Summary
Overview
Work History
Education
Skills
Certification
Languages
Accomplishments
Timeline
Generic
Mayank Bajaj

Mayank Bajaj

Udaipur

Summary

Audit and financial reporting professional with almost three years of experience in the Financial Services sector, specializing in hedge funds, private equity, and investment partnerships, along with not-for-profit engagements. Proficient in US GAAP, ASC 946, PCAOB standards, and Uniform Guidance (2 CFR 200), with a solid track record in investment valuation, revenue recognition, and internal control assessments. Aiming to leverage technical expertise and risk-based testing skills to enhance regulatory compliance and support complex financial and NFP projects.

Overview

7
7
years of professional experience
1
1
Certification

Work History

Senior Associate

Sax India LLP
Mumbai
10.2024 - Current
  • Lead audit engagements for U.S.-based not-for-profit organizations, specializing in single audits (Uniform Guidance 2 CFR 200), major program testing, compliance audits, and risk assessment of federal awards and government grants.
  • Conduct end-to-end revenue recognition and accounts receivable testing, including contribution revenue, exchange transactions, and government funding streams, ensuring compliance with applicable U.S. GAAP and donor restrictions.
  • Serve as in-charge and team lead, overseeing associates and coordinating with cross-functional teams to meet client deadlines and quality expectations, as per engagement requirements.
  • Provided technical training and mentoring to India-based staff on not-for-profit industry standards, single audit procedures, and compliance requirements, enhancing team capability and audit quality.
  • Partnered with Quality Control (QC) to enhance product quality standards, streamlining the development and implementation of standardized work paper templates for contributions, government grants, accounts receivable, and other substantive audit areas, driving consistency, efficiency, and compliance across engagements.

Audit Financial Consultant

EisnerAmper India Consultants Pvt. Ltd., Mumbai
Mumbai
09.2022 - 09.2024
  • Led end-to-end audit engagements for hedge funds, private equity funds, and U.S.-based not-for-profit organizations, including planning, execution, and completion in accordance with U.S. GAAP, ASC 946, Uniform Guidance (2 CFR 200), and applicable regulatory requirements.
  • Deliver audit services for hedge funds and private equity funds, including accurate testing of management fees, performance allocations, and carried interest structures. Perform valuation and investment testing for Level 1 and Level 3 securities, along with complex realized gain/loss calculations involving multi-way pair-offs, reorganizations, and transaction-level reconciliations.
  • Participated in a Single Audit and major program testing for not-for-profit clients, ensuring compliance with Uniform Guidance and federal funding requirements.
  • Assisted in the audit of Not-for-Profit (NFP) entities, focusing on compliance audits, revenue testing, accounts receivable validation, and program-specific grant testing in line with donor and regulatory requirements.
  • Conduct comprehensive walkthroughs of key processes to evaluate the design and operating effectiveness of internal controls, identify control gaps or material weaknesses, and communicate findings through formal Internal Control Deficiency Letters in accordance with audit standards.
  • Managed teams of staff and interns across audit engagements, providing technical guidance, mentoring, and performance feedback aligned with engagement objectives.

Articled Assistant

Khanduja and Associates, Chartered Accountants, Udaipur
Udaipur
08.2021 - 12.2021
  • Engaged in domestic income tax return filing and tax audit report preparation.
  • Assisted in the preparation of audit reports for corporate and non-corporate clients.
  • Managed a team of articled assistants, overseeing corporate and individual income tax returns.
  • Updated knowledge on Indian Accounting Standards (IND AS) and the Standard on Auditing for the audit of listed companies.

Articled Assistant

Sampati Lal Bohara & Co., Chartered Accountants, Udaipur
Udaipur
08.2018 - 08.2021
  • Engaged in domestic income tax return filing and tax audit report preparation.
  • Assisted in the preparation of audit reports for corporate and non-corporate clients.
  • Managed a team of articled assistants, overseeing corporate and individual income tax returns.
  • Updated knowledge on Indian Accounting Standards (IND AS) and the Standard on Auditing for the audit of listed companies.
  • Conducted comprehensive bank audits, which involved several critical tasks, including Cash Testing, NPA (Non-Performing Assets) Testing, and Third-Party Stock Verification.
  • Led an audit team for internal audits in the UAE, evaluating internal controls, and conducting physical verifications.
  • Experienced in assuming responsibility for overseeing a team of articled assistants handling corporate and individual domestic income tax returns, as well as being involved in preparing audit reports 3CA, 3CB, and 3CD.
  • Conducted statutory and tax audits, which encompassed site visits, financial statement analysis, and the filing of reports for both corporate and non-corporate clients.
  • Prepared Cost-Benefit Analysis (CBA) Reports for management decision-making.
  • Developed a training program for articled assistants on cost-benefit analysis (CBA) reports, improving their analytical skills and report preparation efficiency.
  • Successfully executed statutory and tax audits, guaranteeing adherence to all regulatory requirements and standards for optimal compliance.
  • Recognized for exceptional performance in executing complex calculations and handling client communications effectively.

Education

Bachelors of Commerce -

Mohanlal Sukhadia University
Udaipur
01.2017

Chartered Accountant (CA) -

ICAI (Institute of Chartered Accountants of India)
India

Skills

  • Leading audit engagements
  • Reporting and scheduling audits
  • Nonprofit sector experience
  • Private equity and hedge fund experience
  • Financial Services
  • Compliance with US GAAP standards
  • Assessment of internal controls
  • Analysis of findings and recommendations
  • audit procedure execution
  • effective revenue recognition
  • detailed financial statement analysis
  • collaborative quality control initiatives

Certification

Certified course of Advanced MS - Excel and Tally ERP9 at Udaipur Chamber of Commerce and Industry (UCCI).

Languages

Languages Known: English, Hindi

Accomplishments

  • Represented Rajasthan in national-level cricket tournaments for under-14, under-16, and under-19 categories sanctioned by the Board of Control for Cricket in India (BCCI), maintaining participation over three consecutive years.
  • Gained practical experience in internal audit while working in the UAE
  • Actively volunteered for programs organized by the Program Organizing Unit of CIRC (Central Institute of Road Transport)

Timeline

Senior Associate

Sax India LLP
10.2024 - Current

Audit Financial Consultant

EisnerAmper India Consultants Pvt. Ltd., Mumbai
09.2022 - 09.2024

Articled Assistant

Khanduja and Associates, Chartered Accountants, Udaipur
08.2021 - 12.2021

Articled Assistant

Sampati Lal Bohara & Co., Chartered Accountants, Udaipur
08.2018 - 08.2021

Bachelors of Commerce -

Mohanlal Sukhadia University

Chartered Accountant (CA) -

ICAI (Institute of Chartered Accountants of India)

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Mayank Bajaj