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EY Senior FAAS Technical Accounting 
Luxembourg 
974760662

Yesterday

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
Your key responsibilities
  • 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)
Skills and attributes for success
  • 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
Additional Attributes for Success
  • 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)
What we offer you
  • 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.