Trainee - Assurance, Standards and Methodologies

About EY

EY is known for rendering high-quality services to its clients. They are also known for their ethical and honest management as well as their friendly work atmosphere. It's also known as one of the best companies to fast-track professional growth and progress in one's chosen career path.

As a provider of professional services for its clients, EY specializes in tax, financial audits, advisory, and consulting services for its clients. Their expertise extends to technology, legal, assurance, and strategy consulting. 

Your role

Assurance: Assurance’s purpose is to inspire confidence and trust to enable a complex world to work. They do so by protecting and serving the public interest, promoting transparency, supporting investor confidence and economic growth, and nurturing talent to provide future business leaders. They help clients by:

• Ensuring their accounts comply with the requisite audit standards
• Providing a robust and clear perspective to audit committees and
• Providing critical information for stakeholders.

Their Service Offerings include External Audit, Financial Accounting Advisory Services (FAAS), IFRS & US GAAP conversion, IPO and another public offering, Corporate Treasury - IFRS 9 accounting & implementation support, etc. 

Standards & Methodologies: The team is responsible for managing data and risk by performing analytics which then helps clients in driving decisions and performance. The scope of work includes:

• Data Management: Involves assessing the readiness of data for analytics and managing data to enable future analytics and reporting
• Descriptive / Diagnostic Analytics: Involves mining past data to report, visualize and understand what has already happened – after the fact or in real time
• Predictive Analytics: Leverages past data to understand the underlying relationship between data inputs and outputs to understand why something happened and to predict what will happen in the future
• Emerging Technologies: use emerging technologies such as ML & AI, process mining, and custom automated techniques to address audit risks.
• This is done using various tools like tableau, power BI, python, visual studio, MS SQL server, etc. through three key processes i.e. Audit analytic tools, Custom analytics, and Audit enablement & automation. 

Your key responsibilities:

Technical Excellence

• Analysis of variances of all profit and loss account items and arriving at a logical conclusion for such variances.
• Ensuring full compliance under statute & external statutory financial accounting requirements, record keeping & reporting the auditing functions.
• Responsible for supporting Executives and Managers on research assignments and compliance-related work.
• Evaluating internal control systems/procedures, and preparing audit reports to highlight the shortcomings and necessary recommendations.
• Conducting tax audits to ensure proper disclosures have been made and various tax regulations have been complied with.
• Assist in the preparation of Audit Programs. Involved in following up and gathering information from the clients.
• Continually updated with the developments in Audit related areas and have responsibility for updating their teams. 

Training, development & rotations

With so many offerings, you have the opportunity to develop your career through a broad scope of engagements, mentoring, and formal learning.  That’s how the company develops outstanding leaders who team to deliver on their promises to all of their stakeholders, and in so doing, play a critical role in building a better working world for people, the clients, and for the communities. Sound interesting? Well, this is just the beginning. Because whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

Salary & benefits

The annual salary for the Trainee - Assurance - National - Standards and Methodologies at this company can range from INR 2.0 to INR 4.5 Lakhs. (Source: Ambition Box). Listed below are some benefits:

• Soft skill training
• Remote working
• Cafeteria
• Team outings
• Job training
• Health insurance
• Paid leave
• Child care
• Travel assistance
• Education assistance
• Free food
• Gymnasium
• Free transportation.

Career progression

EY is the perfect starting point for a fresh graduate. The supportive and inclusive work environment helps fresh graduates and even experienced professionals to have a defined career trajectory. Working at EY presents many experiences and opportunities that fresh graduates can take advantage of. 

Employees in this company are equipped to seek challenges and step out of their comfort zones. They get the opportunity to work with various teams on different projects that inspire them every day.

Work-life balance

Work days are usually from Monday to Friday with flexible work timings. This role is considered flexible and will be a mix of working from the office and home depending on your preferences and the arrangements determined by your future manager.

Culture & vibe

EY is one of the best places for fresh graduates and interns to begin their careers. Its work atmosphere is friendly, relaxed, and innovation-friendly. This recipe will boost employees' productivity and enable them to learn and grow professionally. 

Being a melting pot of different skill sets and departments, EY adopts diversity and inclusion as part of its key values. This fosters harmony among co-workers and breeds mutual respect as well. 

About you

The requirements for the role are as follows:

• Any of the following degrees - B. Com / B. SC Computer Science / B.Sc. Statistics / BCA / B.E /B.Tech
• 0 - 1 year of post-qualification experience

How to apply

To apply for this role, just click on the "Apply on employer site" button below, which navigates to the career page where there are multiple jobs available for the same role but in different locations in India. You can use the filter "Service Line/Business Area" & select the subfield as "Core Business Services" and search for the same job title.

The hiring process involves:

• Filling and submitting applications
• Applications review
• Interview stage (online or physical assessment)
• Job offer