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⚡ Source: ReedRef: 56881291

Audit Manager

McGinnis Loy Associates Ltd·Watford, Hertfordshire·Posted 4 days ago
💰 £58-70k/year
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Job description

Original text imported from Reed

Audit Manager / Audit & Accounts Manager - SUPERB ROLE

McGinnis Loy Associates is proud to be working with a high-growth Top40 Accountancy Practice who are looking for an Audit Manager / Audit & Accounts Manager to work with their Watford based team. With a client base covering London and the Home Counties, the role will involve controlling all Audit plans and their delivery, supervising Audit Seniors, meeting budgets/targets and financial reporting. Key duties include :

  • Assisting Partners with managing client portfolios, ensuring all Audit & Accounts engagements comply with audit standards and internal procedures
  • Controlling all audit assignments and liaising with Client Account Managers as necessary
  • Supervising the work of Audit & Account Seniors/Supervisors including on-the-job training
  • Performing spot checks on files prior to being passed to Partners
  • Providing technical audit assistance and performing technical checks
  • Organising the delivery and oversight of audit training and reviews with the Audit Principals
  • Budgetary planning and monitoring the team’s audit work against agreed targets
  • Preparing and reviewing work papers, along with drafts of financial statements
  • Addressing and discussing with clients any technical audit issues identified during the course of audits
  • Identifying areas requiring improvement in client processes and providing recommendations
  • Planning audits that are larger, more complex or high profile in nature

To be considered for the 75% Audit & 25% Accounts position, you should be able to project a professional, credible image with confident communication skills and be an ACA or ACCA Qualified Accountant. From a Top100 (or highly regarded regional) Accountancy Firm, you should have strong staff management skills, be up to date with current auditing techniques and have strong working knowledge of UK GAAP & IAS. You should be self-motivated, energetic and be able to take the initiative with excellent planning, organisational and team working skills.

On offer is a base salary to £70,000 depending on experience, 25 days holiday, pension & healthcare schemes, hybrid working and other flexible benefits. To apply for the position or for more information, please contact McGinnis Loy Associates (Reading) Office by telephone or via email at admin@mcginnisloy. com

McGinnis Loy Associates Ltd is acting as an Employment Agency in relation to this vacancy, in accordance with the Employment Agencies Act

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Key skills

AI-extracted from the job advert

Must-have skills
ACA qualificationACCA qualificationUK GAAPIASTop100 firm experienceStaff managementAudit planningFinancial statement preparation
Nice-to-have
Regional firm experienceAudit training deliveryComplex audit experienceHigh-profile client management
Soft skills
CommunicationLeadershipSelf-motivationInitiativePlanningOrganisationTeamwork
SpeedCV AI

Application advice

5 AI-generated recommendations to maximise your chances.

1

⭐ Highlight your ACA or ACCA qualification prominently as this is explicitly required for the role

2

📊 Quantify your audit experience: 'Managed 15 audit engagements worth £2.3M, delivering 98% on budget'

3

🎯 Emphasise your Top100 or regional firm background as the advert specifically seeks this experience

4

🤝 Showcase staff management examples with numbers: 'Supervised 4 Audit Seniors across 12 client engagements'

5

🌐 Demonstrate UK GAAP and IAS knowledge with specific examples of complex audits you've handled

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Suggested CV bullets

3 bullets our AI drafted for this specific advert, mirroring its ATS keywords.

How to tailor your CV

Add these 3 bullets under your most recent experience:

  • Managed 18 audit engagements worth £3.2M annually, achieving 96% budget compliance whilst supervising 5 audit seniors
  • Implemented UK GAAP transition procedures for 12 manufacturing clients, reducing technical queries by 40% through proactive planning
  • Delivered audit training programmes to 25 junior staff members, improving file quality scores from 78% to 92% over 6 months

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Dear Hiring Manager,

McGinnis Loy Associates' Audit Manager position at your Top40 practice represents exactly the career progression I'm seeking. My ACA qualification and experience with UK GAAP implementation across complex audit engagements aligns perfectly with your requirements for managing client portfolios spanning London and the Home Counties.

My background in supervising audit teams and delivering technical training at a Top100 firm has prepared me to excel in your 75% audit, 25% accounts structure. I have consistently delivered audit engagements on budget whilst developing junior staff through hands-on mentoring and technical guidance.

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Interview questions

10 questions generated from this advert.

Technical

  • How do you ensure audit engagements comply with current UK auditing standards?
  • Describe your experience with UK GAAP and IAS implementation in audit work
  • How do you approach planning complex or high-profile audit engagements?
  • What technical audit checks do you perform before files go to Partners?
  • How do you stay current with evolving auditing techniques and standards?

Behavioural

  • Tell me about a time you had to manage multiple audit assignments while meeting tight deadlines
  • Describe a situation where you identified process improvements for a client during an audit
  • How do you handle supervising and training junior audit staff?
  • Give an example of when you had to discuss technical audit issues with a difficult client
  • Tell me about a time you had to take initiative to resolve an audit-related problem
SpeedCV AINEW

STAR answer examples

Model answers using the Situation-Task-Action-Result framework. Adapt to your own experience.

1Question

Tell me about a time you had to manage multiple audit assignments while meeting tight deadlines

During year-end season, I was assigned 8 audit engagements with overlapping deadlines within a 6-week window. I created a detailed resource allocation matrix, assigning 3 audit seniors across the engagements based on their technical strengths and client familiarity. I implemented daily progress reviews and reallocated resources when the manufacturing client audit fell 4 days behind schedule. By working closely with the client to streamline their documentation process and extending one team member's hours by 15% for 2 weeks, we delivered all 8 audits on time with 94% budget compliance and maintained our quality standards.
2Question

Describe a situation where you identified process improvements for a client during an audit

While auditing a £12M retail client's inventory procedures, I noticed their monthly stock counts were taking 3 days and generating 15% variance rates. I analysed their process and discovered they were manually reconciling 2,400 SKUs without cycle counting protocols. I recommended implementing ABC analysis for high-value items and introducing weekly cycle counts for the top 20% of inventory. After presenting my findings to their Finance Director, they adopted the recommendations, reducing monthly count time to 1.5 days and variance rates to 6% within 4 months.

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