Shaneel Prasad, FMVA®
Commercial Manager at Cavity Sliders- Claim this Profile
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English -
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Hindi -
Topline Score
Bio
Credentials
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Corporate & Business Strategy
Corporate Finance Institute® (CFI)Jun, 2020- Nov, 2024
Experience
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CS Cavity Sliders
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New Zealand
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Construction Hardware Manufacturing
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1 - 100 Employee
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Commercial Manager
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Sep 2022 - Present
As part of the leadership team, the core purpose of my role is to provide accurate financial information to key decision makers in the business. This incorporates financial reporting, business budgeting and forecasting, business development projects, cash and foreign exchange management, risk evaluation and business analysis. Primary roles and responsibilities includes: • Managing the financial reporting for the organisation. This includes monthly financial reporting, strategic forecasting and budgeting and all statutory financial reporting • Providing financial support and insights to enable the SL owners and board to make critical business decisions • Presentation of financial results and insights to the Board • Playing a key role in the formulation of the business's strategy • Managing and overseeing the taxation affairs of the organisation and liaising with external tax and accounting advisors for specialist advice • Managing and overseeing the cash flow of the CS Group and ensuring it has the appropriate treasury controls • Managing hedging and foreign currencies as required in conjunction with the group COO • Managing and overseeing the company's banking arrangements • Managing and overseeing the company’s financial systems • Overseeing Accounts Payable, Accounts Receivable, Payroll, Financial and Management Accounting functions • Reviewing all formal finance related policies and procedures, ensure these are relevant, understood and complied with • Manage foreign currency accounts • Ultimate responsibility for ensuring all month end and year end period functions are completed • Coaching, mentoring and developing staff Show less
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European Motor Distributors
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Motor Vehicle Manufacturing
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1 - 100 Employee
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Senior Business Analyst (Finance)
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May 2019 - Sep 2022
Reporting to the CFO, I was responsible for managing the Financial Analysis team, providing leadership, having a key role in the Budgeting & Forecasting process, performing analysis of importer and dealership profitability KPIs, benchmarking and performance improvement processes. Performing financial analysis and working closely with the Audi, Porsche, SEAT, Skoda & Volkswagen brands. Dealership analysis • Analysis of dealership data, up to profit and loss statements, balance sheets and other financial documents • Analysis of internally created dealership data • Development and monitoring of KPIs and benchmarks across all brands at a dealership level • Comparison between dealership KPIs for front end and back end departments, reporting to dealer network and internally • Identification of areas requiring performance improvement measures, communication to dealerships and internally, subsequent tracking of implementation of improvements Internal analysis • Lead role across the business for the Budget process and Financial Forecasting • Develop systems to enhance financial reporting, and provide financial information and analysis that is valuable to management. • Supporting the business and driving outcomes for any financially related areas. Show less
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The Pallet Company
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New Zealand
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Packaging and Containers Manufacturing
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1 - 100 Employee
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Finance Manager
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May 2018 - May 2019
As a member of the senior leadership team, I was responsible for the budget planning and providing support to the Executive Management team by offering insights and financial advice that will allow them to make the best business decisions for the company. Managed four direct reports which included AP, AR, Payroll and Admin Manager, while acting as 2IC when the GM was away. Key Responsibilities: • Provide insightful information and expectations to Senior Executives to aid in long-term and short-term decision making • Reporting to management and stakeholders, and providing advice on how the company and future business decisions might be impacted • Review financial data and prepare monthly and annual reports • Managing the IT function • Cash Flow forecasting • Reviewing, monitoring and managing budgets and forecasts • Monthly financial planning and analysis • Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions Show less
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Huhtamaki
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Finland
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Packaging and Containers Manufacturing
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700 & Above Employee
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Financial and Cost Analyst
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Sep 2016 - May 2018
Working with various technologies and tasked with implementing continuous improvement initiatives as well as identifying and implementing financial and other improvements that impact both our top and bottom line. Supporting all the business units by being responsible for fulfilling system reporting needs across all departments. Key Responsibilities: • Ensuring product costing is in line with group financial standards • Assist in preparing the monthly management reporting pack • Working closely with the key stakeholders to understand their challenges and supporting them to interpret and understand financial data • Analysing sales, discounts and rebates and standard costs for Month End reporting • Developing and writing reports for internal and external stakeholders • Preparation of the annual budget and forecast • Identifying opportunities to reduce costs and improve profitability • Adhoc analysis and projects with an aim of achieving continuous improvement Show less
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Marley NZ
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New Zealand
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Wholesale Building Materials
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1 - 100 Employee
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Management Accountant
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May 2013 - Sep 2016
Preparing financial statements for month and year-end. Analysing the company’s financial performance and making longer term forecasts along with preparing budgets, forecasts and variance analysis were vital for this role.Accounting:- Preparing financial statements- Making sure spending is in line with budgets- Analysing our company's financial performance and making longer term forecasts- Recommending ways of cutting costs- Providing information for audits - Working with all departments and the management team to help make financial decisions- Prepare management reports - Month end reports- Year end reports- Analyse and prepare budgets- Construct data accumulation systems for a cost accounting system- Create and review the controls needed for data accumulation and reporting systems inventory- Investigate cycle counting variances and resolve issues- Review standard and actual costs for inaccuracies- Validate the cost of goods sold as part of the month-end close- Accumulate and apply overhead costs as required by generally accepted accounting principles- Conduct ongoing process constraint analyses- Report on breakeven points by products, work centers, and factories- Report on periodic variances and their causes, focusing in particular on spending variances- Perform cost accumulation tasks as a member of the target costing group- Doing weekly payroll- Filing tax returnsIT:- Researching and examining current systems and consulting users- Providing support and responding to feedback- Testing and modifying systems to ensure that they operate reliably- Regular maintenance of our ERP systems to ensure data is accurate and reliable for end users- Writing SQL based reports for dept. managers- Creating userforms for various projects using Excel- Preparing excel based dashboards and reports using complex formulas (VBA)- Involved in a lot of IT projects and processes to improve data flow within the organisation Show less
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Assistant Accountant
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May 2011 - May 2013
Prepare month end reports and investigate variances arising from the daily reconciliations. Assist in the preparation of financial statements and SMEs for month end.
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Education
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CIMA
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2019 - 2020
Corporate Finance Institute® (CFI)
Financial Modeling and Valuation Analyst, Financial Planning and Analysis -
2007 - 2009
University of Auckland
Bachelor of Business and Information Management, Accounting and Information Management -
2010 - 2010
University of Auckland
Graduate Diploma in Commerce, Accounting and Business/Management -
2003 - 2006
Jai Narayan College, Fiji Islands
High School
Community
