Audit Manager

SUMMARY:
-

POSITION INFO:

TITLE: AUDIT MANAGER CA (SA)

MAIN PURPOSE OF THE JOB: Accountable for the cash-flow profitability of the Business Unit through project planning and scheduling, resource allocation, project accounting, and control while providing technical direction and ensuring compliance with quality standards. Managing the audit together with other audit managers and supervisors.

Function: Staff Leadership and Co-ordination

Provide leadership and direction to staff.
Provide role clarity to staff and makes available necessary tools to facilitate performance.
Ensures that there is clear focus and co-ordination of all activities; and that there are clearly communicated performance standards and objectives.
Set standards for individual and overall performance and take steps to ensure it operates as a high- performance and effective team.
Monitors and provides regular feedback on the individual performance of immediate subordinates and takes appropriate action where necessary.
Acts as a Coach and Mentor to direct reports.
Ensures that there are always clear lines of communication within the Business Unit.
Ensures that there are training and development plans in place for staff.
Ensures self-development and training & development of all staff in the Business Unit.
Assesses staffing requirements on an ongoing basis, appoints appropriately qualified personnel and ensures that they are fully utilised in terms of their skills set and experience.

Function: Financial Management

Provides input into the Business Unit's annual budget.
Monitors costs, disbursements, and overhead expenditures and makes recommendations to the Partner.
Ensures that invoices are submitted to clients timeously and follows up vigorously with all parties to ensure payment is received.
Ensures that clients are billed timeously.
Manages staff billing and completion of time sheets and takes decisive action where there are deviations.
Manages and ensures staff recoverability rate.
Achieves productivity targets and WIP ratio.

Function: Project Management

Manages every project from asking for client information and kick-off meetings through to fee collection.
Takes ownership and accountability for engagements.
Chart out project objectives, plans, and schedules, set performance requirements, and select project participants.
Ensures compliance with project requirements such as quality control through the Consultants.
Provides regular reports to the Partner on the status of the project.
Monitors the project budget, tracks expense and minimizes exposure and risk in the project.
Ensures that the budget that was agreed at inception of the engagement is being met.

Ensures that no hours are written off on projects.
Ensures that project deadlines are met.
Ensures that activities move according to a predetermined schedule.
Communicates regularly with clients and other stakeholders on project status.
Submits reports to clients.
Maintains continuous communication with staff on the status of client.
Maintains strict adherence to the budgetary guidelines and quality standards.
Ensures all required project documentation is accurately and timeously completed.
Deals effectively with technical client issues and resolves same timeously.
Ensures that clients' compliance needs that are outsourced to the company are met.
Monitors and evaluates the Business Unit’s performance in terms of:
customer satisfaction
budget performance
adherence to standard operating procedures
business loss/gained
Informs Tax BU after financials are finalized to ensure tax return can be done.
Ensures Tax BU has sufficient knowledge of clients to deal with queries, etc.
Drafts Proposals and Engagement Letters.
Research complex topics and trains staff accordingly.
Facilitates general training for staff within the BU.
Reviews files and ensures compliance with accounting standards.
Develops relationships with clients to be able to obtain payments where applicable

Function: Operational Efficiency and Effectiveness- Audit

Accountable for full statutory audits on small to medium and large-sized firms in the private and public sectors, in various industries.
Ensures compliance with International Financial Reporting Standards, International Financial Reporting Standards for small and medium-sized entities, SA Companies Act, International Standards on Auditing, King 4, and the Income Tax Act.
Prepares detailed time budgets and allocates audit work to audit team members, planning meetings/agendas.
Technically inclined and is up to date with the latest accounting and audit standards.
To attend various programs to keep abreast with the changes in the standards and relay that to the firm.
Training and developing the staff on all aspects of audit and accounting and ensuring that regular training is conducted.
Able to implement on your own and run with projects and set up a mini technical/training sphere for the firm and be the leader in charge of this.

MINIMUM REQUIREMENT REQUIRED TO PERFORM JOB:
CA(SA) – [Preferable but not a strict requirement]
CaseWare knowledge (Essential)
1-3 Years’ experience in an audit environment (Essential) – post articles
At least 1+ years of management experience (Essential)
Excellent in MS Office, specifically MS Excel
Sound knowledge of Income Tax implications for clients and tax compliance
Strong people skills to lead teams
Good at developing client relationships
Have sound technical knowledge
Ability to apply technical to firm/clients and train staff