Polina Ermakova

Mandate:  Full finance leadership for legal entity and product lines (Membranes); oversight of Production, R&D, Engineering, Supply, Marketing & Sales.

Impact Highlights: 

• Delivered 20% YoY growth in Production and Engineered Solutions project business

• Co-led 5-year strategic planning, including new factory construction, product line expansion, new market and customer development

• Drove offshoring and digitalization of core finance functions; implemented automation initiatives to improve efficiency and control

• Led full-cycle implementation of Microsoft D365 across functions and geographies

Mandate: Strategic finance support for M&A, regional operations, and transformation projects across global business units.

Achievements:

• Co-designed and implemented a global unified planning tool, enhancing transparency and financial accountability

• Played a key finance role in the restructuring of a $1B+ business unit (25,000+ FTEs), aligning financials with new organizational design

• Developed and rolled out a global SG&A allocation model to support the company’s integrator strategy and internal cost visibility

Mandate: Partnered with BU leadership on operations, logistics, real estate, and maintenance. Oversaw controlling, budgeting, and KPI reporting.

Key Contributions:

• Designed and implemented a standardized forecasting model across global functions.

• Automated core accounting and controlling processes, improving accuracy and reducing cycle time.

• Improved production KPIs, achieving “green” performance after a 7-year lag.

• Enhanced forecast accuracy by 20%, influencing investment and strategic decisions.

Finance Director
Alfa Laval, Moscow, RU

Production and Warehouse, Performance analysis, Production KPIs, Budgeting, Forecasting in standard costing, activity-based allocations, Leading the team of 5 people, Internal audit of AL companies

Mandate: Full FP&A ownership for 10 subsidiaries (700 employees); led finance team of 15.

Highlights:

• Built an end-to-end reporting and control system, including budgeting frameworks, KPIs, and forecasting tools.

• Established transfer pricing policies and managed tax planning across subsidiaries.

• Raised financing from banks and credit institutions; supported 3 startup launches.

Scope: Oversight of 4 shipping companies (300 vessels, €0.5B turnover, 3,000+ FTEs); dual role as Finance Director of JSC Western Shipping Company.

Achievements:

• Implemented group-wide budgeting and controlling standards; introduced unified KPIs and performance dashboards.

• Led financial restructuring and tax optimization across fleet operations.

• Developed and managed a new MIS platform for cost control and debtor analysis.

• Drove planning, performance management, and strategic cost reviews.

Graduated Top 10% | Published in peer-reviewed journals