Principal - Attest - BFSI

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 SOPs 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 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

- 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

Core Competencies:

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 focussed 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.

Industry Type

Accounting, Finance

Functional Area

Accounts, Finance, Tax, Company Secretary, Audit

Role

Head / VP / GM-Finance / Audit

Desired Candidate Profile

UG : B.Com - Commerce

PG : CA

Doctorate : Doctorate Not Required

To be tailor-fit for the above skillsets, you need to be/have,

Qualified Chartered Accountant with 9-13 years of post qualification experience in audits with reputed consulting firms.

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

- Ability to engage with mid and senior management on clients side;

- Ability to handle dynamic situations and changing client needs;

- Strong analytical skills.

Personal qualities:

- Personality that inspires trust and confidence;

- Collaborative;

- Assertive;

- Strong team player;

- Excellent communication and interpersonal skills;

- Strong service orientation;

-Solution orientated.