Audit Assistant Manager

London, England, United Kingdom

10/30/2024

Overview of Firm

PKF is the 12th largest accountancy brand and the 12th largest audit practice in the UK. We are also an active member of PKF Global, an international network of legally independent accounting firms that gives us an on the ground presence in 150 countries around the world with access to more than 20,000 people across 440 offices globally.

We provide a full range of audit, accountancy, tax and advisory services, and are experts at simplifying complexity. We are particularly well-known for working with complex clients with challenging issues in fast-moving and highly technical areas, such as the insurance industry, the global capital markets and the not for profit sector. Our aim is to understand people, the organisations they run, and what matters to them, so we can simplify complexity and help them achieve their ambitions.

Click here to learn more about us.

Introduction to the Division

Financial Services

Our financial services (‘FS’) practice supports clients across numerous sub-sectors, including insurance, wealth and asset management, consumer credit and payment services.

We have been a trusted auditor and adviser to the UK insurance industry for over 150 years and have one of the largest and most experienced teams of insurance experts within the accountancy profession. Established initially as a Lloyd’s practice, our clients now span the entire insurance market – from Syndicates and managing agents to insurance companies, brokers and MGAs writing a diverse range of general, life and health risks.

We have one of the largest FS audit teams outside of the Big 4 with over 150 audit partners and staff dedicated to supporting the sector. We leverage our deep industry expertise to protect our clients’ reputations as well as our own, helping them to improve their processes and controls, manage risks and achieve business growth.

Responsibilities

As an Audit Assistant Manager you will work on a variety of audit assignments and this will involve:

Prior To The Assignment

Attend pre-assignment discussions with the audit team.

• Assist the senior with the completion of the planning section.
• Understand the objectives of each assignment including the budget requirements.
  
  

During The Assignment You Will Be Expected To

• Be responsible for allocating work to junior members of the audit team
• Provide on the job training to junior members of the firm, review their work and provide feedback
• Ensure that the work undertaken on site is in accordance with the approved plan and budget
• Advise the manager of any developments that may lead to a change in strategy
• Suggest logical solutions to problems
• Be responsible for a detailed assignment memorandum incorporating an appropriate analytical review
• Clear manager and partner review points and follow up any outstanding queries
• Respond to all client queries and concerns in an efficient and professional manner, often dealing directly with senior management
• Provide sound advice to clients and demonstrate knowledge of business issues; and
• Provide a detailed analysis of time charged on every assignment to facilitate billing and future planning
  
  

Person Specification

Skills, Experience And Qualifications

• ACCA/ACA, or equivalent, qualified
• External commercial auditing experience required, particularly in compliance with International Standards on Auditing (ISAs)
• Experience working in Financial Services external audit is preferred but not essential
• Performance of statutory audits and half year review engagements in compliance with UK Auditing Standards from the planning process through to completion, reporting directly to manager and engagement partner
• Preparation of statutory financial reports in compliance with UK GAAP and IFRS
• Preparation of cash flow statements and consolidated financial statements
• Documentation and assessment of internal control procedures, including board report preparation
• Training, supervision and coordination of junior team members
• Experience of client liaison from the planning stage up to point of audit completion, identifying opportunities to provide added value
  
  

IT Skills

• Excel and Word – intermediate;
• Knowledge of ProAudit is preferred but not essential;
• Access – basic; and
• PowerPoint – basic.