term loan, significantly mitigating interest costs.
Critical Thinking (Process Improvement): Successfully drafted a mechanism for new customers’ credit limits by verifying credibility at the group level, banks, credit bureau reports, and legal documents to mitigate the legal risk (unpaid dues) currently at Qar-3.5 million.
Feb’07 – Apr’19 Marzooq Shamlan & Sons WLL, Doha-Qatar ( Luxury Retail)
(One of the five entities of Al Shamlan Holding Co.)
Growth Path:
Feb’07 – Jan’18 Senior Accountant
Feb’18 – Apr’19 Accounts Manager
Highlights:
Problem-Solving ( Loss Prevention): Recommended to stop the operations for the loss-making units with no scope to revive/ increase the sales or reduce the rent and having no provision to shift to less occupancy area; suggested a strategy to save QAR 3 Million loss.
Stakeholder Management ( Loss Prevention): Recommended to the CEO against participation in the Trade Fair to avoid a loss of around QAR 2 Million as the sales & and bulk orders would not match the cost of the Trade Fair stall.
Sep’05 – Jan’07 Sri Ranganathar Industries (P) Ltd, Coimbatore, India as Sr. Officer - Accounts
Jul’04 – Aug’05 Bhatia General Contracting Company LLC, Dubai, UAE as Accountant
Jan’99 – Apr’04 Sri Lakshmi Precision Tools Ltd, Coimbatore, India as Jr Officer – Accounts
COMPUTER SKILLS
Microsoft Office Word, Power Point,- Advanced Excel ( XLOOKUP, INDEX MATCH, PIVOT TABLES ………)
Led Epicor software-ERP system implementation and having working knowledge.
CERTIFICATION & PUBLICATION
Successfully authored an article on ‘Importance of Working Capital Management’ in the organization’s quarterly newsletter, 2014.