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Engaged Employer

Ernst & Young

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3.5

based on 10k Reviews

1636 Ernst & Young Jobs

Associate - SaT - CHS - SaT - TCF - Transaction Diligence

Ernst Young

3.5

based on 10k Reviews

0-1 years

₹ 3.75 - 3.75L/yr (AmbitionBox estimate)

Mumbai

1 vacancy

Associate - SaT - CHS - SaT - TCF - Transaction Diligence

Ernst & Young

posted 11d ago

Job Role Insights

Flexible timing

Key skills for the job

ESIC Quality Assurance Auditing Income Tax Risk Management Private Equity

+ 4 more

Job Description

Your key responsibilities
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

Risk 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

Knowledge Management

Support knowledge sharing efforts and improve processes so that the work team can capture and leverage knowledge

Networking & Identification of opportunities

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

To qualify for the role you must have

Chartered Accountant with good academic background and 0-1 years of relevant post qualification work experience

Designation: It will be decided based on your experience and performance during the interview.

Preference will be given to candidates who have:

Statutory Audit Experience or
Due diligence experience as part of M&A team in industry

Ideally you ll also have

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

3.4

Rating based on 186 Associate reviews

Anonymous · Marketing in Thiruvananthapuram

Likes

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.

Dislikes

Recreational activities, festive celebration and functions are not much. It's more of 'only work' scenario. Team activities are not a common thing.

Read 186 reviews