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Opportunity

ACA Graduate Trainee – Financial Services – Audit

  • Location

    London

  • Sector:

    Financial Services

  • Job type:

    Graduate

  • Salary:

    Competitive

  • Contact:

    Megan Smith

  • Contact email:

    traineerecruitment@pkf-l.com

  • Job ref:

    2758

  • Published:

    5 days ago

  • Expiry date:

    11-02-2022

  • Client:

    PKF Littlejohn LLP

Our Financial Services team is one of the largest teams outside the Big 4.  We are the sixth largest provider of external audit services to the UK Insurance industry. The division also provides internal audit services to a number of major insurance companies and brokers; and we are a leading firm in the Lloyd’s of London insurance market. We advise clients across the insurance industry, including insurance companies, syndicates and other Lloyd’s entities, mutual insurers, brokers and agents. We provide external audit services to asset managers, private equity funds, corporate finance firms, and other FCA authorised businesses. 

Purpose and aim of the job  

  • To begin to develop a knowledge of accounting and auditing techniques and show commitment to passing the professional examinations
  • To begin to develop an understanding of the Financial Services sector, including insurance, funds and fund management and the associated accounting and auditing issues

Job duties and responsibilities

  • Undertake the work allocated by the assignment leader
  • Keep the assignment leader informed about progress at daily meetings
  • Ensure attendance at briefing meetings and understand the audit plan
  • Complete the work within the budget for each area
  • Adopt high professional standards with a business-like approach to work
  • Develop a comprehensive working knowledge of double entry bookkeeping
  • Be able complete sections in the audit file by obtaining and documenting sufficient and appropriate audit evidence, to include the following sections:
    • Fixed assets section
    • Bank section
    • Document accounting systems and complete systems testing
    • Substantive testing on the Profit and Loss analysis – including attention to tax requirements
  • Develop a basic knowledge of current accounting standards
  • Develop a basic knowledge of the laws and regulations affecting FS clients including Lloyd’s/FCA regulations and client money rules
  • Pass relevant professional examinations first time
  • Complete the required CII study exams
  • Be able to advise on basic accounting issues
  • Be aware of Institute and internal ethical guidelines
  • To accept responsibility for all work performed