Sumit Handa
Associate Vice President Administration at Indepay Networks Private Limited- Claim this Profile
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Bio
Credentials
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Transitioning from Manager to Leader
LinkedInJul, 2020- Nov, 2024 -
Job Skills: Supply Chain and Operations
LinkedInJun, 2020- Nov, 2024 -
Sheryl Sandberg and Adam Grant on Option B: Building Resilience
LinkedInJun, 2020- Nov, 2024 -
Recovering from a Layoff
LinkedInMay, 2020- Nov, 2024 -
The Fundamentals of Digital Marketing
GoogleMay, 2020- Nov, 2024 -
Certified ScrumMaster® (CSM®)
Scrum AllianceJul, 2023- Nov, 2024 -
Certified ScrumMaster® (CSM®)
Scrum AllianceJul, 2023- Nov, 2024
Experience
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Indepay | Setara Networks
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Singapore
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Financial Services
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1 - 100 Employee
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Associate Vice President Administration
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May 2016 - Oct 2021
Associate Vice-President, Administration & Corporate Operations. Complete accountability to drive shared service support operations for India, Singapore and Indonesia operations. Source, negotiate, and manage all commercials and contract management. Successfully completed Due Diligence for a Singapore based Fintech. Entire set-up of new offices in India and Indonesia including finalization of office branding thus giving a distinctive identity to the organization… Show more Associate Vice-President, Administration & Corporate Operations. Complete accountability to drive shared service support operations for India, Singapore and Indonesia operations. Source, negotiate, and manage all commercials and contract management. Successfully completed Due Diligence for a Singapore based Fintech. Entire set-up of new offices in India and Indonesia including finalization of office branding thus giving a distinctive identity to the organization. Negotiate and drive contracts and SLAs with vendors in the areas ranging – Communications & Networking, Telecom & software solutions, Hardware, Marketing, Branding, PR, HR, and Finance, thus helping the organization kick start operations in new territories and geographies. Digital Lending – Creation of Scoring Model for Channel Partners for Unsecured Lending and Contract finalization with NBFC for sourcing of funds. On Boarding of Distributors, Sub Agents and Merchants through KYC, Field Checks. Lead the closure of legal disputes related to old vendors dues, as the organization had a legacy of legal disputes. This activity led to reduction in legal claims and a favorable audit report, thus raising the credibility of the company for the investors. Lead the initiative to digitize complete documents including scanning, indexing and storage. This initiative resulted in proper segregation of entire physical records of the organization since inception resulting in better records as well as space management. Roll out of critical policies related to Travel, Vendor Procurement, thus ensuring complete adherence and consistency across the network with regards to claims within budgetary limits, and leveraging better terms and commercials with suppliers. Show less Associate Vice-President, Administration & Corporate Operations. Complete accountability to drive shared service support operations for India, Singapore and Indonesia operations. Source, negotiate, and manage all commercials and contract management. Successfully completed Due Diligence for a Singapore based Fintech. Entire set-up of new offices in India and Indonesia including finalization of office branding thus giving a distinctive identity to the organization… Show more Associate Vice-President, Administration & Corporate Operations. Complete accountability to drive shared service support operations for India, Singapore and Indonesia operations. Source, negotiate, and manage all commercials and contract management. Successfully completed Due Diligence for a Singapore based Fintech. Entire set-up of new offices in India and Indonesia including finalization of office branding thus giving a distinctive identity to the organization. Negotiate and drive contracts and SLAs with vendors in the areas ranging – Communications & Networking, Telecom & software solutions, Hardware, Marketing, Branding, PR, HR, and Finance, thus helping the organization kick start operations in new territories and geographies. Digital Lending – Creation of Scoring Model for Channel Partners for Unsecured Lending and Contract finalization with NBFC for sourcing of funds. On Boarding of Distributors, Sub Agents and Merchants through KYC, Field Checks. Lead the closure of legal disputes related to old vendors dues, as the organization had a legacy of legal disputes. This activity led to reduction in legal claims and a favorable audit report, thus raising the credibility of the company for the investors. Lead the initiative to digitize complete documents including scanning, indexing and storage. This initiative resulted in proper segregation of entire physical records of the organization since inception resulting in better records as well as space management. Roll out of critical policies related to Travel, Vendor Procurement, thus ensuring complete adherence and consistency across the network with regards to claims within budgetary limits, and leveraging better terms and commercials with suppliers. Show less
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CITICORP FINANCE (INDIA) LIMITED
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India
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Financial Services
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1 - 100 Employee
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Assistant Vice President
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May 2006 - Apr 2016
Compliance Officer and Financial Analyst–Administration ● Process audit for Administration. - This involved quarterly testing of Admin processes like projects, Vendor Management Unit, Employee Entitlements, compliance with local regulations, and adherence to policies through highlighting issues, setting controls and suggesting corrective plans. ● Implementation of intranet based supplies ordering system, wherein the supplies were mapped to the revenues generated by the user branches,… Show more Compliance Officer and Financial Analyst–Administration ● Process audit for Administration. - This involved quarterly testing of Admin processes like projects, Vendor Management Unit, Employee Entitlements, compliance with local regulations, and adherence to policies through highlighting issues, setting controls and suggesting corrective plans. ● Implementation of intranet based supplies ordering system, wherein the supplies were mapped to the revenues generated by the user branches, thus having a pro- active check on the usage trend and highlighting any variation to the management. ● Financial Analysis for the unit including Budgeting and Planning, Provision reporting, tracking of expenses, vendor reconciliation. ● Under the Financial Analyst role initiated exercise of “Benchmarking” expenses against revenues, this was done to achieve the organizational objective of expense rationalization. This was one of the first initiatives in the organization, through which management was able to d control breaches in the expense lines. This initiative helped achieve a 15% cost reduction over budgeted figures. ● Claims processing and Clearance of old dues with proper reconciliation, thus resulting in reduction in expenses provisioned for units in books and better financials. ● Managed vendor rationalization activity through utilization of centralized vendors having Pan India reach resulting in getting better commercials, and economies of scale, thereby aligning the organization with Citi’s objective of cost savings and optimal vendor utilization. Through this initiative we managed to reduce the count of Admin vendors from 450 to 120. Show less Compliance Officer and Financial Analyst–Administration ● Process audit for Administration. - This involved quarterly testing of Admin processes like projects, Vendor Management Unit, Employee Entitlements, compliance with local regulations, and adherence to policies through highlighting issues, setting controls and suggesting corrective plans. ● Implementation of intranet based supplies ordering system, wherein the supplies were mapped to the revenues generated by the user branches,… Show more Compliance Officer and Financial Analyst–Administration ● Process audit for Administration. - This involved quarterly testing of Admin processes like projects, Vendor Management Unit, Employee Entitlements, compliance with local regulations, and adherence to policies through highlighting issues, setting controls and suggesting corrective plans. ● Implementation of intranet based supplies ordering system, wherein the supplies were mapped to the revenues generated by the user branches, thus having a pro- active check on the usage trend and highlighting any variation to the management. ● Financial Analysis for the unit including Budgeting and Planning, Provision reporting, tracking of expenses, vendor reconciliation. ● Under the Financial Analyst role initiated exercise of “Benchmarking” expenses against revenues, this was done to achieve the organizational objective of expense rationalization. This was one of the first initiatives in the organization, through which management was able to d control breaches in the expense lines. This initiative helped achieve a 15% cost reduction over budgeted figures. ● Claims processing and Clearance of old dues with proper reconciliation, thus resulting in reduction in expenses provisioned for units in books and better financials. ● Managed vendor rationalization activity through utilization of centralized vendors having Pan India reach resulting in getting better commercials, and economies of scale, thereby aligning the organization with Citi’s objective of cost savings and optimal vendor utilization. Through this initiative we managed to reduce the count of Admin vendors from 450 to 120. Show less
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Thomas Cook India Limited
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India
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Leisure, Travel & Tourism
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700 & Above Employee
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Finance Officer
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2002 - 2006
Finance Executive-Regional Accounts ● Handling regional accounts including Airline and vendor payables, receivables. Bank ,Trial, Books reconciliation. ● Keeping track of un-reconciled transactions, debts, arrears & reporting of the same. Finance Executive-Regional Accounts ● Handling regional accounts including Airline and vendor payables, receivables. Bank ,Trial, Books reconciliation. ● Keeping track of un-reconciled transactions, debts, arrears & reporting of the same.
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Education
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2010 - 2012
Symbiosis Centre for Management Studies- Pune
PGDBM, Finance and Financial Management Services -
1996 - 1999
Delhi University
Bachelor’s Degree, Business/Commerce, General -
1995 - 1996
Summer Fields school
Comm, commerce
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