Assurance Manager

Job Description

The Assurance Manager is responsible for supervising, directing, and reviewing the results through the delegation of tasks throughout the planning, field work and “wrap‑up” stages of an Audit client engagement. In this role, the Assurance Manager is charged with marketing, networking and business development within an area of expertise, as well as the responsibility of ensuring engagement profitability involving billings and collections. Traditionally, responsibilities of the Assurance Manager will include advising the client on various economic and regulatory risks within their industry, resolving complex accounting issues, applying GAAP and GAAS consistently within complex situations, writing technical consultation memos on GAAP/GAAS issues, and documenting, validating, testing and assessing various financial reporting control systems.

Job Duties

Control Environment

• Applies knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures
• Applies a broad understanding of objectives and components of the overall control environment and organization, and supervisory controls
• Validates and assesses effectiveness of internal control over financial reporting
• Identifies and communicates to management and audit committee suggestions to improve client internal controls and accounting procedures
• Identifies and delegates functions of the audit to the auditor in charge as deemed appropriate
• Supervises the work of audit team and reviews workpapers and conclusions preferably onsite during audit field work
• Provides on‑the‑job training to the engagement staff during audit field work

GAAP

• Applies knowledge and understanding of governing principles and applies these principles to client transactions; documents and communicates an understanding and application of these principles
• Identifies and consults with clients on the impact of new accounting pronouncements
• Monitors and communicates important professional, industry pronouncements
• Prepares and discusses alternative generally accepted accounting principles and arguments for/against such alternatives
• Drafts complex financial statements and related footnote disclosures and effectively communicates these to client
• Identifies complex accounting issues and forms and documents resolution, seeking counsel of BDO technical experts as needed

SEC and PCAOB

• Applies knowledge and understanding of SEC regulations and PCAOB guidelines, documents and communicates the application of these principles
• Reviews SEC filings, including MD&A, financial statements and disclosures for appropriateness in form, content, completeness, and accuracy, and ensures that quarterly reviews are properly performed
• Reviews required communications to the client and Audit Committee, ensuring their completeness, accuracy and compliance with firm and professional guidelines
• Reviews Section 404 internal control audit work and all necessary checklists to ensure their completeness and compliance with firm and professional guidelines
• Ensures compliance with engagement independence requirements and consults internally as needed

GAAS

• Applies knowledge and understanding of professional standards; application of the principles contained in professional standards; ability to document and communicate an understanding and application of professional standards on an engagement
• Applies thorough knowledge of professional standards/practices, including GAAS and PCAOB in performing and supervising work
• Provides guidance to others and affirms conclusions made by others
• Communicates matters required to be reported to the Audit Committee/Board and those charged with governance
• Applies the use of efficiency tools such as statistical sampling, CAATS, etc.

Methodology

• Applies knowledge and application of BDO standards that guide effective and efficient delivery of quality services and products
• Conducts detailed review to assure audit is completed in accordance with assurance manual standards
• Prepares or reviews required communications to management and audit committees, ensuring timeliness and completeness
• Recommends appropriate outcomes to critical issues
• Initiates and prepares client acceptance/retention procedures where appropriate
• Plans the audit process and oversees execution of procedures with quality, efficiency and completeness despite pressures of deadlines
• Executes proper BDO methodology including but not limited to proper archiving procedures
• Considers Sarbanes‑Oxley rules in understanding and executing service plans for combined 404 and financial statement audits for public clients

Research

• Applies methodology used to seek or maintain information from authoritative sources and to draw conclusions regarding a target issue based on that information
• Defines methodology to conduct research projects and completes in a timely manner
• Applies comprehensive knowledge of all appropriate research tools and draws conclusions based upon appropriate research
• Prepares memo supporting research/conclusions and consults with others if appropriate
• Presents issues to RTD or concurring reviewer effectively and accurately
• Other duties as required

Supervisory Responsibilities

• Responsible for supervision of Associates and Senior Associates on all projects
• Reviews work prepared by Associates and Senior Associates and provides review comments
• Acts as a career advisor to Associates and Senior Associates
• Schedules and manages workload of Associates and Senior Associates
• Provides verbal and written performance feedback to Associates and Senior Associates
• Teaches/coaches Seniors and Associates to provide on‑the‑job learning

Education

• Bachelor’s degree, required; major in Accounting, Finance, Economics or Statistics preferred
• Master’s degree in Accountancy, preferred

Experience

• Five (5) or more years of prior relevant audit experience and/or public accounting, private industry accounting or consulting/professional services experience, required
• Prior significant supervisory experience, required
• Industry expertise in one or more assurance specialty, preferred

License/​Certifications

• Active licensed US CPA, recognized active International Equivalent or unique qualification as defined by BDO’s Assurance Licensing Policy, required
• If active international equivalent or unique qualifications, required to obtain an active US CPA license within approved timeframe as defined by firm licensing requirement guidelines

Software

• Proficient with Microsoft Office Suite, preferred
• Experience with assurance applications and research tools, preferred

Language

• N/A

Other Knowledge, Skills & Abilities

• Sound GAAP and GAAS knowledge
• Familiarity with SEC and PCAOB reporting rules
• Proven solid verbal and written communication skills
• Excellent people development and delegation skills, including training/instruction and engagement scheduling and budgeting
• Executive presence – primary contact for the client, prepare and present presentations to clients and potential clients
• Client development/relationship‑building skills
• Solid decision‑making skills
• Ability to resolve complex accounting issues
• Responsibility for business development and marketing
• Responsibility for engagement profitability including billings and collections

Salary Range

California: $120,000 – $140,000

Cleveland, Ohio: $95,000 – $125,000

Colorado: $95,000 – $120,000

Illinois: $100,000 – $125,000

Maryland: $105,000 – $125,000

Massachusetts: $105,000 – $115,000

Minnesota: $95,000 – $110,000

New Jersey: $104,000 – $112,000

NYC/Long Island/Westchester: $110,000 – $150,000

Washington: $95,000 – $115,000

Washington DC: $105,000 – $128,000

About Us

Join us at BDO, where you will find more than a career, you’ll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world.

At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.S. team. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.

BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well‑being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm’s success, with no employee contributions.

We Are Committed To Delivering Exceptional Experiences To Middle Market Leaders By Sharing Insight‑driven Perspectives, Helping Companies Take Business As Usual To Better Than Usual. With Industry Knowledge And Experience, a Breadth And Depth Of Resources, And Unwavering Commitment To Quality, We Pride Ourselves On

• Welcoming diverse perspectives and understanding the experience of our professionals and clients
• Empowering team members to explore their full potential
• Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities
• Celebrating ingenuity and innovation to transform our business and help our clients transform theirs
• Focus on resilience and sustainability to positively impact our people, clients, and communities
• BDO Total Rewards that encompass so much more than traditional “benefits.” Click here to find out more!
• Benefits may be subject to eligibility requirements.

Equal Opportunity Employer, including disability/vets

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.

BDO USA, P.A. is an EO employer M/F/Veteran/Disability