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Associate - SaT - CHS - SaT - TCF - Transaction Diligence
0-1 years
₹ 3.75 - 3.75L/yr (AmbitionBox estimate)
Mumbai
1 vacancy
Associate - SaT - CHS - SaT - TCF - Transaction Diligence
Ernst & Young
posted 2mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Client service delivery/execution
- Execute the work on a multiple client base.
- Assume near independent responsibility for smaller clients
- Develop rapport with middle layers of client management
- Ensure compliance with risk management strategies, plans and activities.
- Understand the concept of risk management and be able to bring to focus risk issues on client assignments and take issues to the notice of the manager/supervisor
- Support knowledge sharing efforts and improve processes so that the work team can capture and leverage knowledge
- Start identifying new opportunities for existing clients and communicates to manager
- Network internally within the peer group and other levels in the firm in order to gain understanding of issues that may impact issues with his clients
Skills and attributes for success
- Handled statutory audit assignments earlier
- Strong Knowledge or experience in the areas of financial statements including revenue.
- Strong conceptual knowledge of Company s Act/New Company s Act
- Strong understanding of Indian Accounting Standards; recent changes that happened in Indian Accounting Standards 115/116 - Accounting Standards 22, 19, 3, Fraud Investigation, IFC, etc.
- Knowledge about recent changes in accounting or understanding of accounting (Sales cut off/Sale return/material margin), regulatory changes (Gratuity or PF or ESIC).
- Knowledge about Audit reports KAM + CARO (Company Auditor s Report Order)
- Overview of ICFR (Internal Control over Financial reporting)
- Knowledge about IFC - International Finance Corporation
- Knowledge about CSR (corporate laws) & recent changes
- Strong Knowledge about Audit Procedures/Audit Reports (CAM/ICAM)
- Understanding of business performance measures - Margins, EBITDA, working capital etc. required for FDD. Adequate reasons for movements and change in contribution margins with reference to business and items impacting financial statements.
- Provision of Section 186 & 185 of Companies Act
- Procedures required for testing of revenue or employee costs- Overstatement of revenue or fictitious employees.
- Knowledge of ratios, Basic procedures to be performed for testing trade receivables and employee costs etc. + significant audit procedures like employee cost, finance cost, etc.
- Procedures to be performed for diligence for basic area - like understatement of costs or cash leakages, etc.
- Knowledge about disclosure requirement
- Knowledge about Income Tax (PGBP)
- Ability to prioritize work on multiple assignments & manage ambiguity
- Strong written and verbal communication skills,
- Clarity of thoughts and assertive,
- Strong Analytical Skills
Designation: It will be decided based on your experience and performance during the interview.
- Statutory Audit Experience or
- Due diligence experience as part of M&A team in industry
- Strong communication, facilitation, relationship-building, presentation and negotiation skills.
- Be highly flexible, adaptable, and creative.
- Comfortable interacting with senior executives (within the firm and at the client)
- Strong leadership skills and supervisory responsibility.
Employment Type: Full Time, Permanent
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What people at Ernst & Young are saying
Rating based on 190 Associate
reviews
Anonymous · Marketing & Communication
in Thiruvananthapuram
Skill development is good.They provide plenty of trainings that one can sign up and get certified on. HR is also great. Any queries or complaints/feedback, they acknowledged it and update you on the actions taken. There is no delay in any of the processing.
- Salary - Excellent
Recreational activities, festive celebration and functions are not much. It's more of 'only work' scenario. Team activities are not a common thing.
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