PRASAD NAVGHARE

Contact: +91-9699590696/9819890696
E-Mail: prasadnavghare@[Link]

To work for an organization with enthusiasm, innovation and zeal to accept challenges in highly competitive
situations, seeking assignments in Commercial Operations (Revenue & Payable Settlement)/Revenue
Assurance/Financial Planning & Analysis with an organisation of high repute, preferably in Mumbai/Navi-
Mumbai

PROFILE SNAPSHOT

Multi-faceted professional with over 18 years of experience in:

~ Commercial Operations ~ Revenue Assurance ~ Commercial Accounting
~ Budgeting ~ Auditing & Internal Control ~ Team Management
~ New System Implementation ~ Reconciliations
 Experience in a variety of industries, including Auditing, Telecommunications, Power Generation, and
Retail.
 Currently associated with Reliance Retail Ltd., Mumbai as Manager (Claims & Settlement -Corporate
Accounts Department)
 Hands-on experience in devising & implementing need-based plans/strategies for maximizing
profitability & revenue generation and realizing organizational goals
 Performing the key role of validating business plans & commercial strategies for maximizing
profitability in line with corporate goals
 Expertise in managing delinquent account collection, establishing terms of payment and conducting
debtors ageing analysis & cost/revenue analysis
 A strategic planner with expertise in designing & implementing internal control systems / procedures
with proven ability to achieve financial discipline and enhance the overall efficiency of the organisation
 An effective communicator with good planning, coordination and analytical skills

CORE COMPETENCIES

Revenue Assurance
Formulating effective debt collection mechanisms for ensuring timely receipt of money from customers; taking
legal actions for handling critical recovery cases or filing a suit against defaulters
Identifying probable risks by conducting audits of existing revenue streams and implementing corrective
measures to mitigate the same
Vendor Management
Vendor managers facilitate and maintain relationships between your organization and vendors/partners,
negotiating contracts, creating standards for the vendors, and finding the best available vendors.
Financial Planning & Analysis
Conducting business analysis to assess prevalent financial & economic environment; identifying financial &
operating risks and taking adequate measures to mitigate the same
Formulating budgets and conducting variance analysis to determine difference between projected & actual
results and implementing corrective actions
Audit & Internal Control
Conducting verification of books of accounts to detect any possible gap and ensuring that accounts prepared are
both reliable and as per the set guidelines
Understanding audit requirements, observing & validating process, preparing documents and giving
recommendations on internal control & process improvement

ORGANISATIONAL EXPERIENCE

Since Jan 22 to present date @ Reliance Retail Limited (Corporate Office, RCP), Navi
Mumbai As a Manager (Claims & Settlement -Corporate Accounts)
Off Invoice Claims - Accounting and Management

Key Result Areas & Responsibilities:

 Month - to - month Off-invoice claim for FMCG and HPC Category as per TOT Agreement
 Ensuring that Claim Debit Notes are sent to the appropriate vendors and distributors on a monthly
basis.
 Development and revision of Off Invoice Agreements for New TOT (Terms Of Trade)
 Reconciliation and problem resolution with vendor’s queries; issuance of Credit and Debit Notes if
required
 Reconciliation of monthly Purchase Orders in the Vistex Portal with the Manual process
 Preparing Monthly and Quarterly Management Information Reports (MIS) for Corporate Accounts and
Management Team, including details on Business Area, Store, and Vendor Claims.
 Maintaining Off Invoice Margins by Article and Brand in Vistex Portal in cooperation with the Category
and Category Finance teams.
 Liaison with corporate/internal auditors for audit purposes, as well as the MDN team for accounting-
related issues

Since Feb 20 to Jan 22 @ D B Power Limited (Corporate Office, BKC), Mumbai

As a Deputy Manager (Budget & Accounts -Corporate Accounts)

Coal Claim Accounting and Management

Key Result Areas & Responsibilities:

 Coal Claim Valuation on the basis of Third Party and Referee Results received
 Preparation and Issuance of Claim Letters with the Coal Companies
 Validation and accounting of Refund, Debit , Credit Notes received from Coal Companies against
outstanding receivables
 Maintenance of Party wise MIS of Coal Claim receivables from customers includes SECL,MCL,CCL,BCCL
 Reconciliation of Party accounts with Site Coal Business Team and Third Parties Customers
 Preparation and Note For Approval for Project and General Procurements Budget vs. actual expenses
 Payments Verification against Approvals, accounting entries ,payment banks of all the CAPEX and OPEX
day to day expenses incurred for business
 Publishing detailed Monthly Management Report pertains to Coal Claims informing different aspects of
the business includes claim raised, debtors aging , mine wise receivables etc.
 Publishing report relating to accounts department including statutory audit requirement.

Mar’05 to Feb’20 Reliance Communications Ltd. (Corporate Office, DAKC), Mumbai, Assistant Manager
(Revenue & Settlement -Corporate Accounts Department)

Key Result Areas & Responsibilities

 Monthly IUC Revenue booking & Billing to Telecom Operator for Basic, NLD & ILD business.
 Coordinating with Auditors for performing Statutory/ Internal/Special Audits and regulatory team for
solving legal issue
 Involved in Revenue Leakage Detection and recommending the corrective action for the same
 Managing the operation of budgeting for revenue and forecasting of revenue by business segment
 Preparing and providing MIS Reports (collections actual v/s projections, cash forecast, etc.) to the top
management as per schedule
 Responsible for:
o Monitoring weekly MIS of Payable outstanding and collection
o Configuring the product rates in the system
o Drafting customer and vendor account reconciliation
o Validating the charges of invoices from service providers
o Generating quarterly/special/ yearly TRAI and DOT reports for IUC business
o Attending & resolving the operator and circle queries
o Formulating GST payable report after each Billing cycle
o Analyzing the reconciliation findings
o Revenue Assurance of IUC functions, revenue and payable settlement for Basic/ NLD service
o Negotiating with operator for NLD traffic rate and volume discount offer to each operator
o Revenue Assurance part of RCOM infrastructure business dealing in MIC Invoicing SLA reconciliation
o Ensuring collection of Infra Invoices on timely basis, involved with monthly settlement with top
Operators like IDEA, Bharti, R Jio for collections & reconciliation and exchange of SOA.
 Assuring the collection of TDS Certificate, Bank Guarantee, etc.
 Coordinating with vendors for their invoice and all issues related to systems & payment processing
 Handling the reconciliation of disputed receivables & payables and signing off reconciliation statement
 Performing analysis of actual revenue against the forecast & budgeted by business segment
 Liaising with the Circle officers & Operators and responding to the billing & collection queries of the circle
 Carrying out Comparative Variance Analysis (traffic/ billing) monthly while coordinating with other operators
 Generating monthly debtors ageing report with analysis of all the circles and having monthly video
conference call with these circle for updating the debtors and speedy collection

Highlights:
 Instrumentally handled the SAP development for various types of automated reports
 Significantly worked on SAP R/3 Packages and updated the SAP for different customized requirements
 Demonstrated excellence by introducing:
o Trade Finance Instrument (LC) for settlement with operator
o SMS system and various portals for general reporting & cost saving initiatives

May’03 to Mar’05 M/sAshok Bansal & Co. Chartered Accountants, Mumbai In charge Audit

Key Result Areas

Clients Handled:

Macleods Pharmaceuticals Limited

 Responsible for Audit execution, Finalization of Accounts and handling & managing junior team including
article clerks. I was also responsible for office administration and Taxation & Company law matters relating
to business of clients.
 In charge of audit work and participated in finalization of accounts (Ledger scrutiny, preparation of audit
Report, Notes of accounts),
 Responsible for Verification of Internal controls, Credit appraisal, Credit monitoring, Monitoring of audit
schedule with subordinates and pointing out the critical areas, which requires due attention and control.
 Preparing Income Statement Firms and Individuals.

 Spearheaded the activities of:

Financial Audits:
 Handling the preparation of audit working programme and checklists
 Conducting internal audits and making final Internal Audit and Management Reports
 PREVIOUS EXPERIENCE

Ajay Plates & Battery Products Pvt Ltd Manufacturers of Battery and Battery Products as an Accounts &
Administration Executive from Dec 01 to Feb 03.

Key Result Areas

 Day to day accounting of the transactions and compilation of Balance Sheet at the yearend also Balance
Sheet of their Trading Co.
 Placing Purchase Orders for Raw Material as per requirement of production department & Sales Invoices
Commercial and Excise.
 Making sells summary for sales tax purpose on monthly basis
 Also handling payroll- Preparation & make payment of Salaries
 Administration and other office routine work.
 Handling daily cash expenses.
 Liaison with bankers, Weekly MIS on Bank transaction & Cash Book.

Article Clerk & Audit Assistant

Article Clerk & Working as Audit Assistant [Link]. & Co., Chartered Accountant from Jul 99 to Jun 00

 Nature Of Services provided by firm - Tax Audit, Company Audit Internal Audit of Bank(s)
 Duration: Article Clerk - July 96 to June 99. / Audit Assistant -From: - July 99 to June 00.

Key Result Areas

 Handling internal, Statutory & Tax audits of Schools, Colleges, Trusts, Banks, Trading and Manufacturing
Companies
 Finalization of accounts in fully computerized environment
 Attending Income Tax, Sales Tax and Company Law Matters

ACADEMIC DETAILS
 MBA Finance from Sikkim Manipal University –Manipal Jul-2010 with A Grade
 C.A. Intermediate from ICAI, November – 2000 (Granted Accounting Technician Certificate from ICAI in Mar-10)
 Govt. Diploma in Co-operation & Accountancy G.D.C. & A, March 2000 (Govt .Of Maharastara)
 Bachelor of Commerce from Mumbai University June – 1996.

Achievements:
 Secured Distinction in all semesters of MBA Finance.

 Microsoft office ,Tally 4.5/5.4

COMPUTER PROFECIENCY
 ERP Packages: SAP R/3 FI/CO , SD MODULE,

PERSONAL DETAILS
Date of Birth: 10th May, 1976
Address: Flat No.102, Bldg. D-2, Sector No 9, Gharounda, Ghansoli, Navi Mumabi -400701
Languages Known: English, Hindi and Marathi