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Audit Manager

2 months ago

Canterbury, Kent, United Kingdom Kreston Reeves Full time
Audit Manager Role

We are seeking an experienced Audit Manager to join our team at Kreston Reeves. As an Audit Manager, you will be responsible for managing specific audit clients and workflow, providing high-quality client service experience while ensuring adherence to individual job budgets and maximum fee recovery.

Key Responsibilities:
  • Ownership of client portfolio/contacts for ongoing management and development
  • Partners and employees who are key stakeholders in audit work across the Service Line
  • Day-to-day audit team management responsibility
  • Being a people manager where appropriate
  • Developing and building own network of intermediaries and prospects
  • Government bodies and external organizations such as HMRC and ICAEW
Principal Accountabilities:
  • Ensure the planning, prioritizing, and allocation of all relevant client audit work ensuring effective team workflow
  • Ensure establishment of scope and budget for each piece of client audit work under own control and ensure adequate briefing to team members
  • Ensure full agreement from client for audit work to be undertaken and communicate likely fees prior to commencement to maximize fee recovery
  • Ensure full implementation of all client audit work in line with agreed budget ensuring adherence to The KR Way standards of performance document, with completed audited accounts ready for R.I. review and sign-off
  • To proactively look for ways to maximize audit efficiency
  • Develop working across the service line in a technical or sector role
  • Monitor work progress and ensure appropriate levels of communication with all clients and internal stakeholders on progress for each key task or phase
  • Ensure proactive management of instances where the 'work performed' exceeds the agreed client fee and ensure agreement of a mutually acceptable outcome
  • Ensure preparation of bills for own client audit work done and ensure they are sent to the client in a timely manner
  • Research and seeking to resolve issues for upward communication in more complex clients or higher risk aspects of audit work
  • Run regular workflow meetings to prioritize work and to ensure deadlines are met, maximum work on track, and to tackle any off-track
Client, Internal, and External Organizational Contact:
  • Manage, support, and develop a client portfolio, with increased technical or complex issues or sector specialisms, ensuring the maximizing of client advocacy and fee levels from own portfolio
  • Act as a key point of contact for other nominated clients to manage all their Audit and other service requirements
  • Return phone calls and written correspondence to all of the above within required deadlines and ensure promises are kept
  • Attend/lead Audit review and close-down meetings for own clients as required
  • Proactively contact clients when items of interest or benefit to the client arise, therefore adding value
  • Ensure overall provision for high levels of client service is in place across own client base
  • Provide appropriate access and support for other internal departments to own Audit clients so as to assist the cross-selling of services into the Audit client base
  • Ensure client hygiene factors are in place, AML, KYC reviews, engagement letters, etc
Leadership, People Management, and Development:
  • Be aware of individual team member capability and aspiration to 'enable' best performance of a team of direct reports through coaching and mentoring of audit team members
  • Set out the objectives for the audit team at the start of each audit
  • Monitor individual and team performance versus original objectives as set at the start of each audit and have an awareness of service line KPIs
  • Provide regular feedback to all audit team members on their performance on job-specific standards, ensuring praise where due and highlighting of issues for team member learning
  • Provide support to Senior managers and Directors for internal and external recruitment of new Audit service line team members at assistant manager level and below
  • Oversee professional development of audit team members
Internal Financial Management and Business Planning:
  • Monitor performance of team and individuals' KPIs in line with the Audit SL business plan
  • Where service line performance is at or above target, ensure this is communicated to own team and the celebration of success is encouraged
  • Where service line performance is below target, encourage and instigate remedial action and focus from self and team colleagues to rectify and improve short-term performance
New Business Development:
  • Continue to build own network of intermediaries, seek to generate referrals from own client base, and convert prospects into new clients
  • Support the Audit team in delivering the required departmental incremental fee target via networking (internal and external), meeting attendance, business pitches, presenting at webinars, and writing of articles for relevant sectors
  • Develop suitably strong internal Kreston Reeves connections such that access and support are given by all other internal departments to their own client bases
What's in it for me?

Kreston Reeves is passionate about its people; we want our colleagues to develop the things they are good at and enjoy.

By joining us, you can expect:

  • Autonomy to develop and grow your skills and experience
  • Opportunities to develop a varied portfolio of work with different clients
  • Strong, inspiring, and thought-provoking leadership
  • A genuinely supportive and collaborative environment
  • A culture of learning in a stimulating environment

As well as this, we offer:

  • Leave – We offer a generous annual leave allowance, Holiday buying (up to 5 days), Agile working
  • Retail – Restaurant cards (Gourmet Society and Tastecard), Discount shopping, Fabyouless
  • Mental Wellbeing – Employee assistance programme and counselling
  • Physical Wellbeing – Vitality PMI/Westfield Hospital Treatment Insurance, Critical Illness Insurance, BMI Health Assessment, GymFlex, DNAFit, Annual flu jab
  • Financial Wellbeing – 5% matched contribution pension, 2x salary Life Assurance, Westfield Health Cash Plan, 50% Income Protection for 5 years, Increase to Life Assurance, Increase to Health Cash Plan, Options to increase pension, life assurance, and healthcare cash plan (yourself and/or family)
  • CSR – Give as you earn, 1 day off to take up volunteering opportunities. Opportunities to support our commitment to charitable causes
  • Travel – Cycle to work scheme, Travel Insurance, Interest Free Season Ticket Loan (London only), Interest Free Car or Motorbike Loan
  • Recognition – Monthly nominations for financial awards based on culture and values demonstration, fair and transparent meritocracy
  • Development – We offer continuous support and development with clear mapped progression routes across the business. Access to a calendar of training courses run internally and externally, offer paid professional subscriptions
  • Diversity Inclusion and Belonging – We operate several Family friendly policies, offer Childcare vouchers, and take proactive steps to create an inclusive environment

Kreston Reeves celebrates and promotes diversity and acknowledges that difference brings value to our business. We are an equal opportunities employer and welcome an application from you regardless of your race, sex, disability, religion/belief, sexual orientation, or age. We believe in creating an even playing field for all of our colleagues, where we can all belong.