Lalit Sanjeva Bhandary ACMA, CGMA
Mobile No.: +31 6 45 961 566 Email:lbhandary@hotmail.com Address: Octavianus 12, 3962 LW, Wijk bij Duurstede.
https://www.linkedin.com/in/lalitbhandary
A freshly passed out CIMA professional with Master’s in Management Studies (specialisation -
Finance, MBA) and Bachelor of Engineering (Production) has 18+ years of hard-core industrial
finance experience and 4 years of non-governmental organisation experience. My expertise can add
values to your esteem organisation in the areas of Financial Planning and Control, ERP
implementation, Business Control, Project Management, Governance & Risk Management, Strategy
Building and Management Reporting. I seek challenges, customer focused and always thrived for
optimal deliverables.
Technical skills:
● Accounting ● Financial Administration ● Budgeting and Project Planning
● Cash-flow Management ● Banking & Treasury ● Financial & Management Reporting
Worked under IFRS, Dutch, Indian, German & Italian GAAP, Multi-national and Multi-cultural set-up.
Systems experience:
SAP, Sun Accounting System, BaaN, Vision, YoB, Fluxx (Grants management system), Hyperion, MS-
office (Excel, Word, Power-point, Access – advanced user level), Windows, Fox Pro and Basic.
Having engineering background, my deliverables are always system oriented whereby I seek to bring
efficiencies and synergy in operations/reporting. It is the bye-product of the main financial tasks
when executed.
Soft competencies:
Teamwork skills – I work effectively with anyone with different skill sets, personalities, work styles,
or motivation level to achieve a better team result.
Interpersonal relationship skills – I have been effective at building trust, finding common ground,
having empathy, and ultimately building good relationships with people in my network.
Leadership skills – I can define, communicate visions and ideas that inspires others to follow with
commitment and dedication.
Mentoring / coaching skills – I provide constructive guidance, wisdom and feedback that can help
others further their career development
Goal:
I wish to excel in my career. With the expertise of an engineer and finance profession, I am confident
of my deliverables and contributing effectively towards 'decision making’ undertaken by
management / supervisor. In the near future I expect to take crucial decisions for the company and
undertake more important roles.
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Education:
January 2012 – April 2016 : CIMA (Chartered Institute of Management Accountants) professional
Designated ACMA, CGMA since April 15, 2016.
November 2008 - July 2009 : Diploma in Dutch language -The state exam NT2
Dutch as second language (B2 level)
James Boswell Instituut (Universiteit Utrecht)
June 1989 - June 1991 : Master of Management Studies (M.M.S. - Finance)
Narsee Monjee Institute of Management Studies, Mumbai
Bombay University, Mumbai, India. – with First Class
(Nuffic Internationale Diploma Waardering:
Mastergraad HBO, richting management (MBA)
June 1984 - June 1988 :Bachelor of Engineering (B.E.- Production)
Walchand Institute of Technology, Solapur, India,
Shivaji University, Kohlapur, India - with Distinction
Work experience:
>Greenpeace International (GPI): Amsterdam - 22nd
Jan, 2015 – 21st
Jul, 2015
Management and Treasury Accountant
I had 6 months contract where I had to offer help on the following task,
- Lead in the preparation and financial management of the organization’s budgets.
- Assist the Financial Controller in the provision of financial, management and statutory
information.
- Assist the Financial Controller in the management of the organisation’s treasury function.
- Perform other ad-hoc tasks commensurate with the expected level of skill and expertise of
the role.
Reason for leaving: This job contract was for 6 months.
>European Climate Foundation (ECF): The Hague - 1st
Aug,2012 – 11th
Sep,2014
Finance & Grants Manager
- Financial management; Overall in charge of financial resources, financial planning & control.
- Support to CEO & the leadership team on all financial issues and making management reports.
- Delivering audited annual financial statements and implementation of audit recommendations.
- Daily accounting and financial tasks, including cash management and FOREX.
- Principal lead with auditors, banks, external accountants, advisors and others as required.
- Budget management; Preparing of corporate annual budget and forecasting each month.
- Support to ECF programmes staff/grantees in building, controlling & monitoring budget.
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- Grants Management; Management of grant policies and procedure.
- Overall administration and execution of grants, legal & compliances and funder reporting.
- Advising and training of staff and grantees on grant procedures and financial
management.
- Others; Ensuring financial due diligence of grantees & support to HR on payroll.
Reason for leaving: Furthering CIMA studies with an eye on seeking more challenging position.
>Greenpeace International (GPI): Amsterdam - 17th
Jan, 2011 – 31st
Jul, 2012
Management and Treasury Accountant
- Assisted the Financial Controller in the construction and review of the GPI annual budget.
- Responsible for the monthly budget holder’s financial reports and liaison with budget
holders.
- Assisted the Financial Controller in producing and analyzing year-end financial reports
and statements.
- Provided information and input ensuring appropriate decisions were reached with
regards to treasury management, investment decisions, foreign currency and risk
management.
Reason for leaving: Left GPI as ECF gave me better offer in terms of salary and position.
>Infinitas Learning Holding B.V.(ILH): Houten - 15th
Sept 2009 – 31st
Mar, 2010
Group Operations Analyst
- Improved the operational processes & identified the best practices in the group
companies.
- Collected data from OPCo, analyzed for improvement and bring in synergy in the
processes.
- Developed operational KPI’s.
- Supported various projects like Vendor Rating, Spend Analysis, Forecasting and Stock
Control.
- Implemented new strategies, examined the trends and suggested improved next steps.
Reason for leaving: The company was closing down and retrenching staff.
>Moved to The Netherlands - 23rd
Sep 2008
>GSA GmbH:Aalen and Schöneweiss GmbH:Hagen, Germany - 1st
Jan 2007 – 31st
Aug,2008
(subsidiaries of Mahindra and Mahindra Ltd.,(M&M), Mumbai, India.)
Business Unit Controller
- Consolidation of Accounts from German child-company to Indian parent company M&M Ltd.
- Overall business and financial planning and control of 2 child companies.
- Carry out ad-hoc assignments and management reporting to ensure all compliances.
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- Build Strategies for bringing synergy in merger by mapping processes through SAP.
Reason for leaving: Moved to The Netherlands to join my life partner.
> Mahindra & Mahindra Ltd.(M&M): Mumbai, India - 1st
Oct 2005 - 31st
Dec, 2006
Manager Finance
- Started in the Corporate Affairs department, doing business analysis for the Auto sector
(biggest of the six business units of Mahindra & Mahindra Ltd.).
- Informed the supervisor on the international / local automotive industry and emerging
economic / financial trends in the industry. Implementing special assignments as directed by
management.
- Coordinated the management meetings, informed the board about the performances of the
sector, improvisation, made recommendations for future actions and highlighted financial
performances.
- Ensured that the financial administration of the German subsidiaries complied with the legal &
Indian GAAP formalities.
- Complied with the requirements of the Management Information System (MIS).
- Ensured compliance with funding requirements, transactions and formalities.
Reason for leaving: I was transferred to German project
> Zoom Developer Private Ltd.: Mumbai, India - 1st
Sep, 2004 – 15th
Sept, 2005
Business Development Manager
- Evaluated business / project proposals which were received through financial intermediaries.
- Restructured & developed business strategies. Planned exit/disinvest options.
- Advised the management about acquisition, establishing monitoring and reporting system.
- Provided back-office support to the local staff at the forefront of acquisitions.
Reason for leaving: The job was very hypothetical and felt like joining back automobile industry.
>Fiat India Private Ltd.(FIAL): Mumbai, India. - 1st
Oct, 1997 – 31st
Aug,
2004
Financial Controller.
- Visited several times to Fiat headquarters in Turin, Italy to familiarize with the financial set-
up.
- Executed financial planning & control, preparation of budgets, forecasts and performing
variance analysis.
- Installed financial modules in BaaN system. Did financial re-engineering from manual to ERP
processes.
- Made various analyses such as demand & supply, aging & gap analyses and financial feasibility
studies.
- For a short period worked as Executive Assistant to the Managing Director.
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Reason for leaving: After 15 years with the same company, I wanted to have different experience.
>The Premier Automobiles Ltd. (PAL): Mumbai, India - 24th Jan – 30th Sep, 1997
Manager Finance
- Initially I joined the Purchase department.. My job was to purchase proprietary items.
> From June 1989 to June 1991 I took study leave at PAL to pursue MBA study.
- In August 1992 I was transferred to the Finance department where I was an Accounts Officer.
- In 1995 I was appointed as Finance Manager. During my career with PAL, I had opportunities
to work in all sections of accounts and finance. My major tasks were,
- Monitoring / procuring long-term finance, providing financial information to financial
institutions, compliance with interest rate and repayments.
- Briefing our lenders on project technical issues and kept them updated on the project’s
progress.
- During this tenure I got opportunities to handle every pockets of bookkeeping including
treasury activities, receivables, payables and capital expenditure.
- I handled costing department and computerisation of finance department.
Reason for leaving: I was transferred to FIAL as Fiat Spa, Italy took over PAL.
Other details:
Nationality : Dutch
Date of Birth/Place : 08-May-1967 / Mangalore, India.
Driving Licence : B
Hobby's : Gardening, Sketching, Cooking and Sports (Football, Hockey, Cricket)
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Reason for leaving: After 15 years with the same company, I wanted to have different experience.
>The Premier Automobiles Ltd. (PAL): Mumbai, India - 24th Jan – 30th Sep, 1997
Manager Finance
- Initially I joined the Purchase department.. My job was to purchase proprietary items.
> From June 1989 to June 1991 I took study leave at PAL to pursue MBA study.
- In August 1992 I was transferred to the Finance department where I was an Accounts Officer.
- In 1995 I was appointed as Finance Manager. During my career with PAL, I had opportunities
to work in all sections of accounts and finance. My major tasks were,
- Monitoring / procuring long-term finance, providing financial information to financial
institutions, compliance with interest rate and repayments.
- Briefing our lenders on project technical issues and kept them updated on the project’s
progress.
- During this tenure I got opportunities to handle every pockets of bookkeeping including
treasury activities, receivables, payables and capital expenditure.
- I handled costing department and computerisation of finance department.
Reason for leaving: I was transferred to FIAL as Fiat Spa, Italy took over PAL.
Other details:
Nationality : Dutch
Date of Birth/Place : 08-May-1967 / Mangalore, India.
Driving Licence : B
Hobby's : Gardening, Sketching, Cooking and Sports (Football, Hockey, Cricket)
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