Vineet Somani
Alpharetta,GA
Summary
Highly motivated & self-driven finance leader with 13+ years of experience and proven success in roles spanning sales finance, supply chain, pricing, business & finance transformation, FP&A, commercial & internal control.
Excels in leading cross functional team, thrives in high-pressure situations with a deep analytical bent, bias for action and continuous improvement
Overview
13
13
years of professional experience
1
1
Certification
Work History
Associate Director of Finance
Kimberly Clark Corp
04.2020 - Current
- Provided finance leadership to Global Manufacturing and Logistics teams driving value creation opportunities at mills & DC ($200MM+ in annual gross saving)
- Global finance leader for K-C's largest supply chain transformation project ($2.6 Billion cost savings over 3 years) leading Finance PMO, program governance, savings valuation methodology, design value capture tool. Program on track to achieve 110% of Target
- Directly contributed to 1% OEE improvement through asset-level efficiency analytics across 70+ mills ($7MM value)
- Assisted digital manufacturing transformation and short/long term footprint & asset strategy to optimize product supply network (drive and control $100MM+ investment with
- Analyzed financial delivery vs forecasts ($400MM total cost savings, $1 Bn capex spends & $2Bn inventory), prepare high-level variance analysis for Executive Leadership review
- Directly managed $140MM SG&A budget for Global Supply Chain function and improved Budget Planning process through centralization and standardization
- Coached 5 finance/non-finance team members to elevate their capability in driving greater impact
APAC SC Finance Business Partner
Kimberly Clark APAC
04.2018 - 04.2020
- Leading cost benchmarking and supporting $100 Million+ in annual supply chain savings delivery for APAC
- Revamped inter-company goods transfer costing process ($400MM in annual spends) and created a regional COE team to drive enhanced visibility of cost to importing markets
- Drove 2 days working capital improvement with regional procurement team by payment term process change
- Developed a comprehensive cost tracking tool that captures driver-wise cost movement across our 18 APAC mills that helped drive cost benchmarking and improved costing FP&A process (directly drove $2MM in cost savings)
- Provided finance & PMO support to drive K-C’s largest restructuring program in APAC ($180MM in charges, $50MM in savings)
- Facilitate $200MM capex prioritization process by reviewing growth strategy and demand-supply balance
Senior Business Analyst
Kimberly Clark Professional
06.2014 - 03.2018
- Managed sales team performance by reporting & driving key financial metrics (primary/secondary sales, margins, new business, AR etc)
- Drove 50bps gross margin improvement through Pricing analytics (brand, category & channel pricing, incl price pack architecture), brand-SKU-sales region profitability analysis
- Reduced price-quote approval process time by 40% by creating a macro-enabled I-Quote tool to revamp price-quote process for sales org
- Partnered with National Sales & Marketing heads in designing & anchoring Strategic and Annual Business Plans
- Partnered with indirect tax team to drive $1MM+ in duty benefit by moving out of MRP based tax regime
- Oversaw local accounting team members in during month/quarter end and facilitate book closing process
- Elevated financial acumen & capability of sales & marketing teams through in-house training and support
Finance Manager, Sales Operations
Pernod Ricard Group
12.2012 - 05.2014
- Finance business partner to divisional GM in driving P&L and facilitating accounts & finance governance
- Drove $1.5MM margin improvement through direct price negotiation with key customers
- Achieved 4 days DSO reduction by revamping invoice certification and collection process and ensuring stricter credit control compliance for the division
- Driving annual budgeting and quarterly FP&A process for pan India operations
- Analyzed & presented monthly performance vs Plan to divisional leadership; analyze Trade Marketing spends effectiveness
Assistant Finance Manager
ITC Limited - Agri Business Division
10.2011 - 12.2012
- Supported business head in monthly operational, financial reviews on store-category wise sales, pricing, margins, expenses, shrinkages, inventory
- Oversaw investment requirement for Rural Retail Businesses (23 hyper markets & 5 Fuel Stations)
- Led accounts, finance and MIS for ITC’s Rural Retail Business to ensure true & fair accounts reporting
- Handled audits (statutory, divisional & corporate internal audit) and ensured adequate internal control
Senior Consultant
KPMG, BMR Advisors
12.2009 - 10.2011
- Drove risk assessments, process reviews and internal audits of CPGs and other large behemoths viz., Unilever, Novartis, NYK Shipping Line and Reliance group including factory operations efficiency, contract worker/job-worker activities, export operations, Pure-it Water Business, 2P/3P operations
Education
Chartered Accountant - Accounting, Finance, Costing, Taxation, IT
Institute of Chartered Accountants of India
INDIA12.2009
Bachelor of Science - Accounting And Finance
ICFAI University
INDIA06.2009
Skills
- Analytics and Reporting
- Business Partnering & Finance Operations
- Process and Functional Transformation
- Strategic and Financial Planning (FP&A)
- Cost Control and Reduction
- Leading Cross Functional Teams
Accomplishments
- Exceptionally rated in all the 3 roles undertaken with K-C
- Recognized as Top talent in Finance in K-C
- Winner of ‘Outstanding Contributor’ for 2 years straight (2015 & 2016) for KC Professional India
- Awarded ‘Reaching for Greatness – Individual Category’ 2016 award by KC Professional India
- Authored a write-up on Cost Saving Measures in companies
Certification
- CA - Chartered Accountant
- Business Strategy (Mckinsey & Company)
- High Impact Presentation (Dale Carnegie Institute)
- Structured Problem Solving for Results (Mckinsey & Company)
Timeline
Associate Director of Finance
Kimberly Clark Corp
04.2020 - Current
APAC SC Finance Business Partner
Kimberly Clark APAC
04.2018 - 04.2020
Senior Business Analyst
Kimberly Clark Professional
06.2014 - 03.2018
Finance Manager, Sales Operations
Pernod Ricard Group
12.2012 - 05.2014
Assistant Finance Manager
ITC Limited - Agri Business Division
10.2011 - 12.2012
Senior Consultant
KPMG, BMR Advisors
12.2009 - 10.2011
Chartered Accountant - Accounting, Finance, Costing, Taxation, IT
Institute of Chartered Accountants of India
Bachelor of Science - Accounting And Finance
ICFAI University
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