Assurance Manager, Asset Management

Job-:
Generalist

Location:

Minneapolis, MN, United States

Schedule:

Full time Posted:
Closes:

Job Summary:

BDO’s Asset Management and Private Equity Funds practice is a dynamic and rapidly growing practice nationwide, focused specifically on private equity funds, venture capital funds, small business investment companies (SBICs), real estate funds, hedge funds and other alternative investment vehicles.

The Assurance Manager, Asset Management is responsible for managing financial statement audit engagements for private equity funds and serving as a leader of the Financial Services practice.  This role is responsible for developing suggestions to improve client internal controls and accounting procedures, as well as advising clients 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 and/or GAAS issues.  

The Manager is charged with maintaining key client relationships and acting as the primary contact for clients regarding complex questions and information.  The manager will also support the team with active involvement in business development, training and networking activities.

Additionally, this role is a critical part of the office Assurance leadership team, and is 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 work papers and conclusions preferably onsite during audit field work Provide on-the-job-training to the engagement staff during audit field workGAAP:

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 neededSEC 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…