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Senior Associate - SaT - AMI - SaT - TCF - Transaction Diligence - Bangalore/Hyderabad

EY

EY

Bengaluru, Karnataka, India
Posted on Monday, June 10, 2024

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom. At EY, we don't just focus on who you are now, but who you can become. We believe that it’s your career and ‘It’s yours to build’ which means potential here is limitless and we'll provide you with motivating and fulfilling experiences throughout your career to help you on the path to becoming your best professional self.

The opportunity : Senior Associate - SaT - TCF Transaction Diligence - AMI - Bangalore/Hyderabad

AMI :

The Advanced Manufacturing, Mobility & Infrastructure (AMI) Industry Market contains the following industries: Aerospace and Defence, Chemicals, Infrastructure, Industrial Products, Automotive, and Transportation that includes Mobility-as-a-Service. We help our clients to address the rapidly changing needs of our business world on not only how goods and services are bought and sold, but also on how they are devised and created. AMI builds and shares resources across sectors facing common challenges and aims to drive more effective cross-sector collaboration while enabling greater resource-pooling and developing more cohesive market responses. AMI also presents an opportunity to link regional sector communities with a more robust, global priority sector infrastructure.

SaT - TCF Transaction Diligence:

Strategy and Transactions enables clients to reimagine ecosystems, reshape portfolios and reinvent for a better future. Using our Capital Agenda framework, we work with clients to find answers to today’s toughest strategic, financial, operational and commercial questions. We help corporates, private equity, governments, sovereign wealth funds, private and family businesses, and educational institutions with their key financial issues. From portfolio review and capital allocation processes to financial planning analytics and decision support, we have the people, analytics and tools to better allocate capital. Our team helps clients manage their risk/return trade-offs to support them with better decision-making around financing and capital efficiency.

Whether clients are preserving, optimizing, raising or investing, our Connected Capital Solutions (CCS) are our five go-to-market offerings that help drive competitive advantage and increased returns through improved decision-making. The CCS include Strategy, Corporate Finance, Buy and Integrate, Sell and Separate and Reshaping Results, and are underpinned by our Connected Capital Technologies.

Our key focus areas are - Investment Banking Advisory, Valuations, Modeling and Economics, Transaction Diligence, Restructuring and Turnaround Services, Project Finance and infrastructure, EY Parthenon - Strategy and EY Parthenon - Execution.

Technical Excellence:

  • Identify of deal issues, assessing their impact on the transaction (valuation etc.) and advising on ways to address the issues.

To qualify for the role you must have:

  • CA Qualified.
  • 2-4 years of experience in FDD OR Statutory Audit.

Skills & Attibutes:

  • Handled statutory audit assignments earlier
  • Strong Knowledge or experience in the areas of financial statements including revenue.
  • Strong conceptual knowledge of Company’s Act/New Company’s Act
  • Strong understanding of Indian Accounting Standards; recent changes that happened in Indian Accounting Standards 115/116 – Accounting Standards 22, 19, 3, Fraud Investigation, IFC, etc.
  • Knowledge about recent changes in accounting or understanding of accounting (Sales cut off/Sale return/material margin), regulatory changes (Gratuity or PF or ESIC).
  • Knowledge about Audit reports KAM + CARO (Company Auditor’s Report Order)
  • Overview of ICFR (Internal Control over Financial reporting)
  • Knowledge about IFC – International Finance Corporation
  • Knowledge about CSR (corporate laws) & recent changes
  • Strong Knowledge about Audit Procedures/Audit Reports (CAM/ICAM)
  • Understanding of business performance measures - Margins, EBITDA, working capital etc. required for FDD. Adequate reasons for movements and change in contribution margins with reference to business and items impacting financial statements.
  • Provision of Section 186 & 185 of Companies Act
  • Procedures required for testing of revenue or employee costs- Overstatement of revenue or fictitious employees.
  • Knowledge of ratios, Basic procedures to be performed for testing trade receivables and employee costs etc. + significant audit procedures like employee cost, finance cost, etc.
  • Procedures to be performed for diligence for basic area – like understatement of costs or cash leakages, etc.
  • Knowledge about disclosure requirement
  • Knowledge about Income Tax (PGBP)
  • Ability to prioritize work on multiple assignments & manage ambiguity
  • Strong written and verbal communication skills,
  • Clarity of thoughts and assertive,
  • Strong Analytical Skills

What we look for:

People with the ability to work in a collaborative manner to provide services across multiple client departments while following the commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions. We look for people who are agile, curious, mindful and able to sustain postivie energy, while being adaptable and creative in their approach.

What we offer:

With more than 200,000 clients, 300,000 people globally and 33,000 people in India, EY has become the strongest brand and the most attractive employer in our field, with market-leading growth over compete. Our people work side-by-side with market-leading entrepreneurs, game- changers, disruptors and visionaries. As an organisation, we are investing more time, technology and money, than ever before in skills and learning for our people. At EY, you will have a personalized Career Journey and also the chance to tap into the resources of our career frameworks to better know about your roles, skills and opportunities.

EY is equally committed to being an inclusive employer and we strive to achieve the right balance for our people - enabling us to deliver excellent client service whilst allowing our people to build their career as well as focus on their wellbeing.

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

Join us in building a better working world. Apply now.