R.Prabu, B.Sc., A.C.A

No. **D, Velachery Tambaram Main Road, Velachery, Chennai –42.

Ph: 996-***-****/984******* Email: adnmlz@r.postjobfree.com

With 25 years of comprehensive experience in

GENERAL ACCOUNTING FINANCIAL REPORTING

BUSINESS STRATEGY PROJECT FINANCE

FUND MANAGEMENT COSTING

TAXATION TRADE FINANCE

MIS/ANALYTICS LEGAL/SECRETARIAL

ERP SYSTEMS STAFF MANAGEMENT

PROFESSIONAL EXPERIENCE / ACCOMPLISHMENTS

Goodwin Group Nov’15 ~

CFO & Director

Provide strategic direction and financial decision support to the organization by establishing, monitoring and enforcing financial and operational analytics, accounting policies, procedures and controls. Implement sound financial management paradigms for maximization of returns on investments, effective management of cash-flow and minimization of risk exposure. Ensure all legal and compliance requirements of the organization are met without exceptions. Achieve the aforesaid purpose through a strong, vibrant and responsive F&A team.

Serve as a pivotal member of the senior management team responsible for formulation of the overall organization strategy and short term / long term business plans with respect to target markets/ customers, product/services strategy, cost optimization initiatives etc. and provide timely and accurate input on the financial parameters involved.

Responsible for providing regular reports and inputs for designing the corporate strategy, risk and mitigation plans, going forward strategy, etc., pertaining to financial aspects of various business plans (across businesses)

Build/strengthen F&A team that helps provide seamless and timely support to the business.

Responsible for managing and raising debt for the organization

Driving budget/forecasts processes and analysis and reporting.

.Prabu, B.Sc., A.C.A (Page Two)

Oversee effective taxation planning and compliance for the organization

Provide Managerial and leadership oversight over Procurement, HR, Admin & Production & Sales functions.

Advice and assist CEO on all matters relating to business.

Fulfill Group business objectives and goals.

Responsible for overseeing finance functions in South Asia

Ensure all legal and regulatory requirement are fully complied

Key Achievements

Successfully Streamlined the Statutory Audit process with KPMG

Streamlined the Monthly Group Reporting Process

Driving the continuous cost improvements in the procurement activity

Put in controls to manage the credit control functions

Put in place working capital facility in India business

Successfully passed on cost inflation to the customer through price increase without any adverse impact to the business.

Setup EASAT Radar business in India

Completed acquisition of Group company as a step down subsidiary of Gold star India

Conceptualized and initiated book building for the ultimate reverse merger of holding with subsidiary company in India.

R.Prabu, B.Sc., A.C.A (Page Three)

Packaging India Pvt. Ltd(Amcor Group )

CFO June’09 ~Nov’15

Strategic Planning

Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control.

Instituting internal control systems viz. Receivables, Payables, Inventory as well as keeping a constant vigil over overhead expenses.

Explore various business acquisition / JV opportunities in the market, evaluating company buyout / asset buyout options.

Finance &Accounts

Presenting a true & fair view of the financial position of the company by preparing financial statements viz, P&L Account, Balance Sheet and annual reports.

Conceptualizing, implementing and supervising general ledger and financial reporting processes and on time compliance of accounting standards.

Establishing documented systems, policies, desk manuals and procedures in finance and accounts, establishment and implementation of accounting controls.

To provide necessary support & training to Account personal so that they can discharge their responsibility efficiently.

Focus on co-ordination with other departments for collection of data/information for timely recording of transactions & develop system and processes to eliminate non value added activity and to minimize errors for improving efficiency.

Interfacing with Auditors-Statutory and Internal auditors and providing them with all necessary documents for the audit process.

Regular monitoring of banks, financial institutions, vendors & customers reconciliations.

Review authorization, documentation, control and accounting of Fixed Assets.

To ensure closing of Books of Accounts in timely and effective manner.

Monitor corporate policies & procedures and ensure compliance.

R.Prabu, B.Sc., A.C.A (Page Four)

Costing

Ensure job costing of all jobs run on a monthly basis

Ensure comparison of Standard Vs Actual Cost and variance analyzed and reported

Ensure conducting cost meeting on a monthly basis and all jobs are reviewed structure wise & customer wise and decisions are taken to drop jobs with less than targeted contribution/ not profitable jobs and also ensure detailed production action plans are drawn for jobs identified for process /productivity improvement.

Budgeting & MIS

To Prepare & implement budgetary control system in order to control the cost.

To prepare Annual Business Plan & Monthly Targets.

Variances analysis report for Actual Vs Budgets & implementing corrective action plans.

Timely & accurate submission of various MIS reports i.e. monthly profitability, preparation of monthly cash flow statement, analysis of production & sales data, product wise costing & profitability, critical over dues, ratio analysis, etc.

Ensure monthly reporting of financial results are submitted on time for Group Consolidation and reporting.

Treasury

Implementing financial results forecasting system for providing accurate future results projections and budgeting system ensuring timely compilation and presentation of Budgets.

Monitoring cash flows and ensuring that funds are arranged in the most cost effective manner after projecting accurate cash forecast ensuring that there is no shortage of cash in hand.

Raising finance by way of working capital, project financing from Finance Institutions / Banks and preparing project report & corporate presentation.

Preparing working capital monitoring reports for the Banks provisional balance sheets & profit and loss account.

Dealing in Forward Contracts/hedging of foreign currency liabilities arising under import and export contracts.

.Prabu, B.Sc., A.C.A (Page Five)

Commercial/Export Documentation

Evaluate commercial implications of alternative vendor/product proposals.

Develop standard cost templates for various product SKU’s to enable sales team to finalize pricing.

Ensuring accurate &timely documentation of all Export & Import documents as per UCP 600, including discounting of export documents, DEPB claims from customs, and minimized export discrepancy charges from Issuing Bank.

Taxation, Legal & Secretarial

Ensuring timely filing of returns such as Direct & Indirect Taxation as per the relevant acts.

Continuous monitoring of statutory payments & taxes, Computation of advance tax.

Preparing the details for computation & filing returns of Excise, VAT, Service Tax, e-TDS etc.

Preparation of details for filling tax return of company for the financial year.

To advise the CEO on all legal matters both as a proactive measure and on specific legal requirements.

Total end-to-end legal responsibilities and solutions for all matters that could have any legal or contractual interface.

All company secretarial activities such as convening meetings, ROC compliance etc..

Key achievements (Packaging India)

Played a key role in the business turnaround and improvement in the financial health of company.

Improved the rigor of budgeting process by making it has a more robust, high detailed, high ownership & high stake process.

Handled the Financial Closure to the tune of Rs. 100 Cr with banks for project expansion and working capital facilities.

Improved the treasury management process and reduced the average cost of working capital to base rate minus 100 bps level.

Put in place a robust forex risk management process and reduced the P&L volatility on account of Forex movements.

R.Prabu, B.Sc., A.C.A (Page Six)

Reduced the time taken for statutory accounts finalization from around 5 months from book closure date to 25 days & improved the monthly group reporting score from one of the poor scoring team to the best in the group.

Played a very important role in the company for employees at all levels to understand costs, challenge capacity assumptions and drive process efficiencies.

Ensured that some of key litigations facing the company were handled successfully and got favorable verdicts.

Have put in place a robust ERP system which captures costs & revenues at each job/SKU level on a real time basis to enable better & timely decision making.

Put in place an effective credit control process which has reduced the credit risk and improved the customer DSO by 6 days.

Have played a key role in successful completion of due diligence, valuation and completion of sale of Packaging India to Amcor Flexibles.

As Integration – Director, ensured the successful integration of both the companies at all functions and driven realization of synergies benefits worth USD 2 Million in year 1.

TishmanSpeyer (India) Private Limited

Financial Controller Mar-08 ~ Feb-09

Ensure that finance aspects of projects adhere to overall Finance strategy and guidelines

Financial reporting & providing business support.

Ensure compliance with all government regulations, secretarial, accounting principles and standards for projects

Interact with managers in the areas of finance, contractual aspects and regulations

Ensure timely quarterly and annual closure of books and smooth conduct of internal and external audit

Ensure reporting as required under Indian GAAP and IFRS.

Understanding the change in project dynamics and projecting the financial implications of the same

Ensure compliance with related laws and timely filing of various returns as well payment of taxes in time

Supervise staff and provide day to day direction, mentoring, proper distribution of work load, create developmental plans and conduct performance evaluations

R.Prabu, B.Sc., A.C.A (Page Seven)

Monitor and manage cash and fund requirements and flag the requirements well in advance to ensure timely arrangements of funds

Monitor project expenditure against budget and highlight significant deviations for timely action I

Implement systems and processes to carry out day to day accounting functions as well ensure accuracy of reports.

Key achievements (in TishmanSpeyer)

Handled the Financial Closure to the tune of Rs. 350 Cr with IDBI bank for the Chennai project.

Got the project approved by leading public sector banks/private sector banks for retail financing.

Setup the accounting system & commercial controls for the company.

Handled the implementation of the ERP system (MRI).

Lincoln Electric Company (India) Pvt. Ltd

Financial Controller Jan-07 ~ Mar-08

Monthly Financial Reporting of India operations to US Head Office as per USGAAP.

Ensuring all capital expenditure proposals is properly approved and expenditures are tracked.

Continuously keep a track on all changes in project implementation; regularly update the base financial model and keep the management team updated about the overall financial impact of the changes.

Closely coordinate with marketing and technical staffs and evaluate all business proposals to prepare business plans.

Maintenance of regular books of accounts for both Liaison office & legal entity.

Ensure Fringe Benefit Tax, TDS & Service Tax requirements are fulfilled.

Develop SAP implementation Strategy for INDIA operations.

Regularly review the sales & expenditure budgets and monitor and report key variances with actual.

Ensure auditors, legal advisors & tax consultants are identified and appointed.

Ensure compliance with all secretarial & RBI requirements.

Key achievements (in Lincoln)

Developed the project plan ( Financial Model) for the India Green Field Project and got the Capex Approved

Handled the closure of liaison office& setting up of the India legal entity

R.Prabu, B.Sc., A.C.A (Page Eight)

Setup the accounting systems, internal controls and policies in place.

Developed the SAP implementation strategy for the company

Maersk IT Services Pvt. Ltd (previously P&O Ned Lloyd IT Services Ltd)

Finance Manager June-03 ~ Jan-07

Responsible for the entire account receivable function of the company which is centralized in the service center.

Handled the responsibility of moving all the accounting functions (Billing&Receivable, Payable, Financial Reporting and Trade Reporting / MIS) in P&O Nedlloyd to Maersk (Sunset Team).

Handled the responsibility of financial planning & entire accounting function for the service center.

Ensured that accounting policies, systems and procedures are developed, implemented and updated to ensure proper recording, measurement and reporting of the Company’s financial transactions, its asset and its liabilities.

Consolidation, controlling and evaluation of Profit and Loss, Balance Sheet and Cash Flow for a number of Areas and entities.

Responsible to assist management in understanding the costs, revenues, head count and other statistical data with a view to take informed decisions.

Ensuring the establishment and maintenance of proper internal controls.

Responsible for evolving & defining Key Performance Indicators (KPI’s) for each activity and also ensure that they are up to date and that correct data is delivered.

Overall responsible for the accurate and timely preparation of financial statements and reports.

Responsible to hire and staff the center and also to manage the appraisal and chart career path of the team.

Key achievements (in Maersk)

Responsible for successful implementation of a certified “Green Belt” Six-sigma project to identify & plug possible revenue leakages. Saved around USD 2 Million per annum.

Reduced the Unprocessables from around USD 19Million to USD 3.50 Million.

Managed to bring down DSO (Daily Sales Outstanding) from 39 days to 33 days.

Successful Implementation of SAP Financial & Controlling Module in Chennai service center.

Conceived, initiated & implemented cross-functional training for all staffs.

R.Prabu, B.Sc., A.C.A (Page Nine)

Ensured automation of various finance activities like sending weekly aging reports, monthly credit controls dunning letters, customer specific reports & generation of sundry invoices.

Hyundai Motor India Ltd

Assistant Manager-Finance (Treasury & Accounting) Apr-98 ~June-03

Responsible for raising & managing Funds by proper planning of funds flow to ensure appropriate levels of balances in accounts and to make funds available at the most appropriate time.

Responsible to ensure that all statutory compliances including adhering to FEMA rules are followed while handling all foreign currency transactions.

Advice management on the impact of Double Taxation Avoidance Agreement entered into with various countries on various issues like Technical Fee, Royalty and Dividend payment and capital gains tax.

Responsible for all tax and statutory matters - RBI, IT, ROC etc.

Handling all import & export formalities including LC’s, Bank Guarantees, EPCG obligations etc.

Responsible for the overall risk management of the Company including appropriate coverage of all risks of the Company by placing appropriate insurance covers.

Financial review & vetting of all customer & vendor contracts.

Report Top Management on periodic performance updates and analysis

Key Achievements

Successfully managed an investment portfolio of Rs.600 Crores (USD 130 Million) for over 3 years.

Involved in rising of foreign currency debt & Indian debt amounting to USD 150 Million.

Successfully negotiated with the banks & reduced the foreign currency dealer margins, charges on imports, export, bank guarantee & other transactions. (Approx. Savings – USD 120,000 per annum)

Developed Risk management & Investment policy of the company.

Responsible for the development of Import & Export Finance System.

MPL Group Aug-96 ~ Apr-98

Finance Manager

Responsible for the entire financial activities including establishment of required accounting system, maintenance books of accounts, reconciliation’s, statutory audit, & finalization of accounts.

R.Prabu, B.Sc., A.C.A (Page Ten)

Preparation of monthly financial statements & reporting to Ford India Limited for subsequent consolidation of operation in India and globally by Ford Motor Company, US.

Formulation of retail financing schemes with Ford Credit India Limited, other finance companies & Banks. Availment, monitoring & administration of wholesale finance provided by Ford Credit.

Preparation & filing of annual Income Tax /TDS returns for the company/ employees & completion of Income Tax assessment. Responsible for filing monthly sales tax returns, maintenance of statutory registers & completion of annual sales tax assessment.

Responsible for advising the management & employees on Income Tax Planning issues.

Key Achievements ( in MPL)

Enhanced the existing working capital limits and raised the term loan for the MPL Ford Project.

Computerized the Manual System of Accounts using TALLY Accounting Package at Head office (MPL Parts & Services Ltd).

Successfully Implemented an ERP Package –Progicar, automobile dealer software used by all FORD dealers globally, at MPL Ford division.

Handled Finalization of accounts, Income tax & sales tax assessment of the company for 3 successive years.

Ayyavoo& Co / K.R.Rajaram& Co (Audit Firm) Aug-92 ~June-96

Audit Clerk

Performed statutory / internal audits on public/private companies, partnership firms & individuals.

Involved in preparation of statement of income & filing of income tax returns of public/private companies, partnership firms & individuals.

Involved in maintenance of books of accounts for individuals & Partnership firms.

EDUCATIONAL QUALIFICATIONS/ PROFESSIONAL AFFLIATIONS

B.Sc.Mathematics from D.G.Vaishnav College, University of Madras 1992

Associate Member of Chartered Accountants, Institute of Chartered Accountants of India, May 1997

R.Prabu, B.Sc., A.C.A (Page Eleven)

COMPUTER SKILLS

DOS/Windows/AS400/Oracle- MS Office (Excel, Word & PowerPoint), Outlook & Lotus notes.

Accounting Packages - Tally/Quicken/Progicar

ERP System –JD Edwards, People soft, SAP, Navision & Ramco

Reporting Tools – Business Objects, Cognos, MS Impromptu & Hyperion.

Personal Details

Date & Place of Birth: 17-Aug-1972, Chennai, India.

Marital Status: Married

Family Details: Wife, Geetha Prabu is working as a Project Manager in HCL Technologies; Son, Vidhu Prabu is studying Class 8 & Daughter, Keshika Prabu is studying Class 4

Contact this candidate