forecast accuracy achieved across rolling monthly models
Finance · Strategy · Financial Modelling
Karan Nirmal
Finance & Strategy Analyst with 2 years of Deloitte experience.
Experience across finance transformation, real estate development modelling, forensic & financial crime, transaction-oriented analysis, forecasting, project viability, month- and year-end close, and senior stakeholder reporting for UK and Australia engagements.
MODEL / DECISION SUPPORT
Forecast horizon15 yrs
Mixed-use projects3
Lease schedules5
Drivers→Schedules→3 Statements→Decision
Forecast accuracy98%rolling monthly models
Legacy reconciliation10 yrsbacklog addressed
Deloitte experienceUK & Australia exposureFinancial modellingStrategy & transactionsForensic analysis
01 / PROFILE
Turning complex financial information into decision-ready analysis.
I work across financial modelling, forecasting, project viability, finance transformation and transaction research. My approach is to structure the business drivers first, build the financial logic second, and then communicate the output in a way senior stakeholders can use.
of forecast variance drivers identified for senior leadership
of unreconciled VAT balances investigated and resolved
volunteers led through university and social-impact initiatives
02 / EXPERIENCE
Professional experience
Deloitte.
01
Bengaluru
Financial Analyst
Finance Transformation & Strategy · Deloitte South Asia LLP
- Built a 15-year UK real estate development model across 3 mixed-use projects, forecasting residential, office, and retail delivery.
- Developed detailed revenue and cost schedules covering unit sales, hard costs, soft costs, contingency, WIP, and development inventory.
- Integrated debt, interest, depreciation, tax, and project schedules into a fully linked three-statement financial model.
- Developed lease schedules across 5 real estate projects, modelling rental income, lease commencement, occupancy, and related cash flow impacts.
- Built rolling monthly forecasting models across 2 business units for a UK real estate client, improving forecast accuracy to 98%.
- Delivered monthly budget-vs-forecast and variance analysis, identifying drivers behind ~30% of forecast variance.
- Performed account reconciliations and Oracle R12 cost-card reporting to support close-cycle reporting and data accuracy.
- Led VAT reconciliation for a UK real estate entity, resolving 10 years of unreconciled balances with senior UK leadership.
02
Mumbai
Executive
Strategy, Risk & Transactions · Deloitte Touche Tohmatsu India LLP
- Conducted corporate and financial research across companies, industries, competitors, and market trends.
- Performed company-level analysis covering financial performance, ownership structure, business operations, and key risks.
- Supported due diligence through financial reports, company filings, and public databases.
- Analyzed revenue, profitability, margins, debt, and growth trends to identify key business insights.
- Prepared research reports and management presentations summarizing findings, financial analysis, and potential business risks.
- Used Excel to organize, analyze, reconcile, and present large datasets for business and financial analysis.
03 / SELECTED WORK
Financial modelling & analytical work
Presented at a high level. Client names, project identifiers, commercially sensitive assumptions and confidential source data are intentionally excluded.
DEVELOPMENT MODELLING
15-Year Mixed-Use Development Model
Built an integrated development model spanning residential, office and retail delivery, with linked project, financing, tax and accounting schedules.
15year horizon
3mixed-use projects
3financial statements
Unit salesHard costsSoft costsContingencyWIPDebtTax
MODEL ARCHITECTUREIllustrative / sanitized
01Project DriversDelivery · Rent · Sales
→
02Operating SchedulesRevenue · Cost · WIP
→
03FinancingDebt · Interest · Tax
→
043 StatementsP&L · BS · Cash Flow
Five-Project Lease Schedule
Modelled rental income, lease commencement, occupancy and related cash-flow impacts across multiple real estate projects.
Rolling Forecast & Variance Analysis
Built recurring forecast models and analyzed budget-versus-forecast movements to surface the drivers senior leadership needed to understand.
98%forecast accuracy
~30%variance drivers identified
Corporate & Financial Research
Analyzed financial performance, ownership, operations, industry context and business risks using reports, filings, public databases and structured Excel analysis.
FinancialsOwnershipRisk
Legacy VAT Reconciliation
Led investigation and resolution of a decade of unreconciled balances through account-level analysis and senior UK stakeholder coordination.
10-year backlogresolved
04 / RECOGNITION
Performance recognised.
2025-26
Best Year Ender Award
Deloitte UK · recognised for accelerated performance and contribution
2024-25
Best Performer Award
Deloitte India
200+
LEADERSHIP
Head of Department · DLLE
Led 200+ volunteers across social-impact initiatives, cultural events and university-level programmes. Coordinated faculty, external organisations and student teams, and raised ₹30K through community-led fundraising initiatives supporting handmade products produced by local villagers.
05 / EDUCATION
2021 — 2024
Bachelor of Accounting & Finance
Vidyalankar School of Information Technology
Financial AccountingManagement AccountingCorporate FinanceInvestment AnalysisFinancial MarketsAuditing
CAPABILITIES
Financial Analysis
Financial Modelling · Budgeting & Forecasting · Variance Analysis · FP&A · Project Viability · Three-Statement Modelling
Strategy & Transactions
Strategic Analysis · Transaction Support · Risk Assessment · Forensic Analysis · Due Diligence
Finance & Systems
Advanced Excel · TM1 · Oracle R12 · Power BI · Alteryx · Consolidation · Visio
Communication
Senior Stakeholder Reporting · Management Presentations · Strategic Briefs · Pitch Decks
CERTIFICATIONSAdvanced ExcelNISM Financial LiteracyExcel using AI Workshop
06 / CONTACT