About Tapan Pradhan

  • Academic Level Master’s Degree
  • Age 48 - 52 Years
  • Salary 3809
  • Gender Male
  • Industry Finance

Description

• A focused and result oriented professional with over 20 years of experience in:

Finance & Accounts
Auditing
VAT Implementation
MIS
Strategic Planning
Business Analysis
Cash Flow Management
Team Management
Recruitment
Liaison & Coordination
Robotic Process Automation

• Expertise in Retail, Electrical & Power Equipment Manufacturing, Logistics& Paper Manufacturing domains with rich international exposure (Dubai, UAE)
• A strategic planner with expertise in analysing existing financial systems & procedures, preparing annual operating plans, designing internal control systems and facilitating effective decision-making
• Demonstrated excellence in achieving operating excellence and improving bottom line profit
• Acquired hands-on experience and sensitisation to the challenges of growth & change management at all levels of business and operations, honed skills in anticipating and visualizing scenarios beforehand
• Highly accomplished accounting & finance management professional with skills in achieving greater organisational efficiency & profitability by reducing the organisational risk through comprehensive changes to each department
• Proficient in conducting financial analysis, preparing MIS reports and implementing systems for operational effectiveness; adroit in exercising internal control for profit analysis and enterprise asset & working capital management
• A forward-thinking person with communication, analytical, organizational, proactive, confidential and reliable partner skills for top management; exceptionally well organized with a track record that demonstrates self-motivation, creativity and initiative to achieve both corporate and personal goals

Education

Experience

  • 2019 - Present
    ASWAAQ RETAIL LLC

    Finance Controller

    • Controlling Accounts and Finance Functions • Process re-engineering, 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 • Working on Robotic Process Automation (RPA), CCO Process Automation, Receiving to Invoice posting automation • Working Vendor Portal Management implementation • Budgeting, Monthly MIS, Cash Flow Management, Forecasting, Steering Committee Presentation • VAT Return Filing and VAT Refund processing • Implementation of Cyclic Inventory Process • Implementation of smart banking channel for remittance or payment vendor, salary, e-dirham, naqudi, utilities • Working on Inter-company process automation • Liaising with Internal and External Auditor • Compliance of IFRS 9, 15 and 16

  • 2017 - 2019
    ASWAAQ LLC

    Consultant

    • 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 period of 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

  • 2006 - 2017
    APPAREL FZCO

    Senior Manager (Accounts & Finance)

    • Instituting the financial and accounting policies & systems; establishing product line profit & loss statements to identify opportunities & risks; discussing the business plan with the Senior Management Team for corporate policy development • Steering overall financial operations encompassing annual operating plans (AOP), budgeting, business plan, feasibility study, 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 • Monitoring project valuations as well as valuations based on financial projections; conducting effective operational analysis & strategic recommendation to company’s management team • Steering the treasury function with responsibilities including long & short-term funding, economic & industry comparisons, business MIS and reviews, strategic & annual planning • Assessing & analysing organization’s revenues, liabilities, credit conditions, and other financial indicators to forecast its short, medium, and long-term cash flow position • Ascertaining the process of payment for overseas & local vendors, permitting the Group Companies’ Payments • Collaborating with banks & financial institutions for fund raising; utilizing funds to meet working capital and project requirements • 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 • Understanding and coordinating for business needs& enhancements; formulating strategies for development of New Customized Information System as per organizational needs • Providing end-to-end management of projects from conceptualization to the final execution of projects; interfacing with different teams for business requirements gathering, analysis & finalization of specifications and service delivery • Directing as team of 6 for rendering support to clients 24/7 as per the requirement for confirmation & approval o Support Team o Corporate Team o Accounts Payable Process • Recommending and implementing operational service improvements; adhering to corporate quality compliances, and other corporate quality initiatives • 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 • Conducting financial due-diligence for acquiring the assets and takeover of existing business set-ups • 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 • Analysing the posting of GRNs in WMS and Microsoft Navision (ERP based Accounting Software) on Import Shipments and Inter-Company Transactions • Consolidation of Group Companies. Significant Accomplishments: • Pivotal member of the Team for the implementation of Oracle in Jan’17; conducted UAT and worked on all modules of Oracle including AP, AR, FA, Cash Management, Procurement, ReIM, ReSA, RMS, RPM, RTM, RWMS, SIM • 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 • Implemented the accounting system and trained staff on all accounting modules • Devised and initiated measures to recover old receivables and simultaneously introduced a number of controls/procedures in the Sales Accounting function • Secured sanction of loan proposals for troubled companies valued at US$ 100 Million • Spearheaded Group Financial Reporting (internal and external) • Regulated global consolidation of financial results with a team of 15 direct and approximately 60indirect reports • Prepared, analysed, and presented the consolidated financial statements to the Group CFO and Chairman • Worked with the Group CFO and Region Controllers to ensure GAAP and Group Policy Reporting compliance • Provided support to the GCC based accounting team for accounting of corporate and intercompany transactions and to the India and Oman team for tax accounting and reconciliations; have started working on VAT-UAE • Played a key role in initial requirement gathering for the implementation of SAP / ERP and AP/FA/ReIM; worked as key trainer for SAP (AP Module)

Expertise

Taxation

Honors & awards

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