Summary
Overview
Work History
Education
Skills
Accomplishments
PROFILE
Timeline
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Sitharaman Ganesan

Consultant
Kolkata,WB

Summary

CMA certified professional with 25 years diverse experience in global FMCG companies like Kraft Heinz/Nestle. Seeking position as Finance Manager / Controller/ Consultant in a high performing business.

Overview

26
26
years of professional experience

Work History

External Consultant

Nestle India Ltd - Moga Factory
02.2020 - 05.2022
  • Contractor Time Management – Structure / Operations Review
  • P2P (Procure to Pay) or Source to Pay Process Review and Testing of Controls review for ALL P2P documents and activities
  • Review of Conformity of Working Hour Time Compliance to local laws- All Factory Employees Blue
  • Contractual Agreement Review of Third-Party Contractors including Security Deposit & Payment terms
  • Review the process of requisitioning services under Manpower/Job/Other Services based, Job under various Service Contracts
  • Plant Attendance Review of Third-Party Manpower Contractors
  • Workdays -Six Months comprehensive Review of Third-Party Manpower Contractors
  • Review of Biometric Attendance for Corrections of Contractual Vendors
  • Review of Spending incurred on Vendors under “No PO procurement “for violations
  • Process Overview of FFOH (Factory Fixed Overhead) Reporting
  • Quality Department: Testing Vendors – Review for SES /Delays /Efficacy of Accrual provision
  • Driving efficiencies at Nestle Quality Assurance Centre (NQAC) Moga –Benchmarking with Competitors
  • Fixed Assets Overview
  • Freelance Consultant: Kolkata, India

Financial Reporting & Consolidation Manager

MENAT & ROA (Middle East Turkey & Africa)
11.2017 - 10.2018
  • Liaising with Zone and World Headquarters on all reporting requirements
  • Performed Financial Accounting Consolidation/ Review of BS Reconciliations for the region
  • Coordinate with BU/ Finance managers to ensure month end results are accurate
  • Developed and maintained the integrity of the financial reporting process and financial controls
  • Review of Hyperion Upload routines including submission of monthly reporting schedules to World Headquarters
  • Ensure all Risks and Opportunities are highlighted
  • Managing the preparation and distribution of internal financial statements while maintaining the highest quality standards
  • Coordinated, developed and updated written policies and procedures over the financial reporting process
  • Management of Insurance and tax statutory positions /VAT
  • Overall responsibility of cash flow and working capital

Financial Reporting Manager

MENAT (Middle East & Turkey)
08.2015 - 10.2017
  • Managing daily activities for Accounting, Accounts Payables, Accounts Receivable and Treasury
  • Financial accounting in confirmation with corporate policies, accounting standards
  • Managing monthly closing process, including reconciliations and analysis of related accounts
  • Managed Internal and Statutory audit for the region
  • Conducted SOX related controls and remediation of SOX deficiencies
  • Implemented Financial Systems Simplification (FSS) Project with Deloitte
  • Consolidating financial accounting & performing Balance Sheet reconciliations
  • Analysed and presented KPI reports along with helping various corporate and ad hoc reporting
  • Managing the cash flow and working capital for the MENAT region
  • Consistent high WHQ ratings in terms of Reporting submissions reinstated for Consolidated Middle East & Africa which was lacking due to finance team / management structure change in 2017.
  • Streamlining financial reporting activities across business units ensuring faster month end close for the business.

Zero Based Budgeting (ZBB) Lead

MENAT
08.2014 - 07.2015
  • Organizing fixed cost budget for the full region
  • Led ZBB (Zero Base Budgeting) implementation including IT systems roll out and integration across business unit
  • Set up ZBB management routines for visibility of all fixed spend costs
  • Linked to this, implement clear accountabilities for budget owners and package owners
  • Managed and reviewed Turkey BU financials for the interim period post business transfer from Europe
  • Implement Zero Based Budgeting across the Middle East and Africa region (MENAT).
  • Drive savings and efficiencies by reviewing in detail cost base and question every cost.
  • Zone Recognition for successful implementation of ZBB in the region
  • Turkey Business Transfer from Europe- Closely worked with the Deloitte Team/ CFO to assess the current risks and ensure business financials reflect the true status which helped facilitate in turnaround of the loss-making BU.

Manager Management Accounting

Middle East / North Africa
07.2012 - 07.2014
  • Providing financial, commercial and strategic support to the business
  • Maintain pricing data vis a vis competition, review the pricing at regular intervals
  • Initiating price changes by analysing market wise and product wise profitability
  • Evaluating market level performance for risk & opportunity vis a vis target
  • Managing Fixed Costs for the Region - Budgeting and Actual review
  • Analyse market wise, product wise profitability
  • Control the market spend on trade and marketing activities
  • Generation of MIS and presenting it to management for effective decision making
  • Visibility of pricing data by customer/ SKU and monthly changes to identify any revenue dilution
  • Reporting and Budgeting of Fixed Costs by Cost Centre and review with Dept. Heads

Manager Financial Accounting & Treasury

MENA
05.2010 - 06.2012
  • Managing the Accounting and Reporting activities for Dubai region
  • Meet the Statutory as well as internal audit requirements with Sox compliance
  • Managing treasury function responsible for use of funds in profitable manner
  • Preparation of MIS and report to WHQ with regards to treasury & forex
  • Evaluate the Forex exposure and arrange for the forward covers
  • Negotiation banking facilities for Trade finance, Forex, Bills discounting and bank guarantees

Manager Financial Accounting Reporting & Payables

Middle East
07.2009 - 04.2010
  • Managing the Accounting and Reporting activities for Dubai region
  • Overseeing the Accounts Payable function
  • Manage Internal / Statutory audit for Dubai Business Unit
  • Streamline the Accounts Payable function and set up of payment routines aligned with suppliers

Assistant Finance Manger

Middle East
11.2008 - 06.2009
  • Credit Control and monitoring of Incoming funds
  • Accounting and Reporting activities for Dubai region
  • Managing Trade Spends and allowances for UAE / Oman markets
  • Meet the Statutory as well as internal audit requirements with SOX compliances
  • Hyperion Upload and submission of Monthly Reporting Schedules to WHQ
  • Generation of MIS Reporting
  • Setting up of MIS Routines and standardize reporting requirements for business review

Business Analyst

SAR Region
05.2006 - 10.2007
  • Control and manage marketing spends covering all product groups
  • Led and coordinated business reporting improvements / visibility for marketing spends for entire company.
  • Control over Budgets, Finalize Plans with Marketing, Review actual and reasons for variances.
  • Support to management & product group in decision-making supporting three business groups.
  • Job function includes Monthly Analysis of Sales / RIG; Evolution of Key Financial Data.
  • OPL / Dynamic Forecast / Making gap analysis with actuals; Review and analyse costing data
  • Leveraged knowledge of SAP Reports to provide visibility of marketing spends customized to stakeholder’s requirement - improving controls and aiding faster decision-making.
  • Successfully completed international audit in Marketing with no issues being reported

Senior Accounts Officer / Accounts Officer

Kolkata / North East Region
01.1996 - 04.2006
  • SAP Implementation of FICO (Finance & Control) and P2P (Procure to Pay) Modules at Kolkata Branch
  • Additional Responsibility of managing Data Standards and Data Management for All Customers and Vendors.
  • Trained on SAP and as SUPERUSER was assigned the task of training end users / cutover preparation for GO-LIVE.
  • Worked on the New Sales Incentive Package and implemented by successfully testing and identifying inherent bugs
  • Implementation of BPCS Financials. Trained on AS 400 platforms as KEYUSER and assigned the task of training end users / cutover preparation for GO-LIVE.
  • Successful Globe Template Implementation of SAP – Finance & Control and Procure to Pay Modules as Superuser
  • 100% Data Quality in Customer & Vendor Data (based on results of GO-LIVE)
  • Rated No1 (topmost rating) in 2006 Annual Appraisal – only 2 employees with such rating across Nestle India Limited
  • Implemented BPCS Financials (AR/ AP/ GL) at the Branch and undergone training on AS 400 platforms as key user

Education

CMA -

The Institute of Certified Management Accountants Australia
01.2011

ICWA Intermediate - undefined

ICWAI of India
01.1994

B.Com. (Honours) - undefined

Calcutta University
01.1992

Skills

  • Accounting / Consolidations
  • Budgeting
  • Accounts Payable
  • Financial Reporting
  • Management Accounting
  • ERP implementation
  • Internal Control/Compliance
  • Stock and Sales Accounting
  • Debtors Control
  • Procure to Pay / FICO in SAP
  • Cash & Treasury Management
  • Financial Analysis

Accomplishments

  • Analysed and presented prevalent issues /risk assessment / risk mitigation to the Factory Manager / Factory Controller
  • Savings Initiatives worked upon during review and shared with Factory Controller
  • Monitored the switchover of Contractual Time Management from legacy system to WEB-MIS to reduce manual corrections
  • Process Improvement recommendations discussed with stakeholders with Action Plan
  • Value Addition to Key Controls and Processes highlighted and shared with Management.
  • Contractor Outsourcing tasks evaluated for operational effectiveness and costs
  • Substantial Reduction in biometric attendance corrections post implementation of action plan

PROFILE

  • Finance Manager worked closely as a business partner across departments and taken on assignment/ projects aimed at performance and improvement of the business
  • Strong communication and people management skills
  • Supervise and lead finance teams for managing the financial reporting process, budgeting/forecasting, internal controls and compliance
  • Play an active role in Finance projects and initiatives / VAT Implementation
  • Trained in SAP/ BPCS AS 400/ Hyperion/ Epicor 10 ERP Applications
  • Support CFO/Controller to oversee all financial accounting / internal control /compliance matters in the region
  • Understanding and awareness of Commercial and Operational areas of the business
  • Perform risk assessment across company to identify any areas of revenue/yield dilution and design & implement mitigating controls
  • Proactive individual focused on system and reporting improvements for management review and maintaining the general ledger.
  • Liaising with internal and external auditors, tax consultants, legal parties and bankers

Timeline

External Consultant

Nestle India Ltd - Moga Factory
02.2020 - 05.2022

Financial Reporting & Consolidation Manager

MENAT & ROA (Middle East Turkey & Africa)
11.2017 - 10.2018

Financial Reporting Manager

MENAT (Middle East & Turkey)
08.2015 - 10.2017

Zero Based Budgeting (ZBB) Lead

MENAT
08.2014 - 07.2015

Manager Management Accounting

Middle East / North Africa
07.2012 - 07.2014

Manager Financial Accounting & Treasury

MENA
05.2010 - 06.2012

Manager Financial Accounting Reporting & Payables

Middle East
07.2009 - 04.2010

Assistant Finance Manger

Middle East
11.2008 - 06.2009

Business Analyst

SAR Region
05.2006 - 10.2007

Senior Accounts Officer / Accounts Officer

Kolkata / North East Region
01.1996 - 04.2006

ICWA Intermediate - undefined

ICWAI of India

B.Com. (Honours) - undefined

Calcutta University

CMA -

The Institute of Certified Management Accountants Australia

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