Statutory Audit || Assistant Manager Job Description Template
As a Statutory Audit Assistant Manager, you will play a critical role in leading statutory audits, collaborating with clients, and ensuring that financial statements comply with regulatory requirements. You will manage audit teams, review financial documents, identify areas of risk, and offer strategic recommendations.
Responsibilities
- Lead and manage statutory audit engagements from planning through to completion.
- Ensure compliance with financial regulations and standards.
- Review and analyze financial statements and reports.
- Identify areas of risk and assess the effectiveness of internal controls.
- Provide recommendations to improve financial and operational processes.
- Supervise and mentor junior audit staff.
- Collaborate with clients to gather necessary documentation and information.
- Prepare detailed audit reports and present findings to senior management.
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field.
- Professional certification (e.g., CPA, CA) preferred.
- 3-5 years of experience in statutory audit, preferably in a public accounting firm.
- Strong knowledge of auditing standards and financial regulations.
- Proven leadership and team management skills.
- Excellent analytical and problem-solving abilities.
- Strong written and verbal communication skills.
Skills
- Audit Planning
- Financial Analysis
- Risk Assessment
- Internal Controls Evaluation
- Report Writing
- Client Management
- Team Leadership
- Accounting Software
- Microsoft Excel
Frequently Asked Questions
A Statutory Audit Assistant Manager oversees the auditing process for compliance with statutory regulations. Responsibilities include planning audits, supervising junior staff, evaluating financial records, and ensuring reports meet legal standards. They also communicate findings and provide recommendations to senior management, playing a pivotal role in risk management and financial integrity.
To become a Statutory Audit Assistant Manager, candidates typically need a bachelor's degree in accounting, finance, or a related field. Professional accounting certifications such as CPA or ACCA are highly advantageous. Experience in auditing or accounting, along with skills in leadership and problem-solving, are essential. Progression usually involves moving up from junior audit roles.
The average salary for a Statutory Audit Assistant Manager varies based on location, industry, and experience. Generally, it ranges from moderate to high, reflecting the role's responsibility level. Employers may offer additional benefits such as bonuses, healthcare, and retirement plans. It's advisable to research industry standards in specific regions for the most accurate data.
Qualifications for a Statutory Audit Assistant Manager include a bachelor's degree in accounting, finance, or business. Professional certifications like Chartered Accountant (CA), Certified Public Accountant (CPA), or Association of Chartered Certified Accountants (ACCA) are often required. Strong analytical skills, attention to detail, and experience with audit software enhance candidacy.
Key skills for a Statutory Audit Assistant Manager include proficiency in financial analysis, attention to detail, and strong leadership abilities. Responsibilities entail directing audit staff, reviewing financial documents for compliance, and advising on risk management. Effective communication and project management skills are crucial to liaising with clients and ensuring timely audit completion.