Pralin Prasad

SAFEER TYRES GROUP - Al Quoz, Dubai, UAE
One of the Top5 Tyres & Accessories dealers in the UAE, Import & Export, Retails & Tyre Plus Service Centres.
Finance Manager - Nov 2023 to Jan 2026
Managing overall Financial & Accounting operations of the group assisted by a team and reporting to the Management.
Key Responsibilities:
• Managed overall Financial Controlling, Accounting and Reporting activities of the group.
• Budget Preparation, Controlling & Analysis; Identify variances and reporting to the management with the reasons for inconsistencies and suggested corrective actions.
• Daily, weekly & monthly Cash Flow Management with main focus on Receivables collections.
• Finalisation and closing of monthly/yearly accounts, preparing P&L, Balance Sheet and other MIS reports and presenting to the Top-Level management with strategic recommendations.
• Credit Control - Directed the credit control function, implementing policies that improved overall credit status and collection efficiency for over 500 regular wholesale customers.
• Implemented cost-saving measures, strict budget policies and regular monitoring on expenses.
• Ensure reconciliation of Inter-Company, Banks, Customers & Suppliers Ledgers on regular basis.
• Verify and authorise Supplier Payments, Petty Cash, WPS Payroll etc.
• Facilitate negotiation with suppliers / service agencies; check conformance to contract terms.
• Banking - Developed excellent working relation with banks & financial agencies and obtained credit facilities; Loans, TR Facilities, Cheque Discounting, Bank Guaranties, LC etc.

• Directs internal audits by review of Risks & Compliances, Customers Contracts, Sales incentives etc.
• Conducting monthly/yearly physical inventory checking & reconciliation.
• Assist External Auditors and other Department Heads by providing the information required.
• Fully responsible for the finalization of yearly Audit Reports and submission to the Authorities.
• Taxation Management - Quarterly VAT Filing, Corporate Tax compliance & Filing.
• Procurement & Logistics coordination, Inventory & Warehouse Management.
• Team Building; Supervise and review works of Jr. Accountants and provide them guidance and advice.

South American branch company supplying Tropical Hardwood, Timber & Logs to Middle East and Asia Pacific Region. The Group owns the following companies also:
Custom Timber Industries LLC, Dubai - Specialized in Saw Milling and supply of Custom cut products, Decking, Projects etc.
Bella Fleur Flowers Trading, Dubai - Floral Boutiques, Online Flowers Trading, Projects & Wholesale.

Finance & Accounts Manager - March 2021 to August 2023
Managing entire Financial Operations & Accounting of the group assisted by a team and reporting to the Managing Director.

• Managed overall Financial and Reporting activities of the organization.
• Budget preparation; Identify variances to actual and report to management with the reasons for inconsistencies.
• Finalisation and Closing of Monthly & Yearly accounts, Preparing P&L, Balance Sheet and other MIS reports and presenting to the Top-Level management.
• Daily, Weekly & Monthly Cash Flow Management with main focus to Accounts Receivables.
• Managing Treasury department for daily / future fund requirements.
• Credit Control - Managed Corporate & Govt. Entities Accounts Receivables for on-time collection.
• Verify and authorise Supplier Payments, Petty Cash, Payroll etc.
• Fixed Assets Management, Schedule, Timely Depreciation entries.
• Ensure reconciliation of Inter-Company, Banks, Suppliers & Customers Ledgers on monthly basis.
• Banking - Developed excellent working relation with banks / financial agencies for obtaining credit facilities such as Term Loans, TR Facilities Management, Cheque Discounting, Bank Guaranties, LC etc.
• Directs internal audits involving review of Risks & Compliances, Group Customers Contracts, Sales Teams incentives etc.
• Assist Internal & External Auditors and other Department Heads by providing the information required by them for their job and verifications.
• Fully responsible for the finalization of yearly Audit Reports and submission at Free Zone Authorities.
• Payroll & WPS Salary Management through bank’s portal.
• Facilitate negotiation with suppliers and other agencies; check conformance to contract terms.
• Procurement & Logistics coordination, Inventory & Warehouse Management.
• Conducting monthly/yearly physical inventory checking & reconciliation.
• Team Building, Supervise and review works of Jr. Accountants and provide them guidance and advice.
• VAT Accounting setup and filing.

Shipping / Logistics & Operations Experience:
• Managed full cycle of logistics operations; from ordering till delivery to customers via Sea, Air & Road.
• Import & Export documentations, Customs and Free Zone clearance etc.

HR & Office Admin Experience:
• Company Set up, Trade Licence Renewal, Free Zone Regulations, Visa Processing & Renewals etc.

NIPPON PAINT MIDDLE EAST FZE - Hamriyah Free Zone, Sharjah, UAE
(Group Company of NIPPON PAINT HOLDING Co. Ltd. Japan, Asia’s No.1 and world’s 4th biggest Paint & Coating Manufacturer. Nippon Paint Middle East supplies their paint & coatings to Middle East & Africa region.)

Finance & Operations Manager - Sep 2018 to Jan 2021
Managing Finance & Accounts, Logistics & Operations assisted by a team and reporting to the ME Vice President Business.

Job Profile as a Finance & Accounting Manager / Chief Accountant:

• Managed overall Financial and Reporting activities of the organization; vital for strategic business decision making.
• Budget preparation; Identify variances to actual and report to management with the reasons for inconsistencies.
• Finalisation and Closing of Monthly & Yearly accounts, Preparing P&L, Balance Sheet and other MIS reports and presenting to the Top Level management.
• Daily, Weekly & Monthly Cash Flow Management with main focus to Accounts Receivables.
• Managing Treasury department for daily / future fund requirements.
• Credit Control - Managed Corporate & Govt. Entities Accounts Receivables for on-time collection.
• Verify and authorise Supplier Payments, Petty Cash, Payroll etc.
• Fixed Assets Management, Schedule, Timely Depreciation entries.
• Banking - Developed excellent working relation with banks / financial agencies for obtaining credit facilities such as Term Loans, TR Facilities Management, Cheque Discounting, Bank Guaranties, LC etc.
• Directs internal audits involving review of Group Customers Contracts, Sales Teams incentives etc.
• Assist External Auditors and other Department Heads by providing the information required by them for their job and verifications.
• Fully responsible for the finalization of yearly Audit Reports and submission at Free Zone Authorities.
• Payroll & WPS Salary Management through bank’s portal.
• Facilitate negotiation with suppliers and other agencies; check conformance to contract terms.
• Procurement & Logistics coordination, Inventory & Warehouse Management.
• VAT Accounting setup and filing.

Shipping / Logistics & Operations Experience:

• Managed full cycle of logistics operations; from ordering till delivery to customers via Sea, Air & Road.
• Import & Export documentations, Customs and Free Zone clearance etc.

HR & Office Admin Experience:

• Company Set up, Trade Licence Renewal, Free Zone Regulations, Visa Processing & Renewals etc.

(A leading Pharmaceutical & Medical company since 1985 Imports / Exports & wholesale distribution of Pharmaceutical Goods, Lab Machines & Reagents, Biomedical Equipments etc)

Chief Accountant - Nov 2012 to March 2018
Managing Finance & Accounting with a Reporting team of 4 and reporting to the Managing Director

• Plan, direct and control overall financial and reporting activities of the organization; prepare budgets, forecast and other financial studies vital for strategic business decision making.
• Assist the top management in formulating financial policies and control procedures, financial decision making, business planning and feasibility studies.
• Schedule, coordinate distribution of work for subordinates and ensure timely completion, accuracy and compliance with the company policies and procedures.
• Daily & Monthly Cash Flow Management with main focus to Accounts Receivables.
• Budget preparation; Identify variances and work on identifying the reasons for inconsistencies.
• Managed more than 500 plus customers at Pharma Service Co. ensuring Accounts Receivables are collected on time.
• Verifying and authorise Payments, Petty Cash, Payroll, Prepayment schedule, Insurance schedule, Suppliers payments etc.
• Fixed Assets Management, Schedule, Timely Depreciation entries.
• Finalisation and Closing of Monthly & Yearly accounts, Preparing P&L and Balance Sheet & Cash Flow Statements.
• Banking - Developed excellent working relation with banks and other financial agencies for obtaining credit facilities on best possible terms, TR Facilities Management, Cheque Discounting, Bank Guaranties, LC etc.
• Facilitate negotiation with suppliers and other agencies; check conformance to contract terms.
• Directs internal audits involving review of Group Customers Contracts, Sales Teams incentives etc.
• Assist Auditors and other Department Heads by providing the information required by them for their job and verifications.
• Payroll & WPS Salary Management through bank’s website.
• Identifying training needs for the team, exploring development opportunities and planning for succession.

Chee’s Group Holding N.V., Suriname, S. America

(A Holland based Group company deals with Gold Mining & Exporting, Mining Projects & Eqipment Supplies, Commodities & Forex Trading, Manufacturing - Wholesale & Retail of Jewellery, Diamonds and Luxury Watches, Fashion Retail, FMCG, Construction & Housing Project developments)

Accounts Manager - April 2006 to August 2012
Reporting to Director of Finance

Managing the Finance & Accounting and Reporting team of 8 and reporting to the Director of Finance.

Job Profile:

• Assisting the Director of Finance in the control and coordination of all activities within the finance department to ensure the prescribed systems and procedures of the company are implemented effectively.
• Plan, co ordinate and schedule distribution of work for subordinates and ensure timely completion, accuracy and compliance with the policies and procedures.
• Finalizes monthly accounts and pass the necessary entries for closing the books and prepares periodic financial statements in accordance with international accounting standards.
• Preparation of monthly, quarterly and yearly P&L and Balance Sheet, Fund Flow & Cash Flow Statements.
• Performs other analysis for internal control such as Ratio Analysis, Fund Flow Statements etc.
• Check and authorise Payments, Payroll, Monitor and verify Fixed Assets schedule, Prepayment schedule, Insurance schedule, Suppliers payments etc.
• Prepare department budgets and their variance report, comparing actual with budgeted expenses.
• Identifying training needs for the team, exploring development opportunities and planning for succession.

Senior Accountant - April 2003 to March 2006
Reporting to Accounts Manager

Job Profile:
• Supervise & coordinate the Accounts division; manage the day to day financial transactions of the company ensuring that all accounts responsibilities are handled efficiently and effectively.
• Responsible for daily funds position, receivables position & reporting to Accounts Manager.
• Ensure reconciliation of all general ledgers & sub ledgers on monthly basis.
• Reviewing of Accounts Receivables, Accounts Payables, Sales Invoices, Purchase Invoices, Receipt Vouchers, Petty Cash and Journal Vouchers by weekly basis.
• Monthly basis reviewing of Depreciation and passing of Depreciation entries.
• Supervise and review the work of Jr. Accountants and provide them guidance and advice.
• Conducting monthly physical stock taking & reconciliation.

July 2000 - March 2003: Worked as an Accountant with Al Jumaira Group of Companies, Al Ain, UAE (Jewellery & Diamonds Division, FMCG, Studios & Department Stores and Wholesale Division)

Job Profile:
• Day to day entry of Accounting documents like Receipt & Payment Vouchers, Journal Vouchers, Cash & Bank entries etc.
• Preparation of various MIS reports like Receivables and Payable positions, Status of Bank and Cash Positions, Sales Analysis Reports, Inventory Reports etc.
• Sales invoice generation and follow up of Accounts Receivables.
• Petty cash management.
• Bank Reconciliation, Preparing Payrolls as per UAE rules of Leave Pay, Gratuity etc.
• Commercial correspondence with suppliers and other various agents.