Audit Manager Job Description

Audit Manager Job Description

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Audit manager provides oversight and financial controls to development and implement uniform standards and guidelines within the B&A / RE Business for financial accounting, reporting and auditing in accordance with the General Accepted Accounting Principles (GAAP), and the Professional Accounting Theory and Practice.

Audit Manager Duties & Responsibilities

To write an effective audit manager job description, begin by listing detailed duties, responsibilities and expectations. We have included audit manager job description templates that you can modify and use.

Sample responsibilities for this position include:

Monitoring business, regulatory, financial development related to broad lines of business responsibility
Monitoring business, regulatory and financial developments and related risks for assigned line(s) of business
Through in-depth understanding of the business, including changes to the regulatory and business environments develops audit approaches to ensure effective control solutions are implemented
Support business monitoring activities to ensure that the Internal Audit Group stays up to date with developments within the business
Understanding business strategies, processes and regulations effectively and quickly and embedding this knowledge in his / her work product
Interacting with senior members of the Audit team, external parties (Auditors) and senior business partners
Identifying and assessing technology risks assumed by the business
Business Valuation and litigation
Planning, organizing and delivering work on audit engagements to assess the adequacy of the control framework and document risk issues for business management in a clear and objective way, preparing constructive recommendations for improvements to manage and control risk
Educating the business in control best practice by applying current industry and regulatory knowledge, technical expertise and complying with relevant policies

Audit Manager Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Audit Manager

List any licenses or certifications required by the position: CPA, CIA, CISA, CRCM, CFA, CFE, CAMS, CPE, CPCU

Education for Audit Manager

Typically a job would require a certain level of education.

Employers hiring for the audit manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, MBA, Education, Accountancy, Taxation, Graduate, Business/Administration, Auditing

Skills for Audit Manager

Desired skills for audit manager include:

U.S. Generally Accepted Accounting Principles Auditing Standards
GAAP
Business
Department
Ability to create
Ability to leverage that information in creating customized customer solutions
Ability to manage the major responsibilities
Accountabilities
Evaluate and enhance processes in internal controls
Implement

Desired experience for audit manager includes:

Building and maintaining key client relationships
Engaging in relevant training regarding audit, businesses, financial controls, regulations and ensuring appropriate training and career development for all levels of professionals in his/her group
Investigating, resolving, or assessing unexpected situations and provide thoughtful analysis and feedback quickly
Translating a strategic view into an appropriate Audit Universe/Risk Assessment and Audit Plan that prioritizes efforts appropriately
Identifying and evaluating the design and operating effectiveness of controls established to address those risks
Formulating and positioning reportable issues in terms easily understood by stakeholders

Audit Manager Examples

1

Audit Manager Job Description

Job Description Example
Our company is searching for experienced candidates for the position of audit manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for audit manager
  • Determine if the control environment adequately mitigates the risk in conformance with professional and department standards, budgets, and timelines
  • Participate in business development efforts to include working collaboratively with Senior Managers, Partners, and Marketing
  • Execute continous risk monitoring and meet and advise business management of audit insights and ongoing issues
  • Execute continuous risk monitoring and meet and advise business management of audit insights and ongoing issues
  • Presenting business partners with value-added recommendations to improve their systems of internal control, generating report-ready draft audit reports, and demonstrating appropriate influence and credible challenge when necessary
  • Review business tax returns and tax accruals/ provisions where appropriate
  • Manage a diverse portfolio of engagements across multiple lines of business and build relationships with senior management
  • Demonstrate knowledge of financial and operational internal control methodologies and terminologies
  • Servicing a portfolio of key clients and successfully developing service offerings to meet demands
  • Working with other departments
Qualifications for audit manager
  • 6+ years of experience with all phases of the Audit cycle
  • Experience with Risk Assessment, Planning, and Fieldwork and Reporting
  • Professional Audit certifications - preferred
  • Audit experience in financial services
  • 8+ years’ experience of auditing Municipalities and School Districts preferred, demonstrating a progression of complexity, scope and number of engagements managed
  • Be part of a team of professional auditors responsible for all aspects of an audit
2

Audit Manager Job Description

Job Description Example
Our company is looking to fill the role of audit manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for audit manager
  • Implement procedures that affects areas of the company outside their own functional area
  • Assist staff members in defining performance objectives and standards that are acceptable and support the goals and strategies of the department, and the staff member’s long-term growth
  • Manage special projects including but not limited to fraud, business development, mergers and acquisitions
  • Ensure that the associated risk profile stays current
  • Responsible for or assist with the planning, scoping and managing of audits
  • Liaison with other team members and global and regional audit management during the audit
  • Raise, draft and clear audit observations
  • Designing and executing of tests of controls, documenting audit work
  • Drafting the audit report and facilitate the validation and closing meetings with divisional personnel
  • Monitor the activities of the audit team to ensure that all work is delivered to a high standard
Qualifications for audit manager
  • Healthcare audit experience required, specifically nursing homes, assisted living and CCRC
  • Extensive Nonprofit Audit experience
  • Experience in Bio Tech and/or technology clients helpful
  • Minimum of 5 years audit experience in public accounting, professional services firms or the equivalent is required
  • Accounting, Financial or Audit designation (CA
  • Minimum of 5 years related experience in public accounting or relevant corporate experience
3

Audit Manager Job Description

Job Description Example
Our company is looking for an audit manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for audit manager
  • Provide value added advice to the business
  • Remaining current on regulatory rules and changes within the industry that may impact the asset management business or its audit plan
  • Participating in strategic analysis and annual/dynamic audit planning activities
  • Ensure audit work is documented in accordance with industry / WFAS standards and fully supports conclusions and overall opinion through 1st / 2nd level reviews
  • Maintaining the audit schedule, including resource deployment and management across scheduled activities
  • Managing and developing auditors assigned to engagement projects under your supervision, including engagement performance feedback designed to further strengthen and develop auditor skill sets
  • Providing formal/informal mentoring and other feedback to supplement performance feedback to further position audit staff for growth and advancement
  • Assist with credit policies and procedures
  • Complete various financial reports
  • Manage the staff and assume the role as mentor to coach the staff on various audit and accounting technical issues
Qualifications for audit manager
  • Demonstrate an understanding of professional and industry standards and practices
  • 6+ years of audit experience in public accounting, or related field
  • Real estate audit expertise highly preferred
  • 5-8 years’ experience in external & internal audit combined
  • 5 years' experience in a large practice audit team environment (Big 4/Top 10 advantageous but not essential)
  • Minimum 5+ years of audit experience in public accounting with a focus in health care preferred, but not required
4

Audit Manager Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of audit manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for audit manager
  • Effect change by assisting business management to develop appropriate action plans to address identified deficiencies, and ensure corrective actions are implemented in a timely manner to effectively and sustainably address the root cause of the issues
  • Hold meetings with key personnel
  • Overseeing the efforts of multiple client engagements
  • Managing firm risk on audits and proposals
  • Managing, training, and assessing performance of staff members
  • Manage ongoing communication and reporting process with the client and senior management
  • Acts as audit liaison with our third-party audit services firm and works directly with regulators during annual exams
  • Completes Audit Risk Assessment and works directly with third-party audit services firm to establish the annual audit plan
  • Represents Audit on organizational project teams and provides consulting services to management and staff
  • Follows up on audit findings from audits conducted by third-party audit services firm, external auditors, and regulators
Qualifications for audit manager
  • 5+ years of recent work experience within a Public Accounting firm or other industries, such as Middle-Market or Asset Management (including hedge and private equity funds), Real Estate, Employee Benefits, Government or Nonprofit organizations
  • 3-5 years of experience in a publicly traded company
  • Must have active CPA
  • Intermediate knowledge of training best practices and effective facilitation tools and techniques
  • Previous Audit experience is an asset
  • Demonstrated time management and organizational skills to meet tight deadlines flexibility to adapt to changing priorities that are in alignment with Audit goals
5

Audit Manager Job Description

Job Description Example
Our innovative and growing company is hiring for an audit manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for audit manager
  • Work with business to develop and implement continuous assurance processes and assist in coordination of audit activities with bank regulators and external auditors
  • Reviewing business tax returns and tax accruals/ provisions where appropriate
  • Help global audit customers to achieve their business objectives by executing audits
  • Demonstrate a good understanding of Capital Markets and Group Risk Management products, practices, and underlying business risks
  • In regular contact with audit clients to understand business developments and emerging risk and control issues
  • Conduct internal audits and ad-hoc consulting projects
  • Perform and document audit activities utilizing a comprehensive audit approach
  • Evaluate risks and develop audit plans and audit programs
  • Lead and perform all phases of audits
  • Analyze and evaluate audit findings and complex issues
Qualifications for audit manager
  • IFRS knowledge is a plus
  • Managed engagements of 4 or more people
  • Disclosure statement review
  • Public and private company auditing experience
  • Computer skills, including advanced knowledge of Microsoft software (Word, Excel, Access
  • PowerPoint, Outlook) and the PC/LAN/Internet environment required

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