Ritesh Lakhani Email & Phone Number

Mumbai, Mh, In

Kuwait City, Kw

Kuwait

PAYROLL TEAM LEADER – (KRH Projects)• Supervise & Control - Payroll function for around 3000+ FN Project employees across 40 Projects within Ministry Timelines & in accordance with Kuwait Labor law (KLL) - (Major Client: FN Project employees for US Army). • Monitoring - Leading team for Monthly Time sheets, Payroll Master files, Processing Salaries, Leave Salaries, End of Service settlements.• Accounting – Authorizing Payroll Journal Entries, Payment Vouchers, Invoicing, Provisions, Reconciliations & organizing monthly Schedules of various Payroll control accounts. • Coordination - Conducting team meeting with Top management of US Clients, KRH Operations, Account Managers, etc. for smooth processing of Project payroll function.• Implementation & Training – For Online Time sheets for 2500+ FN Project employees & Supervisors for US Army • Accuracy & Timeliness - Coordinate & liaise with Project employees, Camp Coordinators, Finance Team, Treasury Team, etc. for ensuring accurate & timely processing of Salary transfers as per client SLA.• High value Invoicing - Raise & issue high value Payroll related Invoices for major clients.• Month end / Year end activities – Ensure timely and accurate booking of Expenses & Provisions.• Project Closure – Successful closure of US Army FN Projects employees, Final settlements for 4000+ FN employees for various projects and provide status update report to Top management. (Major Projects - CSA, ITT-GMASS, KBOSSS, ServCore, etc.)MAJOR ACHIEVEMENTS• Certificate of Appreciation - Kuwait- Outstanding Service in support for US Army LEIDOS – Jun 2024- Outstanding Service in support for US Army LEIDOS – Feb 2022- Outstanding Service in support for US Army VECTRUS KBOSSS program – Feb 2022

Dubai, United Arab Emirates

Finance Department (3 Departments: Finance – Logistics – Warehouse)- Team Management – Handling 4 staff- Financial & Management Reporting (Brand wise, Category wise, etc.)- Budgeting, Forecasting & Variance Analysis- Treasury & Banking operations, Fund Forecasting- Reconciliation, Collection follow ups from client thru Sales Representatives- Accounts Receivable / Accounts Payable / General Ledger (AR / AP / GL)- Inventory Management- Month End and Year End Closing Activities (Provisions/ Accruals schedules) - Liaise with Top Management, Bankers, Statutory Auditors

Dubai, United Arab Emirates

Finance Department- Overview Working capital requirement & optimum utilization of available funds by daily monitoring fund position movements- Preparing monthly & quarterly Cash flow forecast for higher management- Provide Exposure analysis & viability of new orders to operations team and higher management for existing / new customers- Endow with various MIS reporting as required by top management - Involved in Month end closure activities and pass necessary entries for Salaries, Commission income, various Provisions, etc.- Follow up with clients & salespersons for Trade Receivables and providing outstanding aging analysis report to management - Recording of Bank Receipt entries, prepare Reconciliations, Debtors Balance confirmations, providing Statement of accounts- Assist in Accounts Payable function like Utility bills & Vendor payments- Cross verify Payroll related functions like Final settlements, Leave salary working, Monthly Salaries of staff, etc.- Conduct physical inventory verification on fortnightly basis, monthly basis- Involved in process of Consolidation of for offshore accounts- Assist in Internal as well as External Audit process

Mumbai Area, India

CIB - Sales & Marketing - P&A Reporting Team- Providing supportive data analysis and presentation to the Management for future strategies & decision making- Maintenance of Headcount (HC) movement, Expense analysis, tracking, tagging, prior period adjustments, etc.- Providing commentaries on HC & Expense on periodic basis- Preparation of Monthly Deck, Slimmed down packs, various adhoc reporting for Top Management- Involved in Budgeting, Forecasting & planning exercise- Undertake Transfer pricing method for cross border transactions- Allocation of S&M Expenses to various Line of Business (LOB’s) / Products, etc.- Analyzing expenditure like Travel & Entertainment (T&E) and provide Top 50, Top 10 spenders, employee wise, Category wise- Pushdown of VAT expenses to various cost center- Adhoc analysis on HC & Expenses – Forecast vs plan vs Actuals, QoQ, YoY, etc.- Liaise with Onshore stakeholders, Top Management, inter dept. colleagues

Abudhabi, Uae

Finance Department (3 Departments: Finance – Logistics – Warehouse)- Team Management – Handling 4 staff- Financial & Management Reporting (Brand wise, Category wise, etc.)- Budgeting, Forecasting & Variance Analysis- Treasury & Banking operations, Fund Forecasting- Reconciliation, Collection follow ups from client thru Sales Representatives- Accounts Receivable / Accounts Payable / General Ledger (AR / AP / GL)- Inventory Management- Month End and Year End Closing Activities (Provisions/ Accruals schedules) - Liaise with Top Management, Bankers, Statutory AuditorsKEY ACHEIVEMENTS• Letter of Appreciation - UAE- For Cost Savings of around 80% of the proposed cash outflow – May 2015 (ALMOE)

Kuwait

Retail Division - Finance MIS Reporting - Financial Planning & Analysis (FP & A)- MIS & Management Reporting- Business Planning, Budgeting, Forecasting, Variance Analysis- Month end Closing, Monthly pack submission to Top management

Kuwait

Finance Department (MIS Reporting Team)- MIS & Management Reporting- Variance Analysis- Business Planning, Budgeting, Forecasting- Fund Management- Pricing of services- Project Payroll Management, Procurement Process Restructuring- Assisting in opening of KRH India Liasioning office- Team Management – (5 staff, Department: Finance)KEY ACHIEVEMENTS- Reducing TAT 3 weeks to 3 working days of billing cycle for submission of Invoice.- Cost Saving - Created in-house Project Employee Pay slips, saving approx. KD 2500/-

Mumbai Area, India

Analysis, Reporting, Accounting, Financial Controls (MIS Reporting Team - PUKSL)- Posting of business transactions in books of a/c’s, processing Bank transfers, maintaining Fixed Asset Register- MI data & business transactions, ledger scrutiny of various accounts, Reconciliation of various accounts- Quarterly VAT returns, Unemployment Insurance cover report, aged unreconciled items, etc.- Ensure all expenditure (orders, contracts, budgets etc) and all payments are properly authorized, controlled and monitored as per authority matrix- Undertake various trainings as per business requirements (Anti Money Laundering, etc.)KEY ACHIEVEMENTS- Awarded Team member for Team of the Month Award - Jan 2007 - Awarded Team member for Team of the Year Award - Year 2007

Mumbai Area, India

Global Intercompany Reconiliations Team (MIS Reporting Team - GRIP)- Monitor, follow up and resolve unmatched items on a monthly basis for EMEA Region as per TAT- Ensure compliance with all parameters as per internal policies, procedures, guidelines as per SLA- Parallel Run, Documenting the Process, Participate in UAT (User Acceptance Test) Business Continuity Plan (BCP),- Undertake various trainings as per business requirements (Anti Money Laundering, Six Sigma, etc.)- Identify new auto match rules for Automizing reconciliation process based on various parameters

Mumbai Area, India

Treasury & Cash Management for all India 20+ locations (including Nepal & Bhutan), Accounts Payable, Accounts Receivables, General Ledger, Month end closing activities, Reconciliations (Bank, Vendor, Clients), Maintaining cordial relation with Top Management, Liasioning with Statutory & Internal Auditors, Bankers, etc.

Mumbai Area, India

Worked in Foreign Exchange Department, Central accounts Department & Leisure Travel Department on various assignments- Multi currency Fund Flow statement, Submission of “R” Return to RBI, Reconciliation of Sweeping Balance & - Bank statement, Preparation of TDS / Non TDS / CAPEX item statement, Adhoc Assignments

Ca Inter, Finance & Accountancy

Bachelor Of Commerce (Bcom), Finance & Accountancy

Hsc, Commerce