Assurance Manager, Asset Management
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 memoranda. The Manager maintains key client relationships and acts as the primary contact for complex questions and information. The position also supports business development, training, and networking, and contributes to office Assurance leadership through supervision, problem resolution, and delegation across audits.
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.
- Knowledge of management and incentive fee and carried interest calculations.
- Awareness of tax and regulatory issues affecting private equity funds.
- Strong leadership skills and ability to serve as a role model to managers and staff.
- Advanced GAAP and GAAS knowledge and sound working knowledge of SEC and PCAOB rules.
- Excellent verbal and written communication skills.
- People development and delegation skills, including training, instruction, engagement scheduling, and budgeting.
- Executive presence and ability to act as the primary client contact and present to clients and prospective clients.
- Strong client development and relationship-building skills.
- Strong decision-making skills.
- Ability to take charge of entire basic engagements and resolve complex accounting issues.
Nice To Haves
- MBA or master’s degree in Accounting.
- At least two 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
- Assess the control environment and internal control over financial reporting, and recommend improvements to client management and audit committees.
- Delegate audit functions, supervise audit teams, review workpapers and conclusions, and provide on-the-job training.
- Apply GAAP, advise clients on new accounting pronouncements and alternative accounting treatments, draft complex financial statements and disclosures, and resolve complex accounting issues.
- Apply SEC regulations and PCAOB guidelines; review SEC filings, quarterly reviews, required client and Audit Committee communications, and Section 404 internal control audit work.
- Ensure engagement independence requirements are met and consult internally as needed.
- Apply GAAS and PCAOB professional standards, guide others, affirm conclusions, and communicate matters to the Audit Committee, Board, and those charged with governance.
- Use audit efficiency tools, including statistical sampling and CAATS.
- Apply BDO standards, policies, technology, and assurance methodology; review audits for compliance with assurance manual standards and proper archiving procedures.
- Plan audits and oversee execution of procedures with quality, efficiency, and completeness while managing deadlines.
- Prepare or review communications to management and audit committees, recommend outcomes for critical issues, and initiate client acceptance or retention procedures where appropriate.
- Consider Sarbanes-Oxley rules when planning and performing combined Section 404 and financial statement audits for public clients.
- Conduct research using appropriate authoritative sources and tools, document conclusions in memoranda, and present issues to a reviewer or technical decision-maker.
- Manage engagement profitability, billings, collections, productivity, and efficiency.
- Assist with marketing and business development for the Asset Management group.
- Supervise associates and senior associates across projects; review work prepared by managers and staff and provide review comments.
- Serve as a Career Advisor, schedule and manage workloads, provide performance feedback, and coach and teach associates and senior associates.
- Support teamwork by meeting commitments to team members and clients.
- Perform other duties as required.
Benefits
- Employee Stock Ownership Plan (ESOP) participation, offering beneficial ownership in the firm.
- Comprehensive compensation and Total Rewards benefits offerings.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
