Senior Associate - Accounting Advisory - Multiple Positions

Job Description

Job Title: Senior Associate - Accounting Advisory - Multiple Positions

Approved Locations: 444 S. Flower Street, Suite 3100, Los Angeles, CA 90071. 30% travel to various unanticipated client locations. May work remotely.

Salary: $110,000 - $120,000 per year

Job Description:

As the Senior Associate - Accounting Advisory, you'll assist support clients with complex accounting matters arising from regulatory or strategic business changes such as mergers, acquisitions, divestitures, adoption of new accounting standard, accounting framework conversions, IPO or other public offering assistance, and on-call accounting advice.

Your day-to-day will include:

• Responsible for consulting on complex accounting transactions.
• Ensure work is high-quality, performed timely, and in compliance with regulatory requirements.
• Engage client stakeholders including external auditors, audit committees, and client management to identify, assess, and deliver correct advice.
• Identify regulatory and market trends that are applicable to clients and become a trusted advisor.
• Build relationships within and outside the company and leverage the existing company network to identify new opportunities.
• Collaborate within the accounting advisory service practice across regional teams and across functional service personnel to identify whitespace opportunities on existing clients and providing an integrated one experience to our clients.
• Prepare technical memos related to ASC 606 (Revenue Recognition), ASC 842 (Lease), and ASC 330 (Inventory) for private and public companies.
• Review contracts and agreements, determining and researching the applicable accounting guidance.
• Help clients convert from GAAP to IFRS on financial statements and related disclosure.

You have the following technical skills and qualifications:

• Requirement - Master's degree in Accounting, Finance, Economics, Mathematics, or a related field, or the foreign degree equivalent, and 3 years of experience as a Senior Financial Accountant, Project Accountant, or alternate related acceptable occupation.
• Relevant experience - Work or academic experience must have included: assisting companies with the technical accounting complexities associated with derivatives and hedging, IPO readiness, SPACs, business combinations, divestitures, structured transactions, sale and securitizations, secured financing alternatives, joint ventures and LIBOR/SOFR transition; transitioning from GAAP to IFRS, including the analysis of conversion approach, accounting policy, data gaps, conversion adjustments, GAAP reconciliation, system and process changes, and financial reporting; extracting detailed lease information from lease agreements, building the lease schedule to calculate ROU asset and lease liability, and preparing corresponding journal entries; reviewing provisions of contracts and agreements and researching applicable accounting guidance to draft technical accounting memos related to topics including ASC 606 Revenue Recognition, ASC 842 Leases, ASC 805 Business Combination, and ASC 810 Financial Consolidation; performing 5 step revenue recognition analysis process, helping clients to adjust revenue to comply with the revenue standards, and addressing any non-standard terms in the agreements; and converting direct cash flow statements to indirect cash flow statements.
• 30% travel to various unanticipated client locations. May work remotely.

About Us

At Grant Thornton, we believe in making business more personal and building trust into every result - for our clients and you. Here, we go beyond your expectations of a career in professional services by offering a career path with more: more opportunity, more flexibility, and more support. It's what makes us different, and we think being different makes us better.

About the Team

The team you're about to join is ready to help you thrive. Here's how:

• Whether it's your work location, weekly schedule or unlimited flex time off, we empower you with the options to work in the way that best serves your clients and your life.

• Here, you are supported to prioritize your overall well-being through work-life integration options that work best for you and those in your household.

• We understand that your needs, responsibilities and experiences are different - and we think that's a good thing. That's why we support you with personalized and comprehensive benefits that recognize and empower all the identities, roles and aspirations that make you, well, you. See how at www.gt.com/careers

• When it comes to inclusion, we are committed to doing more than checking boxes. Explore all the ways we're taking action for diversity, equity & inclusion at www.gt.com/careers

Here's what you can expect next:

If you apply and are selected to interview, a Grant Thornton team member will reach out to you to schedule a time to connect. We encourage you to also check out other roles that may be a good fit for you or get to know us a little bit better at www.gt.com/careers.

Benefits:

We understand that your needs, responsibilities and experiences are different, and we think that's a good thing. That's why we support you with personalized and comprehensive benefits that recognize and empower all the identities, roles and aspirations that make you, well, you. For an overview of our benefit offerings, please visit: https://www.grantthornton.com/careers/rewards-and-benefits

• Benefits for internship positions: Grant Thornton interns are eligible to participate in the firm's medical, dental and vision insurance programs and the firm's employee assistance program. Interns also receive a minimum of 72 hours of paid sick leave, and are paid for firm holidays that fall within their internship period.

• Benefits for seasonal employee positions: Grant Thornton seasonal employees are eligible to participate in the firm's medical, dental and vision insurance programs and the firm's employee assistance program. Seasonal employees may also be eligible to participate in the firm's 401(k) savings plan and employee retirement plan in accordance with applicable plan terms and eligibility requirements. Seasonal employees receive a minimum of 72 hours of paid sick leave.

Grant Thornton employees may be eligible for a discretionary, annual bonus based on individual and firm performance, subject to the terms, conditions and eligibility criteria of the applicable bonus plan or program. Interns and seasonal employees are not eligible for bonus compensation.

Additional Details:

It is the policy of Grant Thornton to promote equal employment opportunities. All personnel decisions (including, but not limited to, recruiting, hiring, training, working conditions, promotion, transfer, compensation, benefits, evaluations, and termination) are made without regard to race, color, religion, national origin, sex, age, marital or civil union status, pregnancy or pregnancy-related condition, sexual orientation, gender identity or expression, citizenship status, veteran status, disability, handicap, genetic predisposition or any other characteristic protected by applicable federal, state, or local law.

Consistent with the Americans with Disabilities Act (ADA) and applicable state and local laws, it is the policy of Grant Thornton to provide reasonable accommodation when requested by a qualified applicant or employee with a disability, unless such accommodation would cause an undue hardship. The policy regarding requests for reasonable accommodation applies to all aspects of employment, including the application process. To make an accommodation request, please contact [email protected].

For Los Angeles Applicants only: We will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.