Senior Manager - NFP (Not for Profit)

Grant Thornton INDUS; Bengaluru; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Grant Thornton INDUS is seeking a professional for their not-for-profit audit team in Bengaluru, India. You will lead audits for various not-for-profit organizations and supervise engagement teams to ensure compliance with US GAAP and OMB guidelines.

The successful candidate should have a minimum of 12-15 years of audit experience, expertise in Single Audit, and strong people management skills. This role requires excellent communication with US teams and the ability to manage multiple engagements effectively.

Qualifications

• Minimum 12 - 15 years of progressive audit experience in a medium-to-large public accounting firm or equivalent.

Responsibilities

• Lead or supervise the engagement team on not-for-profit audits.
• Manage multiple engagements to meet client deadlines.
• Provide supervision and support to the engagement staff.
• Collaborate on client issue resolution and make recommendations.

Skills

Strong technical expertise in OMB Uniform Guidance (Single Audit)

Communication with clients/US teams

Project management skills

Problem-solving skills

Ability to train and mentor team members

Education

Minimum 12 - 15 years of progressive audit experience in public accounting

Job description

The not-for-profit audit team is a part of the Grant Thornton INDUS. As a professional in this team, you will work with GT US teams to audit various not-for-profit organizations (for example, higher education institutions, social services and religious organizations among others).

Responsibilities

• Lead or supervise the engagement team staff on the planning and execution of a not-for-profit organization audit, including performing audits in accordance with GAGAS.
• Experience performing audits of various types of not-for-profit organizations such as higher education institutions, religious, social service and cultural organizations, among others.
• Familiarity with US GAAP related to contribution revenue and pledges receivable, alternative investment portfolios, and endowment net assets. Experience in performing an audit in accordance with OMB Uniform Guidance (Single Audit), specifically determining major programs, performing risk assessment on major programs, testing allowable costs and other direct and material compliance requirements (for example, cash management and reporting). Experience auditing the Department of Education Student Financial Aid Cluster major program in accordance with the annual OMB Compliance Supplement.
• Working knowledge of relevant accounting standards per US GAAP e.g., ASC 958. Oversee the day-to-day operations of the audit engagement from staffing, planning, risk assessment, fieldwork, financial reporting and the conclusion. Proactive while communicating operational challenges to US teams regarding availability of team members, utilization of hours, actively seeking and providing feedback. Provide supervision and support to the engagement staff, seniors and supervisors and promote open communication to the engagement partner. Collaborate with engagement team seniors or supervisors and partners on client issue resolution and make recommendations for any legal, regulatory and accounting issues that arise during an audit engagement. Manage multiple engagements with various teams to meet client deadlines. Take part in various admin activity of the firm

Skills

• Strong technical expertise in an audit in accordance with OMB Uniform Guidance (Single Audit), specifically determining major programs, performing risk assessment on major programs, testing allowable costs and other direct and material compliance requirements
• Oversee the efforts of multiple client engagements with the ability to manage and deliver quality results. Maintain strong communication with clients/US teams to manage expectations, ensure satisfaction, and lead change efforts effectively. Perform and conduct detail review of Senior Associate’s/Managers work (Detailed or Quality depending on the complexity of task and experience of Senior Associate).
• Provide on the job training and coaching to audit team members. Facilitate and lead trainings. Manage, develop, train, and mentor staff on projects and assess performance for engagement and year-end reviews Conduct one to one meeting with Senior Associates/Managers at regular intervals to discuss technical, soft skills and career development goals Manage escalation emails and calls. Regular catchups with US partners and Leadership to discuss changes/updates.
• Strong people and project management skills Problem Solving Skills: Resolve problems of team and Manage escalation emails and calls and resolve the matter Agile: Ability to adapt and accept challenging situations and tasks and perform with the utmost professionalism.

Education / Professional Experience/ Qualifications

• Minimum 12 - 15 years of progressive audit experience in a medium-to-large public accounting firm or equivalent