Tapan Pradhan

• Controlling Finance and Accounts Functions
• Developing SOP and update of Policies & Procedures. And communicates group accounting policies and procedures.
• Strategic decision making, Developing Key Initiative, Business Plan, Feasibility Study, KPIs
• Budgeting, Forecasting, Balance sheet and cash flow forecast modelling.
• Processes improvement, liaison with finance managers to resolve issues, reviewing territory results, budgeting and forecasting and controls
• Segregation of Duties and optimization of efficiency of end-to-end processes.
• Reviewing weekly, monthly reporting the group and all three entities. Provides direction and guidance to finance team.
• Liaison with Auditors, ensuring timely audit. Implement and monitoring audit recommendations.
• Monitoring weekly finance operations, liquidity, intercompany funding and inter-company reconciliation activities
• Monitor and control the group consolidation process of actual results, variances, reason for variance and observations and action plan and recommendation
• Implement and follow IFRS accounting standards and compliance of local rules and regulations
• Monitoring the actual performance of group against business plan, and previous year’s performance of profitability, balance sheet, working capital, cash flow.

• Controlling Accounts and Finance Operation, Month End Closing and Monthly Reporting to Management on schedule date
• Process improvement & Simplification in ERP, Process mapping, Developing and update of Policies & Procedures
• Strategic decision making, Developing Key Initiative, Business Plan, Feasibility Study, KPIs
• Acting Chairperson of Tender Committee, acting member of Investment Committee, Acting member of Information Technology Committee, Improving the process of Procure to Pay
• Working on Robotic Process Automation (RPA), CCO Process Automation, Receiving to Invoice posting automation
• Working Vendor Portal Management implementation, PDC and Security Cheque Management
• Budgeting, Monthly MIS, Cash Flow Management, Forecasting, Steering Committee Presentation, Standardization of Reports
• Approving JVs, Revieing Reconciliations, Monthly Provisions, VAT Return Filing and VAT Refund processing
• Implementation of Cyclic Inventory Process, Implementing Shared Services of Finance Functions in three verticals
• Implementation of smart banking channel for remittance or payment vendor, salary, e-dirham, naqudi, utilities
• Working on Inter-company process automation, Reviewing Inter-company Reconciliation
• Liaising & supporting Internal and External Auditor, Finalization of Financials (P&L, Balance Sheet, CF)
• Compliance of IFRS, Communicating with various stakeholders, Quarterly Reporting to Board of Directors

• Implemented VAT Compliance Accounting Services in the Group, Providing VAT Training and VAT Awareness Program across
the Group, VAT Liability calculation, Review of Policies and Procedures, Implementation of Capital Budget Scheme as per VAT Law in UAE in Capital Project, VAT Return Submission, Attending Board Meeting for VAT Clarification Requirements, Working on IFRS.
• Validation of Full Tax Invoice Format across the board, Validation of Simplified Tax Invoice Format across the board, Validation of Tax Credit Notes Format.
• Validation of VAT compliance Accounting, Reverse Charge Mechanism support service, Validation of VAT Return Format, Review of monthly VAT Return (Exceeding threshold limit of AED 150 million), Monthly VAT liability payment clearance through e-dirham channel,
• VAT compliance pricing strategy, VAT compliance promotion strategy, Input VAT credit validation, VAT invoice issuance time strategy, VAT liability validation/Point of VAT liability creation, VAT compliance return policy by customers, Adoptions of Update/Amendment of VAT Executive Regulations of FTA on regular basis,
• Rebate calculation with documentation mechanism as per VAT Law,

• Impact on financial transactions before and after VAT implementation date 01-01-18 in the periodof transition, Impact on commercial property leasing, Impact on constructions contracts, VAT compliance return policy by customers, Review of contracts
• Impact study on IFRS-16 and implementation across the Group.
• Process Re-engineering based on VAT Policies & Procedures
• Corporate Re-structuring or De-merger - Functional Requirement Documentation and Advisory work on transferring Business Units from Holding to Subsidiary Companies.
• Registration of Tax Group at FTA. IFRS 5, 9, 16, Impact study and calculation of IFRS 16.
• Working on Robotic Process Automation (RPA)
• Chairperson of Tender Committee, Member of Risk Management Committee, Member of Steering Committee, Member of Budget Committee
• Leading cost reduction and cost control
• Process Re-engineering, Exposure draft on policies and procedure

• Steering overall financial operations encompassing annual operating plans (AOP), budgeting, reporting, consolidation of financial statements, taxation, auditing and so on for 4 LLC& 1 FZCO companies involving about 66 international brands and 1700 more shops in UAE
• Establishing internal control disciplines throughout the region towards maintaining integrity & accuracy of financial reports
• Ascertaining the process of payment for overseas & local vendors, permitting the Group Companies’ Payments
• Devising audit plan for the year and ensuring that the internal audits are completed within timelines; liaising with the External Auditors during the year-end to represent the overall disclosures in financial statements
• Working as Team Member of Implementation of Oracle; devising Import & Export operations for managing Auto Payment & taking confirmations as well as regulating treasury function
• Administering accounting functions; heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial and process controls
• Executing systems, procedures & manuals for preparation & maintenance of statutory books of accounts & financial statements, ensuring compliance with statutory requirements
• Simplifying formulation of various accounting & budgetary policies, while observing the daily computerized accounts
• Analyzing the posting of GRNs in WMS and Microsoft Navision (ERP based Accounting Software) on Import Shipments and Inter-Company Transactions
• Consolidation of Group Companies.
• Pivotal member of the Team for the implementation of Oracle in Jan’17
• Led the implementation of Microsoft Navision (ERP), Oracle Fusion (ERP) software, which improved financial and job cost tracking and reporting as well as provided accurate in-house asset valuation and depreciation information