Bhardwaj - Budgeting - Muscat, Oman

Neeraj Bhardwaj

Muscat, Oman



  • Full time
  • Part time
  • One time
  • Contract
  • Temp


Budgeting and budgetary control. Long term Business plan and rolling estimates . Product and project feasibilities.
Periodical budget and business plan review and presentation at Board level.

Work History

General Manager

From October 2012

- Territory of one of the largest retail companies in the middle east I am responsible for:
➢ Accounts, finance, MIS, Budget and business plan.
➢ Imports, logistics & Warehousing.
➢ Retail Projects, rent negotiation
➢ Information technology.
➢ Inventory planning, Seasons sales through, Gross Margins management
➢ New stores feasibility and control.

My role as Head-Accounts & MIS

April 2007 - October 2012

of one of the largest retail groups in middle east is to ensure maintenance of proper group budgets, group accounts and timely submission of group financial MIS. The key responsibilities include:

> Over all responsibility of accounts & MIS department of the group (60 group
Companies, Eleven countries & 1200 retail stores) and handling a team of 42
> Preparation of annual budgets & long term business plans.
> Analysis of Budget Vs actual monthly financials & co-ordinating review
> Board Presentations and part of business segment reviews.
> Established system for financial control & implementation of finance manual.
> Statutory audit, consolidation & finalization of year end group accounts.
> Initiating cost reduction & cost control activities.
> Initiated credit rating exercise for the group.
> Gross margin planning & monitoring.
> Territory wise, Store wise, product segment wise profitability analysis and

Head Cost Management

Minda Industry Limited

From March 2004

, manufacturers of two wheeler automotive components & switches was to ensure optimum cost for each element of product, process & service in the company. The key responsibilities include:
> Over all responsibility of Accounts & costing departments of four plants.
> Working capital management & dealing with banks.
> Establishing system for product & development costing & cost control.
> Product wise profitability analysis.
> Initiating VA/VE proposals.
> Budget & budgetary control.
> Monthly Management Accounts & Variance analysis.
> Statutory Audit & Year end accounts finalization.
> Project report preparation & arranging funds.
> Inventory Management & control.
> Receivables & payable control & analysis.
> Capital budget control & asset management.
> Insurance & Insurance claim handling.
> Internal Audit of five plants & control.

Funds management

JK Foods UK

October 2002 - July 2004

, NOTTINGHAM, UK (a division of Hyperama Plc) with direct reporting to Director (Finance). The key responsibility areas include
> Preparation of annual budget and monthly reviews.
> Funds management & control.
> Audit planning, coordination & setting target dates for audit.
> Intrastate, Vat returns & reconciliation with accounts.
> Inventory control & stock takes.
> Monthly MIS & variance analysis.
My main value addition has been the development of good internal controls and generation of new MIS reports for improved decision making of management. Some of them have been:
> Development of new inventory reports for analysis (Slow & non-moving
> Introduction of perpetual stock takes through bar codes.
> Establishing imports ordering cycle.
> Gross profit margin management.

GY. General Manager Accounts & Costing

Mindarika Ltd

Up to September 2002

During my tenure with Mindarika Ltd a QS 9000 certified Indo-Japanese Joint Venture company engaged in the manufacturing of auto electrical switches with Technical & Financial Collaboration of Tokairika Limited of Japan I had under mentioned key responsibilities:
> Over all responsibility of accounts & costing departments with ten subordinates and directly reporting to managing director.
> Co-ordination with auditors for year end accounts finalization.
> Royalty calculations under TAA agreements.
> Review and timely renewal of all the Insurance policies.
> Preparation of annual budgets & conducting review meetings.
> Product costing of all the product variants & financial feasibility analysis for new
> Monitoring & reporting of product development cost.
> Costing of In house manufactured tools, dies & moulds.
> Sourcing of short-term funds from banks and documentation for all the short term
> Managing Cash Management System & forex management.
> Internal audits, stocks take, Capital expenditure control.
> Monitoring cost reduction budget.
> Monthly MIS to Tokairika, Japan.


Oracle WMS & OPOS

Key member of the team for the implementation of WMS for a G+3 25,000 sq.m warehouse and OPOS implementation in 40 retail stores .

Baan ERP Implementation

Worked as the project manager for the implementation of ERP in manufacturing company .

Qualifications & Certifications

K.V ,Jalandhar ,Punjab,India


Institute of Chartered Accountants of India

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