Assurance Experienced Senior

Overview

This role coordinates day-to-day “in-charge” audit responsibilities, including planning, fieldwork, and wrap-up. Responsibilities include preparing financial statements with disclosures, applying relevant GAAP, and documenting, validating, testing, and assessing internal control systems.

The position also serves as a client point of contact for basic questions and information and may support reviews and agreed-upon procedure engagements.

Responsibilities

Control Environment

• Applies knowledge of how collective factors impact the effectiveness of policies and procedures, including risk mitigation.
• Ensures the day-to-day conduct of the audit work, including executing and completing fieldwork as planned, in accordance with the timetable, firm policies and procedures, and budget.
• Applies knowledge of transactional flow and key transactional cycles to complete audit work.
• Documents, validates, and assesses the effectiveness of internal control systems.
• Determines and communicates improvements to client internal controls and accounting procedures.
• Supervises audit staff work, reviews workpapers and conclusions, and explains any shortcomings.

GAAP

• Applies knowledge of governing principles, including documenting and communicating understanding and application to client transactions.
• Understands and communicates financial statement disclosure requirements to clients.
• Identifies and applies new pronouncements to client situations.
• Identifies, analyzes, and discusses alternative generally accepted accounting principles when necessary with the Manager, Senior Manager, and engagement partner.
• Identifies complex accounting issues and escalates to superiors for resolution.

SEC and PCAOB

• Applies knowledge of SEC regulations and PCAOB guidelines, including documenting and communicating application.
• Reads and reviews client SEC filings, ensuring accuracy and completeness and ensuring financial information is supported in workpapers and appropriately tested.
• Prepares required communications to the Client and the Audit Committee.
• Plans and executes Section 404 internal control audit, including understanding the control environment, designing test plans, evaluating deficiencies, and assessing the overall financial reporting control environment.

GAAS

• Applies knowledge of professional standards, including documenting and communicating understanding and application.
• Formulates and communicates the audit plan.
• Applies GAAS to a variety of complex issues and consults others as appropriate.
• Applies audit skepticism and determines when to reduce or expand testing.
• Uses audit manuals as appropriate.
• Documents deviations from firm policy with approval.
• Identifies opportunities to improve internal controls and prepares draft communications required by professional standards.

Methodology

• Applies standards and methodologies that guide effective and efficient delivery of quality services and products.
• Applies audit approach and methodologies, including tools and technology, to execute audits with quality, efficiency, and completeness under deadline pressures.
• Identifies and proposes outcomes to critical issues.

Research

• Uses authoritative sources to draw conclusions on target issues.
• Uses internal and external research tools and selects methodology for routine research requests.
• Researches complex accounting areas independently to form an initial opinion on appropriate treatment and documents the impact on the client and audit engagement.
• Documents and organizes complex findings into a usable format.
• Assists the engagement manager with gathering sufficient appropriate information about the business and information system (including the accounting system) to support audit strategy preparation.

Project Management

• Coordinates timing of planning, fieldwork, and review with the audit team and client.
• Assists engagement executives with developing audit engagement budgets and identifying appropriate resources.
• Develops draft Audit Engagement Planning Memorandum, audit programs, and budgets.
• Establishes with the engagement manager responsibilities for individual audit staff assigned to specific audit areas.
• Monitors and reports engagement budget to actual and advises engagement executives of possible overruns.

Supervisory Responsibilities

• Supervises a team of audit professionals ranging in size from 1 to 5.
• Provides verbal and written performance feedback to associates.
• Teaches/coaches associates for on-the-job learning.

Other Duties

• Perform other duties as required.

Qualifications

Education

• Bachelor’s degree in Accounting, Finance, Economics or Statistics, required
• OR Bachelor’s degree in other focus area and CPA certification, required
• Master’s degree in Accountancy, preferred

Experience

• Three (3) or more years of prior relevant audit experience and/or public accounting, private industry accounting or consulting/professional services experience, required
• Prior basic supervisory experience, preferred

License/Certifications

• Eligible to sit for the CPA exams upon starting employment, required
• Actively pursuing completion of the exams, required
• CPA, preferred

Software

• Proficient with Microsoft Office Suite, preferred
• Experience with assurance applications and research tools, preferred

Knowledge, Skills, and Abilities

• Proven solid verbal and written communication skills
• People development and delegation skills
• Executive presence; ability to serve as the primary contact for the client
• Ability to “in-charge” all stages of the audit, including planning, fieldwork, and wrap-up
• Ability to complete an audit of a complex company
• Ability to prepare and/or review financial statements with disclosures in accordance with GAAP requirements

Compensation & Benefits

Individual salaries are determined after consideration of numerous factors including qualifications, experience, skills, and geography.

California Range: $95,000 - $135,000
Colorado Range: $80,000 - $105,000
Illinois Range: $85,000 - $100,000
Maryland Range: $92,000 - $110,000
Minnesota Range: $80,000 - $92,000
New Jersey Range: $96,000 - $103,000
NYC/Long Island/Westchester Range: $80,000 - $115,000
Ohio Range: $80,000 - $92,000
Washington Range: $85,000 - $105,000
Washington DC Range: $92,000 - $110,000

Benefits may be subject to eligibility requirements.

Location

Ranges listed for California, Colorado, Illinois, Maryland, Minnesota, New Jersey, NYC/Long Island/Westchester, Ohio, Washington, and Washington DC.