Requisition id: 1727832

The opportunity : Assistant Manager-National-Assurance-ASU - FAAS - Financial&AccountingAdv - Mumbai

National :

National comprises of sector agnostic teams working across industries for a well rounded experience.

ASU - FAAS - Financial&AccountingAdv :

Assurance's purpose is to inspire confidence and trust to enable a complex world to work. We do so by protecting and serving the public interest, promoting transparency, supporting investor confidence and economic growth and nurturing talent to provide future business leaders . We help clients by :

Ensuring their accounts comply with the requisite audit standards
Providing a robust and clear perspective to audit committees and
Providing critical information for stakeholders.

Our Service Offerings include External Audit, Financial Accounting Advisory Services (FAAS) , IFRS & US GAAP conversion , IPO and other public offering, Corporate Treasury - IFRS 9 accounting & implementation support etc.

Your Key Responsibilities

Technical Excellence

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. The opportunity: Assistant Manager – Assurance – Financial Accounting and Advisory Services (FAAS) – PAN India About the EY FAAS team FAAS assists EY's advisory clients in solving their complex accounting and financial reporting issues in Indian GAAP, IFRS, US GAAP, or Ind-AS. FAAS solutions are provided by a senior team – generally, manager and above - with strong financial reporting skills, in-depth sector knowledge, and an advisory mindset. 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 is strongly aligned to the accounts and Business Unit structure at EY, which is set up according to sector. This means that you will have the chance to improve your sector knowledge of particular industries. FAAS also has a strong network within EMEIA and the Global firm of EY, which means we can bring the best practices and experiences to bear for our clients in India. It may also offer opportunities for international exposure for FAAS India team members. All this provides an excellent opportunity to build on the skills and knowledge you have developed to date in audit or in industry, and to increase the breadth of your experience in the financial reporting implications of transactions, business models, systems implementation and tax planning. FAAS is a small and fast-growing team with excellent exposure to the firm's key clients, and gives excellent growth opportunities for the right candidates. FAAS solutions include: FAAS solution Description/examples of types of projects undertaken by FAAS 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: o Transactions (acquisitions, carve outs, demergers, restructuring) o Preparation for IPO including listing rules in India/UK/US o Complex consolidation structure in an MNC environment including implementation of ERP/consolidation IT system o Tax planning and complex structures o Developing and delivering technical training o Specific financial reporting topics: revenue recognition; financial instruments; off-balance sheet financing; consolidation and SPEs; banking; insurance;
Strong project management skills
Excellent communication skills

Skills And Attributes

To qualify for the role you must have

Qualification

Chartered Accountancy

Experience

Financial Advisory
Financial Analysis (3+ years)

What We Look For

People with the ability to work in a collaborative manner to provide services across multiple client departments while following the commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions. We look for people who are agile, curious, mindful, and able to sustain positive energy, while being adaptable and creative in their approach.

What We Offer

Fuelled by the brilliance of our people, EY has emerged as the strongest brand and the most attractive employer in our field, with market-leading growth over competitors. Our people work side-by-side with market-leading entrepreneurs, game-changers, disruptors, and visionaries. As an organization, we are investing more time, technology, and money than ever before in skills and learning for our people. At EY, you will have a personalized Career Journey and also the chance to tap into the resources of our career frameworks to better know about your roles, skills, and opportunities.

EY is equally committed to being an inclusive employer, and we strive to achieve the right balance for our people—enabling us to deliver excellent client service while allowing our people to build their careers as well as focus on their wellbeing.

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

Join us in shaping the future with confidence. Apply Now

Assistant Manager - Assurance - National - ASU - FAAS - Financial&AccountingAdv - Mumbai