Nishad Rahman Parakkal

<p>Led strategic planning and business transformation initiatives in collaboration with senior management and Board Committees to drive organizational growth, operational excellence, and performance improvement. Prepared executive MIS reports, Board presentations, KPI dashboards, portfolio reviews, financial analysis, and business performance reports.</p><p>Monitored key Microfinance (MFI) metrics including AUM, POS, disbursements, collection efficiency, PAR, GNPA, NNPA, DPD, roll rate, bucket movement, recovery rate, write-offs, and branch profitability. Conducted portfolio analytics by branch, region, product, customer segment, and vintage to identify performance gaps and recommend corrective actions.</p><p>Supported strategic decision-making through budgeting, forecasting, financial modelling, profitability analysis, scenario analysis, ROI, Cost-Benefit Analysis, Break-even Analysis, Payback Period, NPV, and IRR. Evaluated new business opportunities, branch expansion proposals, product feasibility, and strategic initiatives.</p><p>Developed executive dashboards, KPI scorecards, BI reports, and analytical models using Advanced Microsoft Excel, Power BI, and ERP systems. Partnered with Finance, Credit, Risk, Collections, Operations, Compliance, Internal Audit, IT, Legal, and HR teams to improve business performance, portfolio quality, operational efficiency, governance, and compliance.</p><p>Led digital transformation initiatives through BRD preparation, UAT coordination, vendor implementation, process automation, and system enhancements. Developed and implemented policies, SOPs, operational frameworks, and internal controls. Supported internal, statutory, and regulatory audits by preparing documentation, management responses, and corrective action plans.</p><p>Conducted market research, competitor benchmarking, SWOT and industry analysis, and customer behaviour studies to support business expansion and competitiveness. Reviewed incentive schemes and performance bonus structures and assessed their financial and operational impact. Identified automation and continuous improvement opportunities to enhance productivity, customer experience, and organizational performance.</p>

<p>Managed the end-to-end Record-to-Report (R2R) cycle, including General Ledger, month-end and year-end closing, journal entries, accruals, provisions, balance sheet reconciliations, and financial reporting in accordance with IFRS and company accounting policies.</p><p>Prepared monthly, quarterly, and annual Financial Statements, management reports, budgets, rolling forecasts, variance analysis, cash-flow reports, and financial performance reports to support management decision-making.</p><p>Managed the complete Order-to-Cash (O2C) cycle, including customer invoicing, Accounts Receivable, collections, credit control, aging analysis, customer reconciliations, bad debt monitoring, and cash collection strategies.</p><p>Oversaw Procure-to-Pay (P2P) activities including Accounts Payable, supplier invoice verification, three-way matching, vendor reconciliations, payment processing, expense accruals, and supplier management.</p><p>Performed daily, weekly, and monthly bank, GL, intercompany, POS, and online payment gateway reconciliations, ensuring timely investigation and resolution of reconciling items.</p><p>Managed treasury and cash management activities including liquidity planning, cash positioning, working capital management, banking relationships, fund transfers, financing facilities, and short-term cash-flow forecasting.</p><p>Handled end-to-end payroll processing including salaries, commissions, incentives, overtime, leave encashment, gratuity provisions, employee reimbursements, statutory deductions, and payroll reconciliations.</p><p>Coordinated with external and internal auditors, tax consultants, financial institutions, and regulatory authorities for statutory audits, internal audits, financial reviews, and compliance assessments.</p><p>Managed petty cash, employee expenses, travel reimbursements, and operational expenditures while implementing cost controls and financial governance measures.</p><p>Designed and strengthened Internal Financial Controls (IFC), SOPs, accounting policies, approval workflows, segregation of duties, and risk management processes. Conducted internal audits, control reviews, financial investigations, and revenue reconciliations to identify process gaps, revenue leakages, and financial risks.</p><p>Performed P&L, gross margin, cost centre, budget-versus-actual, variance, revenue, cost, and financial KPI analysis. Prepared executive MIS reports, financial dashboards, and business intelligence reports using Advanced Microsoft Excel, ERP systems, and data analytics tools.</p><p>Collaborated with Sales, Procurement, Operations, HR, and senior management to streamline financial processes, automate reporting, strengthen controls, and improve operational efficiency. Led and mentored finance teams while ensuring timely completion of financial reporting, compliance, month-end close, GST, Corporate Tax, and continuous improvement initiatives.</p>

<p>Managed end-to-end accounting operations, including General Ledger (GL), Accounts Payable (AP), Accounts Receivable (AR), Cash & Bank Transactions, Fixed Assets, and Inventory Accounting.</p><p> Prepared and posted journal entries, accruals, prepayments, provisions, depreciation, and month-end/year-end closing entries in compliance with IFRS and company policies.</p><p> Maintained accurate books of accounts and ensured timely reconciliation of bank accounts, customer accounts, supplier accounts, intercompany balances, and general ledger accounts.</p><p> Prepared monthly, quarterly, and annual Financial Statements, including Statement of Financial Position, Statement of Profit or Loss, Cash Flow Statement, and supporting schedules.</p><p> Performed detailed Bank Reconciliations, GL Reconciliations, Balance Sheet Reconciliations, and Account Analysis to ensure financial accuracy.</p><p> Managed Accounts Receivable by monitoring customer outstanding balances, preparing ageing reports, following up collections, and reducing overdue receivables.</p><p> Managed Accounts Payable by verifying supplier invoices, processing payments, maintaining vendor reconciliations, and ensuring timely settlements.</p><p> Handled end-to-end GST and TDS compliance, including tax calculations, statutory return filing, reconciliations, payment of taxes, and liaison with auditors and tax authorities to ensure regulatory compliance.</p><p> Supported Corporate Tax compliance by maintaining tax records, preparing schedules, and assisting with tax computations and regulatory reporting.</p><p> Monitored inventory transactions, stock valuation, Cost of Goods Sold (COGS), inventory reconciliations, and inventory controls.</p><p> Ensured compliance with IFRS, IAS, internal controls, accounting standards, and company financial policies.</p><p> Assisted Internal Audit, External Audit, Statutory Audit, and Tax Audit by preparing audit schedules, supporting documents, and responding to audit queries.</p><p> Generated MIS reports, financial dashboards, KPI reports, and management reports using Advanced Microsoft Excel, ERP Systems, and Power BI.</p><p> Processed payroll accounting, employee reimbursements, leave provisions, gratuity provisions, and related journal entries where applicable.</p><p> Managed daily cash flow, fund transfers, cheque processing, online banking transactions, and treasury-related activities.</p><p> Coordinated with banks, auditors, suppliers, customers, government authorities, and internal departments to ensure smooth financial operations.</p><p> Ensured timely month-end and year-end financial closing while maintaining accuracy, compliance, and proper financial documentation.</p>