Sumit Khanna
Chartered Accountant
Delhi
Summary
Designated Chartered Accountant with 09 years of rich experience in Financial Analysis and Accounting. Played a crucial role in month-end process focusing on Management reporting, result analysis and providing insightful commentary. Ensure all decision making is data based using Complex Strategic Financial and Situational Analysis. Develop and implement financial process and streamline operations through Process Controls. Has strong experience in leading a team size of 4-5 members.
Overview
13
13
years of professional experience
Work History
Team Associate/Assistant Team Lead
VFISLK Global Services private limited
Bengaluru
09.2021 - Current
- Prepare timely and accurate Bank and P&L/Balance sheet account reconciliations
- Performing general ledger and cash book accounting, month/quarter end closings and related reporting for USA based company
- Preparing of Amortization schedules & their Journal entries
- Preparation & data input of 10Q/10K for reporting to stakeholders
- Handling Treasury functions including reviewing invoices and processing of payments
- Preparation of Debt Schedule, Receivable schedule, loan summary on basis of intercompany transactions
- Analyzing actuals v/s budgets and identifying reasons for variances every month
- Assist with regulatory filings and submissions
- Providing data to auditors for selected samples and responding to follow up requests
- Prepare and deliver any other ad hoc management reports/ requests
- Assisting in preparing company's monthly financial statements and consolidations
- Performing variance analysis of key balance sheet accounts and Profit and Loss at product level and company level by analyzing key drivers using various dashboards
- Preparing Income statement, Statement of Financial Position, notes and schedules for financial reporting purposes
- Maintaining and handling documentation for financial audits.
- Boosted employee morale through recognition programs that rewarded outstanding individual contributions to organizational success
- Coordinated training sessions for new team members, ensuring seamless integration into existing workforce structure
- Coordinated training sessions for new team members, ensuring seamless integration into existing workforce structure.
- Boosted employee morale through recognition programs that rewarded outstanding individual contributions to organizational success.
Management Trainee
Genpact India Private Ltd
01.2020 - 09.2021
- Preparation & data input of 10Q/10K for reporting to stakeholders
- Handling Treasury functions including reviewing invoices and processing of payments
- Preparation of Debt Schedule, Receivable schedule, loan summary on basis of intercompany transactions
- Analyzing actuals v/s budgets and identifying reasons for variances every month
- Assist with regulatory filings and submissions
Financial Analyst
Ingenyria Projects Private Ltd
12.2018 - 10.2019
- Examining and reviewing financial records including books of accounts, ledgers, bank statements etc
- To ensure they are not materially misstated and conform to the Generally Accepted Accounting Principles (GAAP)
- Performed variance analysis of key balance sheet accounts and Profit and Loss item
- Reviewed accounting vouchers, scrutinized ledgers, understand revenue streams
- Checked fixed asset accounting including identifying and accounting for fixed assets, preparing and maintaining depreciation, and right of use asset schedule
- Preparing of the company's financial statements on a monthly, quarterly and annual basis
- Analyzing accounts and preparing analytical reports like area-wise sales report, variance analysis, balance sheet, P&L, cash flow, ad hoc reports etc
- For evaluating the performance of the company
- Preparing journal entries and accounts reconciliation for month-end process
- Budgeting and reviewing actuals v/s budgets and identifying reasons for variances at month end
- Ensuring completion of Statutory Audits and consolidations within deadlines set by Group
- Preparing the detailed reports on audit findings and ensuring controls over financial & non-financial processes at the Head Office and branches.
Audit Associate - Audit & Assurance
Kumar Mittal & Co. Chartered Accountants
11.2017 - 11.2018
- Examining and reviewing financial records including books of accounts, ledgers, bank statements etc
- To ensure they are not materially misstated and conform to the Generally Accepted Accounting Principles (GAAP)
- Planning the audit engagement, establishing an audit plan with timelines and allocating work areas to sub-ordinates; and supervise and monitor sub-ordinates across different client engagements and provide on the job training to articling students
- Conducting the field audit and performing analytical review of key balance sheet accounts (i.e
- Receivables, inventories, payables, PPE, borrowings etc.) and Profit and Loss items (i.e
- Revenue, employee cost and expenses)
- Understanding the client's business processes and commenting the adequacy of internal financial controls established by the management by testing the design and operating effectiveness of the mitigating controls to the risks identified.
Audit Assistant - Audit & Assurance
GR Bansal & Co
07.2012 - 09.2014
- Preparation of Balance sheet, Cash flow statement, Profit & loss account
- Books writing of company/firms
- Co-ordination with the Entity Auditor to resolve the audit queries
- GST returns filing, annual return preparation, GST credit mismatch statement preparation
- Basic forms filing of ROC compliance.
Audit Assistant - Audit & Assurance
SRP & Co
09.2011 - 06.2012
- Reviewed accounting vouchers, scrutinized ledgers, understand revenue streams and review inventory valuation
- Finalized accounts, draft audit reports and file tax returns, drafted and filed tax audit returns, assisted in tax hearings and scrutiny assessments.
- Assessed financial statements and records
- Supported completion of high-quality audits with diligent documentation and attention to detail
Education
Chartered Accountant (CA) - undefined
Institute of Chartered Accountants of India
Bachelor of commerce (B.Com) - undefined
University of Delhi
Skills
Journal Entries postingundefined
Accomplishments
- Closely worked with the Oracle team during testing & implementation phase, where they rolled out old software Peoplesoft & launched Oracle which is more advanced in nature. Type of work done includes helping them in build up of different queries for data pull out as per client requirement, testing of journal uploads, finding errors or coding issues in aligning that with old software data.
- Worked on SOP preparation/updation as well.
Technologies Used
- Oracle
- FCCS
- Wings
- Peoplesoft
- Quantum
- W-desk
- Kyriba
- Blackline
- Hyperion/HFM
- Tally
Timeline
Team Associate/Assistant Team Lead
VFISLK Global Services private limited
09.2021 - Current
Management Trainee
Genpact India Private Ltd
01.2020 - 09.2021
Financial Analyst
Ingenyria Projects Private Ltd
12.2018 - 10.2019
Audit Associate - Audit & Assurance
Kumar Mittal & Co. Chartered Accountants
11.2017 - 11.2018
Audit Assistant - Audit & Assurance
GR Bansal & Co
07.2012 - 09.2014
Audit Assistant - Audit & Assurance
SRP & Co
09.2011 - 06.2012
Chartered Accountant (CA) - undefined
Institute of Chartered Accountants of India
Bachelor of commerce (B.Com) - undefined
University of Delhi
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