Key Activities
• Monthly Financials - Generating monthly financials containing detailed information on the revenue of the account as per area, service line and country segregating on fund and portfolio level
• Newsletters - Creating Newsletters for private equity accounts on a weekly/bi-weekly/monthly basis through internal (Factiva, merger market etc.) and external sources (company website)
• Activity tracker - Updating Activity tracker for accounts on a monthly basis containing financial information, meetings, press releases on fund and portfolio level, NBD spend data and major projects
• Investee cleanup - Performing investee/portfolio cleanup on a monthly basis for all the private equity accounts by updating any acquisition/disposition of investee’s in investee list. This was performed so as to keep PEAR report as accurate as possible
• Relationship map - Preparing relationship map on quarterly basis to identify the relationship between account team (pulling from client website) and core EY associated team through a relationship key
• Sales and pipeline report - Analyzing InterAction sales and pipeline report and identifying opportunities and wins for accounts on a weekly basis
• Family tree validation - Ensure family tree are accurately maintained for private equity accounts by performing Family Tree Validation (FTV) process. Checking client is correctly linked on D&B, GFIS, GIS and InterAction.
• Portfolio Analysis – Presenting the analysis of portfolio data (
A work place where I have grown professionally, where my ideas are well received and knowledge and work is appreciated
1. A typical day at work:
I establish a priority list of things to accomplish. Priority A, B and C. Priority A contains must do items. I let nothing get in the way of starting and completing these.
Priority B is very important, too. I make every attempt to complete these. However, priority B items can be somewhat negotiated if not completed.
Priority C items are those maintenance things that should be done but won't affect operations much if not necessarily done that day.
Sometimes priority C items take care of themselves. The important key to success is to accurately identify the proper category of priority.
2. What you learned:
The most important thing I have learned is to have an effective communications and keeping things on schedule
3. Management (Management Style, I suppose):
I try to encourage my team to come with a solution rather than directing them. I like being able to lead my team, but I want to know that they are working to help solve problems as well.
4. Co-workers
People who respect me and who value my contributions strongly.
5. The hardest part of the job:
The most difficult task is to motivate and manage employees to get something planned and completed on time and within the budget.
6. The most enjoyable part of the job:
I'm an accountant. As part of my job, I have the opportunity to interact with personalities in multiple discipline and industries with varied range of experience and expertise. Its been a learn
ProsSubstantial Health Benefits, Globally connected, Flexibility
Likes
This could be taken both ways.. But things are basically dumped on you.. So you have no choice but to evolve into a wiser person. You will be able to be part of the team solving complex queries which normally would take years in any other non-big 4 organisations. The package is good. And mist of it will go into savings as you would not have time to spend it.
Dislikes
It would depend on the team that you end up with. If you are lucky to be in a good team,then you will never have to look back. Else it's going to be tough. Basically every day would be like going to war. Your inner peace will be destroyed. No work life balance. Even when you are on leave, you are supposed to be available for work. Same goes with weekends.Females- be prepared to take Uber at 12 in the night, alone.Most of the top management are from a generation that does not get millennials, so that could lead to on-the-floor shouting sprees. In-time is 9.30 a.m. If you are late you are judged- the partner itself will take time out to warn you. But nobody to say a word about the out-time. Nobody to ensure you reach home safely after a long night/morning.Then there is the admin work that your senior wouldn't know how to do, yet will jump down your throat at the first mistake you make. The never ending printing jobs- for your seniors - they will have time to e-mail you their printing work and walk up to you to remind you to do it yet they won't have time to do it themselves. Overall, it was a terrible expe
Learning in preparation of MIS report and respondig to invoicing related queries with limitation of too much dependency on Seniors.
The typical day at work is to approve as many numbers of invoices in a day and closing the invoices on hold to maintain the service level agreement (SLA) period of invoices where i learned time management and importance of priority jobs because invoicing affects each and every person in the company and client.
The hardest part of job is to convince the client facing team and the client to fulfill the requirement of raising invoices as per GST/Service tax rules framed by Government/Law.
The most enjoyable part of job is to prepare the reports of invoicing SLA which clarifies our advantages and disadvantages with the help of which we can maximize our work improvement.
The workplace culture is fine but there is lack of work life balance and there is too much dependency on seniors where decision making can be done easily by person himself.
On an average workplace culture is alright but more team bonding is required to improve the work culture.
My learning in this company has been preparation of various MIS reports related to invoicing(Like Invoices above 1 crore report, SLA Report, Bill plan checking report etc).
ProsLearning in Microsoft Excel, Responding to queries of Client facing team.
Prepare analysis of engagement data
Prepare and analyze periodic reports and resolve incorrect project charges
Setting up Budgets for upcoming engagements/projects which also included activity based costing/budgeting.
Billing analysis for raising Invoices.
Co-ordination with Financial Managers in UK on daily basis and Account Receivables/Payables team
Ensure compliance with firm policy guidelines which relate to the hours / expenses charged to the engagement.
Prepare Budget to Actual reports on a regular basis and commenting on any abnormal variances.
Prepare Expense reports and provide a detailed analysis.
Comparison of current vs previous financial data of the audit engagements.
Publish Dashboard in MS Powerpoint of the team statistics and present it to the onshore.
Calculation of unbilled inventory in various engagements for a book of business and initiate proactive billing to prevent piling up of inventory.
Handled a team of nine members and mentored them to work on new projects which have been transitioned to EY.
Performed appraisals and provided feedback for team members on a regular basis.
Groomed individuals who have been promoted to senior positions and who could take up new responsibilities and perform individually with minimal supervision.
Client facing role is challenging and enjoyable at the same time.
I have enjoyed and created many cherish able memories working for one of the big 4 consulting/auditing firms .
My typical Day at work would require me to provide consultancy to the client & prepare themselves for facing the Organization wide information security and business continuity Audits.
I have to constantly update and discuss the requirements/ actionables/ achievements with senior management of some of the top companies( Client facing role). Understanding Management's Bird eye view strategies processing through all the flows to get it implemented on the ground as well as working as a bridge between the concerns of management and ground teams has given me immense learning regarding different perspectives and shades of management.
The best part is the fact that we work , innovate , improve and develop as a team who is constantly there to support each other in times of need or for just being there.
The enjoyable part is to transform the requirements of the designed policy in to an effectively functional Process./ doing internal audits for identifying the weakness and taking steps to strengthen them.
Excellent place to work with continuous focus on excellence
Everyday at work was filled with challenge. Handling 10+ MNC clients. Dealing with expats from 5+ countries and help them fulfilling all there tax and regulatory compliance in India. Provide the advisories to corporate on deputation structuring and compensation structuring of expats to and from India.
Learned how to manage the client expectations while working with the most demanding clients. Learned to work under continuous pressure. Learned to lead a team with the proper planning of delegation of work and supervision on timely basis. Learned to develop and maintain the personal connect with the key client personel leading to better client experience.
The continuous efforts by management to train and grow the people was the best part of the job which ultimately leaded to personal as well as organisational growth.
The most hardest part was to work with the clients from different time zones. However, with continuous focus on planning the work, serving clients from different time zone was becoming easy day by day.
Excellent work environment that offers you opportunities to grow
The organization consist of various team under different service lines. I was part of the International tax team. I reported to the senior manager and had a team of 4 persons reporting to me.
EY has help me develop my professional skills and abilities and given me opportunities to be an asset and contribute to the organization as well. Hard and smart work is appreciated and recognized through an award, which I was honored to receive along with the highest rate in my performance evaluation.
The main moto was team work where everyone worked together, contributed new ideas and in turn created value to the assignment as a whole.
Handling difficult clients and situations at the work place is a challenge at the work place. However, the in-house trainings and on the job experience has helped me work in difficult, critical and time crushing situations with ease.
ProsGot to learn alot and develop my professional skills, work among talented professionals, execellent managment techniques
Excellent Learning and Professional growth platform
Working at EY is one of the most exciting learning experience I ever had in my professional career of 7 years.
I learned how to manage global pricing of various EY tax services, monitor progress in EY Tax compliance business, sales and distribution of EY Tax services and report Tax revenue from three different EY Tax services perspective(GCR, Tax Policy and Tax Controversy).
It is interesting to see how Tax policies affect global businesses and how important they are in a fast changing and ever evolving global economy.
I was fortune to get to work with an excellent team of seniors and co-workers, who are professionally and academically qualified for the job undertaken.
I would say the hardest part in my job was to deal with Business Process Mapping but it was also the most enjoyable among my role in EY since I got to talk to different people across the global and got the fine opportunity to initiate, set-up and run a process.
Awesome work experience with EY GSS for about 2.5 years.
Talk to anyone at EY and they’ll tell you what a rewarding place it is to work. As you collaborate with colleagues in our high-performing teams, you gain exposure to some of the most demanding and stimulating challenges in the business world.
Every experience and insight is something you can take with you as your career progresses. In fact, we believe that it genuinely lasts a lifetime.
We attract individuals from different backgrounds and cultures who — like you — bring a unique point of view and unique business skills. You’ll work with great people and will be exposed to a range of alternative perspectives.
Everyone’s opinion is valued. After all, diversity of thought and ideas enables us to provide better services to our clients. In return for your input and ideas, we’re committed to giving you the experiences you need to progress and develop as well as the learning and coaching to help you to excel.
I am in one of the smallest consulting departments in EY (M&A) which happens to also be one of the highest profit centres due to the scale of projects. However, my pay does not correspond with this as most of the fees will obviously be pocketed by the profit-sharing partners. I have no problem with this but what I consistently find absolutely demeaning is that the partners and managers expect you to give it your all in each engagement yet feel the need to make it very difficult to ask to claim for any of the overtime hence making you the equivalent of a corporate slave and that stems from the fact that there is a big gap between the manager's expectation of work turnaround and your ability to deliver.
This comes at a more stirring time when our already very small department has suffered ridiculously high turnover rates towards the end of 2020, leaving a lot of the remaining seniors to have to pick up the slack in double time and at half the manpower than we had. Our pay has also been adjusted downwards due to the pandemic.
As much as our partners refuse to see to our concerns, the high turnover really boils down to the truly questionable managerial capabilities of many of the managers who abuse their power in some very insidious ways. In particular, I've recently had one who refused to pull her weight in an engagement and expected me to work on the entire project alone and be at her beck and call whenever. Her entitlement made me resent my job as I suffered alone while she
ConsManagers who abuse their authority and uninspiring partners (limited to the department you're in), parking is horrendous and expensive, there is little to no options for food nearby
• Reengineered the process for importing data files from various locations, which reduced the processing time taken by about 70%. • Captured and forma
• Reengineered the process for importing data files from various locations, which reduced the processing time taken by about 70%.
• Captured and formatted financial statements of 90+ Fortune companies belonging to13 different industries from the SEC EDGAR database.
• Gathered XBRL based Business Requirements for developing intelligent financial Accounting agent.
• Authored System Requirements document, Use Case Specifications, Systems Requirement Specification (SRS), System Requirement Change Request, Data Dictionary along with the technical staff and developers.
• Developed Business Model (data/object/network/process) describing future state to-be environment.
• Supported and assisted Developers (JAVA, JSP) and QA in developing Quality Control (QC) test plans and test scripts, as well as supporting and assisting clients in all testing phases through UAT.
• Monitored all milestones, SOP’s and project statistics, such as defect rate and severity of the project.
• Reported defects in a defect tracking system with the use of an extensive XBRL taxonomy, communicated the defects to the developers and/or included it in the systems limitation report.
• Conducted systems evaluation, submitted the system maintenance/ enhancement/ scalability reports and systems limitation reports as the final deliverable.
• Project results were submitted for consideration at the 35th annual Hawaiian International Conference on Systems Sciences.
• Achieved an increased understanding and stan
A typical day at work involved having a brief catch up with my group leader (Asia Pacific Private Equity Leader) to discuss the weeks work in progress and what needed to be completed and then working on those tasks in order of priority and urgency. Tasks could include overseas/domestic travel arrangements or creating itineraries for a client roadshow or important trips, client team meeting preparation and execution (creating agendas/action items), managing partners (three) calendars and monitoring emails, making sure partners are getting to meetings on time and action any outstanding tasks were a typical part of my daily routine.
I learned that I worked well at multitasking different projects including completing different partners specific and demanding requests and making sure I prioritized and was timely on my completion. I also learned that the best way to juggle so many tasks is to put these tasks in order of high to low priority and take it one step at a time as I worked in a very fast-paced environment with the responsibility of three very demanding partners.
Due to an increased transaction workload, the team grew exponentially from about 20 to 40 in about a year and a half. As a result of this growth, we were short on administrative assistance and the pressure on me and my workload increased significantly for a while until we hired another assistant. In the meantime though, I was likable and always helpful and knowledgeable on everything EY related so most of th
Like the other Big 4 public accounting firms, EY is a great place for a budding accountant fresh out of college to start their careers. You can gain exposure to a large number of industries and clients, each facing their own unique issues that EY has to help resolve. There are a ton of great resources to learn from; there literally seems to be an expert in every possible aspect of accounting working at the firm. The company's management is also very supportive of workplace flexibility, although this mindset varies from team to team. However, working here is definitely not without its faults.
As a client serving organization, expectations are set extremely high for employees and there is always a deadline to meet, often times conflicting. Busy seasons are brutal and just when you think it's all over, another client might be facing a new issue and you're working on a new deadline again. Things come up all the time and you always feel on call 24/7. There is a definite feeling of a lack of work-life separation and that can really wear on you over time.
While most people are very supportive here and want to help you succeed in your careers as it makes their lives easier the better you are at your job as well, there will also be times when you don't see eye to eye with a fellow colleague and still be forced to work together on a project. You won't always get along with everyone you work with and you can't choose who you get to work with either. Perhaps the most frustrating aspe
ProsLots of Knowledge about the Industry, Great Resources, Resume Builder, Flexibility Promoted
ConsLong Hours, Very Demanding Profession, High Stress Work Environment
I had the opportunity to work in a dynamic and challenging environment
As an Associate Director here's a brief review of my experience:
Prestige and reputation: Joining a Big 4 consulting firm instantly adds value to your resume and opens doors to various opportunities. The firm's reputation and prestige attract top clients and projects, giving you exposure to high-profile engagements.
Professional growth: Working at a Big 4 firm provides excellent opportunities for professional growth. You'll collaborate with talented and experienced professionals, learning from their expertise and gaining valuable insights. The firm typically offers extensive training programs and resources to enhance your skills and knowledge.
Diverse project portfolio: One of the significant advantages of working for a Big 4 consulting company is the diverse range of projects you'll be involved in. From strategy development and implementation to technology transformation and process improvement, you'll gain exposure to different industries, clients, and business challenges. This variety keeps the work exciting and helps you develop a broad skill set.
Collaborative work culture: Big 4 firms foster a collaborative work environment. You'll have the opportunity to work with cross-functional teams, including consultants, analysts, and subject matter experts. Collaboration and teamwork are highly encouraged, allowing for innovative thinking and the exchange of ideas.
Client interaction: As an Associate Director, you'll have direct client interaction and be responsible for buil
Productive and fun workplace with amazing people working with me.
I worked at EY full-time for 2 weeks
Pros
-Good expense policy (appropriate allowances for breakfast/dinner and you can keep all rewards points for airfare, lodging, rental cars, etc). -Culture is very people oriented. Flexibility and employee work/life balance is stressed greatly by management. EY stresses the importance of taking care of one another. Great maternity / parental leave policies and very flexible work arrangements are available when you need it. I often worked remote from my wife's apartment when we were long distance. -Work life balance is awesome (don't believe the rumors, if you're a smart person and you produce good work, EY will reward you with a generous work life balance). -Vacation policy! 21 days for managers plus 3 personal days and unlimited sick days. -Most teams will work from home on Fridays when traveling -EY has a program where you can decide not to accept a blackberry and instead have EY pay your personal cell bill (up to $150 / month for managers). -Events thrown by EY are larger than life (especially the events when you're promoted to Manager, Sr Manager, or Partner). They are truly amazing experiences. -Opportunity to see many different companies across a broad range of industries -Lots of professional development opportunities -High potential for advancement. You do not have to wait for a spot to "open up" to get promoted. -HR is wonderful -EY really tries to take care of employees at an individual level. If you're unhappy, you can actual
SyCip Gorres Velayo & Co. (SGV), a member firm of Ernst & Young Global Ltd. (EY), is the largest multidisciplinary professional services firm in the Philippines since 1946. The firm is packed with CPA top-notchers, exceptional professionals as well as talented individuals.
Being a Transaction Support professional, it is a must to keep myself up-to-date with the current news and SGV-information center assists us by sending daily news update organized per industry. We also have access to various external resources such as S&P Capital IQ, mergermarket, and Business Monitor International to help us develop our insights as we deliver advice to our clients. As an associate director, it is my obligation to manage my team in order to maximize engagement efficiency, quality, and profitability. I always keep a list of my "To Dos" at the start of the work, after I refresh myself with the current news. This helps me breakdown those requiring urgent attention until the least important matters.
For every project I am engaged with, I see to it that I have a good understanding of the client's objectives and the target's business overview. In Transactions Advisory Services, we are composed of different professionals not just CPAs. These professionals really come in handy whenever we need to consult for a special matter.
I really love to put things in a very orderly and organized manner so that tasks will be achieved smoothly. I ensure that I deliver the right information to
Do not work here! Toxic culture, below market pay.
I have been working at ey for under a year and I have not enjoyed one minute of it. Firstly, when I was hired I was told that my salary was nonnegotiable which I later found out was a lie from colleagues who were hired. When you are first hired they will make it seem like you are in control of your career and that you have flexibility to work on multiple different engagements that will benefit your career, that is not true at all. If you are not on a project, your experience manager will pressure you to get on a project, regardless of if it has anything to do with your previous experience or interests. I think most of this stems from the experience managers not knowing about what the different engagements actually entail. I have had various conversations with the experience managers and they literally have no idea of the certifications that I hold or the experience that I have, which doesn’t make sense considering the fact that they determine which project you should be assigned to. The culture at ey sucks, managers have this idea that they can use the staff as they please and pretty much assign any task to you. When you are assigned to a project as a staff or senior staff you don’t get assigned a specified set of tasks, you are pretty much there to do whatever the manager tells you to. This is unfair because there is no limit on what is right and wrong. I literally have had managers tell me to lie, and do things that I was completely uncomfortable doing. The funny thing is,
EY is a place with family atmosphere, Enjoyed initiating new programs for staff health and benefit plans for employees
With a bouquet of administrative things handled my previous one gave me immense pleasure in organising programs self handedly.
Arranged for free health camps to check 700 employees BP, Diabetes, Blood count. Took up many measure weekly to ensure they think about their health and reduce their stress.
I was in charge of arranging free bus transport to pick up employees from home to work, this area was 10 kms distance from office to residences of employees. Employees concentrated staying in the city and hence this plan was successful and appreciated by everyone. Dubai summer which crosses 50 deg celcius, smaller bus shuttled from parking area to office, a radius of 5 kms once every hour. Even the higher management would use the bus to avoid walking in the scortching Dubai heat.
Hardest part of the job was to reconcile the medical insurance plan for all employees. I had spotted 17 cases that were reduntant and premium for those were being paid even after the employees resigned a year back.
Management gave us opportunity to manage drivers, I chaired the committee to hear their complaints and bring out solutions for their better professional career. Organised a sponsored body check up for drivers to ensure they are not suffering any disease to ensure they are capable of driving the top management bosses for long distances every day for meetings. Also encouraged them to participate in jobs out of their profile like helping around in a conference with distribution of p
ProsFree air ticket provision yearly for self and spouse and children to all employees
My final grading "***" is simply not to affect the good professionals working in the organisation. My grading would have been a "**"
My experience in this company, over the ten years, varies from working with a highly executive team in the ITS department, to a painful experience at the Global Delivery Network. ITS, International Tax Services, Transfer Pricing, had good executive management and highly trained and skillful managers, where workload was huge in terms of administrative tasks, but where enthusiasm and leadership encouraged a large team of professionals to do their best and developed a high-performance team.
The salaries at the company are significantly lower than for similar positions in other companies, some times much much lower, setting their trained bilingual employees salaries at the same level as surveillance guards or cleaning personnel, etc.
The administrative functions for the company as a whole (HHRR, GENERAL SERVICES, others) lack good professional organisation and standards. Ranks and salaries are managed discretionally, at least for the administrative functions and separately from each other. A rank does not imply a salary or salary range..., they express. A non-bilingual and unskilled clerk might have a much higher salary than other qualified and bilingual employees with good performance. The performance appraisal system for administrative assistants is unprofessional and twisted according to political needs/binds, personal preferences, and
Questions And Answers about EY
How often do you get a raise at EY?
Asked 20 Nov 2022
Every 2 year
Answered 23 Aug 2023
Yearly
Answered 22 Aug 2023
What is the promotion process like at EY?
Asked 20 Nov 2022
Very bad
Answered 7 Sept 2023
Transparent
Answered 22 Aug 2023
What should you wear to an interview at EY?
Asked 1 Mar 2017
Formal Dress
Answered 10 Nov 2021
Formal dress
Answered 26 Feb 2019
Why did you leave your job at EY?
Asked 27 Mar 2017
Because not getting enough money for study
Answered 21 Jul 2019
To exolore my skills to the better working world.
Answered 11 Sept 2018
How are the working hours at EY?
Asked 25 Feb 2017
Yes,part time
Answered 15 Jan 2019
Depending on the work pressure.Everything on the urgent in ey.
