Senior Manager/Manager Statutory Audit-CA firm

Munsar Services; Mumbai; On-site; INR 2,400,000 - 4,200,000; Full time

Job summary

Munsar Services is seeking an Assurance Manager to lead the practice as an independent division in Mumbai. The role involves shaping the service delivery framework, coordinating audits across departments, and guiding teams through standardised methodologies.

The ideal candidate will have significant exposure to statutory audits, BFSI regimes, and IFRS/US GAAP conversions, with a proven track record in staff development and client management.

Qualifications

• 5+ years of experience in managerial audit roles in statutory auditing and BFSI domains.
• Experience with IFRS convergence and US GAAP conversion is desirable.
• Exposure to government company audits and group reporting is beneficial.

Responsibilities

• Peer review: ensure quality of delivery and correct application of service delivery methodologies.
• Practice development: implement methodologies, standardize audit procedures, and update manuals.
• Administration: plan engagements, manage budgets, billing, and client relationships.
• Training: develop staff training modules and conduct inductions and soft skills sessions.
• Resource management: staff appraisals, interviews, and building teams.
• Employee retention and crisis management: maintain morale and resolve crises with proactive solutions.

Skills

Statutory Audit

IFRS Convergence

US GAAP conversion

BFSI audit

Audit of Government Companies

Group reporting

Concurrent audit

Job description

What's in it for you?

As an Assurance Manager,you will have the freedom to run the practice as an independent division. Envision, develop and strategize to achieve the goals for your division, it is an exciting mix of operational and people development. Providing an opportunities to explore versatile development areas like knowledge development, client development, business development initiatives etc. we present you a platform to expand your horizon by becoming a part of a growing practice

JOB DESCRIPTION

Peer Review

• Final check on:
• quality of delivery
• application of service delivery methodologies

Practice development

• Implementing and maintaining service delivery methodologies
• Ensuring uniform audit practices across the firm
• Updating manuals and methodologies keeping in mind the dynamic environment
• Uniform implementation of Auditing Standards across the firm
• Developing methodologies for new areas practices
• Standardization of procedures for existing work
• Preparing partners meeting presentation
• Preparing for regular Partner manager meeting
• Planning for all audit clients and coordination with other departments
• Monitoring Project management for all clients within audit
• Research updating
• technical support to own and other practices
• Implementation of software tools for audit
• Releasing alerts on regular basis

Administration

• Planning & Scheduling of engagements and staff
• Engagement profitability
• Billing & Collection
• Preparation of Budgets for the Practices
• Budget V/s Actual comparison and analyze the reasons
• Preparation of Business Plan for the Practice
• Business development
• Client relationships
• Relationships are properly maintained
• Quality of delivery
• Timeliness of delivery
• Revision in fees
• Regular meetings with clients
• Pricing strategy
• New products
• Presentations
• Sales materials
• Sales pitches
• Review of Flyers
• Proposals
• Pipeline management
• Engagement acceptance terms

Training

• Developing a training module for staff and ensuring that the same is adhered to
• Induction training
• Staff training on technical matters
• Soft skill training for staff
• Outside training at seminars

Resource Management

• Staff Appraisals
• Interviews
• Training
• Increments
• Proper Job descriptions based on the work being handled
• Building teams

Employee Retention

• Review of efficient and effective planning, selection and team management of all resources throughout the year including temporary resource redeployment within team / with other departments,
• Building of team morale and motivate people in the team and firm,
• Address issues at emotional / infrastructural level at work being faced by teams, take responsibility for team building and motivation of teams
• Identifying training needs of teams and assist in skill building where deficiencies identified,
• Ensure on-boarding and process training happens for new employees
• Perform timely appraisal and provide balance between firm and employee aspirations
• Develop the next manager, and other subordinates for the next levels

Crisis Management

• Resolve by providing upfront solutions under engagement / practice crisis situations

Core Competencies

• Service Orientation Should be aware of both - the internal as well as external customers and their needs; and is committed to meeting the customers evolving, long-term needs the focus is on SERVICE
• Result Orientation Should be able to direct efforts towards developing and implementing realistic action plans to meet business objectives; with a sense of urgency the focus is on achieving RESULTS
• Initiative – One must not only understand and accept the responsibilities towards his/her job; but also proactively works towards identifying challenges and its resolution – the focus is on seeking SOLUTIONS
• Professionalism – Should have in-depth knowledge of all functions and displays not only required skill-set, but also ethics and integrity while conducting the job – the focus is on PROFESSIONALISM
• Cooperation – One must ensure completion of all tasks at hand and simultaneously extends support to team members and displays joint ownership towards achieving business objectives – the focus is on TEAMWORK
• Communication/Feedback – Should believe in providing feedback to other associates and receiving feedback to enhance performance, thereby meeting business objectives – the focus is on OPEN COMMUNICATION

DESIRED CANDIDATE PROFILE

• 5+ years of experience for Manager and 8+ for Senior Manager in the following areas is essential
  • Specialist knowledge of Statutory Audit of Companies / Firms / Banks etc.
  • Audit of Government Companies appointed by the CAG
  • IFRS Convergence
  • Group reporting
  • US GAAP conversion from Indian GAAP
  • Concurrent audit of Banks – only large forex and investment divisions only
  • BFSI audit experience
• Knowledge & exposure to the following areas will be an added advantage
  • BFSI experience - Statutory, internal and concurrent
  • Certification work including remittance certificates
  • Limited Review
  • Tax Audits
  • XBRL
• Proven supervisory / leadership abilities
• Excellent written and spoken communication skills including legal/technical drafting
• Excellent interpersonal skills and good analytical / process skills