What is an Assurance Senior Manager Job?
An assurance senior manager is an expert-level professional who is responsible for managing and leading teams of auditors in performing financial and operational audits of companies. They ensure that the financial statements and accounting practices of their clients comply with the relevant laws, regulations, and standards.
What Usually Do in This Position?
Assurance senior managers perform a wide range of tasks, including:
- Leading and managing teams of auditors in performing financial and operational audits of companies.
- Reviewing and analyzing financial statements, accounting records, and other financial data to identify issues and inconsistencies.
- Developing and implementing audit plans, programs, and procedures to ensure compliance with relevant laws, regulations, and standards.
- Providing guidance and training to junior staff members to ensure they develop the necessary skills and expertise.
- Assessing and mitigating risks associated with the company’s financial statements and accounting practices.
- Communicating audit findings and recommendations to senior management and other stakeholders.
Top 5 Skills for the Position
To be successful as an assurance senior manager, you must have the following skills:
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Strong leadership and management skills
- Sound knowledge of accounting, auditing, and financial reporting standards
- Ability to work well under pressure and meet tight deadlines
How to Become This Type of Specialist
To become an assurance senior manager, you typically need to have a bachelor's degree in accounting, finance, or a related field. You will also need to have several years of experience in auditing, accounting, or finance. Many employers prefer candidates who have a professional certification, such as a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Certified Fraud Examiner (CFE). Additionally, you will need to have excellent leadership, communication, and interpersonal skills.
Average Salary
According to Glassdoor, the average base salary for an assurance senior manager in the United States is $130,000 per year. However, this can vary depending on factors such as location, experience, and industry.
Roles and Types
Assurance senior managers may work in a variety of industries, including accounting firms, financial institutions, and government agencies. Some common roles for assurance senior managers include:
- External Audit Senior Manager
- Internal Audit Senior Manager
- Financial Reporting Senior Manager
- Compliance Senior Manager
Locations with the Most Popular Jobs in USA
According to Glassdoor, some of the top locations for assurance senior manager jobs in the United States include:
- New York, NY
- Chicago, IL
- Los Angeles, CA
- Houston, TX
- San Francisco, CA
What Are the Typical Tools?
Assurance senior managers use a variety of tools and technologies to perform their jobs, including:
- Accounting and auditing software, such as QuickBooks, Xero, and ACL
- Microsoft Excel and other spreadsheet programs
- Project management software, such as Trello and Asana
- Communication and collaboration tools, such as Slack and Zoom
- Data analysis and visualization tools, such as Tableau and Power BI
In Conclusion
An assurance senior manager plays a critical role in ensuring the accuracy and integrity of a company's financial statements and accounting practices. To be successful in this role, you must have a strong understanding of accounting and auditing standards, as well as excellent leadership and communication skills. By developing these skills and gaining experience in the field, you can enjoy a lucrative career as an assurance senior manager.