EY FAAS-Senior 

India, Karnataka, Bengaluru 

569108166

Our FAAS team is growing exponentially, and as a Senior in our Technical Accounting Advisory Group (TAAG) group, you will play a key role in that growth. Working across all industries, you’ll develop your career by communicating creative, strategic goals both internally and externally.

As part of our Technical Accounting Advisory Group, you will help clients manage the complex financial and accounting issues relating to consolidation and joint ventures, IPOs, business combinations, stock-based compensation, revenue recognition, derivatives and hedging, debt vs. equity, SEC reporting, leases, and much more. This is a truly unique opportunity to learn technical accounting at a faster rate and deeper level.

We’re looking for incumbents who can be competent to manage a portfolio of clients and be responsible for the timeliness and quality of the work as per EY Global Standards for our FAAS team. The role requires prior work experience on different accounting topics along with good communication skills. This is a highly visible role allowing you to work with a broad set of projects.

Your key responsibilities

• Execute the following as part of the Technical Accounting team using Global service delivery framework:
  • Accounting advice and transactional support and memo writing for mergers, acquisitions, divestitures, investments, structured finance, debt and equity offerings, leasing, and derivatives
  • Support in research and interpretation of changing standards in both U.S. generally accepted accounting principles (US GAAP) and International Financial Reporting Standards (IFRS) and support on meeting the new requirements
  • Technical research, including analyses of guidance from the Financial Accounting Standards Board (FASB), SEC and International Accounting Standards Board (IASB), and actions taken by fillings available in public domain
  • Accounting policy and governance
• 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 client's 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 FAAS Policy Manual); and effectively apply this knowledge to moderately difficult and/or complex client situations
• Receive direction from the Manager, Senior Manager and Partner

Skills and attributes for success

• Good understanding of IND AS / IFRS / US, UK or IGAAP
• Working experience in relation to the following services/solutions (at least three):
  • Technical accounting research and memo writing
  • Transaction accounting and reporting – IPO’s, Carve Outs, PPA etc
  • GAAP conversions and implementation of new accounting standards
  • Drafting and designing accounting policies
  • Consolidation and compilation support
  • Financial statement close process support
  • Benchmarking services and market analysis
• Ability and comfort level in researching client inquires and emerging issues, including regulations, industry practices and new technologies
• An understanding of marketplace, as well as commonly used terminology, processes and tools

To qualify for the role, you must have

• Chartered Accountant (CA), CPA (US) or ACCA (UK)
• 2-5 years (post qualification) in relevant experience including at least one year of experience in Financial Accounting and Advisory
• Strong technical writing and presentation skills
• Exposure to or interest in complex technical accounting topics is a plus
• Candidates with prior Big4 experience would be an added advantage

Ideally, you’ll also have

• Proficiency in MS – Excel, MS – Office.
• Interest in business and commerciality.
• Flexibility and willingness to travel on short notice, as necessary

What we look for

• A Team of people with commercial acumen, technical experience and enthusiasm to learn new things in this fast-moving environment
• An opportunity to be a part of market-leading, multi-disciplinary team of 7200 + professionals, in the only integrated global assurance business worldwide.
• Opportunities to work with EY GDS Assurance practices globally with leading businesses across a range of industries

You get to work with inspiring and meaningful projects. Our focus is education and coaching alongside practical experience to ensure your personal development. We value our employees and you will be able to control your own development with an individual progression plan. You will quickly grow into a responsible role with challenging and stimulating assignments. Moreover, you will be part of an interdisciplinary environment that emphasizes high quality and knowledge exchange. Plus, we offer:

• Support, coaching and feedback from some of the most engaging colleagues around
• Opportunities to develop new skills and progress your career
• The freedom and flexibility to handle your role in a way that’s right for you

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.