PRAKASH SHETTY

Industry Type : Oil & Gas - Medium & Deep - Workover & Drilling Land Rig Services.

• Major Clients : CHEVRON (Joint Operations), KOC.
• Independently handling of Finance & Accounts functions for a major Drilling Company.
• Overseeing & leading the team of Accounts Receivable & Accounts Payable, Payroll and banking
• Implementing monitoring of Internal controls, Auditing, Costing, Statutory compliance
• Commercial intelligence - Purchases & Negotiations, Sales and management, Accounting, Material Accounting and Inventory control
• Provide accurate and timely financial information and reports to facilitate the decision making process and ensure success of the corporation
• Responsible for the annual budget process, provide monthly reviews and implementing Business plans and other programs
• Periodic reviews of cost center wise profitability and advice management as necessary
• Contracts management including monitoring of BGs, Insurance policies, sub contracts
• Working with key management (CFO, CEO & Project Head) to support and achieve business objectives
• Active involvement in financial forecasts, annual plan/budget, long-range plan and programs associated with driving business growth and productivity
• Banking - Oversight of bank receipts, Loan repayments and Overdraft facility and control through regular bank reconciliations and review, as necessary
• Preparation of Quarterly profitability statement and variance analysis & MIS reports
• System development and implementing internal control to smooth functioning of financial activities of the department
• Managing working capital to timely payment of monthly salaries, Loan repayments, subcontractor payments and vendor payments to smooth functioning of operations
• Coordination with Auditors for financial audit and finalization of accounts
• Cash flow projections to predict future trends and developments
• Controlling and planning of Capital Expenditure and Fixed asset management

• Ensure daily reviews & reporting of accounting entries and reconciliation
• Responsible to ensure timely reconciliation of all sundry accounts and develop and maintain proper and effective follow-up system for any outstanding entries
• Assist in maintaining adequate internal financial control procedures for all financial functions including adequate separation of duties
• Drive the preparation of Quarterly /annual financial accounts
• Review and analyze variations of income, expenses and balance sheet figures
• Budgeting & forecasting, review of variance analysis
• Assist in the preparation of the year end accounts in conjunction with External & Internal Auditors
• Cash Flow management and Bank Reconciliation
• Expenditure Management- Control expenditure and ensure expenditure is accounted
• Planning and Budgeting- Assist in the preparation and submission of annual budgets and monitor progress towards their achievement
• Monitor the operating and capital expenditure to ensure adherence to budgeted limits
• Industry Type : Manufacturing - Home Appliances

• Suprajit Engineering Limited
• Pune, INDIA
• Industry Type : Manufacturing (Auto-Ancillary)

• Industry Type : Manufacturing (Powder Coatings)