FAAS- Transactions Senior

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EY GDS - Assurance FAAS - Senior

As part of our EY-Assurance Team, the individual will be responsible for working closely with FAAS Assistant Managers, Managers and Senior Managers on client engagements across Americas and EMEIA.

The opportunity

We re looking for an incumbent who is competent enough to provide advisory services including Accounting and regulatory support for GAAP Conversion and implementation; IPO and other public offering assistance, transaction accounting and financial reporting assistance (purchase price allocation, divestiture accounting).We re looking for an incumbent who is competent enough to provide advisory services including Accounting and regulatory support for accounting change and special matters; accounting processes and controls support (remediation, long-term contract accounting and cost accounting); GAAP Conversion and implementation; IPO and other public offering assistance and transaction accounting and financial reporting assistance (purchase price allocation).

Your key responsibilities

• Manage quality of service delivery
• Execute the following FAAS solutions using Global service delivery framework:
  • Accounting and PMO support for transactions such as purchase price accounting, divestiture/carve-out accounting, IPOs, SPACs and/or Fresh start (Bankruptcy) accounting
  • Preparation of financial statements/MDA
  • GAAP conversion
  • Accounting policy and governance
  • Accounting Processes
• Ensure quality in delivering client service by directing daily progress of fieldwork, informing Supervisors of engagement status
• Follow through on client requests in a timely fashion, and manage expectations regarding the timing of deliverables and reports
• Identify engagement and client service issues. Research and benchmark client data to industry data.
• Explain the clients critical success factors to the engagement team.
• Benchmark client data to industry data in order to make possible recommendations for improvements
• Apply independent and objective professional judgment in applying accounting standards to meet engagement expectations, including regulatory requirements.
• Demonstrate a good understanding of accounting concepts; stay informed of professional standards and firm policies (e.g., guidelines of the EY GDS FAAS Policy Manual); and effectively apply this knowledge to moderately difficult and/or complex client situations
• Receive direction from the Manager, Senior Managers

Skills and attributes for success

• Good understanding of IFRS/US/UK GAAP.
• Good understanding of Indian accounting and auditing standards.
• Strong written and verbal communication, presentation, and technical writing skills
• Ability and comfort level in researching client inquires and emerging issues, including regulations,
• industry practices and new technologies
• Flexibility and willingness to travel on short notice, as necessary
• Working experience in relation to the following services/solutions (atleast three):
  • Transaction accounting and reporting - IPO s, SPACs, Carve Outs, PPA etc
  • GAAP conversions and implementation of new accounting standards
  • Drafting and designing accounting policies
  • Technical accounting research and advice
  • Consolidation and Compilation support
  • Financial statement close process support
  • Audit Remediation and readiness
  • Benchmarking services and market analysis

To qualify for the role, you must have

• Chartered Accountant (CA), CPA (US) or ACCA (UK)
• 2-5 years (post qualification) in Assurance including at least 1 years of Financial Accounting and Advisory experience
• Candidates with prior Big4 experience would be an added advantage

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