Luxembourg Job Openings
EY
Senior Consultant - Technical Accounting (m/f) - Financial Accounting Advisory Services (FAAS)
Luxembourg
November 17, 2024
At EY, the FAAS Team provides varying types of accounting and non-accounting services covering wide range of topics and experiences including (but not limited to):
- GAAP conversions
- complex accounting assessments
- financial reporting and consolidation
- finance process improvement
- financial analysis
- finance IT system migration
- audit remediation
- internal controls assessment
- regulatory reporting
- treasury and hedging
- technical finance training
- benchmarking and market analysis
Considering the close integration between finance and risk, the FAAS Team not only work with the Chief Financial Officer (CFO) but also with the Chief Risk Officer (CRO) in navigating and addressing financial, operational, and regulatory challenges that clients are facing.
Our team works with companies across various industries such as banks and other financial institutions, funds (private equity, private debt, real estate, etc) and commercial companies.
The opportunity: Technical accounting specialist
We are looking for professionals that are experienced and competent in analysing complex technical accounting requirements and transforming such competency into solutions and/or advice that are useful to clients. In addition, as a technical accounting specialist, you will have the opportunity to work with other teams in audit and advisory for engagements or areas that require technical accounting support.
Key skills and experiences for success
-
Must have a strong understanding of International Financial Reporting Standards (IFRS)
- An added advantage for candidates familiar with other accounting frameworks used in Europe, such as US GAAP, UK GAAP, French GAAP, Luxembourg GAAP, etc., even if not at an expert level.
-
Working experience in relation to the following services/solutions (at least three):
- Technical accounting research and memo writing
- GAAP conversions and implementation of new accounting standards
- Drafting and designing accounting policies
- Consolidation and compilation support
- Financial statement close process support
- Audit of banks or other institutions reporting under IFRS or US GAAP
- Quantitative analysis such as EIR amortization, DCF exercise, complex valuation models for derivatives, or use of valuation tools such as Bloomberg and the likes
- Transaction accounting and reporting – IPOs, Carve-outs, Purchase price allocation, etc.
- Benchmarking services and market analysis
Added advantage if you have working knowledge of the following key topics:
-
- IFRS 9 in relation to classification and measurement
- IFRS 9 in relation to expected credit losses
- IFRS 9 in relation to hedge accounting
- IAS 32 in relation to debt and equity classifications
- IFRS 13 in relation to fair value measurement
- IFRS 7 in relation to disclosure requirements for financial instruments
- IFRS 3 in relation to business combination and purchase price allocation
- IFRS 10 in relation to consolidation rules
- IFRS 15 in relation to revenue recognition
- IFRS 16 in relation to leasing transactions
- IAS 36 in relation to impairment of non-financial assets
- Other complex accounting standards (to be elaborated during the interview)
- Willingness to learn and stay current with other accounting frameworks and new accounting pronouncements
- Ability and comfort level in researching client inquiries and emerging issues, including regulations, industry practices and new technologies
- Ability to analyse financial information
- Ability to provide technical training to both clients and colleagues
- An understanding of marketplace, as well as commonly used terminology, processes and tools
- Basic time management skills
- Ability to balance your own research with asking questions from relevant colleagues
To qualify for the role, you must have:
- A degree (bachelor or master) in Accounting or Finance
- Possession of a recognized accounting certification such as Chartered Accountant, CPA or ACCA
-
3-5 years of relevant experience, with at least one year focused on technical financial accounting analysis.
- Candidates with prior Big4 experience will have an added advantage.
- Strong technical and formal writing and presentation skills
- Proficient in MS Office (Word, Excel, Power Point)
If you qualify for the role, your key responsibilities will include:
-
Execution of the following technical tasks:
- Analysis of client’s requested tasks, including reading and analysis of contracts or transactions and the documentation of relevant/critical features for your analysis
- Conduct thorough technical accounting research and analysis to determine the accounting consequences of certain contracts or transactions
- Benchmark client specific information to the relevant industry information in order to make possible recommendations for improvements
- Writing of technical accounting memoranda
- Continuous learning in relation to relevant accounting updates
- Assist clients to navigate through accounting changes by developing fit-to-purpose solutions and/or providing practical expedients
- Follow through on client requests in a timely fashion, and manage expectations regarding the timing of deliverables and reports
- Collaborating with partners and managers to influence strategy, balancing risk and client expectations
- Building relationships with colleagues across multiple service lines to provide seamless integrated service
- Support your managers and partners in monitoring engagement and performance and identifying opportunities to improve our products and processes
- Learn how to utilize EY internal tools for accounting research (e.g., EY Atlas) and documentation (i.e., EY Canvas).
- Stay informed of professional standards and firm policies (e.g., guidelines of the EY FAAS Policy Manual)
- Provide technical coaching to assistants
- Receive and accept technical coaching and directions from managers and partners
- Support your managers and team in other non-client related tasks
Potential for career development
As a senior consultant, you are not far from advancing to a manager. You will receive guidance from your work counsellor and your managers and partners on an ongoing basis, and a formal performance assessment at least 3 times a year. This will include acknowledgment of your strengths and identifying areas that you can still improve. This will also include guidance on the skills and responsibilities required from a manager to prepare you for your career progression in few years.
About EY
As a global leader in assurance, tax, transaction and advisory services, we’re using the expertise and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. And with a commitment to hiring and developing the most passionate people, we’ll make our ambition to be the best employer by 2026 a reality.
- In line with our corporate culture, we support you in developing your potential by focusing on topics of diversity, opportunity equality, life balance, further training, and internationality
- Gain experience - we want you to experience more at EY and for you to gain new insights within one of the leading audit and consulting companies
- Foster your development - you will explore our exciting working environment, receive individual mentoring and benefit from getting to know the broad spectrum of our clients
- Building a network - make valuable contacts for your further career and get to know colleagues with different skills, educational and geographical backgrounds. You will discover: The ways of working and thinking in a global company are diverse
If you can demonstrate that you meet the criteria above, please contact us as soon as possible.
The exceptional EY experience. It’s yours to build.
Apply now.
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