Audit Response Manager

Allen & Overy

3mo ago

Applications are closed

Job
Full-time
Senior Level
Accounting & Tax
$120K - $150K
New York

Requirements

Superior written and verbal communication skills.
Excellent attention to detail and strong organizational skills.
Ability to produce high-quality work product under pressure and tight deadlines.
Strong computer skills, including proficiency with Microsoft Office.
Ability to carefully and accurately follow instructions and prioritize work appropriately.
Strong ability to multi-task and effectively communicate with personnel at all levels.
Ability to maintain confidentiality and exercise discretion in a professional manner.
Ability to take ownership of tasks and think creatively.
Ability to work independently and as a team player.
Ability to analyze information and solve problems.
Education & Experience:
Essential:
BS/BA degree.
Experience with preparation of audit response letters.
At least 6 years’ experience as a law firm professional with managerial experience
Experience and knowledge of Audit Trak system and strong computer skills.
Well-developed proofreading skills
Experience training and supervising staff
Physical Activity/Other Miscellaneous:
Flexibility to work outside standard business hours, including on short notice.
Ability to lift/carry up to 15 pounds.

Responsibilities

Manage the firm’s audit response program by supporting the Office of General Counsel and the firm’s Audit Response Committee] in all related areas.
Collaborate with partners and other lawyers on preparation of audit response letters to ensure proper responses to the firm clients’ auditors.
Exercise independent judgment and discretion in dealing with issues that arise.
Process annual and follow-up/update audit inquiries and prepare audit response letters in accordance with ABA and other applicable rules and firm policies.
Manage retrieval, organization, and continuously assure consistency and accuracy, of audit response records, both with respect to master file repository and database.
Manage calendar of audit response deadlines, including effective and due dates.
Track most-recently reported loss contingencies.
Maintain record of working folders for each audit inquiry to include documentation of audit inquiry letters and follow-ups, internal and external communications regarding completion of responses and work product, and the final responses.
Resolve issues raised by attorneys, clients, and auditors in connection with audit inquiries and escalate to [General Counsel’s office and Audit Response Committee] as necessary.
Provide guidance to colleagues at all levels. Address procedural questions and provide related recommendations.
Prepare U.S. and non-U.S. audit response letters and coordinate with other offices’ designated personnel as needed.
Provide ongoing assessment of process efficiencies and make improvement recommendations.
Assess, plan, facilitate, and conduct training programs required for the preparation of audit responses.
Review, revise and ensure availability of up-to-date resource and training audit response materials.
Assist General Counsel with preparing material for annual CLE seminars.
Utilize appropriate technology and software. Troubleshoot, conduct testing and identify solutions with timekeepers, internal technology group and vendor, as needed. Monitor software/database records for accuracy and completeness.
Collaborate with Financial Services department in connection with reporting tool for unbilled/unpaid inventories relating to audit requests.
Prepare and release daily diaries and weekly timesheets.
Assist with special projects, e.g., monitor topics of interest, coordinate meetings, etc.
Other duties and responsibilities as assigned.

FAQs

What are the main responsibilities of the Audit Response Manager?

The Audit Response Manager is responsible for overseeing the firm’s response to audit response inquiries, managing the audit response process, supervising a team of legal assistants, and liaising with partners, associates, and the Office of General Counsel.

What qualities are important for the Audit Response Manager to possess?

The Audit Response Manager must be exceptionally organized, detail-oriented, and proactive. They should be willing and able to take ownership of tasks and deliver work product of the highest quality.

What type of team does the Audit Response Manager oversee?

The Audit Response Manager oversees a team of approximately 50 legal assistants acting as audit response coordinators.

Who does the Audit Response Manager work closely with in this role?

The Audit Response Manager works closely with partners, associates, and the Office of General Counsel in managing the audit response process.

Allen & Overy

International Law Firm with Global Reach

Law

Industry

1001-5000

Employees

1930

Founded Year

Mission & Purpose

Allen & Overy is a global law firm that helps the world’s leading businesses to grow, innovate and thrive. For almost a century, we have built a reputation for our commitment to think ahead and bring original solutions to our clients’ most complex legal and commercial challenges. At a time of significant turbulence in the business world, we are determined to help our clients embrace change, confidently expand into new markets and keep on top of ever-more complicated regulatory frameworks. To do this, we will harness our global strength and local knowledge. We will drive towards our vision to become the world's most innovative law firm. And we will continue to create an environment where the brightest minds can flourish.