SANTHOSH KRISHNA
Boxborough
Summary
Seasoned Finance Controller with comprehensive knowledge in financial reporting, budget forecasting, and corporate tax planning. Skilled at streamlining financial operations to improve efficiency and cost-effectiveness. Notable for successfully managing multiple projects simultaneously while maintaining high standards of professionalism and integrity. Proven effectiveness in establishing strong working relationships with key stakeholders, demonstrating ability to influence decision-making processes.
Overview
17
17
years of professional experience
Work History
Finance Controller- Real Estate Americas
Philips
02.2022 - Current
- Supporting business decisions support through modelling and business case analysis of mid- and long term RE alternatives.
- Securing and optimizing the functional financial performance, by means of controlling all financials of the function, especially in budgeting and functional cost analysis, project/impairment Onerous Lease Provision (OLP) and Decommissioning Obligation (DO) v/IFRS16 lease accounting & capital planning management.
- Delivering meaningful, accurate and timely reporting & analysis on functional cost and project performance, thereby supporting regional RE MT in making fact-based, financially sound decisions.
- Benchmarking financial & cost performance with historical data/competitors. Monitoring and controlling functional processes and their execution for compliance.
- Preparing financial statement (construction projects, transactions, OLP/DO, impairment, (Philips Facilities Management (PFM) accruals) and maintains proper financial documentation.
- Maintained records of fixed assets including depreciation schedules.
Senior Finance Manager – Team Lead
Philips
03.2017 - 02.2022
- Team Lead for FP&A Enabling functions team (supporting functions) of 11 professionals.
- Accountable for EUR 1.5Bn of EF budget for the Philips market across the globe.
- Analyzed financial statements to identify areas for improvement and recommend solutions to reduce costs.
- Managed the budgeting process including forecasting, monitoring and reporting of expenses.
- Developed, implemented and monitored financial control systems to ensure accuracy of data and compliance with applicable regulations.
- Provided strategic guidance on long-term business objectives and initiatives related to finance operations.
- Provided training and mentorship support to junior staff members in order to develop their skills in accounting principles and financial management techniques.
- Coordinated with internal stakeholders such as department heads, auditors and external partners to facilitate efficient completion of tasks.
- Hired and supervised professionals for optimal productivity while adopting training program to educate personnel on best practices and protocols.
Finance Manager
Shell Business Services (I) Pvt Ltd
12.2012 - 03.2017
- Qualitative analysis and appraisal of financial results on a monthly basis by articulating business drivers and generates high value ideas and has influential relationships with senior management in the business.
- Support in financial planning and analysis of the Shell Bitumen EU business and prepares Latest Estimates on a quarterly basis.
- Perform cost analysis on various factors which would help the business to have control over the cost structure.
- Strong understanding of finance systems and tools (BI, GSAP). And ensures quality, accuracy and integrity of information and thereby provides expert guidance to financial and non-financial stakeholders on FP&A related matters and perform frequent forward-looking analysis.
- Initiated and lead Continuous improvement and process excellence activities using Lean Six Sigma tools and techniques to eliminate waste, standardize, simplify and automate and improve quality of MI processes and Management Information.
- Demonstrated the ability to improvement ideas by rolling out one CAPEM Tool (Balance sheet Analysis) across business hence minimizing the time spent by each analysts.
Supply Chain Executive – Team Lead
Flextronics Technologies (I) Pvt Ltd
09.2011 - 12.2012
- Company Overview: Headquarters in Singapore.
- Medical Materials: Creating strategies to bring in Material Cost reduction for the Medical Segment of Flextronics.
- Material Pricing Analysis for the Global Medical Segment of Flextronics.
- Worked as a Pricing Manager for the Medical & Automotive Segments. Co-ordinated with the global medical suppliers to push back the Material price increases.
- Played a Key role in fixing the gap between the PO price and STD cost of all the Medical Components.
- Conducted Supplier Forum in United States (Texas) to share the Business Outlook with Top suppliers of the Medical & Automotive Segments. Travelled to Taipei (Taiwan) to attend the Quarterly Business Review with the Medical & Automotive suppliers of Flextronics.
- Team Leader of Data & Report Management Team for Medical & Automotive Segments in Flextronics.
- Headquarters in Singapore.
- Analyzed supply chain data and identified areas of improvement to increase efficiency, accuracy, and cost savings.
Senior Team Member in Global FP&A
Ford Business Services Center PVT LTD
05.2008 - 09.2011
- Company Overview: Wholly owned subsidiary of Ford Motor company - USA.
- Material Cost Reduction: Performed Claims Audit Process for all Regions in Ford.
- Preparation of comparison report using Bill of Material which shows the difference between the material costs of the part between two periods.
- Ensure Financial Statement Integrity: Ensure financial statements are accurate and forecast/business plan reflects a 50/50 assessment of Operating plans.
- Responsible for preparing the Summary Reports for Ford (North America) which shows the impact of the non-design price changes which is used for forecasting purposes.
- Help the dealers to avail loans as per US Federal Law.
- To accurately forecast & budget the total $mils for material cost aligned with all other functions using variance bins to explain changes in material cost.
- Audited the vehicle parts with non-design price change and saved $ 5mils to the company in the year 2008 - 2009.
- To Audit the Lumpsum claims made by the suppliers and direct the payables team to make appropriate payments to the suppliers.
- Wholly owned subsidiary of Ford Motor company - USA.
Education
Senior Leadership Program -
Indian Institute of Management (IIM)
India05.2025
MBA - Financial Management
National Institute of Business Management
India01.2011
B.Com -
Prince Shri Venkateshwara Arts & Science College
India01.2008
Higher Secondary -
Corley Higher Secondary School
01.2005
Skills
- Financial Planning & analysis
- Variance Analysis Expertise
- Business Partnering Expertise
- Certified Lean Practitioner
- MIS Reporting
- Communication Skills
- Certified Coach
- Commercial Mind-set
- Team leadership
- Cash flow management
Accomplishments
- DRIVE award, 04/01/23, Philips North America Finance, For bringing in bottom-line savings to the Real Estate function.
- License to Lead, Philips, Completed an extensive leadership skills program.
- EVP Award Winner, 2015, Shell, For identifying incorrect invoices worth $1M.
- Nominated for CFO Award, For identifying and rectifying $20M margin errors post new payment term implementation.
- Lean Leadership Certified, Philips, Completed two Six Sigma Yellow Belt Projects to improve the Quality of the Financial Reports.
- Star Team Award, 12/01/11, Flextronics, For 4th Quarter of 2011.
- Star Team Award, 06/01/12, Flextronics, For 2nd Quarter of 2012.
Timeline
Finance Controller- Real Estate Americas
Philips
02.2022 - Current
Senior Finance Manager – Team Lead
Philips
03.2017 - 02.2022
Finance Manager
Shell Business Services (I) Pvt Ltd
12.2012 - 03.2017
Supply Chain Executive – Team Lead
Flextronics Technologies (I) Pvt Ltd
09.2011 - 12.2012
Senior Team Member in Global FP&A
Ford Business Services Center PVT LTD
05.2008 - 09.2011
Senior Leadership Program -
Indian Institute of Management (IIM)
MBA - Financial Management
National Institute of Business Management
B.Com -
Prince Shri Venkateshwara Arts & Science College
Higher Secondary -
Corley Higher Secondary School
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