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Audit Manager, Financial Institutions Industry

At Wipfli, people count.At Wipfli, our people are core to everything we do—the catalyst behind our ability to create exceptional impact and extraordinary results.We believe in flexibility. We focus on relationships. We encourage each individual to follow their own path.People truly matter and they feel it. For those looking to make a difference and find a professional home, Wipfli offers a career-defining opportunity.Join our team as an Audit Manager, specializing in Financial Institutions. This role is dedicated to providing exceptional audit services to clients within the financial institutions industry, including community banks, credit unions, and other financial entities. Please note, this position is focused on external audits and does not involve internal audit responsibilities. We are seeking experienced CPAs with a strong background in public accounting who are passionate about serving clients in the financial sector.This is a hybrid role with the ability to work within 60 miles of one of our Chicago, Rockford/Sterling, IL offices.Responsibilities• Manage audit, review, compilation engagements, and multiple teams. Provide performance feedback to all members of those teams when engagements end• Partner with Senior Managers, Directors, and Partners in risk assessment, audit procedures, and reporting.• Oversee daily operations of the audit engagement. From staffing, planning, budgeting, risk assessment, fieldwork, financial reporting, and the conclusion• Research and communicate guidance on complex accounting matters and transactions• Assist clients with GAAP compliance and the adoption of FASB Accounting Standard Updates. Address client concerns and resolve problems as they arise while communicating proactively and promptly• Serve as an instructor in the firm, department training programs, and meetings• Take part in and provide leadership in community, networking, and business development activitiesQualifications• CPA License Required• 5 years of experience, preferably in public accounting• Experience working with Financial Institutions clients, preferrably community banks and credit unions• Ability to travel to client sites• Excellent written and verbal communication and interpersonal skillsAdditional DetailsWipfli is an equal opportunity/affirmative action employer. All candidates will receive consideration for employment without regards to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identify, veteran status, disability, or any other characteristics protected by federal, state, or local laws.Wipfli is committed to providing reasonable accommodations for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or participate in our recruiting process, please send us an email at hr@wipfli.comWipfli values fair, transparent, and competitive compensation, considering each candidate's unique skills and experiences. The estimated base pay range for this role is $92,000 to $145,000, with offers typically not made at the maximum, allowing for future salary increases. The actual salary at the time of offer depends on business related factors like location, skills, experience, training/education, licensure, certifications, business needs, current associate pay, and relevant employment laws.Individuals may be eligible for an annual discretionary bonus, subject to participation rules and based on a variety of factors including, but not limited to, individual and Firm performance.Wipfli cares about our associates and offers a variety of benefits to support their well-being. Highlights include 8 health plan options (both HMO & PPO plans), dental and vision coverage, opportunity to enroll in HSA with potential Firm contribution and an Employee Assistance Program. Other benefits include firm-sponsored basic life and short and long-term disability coverage, a 401(k) savings plan & profit share as well as Firm matching contribution, well-being incentive, education & certification assistance, flexible time off, family care leave, parental leave, family formation benefits, cell phone reimbursement, and travel rewards. Voluntary benefit offerings include critical illness & accident insurance, hospital indemnity insurance, legal, long-term care, pet insurance, ID theft protection, and supplemental life/AD&D. Eligibility for all benefits programs is dependent on annual hours expectation, position status/level and location. Wipfli offers flexibility for many positions to be performed remotely; please discuss your work preferences with your recruiter during the interview process.

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What You Should Know About Audit Manager, Financial Institutions Industry, Wipfli

At Wipfli, we understand that our people are the heartbeat of our organization, and we're excited to invite talented individuals to join us as an Audit Manager, specializing in the Financial Institutions industry, based in Tinley Park, IL. This position focuses on delivering top-notch external audit services to a diverse portfolio of clients, including community banks and credit unions. We're searching for a skilled CPA with at least five years of public accounting experience, specifically within financial institutions. In this hybrid role, you’ll have the flexibility to work from home or in our offices in Chicago, Rockford, or Sterling, provided you are within 60 miles. As an Audit Manager, you will lead audit engagements from start to finish, guiding your teams through planning, risk assessment, and fieldwork. Your expertise will help clients navigate complex accounting issues and stay compliant with GAAP and FASB standards. The environment is collaborative and supportive—it’s not just about crunching numbers, but truly making an impact for our clients. We value professional growth, providing our managers with opportunities to mentor and teach during training sessions while also engaging in community and business development activities. Together, we’ll create exceptional results and positive relationships as we thrive in our careers. Join Wipfli, where your contributions will make a difference, and let's build the future of financial auditing together.

Frequently Asked Questions (FAQs) for Audit Manager, Financial Institutions Industry Role at Wipfli
What are the responsibilities of the Audit Manager at Wipfli?

As an Audit Manager at Wipfli, you will be responsible for managing audit, review, and compilation engagements, overseeing multiple teams, and providing performance feedback. Your role includes partnering with senior managers on risk assessments and reporting, researching complex accounting issues, and assisting clients with GAAP compliance. This position emphasizes leadership in both audit operations and community engagement.

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What qualifications do I need to apply for the Audit Manager position at Wipfli?

To qualify for the Audit Manager position at Wipfli, candidates must have a CPA license and a minimum of five years of experience in public accounting, particularly with financial institutions like community banks and credit unions. Excellent communication skills and the ability to travel to client sites are also essential for this role.

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Is the Audit Manager position at Wipfli remote or hybrid?

The Audit Manager position at Wipfli is a hybrid role that allows flexibility in working from home or from one of our Chicago, Rockford, or Sterling offices, as long as you are located within 60 miles. This setup is designed to promote work-life balance while ensuring effective team collaboration.

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What kind of clients will I work with as an Audit Manager at Wipfli?

As an Audit Manager specializing in the Financial Institutions industry at Wipfli, you will primarily work with community banks, credit unions, and other financial entities. This role is dedicated to providing high-quality external audit services, making it essential to have a strong understanding of the financial sector.

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What benefits can I expect as an Audit Manager at Wipfli?

Wipfli offers a comprehensive benefits package for Audit Managers, including health plan options, dental and vision coverage, a 401(k) plan with profit sharing, flexible time off, and various voluntary benefits. Additional perks include support for continuing education and certifications, life insurance, and travel rewards. Our commitment to employee well-being truly sets us apart.

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Common Interview Questions for Audit Manager, Financial Institutions Industry
Can you describe your experience with external audits for financial institutions?

When answering this question, detail your previous roles handling external audits for clients in the financial sector, specifically mentioning any community banks or credit unions you've worked with. Emphasize your understanding of their unique needs and regulatory requirements.

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What approaches do you take for risk assessment during audits?

Discuss your methodology for conducting risk assessments, including specific examples from past experiences. Highlight your ability to identify potential risks, evaluate their impact, and design effective audit procedures to address them.

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How do you ensure compliance with GAAP and FASB regulations?

Provide insights into your process for integrating GAAP and FASB compliance into your audits. Share specific methods you've employed to assess client adherence and any tools or resources you utilize to stay updated on regulatory changes.

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Can you describe a challenging audit engagement you've managed?

Share a specific example of a complex audit engagement, detailing the challenges faced and how you addressed them. Focus on your critical thinking, decision-making, and leadership skills that led to successful project completion.

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How do you mentor and support your audit team members?

Discuss your mentoring philosophy and give examples of how you've actively supported the development of your team members in past roles, including regular feedback sessions, training opportunities, and fostering a collaborative work environment.

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What steps do you take to communicate complex accounting issues to clients?

Describe your communication strategy when presenting complex issues to clients, emphasizing clarity, empathy, and patience. Provide an example of a situation where you successfully demystified a complex topic for a client.

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How do you prioritize multiple audit engagements?

Explain your approach to effective time management and prioritization. Mention tools or practices you utilize to ensure that you are meeting deadlines while maintaining high-quality standards across multiple projects.

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What strategies do you employ to build strong client relationships?

Share specific strategies you've used to establish and nurture client relationships, such as regular communication, understanding their needs, and providing tailored solutions. Discuss the benefits of solid relationships in achieving successful audits.

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How do you stay current with changes in auditing and accounting standards?

Discuss your commitment to professional development, mentioning resources you consult regularly, such as seminars, courses, industry publications, or professional organizations that keep you informed about changes in auditing and accounting standards.

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What motivates you in your role as an Audit Manager?

Share your passion for the audit profession and detail what drives you in your role as an Audit Manager, whether it’s solving complex problems, helping clients achieve compliance, or leading a team towards a common goal, emphasizing your desire for personal and professional growth.

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Our vision reflects the impact we want to make: Create a lasting, positive impact for every person, organization and community we engage. Our mission and values are a living, breathing part of our culture. They guide us daily in creating that la...

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Full-time, hybrid
DATE POSTED
December 21, 2024

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