Audit - Manager - Private Equity

RSM US   •  

Chicago, IL

Industry: Financial Services


5 - 7 years

Posted 333 days ago

This job is no longer available.


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


  • 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
  • Assess risk along with design and communicate audit procedures to engagement teams
  • Understand and utilize RSM's Audit Methodology
  • Develop an understanding of the client's business to understand client specific needs
  • Manage multiple engagement teams and prepare end-of-engagement evaluations for Staff
  • Understand skillsets and capabilities of Senior Associates and Supervisors and monitor and review work product that they prepare and report on performance while articulating coaching notes throughout the process
  • Identify technical accounting matters early and assess impact on financial statements; coordinate with firm specialists as needed
  • Supervise Audit Seniors and Supervisors on engagement teams and function as an in-charge facilitating field work bymonitoring and reporting regarding productivity and adherence to work plan schedules on each assignment
  • Provide a comprehensive review of audit work papers and financial statements
  • Maintain contact with clients throughout the year to understand impact of significant developments in client's business and assess impact on current year audit engagements
  • Develop others within the Firm through facilitating levels based or industry training, advising on career development or participating in other Firm initiatives
  • Subscribe to and actively read industry publications and share relevant information with clients as considered applicable
  • Anticipate and address client concerns and escalate issues as they arise
  • Understand RSM's lines of businesses, availability of services and where applicable, discuss with client management ofopportunities to make valuable introductions to others in the firm
  • Develop a strategy to utilize relationships external to the firm with different types of Centers of Influence to effectuate business growth
  • Manage profitability of projects
  • 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 Senior Managers and Partners
  • Identify performance improvement opportunities
  • Ensure professional development through ongoing education
  • Keep abreast of latest developments as they affect GAAP and the Firm's standards and policies
  • Willingness to travel 25% of the year, depending on your clients


Required Qualifications:

  • BS/BA Degree in Accounting or equivalent degree
  • CPA or CA Certification
  • 5+ years of current or recent experience in a public accounting environment
  • Experience leading teams and mentoring associates
  • Understanding of audit services with knowledge of GAAP, GAAS and FASB regulations
  • A proven record of building profitable, sustainable client relationships
  • Minimum of 4 years of team lead or in-charge experience overseeing staff on multiple engagements
  • 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 in reviewing audited financial statements
  • Understanding of management fee calculations

Preferred Qualifications:

  • Previous experience auditing private equity funds
  • A successful record of directing and deploying staff and senior associates on multiple, simultaneous engagements
  • Awareness of tax issues impacting private equity funds
  • Awareness of regulatory issues impacting private equity funds
  • Chartered Financial Analyst (CFA) certification is a plus