Assurance Senior – Asset Management

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, fund of funds, small business investment companies (SBICs), business development companies (BDCs), real estate funds and other alternative investment vehicles.

Job Duties :

• Control Environment Applies knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures by : Applies knowledge of transactional flow and key transactional cycles to complete audit work Documents, validates and assesses the design and operating effectiveness of the clients’ internal control system Identifies and communicates suggested improvements to client internal controls and accounting procedures in an effort to reduces risk within the client organization Supervises and reviews the work of audit staff
• GAAP Applies knowledge and understanding of governing principles; applying these principles to client transactions; and documenting and communicating an understanding and application of these principles by : Communicating financial statement disclosure requirements to clients Drafting complex sets of financial statements with disclosures Recognizing and applying new pronouncements to client situations Identifying, analyzing and discussing alternative generally accepted accounting principles with the Manager, Senior Manager and engagement partner and the client, as needed Identifying complex accounting issues and brings them to the attention of superiors for resolution Coaching less experienced team members in new areas
• SEC and PCAOB Applies knowledge and understanding of SEC regulations and PCAOB guidelines, and documents and communicates the application of these principles by : Reading and reviewing clients’ SEC filings, ensuring accuracy and completeness, and also ensuring that all financial information is documented in the workpapers and through appropriate testing Preparing required communications to the Client and the Audit Committee Planning and executing Section 404 internal control audits including obtaining an understanding of the control environment, designing test plans, evaluating deficiencies and assessing the overall financial reporting control environment
• GAAS Applies 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 by : Formulating and communicating the audit plan Applying GAAS to a variety of complex issues and consults others as appropriate Employing audit skepticism and determining when to reduce or expand testing Utilizing BDO audit manuals as appropriate for the situation;

Documenting deviations from BDO policy, with approval

• Methodology Applies knowledge and application of BDO standards to guide effective and efficient delivery of quality services and products by : Coordinating the day-to-day conduct of the audit plan by ensuring the field work is executed and completed as planned, in accordance with timetable, with Firm’s policies and procedures and within budget Applying BDO audit approach and methodologies, including tools and technology, to execute the audit Identifying and proposing outcomes to critical issues
• Research Applies methodology used to seek or maintain information from authoritative sources and to draw conclusions regarding a target issue based on the information by : Utilizing of internal and external research tools and selecting methodology for routine research requests Researching complex areas of accounting, forming an initial opinion on the correct treatment independently and considering and documenting the impact on the client and audit engagement Documenting and organizing complicated findings in a usable format, based on information obtained from Accounting Research Manager, BDO Assurance Manual, Yahoo Finance, etc Assisting the engagement manager with gathering appropriate information about the business and information system, including the accounting system, to form an adequate basis for the preparation of the audit strategy Developing the draft Audit Engagement Planning Memorandum, audit programs and budgets Collaborating with the engagement manager to establish the responsibilities of individual audit staff for specific areas of audit work
• Other duties as required

Supervisory Responsibilities :

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

Qualifications, Knowledge, Skills and Abilities :

Education :

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

Experience :

• Two (2) or more years of experience in auditing asset managers / onshore / offshore fund vehicles and have gained experience in industry relevant regulations, required
• One (1) or more years of prior supervisory experience, preferred

License / Certifications :

• CPA, preferred
• Actively pursuing completion of CPA licensing, required

Software :

• Proficiency in Microsoft Office Suite, specifically Word, Excel, and PowerPoint. preferred
• Prior experience with various assurance applications and research tools, preferred
Language :
• N / A
• N / A

Other Knowledge, Skills & Abilities :

• Solid understanding and experience planning and coordinating the stages to perform an audit of a basic public and / or private company
• Knowledge of internal accounting controls and professional standards and regulations (GAAP, GAAS, Sarbanes-Oxley, etc)
• Strong verbal and written communication skills with the ability to adapt style and messaging to effectively communicate with professionals at all levels both within the client organization and the firm
• Ability to successfully multi-task while working independently and within a group environment
• Superior analytical and diagnostic skills and ability to break down complex issues and implementing appropriate resolutions
• Capable of working in a demanding, deadline driven environment with a focus on details and accuracy
• Solid project management skills

Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate’s qualifications, experience, skills, and geography.

Range : $87,000 - $100,000.