EY Senior Consultant - Technical Accounting m/f 

Luxembourg 

26608973

We are looking for professionals that are experienced and competent in analysing complex technical accounting requirements and transforming such competency into solutions and/or advice that are useful to clients. In addition, as a technical accounting specialist, you will have the opportunity to work with other teams in audit and advisory for engagements or areas that require technical accounting support.

• Must have a strong understanding of International Financial Reporting Standards (IFRS)
  • An added advantage for candidates familiar 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.
• 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

Added advantage if you have working knowledge of 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)
• Willingness to learn and stay current with other accounting frameworks and new accounting pronouncements
• Ability and comfort level in researching client inquiries and emerging issues, including regulations, industry practices and new technologies
• Ability to analyse financial information
• Ability to provide technical training to both clients and colleagues
• An understanding of marketplace, as well as commonly used terminology, processes and tools
• Basic time management skills
• Ability to balance your own research with asking questions from relevant colleagues

To qualify for the role, you must have:

• A degree (bachelor or master) in Accounting or Finance
• 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.
• Strong technical and formal writing and presentation skills
• Proficient in MS Office (Word, Excel, PowerPoint)

If you qualify for the role, your key responsibilities will include:

• Execution of the following technical tasks:
  • Analysis of 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
  • Writing of technical accounting memoranda
  • Continuous learning 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
• Collaborating with partners and managers to influence strategy, balancing risk and client expectations
• Building relationships with colleagues across multiple service lines to provide seamless integrated service
• Support your managers and partners in monitoring engagement and performance and identifying opportunities to improve our products and processes
• Learn how to utilize EY internal tools for accounting research (e.g., EY Atlas) and documentation (i.e., EY Canvas).
• Stay informed of professional standards and firm policies (e.g., guidelines of the EY FAAS Policy Manual)
• Provide technical coaching to assistants
• Receive and accept technical coaching and directions from managers and partners
• Support your managers and team in other non-client related tasks

Potential for career development

As a senior consultant, you are not far from advancing to a manager. You will receive guidance from your work counsellor and your managers and partners on an ongoing basis, and a formal performance assessment at least 3 times a year. This will include acknowledgment of your strengths and identifying areas that you can still improve. This will also include guidance on the skills and responsibilities required from a manager to prepare you for your career progression in few years.

As a global leader in assurance, tax, transaction and advisory services, we’re using the expertise and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. And with a commitment to hiring and developing the most passionate people, we’ll make our ambition to be the best employer by 2026 a reality.

• In line with our corporate culture , we support you in developing your potential by focusing on topics of diversity, opportunity equality, life balance, further training, and internationality
• Gain experience- we want you to experience more at EY and for you to gain new insights within one of the leading audit and consulting companies
• Foster your development- you will explore our exciting working environment, receive individual mentoring and benefit from getting to know the broad spectrum of our clients
• Building a network- make valuable contacts for your further career and get to know colleagues with different skills, educational and geographical backgrounds. You will discover: The ways of working and thinking in a global company are diverse