Pragyan Nawalgaria
CPA With Extensive Experience In Business Finance-EMEA (Manufacturing-Chemical)
Madrid,Spain
Summary
(P & L – $3B | Oversight – Regional / Global | Team – 10)
Pragyan is a dedicated finance professional with close to 12 years of post qualification International experience (Europe) in Financial, Strategic and Business Planning , in solving complex business problems, developing business financial models & acting as a strategic support to CEO in Corporate Set up as well as working, setting up the same for a Start Up.
He has experience in providing Senior Business Partnering, commercial insights to senior management He has lead both on Shore & off Shore team at same time over a career span of 12 years. Experience with Internal Control Frameworks
He is highly experienced in large Manufacturing entities (Chemicals, Polyethylene, Oil, Gas)
He is currently an integral part of management team of IVL Europe having direct reporting to Regional CFO of Europe and indirect reporting to Business Head of Strategy, handling all three major segments of the business overlooking 9 Sites with a business of 3B$.
He has Managed relationships with key internal and external stakeholders including regional and global stakeholders, auditors, tax advisors, banking relationships, vendors and business partners
He is passionate about driving business strategies and delivering growth. This has lead him to become a major part of EU Business Head team driving to deliver a potential savings of 50M$ in Europe.
Before moving into this role, he was a pivotal part of Management team of IVL Turkey handling 300 M$ Plant Site with a production capacity of 320 K MT handling multiple responsibilities across Logistics, Production planning etc.
He also has been part of two ERP Implementation in his career.
Pragyan has been hand picked by IVL CEO (FeedStock and PET) himself as an identified future leader in V-Lead Program in Europe tailored to brain storm and form new Strategy for the group because of known ability to lead, analyze and thinking out of the Box.
Pragyan has successfully been a part of MNCs in his 10 years of International Exposure in and outside India working across various culture and handling multiple issues across financing, accounting and analysis.
He has an Expert experience of leading Financial Planning , Strategy and Corporate Reporting with proven decision making skills under pressure.
Overview
12
12
years of professional experience
Work History
Regional Manager Business Finance
PTA & PET, Global-PIA
Madrid, Spain
11.2019 - Current
- Business Strategy/ Financial Planning and Analysis (FP&A) | Regional Financial Controller | Business Presentation including Cost & Financial Analysis submission to GECO Office
- Manages overall process for preparation of annual budget, periodic forecasts and strategic plan including CAPEX Business cases for the Business Units
- Conjoin with CFOs and country heads of 3 businesses – PTA, IPA, and PET across Europe and Turkey, for conducting detailed forecasting, annual budget, cost, and financial analysis
- Played an integral part in bringing financial control optimization at the EU level, including
- Turkey.
- Generated annual savings worth €44M by controlling a cost transformation project across EMEA region in partnership with BCG.
- Streamlined financial controlling and management reporting consolidation process of budget and estimates across Europe with high volume business worth $3B, encompassing regional CEOs' business budget review for all 3 lines of business.
- Deployed a monthly two-pager snapshot review system and business control reporting for reviewing the business of 2 segments and 8 sites across Europe with >$2B value
- This involved a contribution of $500M in EMEA for regional CEO.
- Generate pertinent performance information and analysis on key revenue drivers
- Identify and communicate revenue risks and opportunities.
- Leveraged analytical skills to carry out analysis of customer credit control at EU level, which included limits and financials.
- Strategized, set up, and enforced SOPs at the EU level of critical items, such as CAPEX, sales commission, and stock takes leading to accomplishing operational excellence.
- Performed forex analysis with a keen focus on securing maximum forex coverage at EU Level.
- Provided a leadership role for the management of SAP as well as other assigned projects as per defined standards.
- Secured promotion twice in the same company from a deputy to country and then to a regional role.
Finance Manager
Indorama Ventures
08.2015 - 11.2019
- Streamlined operations of the 9-membered team, including 2 CPAs with 7 direct reports and 2 dotted line reports
- Governed the preparation and delivery of business presentations to GCEO, country CEO (Turkey) and regional CEO (Europe), CFO, and external stakeholders, comprising banks, government officials
- Managed several operations, such as financial analysis and reporting as well as monthly closure in addition to coordinating with banks on forwards and factoring
- Managed all aspects of business worth >$350M, while directly reporting to country CFO and dotted line reporting to country CEO,
- Regional CFO, and GCEO under FTZs with all legal and secretarial directions.
- Saved 5% logistic cost for domestic and export by negotiating transporters contracts, analyzing cost, and devising cost saving strategies.
- Integrated and rationalized ERP system involving daily transactions of $10M as well as designed a complete financial control mechanism of MIS for $300M PET business.
- Conducted reviews of complete logistic wing of the business as well as determined new ways for cost optimization across Turkey.
- Carried out analysis of insurance cost and deployed advanced processes for decreasing the costing.
- Delivered presentations to management across budget, forecasting, and analytics along with presenting reports on business MIS.
- Formulated and submitted HFM (Hyperion Financial Module) reports on a quarterly basis.
- Assured the smooth running of Turkey business through audits and presented findings to leadership for improvement.
- Selected by CEO for a Global Leadership Program (V-Lead) among 10 other members across MENA region – the only Indian and youngest in the group
- Steered the entire program and devised a strategy for business growth.
- Nominated to serve as company’s representative in various external events, comprising business presentations to dignitaries, such as Ambassador of India in Turkey. “…Motivated professional who can learn new practices and codes rapidly to control monthly costing and accounts
- He helped me very much by disburdening some work with his reporting
- Has strong analytical skills with the ability to utilize qualitative data, has a strong willingness and potential for learning and development...”
- Muhammet Er., Head of Finance, Global Investment Holdings/ Energy & Mining
Senior Financial Analyst and Cost Accountant
TURCHROME – CAPITAL INTERNATIONAL PRIVATE EQUITY GROUP
01.2012 - 01.2015
- Developed and deployed an internal control system for management of cost and related risks
- Leveraged sharp analytical proficiencies to conduct variance, budget vs actual, and marginal costing analysis
- Governed 4 direct reports, reported to the CFO and oversaw all aspects of cash flow
- Functioned as a liaison with the bank for credit control operations
- Formulated and submitted monthly, quarterly, and yearly reports to the board of directors
- Handled annual budgeting, forecasting, and variance analysis and presented findings to top management
- Managed and reviewed monthly/yearly accounts closure in IFRS
- Formulated $10M costs fuel and MIS cost reports, recognized as one of the key cost parameters in the mining industry
- This resulted in conducting weekly reviews and setting up of internal control to avoid consumption.
- Lessened inland transport cost by 10% by executing new ideas in conjunction with the marketing head.
- Generated cost savings worth 30% while directing all departments for submitting weekly/monthly cost reports for variance analysis.
- Evaluated operational efficiency of the plant by presenting breakdown reports to higher management on time.
- Led overall operations of statutory and internal auditor in addition to providing directions for improvement.
- Managed payments review and analysis, treasury control, and monthly balance sheet reconciliations efforts.
- Identified discrepancies in revenue and cost-saving through analysis along with presenting MIS reports to management.
Executive -Assurance
EY
Gurugram, Haryana
03.2011 - 03.2012
- Finalization of Assurance./Statutory for DIAL (Delhi International Airport Limited) with revenue of 300 M$
- Utilized appropriate financial tools to manage accounts payable and receivable.
- Conducted business forecasts to identify recent developments.
- Monitored expenditures to mitigate risk of overages.
- Identified trends and assessed opportunities to improve processes and execution.
- Prepared annual data to determine metrics for operational performance.
Education
Chartered Accountancy – Accounting and Finance - undefined
BAKER TILLY SINGHI INTERNATIONAL, The Institute of Charted Accountants of India
01.2007 - 01.2011
Bachelor of Commerce - Accounting and Finance
Banaras Hindu University
NSE's Certification in Financial Market, National Stock Exchange of India Limited - undefined
01.2011 - 01.2015
Skills
P&L Leadership, Financial Modellingundefined
Timeline
Regional Manager Business Finance
PTA & PET, Global-PIA
11.2019 - Current
Finance Manager
Indorama Ventures
08.2015 - 11.2019
Senior Financial Analyst and Cost Accountant
TURCHROME – CAPITAL INTERNATIONAL PRIVATE EQUITY GROUP
01.2012 - 01.2015
Executive -Assurance
EY
03.2011 - 03.2012
NSE's Certification in Financial Market, National Stock Exchange of India Limited - undefined
01.2011 - 01.2015
Chartered Accountancy – Accounting and Finance - undefined
BAKER TILLY SINGHI INTERNATIONAL, The Institute of Charted Accountants of India
01.2007 - 01.2011
Bachelor of Commerce - Accounting and Finance
Banaras Hindu University
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