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Audit Manager – Private Equity, London

Date: Apr 21, 2021

Location: London, United Kingdom

Company: KPMG UK

The Team:
We are looking for experienced auditors to join the Audit practice within the Private Equity Group. We currently have opportunities in the London Office.
Our Private Equity audit team works with a variety of market leading entities ranging from the largest buy-out private equity houses to niche funds with specific industry, asset or geographical focus. Many of the businesses our PE houses back will be familiar to you as household names.
The strength of our PE sector knowledge is a key component of our successful department. We continue to grow because we are PE specialists and the audited entities recognise the value we bring on topics such as investment valuations, developing industry trends and the regulatory environment.
We deliver services to both fund and management entities within the portfolio. Our audited entities invest globally and operate across jurisdictions and we mirror these arrangements with close relationships and shared working practices across the wider international Private Equity Group.
We offer a supportive working environment with benefits packages tailored to the individual to help achieve a good work life balance, giving superb opportunities for personal and professional growth within a Big 4 environment.

The Role:
Manage and deliver audit engagements from planning through to completion on a broad spectrum of Private Equity houses and funds. You will have your own portfolio of audited entities with responsibility for agreeing audit timetables, briefing the audit team, including other specialists, monitoring budgets, executive level management interaction and supervising the KPMG audit process. This will include:

- To manage engagements, overseeing in-charge and audit assistants work ensuring compliance with non-statutory, statutory and KPMG Audit Methodology requirements, appreciating relevant internal and external market factors, ensuring the effective and timely delivery of engagements
- Oversee and direct the budgeting, planning, co-ordination and control of engagements and business requirements to ensure effective service delivery with a focus on optimising profitability
- Direct, coach and mentor Assistant Managers to assist them in the effective delivery of engagements and the direction of their subordinates ensuring cost effective, timely completion and effective service delivery to the required standard on each engagement
- Nurture and seek worthwhile relationships with management, business departments and staff, for the sharing of information and to identify and progress current and future audit requirements
- Prepare and negotiate fee proposals for our existing audited entities and assist in forming propositions for new business
- Contributes towards the creation, implementation and delivery of the Audit Business Plan and offer support in relation to issues identified as a result of organisational change
- Identifying, researching and helping to resolve complex accounting and audit issues including management fee arrangements and carried interest accounting
- Detailed reviews of Private Equity fund portfolio companies including analysis of company and industry performance, competitors and market trends and understanding the complex capital structures in order to determine fair value
- Analysis of wider industry trends and market data relevant to investment valuations
- Assist the Senior Managers, Directors and Partners in monitoring the effectiveness of Audit services delivered, providing feedback and reflection on the quality of service accordingly
- Preparation of reports to senior management and audit committees
- You may also have the opportunity to work on audit tenders or audit related advisory projects

The Person:
- Monitors and upholds the highest quality of service and products to audited entities (internal and external)
- Well-developed leadership and supervisory skills and the ability to effectively communicate with a wide range of individuals both internally and externally at different seniority levels
- Drive and resilience and ability to thrive in a pressured environment
- Knowledge and experience of auditing and experience of systems/controls testing as well as substantive auditing, including consolidations, group audit, review of statutory and non-statutory accounts and disclosures
- Sound working knowledge of IFRS, UK GAAP and US GAAP (not essential)
- Knowledge of IPEV valuation guidelines and associated valuation methodologies including EV / EBITDA multiples, discounted cash flow models and fund of funds (not essential)
- Experience auditing estimates, including valuations of level 3 investments (not essential)
- Some experience auditing Private Equity houses and funds is preferable
- Has a desire to work in a diverse environment and gain exposure to an international working environment
- Works with a collaborative attitude with an enthusiasm for coaching and developing others and ability to act as a role model
- Shows initiative, resilience and is able to multitask in a pressurised environment
- Strong project management techniques including decision-making ability, analytical skills, time management, organisation and evaluative skills.
- Exceptional communication and inter-personal skills, both verbal and written
- IT literacy with sound knowledge and experience of Excel/Word
- Proven research skills e.g. information seeking and knowledge sharing, understanding and interpreting information/applying knowledge
- Able to demonstrate strong business development acumen
Qualifications and Skills:
- Fully Qualified Accountant - ACA, ACCA or international equivalent is essential
- Significant and recent experience as an Audit Manager in an external audit capacity, working with large, complex audited entities from a variety of corporate industry sectors

Job Segment: Audit, Financial, Law, Private Equity, Equity, Finance, Legal