Assurance Senior, Asset Management

BDO USA•Houston, TX

About The Position

BDO’s Asset Management and Private Equity Funds practice is a dynamic, rapidly growing nationwide practice focused 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. The Assurance Senior performs and coordinates audit work, applies accounting and auditing standards, evaluates internal controls, researches complex accounting matters, and supports the delivery of quality audit services. The role also supervises Audit Associates, including assigning work and providing performance feedback. The position requires a bachelor’s degree in Accounting and at least two years of auditing experience with asset managers or onshore/offshore fund vehicles. Candidates must be actively pursuing CPA licensure. A master’s degree in Accountancy, a CPA, and prior supervisory experience are preferred. Salary ranges vary by location: $81,500–$90,000 in Massachusetts and New Jersey, and $87,000–$100,000 in NYC, Long Island, and Westchester. Individual offers depend on factors including qualifications, experience, skills, and geography.

Requirements

Bachelor’s degree in Accounting.
Two or more years of experience auditing asset managers or onshore/offshore fund vehicles, including experience with industry-relevant regulations.
Actively pursuing completion of CPA licensing.
Solid understanding and experience planning and coordinating the stages of an audit of a basic public and/or private company.
Knowledge of internal accounting controls and professional standards and regulations, including GAAP, GAAS, and Sarbanes-Oxley.
Strong verbal and written communication skills, including the ability to adapt communication to professionals at different levels within the client organization and firm.
Ability to multitask while working independently and in a group environment.
Strong analytical and diagnostic skills, including the ability to break down complex issues and implement appropriate resolutions.
Ability to work in a demanding, deadline-driven environment with attention to detail and accuracy.
Solid project management skills.

Nice To Haves

Master’s degree in Accountancy.
One or more years of prior supervisory experience.
CPA license.
Proficiency in Microsoft Office Suite, especially Word, Excel, and PowerPoint.
Prior experience with assurance applications and research tools.

Responsibilities

Apply knowledge of transactional flows and key cycles to complete audit work.
Document, validate, and assess the design and operating effectiveness of clients’ internal control systems; identify and communicate suggested improvements to reduce risk.
Supervise and review audit staff work and provide verbal and written performance feedback to Audit Associates.
Communicate financial statement disclosure requirements, draft complex financial statements and disclosures, and apply new accounting pronouncements to client situations.
Identify, analyze, and discuss alternative GAAP treatments and complex accounting issues with appropriate superiors and clients.
Review clients’ SEC filings for accuracy and completeness and ensure financial information is documented in workpapers and appropriately tested.
Prepare required communications to clients and audit committees.
Plan and execute Section 404 internal control audits, including understanding the control environment, designing test plans, evaluating deficiencies, and assessing financial reporting controls.
Formulate and communicate the audit plan; apply GAAS to complex issues; exercise audit skepticism; and determine when to reduce or expand testing.
Coordinate day-to-day audit work to meet the audit plan, timetable, Firm policies and procedures, and budget.
Apply BDO audit approaches, methodologies, tools, and technology, and identify and propose resolutions to critical issues.
Use internal and external research tools to investigate accounting matters, form initial opinions, and document implications for clients and audit engagements.
Assist the engagement manager in gathering business and information-system details, including accounting-system information, to develop the audit strategy.
Develop draft Audit Engagement Planning Memoranda, audit programs, and budgets.
Collaborate with the engagement manager to establish individual audit staff responsibilities.
Perform other duties as required.