GDS Assurance - FAAS - Senior Associate

Job Description 

Senior, FAAS – EY GDS Assurance

Who we are:

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders.  In
so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.              

About EY’s Global Delivery Services (“GDS”):

EY Global Delivery Services (GDS) Assurance practice supports global EY client–serving teams with their reviews across industry sectors, including financial services, manufacturing and technology, among others.  Through  the  right  multidisciplinary  team  of  professionals  with  the  sector  knowledge                                                                                                                                                                                                                         and subject matter expertise, EY GDS Assurance enables EY client teams in over 30 countries to                                                                                                        help world’s leading companies meet their audit requirements.   

Job Description:    

Financial  Accounting  Advisory  Services  (FAAS)  professionals  provides  advisory  services  including Accounting and regulatory support for accounting change and special matters; accounting processes and controls support (remediation, long-term contract accounting and cost accounting); GAAP Conversion and implementation;  IPO  and  other  public  offering  assistance  and  transaction  accounting  and  financial reporting assistance (purchase price allocation). 

The Senior should be competent to manage a portfolio of clients and be responsible for the timeliness and quality of the work as per EY Global Standards for our FAAS team. The role requires technical knowledge of IFRS/US/UK GAAP along with well-developed communication skills. While the Senior will be based out of our Manila office, the individual will be required to travel to other Countries (short term) for executing the client engagements. 

Key Responsibilities include:

Execute the following FAAS solutions using Global service delivery framework: 

• Financial Accounting and Reporting Excellence 
• Accounting Processes 
• Regulation, Governance and Financing 
• 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 

• 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. 
• Benchmark client data to industry data in order to make possible recommendations for 

improvements 

• Apply independent and objective professional judgment in applying accounting standards to meet

engagement expectations, including regulatory requirements. 

• Demonstrate a good understanding of accounting concepts; stay informed of professional 

standards and firm policies (e.g., guidelines of the EY FAAS Policy Manual); and effectively apply  this knowledge to moderately difficult and/or complex client situations 

• Receive direction from the Manager, Senior Manager and Partner 

Skills & Attributes for Success:

• Certified Public Accountant (CPA) 
• 2-4 years (post qualification) in relevant experience including at least one year of experience

in Financial Accounting 

• Good understanding of IFRS, US/UK GAAP 
• 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 (at least three): 

o    Financial statement close process support

o    Financial statement preparation

o    Drafting and designing accounting policies 

o    Accounting support for audit requirements

o    GAAP conversions and implementation of new accounting standards 
o    Technical accounting research and advice 

o    Consolidation and Compilation support 

o    Transaction accounting and reporting – IPO’s, Carve Outs, PPA etc. 

o    Benchmarking services and market analysis