Prasad Narayan Email & Phone Number

Houston, Tx, Us

Houston, Texas, Us

Responsible for Finance, Treasury, Tax functions and HR, Payroll & IT for a fast-growing Petroleum Distribution company. Spearheaded a number of business process improvement and automation projects to achieve efficiencies, enhance Internal Controls, reduce DSO and improve profitability. Led initiative to utilize tax incentives and saved over $200K. Leadership team member and business partner; Manage a team of 25.

The Woodlands, Texas, Us

Key member of Finance Team at BJ Services – Leading Pressure Pumping company in North America Land - a JV between CSL Capital Management/Goldman Sachs and Baker-Hughes, combining CSL’s Allied and ALTCem businesses with Baker-Hughes’ North America Land Pressure Pumping business • Created Finance Integration Plan to transition from Legacy CSL and Baker-Hughes to a standalone new company.• Established Treasury and Banking relationships with leading banks in US and Canada.• Designed and implemented Finance modules of Microsoft Dynamics 365 which created an efficient and cost-effective solution for a fast-growing organization.• Led RFP and selection of Finance process outsourcing solution projected to save $1.5 Million over 5 years.• Liaised with external auditors - PricewaterhouseCoopers to complete the audit of the BJ Services opening Financial Statements which enabled timely SEC filing.

The Woodlands, Texas, Us

Responsible for complete Finance, Treasury and Tax functions for Allied Energy Services, LLC - a Private Equity-backed Pressure Pumping company• Set up Banking and Credit facility, managed cash flow, supported Operations, Executive and Private Equity teams.• Worked closely with Executive team and Baker-Hughes to complete the BJ Services transaction in record time.

Houston, Texas, Us

Key member of IT Transformation – Finance Design Team responsible for implementing an integrated solution companywide using the latest SAP S/4 HANA platform• Implemented SAP FI/CO modules of the pilot SAP S/4 HANA solution for Ecuador GeoMarket and supported the transition from Oracle/Lawson in a way that minimized employee resistance and downtime.• Designed new business organization structure for Profit Centers, Cost Centers and Enterprise Controlling that enabled growth and expansion capabilities supporting long-term plan for worldwide implementation.• Designed P&L Reporting, Profitability Analysis, Allocations, Consolidations and Planning processes enabling enhanced Analysis & Reporting capabilities coupled with efficient cost allocation model.

Houston, Texas, Us

Financial controller and reporting role for Research & Engineering Centers, Drilling Products Group• Coached Engineering teams on Budget control processes and increased their awareness of projects cost, which increased cost control ownership and resulted in effective spending management for over 60 R&D projects. • Managed project to replace outdated equipment by identifying potential suppliers and negotiating service agreements that resulted in timely completion while saving $90,000 on original budget.

Houston, Texas, Us

Responsible for integrating finance processes of: Smith and M-I SWACO acquired businesses with Schlumberger, at Houston Financial Hub which was formed in 2012 to provide world-class Financial Reporting, Accounting, Treasury & Tax support to Schlumberger businesses in the Western Hemisphere• Developed interface between Procurement, Oracle, SAP and Lawson which improved accounting accuracy and saved 3,750 man days/year. • Rewrote Intercompany financial procedure that achieved greater Standardization and improved Controls.• Initiated and implemented automation of Oracle billing process which resulted in savings of 3,000 man days/year.• Designed and implemented Intercompany Customer/Vendor mapping system to automatically match AR/AP across 4 ERP’s thereby saving 1,500 man days/year and improving the quality of reconciliations.• Negotiated and settled working capital requirements with buyer of divested business and saved $1.6 Million.• Migrated Americas’ Intercompany process to a centralized team based in Malaysia and achieved 25% in cost savings.

Houston, Texas, Us

Responsible for financial integration of Smith Int’l Inc. – North America business • Reorganized the Smith finance team to create and develop the Smith North America Financial Center team which optimized accounting resources and improved service while successfully integrating acquired team.• Played a key role in planning of Houston Financial Hub to support Western Hemisphere operations: including organization structure, building and architect selection, cost benefit analysis and presentation for CFO approval.• Defined and implemented the financial systems roadmap for legacy Smith businesses effectively eliminating redundant systems and legal entities.• Successfully implemented Oracle Financials for Smith: Motors and Elastomers Manufacturing plants and Drilling services resulting in improved efficiency and better quality of reporting.

Houston, Texas, Us

Led 25-member team covering: AR, AP, Treasury/Cash Management, Intercompany, FA, Consolidation and Reporting• Reorganized 38-member Finance team by outsourcing AP and merging remaining functions with Schlumberger NAM Finance Center achieving savings of $1.3 Million. • Implemented internal controls procedures, identified improvement opportunities and implemented corrective actions that ensured compliance with company procedures & SOX requirements.• Provided support to Internal and External Auditors and achieved PricewaterhouseCoopers certification for quarterly reporting and SOX compliance.• Coordinated month-end close and Management Reporting processes, reviewed General Ledger and Balance Sheet Reconciliations ensuring on-time completion and adherence to company policies and quality standards.

Houston, Texas, Us

Responsible for Financial performance of businesses that grew from $100 Million in 2004 to over $500 Million in 2008• Performed Financial Planning and Analysis of Operating Results / Variances by Project to ensure the financial success of over 20 seismic survey contracts worth $10 Million to $220 Million in US, Canada and Mexico.• Worked with Operations Management to ensure Annual Budgets and Quarterly/Monthly Revenue and P&L Forecasts were delivered on time and met quality standards.• Played a key role in the Capital Expenditure Evaluation of projects worth $180 Million that expanded the world’s largest private sector Seismic Data Processing Center while ensuring Budget constraints were met.• Negotiated a large Insurance claim for lightning damage to Land Seismic equipment and saved $226,000.• Worked with Duff & Phelps to finalize the valuation of WesternGeco Canada business and goodwill.

Houston, Texas, Us

Led 8-member team in charge of Intercompany accounting and reconciliations for Europe/Africa• Prepared blueprint for Intercompany business process improvements across Lawson, SAP and MfgPro ERP’s.• Transitioned the team’s functions over to the new Global Services Center in UAE resulting in cost savings of 30%.

Houston, Texas, Us

Responsible for Consolidation and Financial Reporting for NAM and SAM Regions• Performed Reporting, Business Planning, Forecasting and P&L Variance analysis within tight deadlines.

Houston, Texas, Us

In charge of Financial Systems of WesternGeco - Seismic business JV Schlumberger and Baker-Hughes • Migrated the Financial data of the WesternGeco from 3 legacy systems to a common AS400-based system for WesternGeco worldwide.

Houston, Texas, Us

• Implemented SAP HR and defined requirements for SAP FI/CO and Asset Management for the Middle East• Reorganized Financial Systems from Worldwide Product Line ledgers to Geographical ledgers

Houston, Texas, Us

• Managed a team of 6 Tax Accountants responsible for preparing legal/statutory accounts for South East Asia countries• Implemented Direct Billing of Headquarters cost to Saudi Arabia, Indonesia, Argentina, Mexico and Venezuela• Prepared a detailed report on Headquarters cost allocations to Norway to defend a tax case

Houston, Texas, Us

• Managed a team of 7 accountants responsible for Collections, Payments, Wires/Checks and Liquidity and Currency Exposure reporting• Implemented Chase Insight Cash Management System for Middle East and Asia• Consolidated Schlumberger UAE banking relationships through an RFP and saved $300,000 per year

Houston, Texas, Us

• Played a key role in the favorable settlement of a tax case with Saudi Arabia’s Preliminary Appeals Committee• Established Direct Billing of Headquarters cost to Saudi Arabia• Successfully defended Regional Training Cost recharges in a Tax Inspection by Omani authorities• Implemented AS400-based Fiscal Accounting System for the Middle East (including production of GL and financial statements in Arabic)

Houston, Texas, Us

• Fiscal Accounting and Compliance relating to UAE, Yemen, Iran and Somalia• Prepared a comprehensive database of tax and social security withholdings in Iran which helped to support the company's tax case.

London, Gb

• Audit of large Multinational companies and regional business groups based in Saudi Arabia's Eastern Region

Bangalore, Karnataka, In

• Management Accounting, Budgets, P&L Variance analysis, Periodical reviews of Branch operations, Special projects.

Worldwide, Oo

• Audit of large public and private companies including Multinationals

Cgma, Management Accounting

Acma, Management Accounting, Management Information Systems, Financial Management

Fca, Accounting, Financial Management, Audit, Taxation

Bachelor Of Commerce (B.Com.), Accountancy, Financial Management

Secondary School Certificate, Mathematics; Science; Social Studies;