Utkarsh A. Dhage

Experience

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  P. G. Joshi & Co., Chartered Accountants

  Aug 2018 - Jul 2021

  Articled Assistant

  Direct Taxation•Independently executed Income tax audits of corporates & non-corporates clients engaged in different businesses such as Automotive, Equipment whole seller & retailer, Petrol pump stations & General retailers having turnover ranging from Rs.5 Crores to Rs.50 Crores•Independently prepared & filed Form 15CA (Part A) on behalf of clients having payments of taxable category ranging from Rs.1 Lakhs to Rs.5 Lakhs made to the non-residents•Assisted a client company listed at BSE in preparation of Form 3CEAA (Part A) having a wholly-owned subsidiary located in Russia•Team member for monitoring the accounting as required by Ind AS 103 & tax compliances under the Income Tax Act of the merger of a company listed at BSE with its Indian subsidiaries•Initiated the idea of corporate restructuring for tax planning•Assisted Principal in the matters related to income tax assessments & appealsBusiness Process Reengineering & Process Implementation•Designed and implemented the operating processes of a private company which is engaged in manufacturing CNG fuel, operating CNG Pumps and converting the petrol and diesel vehicles into CNG vehicles•Resolved the problem of Inventory reconciliation & its accounting in the same companyInternal Audit•Led a team of 5 members for 3 quarters for conducting the internal audit of Mines of a Schedule “A” Manirathna company which is engaged in the mining sector and is also listed at NSE•Devised the linkage between the reported manual ore production and payment of wages•Member of the core team for designing the audit program for the internal audit of the Head office of a Public Sector Undertaking company that is engaged in the mining sectorStatutory Audit•Led a team of 4 members for statutory audit, certifications, tax audits, and limited reviews of financial statements of a BSE listed company that is engaged in the FMCG and Infrastructure sector Show less

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  CA Monk

  Dec 2021 - Feb 2022

  Research and Business Development Intern

  •Independently prepared Virtual Internship Programmes for Direct Taxation and International Taxation & Transfer Pricing domains under the guidance of the domain experts.•Led a team of three members for the preparation of Articleship Placement Guides.•Brainstormed with a team of 14 people to bring creative and innovative ideas for developing and designing various contents, courses, live projects, and placement guides for CA students and newly qualified CAs.

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  Wipro Enterprises Limited

  Mar 2022 - now

  • Led implementation of SAP Analytics Cloud (SAC) across international business units, enhancing efficiency and analytics capabilities.• Collaborated with CFO and business heads on annual budget preparation and consolidation. Generated monthly, quarterly, and annual MIS reports for board presentations.• Partnered with treasury team on optimal fund utilization strategies, generating 2-3% additional interest income. Created dashboards for forex exposure and hedging decisions.• Assisted controllership team in timely quarter closures and MIS reconciliations. Optimized operating profit by INR 30-40 Mn through strategic forex recognition and ledger mapping sanitization.• Analyzed promotional expenses to ensure IFRS15 compliance and preserve revenue integrity.• Initiated tax reduction strategies for cross-charged management fees, reducing tax outflow by INR 40-50 Mn.• Supervised controllership for three holding companies, ensuring timely statutory and tax audit closures. Enhanced tax workings, reducing outflow by INR 10-20 Mn.• Conducted brand profitability analysis, managed non-routine transactions, and streamlined weekly sales reporting and MIS data consolidation. Show less • Conducted detailed financial analysis for purchase price allocation, ensuring accurate asset and liability valuation.• Developed comprehensive cash flow forecasts, aligning projections with strategic objectives and operational plans.• Collaborated with cross-functional teams to create an annual operating plan, incorporating new segment targets and integration milestones.• Led ledger mapping harmonization, aligning acquired company's records with Wipro’s chart of accounts for consistent financial reporting.• Automated MIS report preparation, streamlining processes for timely and accurate reporting per Wipro’s standards.• Prepared initial quarterly financial statements for the acquired entity, ensuring compliance with regulatory standards.• Reviewed and harmonized SOPs and policies with Wipro’s frameworks for seamless integration and operational efficiency.• Resolved due diligence issues, mitigating risks and ensuring smooth integration.• Chartered and executed additional M&A integration activities, contributing to overall project success.• Acted as a liaison between acquired company's management and Wipro’s executive team, facilitating effective decision-making. Show less • Reviewed HR and payroll processes, ensuring compliance with major laws and recommending improvements.• Optimized attendance regularization process, reducing payroll cost risks by 1% and eliminating unproductive reconciliation efforts.• Scrutinized payment system for contractual workers, recommending master data changes for accurate accounting and efficient invoice reconciliation.• Performed P2P process walkthrough, leading to a ~13% improvement in on-time vendor payments and ensuring MSMED Act compliance.• Analyzed major financial line items, identified 3% under-provisioning for employee loans and advances, and recommended policy implementation for employee advances. Show less

  • Financial Planning & Analysis (Consumer Care Internationals)

    Feb 2023 - now

  • Senior Finance Executive (Global Financial Leadership Program)

    Mar 2022 - Apr 2023

  • M&A Associate

    Nov 2022 - Jan 2023

  • Internal Auditor

    Mar 2022 - Oct 2022
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  CA Monk

  Apr 2022 - now

  Mentor