Job Description

:Role Summary: The not-for-profit audit team is a part of the Grant Thornton INDUS. As a professional in this team, you will work with GT US teams to audit various not-for-profit organizations (for example, higher education institutions, social services and religious organizations among others).Responsibilities:

• Lead or supervise the engagement team staff on the planning and execution of a not-for-profit organization audit, including performing audits in accordance with GAGAS
• Experience performing audits of various types of 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
• Experience in 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)
• Experience auditing the Department of Education Student Financial Aid Cluster major program in accordance with the annual OMB Compliance Supplement
• Working knowledge of relevant accounting standards per US GAAP e.g., ASC 958
• Oversee the day-to-day operations of the audit engagement from staffing, planning, risk assessment, fieldwork, financial reporting and the conclusion.
• Proactive while communicating operational challenges to US teams regarding availability of team members, utilization of hours, actively seeking and providing feedback.
• Provide supervision and support to the engagement staff, seniors and supervisors and promote open communication to the engagement partner.
• Collaborate with engagement team seniors or supervisors and partners on client issue resolution and make recommendations for any legal, regulatory and accounting issues that arise during an audit engagement.
• Manage multiple engagements with various teams to meet client deadlines.
• Participate in recruitment.

Skills:Skills

• Proficiency in US GAAP, GAAS, and PCAOB rules and standards.
• Strong skills in Microsoft Office tools.
• Excellent written and oral communications
• Strong interpersonal skills
• Strong people and project management skills
• Team management: Manage a team of at least 15 members (10 Analyst/ Associate and 5 Senior Associates)
• Problem Solving Skills: Resolve problems of team and Manage escalation emails and calls and resolve the matter.
• Agile: Ability to adapt and accept challenging situations and tasks and perform with the utmost professionalism.

About Company:\xe2\x80\x98Grant Thornton INDUS\xe2\x80\x99 comprises GT U.S. Shared Services Center India Pvt Ltd and Grant Thornton U.S. Knowledge and Capability Center India Pvt Ltd. Grant Thornton INDUS is the shared services center supporting the operations of Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd. Established in 2012, Grant Thornton INDUS employs professionals across a wide range of disciplines including Tax, Audit, Advisory, and other operational functions. What sets us apart isn\xe2\x80\x99t just what we do \xe2\x80\x93 it\xe2\x80\x99s how we do it. We support and enable the firm\xe2\x80\x99s purpose of making business more personal and building trust into every result. We\xe2\x80\x99re collaborators \xe2\x80\x93 obsessed with quality and ready for anything \xe2\x80\x93 who understand the value of strong relationships. Our professionals are well integrated to seamlessly support the U.S. engagement teams, help increase Grant Thornton\xe2\x80\x99s access to a wide talent pool, and improve operational efficiencies. Empowered people, bold leadership, and distinctive client service are imbibed in the culture at Grant Thornton INDUS. We are a transparent, competitive, and excellence-driven firm that offers an opportunity to be part of something significant. In addition, professionals at Grant Thornton INDUS serve communities in India through inspirational and generous services to give back to the communities they work in. Grant Thornton INDUS has its offices in two locations in India \xe2\x80\x93 Bengaluru and Kolkata

Grant Thornton