Senior FAAS - Assurance

The Opportunity

We're looking for an incumbent who is competent enough to lead projects that provide advisory services specially accounting change and GAAP conversion for IFRS/US GAAP.

As part of our EY GDS Assurance Team, the individual will be responsible for working closely with FAAS Managers and Senior Managers on client engagements across Americas, EMEIA or APAC.

Your Key Responsibilities:

• Manage quality of service delivery.
• Ensure quality in delivering client service by directing daily progress of fieldwork, informing Supervisors of engagement status.
• Follow through on client requests in a timely fashion, and manage expectations regarding the timing of deliverables and reports.
• Explain the client's critical success factors to the engagement team.
• Work directly with the onshore engagement team on a daily basis to deliver work to onshore clients.
• Demonstrate a good understanding of accounting concepts, stay informed of professional standards and updates thereon, and effectively apply this knowledge to moderately difficult and/or complex client situations.
• Identify engagement and client service issues.
• Research and benchmark client data to industry data.
• Apply independent and objective professional judgment in applying accounting standards to meet engagement expectations, including regulatory requirements.
• Coordinate with onshore technical accounting teams to understand their accounting issues and provide research assistance on an as-needed basis on U.S. GAAP and IFRS accounting pronouncements.
• Demonstrate knowledge on special accounting matters, new accounting pronouncements, technology-oriented solutions driven by accounting as a functional expertise.
• Primary responsibility for project managing in connection with transactions, ensuring relevant deal information flow and appropriate coordination between legal and the other cross-functional deal team members.
• Customize each presentation to the acquisition's specific attributes.
• Work on a variety of corporate finance transactions in all stages, from initial client pitches to transaction closing.
• Receive direction from the Manager, Senior Manager and Partner.
• Be responsible for decision-making, optimizing processes, resource management, and overseeing team management as needed for task execution.
• Be accountable for allocating personnel, supervising team members, assigning tasks, ensuring that the team has the necessary tools and support to succeed in their roles, and optimizing and evaluating their performance to meet organizational goals.

Skills and attributes for success:

• Good understanding of IFRS/US/UK GAAP, GAAP conversion, and international auditing standards.
• Coordinate with onshore technical accounting teams to understand their accounting issues and provide research assistance on an as-needed basis on U.S. GAAP and IFRS accounting pronouncements.
• Primary responsibility for project management in connection with project role and responsibilities, ensuring relevant information flow and appropriate coordination between cross-functional team members within the finance function.
• Work on a variety of GAAP conversion and accounting matters through all stages, from initial client pitches to audit closing.
• Work on data analysis, research, and updates relating to accounting standards and regulations.
• Prepare comprehensive documentation outlining the conversion process and adjustments made.
• Work closely with senior analysts and managers to ensure accurate conversion processes.
• Identify and resolve discrepancies or issues in the GAAP conversion process and communicate the same to Managers in an effective and timely manner.
• Participate in training sessions and professional development opportunities to enhance knowledge of GAAP and related standards.
• Strong written and verbal communication, presentation, and technical writing skills.
• Ability and comfort level in researching client inquiries and emerging issues, including regulations, industry practices, and new technologies.
• Flexibility and willingness to travel on short notice, as necessary.
• Working experience in relation to the following services/solutions:
• GAAP conversion engagements at least from IFRS and US GAAP and vice versa (end to end).
• Implementation of new accounting standards specially IFRS/US GAAP, minimum IFRS 15/ASC 606, IFRS 16/ASC 842, IFRS 9/ASC 825, ASC 326, ASC 815.
• Experience or working knowledge on IFRS 17/ASC 944 would be an added advantage.
• Drafting and designing accounting policies.
• Technical accounting research and advice.
• Consolidation and reporting under IFRS and US GAAP.
• Disclosure support.

Professional experience:

• Experience of working in an advisory role.
• Skills and experience with technical accounting matters, whitepapers on significant issues like consolidation, IFRS 15, 16, 9, and knowledge of IFRS 17 would be an added advantage (corresponding standards in US GAAP as mentioned above).
• GAAP conversion through different GAAPs not limited to IFRS and US GAAP.
• Hands-on consulting experience at a Big 4, or top tier consulting firm.

To qualify for the role, you must have:

• Chartered Accountant (CA), CPA (US) or ACCA (UK).
• 2-5 years (post qualification) in Assurance including at least 1 year of Financial Accounting and Advisory experience.

Ideally, you'll also:

• Interest in business and commerciality.

What we look for:

• A team of people with commercial acumen, technical experience and enthusiasm to learn new things in this fast-moving environment.
• An opportunity to be part of a market-leading, multi-disciplinary team of 7200+ professionals, in the only integrated global assurance business worldwide.
• Opportunity to work with EY GDS Assurance practices globally with leading businesses across a range of industries.