BDO USA, LLP
Assurance Managing Director, Third Party Attestation
BDO USA, LLP, Chicago, Illinois, United States, 60290
Job Summary
The Assurance Managing Director, Third Party Attestation is reserved for professionals who have achieved recognition in a specific technical area of third-party attestation reporting. This includes expertise in System and Organization Controls (SOC) 1, SOC 2, SOC 3, SOC for Cybersecurity, WebTrust for CAs, HITRUST, SSPA, ISO, MRC, and CSA STAR. The TPA Managing Director is qualified to perform certain limited yet critical additional technical functions as an Engagement Director or a Concurring Reviewer. The TPA Managing Director actively participates in marketing, networking and business development within an area of expertise and specialization while maintaining client relationships and acting as the primary contact for complex questions.
Job Duties Business Acumen
Applies knowledge of business functions, processes and strategies to provide services, solutions and advice that considers and improves the organization as a whole as evidenced by:
Understands core business operations/structure of various businesses
Demonstrates advanced knowledge of business issues, trends and industry economics
Identifies and discusses key financial and non-financial performance measures
Demonstrates ease with client communications
Technical Roles a Director may perform
When functioning as Engagement Director:
May also be, but not required to be, a Client Service Engagement Director. In this capacity, may sign certain third party attestation reports related to these engagements, as well as engagement letters and other correspondence
Written pre-approval by the National Practice Leader and the Practice Region RTD and RBLL and the Practice Office OBLL for the specific assignment before a Director may perform duties of Engagement Director
The final review of only the third party attestation report must be performed by an Assurance Partner when functioning as Concurring Reviewer
Written pre-approval must be obtained from the Practice Region RTD and RBLL and the Practice Office OBLL for the specific assignment before a Director may perform duties of a Concurring Reviewer
The Director must be a CPA and demonstrate the requisite industry experience necessary to serve as either the Engagement Director or Concurring Reviewer for the specified engagement
When serving as a Concurring Reviewer, the Director is prohibited from performing work on the engagement in other capacities
Control Environment
Applies advanced knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures by:
Identifying and considering all applicable policies, laws, rules, and regulations of the firm, regulators, or other authoritative bodies as part of engagement team
Identifying and making constructive suggestions to improve client internal controls and accounting procedures
Ensuring proper documentation of the clients' internal control system
Ensuring proper documentation of the clients' business and IT processes and controls and tests key controls in a variety of industries
Supervising the work of the audit team and review workpapers and conclusions preferably onsite during audit field work
Identifying and delegating functions of the audit to the auditor in charge as deemed appropriate
Providing on-the-job-training to the engagement team during field work
Identifying and prioritizing key risks, and assesses their impact and likeliness of occurrence
Communicating to the client areas to improve processes, strengthen controls, mitigate risks, and/or increase efficiency
Developing and maintaining relationships with client personnel and management
Ensuring technology is appropriately integrated into the examination process
GAAS
Applies advanced knowledge and understanding of professional standards; application of the principles contained in professional standards; and the ability to document and communicate an understanding and application of professional standards on an engagement by:
Developing and applying an advanced knowledge of auditing theory, a sense of audit skepticism, and the use of BDO audit manuals
Applying auditing theory to various client situations
Identifying complex issues, including deviations, and forming a resolution, seeking the counsel of BDO technical experts as needed
Applying knowledge to identify instances where testing may be reduced or expanded and providing counsel to the members of the audit team
Other
Applies advanced knowledge and understanding of governing principles; applying these principles to client transactions; and documenting and communicating an understanding and application of these principles by:
Planning and executing attestation examinations including obtaining an understanding of the control environment, designing test plans, evaluating deficiencies and assessing the overall financial reporting control environment
Reading and reviewing clients' reports, ensuring accuracy and completeness, and also ensuring that all supporting information is documented in the workpapers and through appropriate testing
Preparing required communications to the client and the Audit Committee, as applicable
Recognizing and applying new pronouncements to client situations
Identifying, analyzing and discussing alternative principles with the Manager, Senior Manager and engagement partner and the client, as needed
Identifying complex issues and brings them to the attention of superiors for resolution
Coaching less experienced team members in new areas
Methodology
Applies advanced knowledge and application of BDO standards to guide effective and efficient delivery of quality services and products by:
Conducting detailed reviews to assure audits are completed in accordance with assurance manual standards
Preparing or reviewing required communications to management and audit committees, ensuring timeliness and completeness
Recommending appropriate outcomes to critical issues
Initiating and preparing client acceptance/retention procedures where appropriate
Planning the audit process and overseeing the execution of procedures with quality, efficiency, and completeness despite pressures of deadlines
Executing proper BDO methodology including but not limited to proper archiving procedures
Research
Applies methodology used to seek or maintain information from authoritative sources and to draw conclusions regarding a target issue based on the information by:
Applying advanced knowledge of all appropriate research tools and drawing conclusions based upon appropriate research
Preparing memos supporting research/conclusions and consulting with others if appropriate
Presenting issues to RTD or concurring reviewer effectively and accurately
Other duties as required
Supervisory Responsibilities
Setting the tone for teamwork by supporting others in their work and delivering on commitments made to team members and clients
Supervising of managers and senior associates on all projects
Reviewing work prepared by managers and senior associates and provide review comments
Acting as a Career Advisor to managers and senior associates
Scheduling and managing workload of senior associates and associates
Providing verbal and written performance feedback to managers and senior associates
Teach/coach managers and senior associates to provide on the job learning
Qualifications, Knowledge, Skills and Abilities Education
Bachelor's degree in Accounting, Computer Science, Management Information Systems, Business Administration, Managerial Marketing and Entrepreneurship, Finance or Economics, required
Master's degree in Accounting and minor or dual major in Information Systems or other relevant advanced degree, preferred
Experience
Ten (10) or more years of prior experience in internal or external audit, required
Ability to supervise managers, seniors and staff, as the situation dictates, and motivate team, required
Experience performing third party attestation reporting, required
Possess strong third party attestation reporting and GAAS technical skills, including possible industry expertise, required
Experience performing other internal control reviews (SOX, ISO 27001, etc.), preferred
Possess executive presence - need to be able to be primary contact for the client, prepare and present presentations to clients and potential clients, required
Possess excellent risk management decision-making skills, required
Able to function as Engagement Director on certain engagements as set forth by specific policy, preferred
Able to integrate with other areas of practice from a leadership and business development standpoint, preferred
License/Certifications
One or more of the following certifications are required:
Certified Public Accountant (CPA)
Certified Information Systems Auditor (CISA)
Certified Information Systems Security Professional (CISSP)
ISO 27001 Lead Auditor certification
HITRUST Certified Common Security Framework Professional (CCSFP)
Certified Internal Auditor (CIA)
Certified Information Security Manager (CISM)
Certified Ethical Hacker (CEH)
Certified in Risk and Information Systems Control (CRISC)
Certified in the Governance of Enterprise IT (CGEIT)
Software
Proficiency in the use of Microsoft Office Suite, required
Exposure to industry software such as PeopleSoft, JD Edwards, SAP, Lawson, Oracle Financials, Great Plains, Solomon IV and MAS/90-500, UNIX, OS400 or ERP application software packages, preferred
Other Knowledge, Skills & Abilities
Advanced understanding and experience planning and coordinating the stages to perform an audit of a basic public and/or private company
Knowledge of internal accounting controls and professional standards and regulations (GAAP, GAAS, Sarbanes-Oxley, etc.)
Strong verbal and written communication skills with the ability to adapt style and messaging to effectively communicate with professionals at all levels both within the client organization and the firm
Ability to successfully multi-task while working independently and within a group environment
Solid analytical and diagnostic skills and ability to break down complex issues and implementing appropriate resolutions
Able to work in a demanding, deadline driven environment with a focus on details and accuracy
Solid project management skills
Ability to travel as necessary
Ability to successfully interact with professionals at all levels
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.
National Range: $190,000 - $250,000 Maryland Range: $190,000 - $250,000 NYC/Long Island/Westchester Range: $190,000 - $250,000
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The Assurance Managing Director, Third Party Attestation is reserved for professionals who have achieved recognition in a specific technical area of third-party attestation reporting. This includes expertise in System and Organization Controls (SOC) 1, SOC 2, SOC 3, SOC for Cybersecurity, WebTrust for CAs, HITRUST, SSPA, ISO, MRC, and CSA STAR. The TPA Managing Director is qualified to perform certain limited yet critical additional technical functions as an Engagement Director or a Concurring Reviewer. The TPA Managing Director actively participates in marketing, networking and business development within an area of expertise and specialization while maintaining client relationships and acting as the primary contact for complex questions.
Job Duties Business Acumen
Applies knowledge of business functions, processes and strategies to provide services, solutions and advice that considers and improves the organization as a whole as evidenced by:
Understands core business operations/structure of various businesses
Demonstrates advanced knowledge of business issues, trends and industry economics
Identifies and discusses key financial and non-financial performance measures
Demonstrates ease with client communications
Technical Roles a Director may perform
When functioning as Engagement Director:
May also be, but not required to be, a Client Service Engagement Director. In this capacity, may sign certain third party attestation reports related to these engagements, as well as engagement letters and other correspondence
Written pre-approval by the National Practice Leader and the Practice Region RTD and RBLL and the Practice Office OBLL for the specific assignment before a Director may perform duties of Engagement Director
The final review of only the third party attestation report must be performed by an Assurance Partner when functioning as Concurring Reviewer
Written pre-approval must be obtained from the Practice Region RTD and RBLL and the Practice Office OBLL for the specific assignment before a Director may perform duties of a Concurring Reviewer
The Director must be a CPA and demonstrate the requisite industry experience necessary to serve as either the Engagement Director or Concurring Reviewer for the specified engagement
When serving as a Concurring Reviewer, the Director is prohibited from performing work on the engagement in other capacities
Control Environment
Applies advanced knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures by:
Identifying and considering all applicable policies, laws, rules, and regulations of the firm, regulators, or other authoritative bodies as part of engagement team
Identifying and making constructive suggestions to improve client internal controls and accounting procedures
Ensuring proper documentation of the clients' internal control system
Ensuring proper documentation of the clients' business and IT processes and controls and tests key controls in a variety of industries
Supervising the work of the audit team and review workpapers and conclusions preferably onsite during audit field work
Identifying and delegating functions of the audit to the auditor in charge as deemed appropriate
Providing on-the-job-training to the engagement team during field work
Identifying and prioritizing key risks, and assesses their impact and likeliness of occurrence
Communicating to the client areas to improve processes, strengthen controls, mitigate risks, and/or increase efficiency
Developing and maintaining relationships with client personnel and management
Ensuring technology is appropriately integrated into the examination process
GAAS
Applies advanced knowledge and understanding of professional standards; application of the principles contained in professional standards; and the ability to document and communicate an understanding and application of professional standards on an engagement by:
Developing and applying an advanced knowledge of auditing theory, a sense of audit skepticism, and the use of BDO audit manuals
Applying auditing theory to various client situations
Identifying complex issues, including deviations, and forming a resolution, seeking the counsel of BDO technical experts as needed
Applying knowledge to identify instances where testing may be reduced or expanded and providing counsel to the members of the audit team
Other
Applies advanced knowledge and understanding of governing principles; applying these principles to client transactions; and documenting and communicating an understanding and application of these principles by:
Planning and executing attestation examinations including obtaining an understanding of the control environment, designing test plans, evaluating deficiencies and assessing the overall financial reporting control environment
Reading and reviewing clients' reports, ensuring accuracy and completeness, and also ensuring that all supporting information is documented in the workpapers and through appropriate testing
Preparing required communications to the client and the Audit Committee, as applicable
Recognizing and applying new pronouncements to client situations
Identifying, analyzing and discussing alternative principles with the Manager, Senior Manager and engagement partner and the client, as needed
Identifying complex issues and brings them to the attention of superiors for resolution
Coaching less experienced team members in new areas
Methodology
Applies advanced knowledge and application of BDO standards to guide effective and efficient delivery of quality services and products by:
Conducting detailed reviews to assure audits are completed in accordance with assurance manual standards
Preparing or reviewing required communications to management and audit committees, ensuring timeliness and completeness
Recommending appropriate outcomes to critical issues
Initiating and preparing client acceptance/retention procedures where appropriate
Planning the audit process and overseeing the execution of procedures with quality, efficiency, and completeness despite pressures of deadlines
Executing proper BDO methodology including but not limited to proper archiving procedures
Research
Applies methodology used to seek or maintain information from authoritative sources and to draw conclusions regarding a target issue based on the information by:
Applying advanced knowledge of all appropriate research tools and drawing conclusions based upon appropriate research
Preparing memos supporting research/conclusions and consulting with others if appropriate
Presenting issues to RTD or concurring reviewer effectively and accurately
Other duties as required
Supervisory Responsibilities
Setting the tone for teamwork by supporting others in their work and delivering on commitments made to team members and clients
Supervising of managers and senior associates on all projects
Reviewing work prepared by managers and senior associates and provide review comments
Acting as a Career Advisor to managers and senior associates
Scheduling and managing workload of senior associates and associates
Providing verbal and written performance feedback to managers and senior associates
Teach/coach managers and senior associates to provide on the job learning
Qualifications, Knowledge, Skills and Abilities Education
Bachelor's degree in Accounting, Computer Science, Management Information Systems, Business Administration, Managerial Marketing and Entrepreneurship, Finance or Economics, required
Master's degree in Accounting and minor or dual major in Information Systems or other relevant advanced degree, preferred
Experience
Ten (10) or more years of prior experience in internal or external audit, required
Ability to supervise managers, seniors and staff, as the situation dictates, and motivate team, required
Experience performing third party attestation reporting, required
Possess strong third party attestation reporting and GAAS technical skills, including possible industry expertise, required
Experience performing other internal control reviews (SOX, ISO 27001, etc.), preferred
Possess executive presence - need to be able to be primary contact for the client, prepare and present presentations to clients and potential clients, required
Possess excellent risk management decision-making skills, required
Able to function as Engagement Director on certain engagements as set forth by specific policy, preferred
Able to integrate with other areas of practice from a leadership and business development standpoint, preferred
License/Certifications
One or more of the following certifications are required:
Certified Public Accountant (CPA)
Certified Information Systems Auditor (CISA)
Certified Information Systems Security Professional (CISSP)
ISO 27001 Lead Auditor certification
HITRUST Certified Common Security Framework Professional (CCSFP)
Certified Internal Auditor (CIA)
Certified Information Security Manager (CISM)
Certified Ethical Hacker (CEH)
Certified in Risk and Information Systems Control (CRISC)
Certified in the Governance of Enterprise IT (CGEIT)
Software
Proficiency in the use of Microsoft Office Suite, required
Exposure to industry software such as PeopleSoft, JD Edwards, SAP, Lawson, Oracle Financials, Great Plains, Solomon IV and MAS/90-500, UNIX, OS400 or ERP application software packages, preferred
Other Knowledge, Skills & Abilities
Advanced understanding and experience planning and coordinating the stages to perform an audit of a basic public and/or private company
Knowledge of internal accounting controls and professional standards and regulations (GAAP, GAAS, Sarbanes-Oxley, etc.)
Strong verbal and written communication skills with the ability to adapt style and messaging to effectively communicate with professionals at all levels both within the client organization and the firm
Ability to successfully multi-task while working independently and within a group environment
Solid analytical and diagnostic skills and ability to break down complex issues and implementing appropriate resolutions
Able to work in a demanding, deadline driven environment with a focus on details and accuracy
Solid project management skills
Ability to travel as necessary
Ability to successfully interact with professionals at all levels
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.
National Range: $190,000 - $250,000 Maryland Range: $190,000 - $250,000 NYC/Long Island/Westchester Range: $190,000 - $250,000
#J-18808-Ljbffr