Prakash Udayanakumaran, Regional Financial Controller

Prakash Udayanakumaran

Regional Financial Controller

MENACOM GROUP

Location
United Arab Emirates
Education
Master's degree, Accounting, Tax Laws, Company laws, Finance
Experience
20 years, 9 Months

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Work Experience

Total years of experience :20 years, 9 Months

Regional Financial Controller at MENACOM GROUP
  • United Arab Emirates - Dubai
  • February 2002 to January 2016

Piloting a finance team dealing with a Advertising Revenue of USD 0.5 Billion
Coordinating with external in finalising annual financial statements for the entire group including consolidation reports.
Coordinating with internal auditors for SOX implementation in the Group
Consolidating Group financial reports on a monthly basis and report to WPP like flash report, Actual report, New Business Report, OMI report, Yearend reports etc.,
Monitoring Group results with Budgets and Forecasts on a monthly basis
Coordinating with WPP HQ in London for various Group reports / follow up issues on a monthly basis
Coordinating with bank for facilities required for the group
Monitoring the cash pool movements on a daily basis
Coordinating with due diligence auditors for the group acquisition by WPP in 2008 (Acquisition of Majority shares in the group by WPP)

HANDLED AUDITS FROM FINANCE SIDE
Yearly Statutory Audit
Sox Audit (Audit on Implementation of Sox Guidelines, policies and procedures)
Internal Audit
Client Audits
Due Diligence Audit
Fair Value Audit
Earnout Audit


Key Accomplishments:

Coordinating with local operations Manager for starting new branches at Oman, Qatar and establishing offices in FZ for all the brands under Menacom Group
Organising and conducting regular training for SOX Implementation in the Group
Partly involved in Implementation of new accounting software Visual Dolphin system for the entire group
Creating various departments within the office in order to have specialised services to clients like Planning, Strategy, buying, Social Media etc.

FINANCE MANAGER at METRO GROUP OF COMPANIES
  • April 1995 to December 2001

Managed finance team in their direct reporting to MD
Provided monthly Forecasting
Performed Cash flow management and analysis
Conducted variance analysis combined with suggestions for improvement of profitability
Preparing cost of production for one of the manufacturing unit in the group
Contributed in Performance reporting with prepositions for development
Coordinating in preparing documents related to Planned IPO issue by one the Public Limited Company in the group
Implementation of Internal control procedures in the factory for smooth and accurate usage of raw materials

Education

Master's degree, Accounting, Tax Laws, Company laws, Finance
  • at Institute of Chartered Accountant
  • January 1992

Professional Degree In Finance and Accounting

Bachelor's degree, Accountancy, Financial Management
  • at University of Madras / Institute of Chartered Accountants of India
  • January 1987

B.com, Chartered Accountant

Specialties & Skills

ACCOUNTANCY
ACCOUNTING
ACCOUNTING SOFTWARE
ADVERTISING
BUDGETING
CASH FLOW
FINANCE
FORECASTING
MATERIALS MANAGEMENT
REPORTS

Languages

English
Expert