Audit Manager NFP

Audit Manager NFP

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage a portfolio of not-for-profit clients and oversee audit engagements.
  • Company: Join a leading mid-tier firm with a focus on NFP and charity sectors.
  • Benefits: Enjoy a collaborative environment, quarterly promotions, and opportunities for networking.
  • Why this job: Make a real impact in the NFP sector while developing your career in a supportive team.
  • Qualifications: Passion for NFP, ACA/ACCA qualified, and experience managing small teams required.
  • Other info: Non-chargeable time is valued; enjoy team lunches and cross-office networking.

The predicted salary is between 36000 - 60000 £ per year.

Ambition is working with a leading mid-tier firm looking to hire an Audit Manager for their NFP team. The team is large enough to have the resources to service their clients but small enough to focus on what is most important: caring about their clients. The team fosters a collaborative environment that emphasises improvement over criticism. You will be encouraged to dive in at the deep end, ensuring constant development and preparation for the next step in your career.

The team boasts notable clients in the charity and education sectors and has been tendering and winning more, resulting in a 30% growth in the past year and around 25% in recent years. This bodes well for anyone with ambitions to progress to Senior Manager, Director, and Partner in the future. The firm has quarterly promotion cycles, so when an opportunity arises and you are ready, you won’t have to wait long.

The team environment is inclusive and welcomes people of all backgrounds and personalities. As long as you have a passion for Not For Profit, you will fit in. The team is friendly and often gets together for lunch, and you will have the chance to meet other managers from the NFP in other offices across the country. Non-chargeable time is valued just as much as chargeable time, and you will have the opportunity to get involved in other areas such as networking or technical work.

Responsibilities include:

  • Managing a portfolio of not-for-profit clients
  • Organising, overseeing, and evaluating client engagements
  • Conducting preliminary meetings with clients
  • Creating a time budget for each project
  • Reviewing all received work promptly, addressing any issues with the audit staff
  • Ensuring files are complete and that the audit or accounts work is sufficient for the Partner to form an opinion on the accounts, balancing cost and benefit
  • Monitoring WIP on all jobs within the portfolio, promptly communicating any potential problems and write-offs to the Partner
  • Accurately recording all hours worked on any client to reflect the true profitability of the job
  • Preparing fee schedules and bills for Partner review and approval, explaining any additional charges and identifying any write-offs or profits
  • Drafting all management letters, finalising accounts, and letters of engagement
  • Attending client meetings (where appropriate)
  • Ensuring trainees are allocated a variety of jobs to maximise their experience
  • Completing 6-monthly appraisals and signing off training records
  • Dealing with day-to-day staff issues
  • Identifying opportunities for additional services
  • Identifying new target clients through networking, marketing, and referrals
  • Ad-hoc project work, which could include compliance or value-added services
  • Being involved in tenders
  • Setting the budgets

Ideal Candidate:

  • Passion for the sector is a must!
  • Good understanding of the NFP sector and SORP, with experience with charities £10m+
  • Experience managing teams of 3-5 people
  • ACA ICAEW, ACCA, or equivalent qualified
  • Must have the right to work as sponsorship cannot be provided.

If this job isn’t quite right for you, but you know someone who would be great at this role, why not take advantage of our referral scheme? We offer £200 in shopping vouchers for every referred candidate who we place in a role. Terms & Conditions Apply.

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Contact Detail:

Ambition Europe Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Audit Manager NFP

✨Tip Number 1

Familiarise yourself with the Not For Profit (NFP) sector and its specific challenges. Understanding the nuances of SORP and how it applies to charities will give you a significant edge during interviews, as you'll be able to demonstrate your knowledge and passion for the field.

✨Tip Number 2

Network with professionals in the NFP sector. Attend relevant events or webinars where you can meet people who work in similar roles. This not only helps you gain insights but also increases your chances of being referred to opportunities within the industry.

✨Tip Number 3

Showcase your leadership skills by discussing any experience you have managing teams. The role requires overseeing a team of 3-5 people, so highlighting your ability to mentor and develop others will resonate well with the hiring managers.

✨Tip Number 4

Prepare to discuss your experience with client management and engagement. Since the role involves conducting preliminary meetings and managing a portfolio of clients, being able to articulate your approach to client relationships will be crucial in demonstrating your fit for the position.

We think you need these skills to ace Audit Manager NFP

Strong understanding of the Not For Profit (NFP) sector
Knowledge of SORP (Statement of Recommended Practice)
Experience with charities with income over £10m
Team management skills
Excellent communication skills
Client engagement and relationship management
Budgeting and financial management
Attention to detail
Problem-solving abilities
Ability to conduct appraisals and training
Networking and marketing skills
Proficiency in audit processes and standards
Time management and organisational skills
Adaptability in a collaborative environment

Some tips for your application 🫡

Understand the Role: Read the job description thoroughly to understand the responsibilities and requirements of the Audit Manager position. Tailor your application to highlight your relevant experience in the NFP sector and your passion for charity work.

Highlight Relevant Experience: In your CV and cover letter, emphasise your experience managing teams and working with not-for-profit clients. Provide specific examples of how you've contributed to similar projects or roles, especially those involving charities with a turnover of £10m+.

Showcase Your Qualifications: Make sure to mention your qualifications, such as ACA ICAEW, ACCA, or equivalent. If you have any additional certifications or training related to the NFP sector, include those as well to strengthen your application.

Personalise Your Cover Letter: Craft a personalised cover letter that reflects your enthusiasm for the role and the company. Mention why you are drawn to their collaborative environment and how you can contribute to their growth in the NFP sector.

How to prepare for a job interview at Ambition Europe Limited

✨Show Your Passion for NFP

Make sure to express your genuine passion for the Not For Profit sector during the interview. Share specific experiences or projects that highlight your commitment and understanding of the challenges faced by charities.

✨Demonstrate Team Management Skills

Since the role involves managing a team, be prepared to discuss your experience in leading teams of 3-5 people. Provide examples of how you've successfully managed projects and supported team members' development.

✨Familiarise Yourself with SORP

Have a solid understanding of the Statement of Recommended Practice (SORP) as it relates to charities. Be ready to discuss how this knowledge has influenced your previous work and how you can apply it in this role.

✨Prepare Questions About Growth Opportunities

The firm values career progression, so come prepared with questions about growth opportunities within the company. This shows your ambition and interest in long-term development, which aligns with their quarterly promotion cycles.

Audit Manager NFP
Ambition Europe Limited
Location: London
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