Sumit Arora Email & Phone Number

Gurugram, Haryana, India

January 2024 – Present- FP&A Lead- Special Projectso Spearheading the Battery as a Service (BaaS) program, a unique ownership for making EVs affordable for customer.o Managing large-scale partnerships and bulk deals with industry leaders such as Blu, Uber, and JSW to drive volume growth.________________________________________Aftersales & PDC Controller | MG MotorsFebruary 2021 – December 2023As the Aftersales and Parts Distribution Center (PDC) Controller, I oversaw pan-India operations, implementing strategic initiatives to enhance business performance and operational efficiency. ________________________________________Vehicle Controller for EV Business & Exports | MG MotorsFebruary 2021 – December 2023In this role, I focused on driving volumes and profitability while supporting strategic decision-making for the vehicle business. ________________________________________Warranty Controller | MG MotorsFebruary 2021 – December 2023Detailed warranty analysis and adequacy studies on a carline basis.________________________________________

Delhi, India

o Manage pan India commercial finance and function as one point of Contact for Sales, SG&A and Marketing. o Evaluate market dynamics encompassing for governments regulations, competition stand on pricing, future prospect on market share for finalizing on product pricing.o Handling Pan India Cost of Sales (for all RTMs), managing Trade Marketing and Central Marketing budget.o Prepare budget and forecast models for revenue & Cost of Sales and provide insights to management.o Responsible for managing Account receivable for company, preparing collection plan, monitoring Credit limits, Credit period, DSO and Debtor aging for all customers.o Calculating State wise profitability and share insights with management. o Analyzing State wise, Channel wise, Segment wise Cost of Sales (COS).o Variance analysis w.r.t Revenue & Cost of Sales, Account receivables and share reasons with management. o Managing Depot & Warehousing inventory at Pan India Level.o Preparing of Various MIS & Dashboards for Management on Debtors, Revenue & Product profitability.o Ensuring accurate month end closing & reporting on monthly basis.o Overlooking E commerce business for Bira.o Other activities include helping in Due diligence, Statutory Audit , Internal Controls w.r.t Revenue, Cost of Sales, Trade Marketing, Receivables etc.

Gurgaon, India

Financial Planning & Analysis (FP&A)o Preparation of Annual Budgets, Monthly forecasts, AOP/Mid-term & long-term plans for the organization.o Preparing & Analyzing Monthly Profit & Loss, Balance Sheet & Cash flow for Management. o Variance Analysis – Budget Vs Forecast vs Actuals for P&L items as well as for Balance Sheet items. o Detailed P&L and Balance Sheet upload to Oracle Hyperion, Essbase & Smart view.o Other activities include EBIT/Variance walk, preparation of detailed deck for senior management etc.Commercial Finance for Vehicle Sales & After sales businesso Managing Pan India Commercial profile for Vehicle, Aftersales business and for Marketing budgeto Develop strategic Pricing of Vehicle, Aftersales parts, Decommission Vehicles & maintenance programs for aftersales.o Financial analysis of Pricing proposals & different Sales & Aftersales Incentive Scheme (for Dealers & Customers) and Camps.o Tracking Carline wise profitability on regular basis & highlighting the impact to management. o Effective control and management of all marketing, Aftersales & Sales budget of 300 Crores. o Helped in implement of GST and evaluation of GST Impact for sales & Aftersales operations.o Other activities include Family Pricing, Price increase strategy, Campaign parts tracking, Warehousing inventory optimizationo Meeting with department managers on regular basis to go over business matters and develop plans to increase profitabilityo Cost benefit analysis of expenses and checking the efficiency of expenses and its impact over business.

New Delhi Area, India

New Delhi Area, India

o Preparation of Financial reports (P&L and Balance Sheet for Board & Management meetings)o Closely worked with MD & Business heads to prepare budgets and long-term plans for company.o Responsible for getting Statutory Audits, Internal Audits & Other Legal Compliance done.o Develop Strategic pricing of all products in sync with Business head keeping in mind of competition. o Tracking and Analyzing segment wise & Product wise gross margins and highlighted the same to management.o Involved in Various Analysis like Break Even Analysis, C & F Vs C.A. Analysis.o Monthly Closing, managing day to day affairs of Finance & Accounts Department.o Ensuring for all statutory compliances & payments like Service tax, TDS, VAT, PF, ESI & Professional tax o Evaluating internal control systems, highlighting the shortcomings & implementing necessary recommendations.o Handing all Banking activities like LC Opening, Forex Payments, Hedging and payments. o Preparation of project report (CMA Data) for working capital loan and term loano Other activities include handling AP, AR, Inventory, Petty Cash, Capex & Petty cash.o Finalized Salary structure including reimbursement process and monthly Pay roll processing.

New Delhi Area, India

o Preparing Quarterly Balance Sheet, P& L, Income Statement for Managemento Preparation of Financial reports (P&L and Balance Sheet for Board & Management meetings)o Responsible for of Budgets/MTP, Forecasting and Variance Analysis. o Worked with purchase dept. to prepare SOP and have done many improvements in purchasing system.o Facilitating Statutory Audit, Internal Audit and Donor Specific Audit.o Ensuring compliance of Statutory Requirements of Service Tax, Income Tax , TDS , VAT, PF , ESI with time & accuracy normso Monthly Closing, managing day to day affairs of Finance & Accounts Department.o Reconciliations, AP, AR etc. & All Banking activities. o Helped in Implementation of ERP Software.o Finalized Salary structure and monthly Pay roll processing.

Chartered Accountant, Finance

Bachelor Of Commerce (B.Com.), Finance