Prasad Bapat Cpa, Cma Email & Phone Number

Dubai, Ae

United Arab Emirates

Dubai, United Arab Emirates

Prasad is acting as a strategic finance business partner for various Cash Generating Units (CGU) such as Electrical CGU, Allied CGU, Automobile CGU , Commercial Vehicle and Heavy Equipment CHU and is ensuring that adequate financial support is provided in the achievement of the Groups current and strategic goals.Few of the key duties and responsibilities are as follows :• Act as a Group level VAT specialist and guide the business users to ensure that the operations are VAT compliant.• Decision Support -providing proactive and strategic input to drive performance and resource allocation. • Responsible for all the aspects of Budgeting, forecasting, re-forecasting and variance analysis.• Responsible for Cash Generating Units (CGU) all the financial aspects and act as a sole point of contact for CGU’s and bridge between the CGU and Finance Shared Service Department of the group. • Review CGU’s bottlenecks and recommend changes to improve the overall level of operations. • Assess business risks and opportunities and communicate with management. • Project Management / Business Transformation functions • ERP Implementation , VAT implementation.

Dubai, United Arab Emirates

United Arab Emirates

Prasad lead the finance function of the SMKA Electric LLC and ensured that finance function is providing an adequate support in the achievement of company’s current and strategic goals. Few of the duties and responsibilities were as follows :• Responsible for review of complete day-to-day accounting, general ledger, fixed asset accounting, group companies related transactions, monthly depreciation, prepayment accounting, accounts receivable entries and control, accounts payable reconciliation, GRV’s creation, and reconciliation of clearing accounts, foreign currency accounting.• Responsible for the month-end financial closing process.• Preparation and presentation of monthly Flash reports - profit and Loss account, Balance sheet with KPI analysis.• Preparation and presentation of Budget, Free Cash Flow, forecasts.• Monitor the income and expenses versus budget, track the variances, recommend corrective actions and follow-up on remedial actions to ensure the adherence to the budget and to support the effective monitoring of performance within the budget.• Bank Facilities /Trade Facilities Functions.• Risk Management, Credit Risk & Credit control functions.

Dubai, United Arab Emirates

Prasad successfully lead the accounts and finance department as a Financial Controller and has efficiently planned, effectively organized and continuously monitored the financial and accounting operations and other related aspects of the organization. He is primarily accountable for overseeing the accounting and finance function of the company.He was responsible for direct reporting to Managing Director and other stakeholders of the companyFew of his key duties/ responsibilities were as follows :• Oversee the operations of the accounting department, including the design of the organizational structure adequate for achieving departments goals and objectives.• Develop and implement the financial policies, systems, and procedures.• Maintain a documented systems of accounting, procedures, chart of accounts.• Preparing and presenting periodical cash and funds flow statement for operations.• Evaluation of new business proposals/project viability. • Liaisoning with stakeholders and interested parties including Government Bodies -Customs Authorities.• Planning, organizing, and management of working capital and dealing/ negotiating with banks for annual facilities and renewal, long term & short term loans and Export / Import letter of credits. • Establishment of adequate internal control in the organization and ensure its functioning on regular basis. • Implantation and routine checking and report on Inventory control systems, procedures & documentation.• Ensuring that periodic bank reconciliations, intercompany & inter-branch reconciliations are performed and documented.• Preparing & maintaining book of accounts and Finalization of accounts, preparation of the Annual Financial Reports in accordance with GAAP.

Dubai, United Arab Emirates

Few of the key duties and responsibilities were :• Preparation of operating and financial budgets, comparing the results and presenting the variance analysis to the management.• Analyze financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets.• Prepare, maintain and present to management various MIS reports.• Visiting overseas branches, performing internal audit, preparing and presenting the findings to the management.• Execution of import & export documents / letter of credits & negotiation ( letter of credit - usance & sight / DA / DP negotiations).• Dealing with the bankers for relevant bank facilities for establishing import letter of credit, trust receipt loans and discounting of export documents.• Establishment of adequate internal control in the organization and check on its operations.• Keeping track of the advances to suppliers and related progress of shipments against advances from customers on regular basis.

Pune City, Maharasthra State, India

Prasad gained the knowledge and acquired practical experience in accounting and auditing from his Audit Principal CA. Milind G Kshirsagar under Chartered Accountant Regulations in India. During the articleship period, Prasad has worked rigorously on the array of assignments, projects and different types of assesses. Following are few of the tasks he has performed on regular basis under the guidance of principal auditor.• Preparation and submission of direct and indirect tax returns.• Undertaking periodical tax planning and calculation of advance tax liabilities according to Income Tax Act provisions • Auditing of a company under liquidation, which is governed by Special order pass by The Honorable High Court.• Stock audit of manufacturing & trading companies. • Auditing of chemical, liquor, engineering, biotechnological, manufacturing of rubber product and software developing companies.• Auditing of big and small partnership firms and businessmen.• Bank audits• Conducted tax audit, internal and external/statutory audit.• Accounts writing work of an individual ( professional and share traders ), partnership firms, companies, and trusts.• Project work for loan and planning purposes.• Representing client and attending Income Tax Assessment hearing with principal

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