Senior Associate - NFP Audit (Not for Profit)

About Grant Thornton: Grant Thornton is collaborative, entrepreneurial and on the move. As part of a dynamic global organization of 52,000 people serving clients in more than 135 countries, we have the agility and focus it takes to be a leader. Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. memberfirm of Grant Thornton International Ltd., one of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton has revenues in excess of $1.87 billion and operates58 offices across the U.S., with 623 partners and 8,500+ employees in the United States and a tour shared Services Center in Bangalore, India. About GT INDUS: GT INDUS is the in-house offshore center for GT US. Situated in Bangalore, GT INDUS has over 2000 professionals in Tax, Audit, Advisory, Client Services, and Enabling functions. Empowered people, bold leadership and distinctive client service are the foundation of the culture at GT INDUS. A transparent, competitive and excellence-driven firm that offers an opportunity to be part of something significant. Driven, young professionals at GT INDUS serve communities through inspirational and generous services to give back to their communities. There is no limit on the type of work a GT INDUS audit professional can perform, nor is there any limit on the engagement integration with GT INDUS. GT INDUS audit professionals will have the opportunity to work on audit engagements from beginning to end. Visit the website for more: https://www.gtindus.com/ Location: Bangalore/Kolkata India. Role Summary: As a Senior Associate, professional will be leading Engagement and responsible for performing Audit under remote service delivery model by following Grant Thornton Audit approach, methodology and tools. Roles and Responsible includes execution and supervision of work performed by staff, provide class room training / on the job training to staff, working on multiple engagement in rapidly growing fast-paced, interactive and result based team environment by collaborating with diverse team. Responsibilities: - Develop an understanding of the Grant Thornton audit approach, methodology and tools - Demonstrate working knowledge of audit not-for-profit organizations such as higher education institutions, religious, social service and cultural organizations, among others - Familiarity with US GAAP related to contribution revenue and pledges receivable, alternative investment portfolios, and endowment net assets - Working knowledge of performing an audit in accordance with OMB Uniform Guidance (Single Audit), specifically determining major programs, performing risk assessment on major programs, testing allowable costs and other direct and material compliance requirements (for example, cash management and reporting) - Working knowledge of relevant accounting standards per US GAAP e.g., ASC 958 - Working knowledge of auditing the Department of Education Student Financial Aid Cluster and Health and Human Services major program in accordance with the annual OMB Compliance Supplement - Gain understanding of client operations, processes, and business objectives and utilize that knowledge on engagements - Perform detailed review of work executed by staff (Analysts and Associates) - Implement high standards of quality for performance of team and monitor engagement progress. - Provide effective counseling, training, coaching and mentoring to team members to assist them in fully developing their potential. Also provide feedback and direction - Facilitate trainings to staff (Analyst / Associate) members - Lead multiple audit assignments simultaneously and competing priorities in a rapidly growing, fast- paced, interactive, results- based team environment by collaborating with diverse teams - Demonstrate maturity, poise and self-confidence in managing self and dealing with colleagues - Contribute to a positive team environment by demonstrating consistent commitment and optimism toward work challenges - Build relationship with US audit teams and able to identify and discuss complex issues and present workable solutions in a simple, meaningful and focused manner with all levels of employees - Ensure that audit documentation is in compliance with quality standards of the Firm - Attend professional development and training sessions on a regular basis - Understands and adapts to the Grant Thornton corporate culture Desired Experience / Qualifications - CA/CPA/ACCA qualified - Minimum 2-3 years of experience in medium to large accounting firm or equivalent - Big 4 experience preferred Desired Skills: - Expert analytical, technical and auditing skills - Advanced skills in Microsoft Office tools - Strong interpersonal skills - Moderate People management : Managing team of 2 -3 staff (Analyst /Associate) members - Project Management : Manage multiple tasks - Problem Solving Skills: Resolve problems of team members. Handle US team escalations - Advanced written and oral communications: Conduct calls with US team & local leaders