Prasanta Kumar Sahoo

Hyde Park CHS Ltd, Kharghar, Sector-35,

Navi Mumbai, Maharashtra, India
Mobile- +91-8369448965
Email-pksahoo77@gmail.com

Summary
Highly qualified finance professional with an MBA in Finance and ICWA(Inter) certification, offering over 20 years
of cross-cultural experience. Proven expertise in General Ledger Operations, Fixed Assets, Account Payables,
Account Receivables, Treasury Operations, Product Costing and MIS reporting. A dedicated and accomplished financial
leader with 14 years of experience in the oil and gas industry. Demonstrated commitment to accuracy, compliance,
and process efficiency.

Experience
Head of Finance and Accounts
OMPay (Sep 2022 – Present)
• Conducted a comprehensive analysis of Fintech operations, focusing on digital wallet and payment gateways
including MPCSS, OmanNet, International Remittances, VISA Prepaid Cards, and Tokenization.
• Executed financial audits, meticulously analyzing accounts and business plans to ensure compliance with
industry standards and regulatory requirements.
• Proactively engaged in financial forecasting and risk analysis, providing crucial insights to guide strategic
decision-making processes.
• Negotiated business deals and collaborated with clients and associated organizations to establish mutually
beneficial terms and agreements.
• Monitored and tracked payments to internal and external stakeholders, ensuring timely and accurate
disbursements.
• Implemented robust systems to verify deliverables according to contract terms before processing payments.
• Led efforts in reconciling accounts payable and receivable, streamlining financial processes to enhance
accuracy and efficiency.
• Strengthened financial data confidentiality measures, overseeing database backups to safeguard sensitive
information.
• Developed comprehensive financial strategies, encompassing risk minimization plans and opportunity
forecasting.
• Spearheaded cost optimization practices, driving improvements in operational efficiencies and substantial cost
reductions across the business.
• Instituted performance measurement metrics and provided regular reports, offering valuable insights and
assessments against established goals.
• Managed payroll operations and exercised control over income and expenditure, ensuring financial stability
and compliance.
• Created and presented dashboards illustrating the financial landscape to the management team, facilitating
informed decision-making.
• Documented yearly and quarterly plans for all products/services, and adapted strategies in response to evolving
market trends and conditions.

Manager-Finance and Accounts

SIDHHARTHA CORPORATION PVT. LTD - Mumbai, India (Merchant Exporter)
Jun 2021 - Jun 2022 (1 year 1 month)
• Manage all accounting operations including Billing, A/R, A/P, GL, Cost Accounting, Inventory Accounting and
Revenue Recognition
• Preparation of the budget and financial forecasts
• Prepare and publish monthly financial statements
• Support month-end and year-end close process

Prasanta Kumar Sahoo. MBA (Finance), ICWA - page 1

• Ensure quality control over financial transactions and financial reporting
• Manage and comply with local, state, and federal government reporting requirements and GST & TDS filings
• Accounting, Audit, Taxation, Risk management, and Compliance with statutory law and financial regulations
• Developing and monitoring internal controls including process and control in SAP/ERP/BPC environment
• Supporting the CEO in improving efficiencies and reducing costs across the business

Accounting and MIS Manager

Cameron, a Schlumberger company
May 2016 - Apr 2021 (5 years)
• Ensure Capex spending is planned and efficient returns, Inventory management ensures optimal store level
by category
• Preparation of Rolling Forecast Financials forecasts and ensure that goals are challenging but realistic
relative to the overall market expectations and available resources.
• Ensure that financial transactions are recorded in compliance with company policies and procedures, and
ensure adherence to corporate ethical policies and internal controls.
• Implement General Ledger Accounting tasks, including the chart of accounts, financial transactions, account
balances, and accounting periods.
• Review automatic postings, ensuring accuracy, and highlighting discrepancies to relevant teams.
• Prepare journal entries related to amortization, depreciation, accruals, and other financial information in
alignment with accounting principles.
• Reconcile intercompany accounts/transactions and assist in processing period-end adjustment entries.
• Provide support for external/internal audits and assist with statistical tax return completion.
• Prepare balance sheet reconciliations and contribute to ad hoc projects within the team.
• Handle product costing processes and assist with external, internal, and state audit requirements.
• Promote continuous learning and development among team members and contribute to policy development.

Manager - Finance and Accounts

Cameron, a Schlumberger company
Apr 2013 - Apr 2016 (3 years 1 month)
• Responsible for accounting and reporting financial results for a division
• Provides financial support to the Controller by assessing business trends, developing root causes of business
issues, complying with the company's accounting practices, and identifying opportunities for reduced costs
and improved productivity/efficiency
• Participates in corporate compliance programs and internal/external audits
• Assists with financial planning, forecasting, and monitoring of results vs objectives within specified intervals
(monthly, quarterly, and yearly)
• Develop and evaluate business or project financial metrics and drivers.

Accounts Supervisor
Cameron, a Schlumberger company
Nov 2011 - Mar 2013 (1 year 5 months)
• Maintain a full set of accounts (General Ledger), monthly account closing including reconciliation of
companies balances and monthly audit schedule, bank reconciliation, journal entries, petty cash, and
expense claims
• Account receivable function. Record bank receipts, and ensure customers make payments timely
• Account payable function. Prepare and disburse payments to suppliers and claims submitted by the site office
• Manage cash flow by monitoring receipts and payments

Senior Accounts Executive

Cameron, a Schlumberger company
Oct 2009 - Oct 2011 (2 years 1 month)
• Responsible for Fixed Asset, Vendor payment and closing books of accounts. Preparation of balance sheet
reconciliations and accounts schedules.

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 Accounts Payable Supervisor
Cameron, a Schlumberger company
Apr 2008 - Sep 2009 (1 year 6 months)
Oversee and manage the day-to-day operations for invoice processing
• Review and assess the team's workload on a daily basis
• Liaise with relevant parties (buyers, requestors, suppliers, and tax etc) to resolve critical issues
• Communicate with vendors, internal customers or AP team members as required to ensure accurate
resolution
• Develop and maintain relationships with each supported location Finance and Operation’s team to ensure
continuity of service and partnership
• Demonstrate a thorough understanding of each supported country's invoicing requirements
• Familiarize and specialize in all technology solutions utilized by AP department
• Prepare and review AP daily, monthly, and yearly reports
• Ensure accurate and up-to-date procedures
• Ad-hoc tasks and projects as and when assigned by management
• Implement and document process improvements
• Provide necessary AP training to business departments
• Provide guidance/training to AP staff in case of knowledge transfers, new employees or procedure changes.
Accounts Payable Analyst
Cameron, a Schlumberger company
Dec 2007 - Mar 2008 (4 months)
Processing of assigned vendor invoices in a timely manner.

Manager - Accounts & Audit

PREETI SHIPPING AND LOGISTICS PRIVATE LIMITED (2005 - 2007)

Asst. Manager – Accounts and Finance

Ravissant Pvt Ltd (2003 – 2005)

Senior Financial Accountant

Urban House Interior (2021 – 2003)

Education
Guru Ghasidas University
Master of Business Administration - MBA, Accounting and Finance
2005 - 2007

Institute of Cost Accountants of India

ICWA(Inter), Accounting and Finance
1997 - 1999
Utkal University
Bachelor of Commerce - (B. Com), S.V.M. College, Jagatsinghpur,
1994 - 1997

Skills
SAP ERP • Oil and Gas Industry • Manufacturing • FinTech • Financial Reporting • Accounting •
SAP FICO • Project Management • Strategic Planning • Auditing

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