Sumeet Sethi Mba, M.Com, Cima Adv Dip Ma Email & Phone Number

Milton, Ontario

• Develop modelling and other analyses to drive initiatives, monitor trends, and identify exceptions and to support the budgeting, forecasting, and strategic planning processes.• Develop top to bottom P&L forecasts, translate these forecasts into current and future impacts on the balance sheet (financial position) and communicate how these changes affect a statement of cash flow with a focus on understanding the inputs, impacts and drivers of operating cash flow• Analyze the… Show more • Develop modelling and other analyses to drive initiatives, monitor trends, and identify exceptions and to support the budgeting, forecasting, and strategic planning processes.• Develop top to bottom P&L forecasts, translate these forecasts into current and future impacts on the balance sheet (financial position) and communicate how these changes affect a statement of cash flow with a focus on understanding the inputs, impacts and drivers of operating cash flow• Analyze the profitability, projections and other financial modelling to support decision making, financial feasibility and new business initiatives.• Sensitivity analysis to determine impact of changes to underlying assumptions on annual and strategic plan.• Provide timely and accurate analysis and information concerning Return on Investments (ROI) and Return on Equity (ROE). • Analyze budgets for all Division entities (including Land Development, Building and G&A Expenses) providing reports on variances, trends, and control standards and practices. • In conjunction with Financial Reporting, complete monthly and quarterly forecasts to budget variance analysis with commentary that address key issues and drivers, to determine root causes• Work to foster and develop strategic business partnerships with functional and departmental leaders while able to communicate financials and operational impacts into lamens terms for operational leaders• Analyze and identify trends in key performance drivers to facilitate the review of actual financial results compared to the budgets and forecasts. • Improve the quality and efficiency of financial reports and models and seek opportunities to streamline analysis and processes. • Provide support pertaining to ad hoc projects as required including preparation of financial presentations and reports for senior management and executive team. Show less

Toronto, Canada Area

Responsible for the financial reporting, planning, forecasting and analysis of CCI Canadian Operations. Working as a Corporate Account \ Analyst reporting to Finance Controller and then VP, Head of Finance.• Prepared and finalized the Annual (Overheads) Operating Budget (Plan) and Quarterly forecasts; incl. developing key financial assumptions, backup sheets and loading of the budget. • Provide Treasury support and perform daily Bank Reconciliations in order to assist in working… Show more Responsible for the financial reporting, planning, forecasting and analysis of CCI Canadian Operations. Working as a Corporate Account \ Analyst reporting to Finance Controller and then VP, Head of Finance.• Prepared and finalized the Annual (Overheads) Operating Budget (Plan) and Quarterly forecasts; incl. developing key financial assumptions, backup sheets and loading of the budget. • Provide Treasury support and perform daily Bank Reconciliations in order to assist in working capital and liquidity position for the organization.• Regular discussions with senior leadership teams and business for monitoring the overhead (support) costs in order to perform variance analysis and record major driving factors.• Developed advanced excel models using advanced functions for Overheads analysis. As a result the reporting time got reduced from 2 days to 45 mins.• Handling Inter company changes within multiple companies (Legal entities) and invoicing if required to recharge.• Posting journal entries in view point on regular basis (including accruals if required) and defining accounting for inflows and outflows of cash including invoices received and paid through Inter company settlements.• Performing trial balance uploads on Hyperion and Tagetik on monthly basis along with monthly close activities.• Prepared CCI half year Financial Statements June 2015 in order to submit to KPMG for audit purposes.• Writing Management commentaries for overheads analysis and create presentations to be submitted to SLT.• Perform Balance Sheet reconciliations on monthly basis. Show less

Responsible for the financial reporting, planning and analysis of XL Group total Revenue, and expenses at global level specialized for US and Canada.• Prepared and finalized the Annual Operating Budget (Plan) and Quarterly forecasts; incl. developing key financial assumptions, backup sheets and loading of the budget. • Successfully performed quarter end close, month end reporting, MTD, QTD and YTD variance analysis / commentary vs Forecasts, Budget and prior year. • Compiled… Show more Responsible for the financial reporting, planning and analysis of XL Group total Revenue, and expenses at global level specialized for US and Canada.• Prepared and finalized the Annual Operating Budget (Plan) and Quarterly forecasts; incl. developing key financial assumptions, backup sheets and loading of the budget. • Successfully performed quarter end close, month end reporting, MTD, QTD and YTD variance analysis / commentary vs Forecasts, Budget and prior year. • Compiled large volume of data from various sources into concise, meaningful summaries for senior leadership. • Performed timely Corporate (US and Canada) reporting including Revenue Flash and quarterly submissions. Determined financial impact of risks and opportunities on a monthly basis. • Acknowledged by leaders for performing insightful financial analysis (ad-hoc and scenario analysis) for decision support and strategy formulation (using advanced Excel, Qlik Sense and Business Objects (BO) reporting). • Conducted monthly meetings with functional heads (including US and Canada) sharing actual results and recommending process improvements. • Reviewed POs and invoices and finalized monthly accruals/adjustments. • Ensured adherence to applicable accounting standards and SOX compliance. • Prepared and monitored capital and operating budget and depreciation forecasts. Show less

Responsible for reporting, planning and analysis of the Banking Center Channel business (Across US), and providing business partner support to Operations and decision making using detailed analysis.• Management Reporting. Calculating Net Income before tax, Net Income after tax.• Assisting in finalizing operational budget for the organization as per the analysis and recommendations from the Line of Businesses (Clients / On Shore Partners). • Responsible for monthly reporting… Show more Responsible for reporting, planning and analysis of the Banking Center Channel business (Across US), and providing business partner support to Operations and decision making using detailed analysis.• Management Reporting. Calculating Net Income before tax, Net Income after tax.• Assisting in finalizing operational budget for the organization as per the analysis and recommendations from the Line of Businesses (Clients / On Shore Partners). • Responsible for monthly reporting package (deck) including variance analysis. • Act as the central contact for reporting and metrics to ensure management information necessary for senior leadership team decisions is consolidated, packaged and distributed in a manner that facilitates effective decision-making and actions. • Handling more than 6 Line of Business (US Clients) independently.• Creating MS Power Point presentations for reporting and presenting BOfA Financials.• Responsible to update monthly Scorecards for assigned cost centers, and Dashboard for senior management. • Reporting BOfA Banking Center Channel Operating Expenses at different hierarchy levels.• Write Management commentary for various business heads based on the analysis done on Monthly basis using Essbase and other financial tools.• Designed new reports for analysis at regional level using advanced Excel modeling, including branch wise Return on Investment (ROI), profitability and ranking reports. Show less

Management Level, Finance And Financial Management Services

Master’S Degree, Finance And Financial Management Services

Master Of Business Administration (M.B.A.), Finance And Financial Management Services

Bachelor’S Degree, Finance And Financial Management Services