Audit School Leaver (Financial Services)
by Mazars LLP
Audit School Leaver (Financial Services) - September 2022
Overview of the Audit service line
In Audit, you will join a growing team of over 1000 relationship driven, curious, problem solvers who add value to their clients daily. Our teams provide audit and assurance services which are vital to our clients' business control and credibility. Our expertise ranges from servicing private, entrepreneurial companies through to UK and internationally listed companies and groups, financial services, public sector bodies and some of the largest global organizations in the world. By joining a unique integrated structure, you will benefit from working in collaborative teams and be given responsibility for delivering robust and independent audit and assurance services in a supportive environment.
Quality is at the centre of Mazars in terms of both our people and the service we provide our clients. We offer a distinctive, human-centric approach that goes beyond compliance, with an integrated structure that allows us to work seamlessly as one team.
We hold the fundamental belief that audit forms the foundations of a fair and prosperous world, we care about our industry and have long pressed for a debate on competition in the audit market. We believe that businesses and societies around the world deserve the benefits that increased resilience in the audit market can bring and are committed to playing an active role in shaping its future.
An introduction to our Financial Services team
The financial services team works internationally to provide seamless, cross-border services to our clients. As a member of the team you will experience a broad range of clients across various sectors to build your knowledge and understanding of the financial services market.
Banking clients consist of overseas banks and UK challenger banks. These cover the spectrum of banking activity such as retail banking, commercial banking, private banking (including wealth management), merchant banking, and investment banking. Other clients include a range of other finance entities such as building societies, leasing, asset backed lending, payment service providers, and security brokers.
The insurance sector covers clients from entrepreneurial insurance brokers to Lloyd's syndicates and large international underwriters. Our clients span across the general insurance and life insurance markets, and various types of insurance offerings.
Real Estate Asset Management:
The real estate asset management division covers national and global asset management groups, hedge fund managers, private equity structures, listed investment funds, venture capital trusts, financial advisory groups and property clients.
The role of an auditor is to ensure financial statements produced by clients are ‘true and fair' and an accurate representation of the transactions and balances they claim to represent. In the financial services team, you can expect to be part of highly engaged teams, working together to deliver high quality audits in line with client expectations and deadlines.
We are moving to a new hybrid working model, so as a trainee you will split your time between working from home, visiting the office, client sites when required or studying for your professional exams.
We are looking for candidates with a strong desire to learn and progress, and we give increasing responsibility when an individual is ready rather than at pre-determined times. However, our broad expectation of roles and responsibilities during the three-year training contract is set out below.
During your first two years you will:
- Work with various clients, building a strong understanding of their business;
- Learn how to prepare professional audit documents in line with our audit methodology using audit software and systems;
- Develop a thorough understanding of financial statements; and
- Be able to obtain relevant information from clients whilst building effective rapport with clients.
During your second year you will:
- Build and develop audit skills in increasingly complex and technical areas;
- Be able to take ownership for sections allocated to you in an audit file;
- Self-review your own work, ensuring minimal review points are raised by managers; and
- Be able to help less experienced team members.
In your final year you will be expected to take on significantly more responsibility. Depending on the client, this may involve taking the lead on a technical area or a team and ensuring the entire audit file is completed. This will include a combination of working to stated deadlines, managing the work of junior members, taking responsibility for the budget, and presenting in both team and client meetings.
- Strong work ethic; the desire to get things done, and to learn and progress.
- Interpersonal skills; the ability to build client relationships with a foundation of trust and responsibility.
- Analytical skills; the ability to accurately and diligently assimilate information, grasp concepts quickly, research and solve problems.
- Independent; the ability to think critically, challenge when appropriate, and to apply professional scepticism.
- Attention to detail and strong time-management skills.
- Credible and effective communication skills (written and verbal).
- Affinity with our values; in particular, respect for individuals, diversity and integrity.
- Strong academic performance is important so we know that you're ready to take your professional exams.
However, we understand things don't always go to plan – so if you don't meet our minimum requirements, please let us know if you have any exceptional achievements or extenuating circumstances which affected your results. We also consider your achievements in the context of your socio-economic background, so encourage you to submit your contextual information.
- On track to achieve or have obtained a minimum of 112 UCAS points. This is based on the new 2017 UCAS Tariff.
- Grade B or above in GCSE English Language and Maths.
We will fund your study towards the AAT qualification. If you are successful in this, we will then go onto fund you towards your ACA qualification
You will receive a full study package to ensure that you successfully complete your professional qualification. This includes time off to study, attend college and complete online courses. Your professional qualification is only part of the story at Mazars; we support all our trainees with a blended approach to training and development including classroom study, 1:1 coaching, and soft skills training.
You will be supported by a mentor and an appraising manager to keep your career and aspirations on track.
Mazars is a positively different international and integrated professional services firm operating in 89 countries around the world; specialising in Audit, Tax, Consulting, Financial Planning, Accounting & Outsourcing and Advisory Services with entrepreneurship and a desire to create value at the heart of our DNA. We differentiate ourselves by the opportunities we offer our people, our approach to working with clients and our passion for responsible business.
How to apply
To apply for this role and to find out more, please click on the apply button below.
Please note that applications may close before the application deadline, so apply early to avoid disappointment.