Nitin Sharma
Managing Director at Applied Materials
Nitin Sharma
Managing Director at Applied Materials
San Francisco Bay Area
Overview
Work Experience
Managing Director, Corporate Planning
2023 - Current
Sr. Director
2021 - 2023
Director, Head of Global FP&A
2019 - 2021
Lead financial planning and analysis activities for the company. Provide meaningful insights into company’s financial performance to the top management. Define the parameters and boundary conditions for near-term and long-term financial goals. Partner with Investor Relations, Corporate Strategy, segment CFOs and Treasury to map out the financial drivers, and impact of decisions to the financial performance. Help come up with right messaging and guidance for CFO earnings call and other investor events.
Financial Controller, CVD Business Unit
2018 - 2019
Business Controller for the largest semiconductor products unit within the firm. Responsible for owning all aspects of business unit financials reporting – Revenue, COGS, Opex, Balance Sheet, Corporate finance deliverables, close and Audit support cycles. Ongoing participation in BU product investment reviews, and influencing the group to make right investment decisions in close collaboration with BU management.
Director of Finance
2017 - 2018
Lead the FP&A activities, supporting multiple Business Units for the largest sub-segment of Semiconductor products group. Ownership over managing Corporate finance cycles, analysis of BU and product financial performance, communication of key deliverables to BU controllers and preparation and delivery of the financial performance results to Corp Controller and CFO. Close partnership with BU General Managers, Marketing & Sales management and Engineering to convey the impact of new product investments, market / competitive landscape changes to sub-segment financial performance, both near term and long term.
Sr. Finance Manager
2013 - 2016
Provide finance leadership and support to CMP Business Unit. Responsibilities included management of financial planning & forecasting cycles, revenue recognition, gross margin and opex analysis, balance sheet reviews, coordination of fiscal close activities, participation in systems/reporting enhancement initiatives, and facilitation of investment allocation decisions. Strong cost accounting focus with regular review of material, period, burden and variances on new and established products for the BU, inventory valuation, and monitoring of progress on cost reduction initiatives vs. profitability targets.
Financial Operations Controller
2010 - 2012
Managed planning, operational execution and reporting of company’s financial results at the world’s leading security screening and threat detection technology firm. Responsible for all major financial planning activities, from Revenue, Cost of Goods, Operating Expenses, Inventory, Capital Budgets, to tracking & reporting financial results on a continuous basis. • Revenue and Cost forecasts by product line for all divisions • Sales & Operation planning – Inventory and Raw Material purchases, Product Line Inventory Management and Reporting • Fiscal close responsibilities – Inventory Reserves, Revenue & COGS recon, Operating Expense Analysis, Revenue Accruals, Audit support • Standard Cost management, Interco transfer prices setup • Financial systems improvements – Reporting Enhancements, Costing method conversion to FIFO environment
Sales Finance Manager
2008 - 2009
Managed a global team of 4 that assisted in revenue reporting & recognition tasks that provided support to Sales organization at a company which is the world leader in advanced power management technology. • Revenue, margin analysis for 5 business units, POS reporting. Sales productivity and Rep commissions review • Maintained the returns & allowances forecasting, accrual models and assisted in the preparation of corresponding accounting entries during fiscal close. Reviewed customer contracts, customer setup within the financial systems. • Ensured compliance with company policies and standard accounting guidelines based on EITF 00-21 & SAB 104
Sr. Financial Analyst
2006 - 2008
Supported budgeting & forecasting activities and managed several major restructuring and cost reduction initiatives. • Evaluated the effectiveness of company’s R&D activities by analyzing the investments and returns on new products and technologies. Liaised with different functions and business units to guide firm’s R&D investments. • Planned and lead operations accounting close activities, consolidation and financial reporting for world-wide manufacturing locations. Finance lead for several restructuring projects that helped right-size firms R&D operations. • Managed budgeting and forecasting for R&D and Manufacturing Operations groups. Tracked project costs & capital expenses.
MBA
2004 - 2006
Intern
2005 - 2005
Participated in the development of new initiatives to evaluate M&A targets related to pre-merger and post-merger risks. Consulted corporate clients on Risk Management, Sarbanes Oxley and Control Assurance. • Evaluated inherent risk in processes and systems employed by the entertainment and banking clients and provided an assessment of controls around their business processes that could have a material effect on financials.
Sr. Software Engineer
2000 - 2004
Planning and development of a suite of systems management products for the entire array of Sun's computing and storage products.
Education
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