Sumit Dutta Email & Phone Number

United States

IT Application SOX and Governance with BMO Harris bank.

Chicago, Il

Finance CommitteeRole of the ChairAs the finance committee chair, who is also the board treasurer, duties are usually described in the organization’s bylaws: The Treasurer or, at the Board's direction, the Assistant Treasurer, shall monitor and maintain the Corporation's financial records, report to the Board of Directors regularly the financial status of the Corporation, and perform other duties as from time-to-time may be assigned by Chair or by the Board of… Show more Finance CommitteeRole of the ChairAs the finance committee chair, who is also the board treasurer, duties are usually described in the organization’s bylaws: The Treasurer or, at the Board's direction, the Assistant Treasurer, shall monitor and maintain the Corporation's financial records, report to the Board of Directors regularly the financial status of the Corporation, and perform other duties as from time-to-time may be assigned by Chair or by the Board of Directors.In practice the Treasurer provides a supervisory role. The Treasurer and the Assistant Treasurer serve as signers on the organization’s accounts and one Board member signs all checks. As chair of the finance committee, the board treasurer makes sure the committee does its job. Specific duties of the chair include:• Serving as the principal liaison between the committee and the full board,• Working with Executive and Finance leadership to set an agenda for each committee meeting,• Working with Executive to notifying members about the meeting,• Ensuring handouts and reports are prepared and sent to committee members in advance, • Chairing the meeting of the Finance Committee (monthly), and • Monitoring the implementation of the financial policies and procedures. Show less

Chicago, Il

CCL’s mission is to provide comprehensive support to serve, empower and advocate for community residents experiencing homelessness or housing instability so they may obtain and maintain permanent housing. The vision is to transform lives and inspire neighbors to build a stable, supported and connected community.My contribution to add value as a BOARD member, member of the 'Finance Committee' and in the past through design, build, implement and train a Financial Analysis model to accurately… Show more CCL’s mission is to provide comprehensive support to serve, empower and advocate for community residents experiencing homelessness or housing instability so they may obtain and maintain permanent housing. The vision is to transform lives and inspire neighbors to build a stable, supported and connected community.My contribution to add value as a BOARD member, member of the 'Finance Committee' and in the past through design, build, implement and train a Financial Analysis model to accurately estimate costs and budget by activity, and ability to measure and monitor variance budget to actual for individual projects. CCL will benefit with enhanced and accurate visibility between various initiatives and be able to make choices on what projects they can focus more, how much to give back to the community. A fine balance between so much to do and with so little and yet continue to make a difference. I am fortunate and it is a privilege to contribute to the greater cause, help and continue to do so. Show less

United States

Independent Consultant with Protiviti focused on management consulting.

Chicago Il

Director, Internal Audit Hold full accountability for the coordination and administration of internal Financial, Operational and Information Technology audits to ensure strict compliance with organizational audit standards, as well as the timely and accurate completion of the annual audit program. Establish and maintain departmental budgets. Perform comprehensive productivity analysis and cost control/recovery functions, in addition to resource allocation and optimization. Provide leadership… Show more Director, Internal Audit Hold full accountability for the coordination and administration of internal Financial, Operational and Information Technology audits to ensure strict compliance with organizational audit standards, as well as the timely and accurate completion of the annual audit program. Establish and maintain departmental budgets. Perform comprehensive productivity analysis and cost control/recovery functions, in addition to resource allocation and optimization. Provide leadership and direction to a seven-member staff and varying numbers of out-sourced consultants on an individual project basis. Recruit, interview, hire, train and develop personnel; regularly evaluate employee performance levels, identifying areas in need of improvement and implementing corrective measures. Monitor follow-up activities addressing internal audit findings and provide strategic recommendations to drive rectification/remediation of deficiencies. •Promote internal control initiatives to senior management in an effort to improve internal controls. •Serve as Subject Matter Expert (SME) for all International Contract component advising, fraud investigation, FCPA, UK Anti-Bribery laws, supply chain management, data governance, payroll, maintenance, MIS and other international regulations. •Coordinate the execution and reporting of management testing functions to maintain SOX 302/404 credentials. •Achieve departmental objectives by mentoring and motivating staff through leading by example to produce optimal work flow and complete accuracy. •Work closely with Chief Compliance Officer in effectively structuring each departmental segment; interface with senior leadership and the Audit Committee to communicate progress. Summary of Accomplishments: •Significantly revamped image of the internal audit function to represent a mission-critical contributor to the overall corporate mission, as opposed to just a simple SOX Compliance workshop. •Spearheaded the transition from a legacy framewor Show less

As Regional Manager, Sumit is responsible to build the function and maintain its sustainability in form of business partner to Barrick Management team both in form of evaluating control and control design and also to assist fulfilment of strategic objectives.

Streesville, Canada

Responsible for managing/actively participating in a wide range of internal Financial, Operational and Compliance audit functions, serving as the primary point of contact for all audit-related issues. Provided frequent updates to senior leadership regarding audit status/potential concerns, as well as SOX program details, benefits and program continuity. Established audit objectives and procedural timelines; delegate tasks to direct reports based on priority and skill level, overseeing progress… Show more Responsible for managing/actively participating in a wide range of internal Financial, Operational and Compliance audit functions, serving as the primary point of contact for all audit-related issues. Provided frequent updates to senior leadership regarding audit status/potential concerns, as well as SOX program details, benefits and program continuity. Established audit objectives and procedural timelines; delegate tasks to direct reports based on priority and skill level, overseeing progress to ensure quality/accuracy of work. Summary of Accomplishments: •Successfully achieved SOX certification status and implemented standardized policies and procedural standards; created customized SOX test scripts reflective of narratives/walk-throughs. •Cultivated an extensive proficiency with business processes to verify optimal value through SOX program. Show less

Canada

Implementing JD Edwards as the Finance Lead for all modules. Additional role as advisor for Business Analyst and facilitator between IT and end users. Also responsible for IT SOX documentation.Accomplishments:• Thorough understanding to establish business processes and implement ERP in the areas of Finance and Costing system of Plants and JV complex situation along with trouble shooting for AR/AP/GL and Manufacturing Accounting and provide trainingOther Duties • Understand and… Show more Implementing JD Edwards as the Finance Lead for all modules. Additional role as advisor for Business Analyst and facilitator between IT and end users. Also responsible for IT SOX documentation.Accomplishments:• Thorough understanding to establish business processes and implement ERP in the areas of Finance and Costing system of Plants and JV complex situation along with trouble shooting for AR/AP/GL and Manufacturing Accounting and provide trainingOther Duties • Understand and get trained on JD Edwards on AR, AP, GL and Manufacturing and Distribution process• Understand and re-engineer business processes to existing policies and build new policies and procedures.• QA and transfer database from legacy system to JD Edwards• Train various personnel from different companies on JD Edwards• Implementation SOX through JD Edwards and process flow for AR, AP, GL and Manufacturing and Distribution modules• Develop of accounting of Joint Venture and test all process from legacy system data in JD Edwards• QA and upload information from legacy system to JD Edwards• Analyze variances in GL, Manufacturing Accounting and Trial Balances to assist Controllers of individual units to ensure smooth transition from legacy system to JD Edwards• Inventory reconciliation and analyze variances-usage/rate for all cost Show less

Cost and Management Accountant. Additional involvement with implementation of ERP BAAN and Lean Management.Accomplishments • Plan and Co-ordinate Physical Inventory Count every quarter and maintain Inventory and analyze variances• Member of the cross function team of Plant Manager, Lean Co-coordinator and Cost Analyst for the purpose of Cost Control and Cost Reduction through Value EngineeringOther Duties • Maintain Costing Standard- Calculate and update cost sheets and… Show more Cost and Management Accountant. Additional involvement with implementation of ERP BAAN and Lean Management.Accomplishments • Plan and Co-ordinate Physical Inventory Count every quarter and maintain Inventory and analyze variances• Member of the cross function team of Plant Manager, Lean Co-coordinator and Cost Analyst for the purpose of Cost Control and Cost Reduction through Value EngineeringOther Duties • Maintain Costing Standard- Calculate and update cost sheets and BOM.• Analyze major expenditure on each account heads from GL• Analyze each expenditure from GL- allocation, proper GL coding, adequate backup for expenditure and ways to reduce over spending• Various cost analysis and MIS leading to evaluation of plant performance- production, sales and operation aspects including evaluation of customer service performance and wastage in operation, production.• Analyze each cost structure in the Cost Sheet and evaluate variance with standard and previous years.• Calculate standards and redefine standard calculation on periodic basis.• Analyze cost Accounts with Profit and Loss Account and reconcile the two accounts.• Perform all month end process, journals for accruals', reversals and adjustment.• Special projects assigned periodically Show less

East Africa

Accomplishments :Established, coordinated, and maintained sound accounting practices, procedures and controls that enabled the company to grow by 2.0M in sales.• Worked with the Production, Buying and Marketing departments to develop procedures to improve the cost accounting system that more accurately tracked material, labour and overhead expense.• Introduced internal controls to accurately reflect inventory levels eliminating a historically unexplained annual discrepancy of… Show more Accomplishments :Established, coordinated, and maintained sound accounting practices, procedures and controls that enabled the company to grow by 2.0M in sales.• Worked with the Production, Buying and Marketing departments to develop procedures to improve the cost accounting system that more accurately tracked material, labour and overhead expense.• Introduced internal controls to accurately reflect inventory levels eliminating a historically unexplained annual discrepancy of $20K• Established a credit and collection system that reduced accounts receivables by approximately $25.0K annually • Managed the day-to-day activities of the finance, accounting, costing and administration departments in a multi division environment and reported and analyzed the results for the division managers assisting them in achieving a 20% return on the investment.Other Duties• Established a cash management, reporting and budget system that contributed to a $0.2M reduction in the bank loan.• Worked with the division managers to establish a pricing mechanism that accurately incorporated standard costs and all variable expenses. This helped the company to maintain margins with a significant increase in sales volume.• Managed 5 professionals and provided effective leadership and motivation, resulting in strong performances in the credit, MIS and accounting. • Developed a reporting system that quickly identified slow moving inventory, Direct Purchases against Critical spares and regular Inventory and resulted in significant cost savings.• Prepared and presented consolidated financial information to corporate management and the Board.• Internal Audit of group companies Show less

Cma, Management Accounting, Cma Usa Professional Designation

Activities and Societies: Silver level leader and mentor CMA USA professional designation

Acpa, Finance And Accounting

Activities and Societies: CPA East Africa CPA.

Ca (I), Finance

Cma(Icwai) India, Cost And Management Accountant

Activities and Societies: Cost and Managemenmt Accountant CMA India

Bachelor Of Commerce B.Com With Major In Advance Accounting, Finance And Management

Activities and Societies: BComm with Accountancy as major Bachelor of Commerce with Honors in Accounting.