Audit Senior Associate Private Equity

  • Company: RSM US LLP
  • Location: Chicago, Illinois
  • Posted: July 05, 2018
  • Reference ID: req2538

RSM is looking for a Senior Associate to join our Private Equity Groups practice. This practice is dynamic, robust, and continues to expand every year. The Audit Senior that will join this rapidly growing group will be responsible for managing financial statement audit engagements for Private Equity Funds. 

Responsibilities:

  • Provide timely, high quality client service that meets or exceeds client expectations including coordinating the auditing of all required financial statements, related disclosures, and other client deliverables
  • Develop an understanding of the client's business, and become a private equity funds industry specialist to understand client specific needs
  • Understand and utilize RSM’s Audit Methodology
  • Supervise Audit Associates on engagement teams and function as an in-charge facilitating field work by monitoring and reporting regarding productivity and adherence to work plan schedules on each assignment
  • Anticipate and address client concerns and escalate issues as they arise
  • Interact with clients to help ensure the information flow from the client to the audit team is efficient
  • Identify and communicate accounting and auditing matters to Managers and Partners
  • Identify performance improvement opportunities
  • Recognize and inform management of opportunities to increase level and types of services to clients
  • Ensure professional development through ongoing education
  • Willingness to travel 25% of the year, depending on your clients

Required Qualifications:

  • BS/BA Degree in Accounting or equivalent degree
  • 2 years of current or recent experience in a public accounting environment
  • Understanding of audit services with knowledge of GAAP, GAAS and FASB regulations
  • CPA Certification or demonstrated progress towards obtaining CPA certification, including required coursework
  • Demonstrated ability to in-charge an engagement
  • Must be well-versed in valuation of portfolio companies i.e. level 3 investments
  • Experience in valuation methodologies and waterfall calculations
  • Understanding of partner capital allocations and computations
  • Experience reviewing audited financial statements
  • Understanding of management fee calculations
  • Previous experience auditing private equity funds
  • Perform substantive testing and analytical-review procedures as well as documentation of internal control systems

Preferred Qualifications:

  • Demonstrated ability to in-charge an engagement
  • Chartered Financial Analyst (CFA) certification is a plus 

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