Ken Kremsky

Highly experienced at financial work, Ken Kremsky worked to manage all accounting personnel and maintained all accounting and financial reporting systems. He developed direct labor standards which resulted in crewing reductions and cost savings of $400k annually. He participated in Oreo and premium networks team which led them to save of $3mm annually, mainly through the 'One Cookie Out' initiative and the Premium oil reduction project.   He also assisted in development, analysis and presentation of the annual operating budget (AOP) for headquarters . From 1996-1999, Ken Kremsky served as an assistant controller at Interstate Brands Corporation. In 1999, he started serving as manager of cost accounting at Kraft Nabisco Inc where he worked until 2005. Later, Ken Kremsky started working as controller at Kraft Food Inc in 2005. From 2012, Ken worked as a Senior Manager of Finance and Strategic Projects at Mondelez International. Here, he worked until 2017.  . Worki...

With more than 22 years of experience in corporate and field manufacturing, Kenneth Kremsky is focused on helping organizations to reduce their costs and improve productivity.   It helps the manufacturing companies produce their products at the lowest possible cost by reviewing the existing platform and developing strategies that will enable them to realize its core product growth potential and ultimately increase margins.  Possessing an extensive expertise as a manager of cost accounting at Kraft Nabisco Inc, Kenneth Kremsky provided the financial support and cost analysis for the plant management. He managed all the accounting personnel and maintained all accounting and financial reporting systems. He also participated on several productivity teams that identified and implemented cost savings throughout the Nabisco network. From 2005 till 2012, Kenneth Kremsky served as the controller at Kraft Foods Group. He managed all accounting activities for the facility,...

Highly amenable to adapt swiftly, a strategic financial executive recognizes disruption, increases the risk management capabilities, and thinks strategically. Indeed, it brings together the financial management and strategic management and provides the financial criterion for all the management decision-makings.  Being a strategic Finance Executive with over 22 years of corporate and field manufacturing experience, Ken Kremsky emphasizes helping organizations to reduce costs and realize greater productivity. Besides this, he is a certified Lean Six Sigma Blackbelt that has enabled him to help the organizations streamline and focus on the areas of improvement.  Professional experience of Ken Kremsky Assistant Controller from March 1996 to August 1999 Starting his career from Interstate Brands Corporation, Philadelphia, Ken Kremsky completed raw and packaging material optimization analysis, thus making a saving of $1.4 million annually. He prepared the mon...

What Is Financial Reporting? Financial reporting is the revelation of financial results and linked information to management and external stakeholders (e.g., investors, clientele, and controller) about how a company is performing over a specific period of time.  Financial reports are usually issued on a quarterly and annual basis and include the following: Balance Sheet or Statement of Financial Position – reports on a company’s assets, liabilities, and owners’ equity at a given point in time, usually the end of a fiscal quarter or year. Income Statement or Profit and Loss Report – reports on a company’s profits, operating expense, and earnings over a period of time, such as an economic quarter or year. This includes sales and the various expenses incurred during the stated period. Statement of Changes in Equity or Statement of Retained Earnings – reports on the changes in equity of the company during the confirmed period, such as an economic year or quarter. ...

Financial planning and analysis is the planning, estimating and systematic procedures that help an association's budgetary wellbeing and business methodology. The FP&A discipline consolidates top to bottom examination of both operational and money related information to help adjust business procedures and techniques with monetary objectives, and to assess advance toward those objectives. It depends vigorously on factual investigation to quantify and design business tasks and estimate their money related effect, considering inward factors yet in addition more extensive statistic and financial patterns, just as abstract, subjective assessment.  Responsibilities of Financial Planning and Analysis Professional:  Monitoring working capital and income Monitors other well known measures of monetary wellbeing, for example, the obligation to-value proportion. They break down the monetary effect of specific activities, for example, the product...