Nature Lover
Lalit Bamalwa
Chartered Accountant, ADMA(UK), MBA
H.No 16, Block H, Sushant Lok 3, Sector 57, Gurgaon
Summary
- Chartered Accountant with over 13 years of experience in Big 4 accounting firms, currently serving as an External Audit Manager at Deloitte USI.
- Industry experience - Financial services (Banks and Capital Market), Investment Management, Retail and Commercial clients.
- Led a team of 25+ members at various levels while prioritizing project deadlines and team well-being.
- Experienced in leading group audits and collaborating with UK, US, and EU offices with a strong focus on ensuring compliance with IFRS, UK, and US GAAP.
- Successfully led Centre of Excellence (CoE), showcasing expertise in driving organizational excellence.
Overview
13
13
years of professional experience
10056
10056
years of post-secondary education
2
2
Languages
Work History
Audit & Assurance Manager
Deloitte & Touche AERS India Pvt Ltd
03.2022 - Current
- Performing Primary Review of work papers and getting it directly reviewed by Engagement Partner(s).
- Working on Significant and High Risk areas and actively seeking opportunities to expand scope of work for USI.
- Conducting walkthroughs, design and implementation and operating effectiveness testing for Process level controls and Entity level controls.
- Planning various phases of the support service, such as (i) staff requirements, (ii) monitoring of hours, (iii) skills assessment etc.
- Maintaining contact with clients throughout the year to develop deeper relationships for subsequent audits.
- Providing ongoing training for staff members on best practices in auditing, enhancing their skills by leveraging AI Tools.
- Participating in performance appraisals and acting as a Performance Manager to guide and coach team members.
- Organized social events at USI level on regular basis.
Associate Manager
EY Global Delivery Services India LLP
05.2019 - 03.2022
- Led two Centre of Excellence(s) i.e Sale Purchase Agreement Review and Financial Due Diligence Report Consistency Checks.
- Prepared Outside IN decks (OIDs) for the clients to give a firsthand information about the targets.
- Oversaw and managed day-to-day operations of transaction deals, both buy side and sell side
- Prepared databook(s), report(s) and schedules related to due diligence.
- Had been into a role of a Coach and by providing regular and constructive performance feedback/training to junior team members and conducting performance reviews.
- Oversaw training and onboarding process for all newly hired employees within team.
Audit & Assurance Senior
Deloitte & Touche AERS India Pvt Ltd
07.2015 - 03.2019
- Prepared overall audit plans and work allocation for team members.
- Performed and took complete ownership of primary substantive procedures (major areas - Cash, AR, AP, Revenue, Fixed Assets, Loan file reviews etc.)
- Prepared Comprehensive Report to present at Audit Committee meeting, Operational Flowcharts etc.
- Assisted onshore team in benchmarking process to pitch for new clients.
- Prepared disclosure checklists and took the responsibility archiving the file.
- Executed full fledged Tie outs of 10K/10Q (SEC) and other audit work papers (both front half and back half).
Audit Executive
S R Batliboi & Co. (Member Firm of Ernst & Young)
02.2014 - 07.2015
- Assisted in documenting the execution of specific audit procedures as defined by the engagement objectives, audit client's engagement history, and planned audit approach.
- Performed Concurrent Audit for Tata Steel Limited with major focus on Vendor Invoices and Material Management.
- Prepared audit reports, management letters and summary of findings.
- Major Client(s): TATA Steel Limited, Orissa; Oracle Corporation, Bengaluru; Fortis Hospitals Limited, Kolkata
Executive- Assurance
B S R & Company (Member Firm of KPMG)
08.2013 - 01.2014
- Supported the planning, execution and delivery of assurance engagements.
- Audited the core areas like Sales, Purchases, Trade Payables/Receivables, Fixed Assets etc.
- Performed physical stock verification, cash counts etc.
- Major Client(s): Medica Hospitals Pvt Limited, Kolkata; Phoenix Conveyor Belts India Pvt Limited, Kalyani; Linde India Limited (Formerly known as BOC India Limited), Kolkata.
Fund Accountant - HSS
HSBC Electronic Data Processing India Pvt Ltd
07.2012 - 08.2013
- Involved in preparation of financial statements of Hedge Funds as per applicable IFRS including variance analysis and commentaries.
- Involved in first level review of the Annual Report for Hedge Funds before sending across to auditors.
- Liaised with business partners to communicate information and resolving audit queries in a timely manner.
Education
Executive Leadership Development Programme -
Indian Institute of Management (IIM)
Bangalore 05.2022 - 05.2022
MBA (Intl Business) -
Institute of Chartered Financial Analysts of India
04.2001 - 07.2014
Chartered Accountant -
Institute of Chartered Accountants of India
ADMA(UK) -
Chartered Institute of Management Accountants
United KingdomB. Com -
Delhi University
Higher Secondary -
CBSE
Senior Secondary -
West Bengal
Skills
Quality reviews
External audits
Project management
Staff development
Effective communication
Personal Information
- Date of Birth: 01/15/88
- Marital Status: Married
Achievements/Recognitions
- Received a Spot Award for leading 200+ Volunteers at Impact Day at Deloitte.
- Received Outstanding Award at Deloitte for exceptional performance.
- Core Team Member of Social Events Committee (SECOM) at Deloitte
- Received a Spot award at EY for excellence in client service.
- Received a Value Champion award at EY for contributing to the core values of firm.
Interests
Guitarist
Timeline
Executive Leadership Development Programme -
Indian Institute of Management (IIM)
05.2022 - 05.2022
Audit & Assurance Manager
Deloitte & Touche AERS India Pvt Ltd
03.2022 - Current
Associate Manager
EY Global Delivery Services India LLP
05.2019 - 03.2022
Audit & Assurance Senior
Deloitte & Touche AERS India Pvt Ltd
07.2015 - 03.2019
Audit Executive
S R Batliboi & Co. (Member Firm of Ernst & Young)
02.2014 - 07.2015
Executive- Assurance
B S R & Company (Member Firm of KPMG)
08.2013 - 01.2014
Fund Accountant - HSS
HSBC Electronic Data Processing India Pvt Ltd
07.2012 - 08.2013
MBA (Intl Business) -
Institute of Chartered Financial Analysts of India
04.2001 - 07.2014
Chartered Accountant -
Institute of Chartered Accountants of India
ADMA(UK) -
Chartered Institute of Management Accountants
B. Com -
Delhi University
Higher Secondary -
CBSE
Senior Secondary -
West Bengal