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Pradeep Balan, Chief Financial Officer

Pradeep Balan

Chief Financial Officer·Pearl Polyurethane Systems

United Arab Emirates

Higher diploma, Business And Finance

Work experience

Total years of experience: 30 years, 5 months

Chief Financial Officer

January 2015 - Present

Pearl Polyurethane Systems

Dubai, United Arab Emirates

January 2015 - Present

Senior executive overseeing global finance, HR, and compliance operations, driving financial strategy,
performance optimization, and sustainable business growth across seven international markets.
❖ Led expansion into KSA, Egypt, India, and Vietnam, ensuring complete legal and tax compliance.
❖ Migrated ERP from SAP to Oracle NetSuite, improving reporting accuracy and closing speed by 30%.
❖ Developed leadership pipeline and retention strategy, maintaining 95% team continuity and
lowering attrition rate.
❖ Strengthened liquidity management, reducing FX risk exposure by 35% and ensuring optimal
working capital efficiency.
❖ Directed $250M+ financial operations, achieving 40% faster reporting through automation and
enhanced data governance.

Company industry:
Industrial Production
Job role:
Manufacturing

Head of Finance & Accounting

January 2007 - January 2015

Bayer Pearl Polyurethane Systems LLC

Dubai, United Arab Emirates

January 2007 - January 2015

Directed finance, audit, and HR functions for a multinational joint venture, aligning corporate governance
and financial reporting with Bayers global standards.
❖ Reduced DSO by 18% and improved cash conversion cycle efficiency by 20%.
❖ Launched performance framework, ensuring 100% compliance with annual reviews and appraisals.
❖ Coordinated internal and external audits with PwC and KPMG, reducing compliance issues by 35%.
❖ Led complete SAP ERP rollout across four business units, standardizing reporting and control
frameworks.
❖ Managed $180M regional P&L, improving profit margins by 12% through cost optimization and
strict expense control.

Company industry:
Industrial Production
Job role:
Manufacturing

Global Consolidation and Financial Analyst

January 2004 - January 2007

Schlumberger

Dubai, United Arab Emirates

January 2004 - January 2007

• Consolidated financial results across Europe, C.I.S., Africa, and Russia, delivering accurate and timely reports to Schlumberger NY.
• Managed intercompany balances for EAF/PHQ, effectively collaborating with OFS and Non-OFS teams to optimize accounting workflows.
• Resolved historical intercompany accounting issues, significantly improving operational efficiency and accuracy.
• Provided governance oversight on reporting from various geographical markets, ensuring compliance with financial regulations and standards.
• Drove initiatives to enhance financial reporting processes, positioning for strategic growth as a future Chief Financial Officer and VP of Finance.

Company industry:
Oil & Gas
Job role:
Oil and Gas

Senior Accountant

January 1996 - January 2004

Maritime & Mercantile Int’l (MMI)

Dubai, United Arab Emirates

January 1996 - January 2004

• Led transformative financial operations in the travel sector, driving enhanced financial performance and strategic initiatives.
• Formulated and oversaw multi-million dollar budgets, ensuring strategic alignment with corporate objectives and maximizing resource efficiency.
• Consistently generated and analyzed Profit & Loss statements and Balance Sheets, delivering precise financial insights to support executive decision-making.
• Compiled and presented comprehensive Management Information System (MIS) reports, facilitating informed decisions for both internal teams and external partners.
• Championed financial best practices and compliance, contributing to improved operational efficiency and risk management across the organization.

Company industry:
Administration Support Services
Job role:
Management

Education

Indian Institute Of Management Indore

July 2024

July 2024

Higher diploma, Business And Finance

India

GPA (rating): Good

GPA (rating): Good

Financial Data, M&A, Business Valuation etc - 11 papers in total
View attachment

ICWAI

June 2005

June 2005

Higher diploma, Accounting

India

GPA (percentage): 70%

GPA (percentage): 70%

Missouri University

January 2002

January 2002

Master's degree, Finance & Strategy

United States

Delhi University (via International Educational Institute, UAE)

June 1999

June 1999

High school or equivalent, Commerce

United Arab Emirates

New Indian Model School

March 1996

March 1996

High school or equivalent, Commerce

United Arab Emirates

GPA (percentage): 80%

GPA (percentage): 80%

Skills

CORPORATE FINANCE
Intermediate
CORPORATE FINANCE
Intermediate
BUSINESS STRATEGIES
Intermediate
BUSINESS STRATEGIES
Intermediate
CONSOLIDATION
Intermediate
CONSOLIDATION
Intermediate
ENTERPRISE RESOURCE PLANNING
Intermediate
ENTERPRISE RESOURCE PLANNING
Intermediate
FINANCE
Intermediate
FINANCE
Intermediate
GOVERNANCE
Intermediate
GOVERNANCE
Intermediate
MERGERS AND ACQUISITIONS
Intermediate
MERGERS AND ACQUISITIONS
Intermediate
PERFORMANCE MANAGEMENT
Intermediate
PERFORMANCE MANAGEMENT
Intermediate
REGULATORY COMPLIANCE
Intermediate
REGULATORY COMPLIANCE
Intermediate
SHAREHOLDER COMMUNICATIONS
Intermediate
SHAREHOLDER COMMUNICATIONS
Intermediate
Global reporting
Expert
Global reporting
Expert
M&A, JV
Expert
M&A, JV
Expert
F&A, HR, Compliance
Expert
F&A, HR, Compliance
Expert
Audit
Expert
Audit
Expert
IT
Expert
IT
Expert
HR
Expert
HR
Expert

Languages

English
Expert
Arabic
Intermediate
Hindi
Expert
Malayalam
Beginner

Training and Certifications

Certifications
Coursework
Certificate in International Auditing (CIA)
PG Certificate Program for Emerging CFOs
PG Certificate Programme for Emerging CFOs
ACCA Certificate in International Auditing (CIA)

Hobbies

  • Reading, Movies etc