Jagadesh Babu Veesam
Chennai
Summary
An experienced professional, having over 16+ years of experience in FP&A. Results-oriented Corporate Financial analyst with excellent process knowledge, variance analysis (VA), audit, budgeting, forecasting, reporting. Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals. ICWA Qualified in June 2008.
Overview
17
17
years of professional experience
Work History
Asset Analyst
Upstream GOM Asset
10.2021 - Current
- Responsible to deliver all MIS and Finance planning & analysis requirements of GOA Asset - Appomattox which generate revenue of ~$1.8bln with a FCF of $1.1bln.
- Preparation and analysis of monthly MI reports and sharing the variance analysis by comparing the Budget/LE.
- Deliver the Financial Month close without slippages and ensure Financial performance is accurately reflected.
- Responsible to post centralized VOWD accruals for Flag ship Projects >USD 200mln.
- Monitoring the key KPI’s and identify the causes of unexpected variances.
- Continually improve budgeting, financial forecasting, and reporting on ad-hoc performance.
- Depreciation analysis to understand its dynamic nature for accurate modelling/forecasting to Appo asset.
Analyst
Shell India Markets Pvt. Ltd.
02.2012 - Current
Asset Analyst
Upstream Brazil Asset
11.2019 - 09.2021
- Preparation and analysis of monthly MI reports by comparing the Budget/LE.
- Presentation of overall Asset MI pack and present to the Finance manager community.
- Drive the LE exercise on quarterly basis by collaborating with Technical teams and consolidate the numbers and present the story to the Finance Manager.
- Responsible for coordinating with the Auditors and the team members for testing the Finance VOWD controls effectiveness on a quarterly basis.
- Work as Anaplan data custodian to make the cost center/wbse hierarchy updated and actual numbers reconciled.
- Responsible to create and maintain the Asset hierarchy updated to handle the different cost categories.
- Standardize the MI in a new outlook and eliminate the unnecessary data in the pack.
- Able to present the MI pack to the GM level. It was well appreciated by GM & Finance manager community.
- Demonstrated the great collaboration to work with Technical teams to make the comments by comparing the Actuals with Budget/LE.
- Established the effective controls and checks in place for accruals process in SAMBA assets resulted the effective month end close.
- Supported the Anaplan 2.0 testing for the NOV assets and made the tool successfully went live.
- Supporting the Power BI testing for the SAMBA assets along with MI COE team to implementing the Power BI as the standard MI report.
Analyst
MI Analyst R&A (Upstream IT and Enterprise services IT)
02.2012 - 10.2019
- Responsible to deliver all MIS and Finance planning & analysis requirements of IT business units which generate revenue of ~$150million.
- Managed business transition from Netherlands region to Chennai center using Shell specific migration methodology and stabilize the same.
- Preparation and analysis of monthly P&L of different Global IT Business units with comparison to Budgets/L.E .
- Drive the Executive management review and present financials to Top management with performance comments and provide suggestions for Cost management.
- Preparation of FTE realization reports and resource cost analysis.
- Preparation and circulate time writing reports to all the service line leads for time writing completeness to avoid the recovery issues.
- Handling end to end Cost & revenue flows eg: cost center, profit center set up and time writing.
Dy. Manager
Panasonic Home Appliances Ltd
08.2010 - 01.2012
Deputy Finance manager
Panasonic Home Appliances Ltd
08.2010 - 01.2012
- Company Overview: Manufacturing of Home appliances
- Analysis of Factory expenses and Budgetary control (Sanction Vs Actual) on monthly basis.
- Providing commentary to Management for the expenses variances.
- Preparation and Analysis of Variance of Material Consumption (Standard Vs Actual) on Monthly basis.
- Reconciliation of Sub Contractor Stock with the Stock Ledgers.
- Ensure internal controls are functioning adequately and implement new controls where appropriate.
Manager
STAN PACKS INDIA LTD
02.2009 - 08.2010
Costing and finance Manager
Stanpacks India limited
02.2009 - 08.2010
- Company Overview: Manufacturing of PP Bags
- Preparation and analysis of Factory expenses and Budgetary control (Sanction Vs Actual) on monthly basis.
- Preparation and Analysis of Variance of Material Consumption (Standard Vs Actual) on Monthly basis.
- Critical Analysis of the profitability reports and analysis of exceptions.
- Coordinating with the Internal & Statutory Auditors relating to Company Audit.
Education
Bachelor of Commerce -
Rajiv Gandhi Degree College
05-2006
ICWA - undefined
Skills
Operating Systems: MS Dos, MS Windows
Accomplishments
- Latest Estimate (LE) Process: Successfully led the Q2 LE process across the Gulf of America (GOA), delivering results within deadlines and providing meaningful insights to support strategic decision-making.
- AFE Audit Support – Zero Findings: Supported the AFE audit process with zero error findings for the third consecutive time, demonstrating strong compliance and attention to detail.
- GOWD VOWD Control: Demonstrated strong collaboration skills by effectively engaging with both E&Y and GRA teams on VOWD (Value of Work Done) controls. This proactive and coordinated approach contributed to achieving zero control failures for the third consecutive review cycle.
- Appo West Write-Off Execution: Facilitated the Appo West write-off process, ensuring timely and accurate entry processing in alignment with financial close requirements.
- Reduction of Appo Suspense Account Balances: Proactively reduced long-standing suspense account balances of $1mln from 2021 by engaging regularly with Engineers, Co-owners, and the JV Team.
- Established VOWD Process Across GOA: Successfully set up the Value of Work Done (VOWD) process across the Gulf of America (GOA), enhancing visibility and control over project costs.
- AFE SME Role & Internal Controls Implementation: Took on additional responsibilities as the AFE Subject Matter Expert (SME), supporting run-and-maintain activities and implementing robust internal controls to mitigate risks.
Personal Details
- Name: Jagadesh Babu Veesam
- Gender and Age: Male, 39 years
- Base Location: Chennai, India
- Email: samratjagan@gmail.com
- Phone/Mobile: 9962024681.
Timeline
Asset Analyst
Upstream GOM Asset
10.2021 - Current
Asset Analyst
Upstream Brazil Asset
11.2019 - 09.2021
Analyst
Shell India Markets Pvt. Ltd.
02.2012 - Current
Analyst
MI Analyst R&A (Upstream IT and Enterprise services IT)
02.2012 - 10.2019
Dy. Manager
Panasonic Home Appliances Ltd
08.2010 - 01.2012
Deputy Finance manager
Panasonic Home Appliances Ltd
08.2010 - 01.2012
Manager
STAN PACKS INDIA LTD
02.2009 - 08.2010
Costing and finance Manager
Stanpacks India limited
02.2009 - 08.2010
ICWA - undefined
Bachelor of Commerce -
Rajiv Gandhi Degree College
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