Audit & Assurance - Audit- Manager

  • Full-time
  • Service Line: Audit & Assurance

Company Description

Deloitte is the largest private professional services network in the world. Every day, approximately 264,000 professionals in more than 150 countries demonstrate their commitment to a single vision: to be the standard of excellence, while working towards one purpose – to make an impact that matters. Click here to read more about Deloitte.  

About the Division 

Our Assurance services go beyond merely meeting statutory requirements. We help our clients perform better and achieve their business objectives. We listen to their needs, think about the business implications and tailor our approach accordingly.  

Job Description

What impact will you make? 

 Every day, your work will make an impact that matters, while you thrive in a dynamic culture of inclusion, collaboration and high performance. As the undisputed leader in professional services, Deloitte is where you will find unrivalled opportunities to succeed and realize your full potential.

What you will do?

To support the Audit Engagement Partner with the management and execution of a seamless, high quality audit and in the delivery of audit services to a client on a delegated engagement. 

Key Performance areas

Strategic Impact: 

  • Supports the Engagement Partner on delivery of designated engagement, managing the implementation of the agreed deliverables
  • Tracks outputs against the Audit Engagement Agreement and reports to the Engagement Partner on any unforeseen issues arising
  • Seeks to identify additional sales opportunities in client business
  • Assists in the preparation of proposals/tenders and presentations on request
  • Is a support resource in planning of sales presentations and client negotiation teams for new and retained business
  • Develops market network in business and builds relationships that generate leads
  • Builds relationships across Deloitte service lines to understand broader offerings and seeks opportunities for cross-selling
  • Generates innovative solutions on projects and/or engagements in collaboration with team members to enhance / renew service offerings to client

Client Impact - Internal/ External :

  • Manages day-to-day deliverables of team on   client engagements
  • Proactively identifies client service and technical issues and implements resolutions to address these
  • Develops productive working relationships with client teams
  • Builds network of relationships across Deloitte to understand other service line offerings and to market own functional area
  • Establishes and maintains good working relationships with external clients across industries
  • Participates in thought leadership process and shares functional and industry knowledge and expertise with clients, colleagues and teams

Operational Effectiveness:  

  • Plans and leads delivery of team based on the Audit Engagement Agreement and identifies and addresses any areas of concern in outputs
  • Manages engagement risk to ensure that the firm’s risk policies as well as risk to   Consistently tracks, reviews and analyses progress, standards and ensures high quality of team deliverables and implements changes as necessary
  • Meets regularly with client and client teams to understand issues, anticipate needs and address these
  • Keeps Engagement Partner and key stakeholders updated on status of engagement  
  • Communicates need for any changes in engagement plan to Engagement Partner and key stakeholders for discussion with the client/audit team
  • Provides ongoing communication to teams on status of engagement, changes, achievements, etc.
  • Drives Deloitte values of exceptional service to clients, growing the firm’s brand and talent development

Development/ Growth of Team:

  • Shares expertise and knowledge with team members and counselees on an ongoing basis
  • Develops good working relationships with key talent in team to optimise performance and support growth, development, retention.
  • Supports inconsistent, poor performance through firm’s processes
  • Monitors resource requirements for engagement and communicates to Engagement Partner the need for increase / decrease in team headcount
  • Maintains own development and knowledge in specialised area
Budgets/ Profitability: 
 
  • Manages engagement budget through accurate budgeting, cost control and profitability management
  • Monitors that time and expenses on engagement are accurately recorded and submitted weekly
  • Manages WIP on engagement and ensures billings are timeously done and collections followed up
Differentiators for this specific role:
 

Wining Business:

Contributes to the regional and business areas winning business strategy and targets, including contribution to Industry Manager initiatives and cross service line selling and collaboration. 

SAICA Compliance:

  • Manages, coaches, mentors Audit Trainees per the firm and SAICA requirements
  • Compliance with SAICA requirements in regards to the evaluation and assessment of audit trainees and the SAICA Training Programme, thereby supporting the continued accreditation of the Training Office and quality training experience for the trainees

Transformation:

  • Support and contribute to the firm, service line and business area Transformation strategy

Leadership Initiatives:

  • Participation, ownership and quality deliverable in respect of leadership initiatives, i.e. contribution to business strategy, Portfolio Champion roles, involvement in Grad Recruitment AC’s and attendance and office, client, social events.

Technical and Professional Capabilities

Stakeholder Focus:  Leverages a deep understanding of audit and risk advisory services and stakeholder needs to deliver high quality engagements

Become experts in risk assessments and audit responses:  Audit professionals are required to obtain an understanding of the entity and its environment, including the entity’s internal control. This is a continuous dynamic process of gathering, updating and analysing information throughout the audit. Audit professionals are also required to have knowledge of relevant accounting standards applicable to the entity. Auditors are required to perform risk assessment procedures to provide a basis for the identification and assessments of the risks of material misstatement

Integrate engagement teams and manage referred work: 

Involving internal specialists early and often in audits leads to cohesive, well integrated engagement teams. As auditors we have a responsibility to understand the scope of work performed by the experts and specialists, supervise their procedures, review their working papers and understand the conclusions that they reach.

Supervision, communication and review in relation to the work performed by component auditors are important activities to determine appropriate identification and response to assessed risks of material misstatement to the group financial statements and, more broadly, adherence to the DTTL Audit Approach Manual

Make appropriate use of tools, guidance and methodology: 

Delivery of high quality audits via a number of enablers:

  • Global Audit Imperatives: Fundamental tenets applicable for all audits to drive the pursuit of professional excellence and quality audits
  • Professional Excellence: Tools and resources for audit practitioners that focus on behaviours required to deliver the highest professional excellence
  • Methodology, content, guidance, learning and tools: Enhancement and supplementation to existing resources to reflect changing standards and expectations, which continue to provide the foundational elements in performing a quality audit
  • DA/EMS: Continued roll out of Deloitte Audit across the Deloitte network

Manage project plans to optimize engagements:  Development and management of a project plan is a critical component to executing high quality audits. A robust project plan includes key activities, milestones, deadlines, and priorities for all engagement team members, including P/P/Ds, professionals, component auditors and specialists

Formulate reasonable judgements and conclusions in order to deliver informative and timely outputs: 

Making reasonable judgements involves:

  • Identifying the issue
  • Applying knowledge of business, financial accounting and reporting and information technology
  • Researching the topic and considering different perspectives
  • Evaluating alternatives in the light of the relevant facts and circumstances
  • Considering whether a suitable process was followed in reaching a conclusion and whether sufficient appropriate audit evidence exists to support it

Consulting as appropriate documenting the conclusion and the rationale for it

Apply Ethical and Professional Standards: Compliance with auditing and accounting standards, relevant laws and regulations (including specific local laws and regulations), ethical standards, independence requirements and the audit firm's quality control procedures 

Technical

  • Expert in field with sound industry and business knowledge
  • Demonstrated leadership skills
  • Sales skills
  • Proven ability to manage and execute projects
  • Experience in drafting and presenting client proposals
  • Excellent report writing skills
  • Good financial knowledge
  • Sound business acumen

Behavioural

  • Excellent communication skills, both written and verbal
  • Effective interpersonal and relationship building skills
  • Good mentorship and coaching ability with desire to develop self and others
  • Strong client delivery focus
  • Adaptable, managing change and ambiguity with ease
  • Focus on quality and risk
  • Sound problem solving ability

Qualifications

Qualifications & experience required

  • Minimum Qualifications -  Honours Bcom Accounting and CA (SA)
  • Desired Qualifications -  Honours Bcom Accounting and CA (SA)
  • Minimum 2 years working experience
  • Desired - 2 years in a client facing role with supervisory experience/ 2 years Articles post Certificate of Theory in Accounting (CTA)
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