Armend Prasad Email & Phone Number

Sydney, New South Wales, Australia

Sydney, New South Wales, Australia

Sydney, New South Wales, Australia

Supporting Construction and Property development businesses with financing, feasibility, project accounting advisory and control.

Sydney, Australia

• Support business units in identifying opportunities to maximise contract margins.• Design and oversee implementation of project KPI’s for increased profits, working capital and cash flow.• Establish benefit realisation plans in collaboration with initiative owners.• Preparation and presentation of board papers on major contract improvement initiatives.• Provide guidance and approval for major business improvement initiatives (supported by business cases).• Develop project governance and control function including project performance reporting framework.• Report progress of specific margin improvement initiatives to Steering Committee and Chief Executive.• Assist business leaders and contract managers in identifying sustainable opportunities, process improvements, key business drivers and KPI’s.• Support GM-Finance Performance in driving the revised financial forecast for the group including management of Risks and Opportunities.• Support project budgeting and forecasting process including business unit financial forecast.• Work collaboratively with Project/Contract managers in developing robust performance reporting framework.

• Leadership and strategic direction for RMS’ project accounting function.• Develop and implement financial framework and financial structures within project delivery environment for accurate distribution of costs, effective monitoring and financial control of projects with budgeted annual expenditure of $5.5b.• Develop financial and accounting policies, procedures and standards• Develop management controls framework that contribute to the business success of RMS.• Provide guidance and support in achieving commercial outcomes from contestable contracts and internal project delivery functions.• Oversee and manage cash flow and funding risks ensuring timely mitigations. • Review and implement financial structures and business models to support investment and divestment.• Implement financial KPI’s including project performance reporting, profitability analysis, labour utilisation, milestone achievement and service provider performance.• Coordinate and chair monthly financial project review meetings.• Provide financial review and evaluation expertise to RMS’ business cases.• Lead system design and solutions implementation for optimised financial outcomes within the project delivery environment.

Sydney Area, Australia

• Commercial and financial responsibilities for $600m investment.• Accurate forecasting of project total cost with input from project director and project managers.• Develop project specific expenditure control framework in line with Amcor’s expenditure control policies and procedures.• Responsible for maintaining and communicating project risk register for construction and transitions program.• Deliver monthly board reporting pack clearly highlighting key risk items.• Budgeting and strategic planning for new business establishment• Prepare and seek approval for business case submissions.• Balanced scorecard and KPI development for new business operation. • Support scheduling and planning function, and critical path analysis with regards to start-up and commercial sales.• Maintain compliance with internal and external audit requirements on all financial matters relating to construction and business transitions project.• Provide commercial input to key supply and subcontractor agreements, lease considerations, logistics contracts, and government duty concessions.• Support treasury with review of weekly cash position, currency exposures and working capital.

Sydney, Australia

• Prescribe and oversee development/deployment of customised project accounting tool with following features: o Project forecasting platform with integration of actual costs and forecast estimates. o Project financial reporting that highlight variances against budget and forecast position at summary and detailed level. o Subcontractor progress verification module to capture progress against contracted milestones and PO. o Project Risk and Opportunity register to record all open and closed Risks and Opportunity for management of contingency allocation. o Automate Project WIP and GL Accounting reconciliation. o Management of timelines and cut-offs for approval of monthly project Forecast Cost at Completion (FCAC) information.• Streamline project financial reporting.• Suggest effective project performance reporting package.• Supervise and manage a team of software programmers and finance staff.

Sydney Area, Australia

• Leading and managing the divisional project finance function.• Financial review of major project financials across all states, including cost, margin, revenue and schedule variances, adequacy of contingencies and other risks impacting cost and performance.• Review of final accounts, adjustments and notes.• Preparation of consolidated Monthly Management reports for Divisional GM’s and Corporate Head Office.• Management and distribution of sales, market share and competition data across regions and states. • Developing and maintaining effective Business Finance Centre service level agreements with shared services and regional businesses.• Ensure compliance to accounting standards with regards to revenue and margin recognition for all active projects.

Sydney, Australia

• Leading and managing the divisional finance function. • Preparation of annual Strategic Business Plans • Coordinate in partnership with business unit GM, monthly contract status reviews with the project management teams and prospect status reviews with sales and bid managers.• Support contract and commercial negotiations.• Reporting of monthly results (sales, GM, recoveries, IFO, cash, order backlog, headcount) with commentary on key achievements and variances for the month.• Financial delegation for approval of bids and tenders including overseeing financial support to the Bids and Pricing team.• Report on Risks and Opportunities for the division against the budget and revised forecast.• Responsible for calculation and rollout of yearly labour and overheard rates. • Quarterly review of key balance sheet accounts including WIP, progress payments, provisions, warranty, accounts receivables, bank, and accruals.

Education record

Bachelor Of Arts (B.A.), Accounting & Commerce