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Deadline

31 Jul 2019

  • Job Type: Graduate Job
  • Area of Specialism: Audit and Assurance, Corporate Finance
  • Location: Canary Wharf, London
  • Start Date: September & December 2019
  • UCAS Points: 120
  • Degree Required: 2:1
  • Salary: Competitive + Benefits
  • Application Details: Click below to apply

Financial Services Group

Whilst the Financial Services Group is biased towards the London insurance market, involving a significant amount of statutory audit work for Lloyd’s syndicates, capital providers, agency groups, insurance companies and brokers, you could also be involved in auditing fund managers, venture capitalists and hedge fund managers. Coupled with the wealth of special assignments we are involved in, including corporate finance reporting, litigation support, due diligence investigations and internal audit reviews, working in the Financial Services Group will provide you with a diverse range of experience, a busy timetable and high degree of responsibility.

Purpose and Aim of the Job

  • To begin to develop a knowledge of accounting and auditing techniques and show commitment to passing the professional examinations
  • To begin to develop an understanding of the Financial Services sector, including insurance, funds and fund management and the associated accounting and auditing issues

Job Duties and Responsibilities

  • Undertake the work allocated by the assignment leader
  • Keep the assignment leader informed about progress at daily meetings
  • Ensure attendance at briefing meetings and understand the audit plan
  • Complete the work within budget for each area
  • Adopt high professional standards with a business-like approach to work
  • Develop a comprehensive working knowledge of double entry book keeping
  • Be able to obtain and document effective audit evidence, across various sections of the audit,including the following:
  1. Fixed assets section (complete)
  2. Investments
  3. Bank (complete)
  4. Understand & document accounting systems and complete systems testing
  5. Profit and loss analysis – with attention to tax requirement
  • Develop a basic knowledge of current accounting standards
  • Develop a basic knowledge of the laws and regulations affecting FS clients including Lloyd’s/FCA regulations and client money rules
  • Pass relevant professional examinations first time
  • Complete the required CII study exams
  • Be able to advise on basic accounting issues
  • Be aware of Institute and internal ethical guidelines
  • To accept responsibility for all work performed

Responsibilities or Involvement in Management

  • To promote the firm
  • To complete appraisals in accordance with procedure

Communication and Business Relationships required

  • Effective internal communication – both oral and written – with:
  • Partners
  • Managers
  • Assignment Leaders
  • Other Audit Staff
  • Effective external communication with clients

Job Knowledge Required

  • Attend training courses as appropriate
  • Possess core IT skills, including Pro Audit & CaseWare
  • Read insurance press

What you should expect from others

Assignment Leader:

  • Detailed briefing from Assignment Leader/Manager
  • Day-to-day support and on the job training
  • Face to face feedback
  • Daily on site progress updates
  • Guidance in planning work to complete it on time and within budget
  • Review of work completed and feedback on progress

Manager:

  • Detailed briefing
  • Ongoing support and guidance
  • On the job training
  • Prompt response to queries
  • On site reviews

Partner:

  • On site reviews
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