Sumit Karn
Bangalore
Summary
Dynamic finance professional with a strong track record at Adecco India, Trane Technology, Capgemini, TCS, and Genpact, recognized for leadership in automation and compliance monitoring. Successfully spearheaded transitions that enhanced month-end closing efficiency, showcasing expertise in fixed asset management, and budgeting. Committed to fostering teamwork and collaboration to drive results in fast-paced environments.
Overview
9
9
years of professional experience
Work History
Sr. R2R Process Lead-Finance
Adecco India
Bangalore
02.2024 - Current
- As a Sr. R2R Process lead of the GL Team, leading a team of five members to ensure the proper closure of books before month-end.
- Successfully completed the remote transition and set up the GL NAM team as a part of Shared Services.
- Responsible for managing proper accounting of Canada and U.S. payroll, taxation, and GL accounting.
- Monitoring the proper accounting for payroll, taxation, union, and concur T&E expense accounting for the Canada and US regions.
- Reviewing all the analysis files, such as payroll, fixed assets, commissions, bonuses, etc. Prepared, but the team should be informed and suggested to in case of deviation.
- Maintaining operations in compliance with various SLA parameters. Maintain weekly, bi-weekly, and monthly governance calls with clients based on business and operational requirements.
- Involving oneself in the process of fixing the severance package for the employee leaving the organization, and ensuring the proper accounting for the severance.
- Review the budget, revenue, expenses, payroll entries, and other accounting documents, and research and resolve discrepancies as necessary.
- Involved in preparing month-end, year-end, and quarterly closing. Work on automation, FT analysis, FT management, monthly time, and motion analysis for activities.
- Act as a liaison to internal and external auditors by explaining journal entries and financial transactions, providing research data and information as requested, and answering questions necessary to complete the audit in a timely manner.
- Identify opportunities for process improvement and implement solutions to improve the efficiency and effectiveness of the R2R process.
- Ensuring the team is complying with all the Sox compliance, financial regulations, and internal controls.
Finance Team Lead
Trane Technology
Bangalore
12.2021 - 02.2024
- As a team lead of the General Ledger and Expense Accounting team, I lead a team of six members to ensure the proper closure of books before month-end.
- Successfully completed the remote transition and set up the whole expense accounting team as a part of Shared Services.
- Managing the month-end, quarter-end, and year-end close processes to ensure that deadlines are met.
- Review amortization, prepayment, and accrual entries, and revaluation of fixed assets at the end of each month.
- Review the budget, revenue, expenses, payroll entries, and other accounting documents, and research and resolve discrepancies as necessary.
- Identify opportunities for process improvement, and implement solutions to improve the efficiency and effectiveness of the R2R process.
- Reviewing all the SOPs created by the team on a regular basis, and updating them as needed.
- Reviewing all the reports, analyses, and reconciliations prepared by the team to ensure the accuracy of financial reporting and analysis.
Process Lead
Capgemini India
Bangalore
03.2021 - 12.2021
- As a process lead of FP&A, I am leading a team of four members.
- I have completed a successful reverse transition.
- Preparation of various financial reports for the client, as per client requirements.
- Involving all the operational calls to understand the proper business structure of the client.
Business Process Lead
Tata Consultancy Services
Nagpur
11.2017 - 03.2021
- As a process lead of the General Ledger team, I lead a team of eight members and provide financial accounting support to the finance team, assisting them with the month-end close of the General Ledger.
- Successfully completed two offshore transitions for two different clients.
- Successfully automated month-end activities and reduced the performing time of activities with 100% accuracy.
- Need to ensure all the clearing GLs and subledgers are zero until the end of the month. Any unclear balance should be investigated and reported to higher management.
- Perform validations of the monthly data loads with the Hyperion data. Analyze the variances, and provide corrective actions to the responsible person.
- Monitoring the proper accounting of fixed assets, i.e., creation, disposal, assets reconciliation with depreciation run, and establishing a proper system of controls, procedures, and forms for the recordation of fixed assets.
- Analyzing SLAs and reviewing monthly to present in the MBR (Monthly Business Review) meeting with the client.
- Involved in preparing month-end, year-end, and quarterly closing. Work on automation, FT analysis, FT management, monthly time, and motion analysis for activities.
Process Developer
Genpact India Pvt. Ltd.
Kolkata
01.2016 - 11.2017
- As a Senior Analyst of the General Ledger team, I provide financial accounting support to the finance teams of Spain and Germany on the month-end close of the General Ledger to be able to report financial results in a timely and accurate manner.
- Monthly reconciliation of the bank account for the EMEA and APAC regions must include a report of the differences, along with proper comments, explanations, and timelines.
- Ensured proper accounting of general ledger transactions, and prepared monthly general ledger reconciliations.
- Performing subledger reconciliation, such as accounts payable and accounts receivable reconciliation, along with aging analysis, and reporting it to the stakeholder.
Preparing and updating the standard Operating Procedure for each activity (SOP) on a regular basis. - Preparing and updating the standard Operating Procedure for each activity (SOP) on a regular basis.
- Open item management accounting; we need to ensure all the clearing GLs and subledgers are zero until the end of the month, investigate un-cleared items, and report them to higher management.
Education
Qualified Company Secretary -
Institute of Company Secretaries of India
Kolkata01-2016
MBA - Finace
Pondicherry Unversity DDE
Pondicherry01-2016
Bachelor of Commerce - Accountancy & Finance
Surendra Nath Evening College
Kolkata01-2012
CA - Inter -
Institute of Chartered Accountant of India
Kolkata01-2011
Skills
- Leadership and team management
- Automation opportunities and support
- Fixed Asset Management accounting, Intercompany Accounting
- Budgeting and forecasting
- Lean Six Sigma Methodology
- Closing and Reporting
Accomplishments
- Awarded with Best Team Lead for completing the transition before time and making project live in TCS.
Languages
English
First Language
Hindi
Proficient (C2)
C2
German
Beginner (A1)
A1
Timeline
Sr. R2R Process Lead-Finance
Adecco India
02.2024 - Current
Finance Team Lead
Trane Technology
12.2021 - 02.2024
Process Lead
Capgemini India
03.2021 - 12.2021
Business Process Lead
Tata Consultancy Services
11.2017 - 03.2021
Process Developer
Genpact India Pvt. Ltd.
01.2016 - 11.2017
Qualified Company Secretary -
Institute of Company Secretaries of India
MBA - Finace
Pondicherry Unversity DDE
Bachelor of Commerce - Accountancy & Finance
Surendra Nath Evening College
CA - Inter -
Institute of Chartered Accountant of India
Similar Profiles
Anandhavelu KaliamoorthyAnandhavelu Kaliamoorthy
Senior Software Engineer at Adecco IndiaSenior Software Engineer at Adecco India
Rajeev Krishna C VRajeev Krishna C V
Sr. Recruitment Consultant at Adecco IndiaSr. Recruitment Consultant at Adecco India
Maria Anto Stev Pranov J.KMaria Anto Stev Pranov J.K
HR Intern at Adecco IndiaHR Intern at Adecco India