Statutory Audit Manager Job Description Template
The Statutory Audit Manager at Pierian Services is responsible for leading and managing audit engagements, ensuring compliance with legal and regulatory standards. This role involves overseeing the audit team, providing guidance, maintaining client relationships, and delivering high-quality financial assessments to support our clients' business operations.
Responsibilities
- Lead and manage audit engagements to ensure compliance with statutory regulations.
- Supervise and mentor a team of auditors to ensure high quality and performance.
- Develop audit strategies, plans, and timelines.
- Ensure accurate and timely completion of audit processes.
- Review and evaluate audit reports, providing actionable recommendations.
- Maintain strong client relationships and handle client inquiries effectively.
- Stay updated on changes in laws and regulations impacting audits.
- Collaborate with other departments to ensure alignment and efficiency.
Qualifications
- Bachelor’s degree in Accounting, Finance, or related field.
- Professional certification such as CA, CPA, or equivalent.
- 5+ years of experience in statutory auditing.
- Proven experience in managing audit teams and complex audit engagements.
- In-depth knowledge of auditing standards, statutory requirements, and regulations.
- Excellent analytical, organizational, and problem-solving skills.
Skills
- Auditing
- Accounting
- Financial Analysis
- Statutory Compliance
- Team Leadership
- Risk Management
- Client Relationship Management
- Regulatory Knowledge
- MS Office
- Audit Software
Frequently Asked Questions
A Statutory Audit Manager oversees the audit process to ensure compliance with statutory requirements and industry standards. They review financial records, evaluate the support for financial claims, manage audit teams, and provide strategic recommendations based on audit findings. Their role is crucial for ensuring transparency and accuracy in a company's financial reporting.
To become a Statutory Audit Manager, one typically needs a bachelor's degree in accounting, finance, or a related field, along with a professional certification such as CPA or CA. Experience in auditing, particularly statutory auditing, is essential, often requiring at least five years in the field. Strong leadership skills and expertise in financial regulations are also crucial for this role.
The average salary for a Statutory Audit Manager varies based on location, experience, and the size of the employing organization. In general, statutory audit managers receive a competitive salary that reflects their expertise and responsibilities, often including performance bonuses and benefits. Salary expectations should be aligned with industry standards and regional economic conditions.
A Statutory Audit Manager typically needs a degree in accounting or finance and professional certifications like CPA, ACCA, or CA. Extensive experience in auditing, particularly in performing statutory audits, is crucial. Knowledge of financial regulations and compliance standards, along with strong analytical and managerial skills, are also important qualifications.
A Statutory Audit Manager must possess strong analytical skills to interpret complex financial data, excellent communication skills for reporting findings, and leadership abilities to manage audit teams effectively. Responsibilities include planning and overseeing audits, ensuring adherence to statutory requirements, advising on policy improvements, and maintaining up-to-date knowledge of financial legislation.