Role Summary

Position Title: Principal / Associate Director – Statutory Audit

Department: Assurance

Location: Hyderabad

Reporting Manager: Partner, Hyderabad

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
• 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 SOP’s 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 internationalnetwork with which SKP 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 SKP branches

• Develop a training module for staff and ensure that the same is adhered
• 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 SKP

• 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

Desired Candidate Profile:

• 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
• Concurrent audit of Banks – only large forex and investment divisions only
• BFSI audit experience
• Knowledge of/exposure to the following areas will be an added advantage
• BFSI experience - Stat, internal and concurrent
• Certification work including remittance certificates
• Limited Review
• Tax Audits
• XBRL
• Strong Practice management skills
• Proven supervisory / leadership abilities
• Excellent written and spoken communication skills including legal/technical drafting
• Very good interpersonal skills and good analytical / process skills

Qualification

• Should be a qualified Chartered Accountant
• 10+ years of work experience in executing and leading Statutory Audit assignments in large accounting firms, across different business sectors, with domain specialization in two or more sectors

Desired Candidate Profile:

• 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
• Concurrent audit of Banks – only large forex and investment divisions only
• BFSI audit experience
• Knowledge of/exposure to the following areas will be an added advantage
• BFSI experience - Stat, internal and concurrent
• Certification work including remittance certificates
• Limited Review
• Tax Audits
• XBRL
• Strong Practice management skills
• Proven supervisory / leadership abilities
• Excellent written and spoken communication skills including legal/technical drafting
• Very good interpersonal skills and good analytical / process skills

Qualification

• Should be a qualified Chartered Accountant
• 10+ years of work experience in executing and leading Statutory Audit assignments in large accounting firms, across different business sectors, with domain specialization in two or more sectors