VISHAL BHALERAO
MUMBAI
Summary
Dynamic budget analyst with extensive experience at India Resources Trust, adept in financial forecasting and variance analysis. Proven leadership in optimizing project budgets and enhancing compliance with donor regulations.
Overview
8
8
years of professional experience
Work History
SENIOR ASSOCIATE-BUDGET ANALYST
INDIA RESOURCES TRUST (WORLD RESOURCES INSTITUTE INDIA)
Mumbai
04.2026 - Current
- Updated and maintained project budgets using IBM Cognos TM1 forecasting software to ensure accurate financial planning and budget tracking.
- Develop annual and multi-year budgets.
- Prepare monthly, quarterly, and annual forecasts to guide financial planning.
- Forecast funding requirements and monitor grant balances.
- Review assumptions and validate budget estimates.
- Facilitated coordination of budget submissions among various departments. across departments.
- Update projections based on actual spending and revenue.
- Analyze financial trends to pinpoint potential funding gaps and inform budget decisions.
- Compare actual expenditure against approved budgets.
- Investigate budget variances along with identification of overspending and underspending.
- Monitored revenue recognition and tracked funding utilization to ensure compliance with financial agreements.
- Ensure expenditures comply with funding agreements.
- Ensure adherence to organizational financial policies.
- Presented financial performance to senior leadership, facilitating informed decision-making.
- Delivered comprehensive financial information to senior management for review. to senior management.
- Supported junior analysts through guidance and review of financial analyses and reports., review financial analyses and reports, share best practices and support onboarding and training.
ASSOCIATE-BUDGET ANALYST
INDIA RESOURCES TRUST (WORLD RESOURCES INSTITUTE INDIA)
Mumbai
08.2024 - 03.2026
- Assist in preparing annual budgets & project budgets.
- Develop budget estimates based on historical trends, funding agreements, and operational requirements.
- Assisted Senior Analyst and Manager in maintaining budget accuracy and reducing variances from planned targets.
- Prepare monthly, quarterly, and annual forecasts.
- Update projections based on actual expenditures, staffing changes, procurement plans, and program activities.
- Ensure budget utilization is optimized throughout the project lifecycle.
- Compiled budget reports for management and project teams to facilitate informed decision-making.
- Monitor grant expenditures against donor-approved budgets.
- Ensure expenses comply with donor regulations and organizational policies.
- Guided partner organizations and consultants in upholding funder policies.
- Monitor performance against contract requirements.
- Present financial information in a clear and actionable format.
- Evaluated project costs and spending trends, proposing process improvements for better financial management.
EXECUTIVE-FINANCE & COMMERCIAL HO
VOLTAS LIMITED
Mumbai
12.2022 - 08.2024
- PREPARING PAN INDIA MIS OF REBATE CREDIT NOTES ISSUED & PENDING FOR ISSUANCE.
- Prepared and analyzed monthly pan India MIS, including sales performance trackers for Voltas & Voltbek products and channel partner turnover gross margin analysis.
- Prepared monthly credit note provisions and uploaded into the system to ensure accurate financial reporting.
- Coordinated with branches to ensure timely monthly booking of all rebate credit notes, improving accuracy of financial records.
- Reviewed outstanding customer accounts across India, targeting high-value overdue customers and coordinating with branches for timely resolution.
- Coordinated with corporate finance and branches to resolve outstanding issues.
- Conducted monthly channel finance review and coordinated documentation for approved cases.
- Generated reports on channel partner locations and their pending percentages related to virtual code implementation.
- Reconciled experience zone centre and web lounge, ensuring all issues were resolved with necessary adjustments.
AUDIT ASSISTANT
NATVARLAL VEPARI & COMPANY
Mumbai
11.2019 - 12.2022
- Prepared data and reports for audits, facilitating thorough evaluation of financial practices.
- Conducted tests on financial documents and reports to ensure accuracy and compliance with regulatory requirements.
- Compiled and finalized comprehensive financial statements, ensuring compliance with relevant standards.
- Ensured accuracy of purchases, expenses, and utility bills by cross-referencing with accounts.
- VOUCHING & RECONCILIATION OF BANK PAYMENTS & CASH BOOK.
- Reviewed and verified various Management Information System reports for accuracy.
- Compiled checklist for PF, PT, ESIC, TDS, and GST compliance.
- Conducted reconciliation of 26AS and scrutinized general ledger and stock liabilities.
- Verified foreign exchange account and calculated gains or losses for reporting.
[CUSTOMER CARE & COLLECTIONS OFFICER]
INDIABULLS VENTURES LTD
Mumbai
02.2018 - 11.2019
- Assisted customers with personal loan disbursement through 'Dhani App', ensuring a smooth online experience.
- Guided customers through loan process via telephonic communication in CRM, improving customer comprehension of loan terms.
- Coordinated KYC verification with operations department, expediting customer onboarding process.
- Analyzed customer data in CRM, informing strategic enhancements to management approaches.
Education
BACHELOR OF COMMERCE -
SYDENHAM COLLEGE OF COMMERCE & ECONOMICS
Mumbai01-2017
HIGHER SECONDARY EDUCATION -
SYDENHAM COLLEGE OF COMMERCE & ECONOMICS
Mumbai01-2014
SECONDARY EDUCATION -
ST JOSEPH'S HIGH SCHOOL
Mumbai01-2012
Skills
- Budget Tracking
- Financial Modeling
- Financial forecasting
- Variance analysis
- Data Analysis
- MS Advanced EXCEL
- SAP
- WORKDAY
- Asana
- Project Management
- Analytical Thinking
- LEADERSHIP
- COMMUNICATION SKILLS
- Stakeholder Engagement
- MS WORD
- MS POWERPOINT
LANGUAGES
ENGLISH-PROFICIENT, HINDI-PROFICIENT, MARATHI-PROFICIENT
HOBBIES
PLAYING FOOTBALL, PLAYING INDOOR SPORTS, LISTENING TO MUSIC
Timeline
SENIOR ASSOCIATE-BUDGET ANALYST
INDIA RESOURCES TRUST (WORLD RESOURCES INSTITUTE INDIA)
04.2026 - Current
ASSOCIATE-BUDGET ANALYST
INDIA RESOURCES TRUST (WORLD RESOURCES INSTITUTE INDIA)
08.2024 - 03.2026
EXECUTIVE-FINANCE & COMMERCIAL HO
VOLTAS LIMITED
12.2022 - 08.2024
AUDIT ASSISTANT
NATVARLAL VEPARI & COMPANY
11.2019 - 12.2022
[CUSTOMER CARE & COLLECTIONS OFFICER]
INDIABULLS VENTURES LTD
02.2018 - 11.2019
BACHELOR OF COMMERCE -
SYDENHAM COLLEGE OF COMMERCE & ECONOMICS
HIGHER SECONDARY EDUCATION -
SYDENHAM COLLEGE OF COMMERCE & ECONOMICS
SECONDARY EDUCATION -
ST JOSEPH'S HIGH SCHOOL