SUMIT KUMAR
Finance & Accounts
New Delhi
Summary
Detail-oriented Accountant with 8 years effectively maintaining accurate accounting information for large-scale financial organizations. History working as part of financial team to manage diverse financial functions, tax management and reporting. Works closely with executive management on complex mergers and acquisitions and divestitures.
Overview
11
11
years of professional experience
Work History
Accountant
Wood Group
Gurgaon
12.2021 - Current
- Managed and maintained the general ledger for all Singapore entities, ensuring accurate and timely transaction posting and financial statement preparation.
- Ensured 100% compliance with US GAAP, local statutory requirements, and internal controls while managing general ledger (GL) accounting, journal entries, and reconciliations.
- Oversaw cash flow forecasting, monitored bank balances, and ensured sufficient liquidity to support operational needs.
- Delivered flash reports within 48 hours and precise bridge reports, enabling rapid, data-driven decisions by senior management.
- Prepared and posted complex journal vouchers (JVs) including accruals, prepaid expense deferrals, management fee allocations, redenomination, and true-ups.
- Reviewed accounts payable (AP) postings for accuracy, validated supporting documentation, and monitored timely vendor payments to strengthen supplier relationships.
- Conducted variance analysis on bank charges, intercompany transactions, and retained earnings to identify and resolve anomalies.
- Reduced audit cycle time by 30% through proactive audit readiness, robust documentation, and clear explanation of accounting treatments.
- Led intercompany (IC) reconciliation efforts, resolving out-of-balance items and timing differences in collaboration with counterparties.
- Completed reconciliations for bank accounts, vendor statements, fixed assets, payroll, and withholding tax (WHT), ensuring accuracy and completeness.
- Cleared all unidentified open items by driving follow-ups with stakeholders, local finance shared services (FSS) teams, and global FSS units.
Fung Business Services India Private Limited
12.2019 - 12.2021
- Resolved outstanding items during balance sheet reconciliations.
- Managed queries associated with statutory and internal audits effectively.
- Performed monthly reconciliations of the general ledger to confirm closing balances.
- Created and processed journal vouchers for currency redenomination.
- Worked with cash and bank departments to ensure prompt payment netting and clearing of invoices.
- Maintained adherence to intercompany accounting policies via detailed request assessments and coding accuracy.
Analyst
TCS (United Airlines)
05.2018 - 11.2019
- Validated global aviation fuel invoices for accuracy against contract terms and quantities.
- Reviewed and implemented specific fuel taxes per international regulations and local laws.
- Entered verified invoices into accounting system after checks against flight schedules and logs.
- Conducted variance analysis through reconciliation of invoice data with internal records and fueling teams.
- Collaborated with vendors and finance teams to rectify discrepancies in quantity or pricing.
- Completed month-end close by consolidating flight movement data with general ledger entries for reporting accuracy.
- Maintained accurate record of fuel expenses for hundreds of flights each month to support financial oversight.
- Refined validation checklists to improve reconciliation efficiency across multiple regions.
Process Associate
Genpact Services LLC
04.2017 - 05.2018
- Posted accurate journal entries for accruals, prepayments, and corrections.
- Ensured precision of ledger balances during month-end and year-end closing activities.
- Closed books promptly while preparing and posting closing entries.
- Reconciled all sub-ledgers including accounts payable, receivable, and fixed assets.
- Collaborated with client accounting team to prepare invoices per contractual agreements.
- Conducted reconciliation of balance sheet reserves and various accounts at general ledger level.
Airtech Communication
08.2014 - 09.2016
- Recording daily transactions (sales, purchases, receipts, payments).
- Maintaining ledgers (Accounts Receivable, Accounts Payable, General Ledger).
- Invoicing and Collections
- Preparing and sending customer invoices.
- Following up on outstanding payments.
- Payments & Expenses, Payroll
Education
Master of Business Administration (MBA) - Finance
Welingkar Institute of Management
04.2020
LLB - undefined
undefined
V.B.U
06.2016
Bachelor of Commerce (B. Com) - Accounting & Finance
Calcutta University
06.2011
Higher Secondary (12th Grade) - Commerce Stream
S.K.H. S
03.2007
Skills
Financial reconciliation expertise
Skilled in account reconciliation
Financial transaction oversight
Inter-company financial practices
Cash flow forecasting expertise
Proficient in financial reconciliation
Detailed financial tracking
Oversight of fixed assets
Audit process facilitation
Financial variance reporting
Monthly financial closing procedures
Timeline
Accountant
Wood Group
12.2021 - Current
Fung Business Services India Private Limited
12.2019 - 12.2021
Analyst
TCS (United Airlines)
05.2018 - 11.2019
Process Associate
Genpact Services LLC
04.2017 - 05.2018
Airtech Communication
08.2014 - 09.2016
LLB - undefined
undefined
V.B.U
Bachelor of Commerce (B. Com) - Accounting & Finance
Calcutta University
Higher Secondary (12th Grade) - Commerce Stream
S.K.H. S
Master of Business Administration (MBA) - Finance
Welingkar Institute of Management
Disclaimer
Thereby I affirm that the information in this document is accurate & true to the best of my knowledge. Dated Sumit Kumar
Achievements
- Reduced month-end close by 3 days through process automation.
- Resolved intercompany mismatches ahead of schedule for quarterly close.
ERP Expertise
Oracle, HFM, Azolve, SQL, Fame, FCC, GGL, Oracle E1, Obiee, JD Edwards