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Assurance Senior Manager, Accounting Advisory & Outsourcing

Job SummaryJOB DESCRIPTIONThe Assurance Senior Manager, Accounting Advisory & Outsourcing (AAO) serves as engagement lead for a portfolio of nonprofit clients. This position will oversee the work of BDO managers and staff performing accounting services for clients that have outsourced some or all of their accounting function to BDO. In this role, the AAO Senior Manager also serves as a business advisor to clients, functioning in a role similar to a chief financial officer or controller. The position will be responsible for managing the financial performance of their engagements, participating in the management of the practice, and assisting as requested in some business development activities.Job Duties• Manages the full-life cycle of all assigned engagements by providing technical management for all areas within the accounting function• Oversees client satisfaction with quality of work products, assigned staff, engagement performance, billing and issue resolution• Formulates recommendations to client leadership on technical accounting issues, financial accounting policies and procedures and financial management issues• Manages special client projects including controller and CFO interim positions, as needed• Identifies new opportunities to cross sell to existing clients as well as identifying new clients• Creates, develops and maintains strong business relationships with clients, both internal and external• Other duties as requiredSupervisory Responsibilities• Supervises the day-to-day workload and reviews work product of AAO Managers and Staff on assigned engagements• Ensures AAO Managers and Staff are trained on all relevant software and resources• Evaluates the performance of AAO Managers and Staff, and assists in the development of goals and objectives to enhance professional development• Delivers periodic performance feedback, and completes performance evaluations for AAO Managers and Staff• Acts as mentor to AAO Managers and Staff, as appropriateEducationQualifications, Knowledge, Skills and Abilities:• Bachelor’s degree in Accounting, Finance, Business Administration or equivalent experience, required• Master’s degree in Business Administration, Accountancy, or other relevant field, preferredExperience• Ten (10) or more years of finance and accounting experience that includes a working knowledge of nonprofit accounting and reporting requirements and cost principles, required• Seven (7) or more years of Strong accounting experience and well-versed in the operation of an accounting systems, required• Experience in preparation of project or grant related financial reports, required• Five (5) or more years of experience performing in a senior financial role within a nonprofit accounting environment with exposure to OMB cost principles for federal award recipients, preferred• Experience in designing and implementing cost allocation methodologies, preferred• Experience working with federal award recipients and entities subject to OMB single-audit requirements, preferredLicense/Certifications• CPA certification preferredSoftware• Proficient in the use of Microsoft Office Suite, specifically Excel and Word, required• Experience utilizing industry standard accounting software such as Intacct, MAS 90, MS Dynamics, and QuickBooks, required• Experience with association and member management software and budgeting tools, preferredLanguage• N/AOther Knowledge, Skills & Abilities• Possess a consulting/advisory perspective with a focus on the customer• In-depth knowledge of United States generally accepted accounting principles including revenue recognition and cost allocation methodologies• Demonstrated ability to complete Indirect Cost Rate proposals preferred• Demonstrated ability to understand and apply knowledge of general accounting theories, GAAP and nonprofit accounting methodologies• Ability to act as primary contact and provide an executive presence on engagements• Excellent verbal and written communication skills• Strong analytical and basic research skills• Strong organizational skills• Ability to successfully multi-task while working independently or within a group environment• Ability to work in a deadline-driven environment with a focus on details• Able to interact effectively with people internally and externally at all levels• Capacity to effectively manage a team of professionals and delegate work assignments, as needed• Build and maintain strong relationships with client personnel• Ability to encourage a team environment on engagements• Ability to contribute to the professional development of staffIndividual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate’s qualifications, experience, skills, and geography.National Range: $120,000 - $170,000Maryland Range: $120,000 - $170,000NYC/Long Island/Westchester Range: $120,000 - $170,000About UsJoin us at BDO, where you will find more than a career, you’ll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world.At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.S. team. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well-being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm’s success, with no employee contributions.We Are Committed To Delivering Exceptional Experiences To Middle Market Leaders By Sharing Insight-driven Perspectives, Helping Companies Take Business As Usual To Better Than Usual. With Industry Knowledge And Experience, a Breadth And Depth Of Resources, And Unwavering Commitment To Quality, We Pride Ourselves On• Welcoming diverse perspectives and understanding the experience of our professionals and clients• Empowering team members to explore their full potential• Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities• Celebrating ingenuity and innovation to transform our business and help our clients transform theirs• Focus on resilience and sustainability to positively impact our people, clients, and communities• BDO Total Rewards that encompass so much more than traditional “benefits.” Click here to find out more!• Benefits may be subject to eligibility requirements.Equal Opportunity Employer, including disability/vetsClick here to find out more!All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status."BDO USA, P.A. is an EO employer M/F/Veteran/Disability"
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What You Should Know About Assurance Senior Manager, Accounting Advisory & Outsourcing, BDO USA

Are you ready to take on a leadership role as an Assurance Senior Manager in Accounting Advisory & Outsourcing at BDO in Columbia, MD? In this exciting position, you'll be the engagement lead for a portfolio of nonprofit clients, overseeing a talented team of managers and staff who are dedicated to providing top-notch accounting services. Your role will be akin to that of a chief financial officer or controller, allowing you to make significant contributions as a business advisor to our clients. You'll be responsible for the full lifecycle of client engagements, ensuring high-quality work, managing client satisfaction, and resolving any issues that arise. Your expertise will shine through as you provide recommendations on complex accounting issues and financial policies, while also identifying new cross-selling opportunities and strengthening client relationships. You'll have the opportunity to oversee special projects and mentor junior staff, contributing to their professional development. At BDO, we value individuality and provide a supportive environment where your insights and skills are recognized and celebrated. Join us, and let's thrive together!

Frequently Asked Questions (FAQs) for Assurance Senior Manager, Accounting Advisory & Outsourcing Role at BDO USA
What are the primary responsibilities of the Assurance Senior Manager, Accounting Advisory & Outsourcing at BDO?

As the Assurance Senior Manager, Accounting Advisory & Outsourcing at BDO, your primary responsibilities include managing the engagement lifecycle for nonprofit clients, overseeing the quality of work products, and serving as an advisor on technical accounting issues and financial policies. You'll also lead projects that may involve interim controller or CFO roles, while developing strong relationships with clients and identifying opportunities for business growth.

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What qualifications are required for the Assurance Senior Manager position at BDO?

To qualify for the Assurance Senior Manager position at BDO, candidates must possess a Bachelor’s degree in Accounting, Finance, or Business Administration, along with ten or more years of finance and accounting experience, particularly in the nonprofit sector. Experience with accounting software and CPA certification are also preferred.

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What makes BDO a great workplace for an Assurance Senior Manager, Accounting Advisory & Outsourcing?

BDO offers a unique workplace culture where individuality is valued, providing flexibility and opportunities for career advancement. The firm is committed to exceptional employee experiences, shared ownership through its Employee Stock Ownership Plan (ESOP), and fostering meaningful connections among its professionals and clients.

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How does the Assurance Senior Manager contribute to client satisfaction at BDO?

The Assurance Senior Manager plays a critical role in ensuring client satisfaction by overseeing engagement performance, resolving billing and quality issues, and regularly communicating with clients to understand their needs. By providing strategic recommendations and high-quality services, you establish trust and long-lasting partnerships with clients.

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What types of software and tools does the Assurance Senior Manager at BDO use?

In the role of Assurance Senior Manager at BDO, you will utilize various accounting software such as Intacct, QuickBooks, and MS Dynamics. Proficiency in Microsoft Excel and Word is also required to efficiently manage data and create reports. Familiarity with budgeting tools will further aid in meeting clients' financial management needs.

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Common Interview Questions for Assurance Senior Manager, Accounting Advisory & Outsourcing
How do you manage client relationships as an Assurance Senior Manager?

Effectively managing client relationships involves maintaining open lines of communication, understanding their unique needs, and continuously delivering high-quality services. Relaying timely feedback and being proactive in resolving concerns fosters trust and long-term partnerships.

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Can you describe a challenging accounting issue you faced and how you resolved it?

When discussing a challenging accounting issue, focus on your problem-solving process. Describe the issue in detail, the steps you took to analyze it, and how you implemented solutions while ensuring compliance with relevant accounting standards.

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What strategies do you use for mentoring your team effectively?

Mentoring involves providing regular feedback, supporting professional development goals, and fostering an inclusive environment where team members feel valued. Encouraging open dialogue and knowledge-sharing can also enhance team collaboration.

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How do you stay updated on changes in nonprofit accounting regulations?

To stay updated on accounting regulations, I regularly attend industry workshops, subscribe to relevant newsletters and publications, and participate in professional organizations. Networking with peers also helps share insights about best practices and regulatory changes.

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Describe your experience with cost allocation methodologies.

In the context of cost allocation, my experience includes designing methodologies that reflect equitable distribution among programs and ensuring compliance with guidelines. I have also worked on proposals for Indirect Cost Rate, enhancing the financial sustainability of nonprofit organizations.

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How do you handle tight deadlines in your role as an Assurance Senior Manager?

Prioritizing tasks, delegating responsibilities, and maintaining clear communication during a tight deadline situation is crucial. I assess the urgency of assigned tasks and streamline processes, ensuring team members are aligned and workload is manageable.

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What key metrics do you use to measure engagement success?

I use metrics such as client satisfaction scores, project completion timelines, and recurring business indicators to measure engagement success. Analyzing these metrics helps drive continuous improvement in service delivery.

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How do you approach business development in your managerial role?

Approaching business development involves identifying opportunities to add value to existing clients, ensuring high-quality service leads to referrals, and staying informed about industry trends to offer innovative solutions to prospective clients.

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What do you consider your biggest achievement in your accounting career?

Reflect on specific achievements that illustrate your expertise and impact in your previous roles. Mention any successful projects, initiatives that improved processes, or influential relationships you established that benefited your firm and clients.

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Why do you want to work for BDO as an Assurance Senior Manager?

Discuss your alignment with BDO's values and culture, such as their focus on individual contributions, employee ownership, and commitment to making a positive impact. Share your enthusiasm for working in a collaborative and client-focused environment that emphasizes quality and community.

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Full-time, on-site
DATE POSTED
December 9, 2024

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