Rea & Associates

Audit Manager

Rea & Associates$80K — $110K *
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting required; MBA or master's degree is a plus.
  • 5+ years of public accounting experience needed.
  • Significant supervisory experience is essential.
  • Licensed CPA is required.
  • Expertise in GAAP and GAAS is necessary.

Responsibilities

  • Supervise and review the execution of audit tasks.
  • Validate and assess internal controls for financial reporting.
  • Advise clients on regulatory risks and complex accounting issues.
  • Conduct business development activities and engage in marketing.
  • Ensure the profitability of audit engagements through effective billing and collections.
  • Train and mentor the audit staff during fieldwork.
  • Maintain timely communication with management and audit committees.

Benefits

  • Health Care Plan (Medical, Dental & Vision)
  • 401k retirement plan with a 3% contribution
  • Life Insurance (Basic, Voluntary & AD&D)
  • Family Leave (Maternity, Paternity)
  • Short Term & Long Term Disability
  • Training & Development opportunities
  • Wellness Resources
  • Four weeks of Paid Time Off (PTO)
  • Twelve paid holidays, including three floating holidays
Full Job Description
We are looking for an Audit Manager to work and travel within the Dublin, Ohio area. This is an outstanding opportunity to grow and support The Rea Advantage, our strategic plan. This opportunity also has path to partner potential.

The Audit Manager is responsible for supervising, directing and reviewing the results through the delegation of tasks throughout the planning, field work and "wrap-up" stages of an Audit client engagement. In this role, the Audit Manager is charged with marketing, networking and business development within an area of expertise, as well as the responsibility of ensuring engagement profitability involving billings and collections.

Traditionally the responsibilities of the Audit Manager will include advising the client on various economic and regulatory risks within their industry, resolving complex accounting issues, apply GAAP and GAAS consistently within complex situations, writing technical consultation memos on GAAP / GAAS issues, and documenting, validating, testing and assessing various financial reporting control systems.

Job Duties

Control Environment
  • Applies knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures
  • Applies a broad understanding of objectives and components of the overall control environment and organization, and supervisory controls
  • Validates and assesses effectiveness of internal control over financial reporting
  • Identifies and communicates to management and audit committee suggestions to improve client internal controls and accounting procedures
  • Identify and delegates functions of the audit to the auditor in charge as deemed appropriate
  • Supervise the work of audit team and review workpapers and conclusions preferably onsite during audit field work
  • Provide on-the-job-training to the engagement staff during audit field work

GAAP
  • Applies knowledge and understanding of governing principles; applying these principles to client transactions; and documenting and communicating an understanding and application of these principles
  • Identifies and consults with clients on the impact of new accounting pronouncements
  • Monitors and communicates important professional, industry pronouncements
  • Presents and discusses alternative generally accepted accounting principles and arguments for/against such alternatives
  • Drafts complex financial statements and related footnote disclosures and effectively communicates these to client
  • Identifies complex accounting issues and forms and documents resolution, seeking counsel of Rea technical experts as needed

GAAS
  • Applies 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
  • Applies a thorough knowledge of professional standards/practices, including GAAS and PCAOB (if applicable) in performing and supervising work
  • Provides guidance to others and affirms conclusions made by others
  • Communicates matters required to be reported to the Audit Committee/Board and those charged with governance
  • Applies the use of efficiency tools such as statistical sampling, CAATS, etc.

Methodology
  • Applies knowledge and application of audit standards that guide effective and efficient delivery of quality services and products
  • Conducts detailed review to assure audit is completed in accordance with assurance manual standards
  • Prepares or reviews required communications to management and audit committees, ensuring timeliness and completeness
  • Recommends appropriate outcomes to critical issues
  • Initiates and prepares client acceptance/retention procedures where appropriate
  • Plans the audit process and oversees the execution of procedures with quality, efficiency, and completeness despite pressures of deadlines
  • Executes proper RSM 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 that information.
  • Defines methodology to conduct research projects and completes in a timely manner
  • Applies comprehensive knowledge of all appropriate research tools and draws conclusions based upon appropriate research
  • Prepares memo supporting research/conclusions and consults with others if appropriate
  • Presents issues to PIC or concurring reviewer effectively and accurately
  • May be required to organize and conduct effective internal CPE training sessions in area of specialization, involving Firm specialists

Job Performance Responsibilities

Plans and reviews the audit process and the procedures to be performed to include:
  • Budgeting and staffing
  • Monitoring engagement process and actual time incurred vs. budget with assistance of Senior
  • Timely billing including management of identified out-of-scope activity and communication to client
  • Timely collection of A/R
  • Manages client relationships/expectations in accordance with the project
  • Provides advice to clients in a timely manner

Supervisory Responsibilities
  • Responsible for supervision of Associates, Senior Associates and Supervisors on all projects
  • Review work prepared by Associates, Senior Associates and Supervisors and provide review comments
  • Act as a Career Advisor to Associates, Senior Associates and Supervisors
  • Schedule and manage workload of Associates, Senior Associates and Supervisors
  • Provide verbal and written performance feedback to Associates, Senior Associates and Supervisors
  • Teach/coach Supervisors, Seniors and Associates to provide on the job learning
  • Other duties as required

Requirements

Education:
  • Bachelor's in accounting or equivalent required
  • MBA/master's degree in accountancy optional

Experience:
  • Five (5) or more years prior work experience in public accounting required
  • Prior significant supervisory experience

Licenses/Certifications:
  • Licensed CPA

Benefits

Rea offers a wide variety of benefits to help support our employees' health, wellness and financial goals.
  • Health Care Plan (Medical, Dental & Vision)
  • Retirement Plan (401k with 3% contribution)
  • Life Insurance (Basic, Voluntary & AD&D)
  • Family Leave (Maternity, Paternity)
  • Short Term & Long Term Disability
  • Training & Development
  • Wellness Resources
  • Four (4) weeks PTO
  • Twelve (12) paid holidays, of which three (3) are floating holidays


About Rea & Associates

Rea & Associates is a certified public accounting and consulting firm that provides tax, audit, and consulting services to clients in a variety of industries, including healthcare, construction, and real estate. The firm was founded in 1938 and is headquartered in New Philadelphia, Ohio, with additional offices throughout Ohio. Rea & Associates is committed to providing exceptional service to its clients and has a reputation for delivering innovative solutions to complex business problems.
Learn more about Rea & Associates
Size
300 employees
Industry
Net Income
$5 million
5 Year Trend
+5%
Revenue
$30 million

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