Manager || Statutory Audit Job Description Template
The Manager of Statutory Audit is a critical position within our Finance team, charged with overseeing and managing the statutory audit function. You will ensure that financial statements are accurate, compliant with regulations, and properly audited. Collaboration with various departments and external auditors is key to achieving success in this role.
Responsibilities
- Lead and manage the statutory audit process across various entities.
- Ensure compliance with regulatory requirements and internal policies.
- Review financial statements and reports for accuracy and completeness.
- Coordinate and facilitate communication between the audit team and other departments.
- Identify areas of financial risk and work on mitigation strategies.
- Support audit planning and ensure timely execution of audit activities.
- Present audit findings to senior management and stakeholders.
- Manage and mentor junior audit staff to enhance their skills and performance.
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field.
- Certified Public Accountant (CPA) or equivalent certification.
- At least 5-7 years of experience in statutory audit, with a minimum of 3 years in a managerial role.
- In-depth knowledge of auditing standards, financial regulations, and compliance requirements.
- Proven track record of leading audit teams and managing audit projects.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
Skills
- Statutory Audit
- Financial Reporting
- Regulatory Compliance
- Audit Planning
- Risk Assessment
- Team Leadership
- Communication
- Analytical Skills
- Microsoft Excel
- Accounting Software
Frequently Asked Questions
A Manager in Statutory Audit oversees and leads statutory audit engagements to ensure compliance with financial regulations. They are responsible for planning, executing, and completing audits, managing audit teams, and liaising with clients to address audit findings. Their role is critical in providing assurance on the accuracy and integrity of financial statements.
To become a Manager in Statutory Audit, one typically needs a bachelor's degree in accounting, finance, or a related field, along with several years of experience in auditing. Professional certifications like CPA or ACA are highly valued. Strong analytical skills, leadership abilities, and proficiency in auditing standards are essential for this career progression.
The average salary for a Manager in Statutory Audit varies depending on the industry, location, and level of experience. Generally, these managers earn a competitive salary reflecting their expertise in auditing and compliance. Compensation packages often include bonuses and benefits, which can augment their overall earnings.
Qualifications for a Statutory Audit Manager typically include a bachelor's degree in accounting, finance, or a related discipline. Professional certifications such as Certified Public Accountant (CPA) or Chartered Accountant (CA) are often required. Practical experience in auditing, strong analytical skills, and knowledge of regulatory standards are also essential.
A Manager in Statutory Audit must possess strong analytical skills, attention to detail, and excellent communication abilities. Their responsibilities include managing audit teams, ensuring audit compliance, reporting audit findings, and recommending improvements. Experience with financial regulatory frameworks and client management are also key skills for this role.