Assurance Experienced Manager

BDO USA, P.C.•Mclean, VA

8h•$110,000 - $135,000

About The Position

BDO Chicago’s Real Estate practice is a focused industry group for the Upper Midwest market and is a dynamic and rapidly growing practice serving a diverse array of companies including REITs, developers, real estate operating companies, including these property types: retail, multi-family, industrial, hotels, and hospitality. The Assurance Experienced Manager is responsible for managing financial statement audit engagements, primarily for private company audits and serves as a leader of the real estate 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. 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. The manager will also support the team with active involvement in business development, training, and networking activities.

Requirements

Bachelor’s degree in Accounting, required
Five (5) or more years work experience, required
Significant supervisory experience, required
CPA or international equivalent, required
Ability to demonstrate strong leadership skills and be a role model to other managers, seniors, and staff
Advanced GAAP and GAAS knowledge
Sound working knowledge of SEC and PCAOB rules
Possesses excellent verbal and written communication skills
Possesses excellent people development and delegation skills, including training/instruction and engagement scheduling and budgeting
Ability to substantially take charge of entire engagements
Ability to resolve complex accounting issues
Possesses executive presence, with the ability to be the primary contact for the client, as well as prepare and present presentations to clients and potential clients
Possesses excellent client development and relationship-building skills
Possesses excellent decision-making skills
Possesses interest in and ability to participate in business development activities

Nice To Haves

MBA or Master’s degree in Accounting, preferred
Two (2) or more years of team lead or in-charge experience overseeing staff on multiple engagements, preferred
Experience in working with valuation specialists, preferred
Experience auditing real estate companies, preferred
Experience in the use of various assurance applications and research tools, preferred
Microsoft Office Products, specifically Windows, Word, Excel, and PowerPoint, preferred
Experience utilizing data analytics tools, preferred

Responsibilities

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, identifies controls relevant to the audit, and is involved in design and implementation testing of controls
Identifies and communicates to management and audit committee suggestions to improve client internal controls and accounting procedures
Identifies and delegates functions of the audit to the auditor in charge as deemed appropriate
Supervises the work of audit team and review workpapers and conclusions, preferably onsite during audit field work
Provides on-the-job-training to the engagement staff during audit field work
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 needed
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 engagement independence requirements and consults internally as needed
Applies advanced knowledge and understanding of professional standards; applies the principles contained in professional standards; and documents and communicates an understanding and application of professional standards on an engagement
Applies advanced knowledge of professional standards/practices, including GAAS and PCAOB in performing and supervising work
Provides guidance to others and affirms conclusions made by others
Communicates matters required to be reported to the Audit Committee/Board and those charged with governance
Applies the use of efficiency tools such as statistical sampling, data analytics, etc.
Applies advanced knowledge and application of BDO standards, policies and technology that guide effective and efficient delivery of quality services and products
Conducts detailed review to assure audit is completed in accordance with assurance manual standards
Prepares or reviews required communications to management and audit committees, ensuring timeliness and completeness
Recommends appropriate outcomes to critical issues
Initiates and prepares client acceptance/continuance procedures where appropriate
Plans the audit process and oversees the execution of procedures with quality, efficiency, and completeness despite pressures of deadlines
Executes proper BDO methodology throughout the audit
Engages with specialists as necessary and is involved in their work, including real estate valuation and REIT tax specialists, as needed
Applies methodology used to seek or maintain information from authoritative sources and to draw conclusions regarding a target issue based on that information
Defines methodology to conduct research projects and completes in a timely manner
Applies advanced knowledge of all appropriate research tools and draws conclusions based upon appropriate research
Prepares memo supporting research/conclusions and consults with others if appropriate
Presents issues to technical specialists and engagement leadership, including concurring reviewer, effectively and accurately
Manages engagement profitability, including billings and collections, and maintaining engagement team focus on productivity and efficiency
Participates in audit committee meetings and planning/wrap-up communications with those charged with governance
Involves themselves in business development activities for the Real Estate & Construction industry group
Other duties as required
Sets the tone for teamwork by supporting others in their work and delivering on commitments made to the team members and clients
Supervises associates and senior associates on all projects
Reviews work prepared by, associates and senior associates and provides review comments
Acts as a Career Advisor to associates and senior associates
Schedules and manage workload of associates and senior associates
Creates engagement budgets, monitors economics, and prepares invoices
Provides verbal and written performance feedback to associates and senior associates
Teaches/coaches seniors and associates to provide on the job learning