Sumit Kumar
Shahdara
Summary
Dynamic finance professional with extensive experience at Thyrocare Technologies Limited, excelling in AR processes and automation. Proven track record in enhancing DSO and driving financial transparency through MIS reporting. Skilled in financial analysis and team leadership, delivering strategic insights that support business growth and operational efficiency.
Overview
14
14
years of professional experience
Work History
Deputy Manager - Finance
Thyrocare Technologies Limited
01.2024 - Current
- Lead the end-to-end Accounts Receivable (AR) process including invoicing, payment tracking, and reconciliation across B2B/B2C clients.
- Supervised a team of 6 members, ensuring timely collections and resolution of outstanding invoices.
- Improved DSO through proactive follow-ups and implementation of structured collection strategy.
- Implemented debtor ageing tracker and weekly review mechanism, resulting in improved visibility and faster decision-making.
- Collaborated with business and legal teams to mitigate credit risk by ensuring appropriate documentation and credit limit adherence.
- Ensured timely and accurate revenue recognition and accounting.
- Played a key role in internal and statutory audit by providing reconciliations, debtor confirmations, and audit schedules.
- Automated AR reports and dashboards using Excel to enhance visibility for management review.
- Handled reconciliation of customer ledgers, advances, and tender deposits, ensuring balance accuracy and resolution of mismatches.
- Supported cross-functional teams during mergers/integrations to align AR processes and data migration.
Assistant Manager - Finance
API Holdings Limited
07.2021 - 03.2024
- Company Overview: Pharmeasy Diagnostic Division (PharmEasy Labs)
- Spearheading monthly financial closures with precise validation of provisions, prepaids, and expenses.
- Driving efficient inventory accounting, analyzing consumption trends, and aligning with revenue metrics.
- Monitoring AP/AR ageing to mitigate credit risks and ensure timely reconciliations.
- Developed detailed MIS reports at BU and segment levels, coupled with actionable variance analysis.
- Delivering strategic insights through weekly forecasts, gross margin analysis, and cost management.
- Implementing automated trackers to streamline closure processes and enhance efficiency.
- Partnering with management to achieve EBITDA breakeven and track location-wise cost performance.
- Pharmeasy Diagnostic Division (PharmEasy Labs)
Senior Executive- Finance & Accounts
Medtrail Technologies Pvt Ltd
01.2021 - 07.2021
- Managed end-to-end processes for Payables & Receivables, including vendor payments, doctor-wise payment settlements, and ledger reconciliation to ensure accuracy and compliance.
- Reconciled vendor statements and resolved payment discrepancies, including handling credit notes for purchase returns of expired and non-moving medicine.
- Prepared dashboards and reports, including daily collection status and revenue tracking, to support management decisions and maintain financial transparency.
- Ensured compliance with Internal Audit and RBI regulations, managing the NODAL account and maintaining T+2 routines for timely and compliant banking operations.
Senior Consultant -Finance
Tamarind Global Services Limited
03.2017 - 01.2021
- Oversaw accounts for universities and education clients across Melbourne and Perth, ensuring timely reconciliations and closures while maintaining client satisfaction.
- Handled defaulter management with timely reporting and collaborated with senior management on recovery strategies, achieving consistent results in reducing overdue payments.
- Ensured accurate and timely processing of invoices, GST return filing (GSTR-1, GSTR-3B), and input GST reconciliation, contributing to operational efficiency and compliance.
- Prepared profit analysis reports, internal audit responses, and customized management reports, providing actionable insights for effective decision-making.
Executive Finance
Sky Gourmet Catering Pvt Ltd
10.2015 - 03.2017
Executive Finance
Paras and Company
12.2013 - 10.2015
Executive Finance
Manoj Electronics
03.2011 - 12.2013
Education
B. Com -
University of Delhi
01.2014
Senior Secondary -
CBSE Board
01.2010
Skills
- MIS Reporting
- Financial Planning & Analysis
- Financial Reporting
- Costing/ Expenses Validation
- Budgeting
- Business Planning
- Variance Analysis
- AR (R2R <> O2C)
- AP (P2P)
- Automation
- Streamlining Processes
- Controls
Languages
- English
- Hindi
Personal Information
- Date of Birth: 06/06/93
- Marital Status: Married
Past Employers
- Sky Gourmet Catering Pvt Ltd, Executive Finance, 10/15/15, 03/16/17
- Paras and Company, Executive Finance, 12/01/13, 10/01/15
- Manoj Electronics, Executive Finance, 03/01/11, 12/01/13
Timeline
Deputy Manager - Finance
Thyrocare Technologies Limited
01.2024 - Current
Assistant Manager - Finance
API Holdings Limited
07.2021 - 03.2024
Senior Executive- Finance & Accounts
Medtrail Technologies Pvt Ltd
01.2021 - 07.2021
Senior Consultant -Finance
Tamarind Global Services Limited
03.2017 - 01.2021
Executive Finance
Sky Gourmet Catering Pvt Ltd
10.2015 - 03.2017
Executive Finance
Paras and Company
12.2013 - 10.2015
Executive Finance
Manoj Electronics
03.2011 - 12.2013
B. Com -
University of Delhi
Senior Secondary -
CBSE Board
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