Sumit Kumar Rungta
Bangalore
Summary
Dedicated and resulted oriented professional with 19+ years of experience in managing Travel and Expense an accounts payable activities. Skilled in ensuring accuracy, reliability, and timeliness of deliverables while exceeding quality standards. Aiming to leverage expertise in compliance, process improvement and leadership to contribute effectively to Sandoz.
Overview
19
19
years of professional experience
1
1
Certification
Work History
Senior Manager
Sandoz Private Limited
Hyderabad
04.2023 - Current
- Managed all Travel and Expense activities, ensuring accuracy, reliability, and timeliness of deliverables
- Actively monitored and managed travel and expense management processes
- Conducted periodic reviews of process metrics to ensure compliance with policies and global processes
- Maintained proactive communication with global stakeholders and businesses to ensure compliance and reinforce policies to employees
- Conducted regular escalations and training sessions for non-compliance to policies
- Collaborated with Global Process Owner and Operations Process Owner to review and ensure consistency of policies and processes
- Conducted external benchmarking of policies and procedures to enhance best practices and implement efficient processes
- Led the achievement of metric targets and developed action plans to address any non-compliance issues
- Prepared audit documentation and performed analysis in support of internal and external audit activities
- Managed relationships with external partners and ensured their performance met expectations.
Manager
Novartis Healthcare Private Limited
Hyderabad
07.2020 - 03.2023
- Managed all Travel and Expense activities, ensuring accuracy, reliability, and timeliness of deliverables
- Actively monitored and managed travel and expense management processes
- Conducted periodic reviews of process metrics to ensure compliance with policies and global processes
- Maintained proactive communication with global stakeholders and businesses to ensure compliance and reinforce policies to employees
- Conducted regular escalations and training sessions for non-compliance to policies
- Collaborated with Global Process Owner and Operations Process Owner to review and ensure consistency of policies and processes
- Conducted external benchmarking of policies and procedures to enhance best practices and implement efficient processes
- Led the achievement of metric targets and developed action plans to address any non-compliance issues
- Prepared audit documentation and performed analysis in support of internal and external audit activities
- Managed relationships with external partners and ensured their performance met expectations.
Deputy Manager
Othain Software Services India Pvt.Ltd
Hyderabad
06.2019 - 05.2020
- Responsible for seamless delivery for Accounts Payable function covering Invoice Processing, Vendor management, Vendor Reconciliation, Payments, Travel and Entertainment (T&E) and month end activities
- Led an organization with a strong focus on compliance, accuracy, and timeliness in the Travel and Expense process
- Partnered with Global Process Owners and Operations Process Owner to recommend and implement innovative approaches for process improvement
- Collaborated with Regional and other stakeholders like HR & Legal to build processes around non-compliance
- Provided guidance, mentorship, and coaching to managers, staff, and senior accountants in the Travel and Expense team
- Proactively identified and provided solutions for problems that arose, communicating with the Operations Process Owner
- Led business initiatives and projects to enhance the Travel and Expense process
- Ensure all SOP's are updated on regular basis and signed off by customer.
Assistant Manager
Franklin Templeton
Hyderabad
02.2018 - 06.2019
- Managed accurate and timely processing Travel and Expense report
- Maintained and distributed departmental balanced score card information to highlight staff productivity, invoice processing workflow and cost allocations
- Closely monitored accounts to post timely payments and resolve billing discrepancies
- Developed reports for senior management to outline expenditures, vendor spend and forecasting
- Partnered with finance team to complete month end functions, including accruals and account reconciliations
- Met deadlines by proactively managing individual and team tasks and implementing processes
- Engaged employees in business processes with positive motivational techniques
- Recruited, interviewed, hired and trained employees and implemented mentoring program to promote positive feedback and engagement
- Reduced staff and eliminated overtime by realigning workload in order to meet budgetary restrictions.
Assistant Manager
Genpact
Bangalore
03.2012 - 02.2018
- Processed all vendor invoices promptly in accordance with company policy
- Researched all invoices that were past due
- Maintained internal controls over disbursement functions in accordance with strict Sarbanes-Oxley guidelines
- Established efficient workflow processes, monitored daily productivity and implemented modifications to improve overall effectiveness of personnel and activities
- Initiated timely project management within budget constraints for multi-faceted problems concerning executive leaders
- Managed supervisor itinerary and appointments and streamlined scheduling procedures
- Recruited, interviewed and hired new accounts payable employees
- Hired, managed, developed and trained staff, established and monitored goals, conducted performance reviews and administered salaries for staff.
Assistant Manager
EXL Service
Bangalore
03.2005 - 02.2012
- Reached out to vendors and customers to verify information and follow up on client issues
- Applied proper codes to invoices, files and receipts to keep records organized and easily searchable
- Assessed data and information to verify entry, calculation and billing code accuracy
- Prepared month-end closing entries for detailed reporting and record keeping
- Generated and submitted invoices based upon established accounts payable schedules and terms
- Processed invoices and journal entries with efficiency and accuracy, resulting in decreased discrepancies
- Produced month-end closing reports and provided actionable suggestions on remittance for quick resolution
- Reconciled account information and reported figures in general ledger by comparing to bank account statement each month
- Prepared and mailed invoices to customers, processed payments and documented account updates
- Set and enforced policies focused on increasing team productivity and strengthening operational efficiency
- Submitted reports to senior management to aid in business decision-making and planning.
Education
MBA: Finance -
ITM University
09.2015
Bachelor of Commerce: Accounting -
University Of Calcutta
09.2004
Skills
- Adaptability
- Analytical Thinking
- Talent Development
- Documentation And Reporting
- Operations Management
- Data-driven decision-making
- Cross-Functional Collaboration
- Data Analytics
Certification
Certified Accredited Payable Manager from IOFM / TAPN
Accomplishments
- Outstanding Performance Award in 2023
- Received Best Manager Award in 2022
- Silver Award for Outstanding Performance and deliverable in 2017 and 2014
- Gold Award for NAM - T&E and AP Team for Exemplary performance - 2018
- Bronze Award for Zero Attrition - 2015
Additional Information
Transition of Travel & Expense and Accounts Payable process for US based Client in the year 2017, 2009, 2008 and 2007 at multiple location's - Virginia, Arkansas & Texas.
Timeline
Senior Manager
Sandoz Private Limited
04.2023 - Current
Manager
Novartis Healthcare Private Limited
07.2020 - 03.2023
Deputy Manager
Othain Software Services India Pvt.Ltd
06.2019 - 05.2020
Assistant Manager
Franklin Templeton
02.2018 - 06.2019
Assistant Manager
Genpact
03.2012 - 02.2018
Assistant Manager
EXL Service
03.2005 - 02.2012
MBA: Finance -
ITM University
Bachelor of Commerce: Accounting -
University Of Calcutta
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