Rahul Kamat Email & Phone Number

London, Gb

London Area, United Kingdom

Delivered first quarterly forecast for IFRS16 lease debt (£1.8bn) and Fixed Asset (£4.5bn) portfolio and related P&L & cashflow movements (£1bn) with more than 95% accuracy within 2 months of joiningImproved the accuracy of forecasting by building a model to forecast property wise lease debt / Right of Use asset movements for 480+ lease properties for 3 years of the business planDeveloped scenario analysis for 30+ regears, providing leadership with real-time insights into debt coverage ratios, delivering results within 24 hoursRefined the monthly cash forecast of Capital Paid by 15% by automating the quarterly forecasting of Capital Paid by using scenario modelling Increased the modularity of the lease debt model by integrating regear & rent review calculations in the lease debt workingProduced 50+ insightful commentaries every month for variances against budget, and forecast & last year within 2 working days while managing forecast deadlinesAdvised Commercial Finance teams on accurate recognition to ensure that IFRS16 lease debt and related movements in the business plan for 3 yearsEducated commercial finance team on financial statement effects of IFRS16 & using scenario modelling to build IFRS16 and fixed assets forecast modelsProvided business ideas to strategy & innovation team for growth of the business in emerging marketsHighlighted risk worth £2m due to change in the accounting treatment of a new IFRS16 leaseReconciled division wise Lease Debt by property with the balances in HFMEarned positive feedback from Property & Commercial Finance stakeholders

Lancashire, England, United Kingdom

Finance Business Partnering assignment with NHS focused on analyzing costs of pathology practice and recommendation of correct cost drivers; received appreciation from the NHS project lead

Mumbai, Maharashtra, India

Independently transitioned and managed the group cashflow reporting in Wdesk in a dynamic environment of continuous business reorganisation saving the company 60-70% in costs Improved accuracy of cashflow forecast by $40m by ensuring accurate reporting of disposed businesses and reconciliation of mapping of accounts between Axiom/CBS and SAP through process due-diligenceReconciled the cashflow with treasury reports by introducing 13 week cashflow forecast and training the treasury team to use the sameProvided analytical commentary on cashflow and working capital variances and increased responsiveness to investor queriesRestructured the debt covenant calculations to capture the effect of recurring business disposals and IFRS16 adjustments reducing report preparation time by 1 dayReallocated restructuring cashflows to reorganized divisions of Capita and improved accuracy of Divisional Free Cashflow report by 20% Pioneered the development of training manuals and managed the recruitment process (interview + review of excel skills) of 50+ candidates in 2 months

Mumbai, Maharashtra, India

Achieved process transitions of budgeting activities and operating plan presentation within 4 monthsRecommended capitalization of costs increasing the EBITDA by $2M for the year and ensured that the rectification entries were passed in the system by collaborating with the accounting teamSpearheaded the reconciliation between the management reporting system and Power BI to make management financials available to business heads within 2 days of month closeSet up the process to reconcile inter group customer contracts improving accuracy of the financialsEarned appreciation award from the CFO within 6 months of joining

Mumbai Area, India

Transformed the budgeting process by making it business-metrics driven increasing accuracy and efficiency Reduced the time for preparation of P&L from 5 days to 2 days by streamlining data collection and collaborating with business headsBuilt 25+ pricing models and negotiated a revenue share deal to increase the projected revenue by 15% Rationalised seat planning across the facility resulting in 10% better seat utilisationEarned award of appreciation in 4 out of 9 quarters

Pune Area, India

Established a management reporting process for Persistent’s software product business unit Accelerite (Revenues $60M)Recommended reduction of upfront purchase consideration by 30% in an M&A deal based on findings of financial due diligence. Suggested the payment of remaining consideration in the form of revenue based earnoutsCompleted the due diligence of a $5M M&A deal in 10 days

Acca, Accounting

Activities and Societies: Passed Strategic Business Reporting and Advanced Financial Management in 1st attempt in March 2023 and Strategic.

Master Of Business Administration - Mba, Business Administration And Management, General

Activities and Societies: Holder of Lancaster Open Merit Scholarship Winner of McMorcik Case Study competition Consulting assignment.

Education record

Bachelor Of Commerce - Bcom, Accounting