Sumit Sengupta Email & Phone Number

Mumbai, Maharashtra, India

• Leading the banking division including treasury, Claims and Commission Payouts in Finance Control Function
• Project Management majorly around Digital enhancements including UAT/BRD
• Policyholder Liability management
• Cost optimization through negotiation and process automation
• Audit and Risk assurances

Mumbai, Maharashtra, India

Pune, Maharashtra, India

• Led Finance control and transformation team
• Administered team of professionals for ensuring smooth functioning of operations control processes
• Project lead for Policy Admin system migration from Finance
• Supervised audit, risk and statutory compliance and IRDAI reporting & compliances
• Led projects related to cost benefit, process automation and control
• Managed policyholder liability, unclaimed amount of policyholders

New Delhi Area, India

• Led Business Finance function having team of professionals for ensuring smooth functioning of operations finance processes
• Supervised audit, risk and statutory compliance and IRDA reporting & compliances
• Established robust systems, processes and controls
• Ensured timely and accurate regulatory reporting
• Assured timely commission & incentive pay-outs
• Managed policyholder liability, unclaimed amount of policyholders

New Delhi Area, India

Noida Area, India

• Head F&A-Finance Operations function; reporting directly to Director Services & Chief Financial Officer
• Led team of professionals for ensuring day to day operational finance activities. Monitoring & suggesting course corrections wherever necessary
• Overseen smooth functioning of financial processes such as - Premium Collections through implementing multiple payment methodologies, setting-up convenient banking network, Revenue accounting/recognition, Cash.

Noida Area, India

• Assisted Head-Internal Audit in drafting annual audit plan, executing the plan approved by the Audit Committee and preparing presentations to the Audit Committee
• Conducted risk based audits to assess adequacy and effectiveness of internal controls to mitigate / manage various risks to which business is exposed
• Assured that the audit report highlights the control gaps, root cause and appropriate practical recommendations are made to address the issues
• Supported management in the risk assessment exercise involving identification of significant business, operational, Regulatory and other key risks in each auditable entity

Noida Area, India

• Worked closely with management team for setting up business module for day to day Finance operations processes
• Implemented various financial management processes and provided cross functional support to build adequate financial controls
• Identified and implemented business process improvements from finance perspective as part of continuous productivity and efficiency improvement objective
• Responsible for performance improvement opportunities including cost management
• Led team of professionals responsible for managing Operation Finance Activities

Gurgaon, India

• Banking & Collection Management - Banking relationships, ensuring smooth cash management outcomes, setting-up banking network & convenient banking, Daily day end reconciliation of monies in hand
• Setting & implementing of alternate payment methodologies – Phone pay, SMS pay, ATM pay, EBPP and Auto pay with a motive to save cost through negotiation with various vendors, Ensuring smooth functioning of Internet.
• External & Internal Audit for Operations Finance, AML reporting
• Relationship Management – Partnership Distribution Channels
• Month End Coordinator / MIS Preparation / Suspense Balance Management
• Business Support Analyst-Finance Systems & Testing – Creation/modification of business case document along with financial specifications (FS), prepare/review test strategy & test cases, User Acceptance & Sanity.

New Delhi Area, India

• Cash Management - Responsible for setup of Cash Room & Commercial hub by giving training in cash collection process & SAP during opening of new store in north India
• Maintained reports of Accounts Receivable of North Zone, reconciling, scrutinizing & Reporting to North Head Commercial
• Led 30 Head Cashiers & over 400 cashiers of stores of North India. Training them for inflow & Outflow of Cash and the Cash Management Report

Post Graduate Diploma In Business Administration, Finance

B.Com, Accounts,Statistics