Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
Generic
Kshitij Bhatnagar

Kshitij Bhatnagar

Chief Financial Officer
Bangkok,Bangkok

Summary

13 Years of expertise in optimizing fiscal health and transforming business decision making through data insights and automated reporting. Strategic business partner to C-suite executives, advising on impacts of potential decisions. Currently working as Chief Financial Officer in manufacturing site Indorama Polyester Industries, Thailand. Responsible for handling entire finance and accounts/ production planning operations for the site with over $175 million turnover, leading a team of 20+ highly motivated colleagues. Domain exposure across manufacturing sector (Textiles, Pet Resins, Recycling & Automobile Sector)

Proficient Chief Financial Officer knowledgeable about financial leadership and operational needs. Resourceful and tech-savvy decision-maker with a deep understanding of market conditions.

Overview

14
14
years of professional experience

Work History

Chief Financial Officer

Indorama Polyester Industries
07.2015 - Current
  • Company Overview: IVL is one of the largest vertically integrated polyester chain producers in the world
  • Monthly closing activities finalization of Hyperion (Consolidation tool)
  • Measuring business performance by preparing division-wise and consolidated monthly MIS and analyzing key parameters driving profitability and returns to stakeholders
  • Net Working Capital Management - Ensure continuous improvement with lean working capital requirements - Maximize AR financing - Extend payment terms with suppliers - Optimize Inventory Days
  • Build future ready finance function capabilities (tools, skills etc.) aligning with objectives of Corporate
  • Cost Excellence - Drive Continuous Improvement projects to achieve a sustainable run-rate of savings contributing towards the bottom line.
  • Change Management - Business transformation through corporate led and in-house projects
  • Presenting monthly business reviews to Senior and Top Management
  • Coordinating with senior leadership of business for strategic input and playing active role in various business projects
  • Anchor capabilities to improve predictability of outcomes (e.g., rolling forecast and budget predictability)
  • Creating & sustaining a dynamic environment that fosters the development opportunities and motivates the high performance amongst the team members
  • Leading Production and Planning department
  • Reporting structure: Reporting to Segment CFO's and Site Head. Currently leading 20+ team members in Thailand and India

Assistant Manager Finance

JAMNA AUTO INDUSTRIES
01.2014 - 01.2015
  • Company Overview: Jamna Auto Industries Limited is trusted manufacturer of suspension for Commercial Vehicles.
  • Consolidation of data. Preparation of Monthly MIS i.e. Profit & Loss A/C, Sales Report & other reports for the Management.
  • Analysis of various reports on monthly basis for MIS such as Monthly P&L, Sales Report, BEP Report, Corporate Cost, PBT Walks along with comparison with Business Plan & Outlook for 5 sites
  • Complete analysis of Business. Preparation of Contribution chart on individual plant level as well as on consolidated level.
  • Assisting the Group CFO in reviewing and improving financial as well as internal control.
  • Preparation of Feasibility Study report for various projects in India as well as international which Includes computation of IRR, Payback period and determining whether projects are feasible or not.
  • Streamlined month-end closing process by automating tasks and establishing clear deadlines.
  • Conducted in-depth financial analysis for strategic decision-making purposes, providing actionable insights for senior management team members.
  • Reporting structure: Corporate role- Reporting to Group CFO

Assistant Manager Finance

Elin Electronics LTD
01.2012 - 01.2014
  • Company Overview: Elin Electronics is one of the top leading Electric Motor Manufacturers in India
  • Finalization of Accounts & Financial Statements.
  • Preparation of Balance Sheet, P&L, Cash Flow and other notes to accounts. Assisting auditors during Statutory, Tax and Internal Audit.
  • Prepare ad-hoc reports on Microsoft Navision ERP as required by the management and auditors.
  • Preparation of Monthly MIS for the Management at consolidated level
  • Reporting structure: Corporate role- Reporting to CFO

Education

Accounting And Finance

Institute of Chartered Accountants of India
Jaipur, Rajasthan
04.2001 -

Bcom -

Rajasthan University Jaipur
Jaipur, Rajasthan
01.2008

High School Diploma -

ICSE & ISC Board
Jaipur, Rajasthan
01.2005

Skills

Accomplishments

  • Benchmarking and performance monitoring: Establish and use consistent KPIs, dashboards, and reports to benchmark performance, identify improvement opportunities, and keep up with leading-edge technology
  • Cost saving & Business report: Working with BCG on implementation of various projects
  • Cost Excellence: Drive Continuous Improvement projects to achieve a sustainable run-rate of savings contributing towards the bottom line.
  • Net Working Capital Management: Ensure continuous improvement with lean working capital requirements - Maximize AR financing - Extend payment terms with suppliers - Optimize Inventory Days Heading Finance / Accounts / MIS / Costing / Production Planning with over 20 team member strength
  • Leading and presenting monthly / quarterly business reviews to the senior and top management
  • Directed financial analysis, accounting operations, internal and regulatory reporting, budgeting and forecasting that led to long-term & short-term improvements in cost savings, profitability and productivity

Timeline

Chief Financial Officer

Indorama Polyester Industries
07.2015 - Current

Assistant Manager Finance

JAMNA AUTO INDUSTRIES
01.2014 - 01.2015

Assistant Manager Finance

Elin Electronics LTD
01.2012 - 01.2014

Accounting And Finance

Institute of Chartered Accountants of India
04.2001 -

Bcom -

Rajasthan University Jaipur

High School Diploma -

ICSE & ISC Board
Kshitij BhatnagarChief Financial Officer