Assurance ( Non Attest ) - Principal - Reputed Mid - Sized CA Firm

  • Mumbai
  • Confidential
  • 8-13 years
  • 20 May 2015

  • Finance/ Accounts

  • Accounting/ Taxation/ Audit
Job Description

The Principal shall have to run the practice as an independent division, creating a vision for the division and planning for its long term growth.

The work under the assurance division consists of the following:

Internal control review of companies (SMEs and large companies)/Business process review
Financial internal audit
Internal audit co-sourcing
SOP preparation
Business process engineering/re-engineering
Risk management (Capital adequacy, Basel III Norms)
FCPA or UK Bribery Act Compliance review
Information Technology General Control Review (ITGC)
ERP implementation review
License software review
Fraud risk management

Functions to be performed:

His / Her role will also include:

Quality and timely delivery of all the attest work mentioned above
Internal SOPs and methodology to be kept updated
Implementation of auditing and other related standards
Internal risk management
Project monitoring
Strengthen the technical base of the practice
Organize seminars and preside as speaker at seminars/conclaves
Increase the practice visibility as a member firm in the international network with which we have an affiliation
Release alerts regularly
Attending/reviewing presentation of the audit committee
Have complete understanding and exposure of SOX, Basel III norms, COSO framework, risk management framework
Have an understanding of SAP, Oracle framework
Develop other branches
Develop a training module for staff and ensure that the same is adhered to
Organize and undertake all trainings like technical trainings, soft skills trainings etc.

Peer Review:
Final check on:
quality of delivery
application of service delivery methodologies

Sales and Marketing:
Aligning firm marketing policy to the service vertical
Existing client mining
Cross service vertical client mining
Developing and maintaining client relationships
Updating collaterals, flyers, brochures etc
Increase visibility in the domestic and international markets by releasing alerts,speaking in forums, presiding on committees etc.
Increasing the visibility of the practice within firm
Develop the Pricing strategy
Organize webinars and trainings
Leads generation, attending enquiries and client meetings, proposal preparation and review etc
Ensure preparation and updation of the MIS of all BD meetings
Execution of business plan at firm level
New product development

Practice Administration:
Lead and proposal management
Planning & scheduling of engagements and staff
Engagement profitability
Billing & Collection
Preparation of Budgets for the Practices
Budget V/s Actual comparison and analyze the reasons
Revision in fees

People Management:
Staff appraisals and increments
Ensure roles and responsibilities are identified for the team and an active role in interviewing and selecting candidates
Building teams

Employee Retention:
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,
Building of team morale and motivate people in the team and firm
Ensure that open communication channels are maintained within the practice
Address issues at emotional / infrastructural level at work being faced by teams, take responsibility for team building and motivation of teams
Identifying training needs of teams and assist in skill building where deficiencies are identified
Ensure on-boarding and process training happens for new employees
Perform timely appraisal and provide balance between firm and employee aspirations
Develop and create leaders within the department

Crisis Management:
Resolve by providing upfront solutions under engagement / practice crisis situations

Desired Candidate Profile

Exposure to the following areas is essential:
Internal compliance review domain knowledge of different industries
Auditing standards knowledge
Train on internal compliance review
Assertive with situational based approach
SOX attestation/readiness review
Knowledge of/exposure to the following areas will be an added advantage

COSO framework knowledge
International exposure
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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