Assurance Senior Manager

at BDO USA, LLP in Chicago, Illinois, United States

Job Description

Job Summary:
The Assurance Senior Manager is responsible for developing suggestions to improve client internal controls and accounting procedures as well as advising the client on various economic and regulatory risks in a specific industry field of expertise by identifying financial and non-financial performance measures, formulating and communicating the audit plan, answering complex questions involving GAAP and GAAS and composing technical consultation memos on engagements related to GAAP / GAAS issues.
In this role, the Assurance Senior Manager is charged with marketing, networking, and business development within an area of expertise while maintaining key client relationships and acting as the primary contact for clients regarding complex questions and information. Additionally, the Assurance Senior Manager is a critical part of the offices / region's Assurance leadership team and will be involved in the direct supervision, problem resolution and delegation stages of the overall audit.

Job Duties:
Control Environment:
Applies advanced knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures
Applies an advanced understanding of objectives and components of the overall control environment and organization, and supervisory controls
Validates and assesses effectiveness of internal control over financial reporting
Identifies and communicates to management and audit committee suggestions to improve client internal controls and accounting procedures
Identify and delegates functions of the audit to the auditor in charge as deemed appropriate
Supervise the work of audit team and review workpapers and conclusions preferably onsite during audit field work
Provide on-the-job-training to the engagement staff during audit field work
GAAP:
Applies advanced knowledge and understanding of governing principles; applying these principles to client transactions; and documenting and communicating an understanding and application of these principles
Identifies and consults with clients on the impact of new accounting pronouncements
Presents and discusses alternative application of generally accepted accounting principles and arguments for/against such alternatives
Drafts complex financial statements and related footnote disclosures and effectively communicates these to client
Identifies complex accounting issues and forms and documents resolution, seeking counsel of BDO technical experts as needed
SEC and PCAOB:
Applies advanced knowledge and understanding of SEC regulations and PCAOB guidelines, and documents and communicates the application of these principles
Reviews SEC filings, including MD&A, financial statements and disclosures for appropriateness in form, content, completeness, and accuracy, and ensures that quarterly reviews are properly performed
Reviews required communications to the client and Audit Committee, ensuring their completeness, accuracy and compliance with Firm and professional guidelines
Reviews Section 404 internal control audit work to ensure their completeness and compliance with Firm and professional guidelines
Ensures compliance with engagement independence requirements and consults internally as needed
GAAS:
Applies advanced 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
Applies advanced knowledge of professional standards/practices, including GAAS and PCAOB in performing and supervising work
Provides guidance to others and affirms conclusions made by others
Communicates matters required to be reported to the Audit Committee/Board and those charged with governance
Applies the use of efficiency tools such as statistical sampling, CAATS, etc.
Methodology:
Applies advanced knowledge and application of BDO standards, policies and technology that guide effective and efficient delivery of quality services and products
Conducts detailed review to assure audit is completed in accordance with assurance manual standards
Prepares or reviews required communications to management and audit committees, ensuring timeliness and completeness
Recommends appropriate outcomes to critical issues
Initiates and prepares client acceptance/retention procedures where appropriate
Plans the audit process and oversees the execution of procedures with quality, efficiency, and completeness despite pressures of deadlines
Executes proper BDO methodology including but not limited to proper archiving... For full info follow application link.

All qualified applicants will receive consideration for employment without regard to race, age, color, religion, sex, national origin, disability, protected veteran status, or any other classification protected by law.