Job Brief
The Senior Audit Associate plays a crucial role in overseeing the audit processes in our organization. The Senior Associate would typically be a professional with up to 5 years professional experience, be meticulous and analytical, with deep knowledge of auditing practices.
The Senior Audit Associate is a reliable resource, with strong organizational skills, as well as a good knowledge of International Standards on Auditing (ISA), International Financial Reporting Standards (IFRS) and local laws and regulations, among others.
Senior Audit Associate is expected to possess experience in a wide-ranging spectrum of industries including both public and private sectors, legal, financial services, banking, insurance, healthcare, retail & distribution, manufacturing among others.
Their responsibilities extend from audit planning, monitoring, oversight & training of peers, execution, client and stakeholder management, fieldwork, and knowledge, application and compliance with International Standards on Auditing and International Financial Reporting Standards.
The Senior Audit Associate will collaborate with and train junior audit staff and provide timely feedback to facilitate skills and career development.
Duties and Responsibilities:
- Plan and oversee audit process
- Continue developing skills to aspire to higher position in the audit practice.
- Develop audit strategies, execute, and monitor fieldwork of audit engagement teams.
- Allocate engagement responsibilities to Associates and Junior staff and plan for review and quality execution thereof.
- Ensure compliance with ISAs and IFRSs and local and regulatory requirements in the preparation of audited financial statements and required disclosures.
- Identify and contribute to resolve audit engagement issues.
- Monitor engagement progress against budget for timely completion.
- Research technical issues arising during audits.
- Work closely with staff and partners to develop and manage client relationships.
- On-the job etiquette and professionalism with clients.
- Execute all phases of the audit process, including financial analysis, planning, substantive testing, and opinion issuance.
- Present audit findings to management.
- Listen and attend to staff training and coaching needs.
- Conduct substantive audit procedures on income statements and balance sheets.
- Perform analytical procedures to identify unexpected trends and audit red flags.
- Perform effective risk and control assessments pertinent to the engagement.
- Timely completion of assigned tasks, deliverables, and reviews on time.
- Ensure that all documentary evidence of audit work, procedures, reviews, and deliverables is recorded on Caseware prior to engagement sign off.
- Timely completion of timesheets weekly.
- Monitor budget utilization against actuals on audit engagements.
- Obtain regular formal upward feedback from junior staff members.
- Complete self-evaluation feedback setting out strengths and areas of improvement.
Requirements and skills
- Between 3 to 5 years of past audit experience or equivalent.
- Degree Holder and/or ACCA/ACA qualified or partly qualified and on course for completion.
- In-depth understanding of auditing and control practices.
- Proficient in MS Office (especially Excel) and accounting & auditing software.
- Experience on advanced excel.
- Strong mathematical and analytical skills.
- Attention to detail.
- Strong organizational abilities.
- Integrity and reliability.
- Strong communication skills.
- Excellent project and time management skills.
- Detail-oriented.
- Excellent to handle sensitive financial information.
- Proficient to research and develop solutions to identified problems.