Sumit Kumar

Managed subledger accounting for German entities while leading a team of 4 accountants. Actively involved in daily accounting operations, ensuring HGB compliance, accurate financial reporting, audit readiness, and timely month-end, quarter-end, and year-end closings. Drove process improvements, strengthened internal controls, and mentored team members to support high performance and professional growth.

Managed month-end closing, balance sheet reconciliations, and audit preparation in compliance with IFRS & German GAAP (HGB). Partnered with Controlling & Finance teams to support bookings, reporting adjustments, and payment approvals. Supported process improvements & restructuring projects, leveraging Workday ERP to enhance reporting efficiency.

• Managed financial transactions, payments, invoicing, and reconciliations for a fast-paced e-commerce business, ensuring accuracy and compliance with HGB • Maintained and reconciled GL accounts, prepared accruals, deferrals, and supported month-end/year-end closing. • Assisted audits and prepared financial reports, delivering timely and accurate insights. • Improved accounting processes and reporting efficiency through workflow optimization and KPI analysis.

Managed AP/AR operations and payment execution using SAP. Prepared financial and aging reports, supporting management with budget vs. actual analysis. Trained team members and optimized reporting processes.

Developed interactive financial reports for North American, Canadian, and German entities. Analyzed P&L, balance sheets, and cash flow statements to support management decisions. Coordinated with clients to resolve process bottlenecks and ensure report accuracy.

Managed corporate actions and equity activities for German stock exchange-listed instruments, handling tasks like mergers, spin-offs, dividends, etc., using Citrix and Host applications.