Prasanth Nair
PO Box - 282040, Dubai - UAE
+971544321331 / +971558607370¦ pmnair74@gmail.com / devikrishnan81@gmail.com
CFO / Finance Director / General Manager
Qualified Chartered Accountant with nearly 22 years of experience in managing finance & accounts and operations in leadership roles across diverse organizations. Distinguished for enhancing operational efficiency & departmental profitability by implementing various cost reduction strategies and process improvement initiatives across professional career; exploring challenging senior managerial assignments with a professionally managed organization
Expertise in
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? Strategic Business Planning
? Budgeting & Forecasting
? Cost Reduction Strategies
? Financial Reporting
? Project Implementation
? SLA Compliance
? Finance & Accounts Management
? Internal & External Audits
? Procedures & Policies Implementation
? Banking & Treasury Operations
? Liaison & Coordination
? Senior Management Representation
? Team Leadership
Education
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? Chartered Accountant, The Institute of Chartered Accountants of India (2000)
? B Com, Kerala University (1990) Executive Summary
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? Financial Planning & Management: Proven ability in designing/ implementing cost reduction strategies leading to reduced annual overheads and significant increase in cost savings
? Budgeting, Forecasting & Business Planning: Skilled in preparing budgets, forecasts and business plans aimed at maintaining organizational bottom lines and enhancing profitability
? Audit & Internal Controls: Conduct audits and implement effective internal controls based on organizational policies and other statutory regulations
? Treasury Management: Skilled in maintaining steady cash flow and fund availability for future/ existing business funding requirement by effectively managing treasury operations
? Process Improvement: Adroit at implementing various process improvement projects aimed at enhancing operational efficiency and departmental profitability
? Team Leadership: Skilled in creating and sustaining a dynamic environment that fosters development opportunities and motivates high performance amongst team members
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Professional Experience
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Foreign Labour Company (Ayadi) LLC Abu Dhabi UAE (National Holding Group) ? Dec 2017 onwards
Finance Manager
Accomplishments:
? Developing pricing model for different categories of human resources hired for different projects
? Playing a key role in developing internal control regarding operations, hiring, management of receivables etc
? Playing key role in availing and enhancing the bank facilities
Accountabilities:
Managerial Responsibilities
? Involved in end to end management of finance & operations of 2,500 plus strength man power company including commercial, hiring, operations and selling of human resources ensuring compliance to organizational policies and procedures
? Spearhead finance in all day to day finance and accounting activities
? Participate in negotiating / managing customer contracts, protecting organizational assets.
? Evaluate and implement cost reduction opportunities; managed company's financial accounting, monitoring and reporting systems
? Develop rapport with auditors, solicitors, bankers and statutory organizations based on business and operational requirements
? Evaluate & present various status reports during senior management reviews for reengineering policy decisions based on changing market dynamics and other related factors.
? Actively involved in developing various MIS reports like resource vise profitability/project wise profitability/ business wise profitability etc in ERP
Finance & Accounts Management
? Leading the senior management team in planning / managing annual budgets; evaluate financial plans to be compared with actual results
? Managing finalizations & audits based on organizational policies and other statutory regulation
? Render consultancy for evaluating and implementing changes, financial management mechanisms to minimize financial risk
? Evaluate & implement cost reduction opportunities; managed company's financial accounting, monitoring and reporting systems
? Negotiate with banks pertaining to trade finance as well as for ensuring adequate cash flow based on existing and future business ventures of the organization
? Generate / maintain financial statements “Balance sheet & Income statement” for internal use and company consolidation
Operations & Administration
? Bringing critical issues and operational bottlenecks with potential business & revenue impact to attention of the senior management with suggestions of remedial measures.
? Optimize resource utilization & streamline processes for enhancing operational efficiency and departmental profitability
? Updating the senior management about the changes in financial regulations & legislations for implementing the same in day to day business transactions
? Ensure compliance to organizational policies & other statutory regulations for maintaining & archiving documents and records for fulfilling audit requirements
? Evaluate team performance and render productivity enhancement feedback. Organize training sessions for team members based on identified training needs
? Involving in end to end management of finance & operations including operational aspects.
Afri Ventures (Kewalram Chanrai Group), Dubai - UAE ? Mar 2012 – Dec 2017
Deputy General Manager - Finance and Operations
Accomplishments:
? Enhanced cost effectiveness of procurement by defining new procurement policies and developing alternate suppliers to obtain optimized rates
? Played key role in developing internal control systems, setting up new B2B models and new Free Zone company to manage direct exports
? Significantly enhanced business generation by implementing new credit insurance policies and other process
Accountabilities:
Managerial Responsibilities
? Involved in end to end management of finance & operations including commercial, procurement, logistics and supply chain in compliance to organizational policies and procedures
? Spearhead trade finance operations encompassing maintenance of import & export documentation, factoring & credit insurance management amongst others
? Participate in negotiating / managing insurance & legal issues, interacting with consultants in protecting organizational assets
? Evaluate and implement cost reduction opportunities; managed company's financial accounting, monitoring and reporting systems
? Develop rapport with auditors, solicitors, bankers and statutory organizations based on business and operational requirements
? Evaluate & present various status reports during senior management reviews for reengineering policy decisions based on changing market dynamics and other related factors
Finance & Accounts Management
? Assist the senior management team in planning / managing annual budgets; evaluate financial plans to be compared with actual results
? Interact with Jebel Ali Free Zone for managing finalizations & audits based on organizational policies and other statutory regulation
? Render consultancy for evaluating and implementing changes, financial management mechanisms to minimize financial risk
? Evaluate & implement cost reduction opportunities; managed company's financial accounting, monitoring and reporting systems
? Negotiate with banks pertaining to trade finance (LCs, TRs and ODs) as well as for ensuring adequate cash flow based on existing and future business ventures of the organization
? Generate /maintain financial statements “Balance sheet & Income statement” for internal use and company consolidation
Operations & Administration
? Highlight critical issues & operational bottlenecks with potential business & revenue impact to the senior management & other stakeholders for implementing effective remedial measures
? Interact with vendors for ensuring cost effective & qualitative procurement based on business as well as operational requirements
? Optimize resource utilization & streamline processes for enhancing operational efficiency and departmental profitability
? Maintain updated knowledge of changes in financial regulations & legislations for implementing the same in day to day business transactions
? Ensure compliance to organizational policies & other statutory regulations for maintaining & archiving documents and records for fulfilling audit requirements
? Evaluate team performance and render productivity enhancement feedback. Organize training sessions for team members based on identified training needs
Supra Industrial Co (Jumbo Electronics Group), Dubai - UAE ? Jun 2010 – Mar 2012
Divisional Finance Controller / Finance & Operations Manager
Accomplishments:
? Played key role in setting up systems like ERP System (Great Plains), proper accounting process for Manufacturing System and Credit Control System leading to enhanced operational efficiency
? Successfully implemented guidelines for waste & scrap accounting, minimized production costs by implementing cost sheets and initiating projects for reducing abnormal losses
Accountabilities:
? Spearheaded team efforts pertaining to audits & processing industrial licenses based on various statutory regulations
? Focused on improving procurement process and inventory control by implementing effective systems and documents. Optimized costs & prices by regulating Bills of Materials
? Acquainted the senior management with critical occurrences with potential financial impact to the senior management and other stakeholders for implementing effective remedial measures
? Guided team members in managing working capital, fixed assets including finalization of accounts and audit. Involved in processing payroll and interacting with the factory labor force for maintaining seamless operations
? Enhanced financial stability of the business through cost optimization, productivity and efficiencies including preparing new budgets as well as business plans
? Participated in statutory accounts and annual audits based on business / operational requirements. Followed up with various support teams for effectively implementing audit recommendations
? Prepared / implemented management reports with analysis of key performance indicators to enable senior management decision making
Trucolour Advertising & Colourbyte LLC, Dubai - UAE ? Sep 2007 – Apr 2010
Finance Manager
Accomplishments:
? Significantly enhanced organizational cost savings by restructuring prices, implementing project & job costing during tenure with the organization
Accountabilities:
? Developed & implemented new corporate policy manual, KPIs for Sales & Production and reporting formats for Accounts, Finance, Sales, Production and Projects Departments
? Guided team members in maintaining updated books of accounts, preparing & finalizing project & product pricing based on business and statutory requirements
? Involved in processing payroll, banking transactions and logistics based on organizational policies and procedures. Maintained operational readiness and updated documents for internal & external audits
? Prepared & presented various status reports for the senior management & other stakeholders to enable effective decision making
Previous Assignments
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Organization Designation Duration
Emilam Industries LLC Finance Manager Mar 2005 – Aug 2007
Seiken Auto Spare Parts LLC Finance Manager June 2002 – Feb 2005
NM RAIJI & Co, Chartered Accountants Assistant Audit Manager 2000 – 2002
Accreditation
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? ERP -Zabeel Institute Dubai (Year 2008)
? Excel- Zabeel Institute Dubai (Year 2008)
? Different Seminars Conducted by Institute of Chartered Accountants of India
Date of Birth: 05th November 1974 ~ Languages Known: English, Hindi and Malayalam ~ Nationality: Indian
Passport Details: J2132768 valid till 2020 ~ Visa Status: Resident ~ References: Available on Request