Other locations: Primary Location Only
Requisition Id: 1733232
As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom. At EY, we don't just focus on who you are now, but who you can become. We believe that it’s your career and ‘It’s yours to build’ which means potential here is limitless and we'll provide you with motivating and fulfilling experiences throughout your career to help you on the path to becoming your best professional self.
The opportunity : Manager-National-Assurance-ASU - FAAS - Financial&AccountingAdv - Mumbai
National :
National comprises of sector agnostic teams working across industries for a well rounded experience.
ASU - FAAS - Financial&AccountingAdv :
Assurance’s purpose is to inspire confidence and trust to enable a complex world to work. We do so by protecting and serving the public interest, promoting transparency, supporting investor confidence and economic growth and nurturing talent to provide future business leaders . We help clients by :
1) Ensuring their accounts comply with the requisite audit standards
2) Providing a robust and clear perspective to audit committees and
3) Providing critical information for stakeholders.
Our Service Offerings include External Audit, Financial Accounting Advisory Services (FAAS) , IFRS & US GAAP conversion , IPO and other public offering, Corporate Treasury - IFRS 9 accounting & implementation support etc.
Your key responsibilities
Technical Excellence
- As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. The opportunity: Manager – Assurance – Financial Accounting and Advisory Services (FAAS) – Mumbai About the EY FAAS team FAAS assists EY’s advisory clients in solving their complex accounting and financial reporting issues in Indian GAAP, IFRS, US GAAP, or Ind-AS. FAAS solutions are provided by a senior team – generally, manager and above - with strong financial reporting skills, in-depth sector knowledge, and an advisory mindset. The challenge of working in the FAAS team is very different from being part of the Audit or Assurance practice or even an industry role, although all of your experience to date will be relevant. Firstly, all assignments are project-based, and the primary skill-set required is one of problem solving not problem identification. In addition, you will very often find yourself working as part of a multi-disciplinary team, alongside EY professionals from the Transaction Support, Advisory, Valuations or Tax team. And at manager level and above, you will be responsible for an account portfolio, developing further opportunities to support our clients. FAAS is strongly aligned to the accounts and Business Unit structure at EY, which is set up according to sector. This means that you will have the chance to improve your sector knowledge of particular industries. FAAS also has a strong network within the Global firm of EY, which means we can bring the best practices and experiences to bear for our clients in India. It may also offer opportunities for international exposure for FAAS India team members. All this provides an excellent opportunity to build on the skills and knowledge you have developed to date in audit or in industry, and to increase the breadth of your experience in the financial reporting implications of transactions, business models, systems implementation and tax planning. FAAS is a small and fast-growing team with excellent exposure to the firm’s key clients, and gives excellent growth opportunities for the right candidates. FAAS solutions include: FAAS solution Description/examples of types of projects undertaken by FAAS GAAP conversions · Conversion of financial statements from IGAAP to Ind-AS · Reverse conversion for overseas acquisition (IFRS to IGAAP). Consolidation implementation & accounting manuals · Accounting support for client when selecting new consolidation system – for example, elimination entries required or multi-currency reporting · Preparation of accounting manual for group with multiple entities/jurisdictions – IGAAP or IFRS Transaction support and financial reporting · Accounting support in financial reporting for ULBs / Government entities · IFRS impact assessment for cross-border acquisition · EBITDA impact of acquisition · Carve-out and demerger accounting · Accounting policy alignment – pre- or post-acquisition Digital Solutions
- Assist finance and accounting function in process optimization using digital solutions Tax and tax reporting · Accounting solutions (IGAAP and IFRS) related to tax planning/structuring IPO preparedness · Overall assessment of company’s readiness from financial reporting/governance perspective for IPO process · Project manage production of financial information for IPO process Training, ad-hoc support and on-call services · Accounting and reporting support to Urban Local bodies (“ULBs”) /Government entities · Accounting support for new business models · Tailored training programme for specific company/industry · White paper/accounting advice on specific transactions Job description
- Manage / execute FAAS projects, develop and implement solutions especially in Government sector (including ULBs) (see above)
- Identify and develop business opportunities; manage accounts (depending on level)
- Coach junior team members, encourage technical excellence and learning
- Integrate with other EY service lines on multi-disciplinary projects
- Contribute to thought leadership and participate in marketing activities To qualify for the role you must have
- A qualified CA (or equivalent e.g. CPA/ICAEW/ACCA)
- Good academic record (1st/2nd time passes for ICAI or equivalent)
- Strong experience in accounts and finance functions or audit of Urban Local Bodies (ULBs) or any similar government entities
- Strong IGAAP and/or IFRS and/or US GAAP financial reporting experience in complex/large entities (preferably ULBs/Government entities), most likely in audit/ advisory/ transaction vertical or Government sector environment
- Minimum 6 years of relevant post qualification experience
- Ability to understand and comprehend functions of ULB/ Government organisation framework
- Ability to explain complex accounting and financial reporting issues for ULBs/ Government entities
- Advisory mindset, ability to develop solutions for the client with support from technical subject matter experts
- Business development skills and aptitude, depending on level. In applicants at Senior Manager and above, a strong track record of business development is expected
- Specific financial reporting experience in at least one of the following: o Accounting/Audit and reporting of ULBs/ Government entities o Transactions (acquisitions, carve outs, demergers, restructuring) o Preparation for IPO including listing rules in India o Complex consolidation structure in an MNC environment including implementation of ERP/consolidation IT system o Finance transformation including digital solutions in finance and reporting o Developing and delivering technical training o Specific financial reporting topics: revenue recognition; financial instruments; off-balance sheet financing;
- Strong project management skills
- Excellent communication skills
- Regular travel will be required as you will be meeting with key clients
Skills and attributes
To qualify for the role you must have
Qualification
Experience
- Minimum 6 years of relevant post qualification experience
What we look for
People with the ability to work in a collaborative manner to provide services across multiple client departments while following the commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions. We look for people who are agile, curious, mindful, and able to sustain positive energy, while being adaptable and creative in their approach.
What we offer
Fuelled by the brilliance of our people, EY has emerged as the strongest brand and the most attractive employer in our field, with market-leading growth over competitors. Our people work side-by-side with market-leading entrepreneurs, game-changers, disruptors, and visionaries. As an organization, we are investing more time, technology, and money than ever before in skills and learning for our people. At EY, you will have a personalized Career Journey and also the chance to tap into the resources of our career frameworks to better know about your roles, skills, and opportunities.
EY is equally committed to being an inclusive employer, and we strive to achieve the right balance for our people—enabling us to deliver excellent client service while allowing our people to build their careers as well as focus on their wellbeing.
If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.
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