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PRAJEESH PREMAN

PRAJEESH PREMAN

SENIOR ACCOUNTANT
Al Ain,Abu Dhabi

Summary

  • A competent Finance and Accounting professional offering over 17+ years of extensive experience in treasury functions, financial reporting, general ledger management, payroll management,accounts payable, accounts receivable, Joint Ventures, and inter-company transactions
  • Experienced in managing financial reporting, accounting operations, taxation,budgeting, and forecasting, aimed at long-term improvements in cost savings and profitability.
  • Reviewing finance policies, procedures, and practices, and formulating and implementing internal financial controls.
  • Highly skilled in reviewing financial reports as well as managing business finance control functions, to provide performance insights that assist teams in designing strategies to enhance profitability.
  • Successfully managed the processing of Accounts Payable and Receivable (AP & AR) transactions to ensure that organizational finances are effectively maintained.
  • Rich experience in designing, implementing, and administering payroll policies and procedures to ensure accurate and timely compliance with statutory obligations.
  • Successfully led Supply Chain Finance Facility onboarding with House Bank.
  • Participated in the testing & implementation phases of the Costing Project
  • Played a Pivotal role in leading SAP ERP implementations across various modules, including Automated Payment Process, Bank reconciliations, Asset Accounting workflows, Invoicing automation process.
  • Supported the Supply Chain Team in conducting store audits for inventory control.
  • Participated in the bidding process and assisted in the evaluation of commercial proposals.

Overview

17
17
years of professional experience

Work history

Senior Accountant

Strata Manufacturing PJSC(A Mubadala Company)
Al Ain
12.2013 - 03.2025
  • Ensure compliance with company policies and obtain approvals according to the DOA.
  • Review expense invoices and allocate the appropriate General Ledger (GL) accounts and cost centers.
  • Approve new vendor registrations, maintain bank master data in the SAP ERP system.
  • Supervise purchase orders for equipment, supplies, and professional services.
  • Develop weekly workflow reports for the Procurement Team to address invoice discrepancies.
  • Create Supplier Spend Analysis Reports and OPEX & CAPEX Spend Reports.
  • Reconcile and resolve all outstanding items on vendor statements.Reconcile amounts and check for any variances, communicating with the Procurement Team to resolve discrepancies.
  • Record the cost of new CAPEX acquisitions in the SAP ERP system.Execute monthly depreciation runs in the SAP ERP system at the end of each month.
  • Manage the correct and timely processing of payroll, allowances, advances, etc.
  • Process monthly pension contributions for national and GCC employees.
  • Reconcile payroll accounts and resolve discrepancies for any outstanding items.
  • Manage the process of end-of-service payments and exit clearance of the resigned,terminated, and retired employees.
  • Prepare payroll reports, business travel reports, actual expense reports, and other reports as required.
  • Monitor GL account postings related to payroll, pension contributions, allowances and end-of-service benefits.
  • Administer the preparation of weekly cash flow forecasts and bank positions for the management, various ad hoc reports as required.
  • Schedule weekly payment runs through the SAP ERP system, online banking, and Supply Chain Finance portal.
  • Generate customer invoices and account statements in the ERP, performing accounts receivable reconciliations.Manage inter-company receivables and follow up on reimbursements monthly.
  • Lead the Accounts Receivable module and update customer records in the SAP ERP system.
  • Oversee prepayments and account reconciliations (inter-company, joint ventures,general ledgers, and bank accounts).
  • Drive the month-end closing process in Accounts Payable and Accounts Receivable.
  • Facilitate reconciliation, file quarterly VAT returns, and obtain VAT refunds from the Federal Tax Authority.
  • Regularly reconcile the VAT ledgers and ensure financial transactions comply with VAT regulations, applying the correct VAT treatment.
  • Support Finance Manager in monthly closing activities and MIS preparation.
  • Assisting the Internal Audit Team in conducting periodic physical inventory counting
  • Providing support to the preparation of annual budget, and audits (Internal & External)

Senior Accountant - International Payables & Intercompany

Liwa Trading Enterprises LLC(Part of Al Nasser Holdings)
Abu Dhabi, UAE
07.2012 - 12.2013
  • Managed Principal payments for over 30 major International Brands in the UAE and facilitated joint ventures in the GCC, Egypt and Libya
  • Oversaw payments to more than 300 suppliers, totaling 1.5 billion AED
  • Handled annual revenue ranging from 800 million to 900 million AED
  • Ensured necessary approvals were obtained from the relevant authorities prior to posting to the system, in accordance with the company's policies and procedures
  • Prepared payments and submitted them through the online banking system to pay brand principals and suppliers, following the agreed payment terms (LC/TT)
  • Led the calculation of monthly and quarterly royalties and processed payments to brand principals in line with the terms of the franchise agreement
  • Forecasted foreign currency requirements for international payments and conducted foreign currency booking transactions with house banks
  • Verified supplier statements to ensure accuracy and completeness, reconciling them with the ledgers using Microsoft Dynamics Navision ERP
  • Monitored all General Ledger transaction entries related to accounts payable and receivable, fund transfers, stock transfers, and their adjustment entries
  • Managed all procedures for opening Export Letters of Credit, Import Letters of Credit, Standby Letters of Credit, and Bank Guarantees
  • Conducted daily reconciliation of the bank statement with system figures and regularly updated the Cash Flow Report with payments made
  • Prepared weekly cash/bank position and cash flow reports for the UAE and GCC
  • Assisted the Chief Accountant with project payments, capitalization, month-end closing, and MIS preparation
  • Provided necessary documentation to Internal and External Audit Teams for interim and final audits

Senior Accountant

LULU Group International
Abu Dhabi
10.2007 - 07.2012
  • Posted 50,000+ Invoices in SAP, processed payroll of 750 employees - total value - 40 million AED, scheduled monthly cheque payment runs in SAP and prepared cheques for 750+ suppliers - Total Value - 1.5 billion AED
  • Managed payment of 750+ suppliers with a Total value of 1.5 billion AED in cheque payments released
  • Reviewed posting of more than 10,000 invoices monthly, totaling over 300,000 invoices
  • Led petty cash transactions with a Total value of 30 million AED
  • Supported a team of 5 Accountants in AP, AR & Payroll Processing
  • Evaluated supplier invoices to ensure the accuracy and completeness of all information, confirming that all received invoices were properly coded
  • Maintained and updated all company books and records with a focus on general ledger management, accounts payable, accounts receivable, and intercompany stock transfers
  • Reconciled the accounts receivable ledger to ensure that all payments were accounted for and correctly posted
  • Led the preparation of budgets, cash flow reports, bank reconciliations, monthly trading, profit and loss statements
  • Provided necessary documents to the Audit Team for both internal and external audits, managed monthly and annual Inventory checks

Education

Enter your degree - Master of Commerce(M.Com) - Finance & Taxation

Mahatma Gandhi University
India
Aug 2005 - Jul 2007

Enter your degree - Bachelor of Commerce (B.com) - Accounting

University of Calicut
India
06.2001 - 09.2004

Pursuing CMA USA -

Institute of Management Accountants

Skills

  • Treasury Operations
  • General Ledger Management
  • Supply Chain Finance
  • Account Reconciliations
  • Budgeting and Forecasting
  • Month End Closing Activities
  • Payroll Management
  • Audit Management
  • VAT Compliance
  • Internal Control & Compliance
  • Regulatory compliance
  • Vendor Management
  • Inventory Management
  • Contract Management
  • Joint Venture Accounting
  • Intercompany Accounting
  • SAP ERP Expertise
  • Microsoft Dynamics Navision ERP
  • Microsoft 365
  • Power BI
  • Time management mastery
  • Fraud detection and prevention
  • Ethical conduct
  • Stress management
  • Proactive approach
  • Financial software literacy
  • Staff development and mentoring

Soft Skills

  • Collaborator
  • Communicator
  • Innovator
  • Planner

Personal Information

  • Date of birth: 31/05/1984
  • Nationality: Indian
  • Marital status: Married

Languages

Malayalam
Native language
English
Master or proficient
C2
Hindi
Master or proficient
C2
Tamil
Proficient
C2
Arabic
Intermediate
B1

Work availability

Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
morning
afternoon
evening
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Quote

There is a powerful driving force inside every human being that, once unleashed, can make any vision, dream, or desire a reality.
Tony Robbins

Timeline

Senior Accountant

Strata Manufacturing PJSC(A Mubadala Company)
12.2013 - 03.2025

Senior Accountant - International Payables & Intercompany

Liwa Trading Enterprises LLC(Part of Al Nasser Holdings)
07.2012 - 12.2013

Senior Accountant

LULU Group International
10.2007 - 07.2012

Enter your degree - Master of Commerce(M.Com) - Finance & Taxation

Mahatma Gandhi University
Aug 2005 - Jul 2007

Enter your degree - Bachelor of Commerce (B.com) - Accounting

University of Calicut
06.2001 - 09.2004

Pursuing CMA USA -

Institute of Management Accountants

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PRAJEESH PREMANSENIOR ACCOUNTANT