Senior Auditor

SENIOR AUDITOR

Location: Manila

Shift: 7:00 AM - 4:00 PM, Monday - Friday

Arrangement: Onsite, Fulltime

Unlock your potential At TOA Global, we have a deep commitment to empowering individuals to excel in their enterprises, careers, and communities. Our global footprint stretches across Australia, New Zealand, North America, Philippines, South Africa, and South America, supporting our global clients in the accounting industry.

About the Role

The Senior is responsible for supervising and completing audit assignments. In the absence of a Supervisor, the Senior is the primary point of contact and control on the audit. This role is responsible for using sound judgement and initiative in managing and planning workflow and completing tasks within time and budgetary constraints. The Senior will provide advice and expertise to Directors across the firm where required, utilising these opportunities to build their own referral network. The Senior will display a commitment to learning & development and the firm's vision & culture.

Key Responsibilities:

Audit Approach

* Ensure that all audits within your control are conducted in line with the organization's audit approach

* Demonstrate good application of this approach in the following areas:

• Financial statement assertions

• Audit risk model

• Touchstone and materiality

• Assessing business and environment

• Developing a sampling plan

• Completion procedures

• Summary of audit documentation

* Stays up to date with changes to audit procedures and that learns to apply new procedures as appropriate

* Running small to medium jobs

Planning & Programming Work

* Demonstrates a good understanding of all sections of the audit file and the audit requirements of each. Can complete work on or review work on each section

* Identify audit and engagement risks and, in that environment, determine the appropriate audit strategy for each assignment in conjunction with the audit Director or manager. The audit strategy proposed should consider the nature of the organisation being audited, for example:

• Reporting or non-reporting entities

• Small or large proprietary companies

• Listed public companies

• Australian subsidiaries of foreign corporations

* Plan out audit assignments, including:

• Agreeing timetables with clients and scheduling staff to meet all deadlines

• Reviewing past files

• Liaising with the client to determine additional areas to be addressed because of changes made during the year

• The efficient mix and number of staff required to complete audit

• Budgeting time and cost

• Drafting checklists of requirements, etc.

• Agreeing with the scope of tax review procedures and agreeing the budget with the Tax Division.

* Program field work, including:

• Liaison with client on timing of fieldwork

• Preparing audit planning memorandum in line with the firm's standard

• Preparing branch/group instructions

* Ensure that the most cost-effective audit techniques are used, for example, ensuring that low risk areas are not over-audited

Control & Supervision of Work

* Ensure that staff on job have a good understanding of the audit process to be followed and how this relates to the type of organisation; the individual roles and reporting structures; and deadlines for each section and the total job

* Allocate work to staff in line with the audit plan. Ensure that clear instructions are provided on and any areas highlighted as needing special attention

* Be aware of the level of skills of each member of the audit team and where necessary, provide on the job training to ensure appropriate completion of work. Be alert to situations where the staff member may not have worked on this type of organisation, may be new to the firm, etc.

* Monitor the completion of work to ensure that completion will meet both time and budgetary restraints

* Keep the manager or Director informed in a timely manner of any likely variances to the budget and highlight any difficulties in meeting the plan

* Ensure that work papers are prepared in line with the firm's standards

* Work cooperatively with others, with value and respect for the contributions of others, providing a positive influence

Completion Procedures

* Review the work papers completed by staff to ensure compliance with both the audit plan and audit procedures, as well as reviewing the quality of work

* Consolidate the management letter points identified during the audit, particularly those that add value and draft the management letter

* Finalise the audit file for manager or Director review, ensuring that work papers are fully complete, referenced, etc., including but not limited to:

• schedule time for manager/director review

• preparation/review of financial statements in accordance with applicable reporting framework

• management representation letter completed

• all other confirmations received

• Tax Division sign-off on tax balances

• Reports to management prepared

* Ensures there is satisfactory clearance of all manager or Director review points, before representing the file

* Participate effectively in closing/clearance meetings with clients, demonstrating full understanding of the outcome of the audit and areas of concern

* Provide feedback to staff on their performance during the audit, by completing job based assessment forms and giving verbal feedback

* Assist in finalising the billing of the job, including drafting fee letters for clients; being aware of performance against budget; and explaining any cost over-runs

Client Liaison

* Proactively engage with clients, displaying courtesy and professionalism

* Develop and maintain confident relationships with clients through regular contact

* Develop an understanding of the client's business and commercial environment

* Ensure that any commitments made to clients are followed through and expectations are met

* Ensure that the team is kept informed of any issues which may affect a client relationship

* Develop solutions and provide advice designed to improve processes, reduce expenses and enhance income growth

* Demonstrate understanding of Nexia's products and services

* Identify other services that Nexia can offer and relay information/ideas to the client

Mentoring of Junior Staff

* Work cooperatively with others, valuing and respecting the contribution of others and providing a positive influence

* Effectively delegate appropriate work to junior staff

* Assist junior staff with their workflow management

* Give feedback on performance of junior staff, ensuring that the junior staff member has an understanding of their strength and weakness areas and a clear path for improvement

* Provide mentoring to junior staff, including identifying and monitoring development and assisting staff to fulfil their full potential

* Run training sessions or provide 1to1 training as directed

Time Management & Productivity

* Ensure effective record keeping and daily timesheet recording

* Take responsibility for achieving productive time budgets

* Effectively manage tasks and complete these in the given time

* Demonstrate an understanding of what is chargeable and not chargeable to the client

Learning & Development

* Display and maintain an understanding of the skills, knowledge and competencies required to perform the role at this level

* Use opportunities to work with others to continually build a substantial knowledge and skill base

* Regularly assessing own performance based on specific evidence, play an active role in performance discussions, and take proactive steps towards improving areas for further development

* Develop career goals and construct a plan to achieve these

* Seek and make regular contact with a career mentor

* Attend or present at internal & external training sessions as required

Other General Areas

* Participate effectively in all meetings, from team meetings to special purpose committee meetings, ensure that action points assigned are completed and deadlines met

* Identify issues and independently seek a resolution, utilising the support and knowledge of colleagues

* Utilise Nexia's daily behaviours and team communication models

* Contribute to and coordinate ideas and/or activities to develop the business

* Have a thorough understanding of the firm's vision and culture and actively contribute to this

Qualification and Skills Required:

Experience

* 5 years + with Big 4 Accounting firm

* CPA required

* AU experience is a plus

Technical

* Completed a related degree in accounting

* Completed or near completion of further study, such as the Chartered Accountants Program or any other study/course that would benefit the team

* Computer and technology savvy. Good level of ability in operating the software used across the firm, such as APS, MYOB, Xero, CaseWare, U-track, Microsoft Office

* Good understanding of accounting standards and reporting responsibilities

* Abreast of technical issues such as changes to legislation and/or its application, changes in reporting requirements, etc.

* Able to use good analytical techniques

* Excellent attention to detail

Client Excellence

* Strong communication skills, both written and oral

* Good understanding of business and commercial acumen

* Provides high-level service delivery to clients

* Highlights new business opportunities to Managers/Directors

Problem Solving

* Respectfully contributes ideas and perspective

* Takes initiative to find a solution

* Strong research and problem-solving skills

* Expresses innovative ideas

Teamwork

* Works effectively with different people and assists junior team members as required

* Cooperate with Managers/Directors in efforts towards effective teamwork and engagement

Personal Attributes

* Demonstrates Nexia's core client values (agile, accessible and advancing)

* Demonstrates ambition, accountability and positivity

* Helpful and solution driven with the mind-set one firm - one in all in

* Displays respect, honesty & integrity when dealing with others

* Takes responsibility for