EY Senior FAAS Technical Accounting 

Luxembourg 

974760662

At EY, the FAAS Team provides varying types of accounting and non-accounting services covering wide range of topics and experiences including (but not limited to):

• GAAP conversions
• complex accounting assessments
• financial and nonfinancial reporting and consolidation
• finance process improvement
• financial and non-financial analysis
• finance IT system migration
• audit remediation
• internal controls assessment
• regulatory reporting
• treasury and hedging
• technical finance training
• benchmarking and market analysis
  

• Execute the following technical tasks:
  • Analyse client’s requested tasks, including reading and analysis of contracts or transactions and the documentation of relevant/critical features for your analysis
  • Conduct thorough technical accounting research and analysis to determine the accounting consequences of certain contracts or transactions
  • Benchmark client specific information to the relevant industry information in order to make possible recommendations for improvements
  • Write technical accounting memoranda
  • Continuously learn in relation to relevant accounting updates
• Assist clients to navigate through accounting changes by developing fit-to-purpose solutions and/or providing practical expedients
• Follow through on client requests in a timely fashion, and manage expectations regarding the timing of deliverables and reports
• Collaborate with your managers and partners to influence strategy, balancing risk and client expectations
• Support your managers and partners in monitoring engagement and performance and identifying opportunities to improve our products and processes and in other non-client related tasks
• Foster cross-functional relationships across service lines to ensure seamless, integrated support, while continuously identifying opportunities to enhance team performance, service delivery, and internal processes.
• Leverage our delivery tools and service enablers, you’ll assist in planning and executing small-scale to large-scale, complex projects and play a key role in the successful delivery of services to our clients.
• Supervise and coach Junior Consultants, fostering a collaborative and high-performing team environment.
• Stay informed of professional standards and firm policies (e.g., guidelines of the EY Assurance Advisory Quality & Risk Management Manual)

• A university degree in Economics, Finance, Accounting, or equivalent
• Possession of a recognized accounting certification such as Chartered Accountant, CPA or ACCA
• 3-5 years ofrelevant experience, with at least one year focused on technical financial accounting analysis. Candidates with prior Big4 experience will have an added advantage
• Working experience in relation to the following services/solutions (at least three):
  • • Technical accounting research and memo writing
    • GAAP conversions and implementation of new accounting standards
    • Drafting and designing accounting policies
    • Consolidation and compilation support
    • Financial statement close process support
    • Audit of banks or other institutions reporting under IFRS or US GAAP
    • Quantitative analysis such as EIR amortization, DCF exercise, complex valuation models for derivatives, or use of valuation tools such as Bloomberg and the likes
    • Transaction accounting and reporting – IPOs, Carve-outs, Purchase price allocation, etc.
    • Benchmarking services and market analysis
• Fluency in English; additional languages like French, German, Italian or Spanish is an asset
• Strong analytical skills with a detail-oriented approach, capable of solving complex problems independently
• Strong understanding of International Financial Reporting Standards (IFRS)
• Experience in reviewing financial statements
• Strong technical and formal writing and presentation skills

• Familiarity with other accounting frameworks used in Europe, such as US GAAP, UK GAAP, French GAAP, Luxembourg GAAP, etc., even if not at an expert level
• Experience with the following key topics:
  • IFRS 9 in relation to classification and measurement
  • IFRS 9 in relation to expected credit losses
  • IFRS 9 in relation to hedge accounting
  • IAS 32 in relation to debt and equity classifications
  • IFRS 13 in relation to fair value measurement
  • IFRS 7 in relation to disclosure requirements for financial instruments
  • IFRS 3 in relation to business combination and purchase price allocation
  • IFRS 10 in relation to consolidation rules
  • IFRS 15 in relation to revenue recognition
  • IFRS 16 in relation to leasing transactions
  • IAS 36 in relation to impairment of non-financial assets
  • Other complex accounting standards (to be elaborated during the interview)
• Time management skills, handling of multiple tasks and engagements simultaneously while maintaining quality, and the capacity to work under tight deadlines

• Effective verbal communication skills, with the ability to engage with clients and collaborate within a team

• Proficiency in office-related computer skills (Word, Excel, PowerPoint)

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

Our offer of employment is contingent upon the successful completion of a background check and pre-screening requirements. The candidate acknowledges that all information provided must be accurate.