Statutory Audit ( Attest ) - Principal - Reputed Mid-sized CA Firm

  • Pune
  • 25-40 lakh
  • 8-13 years
  • 20 May 2015

  • Finance/ Accounts

  • Accounting/ Taxation/ Audit
Job Description

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

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 only large forex and investment divisions only
BFSI experience Stat, internal and concurrent
Certification work including remittance certificates
Tax Audits
Accounting opinions

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

o Quality and timely delivery of all the attest work mentioned above
o Internal SOPs and methodology to be kept updated
o Implementation of auditing and other related standards
o Project monitoring
o Strengthen the technical base of the practice
o Organize seminars and preside as speaker at seminars/conclaves
o Increase the practice visibility as a member firm in the international network with which we have an affiliation
o Release alerts regularly
o Attending/reviewing presentation of the audit committee
o Have complete understanding and exposure of Companies Act 2013, Accounting standards, Auditing standards, Tax laws, IFRS and US GAAP
o Develop other branches
o Develop a training module for staff and ensure that the same is adhered to
o Organize and undertake all trainings like technical trainings, soft skills trainings etc.
Peer Review:
Final check on:
o quality of delivery
o application of service delivery methodologies
Sales and Marketing:
o Aligning firm marketing policy to the service vertical
o Existing client mining
o Cross service vertical client mining
o Developing and maintaining client relationships
o Updating collaterals, flyers, brochures etc
o Developing the domestic and geographic market
o Increase visibility in the domestic and international markets
o Increasing the visibility of the practice within firm
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 Revision in fees

People Management:
o Staff Appraisals and increments
o Ensure roles and responsibilities are identified for the team and an active role in interviewing and selecting candidates
o Building teams
o 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:
o Resolve by providing upfront solutions under engagement / practice crisis situations

Desired Candidate Profile

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 advantag:

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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