Jambunath G.H.M (Jammy)
440-***-**** . ***** Cedar Road, Apt. 504-2, Beachwood, OH 44122 . ************@*****.*** P A G E 1 O F 3
F I N A N C E DIRECTOR
Worldwide, Divisional Leadership for Mergers and Post-Integration Process Improvements GLOBAL EXPERTISE IN CONTROLLING, PLANNING, BUDGETING & FORECASTING, M&A & EXTERNAL RELATIONS
GROWTH STAFF & BUSINESS PERFORMANCE QUALITY TECHNOLOGY IMPROVEMENT Progressive Executive Leader, Operational Strategist and a Trusted Advisor with rapid career progression and record of sound financial guidance in complex, globally charged settings demanding keen business acumen. Driver for operational and financial efficiency establishing core metrics that optimize team performance and maximize capital position across multinational working cultures. CAPITAL ADMINISTRATION, STRATEGIC PLANNING & EXECUTIVE LEADERSHIP HIGHLIGHTS INCLUDE:
High-profile role in DeNora’s 33% equity sale to Blackstone Private Equity as point person for due diligence and all financial concerns of the Water segment
Highly collaborative approach to embrace both the CEO's strategic plans and the unique attributes of a private equity structure
Facilitated merger process in Asia with TKU with an increased equity of 6% to DeNora by freeing working capital and demonstration of consistent figures depicting financial health
$ 30 M+ savings/liquidity generated through strategic and operational analysis by creating regional product excellence centers and setting up efficient tax management across countries. Also, led the restructuring through plant closures resulting in a cost reduction of $ 9 M
Saved $ 4 M in interests by setting up cash pooling concepts across companies to optimize cash surplus of two of the companies in compliance with Chinese banking regulations Commended by the group CEO and CFO, CEOs of respective countries of DeNora Group, for consistent leadership performance, Growth Support across global units and Post –merger processes including supporting the acquisition by a Private Equity group
LEADERSHIP HISTORY & PERFORMANCE
DE NORA WATER TECH 2016–Present
Manufacturers of Global Water treatment equipment for water purification, disinfection, effluent treatment for On and Off shore Oil and Gas Industry, Ballast treatment equipment for Ships, Water filtration plants, municipal corporation with 9 facilities in 6 countries with a turnover of $ 180 M DIRECTOR FINANCE – EXECUTIVE LEADERSHIP TEAM
Quickly promoted by the Group to take financial reins of the entire DeNora Water Division (11 legal entities spread across USA, Europe and Asia) upon acquisition of Seven Trent group, based on proven leadership strengths after a brief stint of Regional controlling of North America Water Division. Take pivotal role in all Executive, Audit and leadership committee. Direct all financial controls, accounting and reporting, taxes, treasury, IT and internal audit functions and manage 10 direct reports
• Created organization-wide finance, IT and Audit group – Collapsing multiple head-quarters and relocating key roles to excellence centers. Transforming organization for regional to functional reporting. Invigorated staff performance, reorganizing teams and developing talent from underutilized employees
• Guiding all Finance managers of 11 companies - designing better controls by introducing standardized budget, Forecast, price bid approvals, hourly rates and engineering methods and achieved a phenomenal 20% reduction in costs
Jambunath G.H.M (Jammy)
P A G E 2 O F 3
• Adding cutting-edge, companywide International Financial Reporting Standards – Pulled in cross- functional resources to support system requirements and implementation with new SAP Business Objectives planning and consolidation - BoPC(business intelligent system) that eliminated need for disparate Hyperion consolidation system
• Cut reporting window for critical plant metrics by 10% - reducing gap of delta of Gross margins Vs Contribution Margins by 15% to 5% of revenues- as part of focused metrics tracking initiative, setting up tools to monitor under absorption of fixed overheads leading top-down effort to obtain operational and financial data through business intelligence capabilities. DE NORA LTD,ASIA (SUZHOU, SHANGHAI, SINGAPORE, TOKYO) 2012–May 2016 ‘On Deputation’ Leading designer, manufacturer and supplier of electrodes, coatings and complete electrochemical solutions in Asia with a turnover of $180 mm across four companies in different countries. ASIA REGIONAL MANAGER – MANAGEMENT COMMITTEE, 2014 Though chosen for unique financial administration, managing monthly/quarterly financial reporting, and financial controls for China Units, was approached by Asia CEO and the Group CFO to take the responsibilities of entire Asia region.
• Freed $ 30 M+ in savings taking an operational and strategic role by restructuring (spin off manufacturing business from Engineering, Procurement and Contracting business), sale of non-core assets and exerting influence of profitability through creation of regional product excellence centers through an efficient product movement across countries and better tax management
• Complete oversight of financial controls, accounting, reporting, Treasury, IT, HR and Purchasing functions including feasibility study of the China expansion project
• Improved quality through technological and operational advances including IT system migration
• Facilitated Risk assessment and audit committee review meetings administering reporting functions and managing wrap-up procedures in compliance with both IFRS and GAAP. DE NORA TECH INC., OHIO. USA 2009– 2012
America’s leader in designing, developing and manufacturing Electrodes for the chlor-alkali Industry and manufacturers of electro chemical systems with a turnover of $ 110 M MANAGER – ACCOUNTING & CONTROLLING
• Developed and redesigned monthly managerial reports, Quarterly forecasts and annual plan with executive summaries to the Corporate Office along with appropriate analysis and recommendations to the Board
• In charge of preparing quarterly IFRS reporting package to Corporate Headquarters with submission of relevant data in to SAP Platforms, complete audit and publication of Financial statements in accordance with both IFRS and US GAAP
• Constantly Re-engineered accounting to ensure efficiency & accuracy while meeting the needs of internal and external users of financial reports. Set up systems to monitor and control research and development costs of various ongoing projects
INDUSTRIE DE NORA S.P.A HEADQUARTERS, MILAN, ITALY 2006 – 2009 Global leader in designing, developing and manufacturing Electrolyzers and Enigneering Procurement and Contractors for the chlor-alkali Plants and manufacturers of electro chemical systems. Holding company of Gruppo De Nora with a turnover of $ 750 M MANAGER – GROUP ACCOUNTING & REPORTING
• Project Leader for first time adoption of IFRS for entire group with presence in 10 countries.
• Designed IFRS Financial reporting package integrating with managerial reporting system and authored Group Accounting Manual based on IAS concepts.
Jambunath G.H.M (Jammy)
P A G E 3 O F 3
• Successfully designed and implemented Web based IBM Business Intelligence leading as a Project Head.
• Responsible for standardized reporting and implementing centralized Group fixed assets management system.
DE NORA INDIA LTD, GOA. INDIA 1998 - 2006
Indian Leader in designing, developing and manufacturing anodes and cathodes for the chlor-alkali Industry and manufacturers of electro chemical systems EXECUTIVE VICE PRESIDENT, FINANCE & ACCOUNTS
• Turned around the group’s Indian subsidiary (INR 120m revenues with a cash loss to INR 500m revenues, INR 15m profit) listed on National Stock Exchange, India, through better internal controls, cost reduction schemes, improvised working capital management and by reducing inventory holdings and receivables.
• Formulated Business Strategy and Pricing Policy for all the business segments along with the team designated by the Board of Directors.
• Involved in major Commercial Contracts Negotiation and formulated Transfer Pricing policy for inter- group company transactions.
FINOLEX ESSEX INDUSTRIES LTD., GOA. INDIA 1996 - 1998 Manufacturers of continuous cast copper rods.
SENIOR MANAGER, FINANCE & ACCOUNTS
• Successfully negotiated and raised long term and working capital funds from financial institutions
• Implemented Financial Controls and internal control systems and was in charge of Accounting and Finance function and was involved in the start-up of the American Subsidiary WESTERN INDIA SHIPYARD LTD (NOW ABG SHIPYARD) GOA. INDIA 1995 - 1996 Ship building and dry dock facility for Ship repairs MANAGER, FINANCE & ACCOUNTS
• Managed financial operations of India’s largest composite Ship Repair Company including designing the costing system and internal controls and was majorly involved in the IPO.
• Negotiated borrowings from public financial institutions for cost overrun. AJAX FIORI ENGINEERING, BANGALORE. INDIA 1989 - 1995 Manufacturers of equipments for construction industry and special purpose machines. MANAGER - ACCOUNTS
• Team Lead in negotiating collaboration with Italian construction Equipment Company resulting in a New Joint Venture Company. Was also in charge of pricing the equipment and spare parts for the products.
• In charge of Finance and Accounts of the 3 companies of the group having diverse interest in Construction Equipments, Special Purpose Machines for Defense Sector and captive power generation units. KB NAMBIAR & ASSOCIATES (CHARTERED ACCOUNTANTS) BANGALORE. INDIA 1984 - 1989 Chartered Accountants firm specializing in Audits, reorganization and M&A Consulting. Prerequisite for CPA – Mandatory 3 years of Audit requirement to appear for CPA exams in India
• Involved in conducting Statutory and Internal Audits of companies across Consumer Goods, Soft Drinks, Textiles, Steel, Electronics, Auto, Banking, Insurance, Hotels and Non profit Organizations CA (Certified Public Accountant) Member of Institute of Chartered Accountants of India. Membership Number – 100040
Bachelors with Distinction in Accounting, Commerce and Business Management