Senior Audit and Financial Reporting Specialist

Outsourced StaffPhilippinesOn-siteFull-timeSenior, 5–8 yearsListed 1 week ago

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About this role

Key Responsibilities

Audit Engagements

- Perform end-to-end audit engagements in accordance with Australian Auditing Standards (ASA).

- Prepare audit planning documentation, including risk assessments, materiality calculations, and audit programs.

- Conduct substantive testing, analytical procedures, and internal control testing.

- Identify and assess audit issues and their impact on financial statements.

- Prepare audit working papers and supporting documentation.

- Complete audit completion procedures, including subsequent events reviews and going concern assessments.

- Draft management letters and communicate audit findings to engagement teams.

- Prepare audit clearance files for manager and partner review.

Financial Statement Preparation

- Prepare general purpose financial statements in accordance with Australian Accounting Standards (AASB).

- Prepare consolidated financial statements where applicable.

- Draft accounting policies, disclosures, notes to the financial statements, and supporting schedules.

- Prepare cash flow statements and financial statement reconciliations.

- Ensure compliance with Australian financial reporting and disclosure requirements.

- Research and document technical accounting treatments.

Technical Accounting & Compliance

- Apply AASB and ASA requirements across audit and financial reporting engagements.

- Research and interpret complex accounting and auditing matters.

- Assess disclosure requirements and ensure compliance with applicable standards.

- Maintain current knowledge of Australian accounting, auditing, and regulatory developments.

- Exercise professional judgment in accordance with ethical and professional standards.

Client & Team Support

- Communicate professionally with Australian managers, partners, and client finance teams.

- Manage multiple audit and reporting engagements simultaneously.

- Review work completed by junior team members where required.

- Escalate technical issues and engagement risks appropriately.

- Contribute to audit quality improvements and process efficiencies.

Mandatory Requirements

- Experience: Minimum 4 years of continuous, Full-time, Hands on external audit experience for Australian entities over the last 4 years.

- GPFS: Hands-on experience preparing General Purpose Financial Statements (GPFS Tier 1 and Tier 2) compliant with AASBs and the Corporations Act 2001 for Australian entities.

- AASB and Australian companies

Key Technical Competencies

- Substantive Testing: Ability to independently design and execute substantive procedures across key cycles (e.g. planning, materiality, revenue, trade debtor, inventory, cut-off, unrecorded liabilities search, PPE, employee provisions, and NFP grant accounting etc).

- Internal Controls Documentation: Capability to conduct walkthroughs, document process narratives or flowcharts, and identify control deficiencies.

Communication & Soft Skills

- English Proficiency: Excellent command of written and spoken English , as they will need to draft clear audit working papers, clear review notes, and communicate directly with local team members and Australian client management.

- Attention to Detail: Strong analytical mindset and meticulous attention to detail for tracing source documents, reviewing complex financial disclosures, and ensuring workpapers are audit-ready with minimal supervision.

- Time & Task Management: Ability to manage competing priorities, meet tight statutory deadlines, and proactively flag audit variances or roadblocks to seniors/managers.

- Remote Work Readiness: Strong remote collaboration skills, Microsoft Teams/Zoom, and secure document-sharing platforms.

Systems and Softwares

- CaseWare

- Xero

- MYOB

- QuickBooks

- Microsoft Excel (Advanced)

- Other audit and financial reporting platforms

Nice-to-Have Skills

- Experience preparing consolidated financial statements.

- Exposure to ASIC reporting and compliance requirements.

- Experience reviewing and mentoring junior audit team members.

- Knowledge of Australian corporate reporting obligations under the Corporations Act.

- Experience working with multiple client industries and complex group structures.