Sabita Maity
Kolkata
Summary
Dynamic finance professional with extensive experience at HSBC, excelling in financial governance and resource planning. Proven track record in managing cash flow and leading cross-functional projects. Proficient in SAP and skilled in analytical problem-solving, recognized as a Star Performer for impactful contributions to global financial operations.
Overview
14
14
years of professional experience
Work History
AVP
HSBC Electronic Data Processing (I) Pvt. Ltd
Bangalore
12.2022 - Current
- Serve as Controller within the Business Finance Team for Global Investment Research, overseeing financial operations and governance.
- Lead the inter-company Financial Resource Planning (FRP), budgeting, and forecasting processes.
- Prepare and advise on inter-company provisions for 20+ global sites, ensuring accuracy and compliance.
- Managed and monitored cash flow for research activities to enhance financial planning.
- Oversee the half-yearly true-up process and coordinate the issuance of inter-company invoices to 20+ sites worldwide.
- Compiled and analyzed ageing reports for recharges and recoveries, delivering actionable insights for improved financial management.
- Led Research MIGSA project, collaborating with Legal and Compliance teams to finalize Research MIGSA agreement, incorporating latest IGSS clauses and completing signing process for over 20 global sites within six months.
- Earned Star Performer recognition for contributions to key activities.
Senior Professional Finance
DXC Technology India Pvt Ltd.
Bangalore
07.2020 - 11.2022
- Collaborated with the Controllership team to specialize in payables and accruals for an IT organization.
- Consolidation of Balance Sheet Flash packs for corporate reporting.
- Conducting high-value transaction, purchase order, and invoice analyses.
- In-depth review of open Sales and Use tax line items.
- Preparation and review of Balance Sheet reconciliations using the Cadency tool.
- Comprehensive analysis and ongoing follow-up of aged GRIR items.
- Completed accounts payable analysis, identifying and resolving advance payments to vendors not cleared against invoices for over two years.
- Executed GRIR analysis, clearing longstanding GRIR items and improving accuracy of financial records.
- Delivered deferred cost analysis project, providing insights for better cost management.
- Received quarterly Champ recognition for exceptional contributions to team projects.
Team Leader
Timken Engineering & Research India Pvt. Ltd.
Bangalore
04.2017 - 06.2020
- Led the General Ledger Reconciliation team within a manufacturing organization.
- Oversaw and reviewed daily and monthly activities of team members across multiple entities.
- Validated balance sheet figures using the BlackLine tool.
- Managed month-end processes, including HFM promotion, segmentation, and unit reporting.
- Conducted monthly reconciliations: SAP to BlackLine, BlackLine to HFM, and SAP to HFM.
- Posted operating lease adjustments per IFRS 16, payroll adjustments, deferred tax calculations, revenue recognition, and provisions for doubtful debts, ensuring compliance and accuracy.
- Supported internal and external auditors in finalizing accounts under US GAAP and preparing tax returns.
- Delivered Lean project on payroll tax lines, implementing process improvements that streamlined workflows and reduced potential errors.
- Stabilized and re-engineered accounting processes for remote transitions across Canada, Europe, Italy, Korea, and Australia, enhancing consistency and reliability.
- Provided ongoing feedback and conducted appraisals to enhance team performance.
Associate Manager
HCL
Chennai
09.2015 - 03.2017
- Manage lease accounting, fixed asset accounting, and intercompany transactions.
- Prepare lease schedules for new agreements, including rent-free periods and rent spreading.
- Create and review reinstatement assets and liabilities, ensuring quarterly validation.
- Calculate and report on onerous lease provisions.
- Perform monthly reconciliation and validation of balances using the BCS tool.
- Prepare monthly AUC balances for capitalization.
- Oversee intercompany cost transfers, quarterly invoicing for outstanding balances, and payment settlements.
- Supported the preparation and review of monthly balance sheets, profit and loss statements, and variance analysis.
- Resolved vendor-related issues for FP&A, addressing outstanding balances and conducting ageing analysis.
- Analyzed monthly accruals, prepayments, accrued income, and deferred income for accuracy and compliance.
- Support external auditors in finalizing accounts in accordance with UK GAAP and assist with tax return filings.
- Prepare quarterly reports on fixed asset verification, capital commitments, provision movements, and finance papers for board meetings.
- Deliver annual profit and loss analysis, fixed asset schedules, and going concern reviews for board presentations.
- Led initiatives to stabilize and re-engineer accounting processes, enhancing overall operational efficiency.
- Acted as a cost accounting team member within a banking environment.
Assistant Manager
Genpact
Kolkata
03.2013 - 08.2015
- Achieved promotion from Management Trainee to Assistant Manager within 17 months, reflecting strong performance.
- Earned recognition and rewards for streamlining team processes and enhancing overall efficiency.
- Managed end-to-end project activities, including initiation, implementation, and closure.
- Collaborated with regional project teams to assess project status reports and identify improvement areas.
- Prepared monthly cash flow statement reconciliations.
- Supported the preparation and review of balance sheet, profit & loss, and cash flow statements, including variance analysis.
- Delivered capital overhead support to project teams using the LCTS tool.
- Assisted cross-functional teams and resolved accounts payable and vendor-related issues.
- Prepared monthly accruals for capital and operational expenses.
- Maintained financial records in compliance with US GAAP/IFRS and managed tax return filings.
- Provided financial insights through specialized reports, including PSR and cash flow statements, facilitating informed decision-making.
- Oversaw lease accounting, including the management of abandoned leases.
Office Assistant
M/S Udayan Chattopadhyay
Kolkata
06.2012 - 12.2012
Education
Diploma - IFRS
ACCA
01.2018
Chartered Accountant -
Kolkata01.2011
B.Com. (Hons) -
Sivanath Sastri College
Kolkata01.2006
12th -
Sir Romesh Mitter High School
Kolkata01.2003
10th -
Beltala Girls' High School
Kolkata01.2001
Skills
- SAP
- ERP
- Tally
- Excel
- Word
- PowerPoint
- MS Office
- Windows
- ACE
Training
- Customer Focus, 2014
- Creating Effective Presentations, 2014
- Stepping-up to Management, 2014
- Leading & Motivating, 2014
- Lean & GB Trained & Tested (Quality Tools), 2013, 2014, 2019
- Managing for Success certification course from Harvard University, 2019
Personal Information
Date of Birth: 11/16/84
Languages
- Hindi
- Bengali
- English
- Hindi
- Bengali
Timeline
AVP
HSBC Electronic Data Processing (I) Pvt. Ltd
12.2022 - Current
Senior Professional Finance
DXC Technology India Pvt Ltd.
07.2020 - 11.2022
Team Leader
Timken Engineering & Research India Pvt. Ltd.
04.2017 - 06.2020
Associate Manager
HCL
09.2015 - 03.2017
Assistant Manager
Genpact
03.2013 - 08.2015
Office Assistant
M/S Udayan Chattopadhyay
06.2012 - 12.2012
Diploma - IFRS
ACCA
Chartered Accountant -
B.Com. (Hons) -
Sivanath Sastri College
12th -
Sir Romesh Mitter High School
10th -
Beltala Girls' High School