Senior Audit Associates

The Senior Audit Associate must have deep knowledge of auditing practices. be reliable, with strong organizational skills, as well as a good knowledge in the auditing standard (ISA), accounting standards (mainly IFRS) and Companies Act 2001 and other regulations.

Senior Audit Associates are expected to possess knowledge in a wide-ranging spectrum of industries including both public and private sectors, legal, financial services, banking, insurance, healthcare, retail & distribution, manufacturing among others.

Their responsibilities extend from audit planning, monitoring, oversight & training of peers, execution, client and stakeholder management, fieldwork, and knowledge, application and compliance with International Standards on Auditing and International Financial Reporting Standards.

Collaborate with and train junior audit staff and provide timely feedback to facilitate skills and career development.

 Duties and Responsibilities:

 · Plan and oversight of the audit process is a key milestone of the Senior Audit Associate who is also developing skills to aspire to audit Management position.

• ·Develop audit strategies, execute and monitor fieldwork teams throughout the audit engagement as defined by the Manager, Senior Manager and/or Director in charge.
• ·Allocate engagement responsibilities to Associates and Junior staff and plan for review and quality execution thereof.
•  Ensure compliance with ISAs and IFRSs and local and regulatory requirements in the preparation of audited financial statements and required disclosures.
• ·Identify and contribute to resolve assurance engagement issues.
• ·Monitor engagement progress against budget for timely completion.
• ·Research technical issues arising during audits.
• Work closely with staff and partners to develop and manage client relationship.
• ·On-the job etiquette and professionalism with clients while interacting with accounting staff, CFOs, and Controllers.
• ·Execute all phases of the audit process, including financial analysis, planning, substantive testing, and opinion issuance.
• Present audit findings to management.
• ·Perform private and public audits of financial statements in accordance with ISA requirements and IFRS.
• Listen to subordinates’ needs and address them.
• Conduct substantive audit procedures on income statements and balance sheets.
• ·Perform analytical procedures to identify unexpected trends and audit red flags.
• ·Review the work of Associates and Juniors for compliance and quality.
• ·Perform effective risk and control assessments pertinent to the engagement.
• Timely completion of assigned tasks, deliverables, and reviews on time.
• Ensure that all documentary evidence of audit work, procedures, reviews, and deliverables is recorded on Caseware prior to engagement sign off.
• ·Timely completion of timesheets monthly.
• ·Monitor budget against actuals, including recoveries and utilization for every assigned audit engagement.
• Train junior team members (up to three members) with or without experience.
• ·Regularly on a quarterly basis obtain formal upward feedback from junior staff members.
• ·After signing off every engagement, complete self-evaluation feedback setting out strengths and areas of improvement.
• ·For every engagement the Senior Audit Associate is involved, obtain formal feedback from Managers/Senior Managers/Directors where relevant to continuously monitor performance & delivery.
• ·Manage assigned client portfolio to develop managerial skills.
• ·Involved and lead as Senior in charge on IT audits and Internal Audit engagements.
• ·In-depth knowledge and application of skills on IT Audit, Internal Control Framework Assessment and Internal Audit Engagement.

Requirements and skills

 ·At least 3 years past audit experience or commensurate experience.

• ·ACCA/ACA qualified or partly qualified and on course for completion.
•  In-depth understanding of auditing and control practices.
• ·In-depth knowledge of applicable laws and regulations, International Standards on Auditing (IAS) and
• ·International Financial Reporting Standards (IFRS).
• ·Proficient in MS Office (especially Excel) and accounting software.
• ·Experience on advanced excel.
• ·Strong mathematical and analytical skills.
• ·Attention to detail.
• ·Strong organizational abilities.
• ·Integrity and reliability.
• ·Strong communication skills.
• ·Excellent project and time management skills.
• ·Detail-oriented.
• ·Excellent to handle sensitive financial information.
• Proficient to research and to identify various types of necessary information for specific audits.