Audit Manager - Insurance
Job details Location: London
Experience Level: Manager
Type: Full Time
Service Line: FS Audit
Contract type: Permanent
KPMG is part of a global network of firms that offers Audit, Tax, Pensions & Legal, Consulting, Deal Advisory and Technology services. Through the talent of over 16,000 colleagues, we bring our creativity and insight to our clients’ most critical challenges.
As a firm we help our clients navigate their biggest issues and opportunities. We aim to be universally recognised as a great place for great people to do their best work – a firm known for our collaborative and inclusive culture. And we will take pride in driving lasting, positive change in society.
With offices across the UK, we work with everyone from small start-ups and individuals to major multinationals, in virtually every industry imaginable. Our work is often complex, yet our vision is simple: to be the clear choice for our clients, for our people and for the communities we work in.
KPMG is one of the leading audit practices in the UK whose success and reputation depends upon the quality and integrity of our services – and our people. If you join our audit team, you could benefit from increased amounts of training and education to keep you up to speed with current changes in audit regulation and accounting and auditing standards.
Audit Manager – Insurance
KPMG is looking to consolidate its leading position within the Insurance marketplace by appointing talented and enthusiastic auditors into newly-created manager roles. Our insurance audit department is expected to grow significantly in the next 3 to 5 years based on recent audit tender results. In addition, the forthcoming new requirements from the IASB will generate a significant amount of change in the insurance industry. As a trusted partner within the industry, KPMG will be supporting insurance companies throughout this accounting change across a range of disciplines including financial reporting, actuarial, IT and management consulting disciplines. Successful applicants will have the opportunity to be working on some of the largest opportunities in the marketplace and will be exposed to excellent career development within a fast-growing, multi-disciplinary team. Working alongside directors and partners, you will be in a senior client facing role, forging strong relationships with top tier insurance clients.
The Role: As an Audit Manager, you’ll be involved in all aspects of leading and delivering audit engagements, from planning through to completion on a broad spectrum of Insurance clients. The role will include executive level client interaction and exposure to multiple clients on an annual basis, as well as daily tasks such as: - Leading a field work team including supervising and coaching more junior members of staff to help them reach their full potential Reporting to audit Partners and Directors on all salient points arising from audits - Acting as the initial point of contact throughout the year for your clients; managing timetables, anticipating costs, raise fees and agree dates for cash collection. Planning and execution of audit fieldwork and statutory reporting across a portfolio of clients Project management of all aspects of audit including agreeing audit timelines, team briefings, and supervision and delivery of audit work - Budgeting and monitoring the financial performance of projects, focusing on optimising profitability Identifying, researching and helping to resolve complex audit issues Preparing client deliverables, building relationships with the client staff and acting as an ambassador for the firm - You may also have the opportunity to work on specific audit related projects across the audit function - Being a performance manager to trainee accountants
- Commitment to building the reputation of KPMG through the quality of work, knowledge and experience relevant to the industry The Person: Qualifications & Skills: - Must possess professional qualification; ACA, ACCA or CPA (or international equivalent)
- Significant and recent experience as an Audit Manager in an external audit capacity, working with large, complex clients from a variety of corporate industry sectors - Must demonstrate gravitas and impact to earn trust and respect amongst senior leadership and the team - Established strong leadership skills and proven ability to provide clear directions and constructive feedback
- Strong communication and inter-personal skills, both verbal and written.
Knowledge & Experience: - Significant financial statement audit experience, ideally within professional services - Extensive external audit experience with financial services clients, ideally in the Insurance sector - Demonstrated practical knowledge of FRS, IFRS and topical matters relevant to insurance audits - Experience in IFRS 17, US GAAP, Solvency II and CASS rules preferable, though not essential - Proven ability to identify and pursue business opportunities whilst maintaining a solution mind-set - Knowledge of developments within the financial sector and proven ability to proactively build strategic partnerships and influence senior leaders Drive and resilience to deliver in a pressured environment - Strong project management techniques including decision-making ability, analytical skills, time management, organisation and evaluative skills.
- Knowledge and experience of auditing and experience of systems/controls testing as well as substantive auditing, including consolidations, group audit, review of statutory accounts and disclosures