Sumit Hosur

Experience

• 

  The Nilgiri Dairy Farm Pvt.Ltd.

  Nov 2011 - Aug 2012

  Accounts Assistant
• 

  Ralco Synergy Pvt. Ltd

  Apr 2013 - Feb 2014

  Accounts Executive
• 

  Nuance Group (India) Pvt. Ltd

  Feb 2014 - Mar 2015

  Accounts Executive - Finance

  I oversaw comprehensive accounting for Trade Payables and Expense Payables, ensuring adherence to payment terms and timely payments. I handle Debit Notes for discrepancies to maintain financial accuracy. Bank Entries and Reconciliation are vital, involving daily entries, precise balance reconciliation, and discrepancy monitoring. I've led Change Management efforts by creating new files for General Provisional/accrual and Bank Reconciliation Statements (BRS).I also optimized financial operations by shifting sales collections to IDBI CC to reduce loan balances. Handling Fund Transfers and Financial Instruments, I manage both inter and intra-bank transfers and prepare various financial documents like RTGS, Fund Transfers, DDs, Cheques, Salaries, and Customs Duty payments. I streamline Bank Guarantee Processes, including request letters and accounting oversight. Additionally, I oversee Sales Reporting, regularly sharing crucial reports with the board and management. My role extends to Expense Management, covering employee reimbursements, GRIR account clearance, prepaid expense allocation, and general provisions. I maintain a Vendor Payment Tracker, ensuring prompt stock vendor payments and facilitating effective bank communication with a term sheet tracker. Show less

• 

  Dentsu

  Apr 2015 - May 2019

  Senior Accounts Executive

  In Invoice Accounting, I ensured tax precision and maintained precise financial records by addressing Vendor aging reports. Regarding Purchase Order (PO) Management, I improved efficiency by implementing quality checks for new PO requests and streamlined the process, effectively communicating payment details. I also managed Payment Quality Control, conducting thorough checks for various payments, organizing GMB email allocation, and ensuring quick email folder access. Additionally, I maintained the invoice tracker, updated and archiving invoices, skilfully reconciled intercompany statements, and initiated accurate bank payments. I played a key role in dispute resolution for Accounts Receivable (AR) and Accounts Payable (AP) and oversaw the migration of Procure-to-Pay (P2P) and General Ledger (GL) processes from AX2012 to the D365 system. Lastly, I enhanced data accuracy and financial analysis by developing AP and AR consolidation reports in BPC (Business Planning and Consolidation). Show less

• 

  Airtel

  May 2019 - now

  In my role, I lead Month End Closure (MEC) Activities, ensuring timely and accurate completion of crucial tasks such as P&L and Balance Sheet preparation, variance analysis, and book closing across financial areas like GL, O2C, BRS, CWN, MR, and Deallocation. Collaborating closely with the CFR team is essential for on-time closure. Additionally, I manage GL Reconciliation and Analysis, including actual vs. provision reconciliation, trend analysis, and detailed examinations of IND03 online revenue and Airtel Money transactions. I also oversee weekly BRS and Fund reconciliation for 15 entities, involving issue resolution, requirement discussions, and supervising a 12-member team.I play a crucial role in Audit Support, addressing BRS, fund reconciliation, O2C, CWN, MR, and Deallocation queries for internal and external audits. My goal is data accuracy and audit compliance, with a focus on Stakeholder Relationship Management. I foster cross-departmental relationships for smoother financial processes, emphasizing effective communication and collaboration. Additionally, I lead Initiatives and Automation efforts, driving Ghana BRS and O2C migration initiatives and implementing automation tools to enhance efficiency, especially in consolidated entries and bank console processes. I also maintain updated SOPs for financial processes and provide ad-hoc support for unique financial tasks.• Expertly handled month-end closure, including P&L and Balance Sheet prep with detailed variance analysis.• Enhanced and standardized processes to strengthen the control framework.• Ensured robust financial controls during internal and external audits.• Promoted collaboration and knowledge exchange among centers and stakeholders.• Consistently acknowledged for outstanding performance and meeting business goals.• Key role in process migrations, automation, and operational stability initiatives. Show less

  • Manager

    Jun 2023 - now

  • Assistatnt Manager

    May 2019 - Jun 2023