Sumit Aggrawal Email & Phone Number

Delhi, India

Noida, Uttar Pradesh, India

 Manages the monthly closing process of financial records, ensuring meticulous posting of month-end information to guarantee the utmost accuracy of financial statements. Effectively addresses client and stakeholder queries during month-end closing, ensuring seamless communication and resolution of concerns. Proactively leads client calls to discuss monthly targets, performance, SLAs, automation/transformation opportunities, process standardization and driving continuous improvement.  Accountable for conducting monthly one-on-one meetings and performance appraisals for all team members. Effectively managing process attrition and implementing strategies to retain top/key talent by providing impactful resolutions. Accountable for generating and maintaining various matrices and reports i.e. Accuracy & Timeliness report, MBR deck, Weekly deck, Issue & Learning log with RCA and Performance Bonus Calculation. Proactively collaborate with the team to analyze variances in reconciliations and reporting activities, delivering valuable guidance and support to ensure precise financial analysis. Delivered process presentations during client visits, actively engaging in discussions related to expansion and potential future clients. Implementing cross-training plans to reduce dependency risks, enhance team skills, and drive operational efficiency by eliminating single points of failure. Actively participating in a transformation project aimed at enhancing productivity and efficiency.

Gurgaon, India

 Successfully migrated processes from the USA, providing remote knowledge transfer and trainings on reconciliation, intercompany accounting, revenue recognition, and month/year-end closing. Ensured process health and quality through the use of metrics and management reporting tools such as SQF, PowerBi, QuickBase, and Business Excellence Documents. Managed the monthly financial close process, ensuring accurate revenue recording, reviewing journal entries, providing balance sheet commentary, conducting pre-reconciliations, and publishing monthly revenue reports to stakeholders. Reviewed reconciliations in Cadency tool and maintained an Open Items Tracker for tracking variances. Generated revenue/trend analysis reports and other management information system (MIS) reports for senior management and stakeholders. Handled queries related to the closing of books and reported them to relevant parties. Led client calls to discuss targets, strategy planning, automation opportunities, standardization, and cost reduction initiatives. Responsible for talent discussions, performance appraisals, managing process attrition, and implementing measures to retain top/key talent. Conducted process presentations during client visits, including discussions on expansion and potential future clients. Managed external and internal audits, ensuring accurate and timely closures using the MRT tool. Implemented productivity improvements by eliminating non-value-added activities and introducing automation tools/macros in collaboration with the Business Excellence team. Monitored cross-training plans to reduce dependency and enhance team capabilities.

New Delhi Area, India

 Ensure strict adherence to Account Reconciliation procedures and controls across all company branches. Review and prepare Statutory Reporting for Income Tax, DVAT, TDS, and Service Tax. Perform reconciliation of TDS Receivables, ensuring alignment with Books of Accounts and 26AS. Verify vendor invoices and process timely payments. Responsible for reconciling GL Ledger, SL Ledger, Bank & Cash, and Intercompany accounts. Perform Month End Closing activities, including processing invoices, revenue recognition, expenses, debtors, creditors, and statutory liability analysis.

 Experienced in review and posting of Month End Journal Entries for R2R, handling Actuals, Accruals, and Payrolls. Developed training framework and conducted training needs analysis for effective process training. Managed External & Internal Audits, ensuring smooth functioning of Statutory Audit and Tax Audit processes. Proficient in Month End Closing tasks such as processing invoices, revenue recognition, expenses, debtors, creditors, and statutory liability analysis. Expertise in preparing and finalizing monthly Statutory Reports and filing Returns for Income Tax, TDS, Service Tax, DVAT, ESI, and PF. Responsible for reconciliation of GL Ledger, SL Ledger, Bank & Cash, Intercompany, and quarterly scrutiny. Skilled in collection and reconciliation of TDS Receivables, aligning with books and 26AS. Proficient in Financial Budgeting, Forecasting, and preparation of Prepaid Insurance and Fixed Assets schedules. Handled proceedings of TDS Intimation U/S 200A of the Income Tax Act, 1961.

 Proficiently maintained various accounting records including Day Book, Bank or Cash Book, Sale Register, Purchase Register, and Fixed Assets Register. Expertise in preparing and maintaining Bank Reconciliation and Cash Flow Statement using computerized systems and manual methods. Successfully handled day-to-day functions of Journal Accounting, ensuring smooth operations and accuracy. Generated Ascertaining Reports for collections, payments, and outstanding balances, providing valuable insights for financial analysis. Proficient in filing Income Tax, TDS, Service Tax, and VAT Returns, ensuring compliance with tax regulations.

Mcom, Business/Commerce, General

Bachelor'S Degree, Commerce

Intermediate

10Th