New-FAAS ECRA Senior

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.          EY GDS – Assurance FAAS – Senior – Enhanced corporate accounting and reporting (ECRA) – GAAP Conversion: At EY, we’re all in to shape your future with confidence. We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. Join EY and help to build a better working world.   About Global Delivery Services Global Delivery Services refers to EY's worldwide network of service delivery centers. The GDS team plays an important role in EY’s strategy by ensuring effective support to EY’s growth agenda. Our journey started in 2002 with approximately 200 people. Today we stand at 80,000+ professionals in ten locations around the world. We operate in Argentina, China, Hungary, India, Philippines, Poland, Sri Lanka, Mexico, Spain and the United Kingdom. Client service is focused on providing Consulting, Assurance, Tax, Strategy & Transactions, and Knowledge support to our clients around the world. The teams enable account teams worldwide to provide seamless, high-quality, value-added support, helping deliver exceptional client service. Enablement Services provides cost-effective, high-skilled, and innovative services to support EY’s global and local enablement teams. Markets, BMC, AWS, Finance and Accounting, Risk Management, Procurement, People Shared Services, IT Service Delivery and IT Global Infrastructure services, are among the services offered by Enablement Services. Our innovation specialists serve the GDS Client Service and Enablement Services teams, along with Service Lines, Core Business Services and Sectors. The team brings the desired environment, technologies and skilled teams together for facilitation, rapid prototyping and innovative thinking. The competencies offered include analytics, digital, user experience, mobile technology, infrastructure, Microsoft technologies and open innovation.   The Opportunity We’re looking for an incumbent who is competent enough to lead projects that provide advisory services specially accounting change and GAAP conversion for IFRS/ US GAAP. As part of our EY GDS Assurance Team, the individual will be responsible for working closely with FAAS Managers and Senior Managers on client engagements across Americas, EMEIA or APAC. Your Key Responsibilities Manage quality of service delivery Ensure quality in delivering client service by directing daily progress of fieldwork, informing Supervisors of engagement status Follow through on client requests in a timely fashion, and manage expectations regarding the timing of deliverables and reports Explain the client's critical success factors to the engagement team. Working directly with the onshore engagement team on a daily basis to deliver work to onshore clients; Demonstrate a good understanding of accounting concepts, stay informed of professional standards and updates thereon; and effectively apply this knowledge to moderately difficult and/or complex client situations Identify engagement and client service issues. Research and benchmark client data to industry data. Explain the client's critical success factors to the engagement team. Apply independent and objective professional judgment in applying accounting standards to meet engagement expectations, including regulatory requirements. Coordinating with on-shore technical accounting teams to understand their accounting issue(s) and provide research assistance on an as-needed basis on U.S. GAAP and IFRS accounting pronouncements. Demonstrate knowledge on special accounting matters, new accounting pronouncements, technology oriented solution driven by accounting as a functional expertise. Primary responsibility for project managing in connection with transactions, ensuring relevant deal information flow and appropriate coordination between legal and the other cross-functional deal team members. Customize each presentation to the acquisition’s specific attributes. Work on a variety of corporate finance transactions in all stages, from initial client pitches to transaction closing. Receive direction from the Manager, Senior Manager and Partner. Responsible for decision-making, optimizing processes, resource management, and overseeing team management as needed for task execution. Accountable for allocating personnel, supervising team members, assigning tasks, ensuring that the team has the necessary tools and support to succeed in their roles and optimizing and evaluating their performance to meet organizational goals.   Skills and attributes for success Good understanding of IFRS/US/UK GAAP/ GAAP Conversion and International auditing standards. Coordinating with on-shore technical accounting teams to understand their accounting issue(s) and provide research assistance on an as-needed basis on U.S. GAAP and IFRS accounting pronouncements. Primary responsibility for project management in connection with project role and responsibilities, ensuring relevant information flow and appropriate coordination between cross-functional team members within the finance function Work on a variety of GAAP conversion and accounting matters through all stages, from initial client pitches to audit closing. Work on data Analysis, Research & update relating to accounting standards and regulations. Prepare comprehensive documentation outlining the conversion process and adjustments made. Work closely with senior analysts and managers to ensure accurate conversion processes. Identify and resolve discrepancies or issues in the GAAP conversion process and communicate the same to Managers in effective and timely manner. Participate in training sessions and professional development opportunities to enhance knowledge of GAAP and related standards. Strong written and verbal communication, presentation and technical writing skills Ability and comfort level in researching client inquires and emerging issues, including regulations, industry practices and new technologies Flexibility and willingness to travel on short notice, as necessary Working experience in relation to the following services/solutions: GAAP conversion engagements at least from IFRS and US GAAP & vice versa (end to end) Implementation of new accounting standards specially IFRS/ USGAAP, Minimum IFRS 15/ASC 606, IFRS 16/ ASC 842, IFRS 9/ASC 825, ASC 326, ASC 815 Experience or working knowledge on IFRS 17/ASC 944 would be an added advantage. Drafting and designing accounting policies Technical accounting research and advice Consolidation and reporting under IFRS and US GAAP Disclosure Support   Professional experience Typical experience may include, whilst not limited to: Experience of working in an advisory role. Skills and experience with: technical accounting matters, whitepapers on significant issues like consolidation, IFRS 15, 16, 9 and Knowledge of IFRS 17 would be an added advantage (Corresponding standards in USGAAP as mentioned above). GAAP Conversion through different GAAPs not limited to IFRS and USGAAP Hands-on consulting experience at a Big 4, or top tier consulting firm   To qualify for the role, you must have Chartered Accountant (CA), CPA (US) or ACCA (UK) 2-5 years (post qualification) in Assurance including at least 1 years of Financial Accounting and \ Advisory experience   Ideally, you’ll also Interest in business and commerciality.   What we look for A Team of people with commercial acumen,