Ajeesh Kumar S

Key Result Areas: Budgeting | Estimation | Month closing| TSF| Variance Analysis| WC Management
• Prepared comprehensive monthly financial statements and performed variance analysis for the Grains Portfolio,
which encompasses two distinct business units generating a collective revenue of USD 700m.
• Worked directly with the business leads to forecast the project expenses and prepare yearly budget.
• Lead the monthly financial close process and reporting the GL review, Cash Flow projection,
Forecasted ROY numbers, MTM Analysis, OH analysis, Cost reduction, P&L estimate, variance from EOY.
• Oversaw budgeting and forecasting, collaborating with business leads to optimize cost efficiency.

Achievements:
• Optimized working capital through a strategic plan that yielded annual interest savings of USD 250k and
improving overall cash flow management.
• Ensured IFRS compliance and financial governance, resulting in a 60% reduction in audit findings through
proactive collaboration and effective coordination with auditors over Automation in the Finance function.

Finance Manager of multiple product portfolios
(Milling, Trading & TSF Operations) of Olam Agri, it includes Yearly Budgeting | Estimation | Month
closing| Variance Analysis| Team Lead R2R | Derivatives.

Rolling Estimate | Month closing| budgeting & forecast | Variance Analysis

Key Rolling Estimate | Month closing| budgeting & forecast | Variance Analysis
• Prepares and facilitates the Strategic & Annual budgeting and monthly forecast process with the BU.
• Month closing in SAP (accrual, Fallout analysis, YE Accrual reversal etc, ) and uploading rolling estimate.
• Supports and facilitates discussion of Strategic & Annual budget and monthly rolling estimates.
• Reporting Marketing & Operating Expense variances versus prior year, budget plan and prior forecast.

Roles and Responsibilities includes

P&L Estimate | MIS Reporting| Pricing Decision | Variance Analysis| Budgeting | Budget Control | Cost Audit | Transfer Pricing | New investment Analysis.

Achievements :

1.Received best Performer award
2. Memebr of Junior committee - cost reduction team.

P&L Estimate | MIS Reporting| Pricing Decision | Variance Analysis | Budget Control | Cost
Audit | Transfer Pricing | New investment Analysis
• Establishing annual standard for the Material, Labor and overheard and evaluating COGM variance.
• Managing various functions such as monthly P&L estimate, closing along with variance analysis.
• Aiding CFO with relevant reports on key decision-making process like policy decision, business model decisions
like Business risk, Pricing decision etc.
• Preparation of Standalone P&L & BEP calculation for new projects and line of business.
• Planning & Budgeting (CAPEX & OPEX), and Analyzing the variances, Quarterly Revision in Budget.
• Monitoring under/over absorption of overheads, low contribution products investment etc.

Achievements:
• Orchestrated and executed large-scale solar projects (~10MW), achieving a 30% reduction in power costs and
positioning the company as an industry leader in cost-efficiency and sustainability.
• Lead the strategy and successful launch of a new manufacturing plant and a CAPEX of USD 200 m, overseeing
all phases from planning to execution, ensuring operational efficiency and readiness.

-Provided monthly financial statements;
administered the monthly closing process.
- Coordinated with internal & external auditors for
the quarterly and annual audit.
-Liaised with Project Managers (PM) and Project
Executives

Project Cost Accountant | Project Estimation | Buy/ Hire Decision
• Provided monthly financial statements; administered the monthly closing process.
• Coordinated with internal & external auditors for the quarterly and annual audit.
• Hire vs. Purchase or In-house vs. Subcontract etc. for strategic decision making.
• Liaised with Project Managers and Project Executives regarding contract modifications approvals.