Palash Chandra Paul CA(PL) FCMA

Experience

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  Concord Group of Companies

  Jul 2009 - Mar 2011

  Asst Manager-Finance

  - Preparation of Tax Account for Return Submission.- Monthly VAT return submission.- Assistance to External Auditor.- Maintaining liaison with SEC,Tax Circle office, VAT Circle office.

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  Kenpark Bangladesh

  May 2011 - Jul 2014

  Management Accountant

  - Weekly Working Capital Report to the Management.- Monthly Post Order Coasting (POC) Report.- Plan review and action related with conversion & SDA cost optimization.- Quarterly and Half yearly forecast -Steers with group and variance analysis of conversion & SDA.- Budget allocation against purchase order.- Weekly Sales Variance Report.

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  Coats

  Aug 2014 - Dec 2019

  -Prepare monthly financials along with performance outlining.-Setting periodic standard cost and comparative price analysis of direct material and activity price.-Manual costing for pricing offer to customer considering latest PO price of direct material to maximize the GP margin.-Help to finalize monthly financials and controlled over actual GP -Variance analysis in the area of cost of sales through price and factory variance analysis to optimize product & factory cost.-CAPEX management including budget preparation.-Developed standard process to maintain all CAPEX and depreciation expenses computation,-CAPEX cash forecast in monthly, quarterly and ad hoc basis.-Feasibility analysis for new CAPEX investment.-Physical verification of CAPEX in timely manner and maintain tracker of individual items. -Applied sophisticated qualitative analysis to identify the commercial and financial impact in different strategic decisions. Show less -Prepared monthly financials Performance outlining.-Monthly flash report -M+1 financials performance.-Implemented automated reporting dashboard-NWC tracker & OCF management.-Introduced IAS-19 first time in Coats.-Established BSR (Balance Sheet Reconciliation) before submission of financials and reviewed by HOD.-Ensured implementation of Group Policy related with Finance and operation.-Overhead cost analysis. Includes: Contractual Salary Provisioning, Non Mgt, and Mgt Salary- Provisioning, Agent commission, Group Management changes, IT Service Charges, Rebate to customer, -Employee Advance Settlement in timely manner for leaving Employee, Rent : HO,CWH and Plant, Power and other Part of Overhead.-Intercompany balance confirmation half yearly basis.-Implemented and developed own Target Operating Model (TOM) -Drive continuous business improvement via key projects like reporting excellence.-Reduce number of post close adjustment.-Expat tax estimation and settlement within estimated timeline. Show less

  • Manager-Management Reporting

    Jul 2018 - Dec 2019

  • Lead - R2R

    Aug 2014 - Jun 2018
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  JMI Group

  Jan 2020 - now

  Treasury Function: Managing BDT 150 Crore Project Finance & BDT 137 Crore working capital-Working closely with the business to minimize financial risk.-Reviewing funding needs, monthly reporting of all treasury activities to management. -Managing the organizational debt structure and optimizing borrowing cost.Budget & Planning:-Developing, presenting and overseeing financial budgets on an annual and quarterly basis.-Ensuring all budgets and financial process align with company goals.-Collaborating with executives, project managers and cross functional leadership to set budget goals and ensure they are following.Strategic Role:-Developing and implementing financial strategies that is aligned with organizational goals.-Identify and mitigate financial risk, ensuring the organization’s financial stability.-Developed and implemented financial plans, forecasts, and analyses to support decision making.Cost Control Functioning:-Collaboration with other departments, provide financial insights and contribute to strategic planning.-Develop comprehensive budgets to allocate resources efficiently and track the expenditure.-Developed different SOP for monitoring cost control in product cost as well as period cost of factory and head office.-Lead to finalize the product costing and pricing based on latest RM price and other factors.-Managing & developing factory overhead based on budget, analysis variance along with justified explanation.Compliance Management & RJSC Functions:-Ensure compliance with accounting standards, tax & vat regulations and internal policies.-Supervise to submit yearly tax Return and Monthly VAT Return in timely Manner.-Supervise the VAT register maintenance in accurate manner ie stock register, Mushak Challan.-Participated in different Tax and VAT hearing in DCT, Tax Appeal and Tribunal and got some benefit.-FDI Reporting in quarterly basis.-Confirmation of Filling of annual return schedule X and XII to RJSC in timely manner. Show less

  • Deputy General Manager-Accounts & Finance

    Jan 2024 - now

  • AGM Accounts & Finance

    Jan 2020 - Dec 2023