Prem Nath

Background

About Prem Nath

Accomplished Finance Leader backed by 20+ years of exceptional experience across statutory audits, financial reporting, compliance, risk management and governance. Worked at big 4 accounting firms Deloitte & PwC (15 years) and Daimler India Commercial Vehicles (‘Daimler’/‘DICV’) – a global MNC (> Cr. India revenue). Big 4 Experience - Rich 15 years’ accounting and auditing experience across listed entities including those with foreign subsidiaries, subsidiaries of global MNCs, other public and private limited entities, partnership firms. Implemented Internal control over financial reporting (ICOFR), transition to Ind AS and first-time adoption of new Accounting Standards for clients across industries. Delivered NIL material audit issues & no management letters for 2 years. Strategized on competitive benchmarking with respect to listed Indian entities. Implemented a comprehensive inventory provisioning policy, Scrap committee and Provisions Committee at DICV. Delivered fool proof risk identification system for fixed assets. Designed Management Reporting that assisted in critical decision-making. Spearheaded variance analysis including budgets vs actuals as well as compare and benchmark process. Established stronger internal controls with a robust risk tracker. Conceptualized KPIs, SOPs and Metrics. Demonstrated strong cost savings track-record. Improved efficiency across multiple teams on multiple topics through CFTs including an instance of preparation of blue book. Identified and rolled out digitalisation of processes, global tools and RPAs. Reduced man hours by ~ 100 per month. Strong People Leadership Experience. Innate eye for talent in recruiting, training and leading high performing teams. Accredited trainer at Deloitte and PWC. Excellent relationship management skills honed at Big 4s.