Rajesh Kumar

Rajesh Kumar
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Visa Status: Valid Resident Permit to work Full-Time in Netherlands

## PROFESSIONAL SUMMARY
Finance & AccounƟng professional with 12+ years’ experience in financial reporƟng and full-cycle accounƟng for central
bank of Pakistan with consolidated balance sheet size of €20B. Skilled in general ledger management, AP/AR processing,
intercompany accounƟng, journal entries, reconciliaƟons, and preparaƟon of monthly, quarterly, and annual financial
reports. Strong audit support and internal control experƟse, with hands-on experience in Oracle, Excel, and Power BI.
## WORK EXPERIENCE
State Bank of Pakistan – Karachi, Pakistan
Financial Accountant and Controller                                Jul 2017 – Oct 2025
 Managed full-cycle accounƟng for the Bank and five subsidiaries, including month-end/quarter-end/year-end
close, journal entries, accruals, prepayments and depreciaƟon in accordance with IFRS.
 Prepared consolidated and enƟty-level financial statements, management reports and variance analyses to
support execuƟve decision-making.
 Reconciled general ledger to sub-ledgers (Accounts Receivable /Accounts Payables, fixed assets, and payroll),
intercompany balances; idenƟfied and resolved reconciling items and prepared adjusƟng entries.
 Directed accounts payable and accounts receivable operaƟons, invoice booking, cash applicaƟon and payment
processing; streamlined AR collecƟons and AP workflows.
 Monitored open market operaƟons and treasury acƟviƟes, performed cash reconciliaƟons and supported
liquidity management and cash forecasƟng.
 Maintained strict IFRS and regulatory compliance, resolving complex accounƟng issues and driving policy
updates to secure clean audit opinions on annual reports having €20B balance sheet and €8B annual income.
 Coordinated statutory, internal and external audits: prepared audit packages, responded to audit queries and
implemented audit recommendaƟons.
 Led internal control tesƟng, remediaƟon acƟviƟes; designed and enforced internal controls over key processes.
 Handled tax related maƩers and regulatory tax compliance by liaising with tax authoriƟes.
 Supported group reporƟng and consolidaƟon processes, delivering Ɵmely monthly and quarterly submissions.
 Facilitated internal audit team for periodic internal audit reviews to validate financial accuracy and control.
 Collaborated with asset management and procurement teams and cross-funcƟonal stakeholders to ensure
Ɵmely capitalizaƟon, accurate billing, cost allocaƟon, and financial insights.
 Delivered ad-hoc financial analyses, KPI dashboards and presentaƟons for senior management and the Board.
Key Achievement and Projects
 Streamlined financial close and strengthened GL controls, standardizing reconciliaƟons and journal processes;
shortened annual close cycle by 30% and improved reporƟng accuracy.
 Prepared IFRS-compliant consolidated financial statements for parent and 5 subsidiaries; led audit coordinaƟon
and documentaƟon, resulƟng in clean audit opinions and Ɵmely regulatory submissions.
 Developed and deployed Oracle-based budgeƟng and reporƟng process, aligned with chart of accounts;
enabled real-Ɵme budget monitoring and strengthened variance analysis & cost governance.
 Led budgeƟng, cost esƟmaƟon, tax planning and regulatory compliance for the rollout of State Bank’s flagship
project of new banknote series. Ensured smooth financial execuƟon of a high-priority naƟonal project.
SSGC LPG Pvt. Limited – Karachi, Pakistan
Business Analyst                                        May 2016 – June 2017
 Prepared annual budget and quarterly financial analysis reports, highlighƟng business trends and idenƟfying
deviaƟons through structured presentaƟons to support execuƟve-level decision-making.
 Developed  and maintained  financial model, dashboards, idenƟfying performance drivers of 2 business
segments, and enabling data-driven strategic planning through integrated financial and non-financial KPIs.
 Produced monthly sensiƟvity analysis reports assessing variables like oil prices, LPG prices, PKR/USD exchange
rate, and direct costs, enabling beƩer risk miƟgaƟon and scenario planning, improved the gross margin by 2%.

 Conducted fortnightly price-seƫng exercise for LPG products (both packed and bulk), incorporaƟng market
trends and cost variables to opƟmize pricing strategies.
 Prepared presentaƟons and KPI reports for the Board Audit CommiƩee and Board of Directors, highlighƟng
financial performance and strategic direcƟon of the company.
First Capital EquiƟes Pvt. Limited – Karachi, Pakistan
Investment Analyst                                         Jun 2015 – April 2016
 Built 3-statement financial models using DCF and DDM methods for the top 5 companies in the cement sector,
incorporaƟng coal price sensiƟvity, alternaƟve energy mix, regional demand variables and porƞolio investment.
 Created dynamic Excel dashboards tracking monthly cement dispatches, price variaƟon, coal and fuel prices,
exchange rate fluctuaƟon and sector’s capacity uƟlizaƟon with automated data feeds from relevant websites.
 Projected quarterly earnings esƟmates of cement sector companies under coverage.
 Evaluated conglomerates via Sum-of-the-Parts (SOTP) valuaƟon methods, used DCF, EV/EBITDA and PE
techniques to analyze core cement operaƟons, whereas DDM and DCF models to evaluate non-core assets.
 Published 3 investment cases with ‘Buy’ recommendaƟons for banks (UBL,BAFL,HBL), calculated the intrinsic
value using PBV and DDM method from financial models based on NIM and CASA mix sensiƟvity analysis.
 Automated data collecƟon on deposits, policy rate, inflaƟon, and currency trends from SBP, Bloomberg, and
other sources, cuƫng research Ɵme by 40%.
Standard Capital SecuriƟes Pvt. Limited – Karachi, Pakistan
Equity Research Analyst                                        Feb 2013 – May 2015
 Conducted fundamental analysis of 20+ KSE-listed companies using DCF, P/E, P/B, and EV/EBITDA valuaƟon—
helping clients outperform the KSE-100 by approximately 10% annually over three years.
 Built financial models of mid-Ɵer banks i.e. AKBL, BAHL, BAFL based on PBV, NIM, ADR and IDR raƟo analysis
and forecasƟng profitability, with Buy recommendaƟons delivering 15-25% returns within six months.
 Published periodic research reports on earnings, sector trends, and policy impacts for insƟtuƟonal clients.
 IdenƟfied undervalued mid-caps in the automobile sector (e.g., HCAR, PSMC) through profit margins analysis
and demand trackers, leading to early calls that gained 30-50% before broader market recogniƟon.
 Predicted key economic indicators including Central Bank’s interest rate change and inflaƟon trends with ~80%
accuracy, providing clients ahead-of-curve posiƟoning advice.
 Presented pharmaceuƟcal sector investment cases based on medicine prices and improved operaƟonal
margins to local AMCs and foreign funds, influencing over €2 million allocaƟons.
 Provided market analysis to financial media outlets on federal budgets, sector regulaƟons, and FX risks.
## EDUCATION
Diploma in TaxaƟon                                         Nov 2020 – Apr 2021
InsƟtute of Business AdministraƟon, Karachi, Pakistan
Master of Business AdministraƟon (Finance)                            Jun 2013 – Aug 2014
InsƟtute of Business Management, Karachi, Pakistan – (3.13 CGPA)
Bachelor of Business AdministraƟon                                Sep 2009 – May 2013
InsƟtute of Business Management, Karachi, Pakistan – (2.93 CGPA)
## PROFESSIONAL TRAINING AND CERTIFICATIONS
Mastering Excel Dashboard and AI Data Modeling in Power BI               Nov 2024
NIBAF Pakistan
CerƟfied Professional Trainer                               Mar 2022
IAPPD Global
## TECHNICAL SKILLS | LANGUAGES
Technical Skills: IFRS, AccounƟng, Financial Statements, Financial ReporƟng, General Ledger, Accounts Receivable,
Accounts Payables, Oracle, ERP, Financial Analysis, Power BI, MicrosoŌ Excel, Office 365, KPI reporƟng, TaxaƟon,
Accruals, Invoice Booking, CommuncaƟons
## Languages: Fluent English and NaƟve Urdu