Praful Rawat
Director of Finance at ACCL International- Claim this Profile
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Bio
Credentials
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Chartered Accountant
The Institute of Chartered Accountants of IndiaNov, 2006- Nov, 2024
Experience
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ACCL International
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United Arab Emirates
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Defense and Space Manufacturing
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100 - 200 Employee
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Director of Finance
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Sep 2020 - Present
Lead planning, development, and execution of finance operations to support strategic planning initiatives and processes globally. Develop monthly financial reports for stakeholders, provide feasibility analysis for new projects, and act as key person in investment decision-making processes. Ensure drafting and execution of finance SOPs throughout the department. Perform detailed analysis to prepare OPEX/CAPEX budgets, derive monthly variances, and recommend corrective actions. ● Enhanced personal capabilities of global finance team with 10+ direct reports for establishing a strong finance team. ● Increased operational excellence via Group’s financial forecasting, analysis, and reporting. ● Introduced and implemented SAP Blueprint over the group for real-time reporting. ● Devised best plans to optimize cash flow and ensure funds availability, including issuance of BG/ LC. Show less
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Rhine Shipping DMCC
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Dubai, United Arab Emirates
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Financial Controller
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Apr 2019 - Aug 2020
Achieved organisational targets by controlling technical accounting, budgeting, engaging stakeholder, and mitigating risk. Managed all aspects of Consolidation, Voyage profitability analysis, real time variance reporting, VAT filing, ship finance, and lease accounting. Maintained accuracy and reliability of monthly financial reports complying with IFRS/ IAS and declare results to board members. ● Drove work efficiency by installing ODOO, an ERP accounting module in integration with IMOS, an operational shipping module. ● Trained and guided finance team to focus on applying financial controls and compliances. Show less
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GOODRICH MARITIME PVT. LTD
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Transportation, Logistics, Supply Chain and Storage
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200 - 300 Employee
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Finance Manager
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Dec 2014 - Apr 2019
Recognized for effectively controlling financial functions of three entities under the group, including Goodrich Maritime LLC (NVOCC), Goodrich Maritime DMC EST (Chartering), and Goodrich Middle East DWC LLC (Tank farm). Worked with global agents by collating data and intercompany reconciliation with 28 own offices. Spearheaded core financial procedures, such as setting up KPI deliverables. Led corporate finance procedures for a Tank farm project, involving drawdowns, CWIP, and asset recognition. ● Replaced traditional financial procedures with new policies to attain set objectives. Show less
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Stellar Shipping Co. L.L.C.
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United Arab Emirates
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Maritime
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1 - 100 Employee
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Finance Manager
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Oct 2010 - Nov 2014
Steered overall department with five direct reports through smooth sailing of vessels and accurate maintenance of books for closing. Proposed innovative plans to led sale and purchase of vessels, P&I/ H&M insurance negotiations, legal cases, and bank loans restructuring. Maintained timely issuance of ship owning and ship managers audit reports. ● Provided continuous future-focused business analytics aligned with business requirements. Steered overall department with five direct reports through smooth sailing of vessels and accurate maintenance of books for closing. Proposed innovative plans to led sale and purchase of vessels, P&I/ H&M insurance negotiations, legal cases, and bank loans restructuring. Maintained timely issuance of ship owning and ship managers audit reports. ● Provided continuous future-focused business analytics aligned with business requirements.
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The Great Eastern Shipping Co. Ltd
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India
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Transportation, Logistics, Supply Chain and Storage
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700 & Above Employee
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Assistant Manager
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Aug 2007 - Sep 2010
● Steered AP/AR management, cash flow forecast, budgeting and variances, CP agreements, and demurrage calculation. ● Steered AP/AR management, cash flow forecast, budgeting and variances, CP agreements, and demurrage calculation.
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ITC Limited
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India
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Manufacturing
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700 & Above Employee
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Assistant Manager
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Feb 2004 - Jul 2007
● Led and controlled retail accounting of four shopping malls in SAP by ensuring accurate reporting complying with SOPs. ● Led and controlled retail accounting of four shopping malls in SAP by ensuring accurate reporting complying with SOPs.
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Education
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The Institute of Chartered Accountants of India
Associate's degree, Chartered Accountant -
University of Mumbai
Master's degree, Master of Commerce