Partner- Statutory Audit

Vahura; Mumbai; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

Vahura in Mumbai seeks an experienced audit leader to head the Statutory Audit division, steering planning, supervision, and delivery of statutory audits for a diverse client base. You will ensure compliance with the Companies Act and SA/AS/IND AS guidelines.

You will drive growth through client development, mentor a high-performing team, and uphold the highest standards of quality, ethics and independence as required by ICAI.

Qualifications

• Experience leading and managing statutory audits.
• Knowledge of the Companies Act and SA/AS/IND AS guidelines.
• Proven leadership and people management skills.
• Strong client relationship and business development abilities.
• Commitment to ethics and independence per ICAI.

Responsibilities

• Lead planning, supervision, and review of statutory audits.
• Ensure compliance with regulatory standards and accounting guidelines (SA/AS/IND AS).
• Review financial statements and audit reports before issuance.
• Provide technical guidance on complex accounting and auditing matters.
• Mentor and develop Managers, Assistant Managers, Seniors and Articles.
• Allocate engagements and monitor team performance.
• Build a culture of quality, accountability, and continuous learning.

Skills

Statutory Audit

ICAI guidelines

IND AS

Accounting Standards

Financial Reporting

Leadership

People management

Business development

Communication

Negotiation

Strategic thinking

Job description

• Lead and manage the Statutory Audit division.
• Develop and implement strategies for practice growth.
• Build and maintain long-term client relationships.
• Represent the firm in meetings with clients, regulators, and stakeholders.

Audit Management

• Plan, supervise, and review statutory audits.
• Ensure compliance with the Companies Act, Standards on Auditing (SA), Accounting Standards (AS), IND AS, and ICAI guidelines.
• Review financial statements and audit reports before issuance.
• Provide technical guidance on complex accounting and auditing matters.

Business Development

• Identify new business opportunities.
• Prepare proposals and participate in client presentations.
• Expand the firm's audit portfolio through networking and referrals.
• Cross-sell other professional services offered by the firm.

Client & Team Management

• Act as the primary point of contact for key clients.
• Address complex client issues and provide strategic advice.
• Mentor and develop Managers, Assistant Managers, Seniors and Articles.
• Allocate engagements and monitor team performance.
• Mentor Managers, Assistant Managers, Seniors, and Articles.
• Conduct technical training sessions.
• Allocate engagements and monitor team performance.
• Build a culture of quality, accountability, and continuous learning.
• Ensure adherence to ICAI ethical standards and independence requirements.
• Maintain quality control and peer review standards.
• Identify audit risks and recommend appropriate mitigation measures.

Key Performance Indicators (KPIs)

• Revenue generated from Statutory Audit engagements.
• Client acquisition and retention.
• Timely completion of audit assignments.
• Audit quality and compliance.
• Team productivity and employee development.
• Client satisfaction.
• Practice profitability.

Required Skills

• Strong knowledge ofStatutory Audit, Companies Act, and Standards on Auditing.
• Expertise in IND AS, Accounting Standards, and Financial Reporting.
• Excellent leadership and people management skills.
• Strong analytical and problem-solving abilities.
• Business development and client acquisition capability.
• Excellent communication, presentation, and negotiation skills.
• Strategic thinking with commercial acumen.