Summary:
We are seeking a highly skilled Audit Manager to lead and manage audits for complex specialtyfinance clients, including mortgage servicers, MSR investors, business cashadvance lenders, securitization vehicles, nonbank lenders, and FinTechenabled credit providers. The ideal candidate will have a deep technical understanding of US GAAP, ASC 860, ASC 310, ASC 326, ASC 718, fairvalue Level 3 models understanding and auditing along with prior experience handling fastmoving, highvolume lending portfolios and structured financing arrangements. Specialty Finance audit team is a part of the Grant Thornton INDUS. As a professional in this team, you will work with GT US teams to audit various clients with business in the specialty finance industry.
Responsibilities:
- Oversee and manage audits of complex financial services clients, including mortgage servicers, MSR investors, and entities with loans and finance receivables measured at fair value or at amortized cost subject to CECL reserves, such as private loans, CLO's, small-business term loan and line-of-credit portfolios.
- Develop risk-based audit plans addressing high-risk areas (fair value, CECL reserves, ASC 860 financing obligations, covenant compliance, servicing revenue, interest income).
- Manage multiple concurrent specialty-finance engagements across MSR servicers and lending entities.
- Oversee and actively manage engagement economics, timelines, and resource allocation.
- Manage the full lifecycle of audit engagements: planning, fieldwork, review, reporting.
- Perform and review fair value testing, benchmarking, sensitivity analysis, including coordination and review of valuation and modelling specialists.
- Review interest income, PIK accretion, OID, servicing revenues, oversight fees, sub-servicer reconciliations, escrow/custodial accounts.
- Review ITGCs for loan origination sub-systems, servicing platforms, and SaaS environments.
- Review complex financing arrangements, credit facilities, and collateralized obligations.
- Maintain strong client relationships with CFOs, controllers, and finance departments.
- Mentor team on technical topics like Level 3 valuations, CECL reserves, securitizations, and complex lending products.
- Provide supervision and support to the engagement staff, seniors and promote open communication to the engagement partner or other managers.
- Collaborate with engagement teams and partners on client issue resolution and make recommendations for any audit or accounting issues that arise during audit engagement.
- Manage multiple engagements with various teams to meet client deadlines.
- Participate in recruitment and training.
Skills:
- Proficiency in US GAAP, GAAS, and PCAOB rules and standards.
- Strong working knowledge of: ASC 860 - Transfers & Servicing, ASC 310/326 - Receivables & Expected Credit Losses, ASC 820 - Fair Value Measurement and ASC 606 - SaaS revenue
- Experience auditing Level 3 valuation models (DCF-based)
- Proven experience with loan portfolios, securitizations, or MSR financing structures.
- Strong skills in Microsoft Office tools.
- Excellent written and oral communications
- Strong interpersonal skills
- Strong people and project management skills
- Team management: Manage a team of at least 25 members (18 Analyst/ Associate and 7 Senior Associates)
- Problem Solving Skills: Resolve problems of team and Manage escalation emails and calls and resolve the matter.
- Agile: Ability to adapt and accept challenging situations and tasks and perform with the utmost professionalism.
Education / Professional Experience/ Qualifications:
- CA/CPA qualified
- Minimum 6-9 years of progressive audit experience in a medium to large public accounting firm or equivalent
- Big 4 experience a plus
