Sumant Mahajan
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
4
4
years of professional experience
Work History
TEAM LEAD
BUNGE INDIA PRIVATE LIMITED
Mohali, PB
06.2025 - Current
- Closing of the monthly and quarterly books independently
- Assisting in build up and implementation of Alteryx (a tool that generate the automated MTM reports) resulting in reducing the MTM checks time materially.
- Trained new team members by relaying information on company procedures and safety requirements.
- Evaluated employee skills and knowledge regularly, training, and mentoring individuals with lagging skills.
- Coached team members in techniques necessary to complete job tasks.
ASSOCIATE TEAM LEAD - Record to Report
BUNGE INDIA PRIVATE LIMITED
Mohali
09.2023 - 06.2025
- 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 Delhi02-2021
Bachelor of Commerce - Accounting
INDIRA GANDHI NATIONAL OPEN UNIVERSITY
AMRITSAR12-2016
HIGHER SECONDARY - COMMERCE
DAV SENIOR SECONDARY SCHOOL
AMRITSAR03-2013
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
- SAP ERP
- MS OFFICE
- TALLY ERP
- ONE STREAM
Languages
Punjabi
Hindi
English
Hobbies and Interests
Continuously update myself with share market news, changes in accounting standards and different reporting frameworks in the global changing environment.
Timeline
TEAM LEAD
BUNGE INDIA PRIVATE LIMITED
06.2025 - Current
ASSOCIATE TEAM LEAD - Record to Report
BUNGE INDIA PRIVATE LIMITED
09.2023 - 06.2025
Assistant Manager - Finance & Accounts
JSW STEEL LIMITED
01.2022 - 09.2023
Chartered Accountancy - Corporate Accountancy, Auditing And Taxation
Institute of Chartered Accountants of India
Bachelor of Commerce - Accounting
INDIRA GANDHI NATIONAL OPEN UNIVERSITY
HIGHER SECONDARY - COMMERCE
DAV SENIOR SECONDARY SCHOOL