Audit Associate

LBMC; Chennai District; On-site; INR 550,000 - 850,000; Full time

Job summary

LBMC is seeking a detail-oriented US Audit Associate focused on Employee Benefit Plan audits. The role targets 1–3 years in public accounting with exposure to retirement and other benefit plans.

You will develop technical expertise and collaborate with a dynamic audit team across diverse client industries. Responsibilities include planning, data testing, preparing statements, and communicating findings to clients while staying updated on ERISA, DOL, and IRS guidelines.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• CA, CA-Inter, CMA, US CMA, CPA certification/qualification preferred.
• 1-3 years of public accounting experience with exposure to Employee Benefit Plan audits.
• Understanding of ERISA, DOL, and IRS guidelines for EBP audits.
• Proficiency in audit software and MS Office Suite.

Responsibilities

• Assist in planning, execution, and completion of Employee Benefit Plan audits per ERISA, DOL, IRS.
• Perform procedures testing participant data, contributions, distributions, and plan documents.
• Identify and resolve audit issues while maintaining working papers.
• Prepare financial statements, footnotes, and audit deliverables.
• Collaborate with senior auditors and managers to meet deadlines.
• Communicate with clients to gather information and clarify findings.
• Stay current on industry regulations and audit standards for EBP audits.
• Participate in training to enhance technical skills and audit knowledge.

Skills

Attention to detail

Analytical thinking

Strong communication

Time management

Education

Bachelor's degree in Accounting, Finance, or related field

CA/CPA certification preferred

Tools

Audit software

Microsoft Excel

Word

Outlook

Job description

We are seeking a detail-oriented and motivated US Audit Associate specializing in Employee Benefit Plan (EBP) audits. The ideal candidate will have 1-3 years of experience in public accounting with a focus on auditing retirement plans and other employee benefit plans. This role offers the opportunity to develop technical expertise, collaborate with a dynamic audit team, and gain exposure to diverse client industries.

SCOPE OF WORK

• Assist in the planning, execution, and completion of Employee Benefit Plan audits in compliance with ERISA, DOL, and IRS regulations.
• Perform audit procedures including testing participant data, contributions, distributions, and compliance with plan documents.
• Identify and resolve audit issues while maintaining audit documentation and working papers.
• Prepare financial statements, footnotes, and other required audit deliverables.
• Collaborate with senior auditors and managers to ensure the timely completion of engagements.
• Communicate effectively with clients to gather information and clarify audit findings.
• Stay current on industry regulations and audit standards related to EBP audits.
• Participate in training and professional development activities to enhance technical skills and audit knowledge.

IDEAL CANDIDATE PROFILE

• Bachelor's degree in Accounting, Finance, or a related field.
• CA, CA-Inter, CMA, US CMA, CPA certification/qualification or progress toward certification/ qualification preferred.
• 1-3 years of experience in public accounting with exposure to Employee Benefit Plan audits preferred.
• Understanding of ERISA, DOL, and IRS guidelines as they pertain to EBP audits.
• Proficiency in audit software and Microsoft Office Suite (Excel, Word, Outlook).
• Strong analytical skills and attention to detail.
• Excellent verbal and written communication skills.
• Ability to manage multiple tasks and meet deadlines in a fast-paced environment.