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EY Assistant Manager - Assurance National 
India, Karnataka, Bengaluru 
473451245

15.09.2024

Requisition Id : 1531528

– Assurance – Financial Accounting and Advisory Services (FAAS) – PAN India

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 solutions include:

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

· IFRS impact assessment for cross-border acquisition

· EBITDA impact of acquisition

· Carve-out and demerger accounting

· Accounting policy alignment – pre- or post-acquisition

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

IFRS training, ad-hoc support and on-call services

· Accounting support for new business models

· Tailored training programme for specific company/industry

· White paper/accounting advice on specific transactions

Your key responsibilities

  • Manage / execute FAAS projects, develop and implement solutions (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
  • Regular travel will be required as you will be meeting with key clients, some of those being the most respected in their fields.

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 IGAAP and/or IFRS and/or US GAAP financial reporting experience in complex/large companies, most likely in audit/advisory/transaction vertical or MNC finance/M&A environment
  • Minimum 3-5 years of relevant post qualification experience
  • Ability to explain complex accounting and financial reporting issues simply
  • 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:
    • Transactions (acquisitions, carve outs, demergers, restructuring)
    • Preparation for IPO including listing rules in India/UK/US
    • Complex consolidation structure in an MNC environment including implementation of ERP/consolidation IT system
    • Tax planning and complex structures
    • Developing and delivering technical training
    • Specific financial reporting topics: revenue recognition; financial instruments; off-balance sheet financing; consolidation and SPEs; banking; insurance;
  • Strong project management skills
  • Excellent communication skills