Principal - Assurance Services - Audit Firm

Principal - Assurance Services - Reputed audit firm

The Principal will manage and run the entire gamut of assurance services which includes top level review, people management, crisis management, client management etc. As a senior leader, the candidate will have the opportunity to continuously develop and design robust mechanisms for effective productivity with people management being key.

Role specific skillsets :

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 o 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 the firm has 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 other branches of the firm

- 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

- Increasing the visibility of the practice within the firm

Administration :

- Planning & Scheduling of engagements and staff

- Engagement profitability o 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

The following attributes are desired in Candidates applying for this Position :

- The ideal Person would be a Chartered Accountant with a 10+ years experience in Assurance Services

- Preference for candidates from Big 4 / reputed mid sized audit firms

- Should have been working in a Managerial capacity for a minimum of 4-5 years now.

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 o 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

- Strong Practice management skills

- Proven supervisory / leadership abilities

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

- Very good interpersonal skills and good analytical / process skills

Following are key attributes of someone in this role :

- Commercial Awareness: Able to understand the key business issues that affect profitability and growth of an enterprise and takes appropriate action to maximise success.

- Customer Service: Exceeding customer expectations by displaying a total commitment to identifying and providing solutions of the highest possible standards aimed at addressing customer needs.

- Diversity: Treats all individuals with respect, responds sensitively to differences and encourages others to do likewise.

- Independence: Actions based on own convictions rather than on a desire to please others. Is prepared to challenge others and has the courage to stand up for what they believe to be right.

- Interpersonal Sensitivity: Awareness of other people and environment and own impact on these. Actions indicate a consideration for the feelings and needs of others, (but not to be confused with 'sympathy').

- Leading People: Motivates, enables and inspires others to succeed, utilising appropriate styles. Has a clear vision of what is required and acts as a positive role model.

- Openness to Change: Proactively supports change and effectively adapts his/her approach to suit changing circumstances or requirements.

- Organisational Collaboration: Capacity to perceive the impact and implications of decisions and activities on other parts of the organisation. Actions taken are focused on the organisation. Working with others towards a common purpose.

- People Development: Developing the skills and competencies of subordinates through training and development activities related to current and future jobs.

- Strategic Perspective: Takes account of a wide range of longer-term issues, opportunities and contingencies. Identifies the means of implementing plans in line with the vision and direction.

Preference for candidates currently based in Gurugram/ NCR region.