Summary
Overview
Work History
Education
Skills
References
Hobbies and Interests
Disclaimer
Core Competencies
Timeline
Generic

Sumit Singla

Gurugram

Summary

Results-driven accounting professional with a strong academic foundation in finance and taxation. Demonstrates exceptional time management and organizational skills, ready to contribute effectively in diverse environments.

Overview

12
12
years of professional experience

Work History

Protiviti India Member Pvt Ltd
09.2023 - Current
  • Lead and manage the AP and R2R functions, overseeing a team of 19 professionals.
  • Managed and optimized the full accounts payable cycle, overseeing the processing of invoices, payments, and vendor reconciliations for a high-volume portfolio, ensuring accuracy and timeliness.
  • Ensure tax compliance (TDS & GST) during invoice processing.
  • Fostered and maintained strong relationships with vendors, resolving discrepancies and ensuring timely payments, contributing to improved vendor satisfaction and more favorable payment terms.
  • Led a team of 13 AP professionals, providing training, guidance, and performance management to enhance team productivity and ensure adherence to company policies and procedures.
  • Coordinated month-end and year-end closing activities for AP, ensuring that all entries were accurately recorded and delivered to senior management with reliable financial reports.
  • Developed and enforced internal controls and policies related to accounts payable processes, ensuring compliance with regulatory standards and mitigating potential risks.
  • Identified and resolved invoice discrepancies, liaising with vendors and internal departments to improve invoice accuracy, reducing discrepancies by year-over-year.
  • Worked closely with internal and external auditors to provide required documentation and ensure compliance with accounting standards, successfully passing internal and external audits with no significant findings.
  • Analyze financial data and prepare comprehensive reports for senior management, providing insights and recommendations for strategic decision-making.
  • Thoroughly review the schedules prepared by the R2R team to ensure accuracy, completeness, and alignment with company standards and timelines.
  • Proactively identify any deviations in the schedules and report them to management on a timely basis, ensuring that corrective actions are taken promptly.
  • Take responsibility for addressing any observations or feedback shared by management, ensuring that these issues are resolved for future schedule preparations.
  • Deliver targeted training to the R2R team to help them address recurring observations, ensuring continuous improvement in the quality and accuracy of future schedules.
  • Lead discussions with the R2R team to understand the challenges they faced during schedule preparation, offering support and solutions to overcome obstacles and improving process efficiency.

SEMBCORP GREEN INFRA LIMITED
09.2017 - 08.2023
  • Oversee and manage the payable accounts team, ensuring efficient and accurate processing of invoices and payments.
  • Report directly to the Vice President of Accounts & Finance, providing insights and updates on financial operations.
  • Ensure proper controls and processes are in place for invoice processing, verification, and timely payments.
  • Cross-check related documents for invoice accounting against Purchase Orders (PO) and Work Orders to ensure accuracy and compliance.
  • Review and verify the terms and conditions for releasing project payments in the pipeline, ensuring compliance with contractual agreements.
  • Verify and post vendor entries, controlling the flow of journals to maintain financial integrity.
  • Prepare fund requirements and coordinate with relevant stakeholders to arrange necessary funds for vendor payments.
  • Close the Accounts Payable module in SAP every month, providing relevant inputs to the General Ledger (GL) and Reporting teams.
  • Process month-end provisions related to various services, operations, and maintenance.
  • Maintain and manage the prepaid expense sheet, ensuring the timely transfer of expenses to the relevant GL accounts at the month-end.
  • Prepare and finalize the bank reconciliation at month-end, ensuring alignment with bank statements and addressing discrepancies.
  • Regularly arrange for pending Goods Receipt/Invoice Receipt (GR/IR) invoices to be processed.
  • Conduct periodic reviews of creditor balances, making necessary adjustments, write-offs, or analysis of creditors' aging as needed.
  • Review and reconcile inter-company transactions and bank accounts regularly.
  • Perform annual vendor reconciliations to ensure consistency and resolve any discrepancies.
  • Ensure compliance with TDS (Tax Deducted at Source), GST, and timely payments, adhering to regulatory requirements.
  • Ensure compliance with MSME regulations by processing payments within 45 days of the acceptance of goods.
  • Coordinate with the bank to resolve any issues related to payments and financial transactions.
  • Track project payments, ensuring that all payments are processed accurately and promptly.
  • Coordinate with internal and statutory auditors to facilitate smooth audits and ensure all financial records are accurate and compliant.

MINDA FURUKAWA ELECTRIC PVT LTD
01.2017 - 08.2017
  • Prepared all records for sale tax assessment
  • Prepare and maintain comprehensive records for sales tax assessments, ensuring compliance with applicable tax regulations.
  • Ensure adherence to all relevant taxation laws, including Excise, VAT, Service Tax, TDS, and other statutory requirements, to avoid any compliance risks.
  • Perform monthly reconciliations of inter-company accounts, ensuring accuracy and resolving discrepancies promptly.
  • Manage the Bill Passing module in Accounts Payable, ensuring proper verification, documentation, and timely processing of vendor payments.
  • Oversee the monthly maintenance and reconciliation of accruals and provisions, ensuring accurate financial reporting and compliance with accounting standards.
  • Lead the process of confirming creditor and debtor balances and review monthly bank reconciliations to ensure accuracy and completeness.
  • Prepare and analyze data for Management Information System (MIS) reports and budgeting processes, supporting strategic decision-making.
  • Prepare and review monthly bank reconciliation statements, ensuring alignment with bank records and resolving discrepancies.
  • Take responsibility for the finalization of the company’s books of accounts, ensuring accuracy and compliance with financial reporting standards.
  • Finalize TDS, VAT & excise returns, ensuring compliance with relevant tax laws and timely filing.
  • Prepare and maintain legal documents required under Excise Law, including RG Part I and Part II, ensuring full compliance.
  • Claiming and realizing export incentives from government departments, including excise rebate claims and other export-related benefits.

AIS GLASS SOLUTIONS LTD
09.2015 - 12.2016
  • Prepared all records for sale tax assessment
  • Prepare and maintain comprehensive records for sales tax assessments, ensuring compliance with applicable tax regulations.
  • Ensure adherence to all relevant taxation laws, including Excise, VAT, Service Tax, TDS, and other statutory requirements, to avoid any compliance risks.
  • Perform monthly reconciliations of inter-company accounts, ensuring accuracy and resolving discrepancies promptly.
  • Manage the Bill Passing module in Accounts Payable, ensuring proper verification, documentation, and timely processing of vendor payments.
  • Oversee the monthly maintenance and reconciliation of accruals and provisions, ensuring accurate financial reporting and compliance with accounting standards.
  • Lead the process of confirming creditor and debtor balances and review monthly bank reconciliations to ensure accuracy and completeness.
  • Prepare and analyze data for Management Information System (MIS) reports and budgeting processes, supporting strategic decision-making.
  • Prepare and review monthly bank reconciliation statements, ensuring alignment with bank records and resolving discrepancies.
  • Take responsibility for the finalization of the company’s books of accounts, ensuring accuracy and compliance with financial reporting standards.
  • Finalize TDS, VAT & excise returns, ensuring compliance with relevant tax laws and timely filing.
  • Prepare and maintain legal documents required under Excise Law, including RG Part I and Part II, ensuring full compliance.
  • Claiming and realizing export incentives from government departments, including excise rebate claims and other export-related benefits.

FARIDABAD FORGINGS PVT LTD
04.2013 - 03.2015
  • Prepared all records for sale tax assessment
  • Prepare and maintain comprehensive records for sales tax assessments, ensuring compliance with applicable tax regulations.
  • Ensure adherence to all relevant taxation laws, including Excise, VAT, Service Tax, TDS, and other statutory requirements, to avoid any compliance risks.
  • Perform monthly reconciliations of inter-company accounts, ensuring accuracy and resolving discrepancies promptly.
  • Manage the Bill Passing module in Accounts Payable, ensuring proper verification, documentation, and timely processing of vendor payments.
  • Oversee the monthly maintenance and reconciliation of accruals and provisions, ensuring accurate financial reporting and compliance with accounting standards.
  • Lead the process of confirming creditor and debtor balances and review monthly bank reconciliations to ensure accuracy and completeness.
  • Prepare and analyze data for Management Information System (MIS) reports and budgeting processes, supporting strategic decision-making.
  • Prepare and review monthly bank reconciliation statements, ensuring alignment with bank records and resolving discrepancies.
  • Take responsibility for the finalization of the company’s books of accounts, ensuring accuracy and compliance with financial reporting standards.
  • Finalize TDS, VAT & excise returns, ensuring compliance with relevant tax laws and timely filing.
  • Prepare and maintain legal documents required under Excise Law, including RG Part I and Part II, ensuring full compliance.
  • Claiming and realizing export incentives from government departments, including excise rebate claims and other export-related benefits.

Education

Chartered Accountancy -

The Institute of Chartered Accountants of India (ICAI)
11-2012

Bachelor of Commerce -

R.K.S.D. College, Kurukshetra University
03-2009

Intermediate -

R.K.S.D. Sr. Sec. School, C.B.S.E
03-2006

Matriculation -

B.S.E.H, Haryana
03-2004

Skills

  • Accounts payable
  • Record to Report
  • Account Receivable
  • Vendor management
  • Tax compliance
  • Auditing support
  • Internal controls
  • Team leadership
  • Problem solving
  • Training delivery
  • Data analysis
  • Process optimization

References

References: Available on request

Hobbies and Interests

Listening to Music & Watching to Movies

Disclaimer

Place: Gurgaon Date: Sumit Singla

Core Competencies

  • Accounts & Finance Management
  • Bank Accounts & Reconciliation
  • Tax Assessment
  • Stock Control
  • Debtors & Cash Control
  • MIS
  • P & L Account/Balance Sheet

Timeline

Protiviti India Member Pvt Ltd
09.2023 - Current

SEMBCORP GREEN INFRA LIMITED
09.2017 - 08.2023

MINDA FURUKAWA ELECTRIC PVT LTD
01.2017 - 08.2017

AIS GLASS SOLUTIONS LTD
09.2015 - 12.2016

FARIDABAD FORGINGS PVT LTD
04.2013 - 03.2015

Chartered Accountancy -

The Institute of Chartered Accountants of India (ICAI)

Bachelor of Commerce -

R.K.S.D. College, Kurukshetra University

Intermediate -

R.K.S.D. Sr. Sec. School, C.B.S.E

Matriculation -

B.S.E.H, Haryana

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