Gaetan Y.

  • Experience

    Philip Morris International
    November-2018 - Present

    Reporting to the VP Finance Central Function, leads and directs a team of five Finance Managers to manage budgeting, rolling forecasts, and actuals cycles for 11 Central functions with $2 billion in operating expenses.
     Designed the blueprint of supporting finance processes to enable operationalization of Project Based Organization, focused on allocating available funds to projects aligned with corporate strategic goals, and that have the highest value potential.
     Optimized Central savings of $200 million, by precisely managing purchased volume, specification, and price across all cost categories, transitioning to a Zero-Based Budget initiative from incremental budgeting and adopting rigorous cost category management.
     Achieved a 10 day reduced cycle time of the budgeting process.

    Philip Morris International
    May-2017 - October-2018

    Led and directed a team of ten finance personnel, driving their performance through implementation of onboarding and training plans to support capacity. Accountable for financial planning, reporting and factory controlling, $45 million manufacturing costs, $30 million operating expenses and 300 employees. Supported strategic development of business through scenario analysis, sensitivity analysis, factory labour costs simulation, and Pro Con analysis. Collaborated with department heads to manage budgeting process. Made persuasive presentations to management. Proposed corrective actions for income statement variance. Reported to Director Finance West Africa.

     Achieved fixed asset register and inventory balance sheet cleaning up and subsequently improving reliability of balance sheet maintenance processes.
     Proactively identified potential and future misstatements, by performing root cause analysis, updating financial closing processes and implementing monthly P&L and balance sheet reviews.
     Recruited six cost accountants, business planning analysts and numerous direct reports.
     Quickly resolved a significant costs issue by performing deep-dive analysis, analyzing multiple cost elements and identifying operational supply chain deficiencies.
     Enabled rapid interdiction of issues and problem avoidance by proposing supply chain financial KPI monthly dashboard monitoring.
     Improved financial forecasts accuracy by redesigning the organizational structure, job roles, and operating models.
     Raised financial reporting accuracy by leading and executing a balance sheet clean-up initiative.

    Philip Morris International
    January-2015 - April-2017

    Co-created the legal entity and built the operating processes of newly created affiliate. Reporting to the Managing Director, led a team of four Budgeting & Accounting Analysts and two Commercial Finance Managers. Prepared selling price structure based on analysis of competitive and market environment. Implemented model for calculation of fully landed costs of products. Prepared 5-years income statement, balance sheet, and cash flow forecasts and coordinated preparation of monthly financials.
    Designed end-to-end processes for financial planning, payroll, importation process from SEN to NGA, financial reporting, local procurement and disbursement. Managed regulatory compliance, product registration, import license, direct and indirect tax, FCPA, and advertising regulation. Trained the organization on best practices.

     Recruited and trained a new team of six finance personnel, establishing the local finance department. Implemented processes for financial reporting and budgeting.
     Implemented SAP and migrated transactional activities to the Shared Service Centre.
     Prepared memo supporting $100 million equity injection and secured approval by CFO.
     Received the PMI Excellence Award in 2016 in recognition of the contribution to the NGA market entry project.


    Finance and Economics
    ESSEC Business School
    August-2004 - August-2005