Audit Senior - Financial Services

About this role

About Grassi

After more than 40 years of business growth and industry change, Grassi has redefined what it means to be an advisor and accountant to today’s businesses and individuals. Nationally ranked as one of the largest and fastest-growing accounting firms in the nation, Grassi is a leading provider of advisory, tax, and accounting services across key sectors including construction, architecture and engineering, not-for-profit, healthcare, manufacturing and distribution, financial services, real estate, and more. Several publications have ranked us among the top accounting firms to work for, highlighting our strength in work-life balance, culture, and wellness categories.

With over 550 employees and nine offices spanning the New York Metropolitan Area, Long Island, the Northeast, Florida, New England, and an international presence in Italy, we are strategically positioned to serve clients locally and globally. In 2023, Grassi became an employee-owned company by implementing an ESOP, establishing our independence and empowering our people to drive the firm’s future success. The ESOP ensures that equity partners and all Grassi U.S. employees have the exclusive opportunity to own the firm’s stock, making them integral to the company’s future.

Job Summary

We are currently seeking a Financial Services Audit Senior Associate to join our team in our New York, NY office location. This role offers an exciting opportunity to be part of a dynamic and growing firm.

Financial Services Audit Seniors serve clients in the investment management industry, including hedge funds, private equity funds, and broker-dealers. The Audit Senior will lead audit engagements from planning through completion while supervising staff, reviewing complex financial data, and ensuring compliance with industry-specific accounting and regulatory standards. This role requires strong technical expertise, a detail-oriented mindset, and a deep understanding of financial products, fund structures, and valuation methods.

Responsibilities include, but are not limited to:

• Leading financial services audit engagements from planning to issuance, including preparing financial statements in accordance with applicable GAAP and industry-specific frameworks

• Supervising, training, and mentoring associates and interns, reviewing their work for quality and accuracy, and providing timely feedback and development support

• Reviewing audit workpapers, financial statements, and reports to ensure compliance with professional and firm standards

• Evaluating internal controls and identifying areas of risk, inefficiency, or opportunities for improvement

• Preparing complex sections of audit documentation, including working papers, financial statement disclosures, and draft reports

• Researching and resolving complex accounting, auditing, and reporting issues using authoritative guidance and firm resources

• Collaborating with partners and managers to develop audit strategies and improve engagement efficiency and client service

• Examining financial and accounting records, agreements, fund documents, and other supporting materials to verify accuracy and completeness

• Testing internal controls specific to financial services operations, including trade processing, pricing, and calculations

• Investigating discrepancies between trade entry and accounting systems, ensuring correct trade capture and reconciliation

• Performing both qualitative and quantitative evaluations of hedge fund investments, strategies, and valuation methodologies

• Generating monthly trial balances, balance sheets, and income statements for a variety of investment funds

• Determining the extent of test-checking and substantive procedures based on risk assessments and client-specific factors

• Preparing audit working papers and indexing documentation in accordance with firm and regulatory standards

• Drafting client-ready reports, footnote disclosures, and financial statement qualifications for partner and client review

• Managing multiple engagements simultaneously while ensuring timely completion within budgeted hours

• Communicating with client personnel to clarify issues, provide updates, and present audit findings professionally

• Utilizing audit software such as ProSystem fx Engagement or equivalent to manage workflow in a paperless environment

Qualifications

• Bachelor’s degree in Accounting required

• Minimum of 3-5 years progressive audit experience; previous experience in public accounting required

• Audit experience in private entities in the broker dealers, hedge fund, fund-of-funds and private equity industries required

• Strong audit skills with proficiency in US GAAP, US GAAS and PCAOB standards

• CPA license preferred or actively pursuing CPA certification

• Proven ability to supervise and lead staff while working collaboratively in a team environment

• The willingness and ability to work additional hours, as needed, and travel to various client…