Assurance Manager, Asset Management

BDO USA • Minneapolis, MN

2d

About The Position

BDO’s Asset Management and Private Equity Funds practice serves 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 manages financial statement audit engagements for private equity funds and serves as a leader in the Financial Services practice. The role advises clients on internal controls, accounting procedures, and economic and regulatory risks; identifies relevant financial and non-financial performance measures; formulates and communicates audit plans; answers complex GAAP and GAAS questions; and prepares technical consultation memos on accounting and auditing matters.

The Manager maintains key client relationships and serves as the primary contact for complex client questions and information. The position also supports business development, training, and networking, and contributes to the office Assurance leadership team through direct supervision, problem resolution, and delegation throughout the audit process. The Manager oversees engagement quality, efficiency, completion, and profitability, and supervises and develops associates and senior associates.

The position requires a bachelor’s degree in Accounting or equivalent and a CPA or international equivalent. An MBA or master’s degree in Accounting is preferred. At least five years of work experience and significant supervisory experience are required. The stated Massachusetts salary range is $105,000–$115,000; individual offers depend on factors including qualifications, experience, skills, and geography.

Requirements

• Bachelor’s degree in Accounting or equivalent.
• At least five years of work experience.
• Significant supervisory experience.
• CPA or international equivalent.
• Knowledge of partner capital allocations and computations.
• Advanced knowledge of GAAP and GAAS and sound working knowledge of SEC and PCAOB rules.
• Ability to demonstrate strong leadership and serve as a role model to managers and staff.
• Excellent verbal and written communication skills.
• Excellent people-development and delegation skills, including training, engagement scheduling, and budgeting.
• Executive presence and ability to serve as the primary client contact and present to clients and prospective clients.
• Excellent client-development and relationship-building skills.
• Excellent decision-making skills.
• Ability to take charge of entire basic engagements and resolve complex accounting issues.
• Awareness of tax and regulatory issues affecting private equity funds.

Nice To Haves

• MBA or master’s degree in Accounting.
• Two or more years of team lead or in-charge experience overseeing staff on multiple engagements.
• Experience valuing portfolio companies, including Level 3 investments.
• Experience with valuation methodologies and waterfall calculations.
• Experience auditing private equity and/or venture capital funds.
• Experience using assurance applications and research tools.
• Experience with Microsoft Office products, specifically Windows, Word, Excel, and PowerPoint.

Responsibilities

• Manage financial statement audit engagements for private equity funds and serve as a leader in the Financial Services practice.
• Identify and communicate suggestions to management and audit committees for improving client internal controls and accounting procedures.
• Assess internal control over financial reporting and supervise audit work, including reviewing workpapers and conclusions.
• Delegate audit functions, oversee audit execution, and provide on-the-job training during fieldwork.
• Consult with clients on new accounting pronouncements, alternatives under GAAP, complex accounting issues, and their resolution.
• Draft complex financial statements and related footnote disclosures and communicate them to clients.
• Review SEC filings, client and Audit Committee communications, and Section 404 internal control audit work for accuracy, completeness, and compliance.
• Ensure engagement independence requirements are met and consult internally as needed.
• Apply GAAS, PCAOB standards, BDO methodology, policies, and technology; review audits for compliance with assurance manual standards and proper archiving procedures.
• Plan and oversee audit procedures to ensure quality, efficiency, and completeness, including combined Section 404 and financial statement audits for public clients.
• Conduct research using appropriate authoritative sources, document conclusions in memos, and present issues to technical directors or concurring reviewers as appropriate.
• Manage engagement profitability, billings, collections, team productivity, and efficiency.
• Assist with marketing and business development for the Asset Management group.
• Maintain key client relationships and serve as the primary contact for complex questions and information.
• Support business development, training, networking, and office Assurance leadership activities.
• Supervise associates and senior associates, review work prepared by staff and managers, provide review comments and performance feedback, and act as a Career Advisor.
• Schedule and manage associate and senior associate workloads, and coach staff through on-the-job learning.
• Perform other duties as required.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager