Audit Manager at Independent Project Monitoring Company Limited (IPMC)

Job Overview:

• The Audit Manager will oversee and lead audit engagements for clients, ensuring that audits are conducted efficiently and in compliance with applicable accounting standards and regulatory requirements. This role is integral in managing audit teams, providing high-quality service to clients, and assisting with the development of audit strategies. The Audit Manager will also play a key role in mentoring junior staff and managing relationships with clients.

Key Responsibilities:

Audit Engagement Leadership:

• Lead and manage multiple audit engagements simultaneously, ensuring timely and efficient completion.
• Develop audit plans, including risk assessments, timelines, and budgets.
• Supervise and review the work of audit teams, ensuring accuracy and adherence to auditing standards.
• Monitor the progress of audits, identifying and resolving issues as they arise. 

Client Relationship Management:

• Serve as the main point of contact for clients during the audit process.
• Build and maintain strong, positive relationships with clients, ensuring their needs are met.
• Communicate audit findings to clients, offering practical recommendations to improve financial processes and controls.
• Identify opportunities to provide additional services to clients and contribute to business development.

Audit Planning and Execution:

• Lead the execution of audits in compliance with auditing standards and regulatory requirements.
• Ensure the completion of detailed audit documentation, including audit evidence, work papers, and findings.
• Review financial statements and other deliverables for compliance with accounting standards (e.g., IFRS and other regulatory standards).

Quality Control and Compliance:

• Ensure audits are performed in line with the firm’s methodology, quality standards, and professional guidelines.
• Assess and address internal control weaknesses, providing solutions and recommendations for improvement.
• Stay updated on relevant regulations and changes in accounting standards that may impact clients’ financial reporting.

Reporting and Presentation:

• Prepare clear and concise audit reports for clients, including findings, recommendations, and management letters.
• Present audit results to clients’ senior management and key stakeholders in a professional and effective manner.

Business Development and Firm Growth:

• Contribute to the firm’s business development efforts by identifying new client opportunities within existing relationships.
• Participate in the preparation of proposals and presentations for potential clients.
• Support thought leadership initiatives, such as writing articles or contributing to industry discussions.

Internal Process Improvement:

• Contribute to continuous improvement in audit processes, methodologies, and tools to enhance service delivery.
• Assist in the development of audit training materials and programs for staff.

 Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field; Master’s degree preferred. 
• Must be a chartered Accountant
• CPA (Certified Public Accountant) or equivalent certification is required.
• Minimum of 10 years of audit experience in a public accounting or consulting firm, with at least 5 years in a supervisory or managerial role.
• Strong knowledge of audit standards, accounting principles (e.g., IFRS,), and regulatory frameworks.
• Proficient in audit software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Experience in specialized industries such as financial services, manufacturing, or government is advantageous.

 Key Competencies:

• Excellent verbal and written communication skills, with the ability to explain complex audit findings to clients.
• Strong analytical skills to evaluate financial statements, assess risks, and identify areas for improvement.
• Ability to identify issues, propose solutions, and resolve complex audit challenges.
• A proactive, client-focused approach with a commitment to providing high-quality service.
• Strong organizational skills with the ability to manage multiple projects and deadlines.