Assurance Senior, Asset Management
About the role
Asset Management And Private Equity Funds AuditorBDO's Asset Management and Private Equity Funds practice is a dynamic and rapidly growing practice nationwide, focused specifically on private equity funds, venture capital funds, fund of funds, small business investment companies (SBICs), business development companies (BDCs), real estate funds and other alternative investment vehicles.
Job Duties:
- Control Environment Applies knowledge of transactional flow and key transactional cycles to complete audit work
- Documents, validates and assesses the design and operating effectiveness of the clients' internal control system
- Identifies and communicates suggested improvements to client internal controls and accounting procedures in an effort to reduces risk within the client organization
- Supervises and reviews the work of audit staffGAAP Communicating financial statement disclosure requirements to clients
- Drafting complex sets of financial statements with disclosures
- Recognizing and applying new pronouncements to client situations
- Identifying, analyzing and discussing alternative generally accepted accounting principles with the Manager, Senior Manager and engagement partner and the client, as needed
- Identifying complex accounting issues and brings them to the attention of superiors for resolution
- Coaching less experienced team members in new areasSEC and PCAOB Reading and reviewing clients' SEC filings, ensuring accuracy and completeness, and also ensuring that all financial information is documented in the workpapers and through appropriate testing
- Preparing required communications to the Client and the Audit Committee
- Planning and executing Section 404 internal control audits including obtaining an understanding of the control environment, designing test plans, evaluating deficiencies and assessing the overall financial reporting control environmentGAAS Formulating and communicating the audit plan
- Applying GAAS to a variety of complex issues and consults others as appropriate
- Employing audit skepticism and determining when to reduce or expand testing
- Utilizing BDO audit manuals as appropriate for the situation; Documenting deviations from BDO policy, with approval
- Methodology Coordinating the day-to-day conduct of the audit plan by ensuring the field work is executed and completed as planned, in accordance with timetable, with Firm's policies and procedures and within budget
- Applying BDO audit approach and methodologies, including tools and technology, to execute the audit
- Identifying and proposing outcomes to critical issues
- Research Utilizing of internal and external research tools and selecting methodology for routine research requests
- Researching complex areas of accounting, forming an initial opinion on the correct treatment independently and considering and documenting the impact on the client and audit engagement
- Documenting and organizing complicated findings in a usable format, based on information obtained from Accounting Research Manager, BDO Assurance Manual, Yahoo Finance, etc
- Assisting the engagement manager with gathering appropriate information about the business and information system, including the accounting system, to form an adequate basis for the preparation of the audit strategy
- Developing the draft Audit Engagement Planning Memorandum, audit programs and budgets
- Collaborating with the engagement manager to establish the responsibilities of individual audit staff for specific areas of audit work
- Other duties as required
Supervisory Responsibilities:
- Provides verbal and written performance feedback to Audit Associates
- Supervises the work assignments of Audit Associates within assigned engagement team
- Qualifications, Knowledge, Skills and Abilities:
Education: Bachelor's degree in Accounting, required
Master's degree in Accountancy, preferred
Experience:
Two (2) or more years of experience in auditing asset managers/onshore/offshore fund vehicles and have gained experience in industry relevant regulations, required One (1) or more years of prior supervisory experience, preferred
License/Certifications: CPA, preferred
Actively pursuing completion of CPA licensing, required
Software:
Proficiency in Microsoft Office Suite, specifically Word, Excel, and PowerPoint. preferred Prior experience with various assurance applications and research tools, preferred
Language: N/AOther Knowledge, Skills & Abilities:
- Solid understanding and experience planning and coordinating the stages to perform an audit of a basic public and/or private company
- Knowledge of internal accounting controls and professional standards and regulations (GAAP, GAAS, Sarbanes-Oxley, etc)
- Strong verbal and written communication skills with the ability to adapt style and messaging to effectively communicate with professionals at all levels both within the client organization and the firm
- Ability to successfully multi-task while working independently and within a group environment
- Superior analytical and diagnostic skills and ability to break down complex issues and implementing appropriate resolutions
- Capable of working in a demanding, deadline driven environment with a focus on details and accuracy
- Solid project management skills
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.
Massachusetts Range: $81,500 - $90,000 New Jersey Range: $81,500 - $90,000 NYC/Long Island/Westchester Range: $87,000 - $100,000
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