Sumit Srivastava

• Manage accounts payable team assignments, Provide training and guidance to team members to ensure effective performance and professional development and Oversee the accurate and timely processing of vendor invoices and expense reports.
• Ensure invoices are properly matched with purchase orders and receipts, and verify appropriate approval before processing payments. Manage and process payments to vendors, ensuring compliance with company policies and procedures.
• Review payment batches, including ACH, checks, and wire transfers and Develop and maintain strong relationships with vendors, addressing any inquiries or issues promptly.
• Prepare and review monthly and quarterly reports on accounts payable activities and Reconcile accounts payable ledgers and ensure accuracy of financial records.
• Ensure adherence to internal controls and accounting policies, Identify and recommend improvements to AP processes and procedures to enhance efficiency and accuracy also Implement best practices and new technologies to streamline accounts payable operations

Tata Group - Client Project (FP&A)

• Comparing actual to plan/forecast/prior period to ensure correct month-end close, investigating unusual postings, and escalating the same to various teams and Expenses review and analysis for management review.
• Support in preparation of reports for business decision making and Reviewing financials on a daily basis during the month-end period and reporting issues, red flags, to finance management.
• Preparing monthly management reporting, updating reporting decks, and getting it reviewed with Finance Management and Escalates any financial issues to management.
• Builds and manages financial databases by organizing and analyzing a wide range of data sources also Prepares financial reports for internal use at the company by collecting, analyzing, formatting, and presenting information.
• Builds and maintains a corporate financial model that details the entire company's operations and projects future performance.

Jan 2022 to Sep 2022 - I transitioned to the new project with TCS. My key responsibilities included recruiting associates, scheduling daily meetings with HR for updates, being part of the due diligence team to understand the transition plan, actively participating in KT calls with the client to learn about the business model, preparing SOPs and other reports in the transition process, and successfully delivering the project.

Tata Group - Client Project (FA)

• Prepares asset, liability, and capital account entries by compiling and analysing account information and Record fixed assets by creating and supervising a system of procedures, forms, and controls.
• Record in the accounting system newly acquired fixed assets and those disposed, Track, compile, and record project costs in fixed asset accounts; close out the accounts at the completion of the projects.
• Perform reconciliation of fixed asset subsidiary ledger balance with summary-level account in the general ledger also Perform revision and update on the detailed schedule of accumulated depreciation and fixed assets.
• Create fixed asset-related audit schedules and collaborate with auditors on their assignments and Summarises current financial status by collecting information, preparing various schedules, and reports, Prepared payments by verifying documentation and requesting disbursements.

Tata Group - Project (AP & AR)

• Led team of 7 Accounts Payable and 6 Accounts Receivable assistants. Provided training, allocated, and reviewed all daily work assignments. Also resolved multiple queries from internal customers and external vendors to assist with invoice and payment issues, in order to streamline the process and reinforce efficiencies.
• Prepare and analyze various accounts for reporting to management, and ensure Service Level Agreements for the process are met as agreed upon with the client.
• Maintain working relationships with site managers. Handle all AP/AR reporting to Management and Client. Onsite meetings are done to review AP process and implement the same with MOM.
• Conduct performance reviews daily, weekly, or monthly. Attend daily huddle with team managers to be updated on all the floor issues and concerns. Also, responsible for staff performance, management, compensation, and rewards and recognition programs.
• Monitor compliance adherence through timely audits, generating awareness on the floor, etc. Manage attrition by implementing measures for retention of workforce & Carry out periodic service review calls with the client to ascertain fulfilment of client expectations and handle escalations.

• Day-to-day accounting transactions on Tally 9. Prepare sales, purchase register, and preparation of bank reconciliation on a daily basis.
• Calculation of TDS, VAT, CST, P.T., Reports, and Making Official letters for Various Departments, which are passed in Board Meeting. Also, Preparation of Sales Invoices of the party.
• Reconciliation of debtor's and creditors' statements and coordination with debtors and creditors, preparation of trade papers and forwarding them to the bank (Forex) for remittance, reconciliation of the import part (Forex) ledger to tally sundry creditors.
• Make payment in Forex accordingly with ageing report, plan and coordinate office finance and workforce effectively, maintain accounts & other reports on MIS, and preparation of Final Accounts & Balance sheets.

• Handle account management utilizing Tally.ERP9 and Maintaining accounts and other reports on MIS.
• Maintaining and reconciling Debtors & Creditors and Maintenance of files related to the accounts department and office files also Performed daily accounting tasks and prepared monthly reports.