Audit Senior – Asset Management

Overview

Audit Senior – Asset Management at BDO USA. BDO’s Asset Management and Private Equity Funds practice focuses on private equity funds, venture capital funds, fund of funds, SBICs, BDCs, real estate funds and other alternative investment vehicles.

• Control Environment
  • Applies knowledge of transactional flow and key cycles to complete audit work.
  • Documents, validates and assesses the design and operating effectiveness of the client’s internal control system.
  • Identifies and communicates suggested improvements to client internal controls and accounting procedures to reduce risk.
  • Supervises and reviews the work of audit staff.
• GAAP
  • Applies knowledge of governing principles to client transactions and documents understanding and application of these principles.
  • Communicates financial statement disclosure requirements to clients.
  • Drafts complex sets of financial statements with disclosures.
  • Recognizes and applies new pronouncements to client situations.
  • Identifies complex accounting issues and brings them to the attention of superiors; coaches less experienced team members.
• SEC and PCAOB
  • Applies knowledge of SEC regulations and PCAOB guidelines; documents and communicates the application of these principles.
  • Reads and reviews clients’ SEC filings for accuracy and completeness; ensures information is documented in work papers and testing.
  • Prepares required communications to the Client and the Audit Committee.
  • Plans and executes Section 404 internal control audits, including understanding the control environment, designing test plans, evaluating deficiencies and assessing the overall financial reporting control environment.
• GAAS
  • Applies professional standards and documents understanding and application on engagements.
  • Formulates and communicates the audit plan; applies GAAS to complex issues; exercises audit skepticism.
  • Uses firm audit manuals when appropriate and documents deviations from policy with approval.
• Methodology
  • Guides delivery of quality services by coordinating day-to-day audit plan activities, ensuring fieldwork is executed within timetable, Firm policies, and budget.
  • Applies BDO audit approach and methodologies, including tools and technology, to execute the audit.
  • Identifies and proposes outcomes to critical issues.
• Research
  • Conducts internal and external research, forms initial opinions on treatments, and documents findings.
  • Assists engagement manager with gathering business and information system details to form audit strategy.
  • Develops draft Audit Engagement Planning Memorandum, audit programs and budgets; collaborates to establish responsibilities for audit staff.
• Other duties as required

• Provides verbal and written performance feedback to Audit Associates.
• Supervises work assignments of Audit Associates within the engagement team.

• Bachelor’s degree in Accounting, required.
• Master’s degree in Accountancy, preferred.

• Two or more years of experience in auditing asset managers/onshore/offshore fund vehicles; experience with industry regulations, required.
• One or more years of supervisory experience, preferred.

• CPA, preferred.
• Actively pursuing CPA licensing, required.

• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint); preferred experience with assurance applications and research tools.

• N/A

• Solid understanding of planning and coordinating audits for basic public and/or private companies.
• Knowledge of internal accounting controls and professional standards (GAAP, GAAS, Sarbanes-Oxley).
• Strong verbal and written communication skills; ability to adapt messaging to all levels within client organizations and the firm.
• Ability to multi-task, work independently and in a group; strong analytical and diagnostic skills.
• Capable of meeting deadlines in a demanding environment; solid project management skills.

Individual salaries offered are determined after consideration of factors including qualifications, experience, skills, and geography. Salary ranges vary by location, for example:
Massachusetts Island/Westchester Range: $81,500 - $90,000;
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