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Audit Manager, Financial Audit

Job Title: Audit Manager, Financial Audit
Contract Type: Permanent
Location: London
Industry:
Salary: £62,755 - £81,857 + benefits
Reference: NAOAM1
Contact Name: Michelle Thomson
Contact Email: michelle.thomson@nao.org.uk
Job Published: August 31, 2020 11:15

Job Description

Main Purpose
The main purpose of the role is to deliver high quality external audit work to support effective accountability and scrutiny. Taking the lead for a large central government department or a range of public organisations operating in the same sector, the successful candidate will manage and motivate their financial audit teams to deliver audit work that is both high quality and delivers insight to help improve public services.

Our work auditing £1 trillion of public expenditure and income gives us great insight into how government manages its money. Our ambition is to make greater use of this insight to help improve the management of public finances and risks to delivering public services. You will work with your Director to draw on the NAO’s knowledge hubs and centres of expertise to identify opportunities to add real value for the organisations in your portfolio.

Responsibilities

•Lead a range of teams to deliver high quality audits, making finely balanced, future-proof and technical audit judgements;
•Work with government organisations to improve financial reporting across the public sector;
•Be a valuable source of knowledge on how well public resources are used and how the performance of public services can be improved in your portfolio, and make insightful and practical recommendations to help government organisations improve;
•Support the work of the Committee of Public Accounts and other select committees by supporting accountability through financial reporting;
•Contribute to the development of our approach to financial audit through our Audit Transformation Programme, supporting improvements in our audit methodology, audit software, use of financial data, and operational working practices
•Demonstrate strong people management skills including the ability to manage, develop and motivate a range of people; work collaboratively with colleagues, and champion the office’s Diversity and Inclusion strategy.
•Demonstrate a strong commitment to their own self development and to delivering the NAO’s strategic objectives

Relationships and accountabilities
Reports to: Financial Audit Director with responsibility for client group audit portfolio
Internal relationships: financial and VFM audit teams for their client group portfolio, the wider financial audit manager group, financial audit service line support teams – as required, specialist hubs/functions and knowledge management function, external communications and Parliamentary relations.
External relationships: Finance Directors and their wider finance team in government organisations, Audit and Risk Committees, Committee of Public Accounts and other select committees, other external audit firms
Staff resources managed: Large teams of permanent staff (10+), supplemented by expertise and capacity from other external audit firms and other providers
Budgetary resources managed: Audit fees of £500k-£1mSkills requiredWe are looking for candidates who can demonstrate expertise and significant experience of delivering external financial audit work across a challenging portfolio of clients in a regulated environment. Successful candidates will be able to demonstrate their ability to build strong working relationships and influence positive change.

Essential skills and experiences:
•Relevant financial qualification (CCAB) with recent post-qualification experience in delivering external audit
•Exceptional audit project management skills, able to deliver high quality audit work across a range of clients to competing deadlines while protecting the welfare of our people
•Strong relationship management and influencing skills to maximise the influence of our work with external clients and stakeholders
•Collaborative, engages well with colleagues at all levels, and invests in their development and the wider success of the organisation.
•The ability to lead, develop and motivate diverse teams and support all colleagues to deliver great work and achieve their potential

Desirable skills and experience:
• Responsible Individual status, or the ability to acquire RI status within 1 year
•Experience of public sector or charity audits
•Experience in implementing and embedding transformational change in financial audit methodologies, software and use of data
•Working in a Centre of Expertise that provides assurance over complex transactions and balances

Educational requirements

•CCAB (ACCA,CAI,CIPFA,ICAEW,ICAS) qualified, or international equivalent