Audit Manager (Insurance) - Gibraltar

KPMG is part of a global network of firms that offers Audit, Tax, Pensions & Legal, Consulting, Deal Advisory and Technology services. Through the talent of over 16,000 colleagues, we bring our creativity and insight to our clients’ most critical challenges.

As a firm we help our clients navigate their biggest issues and opportunities. We aim to be universally recognised as a great place for great people to do their best work – a firm known for our collaborative and inclusive culture. And we will take pride in driving lasting, positive change in society.

With offices in Gibraltar, we work with everyone from small start-ups and individuals to major multinationals. Our work is often complex, yet our vision is simple: to be the clear choice for our clients, for our people and for the communities we work in.

KPMG is one of the leading audit practices in the UK and Gibraltar whose success and reputation depends upon the quality and integrity of our services – and our people. If you join our audit team, you could benefit from increased amounts of training and education to keep you up to speed with current changes in audit regulation and accounting and auditing standards.

As an Audit Manager, you will be involved in all aspects of leading and delivering audit engagements, from planning through to completion on a broad spectrum of  clients. The role will include executive level client interaction and exposure to multiple clients on an annual basis, as well as daily tasks such as:

Tone & Culture

• Promoting a commitment to quality, including recognising the importance of legal and regulatory requirements, professional ethics, KPMG Core Values and code of conduct in my team(s)
• Responding to and implementing changes recommended by a regulator as directed by senior team members on engagement teams
• Promoting a collaborative culture encouraging constructive working relationships within the audit team, with specialists and across different team(s).

Quality

• Planning and execution of audit fieldwork and statutory reporting across a portfolio of engagements
• Project management of all aspects of audit including agreeing audit timelines, team briefings, and supervision and delivery of audit work
• Identifying, researching and helping to resolve complex audit issues
• Preparing engagement deliverables, building relationships with the audited entity staff and acting as an ambassador for the firm

Portfolio and Finance

• Budgeting and monitoring the financial performance of projects, focusing on optimising profitability
• Working on audit tenders and working as part of the relevant independence team on these tenders. Tasks may include reviewing global engagement records in Sentinel; analysing and categorising the records; contacting partners globally for engagement information; preparing data and drafting Independence reports; and liaising with the UK Ethics and Independence team
• You may also have the opportunity to work on specific audit related projects across the audit function     
• Actively participating with the audit partner/ director in the optimisation and rationalisation of our portfolio of audited entities e.g. through achieving exits or pricing / profitability targets

People

• Leading a field work team including supervising and coaching more junior members of staff to help them reach their full potential
• Keeping up to date with technical developments in audit quality, audit and accounting standards, and comply with latest quality directives
• Keeping up to date with KPMG's pro

You will work on the origination and execution of lead advisory mandates dedicated to the Energy sector, covering the full deal lifecyle from the initial strategic review through to completion.  This is an ideal opportunity for candidates to join a growing and ambitious team which benefits from a track record of delivering sector defining transactions, ranging from the upper mid-market through to multi £bn ticket sizes.  

The business has significant growth ambitions, through continued deep sector expertise and delivering the highest quality deal execution.

Our Transaction Services team collaborate with organisations of all shapes and sizes across a broad range of Mergers and Acquisitions activity. We are an integrated team of specialists helping clients focus on the key questions during the critical stages of planning and executing a deal, creating and enhancing value.

KPMG’s Infrastructure Group in the UK consists of c200 professionals and is widely recognised as one of the world’s leading independent business, financial and regulatory advisers in infrastructure. The group has won many awards, including Financial Advisor of the Year (Infrastructure Journal) for several years. The group has locations in London, Birmingham, Edinburgh, Leeds and Manchester, but is organised on a national basis, operating under a single national cost centre.

We provide in-depth advice on strategic, financial, regulatory and commercial issues driving investments in infrastructure across Transport, Power & Utilities, and Social Infrastructure in the UK and globally. Our work includes market and policy design, economic and regulatory analysis, deal structuring and execution, as well as strategic and transaction advice to enable private and public capital to fund infrastructure. We work closely with other functions within KPMG to advise clients on mergers and acquisitions, valuations, tax, accounting, and due diligence.

The utilities sector is the largest business area for the Infrastructure Group and encompasses work for large clients in the sector, including all of the leading UK energy and water companies as well as some of the largest utilities in Europe and beyond. We provide in-depth strategic and technical advice on corporate finance and corporate financial management, regulatory finance, regulatory policy, business and financial planning, cost assessment and benchmarking as well as other drivers affecting value. Our work combines elements of policy, finance, strategy and economics to assist our clients in structuring investments, securing financing, supporting regulatory regimes and maximising shareholder value. We are widely recognised by many industry stakeholders as market leaders influencing the future of the utilities sector.

Our business is continuously expanding and we are looking for high quality candidates to support our Power & Utilities business with a particular focus on cost assessment, modelling and benchmarking as well as financial analysis. This is to support the development of new service lines, building on the work already undertaken in the Group.

We are looking for a highly motivated individual to join our market-leading regulatory finance team as an Associate Director with a focus on competition economics. We are looking for an ambitious individual who would be excited to take a lead role in building our economics practice.

Our economics team is part of our well-established utilities regulatory consulting practice, so you will benefit from working closely with other professionals who frequently support us on our cases, including regulatory finance experts and econometricians. The projects you will advise on will be high profile and varied. In recent years we have advised on subsidy control, CMA re-determinations, risk analysis, major transactions and much more.

Responsibilities:

• Play a pivotal role in running projects and maintaining client relationships with minimal supervision from Directors and Partners.
• Ensure that client work is delivered to the highest standards in both content and form, managing client interactions, tracking budgets, and complying with the company’s risk processes.
• Lead project teams of 2-12 people, fostering a collaborative spirit and culture of respect. Maintain a positive attitude when the team is under pressure, supporting other team members.
• Play a key role in our sales efforts, building and maintaining effective relationships with key clients across the sector, as well as with other advisors. Identify and act on new opportunities with both new and existing clients.
• Be involved in the wider management and development of the P&U Regulatory Finance team, including contributions to recruitment, performance appraisal, mentoring and thought leadership.