Assurance - Manager/ Sr. Manager (Attest)

  • Mumbai
  • Confidential
  • 6-10 years
  • 13 Feb 2015

  • Audit and Assurance

  • Accounting/ Taxation/ Audit
Job Description

Work Type :

The work under the assurance division consists of the following:

Statutory Audit of Companies / Firms / Banks etc.
Audit of Government Companies appointed by the CAG
IFRS Convergence
Group reporting
US GAAP conversion from Indian GAAP
Concurrent audit of Banks, large forex and investment divisions only
BFSI experience Stat, internal and concurrent
Certification work including remittance certificates
Limited Review
Tax Audits
Audit Committee presentation
Accounting opinions

Functions to be performed :

The execution role of the Assurance Manager/Sr. Manager would be to finalize the above mentioned audits and reviews. His / Her role will also include:

Peer Review : Final check on:

o quality of delivery
o application of service delivery methodologies

Practice development :

o Implementing and maintaining service delivery methodologies
o Ensuring uniform audit practices across the firm
o Updation of manuals and methodologies keeping in the mind the dynamic environment
o Uniform implementation of Auditing Standards across the firm
o Developing methodologies for new areas practices
o Standardization of procedures for existing work
o Preparing partners meeting presentation
o Preparing for regular Partner manager meeting
o Planning for all audit clients and coordination with other departments
o Monitoring Project management for all clients within audit
o Research updation
o Technical support to own and other practices
o Knowledge management
o Implementation of software tools for audit
o Releasing alerts on regular basis

Administration :

o Planning & Scheduling of engagements and staff
o Engagement profitability
o Billing & Collection
o Preparation of Budgets for the Practices
o Budget V/s Actual comparison and analyze the reasons
o Preparation of Business Plan for the Practice
o Business development
o Client relationships
o Relationships are properly maintained
o Quality of delivery
o Timeliness of delivery
o Revision in fees
o Regular meetings with clients
o Pricing strategy
o New products
o Presentations
o Sales materials
o Sales pitches
o Review of Flyers
o Proposals
o Pipeline management
o Engagement acceptance terms

Training :

o Developing a training module for staff and ensuring that the same is adhered to
o Induction training
o Staff training on technical matters
o Soft skill training for staff
o Outside training at seminars

Resource Management:

o Staff Appraisals
o Interviews
o Training
o Increments
o Proper Job descriptions based on the work being handled
o Building teams

Employee Retention :

o Review of efficient and effective planning, selection and team management of all resources throughout the year including temporary resource redeployment within team / with other departments,
o Building of team morale and motivate people in the team and firm,
o Address issues at emotional / infrastructural level at work being faced by teams, take responsibility for team building and motivation of teams
o Identifying training needs of teams and assist in skill building where deficiencies identified,
o Ensure on-boarding and process training happens for new employees
o Perform timely appraisal and provide balance between firm and employee aspirations
o Develop the next manager, and other subordinates for the next levels

Crisis Management:

o Resolve by providing upfront solutions under engagement / practice crisis situations.

The following experience & skill sets are desired in an applicant:

6+ years experience in/exposure to the following areas is essential

o Specialist knowledge of Statutory Audit of Companies / Firms / Banks etc.
o Audit of Government Companies appointed by the CAG
o IFRS Convergence
o Group reporting
o US GAAP conversion from Indian GAAP
o Concurrent audit of Banks only large forex and investment divisions only
o BFSI audit experience

Knowledge of/exposure to the following areas will be an added advantage

o BFSI experience - Stat, internal and concurrent
o Certification work including remittance certificates
o Limited Review
o Tax Audits

Proven supervisory / leadership abilities:

Excellent written and spoken communication skills including legal/technical drafting
Very good interpersonal skills and good analytical / process skills.

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