Udit Agarwal
Chartered Accountant
Jamshedpur
Summary
Senior Finance Analyst with experience in financial statement analysis, variance analysis, and MIS reporting for power and industrial operations. Monitors 1 division's cash flow, working capital, profitability, and completes 7–12 budget variance analyses per month while preparing 8 MIS reports per month to support monthly decision-making. Partners on annual operating plans, lease models, and regulatory billing with a strong control focus.
Overview
1
1
Language
8
8
years of professional experience
Work History
Lead Associate- Finance & Accounts
Tata Power Company Limited, Jamshedpur
10.2023 - Current
- Prepared and monitored financials and various MIS reports, analyzing key indicators such as cash flow, working capital, and profitability.
- Handled accounts for Jojobera Division and managed monthly power billing according to regulatory norms.
- Managed budget and cost sheet, conducting monthly variance analysis.
- Filed GST and performed monthly reconciliations while ensuring compliance with tax regulations.
- Ensured viability of new projects and prepared lease models in accordance with relevant Ind AS.
- Monitored advances with coal companies and conducted recurring GRIR activities.
- Engaged in the capitalization of a major project valued at 400 crores.
Consultant
HSBC & Co., Jamshedpur
10.2021 - 09.2023
- Led on-site Internal Audit of Uranium Corporation of India Ltd.
- Developed an in-depth variance analysis of Financial Statement with Key Financial Ratios.
- Conducted in-depth variance analysis of financial statements, highlighting key financial ratios to inform strategic decisions.
- Assisted client in raising Capital loans for expansion and done various compliance for availing Subsidy via State government.
- Worked on scrutiny cases of Income Tax u/s 142(1) and along CIT (A) cases of numerous clients.
- Had worked in almost all audit area with specialization in Revenue, Trade payable and Receivables, Cash & cash equivalent, etc.
- Performed Ageing Analysis on Trade Payables & trade Receivables
- Checked Ind-As Compliances related to Ind-As 115 Revenue Ind-As 116 leases.
- Drafted various GST related litigation reply relating to Reconciliation for Annual Returns, Refund related issue.
Article Trainee
HSBC & Co., Jamshedpur
10.2018 - 09.2021
- Done Stock audit and Physical Verification of UCIL
- Handled Statutory Audit, Tax Audit & GST Audit of clients with turnover exceeding 100 cr.
- Prepared Income Tax return, TDS Reconciliation & GST Return filings.
- Conducted due diligence on liquidity management for various industrial clients to assess financial stability.
- Managed statutory, tax, and GST audits for clients with turnover exceeding 100 cr, ensuring compliance and accuracy.
- Performed due diligence on Liquidity Management of various Industrial Clients.
- Assisted auto ancillary company in streamlining workflow and implementing cost-cutting program, enhancing operational efficiency.
- Done Tata steel subsidiary ISWP -PF Audit.
Education
Chartered Accountant - Finance , Tax And Accounts
ICAI
04.2001 -
CFA level 1 - undefined
CFA Institute(USA)
06-2019
B. Com (Hons.) - Finance
St. Xavier’s College, Kolkata
Kolkata01-2019
12th - undefined
NHES, Jamshedpur
Jamshedpur01-2016
10th -
NHES, Jamshedpur
Jamshedpur01-2014
Skills
Financial statement analysis
Variance analysis
Budgeting & forecasting
MIS reporting
Working capital management
GST reconciliation
Debtor/Creditor ageing analysis
Tax audit
Statutory audit
GST return filing
Cost variance analysis
Gross margin analysis
Capitalization
Annual Business Plan
Interests
Stock Market Trading in Derivatives, Playing cricket and badminton, Listening Songs
Timeline
Lead Associate- Finance & Accounts
Tata Power Company Limited, Jamshedpur
10.2023 - Current
Consultant
HSBC & Co., Jamshedpur
10.2021 - 09.2023
Article Trainee
HSBC & Co., Jamshedpur
10.2018 - 09.2021
Chartered Accountant - Finance , Tax And Accounts
ICAI
04.2001 -
12th - undefined
NHES, Jamshedpur
B. Com (Hons.) - Finance
St. Xavier’s College, Kolkata
CFA level 1 - undefined
CFA Institute(USA)
10th -
NHES, Jamshedpur