Principal - Attest - Assurance - CA

Designation: Principal (Attest) - Assurance Department

Industry Type - Accounting/Finance

Functional Area - Audit

Qualification - Qualified CA

Experience - 10+ years (post qualification)

Reporting to - Partner / Senior Partner

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

- XBRL

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:

Operations:

- Quality and timely delivery of all the attest work mentioned above

- Internal SOP's and methodology to be kept updated

- Implementation of auditing and other related standards

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 Companies Act 2013, Accounting standards, Auditing standards, Tax laws, IFRS and US GAAP

- 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

- Developing the domestic and geographic market

- Increase visibility in the domestic and international markets

Administration:

- 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 :

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

- Specialist knowledge of 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 audit experience

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

- BFSI experience - Stat, internal and concurrent

- Certification work including remittance certificates

- Limited Review

- Tax Audits

XBRL

- Proven supervisory / leadership abilities

- Excellent written and spoken communication skills including legal/technical drafting

- Very good interpersonal skills and good analytical / process skills.