Prem Phafat

Experience

• 

  Chaturvedi & Shah

  Aug 2011 - Aug 2013

  Article Assistant

  Articleship Period

• 

  Bajaj Hindusthan Limited

  Sept 2013 - Sept 2014

  Industrial Trainee

  Industrial Trainee

• 

  Kotak Mahindra Bank

  Jan 2015 - Mar 2016

  Deputy Manager

  Key Deliverables:• Responsible for the flash reports of pre- month-end estimations such as expenses and profits• Investigated and explained key movements and trends in major Profit & Loss lines• Reported monthly variance and issues, risks & opportunities to the Head of the Department• Evaluated and highlighted exceptions concerning the performance of each region periodically to the zonal head• Provided analytical information based on industry reports and the performance of the competitors• Analyzed the data of competitors & correlate and reasons for variance Show less

• 

  Citi

  Mar 2016 - Apr 2018

  Assistant Manager

  Key Deliverables:• Assisted with revenue/expense analysis, and headcount projections for Russia• Supported with the CEO/CFO reviews in the preparation of financials & drivers of major products, qualitative analysis and related to profit & loss items• Prepared monthly review decks for monitoring the performance of the business and to rectify the problems• Estimated financial transactions/payments by taking feedback from the business team for upcoming months and coordinated with product teams & regional teams• Provided forecast for month end closing numbers of P/L and B/S items by preparing every month flash to the management • Systematized the processes by well organizing the system Show less

• 

  DBS Bank

  May 2018 - now

  Key Deliverables:• Accountable for financial controlling & managing of costs such as budgeting of expenses/headcount, strategic cost management and driving operational efficiency• Playing a pivotal role in the core team for setting up the budget, and tracking of all branch & kiosk expenses in wholly owned subsidiary of DBS Bank in India• Monitoring & forecasting of actual expenses• Analyzing expenses & HC for providing insight & monthly financial reviews to the senior management and Managing Director• Creating & executing the driver based compensation models for accurate correlation in between headcount and compensation change• Spearheading the SPARKS team to carry out employee engagement initiatives• Key involvement in automation & re-engineering processes and also with Chief Executive Officer (CEO) & Chief Financial Officer (CFO) reviews Show less

  • Vice President

    Mar 2024 - now

  • Assistant Vice President

    Jul 2022 - Feb 2024

  • Senior Associate

    May 2018 - Jul 2022