Pradyumna Kumar Nayak
Senior executive finance
Chennai
Summary
- Accomplished and detail-oriented Finance Professional with 12 years of progressive experience in Financial Planning & Analysis (FP&A), Controlling, Financial Reporting, Accounting, Taxation, and Internal Audit across global environments.
- Strong expertise in IFRS 15 (Revenue Recognition), IFRS 16 (Lease Accounting), IAS 21 (Foreign Exchange Transactions), IAS 16 (PPE) and IFRS 11 (Joint Arrangements).
- Skilled in financial statement preparation, variance analysis, project accounting, and management reporting.
- Adept at process automation, ERP implementations, and system enhancements to drive efficiency and accuracy.
- Experienced in statutory audit support, balance sheet reconciliation, and financial consolidation under global reporting frameworks.
- Proficient in Power BI, SmartView, and Oracle FCCS for analytics, visualization, and reporting automation.
- Known for strong analytical thinking, leadership, and a commitment to continuous improvement and compliance excellence.
Overview
14
14
years of professional experience
Work History
Senior Executive – Finance (Controlling)
Petrofac Limited
03.2024 - Current
- Implement and manage revenue recognition processes under IFRS 15, ensuring compliance and accuracy in project-level reporting.
- Prepare and analyze Profit & Loss and Cash Flow Statements, providing strategic insights to management.
- Oversee project accounting including tracking of revenue, cost, margin, and taxes to ensure project profitability.
- Conduct balance sheet reconciliations and perform cleanup activities to maintain reporting integrity.
- Manage lease accounting under IFRS 16, including the recognition and measurement of right-of-use assets and lease liabilities.
- Handle foreign exchange accounting in compliance with IAS 21.
- Manage fixed asset accounting, covering capitalization, depreciation, disposal, and transfers.
- Support statutory financial statement preparation, ensuring adherence to regulatory standards.
- Coordinate internal and external audits, providing audit evidence and addressing queries effectively.
- Drive process improvement and automation initiatives, enhancing accuracy and efficiency across functions.
- Manage Joint Venture (JV) accounting as per IFRS 11, ensuring accurate reporting and allocation of costs and revenues.
- Actively contributes to ERP implementation and user training for smoother system transitions.
- Lead year-end financial review, analytical procedures, and contract summary reporting.
Business Analyst – Finance
Randstad India Pvt. Ltd
12.2021 - 03.2023
- Prepared annual budgets and monthly forecasts for revenue and expenditure.
- Performed variance analysis, identified key cost drivers, and presented findings to executive management.
- Supported business operations by posting and validating entries for accruals, prepaids, amortizations, and reversals.
- Prepared monthly MIS reports, including P&L, YTD performance, and financial variance insights.
- Prepared contract-level revenue and cost files, and managed employee incentive calculations as per policy.
- Designed and delivered KPI dashboards and Compass performance reports for senior leadership.
- Partnered with IT and process teams to automate ERP reporting, improving the accuracy and timeliness of management reports.
Process Expert / Specialist – Finance
Future Pipe Industries Pvt. Ltd (SSC)
10.2020 - 12.2021
- Managed monthly P&L preparation, trial balance reviews, and GL variance analysis.
- Supported budget preparation, variance analysis, and management commentary.
- Handled fixed asset accounting including CWIP, capitalization, depreciation, and disposals.
- Executed bank and intercompany reconciliations ensuring accurate financial reporting.
- Prepared provisions for bad debts, warranty, and inventory in line with company policy.
- Processed lease transactions for land, buildings, vehicles, and equipment under IFRS 16.
- Generated MIS and statutory reports for quarterly, semi-annual, and annual reviews.
Service Delivery Operations Analyst
Accenture Solutions Pvt. Ltd (Client: Schlumberger)
02.2017 - 10.2020
- Managed monthly forecasting and reporting of P&L accounts for multiple business units.
- Conducted variance analysis and implemented corrective actions to ensure fair presentation of results.
- Prepared and posted journal entries for accruals, prepaids, depreciation, and amortization.
- Performed intercompany reconciliations and cost allocations (Recharge In/Out, Reclass, etc.).
- Delivered quarterly and annual financial reports, ensuring accuracy and adherence to deadlines.
- Proposed and implemented process improvements for better accuracy and faster closing cycles.
- Provided team training and guidance, ensuring standardization across reporting processes.
Accounts Executive
Fortune Group
08.2015 - 02.2017
- Maintained books of accounts in Tally ERP and supported daily accounting operations.
- Handled vendor and customer reconciliations, petty cash management, and TDS compliance.
- Prepared monthly BRS, journal entries, and assisted in internal reporting.
Accountant
Ansu Infra Services Pvt. Ltd
01.2012 - 09.2013
- Managed daily accounting operations, including bank reconciliation and vendor payments.
- Prepared TDS returns, BRS, and monthly financial statements.
- Supported management in maintaining accurate ledgers and schedules.
Education
ICWA (Inter) -
The Institute of Cost Accountants of India
India01.2012
B.Com (Bachelor of Commerce) - undefined
Utkal University
India01.2010
Skills
ERP Systems: SAP FICO, Oracle Fusion, Lawson, LN
Declaration
I hereby declare that the information provided above is true and correct to the best of my knowledge and belief.
Timeline
Senior Executive – Finance (Controlling)
Petrofac Limited
03.2024 - Current
Business Analyst – Finance
Randstad India Pvt. Ltd
12.2021 - 03.2023
Process Expert / Specialist – Finance
Future Pipe Industries Pvt. Ltd (SSC)
10.2020 - 12.2021
Service Delivery Operations Analyst
Accenture Solutions Pvt. Ltd (Client: Schlumberger)
02.2017 - 10.2020
Accounts Executive
Fortune Group
08.2015 - 02.2017
Accountant
Ansu Infra Services Pvt. Ltd
01.2012 - 09.2013
B.Com (Bachelor of Commerce) - undefined
Utkal University
ICWA (Inter) -
The Institute of Cost Accountants of India