Assurance Experienced Senior, Asset Management

Asset Management And Private Equity Funds Practice Experienced Senior

BDO'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. The Assurance Experienced Senior will be responsible for the day-to-day execution of several of our premium asset management clients, including private equity funds and venture capital funds. These duties will encompass the planning, fieldwork execution, and the "wrap-up" phases of the audit. This role reports directly to a Principal and will assist in coordinating with IT, valuation, and tax specialists or in other fields of financial assessment. The Experienced Senior takes the lead in designing and supervising the implementation of the audit approach and in drawing up reports and recommendations. This position advises clients on financial reporting and regulatory developments and keeps up to date with regulatory changes by attending internal and external seminars. The individual in this role will be a part of a highly motivated, diversified team in a rapidly developing sector.

Job Duties

Control Environment

• Applies knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures by :
• Applying knowledge of transactional flow and key transactional cycles to complete audit work
• Documenting, validating, and assessing the design and operating effectiveness of the clients' internal control system
• Identifying and communicating suggested improvements to client internal controls and accounting procedures in an effort to reduces risk within the client organization
• Supervising and reviewing the work of audit staff

GAAP

Applies knowledge and understanding of governing principles, applying these principles to client transactions and documenting and communicating an understanding and application of these principles by :

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, engagement partner, and the client, as needed

Identifying complex accounting issues and bringing them to the attention of superiors for resolution

Coaching less experienced team members in new areas

SEC and PCAOB

Applies knowledge and understanding of SEC regulations and PCAOB guidelines, and documents and communicates the application of these principles by :

Reading and reviewing clients' SEC filings, ensuring accuracy and completeness while 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 environment

GAAS

Applies knowledge and understanding of professional standards, application of the principles contained in professional standards, and the ability to document and communicate an understanding and application of professional standards on an engagement by :

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

Applies knowledge and application of BDO standards to guide effective and efficient delivery of quality services and products by :

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

Applies methodology used to seek or maintain information from authoritative sources and to draw conclusions regarding a target issue based on the information by :

Utilizing 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

Collaborating with the engagement manager to establish the responsibilities of individual audit staff for specific areas of audit work

Project Management

Coordinates timing of planning, fieldwork, and review with audit team and client, assists engagement executives in developing the audit engagement budget, and identifies appropriate resources

Develops the draft Audit Engagement Planning Memorandum, audit programs and budgets

Establishes with the engagement manager the responsibilities of individual audit staff for specific areas of audit work

Monitors and reports engagement budget to actual and advises engagement executives of possible overruns

Other duties as required

Supervisory Responsibilities :

Supervises a team of audit professionals ranging in size from one to five

Provides verbal and written performance feedback to associates

Teaches / coaches associates to provide on the job learning

Qualifications, Knowledge, Skills, and Abilities

Education :

Bachelor's degree in Accounting, required

Master's degree in Accountancy, preferred

Experience :

Three (3) or more years of experience in auditing asset managers / onshore / offshore fund vehicles and experience in industry relevant regulations, required

Prior supervisory experience, preferred

License / Certifications :

Actively pursuing completion of CPA licensing, required

CPA, preferred

Software :

Proficient in the use of Microsoft Office Suite, specifically Word, Excel, and PowerPoint, preferred

Prior experience with various assurance applications and research tools, preferred

Language :

N / A

Other Knowledge, Skills & Abilities :

Solid understanding of 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

Ability to "in-charge" all stages of the audit, including planning, fieldwork, and "wrap-up"

Able to perform the completion of an audit of a complex company

Superior analytical and diagnostic skills and ability to break down complex issues and implementing appropriate resolutions

Ability to work in a demanding, deadline driven environment with a focus on details and accuracy

Strong 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.

NYC / Long Island / Westchester Range : $90,000 - $130,000