Sivasankar Krishnaswamy
Sithalapakkam
Summary
Dedicated professional, offering nearly 17 years of experience in managing Finance Operations with consistent record of delivering performance in terms of cost, growth, revenue & profitability. Hands-on experience in analysing business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice and report the outcome. Track record of having successfully directed the financial analysis, internal and regulatory reporting, accounting operations, budgeting and forecasting that led to long-term improvements in cost savings, profitability and productivity; bagged WOW Award (15 times) for providing CI in MEXP process and ensuring high quality delivery. Showcased excellence in assessing business unit profit trends, applying advanced skills in financial analysis such as budget setting, expense variance analysis & financial consolidation in coordination with various teams. Knowledge in designing systems & procedures and contributing towards improved financial performance, heightened productivity and enhanced internal controls; successfully completed Green Belt Project by adopting new system approach which helped in saving >57% of processing time in month-end reporting at Shell Business Service Centre. Renowned for successfully migrating Technology Major Expenditure process to GDC and implementing the same approach in other LOBs for BNY Mellon. Team-based management style coupled with the zeal to drive visions into reality; currently spearheading a Team of 4/-5 Analysts.
Overview
18
18
years of professional experience
Work History
Sr AVP - Commercial banking FP&A Consolidation
Wells Fargo
Chennai
01.2023 - Current
- Led prioritization, analysis, design, planning, and execution of Line of Business (LoB) management reporting deliverables, aligned with financial data and insights provided to Regional LOB business partners and governance forums.
- Successfully transitioned Commercial Banking FP&A processes to Insights & Planning (I&P), streamlining reporting and increasing analytical efficiency.
- Spearheaded forecasting and planning for Loans, Deposits, and Fee-based revenues, including end-to-end ownership of monthly forecasting cycles and variance analysis.
- Developed and delivered monthly finance packs and executive forecast decks, including detailed variance commentary against prior forecasts and budgets, enabling informed decision-making by senior management.
- Directed the preparation and analysis of the annual plan, 5-year strategic outlook, and rolling forecasts, incorporating benchmark comparisons and key performance tracking.
- Delivered critical financial data as part of the Earnings Package from I&P, which was commended by the CFO for accuracy and insightfulness.
- Mentored and supported the finance team to ensure timely, high-quality outputs that aligned with stakeholder expectations.
- Designed and implemented a Revolver Loan Dashboard, improving visibility and revenue optimization for the LoB.
- Built a Power BI Dashboard for year-to-date compensation reporting, enabling the CFO team to identify major variances and trends across reporting cycles.
- Managed cross-functional stakeholder engagement and issue resolution, providing root cause analysis and driving sustainable process improvements.
- Twice honored with the Spotlight Award for successfully leading the transition of the Commercial Banking FP&A process and streamlining the forecasting methodology.
- Commended by the CFO and GDC Head for designing and implementing a centralized commentary framework, significantly improving the accuracy and timeliness of financial narratives across the team.
- Proposed and developed a Power BI-based 'Revolver Dashboard,' resulting in a 0.8 FTE efficiency gain and enabling the team to absorb additional responsibilities without expanding headcount.
Associate Manager - Technology Capital Controller and Lead Compensation
Bank of New York Mellon
Chennai
04.2015 - 01.2023
- Working as Part of Capital Controller Group and driving the Technology MEXP Process.
- Managing Capital Project Planning, Budgeting & Forecast and providing valuable variance commentaries to CAOs, CFO and PMs.
- Extensively involved cost analysis, QPR (SOX) and over budget analysis; project cost controlling and profitability analysis.
- Reviewing the overall spend and allocation by technology product wise and Project wise.
- Formulating value added reports for identifying better ways of managing the project funding (project aging report, over spend, budget vs actual analysis and group spend report).
- Involving in compensation planning and forecasting process by remodeling the LOBs Incentive models.
- Providing Comp walk to CFO along with short term and Long term incentive impact to business with key comments.
- Providing direction to LOBs on Incentive model changes and connect with accounting team.
- Detailed analysis on Headcount reporting and provide comments to CFO.
- Successfully transitioned Mellon Reporting and upgraded the Fee revenue process with automation.
- Helping team to meet the stakeholder requirement with high quality.
- Bagged WOW Award (9 times) for providing CI in MEXP process and ensuring high quality delivery.
- Appreciated by the CFO/GDC Head for establishing the preeminent Capital Project reporting in GDC with high time accuracy and quality.
- Suggested innovative ideas in the process that saved around 1.3 FTE in overall process and managed additional responsibilities in the same FTE bandwidth.
Specialist-MIPA
Shell Business Service Center
Chennai
06.2012 - 04.2015
- Successfully completed Green Belt Project by adopting new system approach which helped in saving >57% of processing time in month-end reporting.
- Titled as Best Performer of the Month for more than 3 times.
- Received SRA (2 times) for designing a new tool which helped in completing the analysis within the deadline and with zero level tolerance in quality for pipeline business.
- Recorded successful migration of US Pipeline Business and received recognition for the same.
- Headed Capital budgeting operations and conducted variance analysis for Capital Projects.
- Acted as first point of contact for the entire project related queries/project reports and MIS.
- Analyzed Over /Under Recovery Cost and allocated the same to Distribution Business.
- Prepared EFT/Dash Board/Project Financial Report Pack for the Management.
- Managed Capital budgeting and conducted variance analysis for Capital Projects.
Individual Contributor-Costing (Desktop Products)
Hewlett Packard
Chennai
06.2011 - 05.2012
- Finalized the product cost for desktop products; conducted BOM verification and analysis for the new products.
- Analyzed actual results vs. plan/forecast and worked with management to investigate and explain variance.
- Generated annual budget which includes setting of manufacturing standard costs.
Executive-Reporting & Costing
Madura Coats Pvt. Ltd.
Bangalore
10.2009 - 06.2011
- Participated in Financial Planning & Cash Flow, Budgeting and Variance Analysis.
- Managed Capital Budgeting (AFE) and cost roll-up in SAP (Standard Cost Revision).
- Prepared product costing & calculated Ex- factory cost of product (SAP).
- Analyzed actual manufacturing costs and prepared periodic report comparing standard costs to actual production costs.
Senior Associate-Audit
Fidelity Business India Pvt. Ltd.
Bangalore
05.2008 - 10.2009
Accounts Officer (Trainee)
Coromandel Fertilizers Ltd. (Murugappa Group)
Bangalore
06.2007 - 05.2008
Education
ICWA (Inter) -
ICWAI
KolkataB.Com. -
Bharadhidasan University
Skills
- SAP FICO
- Oracle Cloud
- COGNOS
- PeopleSoft
- Windows
- MS Office
- MS Power BI
- SQL
- Alteryx
Languages
- English
- Tamil
- Kannada
Personal Information
Date of Birth: 03/08/86
Key Impact Areas
· Financial Modeling
· Budgeting & Forecasting
· Variance Analysis
· Data Analysis & Business Intelligence
· Data Visualization & Reporting
· Scenario Planning / Stress Testing
· Strategic Financial Planning & Business Partnering
· Communication & Stakeholder Management
· Adaptability & Continuous Learning (incl. Tech / Automation / AI Awareness)
· Forecast Ownership / Budget Ownership / End-to-End Financial Planning Cycle
· Cross-Functional Collaboration / Business Partnering / Stakeholder Advisory
· Cost Analysis / Capital Expenditure (CapEx) Planning / Investment ROI Analysis
· Management Reporting / Dashboarding / MIS (Management Information Systems)
· Automation / Process Improvement / Financial Systems / ERP / BI Tools /
Data Automation (SQL / Power BI / VBA)
· Strategic Business Planning / Corporate Finance / Long-Term Planning
/ Investment Strategy / Financial Strategy
Languages
English
Advanced
C1
Tamil
Proficient
C2
Timeline
Sr AVP - Commercial banking FP&A Consolidation
Wells Fargo
01.2023 - Current
Associate Manager - Technology Capital Controller and Lead Compensation
Bank of New York Mellon
04.2015 - 01.2023
Specialist-MIPA
Shell Business Service Center
06.2012 - 04.2015
Individual Contributor-Costing (Desktop Products)
Hewlett Packard
06.2011 - 05.2012
Executive-Reporting & Costing
Madura Coats Pvt. Ltd.
10.2009 - 06.2011
Senior Associate-Audit
Fidelity Business India Pvt. Ltd.
05.2008 - 10.2009
Accounts Officer (Trainee)
Coromandel Fertilizers Ltd. (Murugappa Group)
06.2007 - 05.2008
ICWA (Inter) -
ICWAI
B.Com. -
Bharadhidasan University