SAP ERP
Sumant Mahajan
Chartered Accountant
Amritsar
Summary
Dynamic finance professional with proven expertise in financial reporting, balance sheet review, and SAP ERP, honed at JSW Steel Limited and Bunge India Private Limited. Excelled in fostering teamwork and leveraging interpersonal skills to achieve professional goals. Demonstrates a robust problem-solving ability, ensuring over 25% efficiency improvement in financial processes.
Overview
3
3
years of professional experience
Work History
ASSOCIATE TEAM LEAD - Record to Report
BUNGE INDIA PRIVATE LIMITED
MOHALI
09.2023 - Current
- To finalize Trading and Mark to Market profits in SAP ERP and in One stream on monthly basis and to reduce the gaps lower than 5% of total volumes
- Finding the gap between Mark to Market profits and actual profits when contracts are executed using standard costing methods and formulas
- Reduced accounts closing times with 25% by identifying bottlenecks and implementing effective time management strategies.
- To clear open accruals and to write off the outstanding accruals pending more than 6 months.
- To prepare Variance analysis report to compare the Trading and Balance sheet numbers with previous year on monthly basis.
- To prepare operating working capital report on monthly basis.
- .To review General Ledgers and post new entries, if required, with approval
Assistant Manager - Finance & Accounts
JSW STEEL LIMITED
NAVI MUMBAI
01.2022 - 09.2023
- Preparation of financial statements of Amba River Coke Limited (Subsidiary of JSW Steel Limited) in accordance with IND-AS and other regulatory requirements on quarterly and yearly basis.
- Preparation of stock statements for credit taken from banks on monthly basis.
- Discussed indirect tax issues resulting prospective savings of approximately Rs.10 lacs to company.
- Assisted in successful completion of audits, ensuring full compliance with regulatory requirements.
- Strengthened internal controls by conducting thorough risk assessments.
- Reduced outstanding accounts receivable balances through diligent follow-up on overdue payments.
- Preparation of board reports including analyzing to be discussed in board meeting of company by CFO.
- Variance analysis with expected business results on quarterly basis.
Education
Chartered Accountancy - Corporate Accountancy, Auditing And Taxation
Institute of Chartered Accountants of India
New Delhi 04.2001 -
Bachelor of Commerce - Accounting
INDIRA GANDHI NATIONAL OPEN UNIVERSITY
AMRITSAR 04.2001 -
HIGHER SECONDARY - COMMERCE
DAV SENIOR SECONDARY SCHOOL
AMRITSAR 04.2001 -
Skills
Financial Reporting
Balance Sheet Review
Account Reconciliation
General Ledgers
Accounts Receivable
Standard Costing
Reporting
Business Information
Management Accounting
Problem Solving
Fund Accounting
Interpersonal Skills
Team Work
Software
MS OFFICE
TALLY ERP
ONE STREAM
Languages
Punjabi
Upper intermediate (B2)
Hindi
Upper intermediate (B2)
English
Upper intermediate (B2)
Hobbies
As a professional, I continuously update myself with share market news, changes in accounting standards and different reporting frameworks in the global changing environment.
Timeline
ASSOCIATE TEAM LEAD - Record to Report
BUNGE INDIA PRIVATE LIMITED
09.2023 - Current
Assistant Manager - Finance & Accounts
JSW STEEL LIMITED
01.2022 - 09.2023
Chartered Accountancy - Corporate Accountancy, Auditing And Taxation
Institute of Chartered Accountants of India
04.2001 -
Bachelor of Commerce - Accounting
INDIRA GANDHI NATIONAL OPEN UNIVERSITY
04.2001 -
HIGHER SECONDARY - COMMERCE
DAV SENIOR SECONDARY SCHOOL
04.2001 -
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