Prakash Kumar Singh
New Delhi
Summary
A professional with nearly 21 years' experience in the areas of Business Operations, Leasing of IT Asset, Accounts Receivables, collections, credit control, Expense Audit and Payroll Management. Worked as Manager - Business Finance with Team Computers Pvt. Ltd, New Delhi. Proficient in ensuring commercial closure of all Deals & Projects without any discrepancy/dispute.
Overview
21
21
years of professional experience
1
1
Certification
Work History
Manager - Business Finance
Team Computers Pvt. Ltd
01.2019 - 04.2024
- Handling multiple responsibilities across Business strategy, operations & development
- Focusing on conceptualizing and implementing innovative ways of streamlining business strategies to drive growth, in liaison with senior management
- Conceptualizing workflows and dashboards which help in considerable improvement in margins, business performance & target realization.
- Controlled costs to keep business operating within budget and increase profits.
Manager -Purchase Controller
Team Computers Pvt. Ltd
01.2013 - 12.2018
- Primary Signing Authority of All Bank & All Authorize Documentation
- Expense Audit and then streamline after adding value added services
- Responsible for ISO Audit with ISO Vender on ISO-9000-2015, ISO-20000-2013 & ISO-27000
- Assist in developing and executing the annual review plan with Management
- Contribute to the function by identifying risks associated with business objectives and evaluating the controls in place to mitigate those risks in order to improve the effectiveness of the controls, and governance processes
- Conduct a wide-ranging scope of audits with an emphasis on assessing emerging areas of Finance, Facilities, and Procurement, HR and delivery functions
- Develop and update risk and control matrices and testing procedures
- Responsible for end-to-end audit oversight including scoping, staffing, planning, fieldwork, work paper documentation, leading audit meetings, reporting, and follow-ups; ensuring that methodologies governing internal audits are followed
- Draft internal review reports summarizing the results and recommendations to mitigate risks
- Assist in assessing and analyzing the impact of deficiencies and findings; identify remediation procedures and compensating controls to address the associated risks.
- Established performance metrics for evaluating supplier reliability, leading to better decision making in sourcing new suppliers.
- Optimized procurement strategies by staying up-to-date on best practices and emerging technologies in the field.
- . Fostered a culture of continuous improvement within the purchasing team, encouraging ongoing professional development and sharing of best practices.
- Streamlined purchasing processes for increased efficiency and reduced order lead times.
- Managed a team of buyers, providing guidance and oversight to ensure optimal procurement decisions.
- Coordinated with finance department to ensure timely payments to suppliers and maintain accurate records of transactions.
- Implemented inventory control measures to minimize stock shortages and excess inventory costs.
- Utilized advanced negotiation skills to secure favorable terms on large-scale purchases or long-term supplier agreements.
- Proactively addressed supply chain disruptions by identifying alternative sources or adjusting production schedules as needed.
- Created purchase orders with attention to detail, ensuring accuracy in quantities, pricing, and delivery dates.
- Achieved cost savings by negotiating contracts and securing favorable pricing on supplies.
- Developed strong vendor relationships, resulting in improved service levels and product quality.
- Conducted market research to identify potential new suppliers and stay informed of industry trends.
- Collaborated with cross-functional teams to identify opportunities for cost reduction through strategic sourcing initiatives.
- Sourced vendors, built relationships, and negotiated prices.
- Purchased new products and oversaw inventory stocking and availability.
- Generated reports, documents and analysis in [Software] for senior management review and approval.
- Implemented policies to reduce cost and eliminate waste.
- Progressed through various purchasing, warehousing and leadership roles.
- Communicated regularly with suppliers to uphold accountability for quality standards and timely delivery of goods.
- Created purchasing policies and procedures that complied with company standards and regulatory requirements.
- Cultivated strong relationships with vendors to maintain and improve levels of customer service.
- Generated reports on purchasing activities to support management decisions.
- Completed monthly profit and loss performance reports.
- Reduced costs by streamlining contract bidding and procurement processes to assure best prices for materials and services.
Dy Manager -Payroll Administration
Team Computers Pvt. Ltd
10.2006 - 12.2012
- Managing team on payroll processing function involving computation of salaries and filing of PF, ESI and other statutory returns
- Developing and maintaining documentation and controls for all payroll related activities and procedures; serving as the main contact all payroll related issues
- Designing, implementing and administering payroll policies and procedures to ensure accurate and timely compliance with statutory obligations
- Involved in computing salaries / other allowances of employees; making reimbursement of Mobile, Data card Expense, Travel Claim & various other expenses incurred by employees
- Liaising with insurance companies for taking adequate insurance policies for employee
- Coordinating for Payroll Processing, Reconciliation of Pay Roll Heads and Statutory Deductions Tax, Reimbursements, Perquisites Valuations, Performing an analytical review of financial statements and evaluating internal control systems for carrying out Internal / Statutory Audits
- Preparing audit reports and making recommendations in order to ensure that accounts are prepared and maintained in conformance to statutory obligations
- Helping Team on timely Full & Final Settlements
- Controlling the Attendance system & Leave management (4450 employees)
- Increases productivity by developing automated accounting applications
- Dexterity across handling and managing the incentive, Reward, preparation of MIS management & HR related reports.
- Developed strong relationships with stakeholders to facilitate smooth communication and project completion.
Executive Accounts
A R Fisheries Pvt. Ltd
12.2005 - 10.2006
- Handling entire payroll process in an Pay-Pac Package (350 employees)
- Processing Full & Final settlement of resigned employees and other one-off payments
- Coordinating with an bank vendor for various operations
- Bookkeeping, Cash transaction, petty cash, bank reconciliation on an daily basis
- Creation of employee Id's and creation of various info types for new joiners
- Follow up with banks for pending credit card receipts, preparing cheque & releasing payments
- Bank/Cash reconciliation on daily basis to ensure to avoid cheque bouncing and any payment left to bank in time.
Head Cashier
Precious Hospitality & Leisure Pvt. Ltd
08.2003 - 12.2005
- Processing payroll for employees using various HR info types and wage types in ERP platform (ERP HR-Payroll Module)
- Preparing headcount report for every month & checking reimbursement of Employee's Expense
- Ordering, maintaining and issuing Sodexho Coupon
- Creation of employee Id's and creation of various info types for new joiners
- Bookkeeping, Cash transaction, petty cash, bank reconciliation on daily basis
- Follow up with banks for pending credit card receipts, preparing cheques and releasing payments of Vendors.
- Mentored new cashiers, providing comprehensive training that resulted in increased productivity.
- Worked extra shifts during busy periods and covered for call-in employees to maintain service levels.
- Ensured accuracy in cash handling, minimizing discrepancies and maintaining balanced registers.
- Led cashiers and associates in providing thoughtful customer service.
Education
Bachelors of Commerce - Accounting And Finance
Indira Gandhi National Open University
New Delhi Skills
- Financial Planning, P&L Trend Analysis, Payroll Management, MIS & Reporting, Budgeting, Variance Analysis, Cost Control, Forecasting, Reporting & Accounting, Leasing of IT Asset, Accounts Receivables & Collections, TDS certificates & Raising CNRs, Timely Billing & Invoice Submission as per PO, ERPs & MS Office, Power BI, Qlik Tech, Darwin box & Adrenalin, Well versed in ERP packages, Good in MS-Excel/Word
Certification
- Completed 6 month Diploma in Computer Application from LCC Kolkotta, at Dhanbad.
- Accomplished 21 days Training on Adrenalin 2009 for HR & Payroll Implementation in Adrenalin Esystem Ltd (Polaris Group) in Chennai.
- ISO Training on ISO 9001-2015, ISO -20000 & ISO -27001.
Languages
Hindi & English (Read, Speak, Write)
Educational Background
B. Com. from IGNOU. New Delhi.
Joining Time
Immediately
Personal Information
- Passport Number: Z7789983
- Passport Expiry Date: 05/09/34
- Father's Name: Shri Nirmal Kumar Singh
- Date of Birth: 02/08/77
- Gender: Male
- Marital Status: Married
Disclaimer
I hereby declare that the above said particulars are true to the best of my knowledge and belief.
Timeline
Manager - Business Finance
Team Computers Pvt. Ltd
01.2019 - 04.2024
Manager -Purchase Controller
Team Computers Pvt. Ltd
01.2013 - 12.2018
Dy Manager -Payroll Administration
Team Computers Pvt. Ltd
10.2006 - 12.2012
Executive Accounts
A R Fisheries Pvt. Ltd
12.2005 - 10.2006
Head Cashier
Precious Hospitality & Leisure Pvt. Ltd
08.2003 - 12.2005
Bachelors of Commerce - Accounting And Finance
Indira Gandhi National Open University
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