Assurance Experienced Senior, Asset Management

Assurance Experienced Senior, Asset Management

Houston, TX, United States and 4 more

Job Summary:

BDO’s Asset Management and Private Equity Fundspractice is a dynamic and rapidly growing practice nationwide, focused specifically on private equity funds, venture capital funds, fund of funds, small business investment companies (SBICs), business development companies (BDCs), real estate funds, and other alternative investment vehicles. The Assurance Experienced Senior will be responsible for the day-to-day execution of several of our premium asset management clients, including private equity funds and venture capital funds.

These duties will encompass the planning, fieldwork execution, and the "wrap-up" phases of the audit. This role reports directly to a Principal and will assist in coordinating with IT, valuation, and tax specialists or in other fields of financial assessment. The Experienced Senior takes the lead in designing and supervising the implementation of the audit approach and in drawing up reports and recommendations.

This position advises clients on financial reporting and regulatory developments and keep up to date with regulatory changes by attending internal and external seminars. The individual in this role will be a part of a highly motivated, diversified team in a rapidly developing sector.

Job Duties:

• Applies knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures by:
• Applying knowledge of transactional flow and key transactional cycles to complete audit work
• Documenting, validating, and assessing the design and operating effectiveness of the clients’ internal control system
• Identifying and communicating suggested improvements to client internal controls and accounting procedures in an effort to reduces risk within the client organization
• Supervising and reviewing the work of audit staff

GAAP

• Applies knowledge and understanding of governing principles, applying these principles to client transactions and documenting and communicating an understanding and application of these principles by:
• Communicating financial statement disclosure requirements to clients
• Drafting complex sets of financial statements with disclosures
• Recognizing and applying new pronouncements to client situations
• Identifying, analyzing, and discussing alternative generally accepted accounting principles with the Manager, Senior Manager, engagement partner, and the client, as needed
• Identifying complex accounting issues and bringing them to the attention of superiors for resolution
• Coaching less experienced team members in new areas

SEC and PCAOB

• Applies knowledge and understanding of SEC regulations and PCAOB guidelines, and documents and communicates the application of these principles by:
• Reading and reviewing clients’ SEC filings, ensuring accuracy and completeness while also ensuring that all financial information is documented in the work papers and through appropriate testing
• Preparing required communications to the Client and the Audit Committee
• Planning and executing Section 404 internal control audits including obtaining an understanding of the control environment, designing test plans, evaluating deficiencies, and assessing the overall financial reporting control environment

GAAS

• Applies knowledge and understanding of professional standards, application of the principles contained in professional standards, and the ability to document and communicate an understanding and application of professional standards on an engagement by:
• Formulating and communicating the audit plan
• Applying GAAS to a variety of complex issues and consults others as appropriate
• Employing audit skepticism and determining when to reduce or expand testing
• Utilizing BDO audit manuals as appropriate for the situation
• Documenting deviations from BDO policy, with approval

Methodology

• Applies knowledge and application of BDO standards to guide effective and efficient delivery of quality services and products by:
• Coordinating the day-to-day conduct of the audit plan by ensuring the field work is executed and completed as…