MEHUL JETHAVA

• Assisted client in audit readiness process by preparing and finalization of consolidated, as well as standalone, financial statement, including elimination entries and other notes to account.
• Collaborated with cross-functional teams (finance, legal, and operations) to maintain audit-ready documentation, such as position paper, reconciliation, and process tracker.
• Providing support to a government entity by preparing a standardized project dashboard template.
• Learning and developing in Financial and Administrative Delegation Register and Financial Management Practice Manual area for Government Entities.
• Assisting the financial sustainability process by preparing a budget, assessing the current state of the finance system, and providing an implementation roadmap to ensure the sustainable future of the organization.

• Managed fixed assets register ensuring accurate tracking of all additions, disposals, transfers including tracking of asset working in progress (capitalization) account.
• Prepared journal entries for month-end close process and posting in Dynamics 365/Business Central.
• Performed balance sheet reconciliation as a part of month end close process.
• Assist in year end audit process.
• Preparing Australian Accounting Standard amendments memo and present it to the senior stake holders.
• Working on ECL computation and methodology.
• Managing Mission Development Fund (MDF) on behalf of congregation and presbyteries.
• Managing Combine Presbytery Mission Pool (CPMP) and annual return on behalf of congregation and presbyteries.

Audit & Assurance

• Performed comprehensive audits of financial statements in accordance with IFRS.
• Planned, executed, and completed audit engagements for a diverse portfolio of clients in various industries, including manufacturing, retail, and financial services.
• Assessed internal controls and identified areas of risk, inefficiency, and non-compliance.
• Prepared audit reports summarizing findings, providing actionable recommendations for improving financial practices and controls.

Financial Accounting & Reporting

• Handled various GAAP to IFRS conversion assignment and prepared complete set of IFRS/Ind AS financial statement with disclosures focusing majorly on IFRS 1,2,7,9,16 and 17.
• In IFRS 17 Insurance contract, worked on areas such as contract review, level of aggregation, contract boundary, onerous contract, allocation of expenses, review Premium Allocation Approach (PAA) eligibility criteria, prepared entries as per General Measurement Model (GMM) and PAA approach.
• Performed Soley Payment of Principal and Interest (SPPI) and business model assessment to classify and measure the financial assets, prepared and incorporated Expected Credit Loss (ECL) impact into a financials as well as reviewed ECL computations and methodologies.
• Conducted hedge effectiveness testing and documented hedge relationships in compliance with IFRS 9.
• Developed and implemented hedge accounting strategies to mitigate financial risks associated with interest rates, foreign currency exchange rates, and commodity prices.
• Prepared and finalized position paper on various subject and performed GAP analysis on Data, System and Process (DSP).
• Performed qualitative and quantitative analysis of IFRS 16 and support client on presentation, disclosure and GAP analysis on DSP.

Contractor Role in Macquarie Asset Management (MAM) Company

• Worked in month end closing activities (FSCP).
• Worked on internal control review processes.
• Responsible for preparation of fund financials and integration project.

External Audit

• Led and participated in audit engagements for clients across various industries, including manufacturing, retail, financial services, and technology.
• Conducted risk assessments to identify key areas of audit focus and developed tailored audit plans.
• Reviewed and analyzed financial statements and related disclosures for accuracy and compliance with accounting standards.
• Identified and investigated variances, discrepancies, and unusual transactions in financial records.
• Prepared detailed audit reports and presented findings to senior management and audit committees.
• Filed 100+ Income tax returns and provided tax consultancy services.