Process Improvement Fp A

SUMIT KUMAR CPA, MBA

***** **** ****** **** 281-***-**** **********@*****.***

Houston TX 77079 www.linkedin.com/in/sumit-kumar-b359141 SUMMARY

Accomplished Finance and Accounting leader in large, midsize and startup companies. Hands-on professional with strong work ethic and process improvement focus who partners with operations & customer functions to develop & maintain financial, cash management, reporting and control processes. Critical thinker with effective communication and leadership skills. Big 4. Graduate degrees from Top 20 B Schools. COMPETENCIES

• FP&A, Budgeting, Modeling • Treasury • 6 Sigma; Process Improvement

• Big 4/ Operations/Internal Audit • SEC reporting • Small, Mid and Large Cap

• M&A Integrations • SOX & Controls • Manufacturing, Construction, Farming

PROFESSIONAL EXPERIENCE

Medical Leave Q4 ‘23 to Q1 ‘24: Elbow fracture/ surgery/ rehab/recovery. Commenced job search Q2 2024 ST Genetics – Sr Manager/ Asst Controller Navasota TX 2018 to June 2023 Hybrid (75 miles away), full-time contract role at a $380m. worldwide leader in livestock services (semen sorting and treatment and embryo production) to reengineer processes for IPO compliance. Company hired local personnel after processes were realigned.

• Supervised country controllers and settlement process for 80 intercompany entity pairs.

• Consolidation and month end close process including automation /ERP implementation aspects. Adopted ASC 606 re: revenue recognition.

• AR/AP clean up and management, Restatement of prior year financials, Sales tax administration; K-1 reconciliation.

• Business Unit Controller – budgets, forecasts and kpi. Sabbatical / Family Leave / Self Employed 2015 to 2017 Caregiver to aged (96-year-old) parent.

Controller consultant at Optimas Manufacturing, Dishaka and w/ Robert Half Jan 2015 to Dec 2015 Controller, DOWLEY SECURITY SYSTEMS, Houston TX 2011–2014

$50m (from start-up) entity installs security equipment at commercial and government locations in the US and abroad.

• General ledger, journal entries, account reconciliations, monitored 100 projects by Percentage of Completion method

(SOP 81-1)

• Clean-up legacy financials, established monthly reporting and forecasting package to include dashboard metrics.

• Lead monthly close, supervise staff of 5, train personnel, partner with departmental heads to execute plan.

• Financial Modeling – Developed 8-year P&L, Bal Sheet, C Flow projections including detailed supporting schedules Controller, STANDARD RENEWABLE ENERGY LP, Houston TX 2007 – 2010

$75m (from start- up) co. installed solar panels and energy efficient products at residences & light commercial facilities.

• Established controls and processes for monthly reporting/ percentage completion and cost accounting discipline.

• Hired and supervised staff of 10.

• Budgeting, variance analysis, forecasting and key performance indicators implementation. Short- and long-term financial planning.

• Acquisition due diligence and integration (including purchase accounting). Sales and use tax compliance.

• Working capital management (reduced DSO and increased inventory turns by 25%) and financing.

• Year-end annual audit and liaison with external auditors – clean report despite new processes & controls. HONEYWELL INC. / ALLIED SIGNAL 1997 – 2006

Led integration of Pittway Corp ($2b revenue) into Honeywell Security and Fire SBU SUMIT KUMAR CPA, MBA Page 2

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HONEYWELL INC. / ALLIED SIGNAL (continued)

Finance Manager: Global Credit and Treasury Services, Melville, NY 2005 – 2006

• Initiated a 10% year-over-year increase in collections by developing reports in Microsoft Access.

• Facilitated a 25+% reduction in past due balances by implementing a forecasting/goal setting process FP&A Manager: Integrated Supply Chain (ISC) / Commercial Finance, Melville, NY 2002 – 2004 FP&A leader of the ISC functional organization that focused on five worldwide factories ($450m COGS) from a cost, productivity, process and controls standpoint.

• Identified $20 million of productivity through complex P&L analysis measuring savings through cost take-out measures such as 6 Sigma, material deflation, restructuring and value engineering initiatives.

• Administered $12 million (9%) inventory reduction. Implemented kpi - financial, quality, delivery, safety etc.

• Saved $8 million on 14 restructuring projects by determining viability and monitoring progress.

• Revenue trend and P&L top line analysis - Margin, Mix, Volume FX. Pricing and breakeven analysis.

• Enabled division to achieve targets by determining productivity target by compiling the 2002- 2004 Annual Plans.

• Led the integration of finance processes of a $60 million acquisition. Performed related purchase accounting tasks. Manager of Accounting and Internal Controls, Syosset, NY 2000 – 2001

• Collaborated with executive, operational and customer facing organizations in this high visibility SOX role to strengthen the overall controls environment at 40 worldwide locations.

• Developed and executed a controls plan to address process deficiencies by deploying and monitoring control scorecards. Three subsequent internal audits as well as external auditor reviews revealed no significant issues.

• Developed division’s first accounting policy in select areas and researched accounting issues.

• Reduced inter and intra company difference to $50,000 from $7 million through training and policy implementation.

• Substituted for Controller and Asst. Controller during year-end financial close. Senior Auditor and Manager Special Projects Morristown, NJ 1997 – 1999

• Process improvement related audits in Finance and Accounting, Supply Chain and Human Resource functions in the automotive, chemical, aerospace and automation control industries. Supervised staff. Compiled the annual plan of a chemical business. Generated $700k in savings at an overseas operation by eliminating future liability. COOPERS AND LYBRAND LLP (PWC), Philadelphia, PA 1993 – 1997 Senior Associate (Received an early promotion to senior associate in January 1995)

• Supervised statutory and carve out audits & due diligence exercises of SEC and non-SEC clients. Major clients were Sun Company, UGI, Ford New Holland Finance Company, ICC, C-TEC, Hercules and Scott Paper.

• Reviewed documentation relating to registrations with the SEC- 10K, 10Q, shelf registrations etc.

• Promoted to Senior Associate in 18 months vs. normal 30 months. EDUCATION

MBA, Indiana University, Bloomington, IN (online) 2007 MS, Accounting, University of North Carolina, Chapel Hill, NC 1993 CERTIFICATION

CERTIFIED PUBLIC ACCOUNTANT (CPA). – Pennsylvania (1993). Status: Active COMPUTER SKILLS

ERP systems: Oracle ERP, SAP (Business One); Hyperion Enterprise/ HFM; MS Office (Excel, Word, Access, PowerPoint) and QuickBooks.

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