Audit Associate

19 hours ago

Greater Kailash, Haryana, India Elevate Full time

A. Company Overview

At Elevate, we partner with forward-thinking accounting firms to transform them into industry leaders. Our proven model streamlines operations, boosts financial performance, and unlocks new avenues for growth—creating enduring value for founders, teams, and clients alike.

We specialize in empowering firms to thrive in today's competitive landscape through strategic integration, innovative systems, and a deep respect for each firm's legacy. By combining operational excellence with visionary leadership, Elevate helps firms scale sustainably while preserving the culture and reputation they've built over time.

Join us in shaping the future of accounting—where tradition meets transformation.

B. About Your Role

We are seeking a highly motivated Associate – Audit to join our Audit Team. In this role, you will be responsible for supporting the execution of financial audits for private companies, contributing to the delivery of high-quality assurance, regulatory compliance, and enhanced client confidence.

This opportunity is ideal for individuals with a strong foundation in audit practices, a commitment to financial integrity, and a passion for working in a dynamic, fast-paced environment that values cross-border collaboration, innovation, and continuous professional growth.

The successful candidate will be analytical, meticulous, proactive, and a collaborative team player—someone who demonstrates initiative, thrives in a performance-driven culture, and is dedicated to upholding the highest standards of excellence.

C. Key Responsibilities

  • Perform audit procedures on WIP (Work-in-Progress) schedules, job cost reports, and A/R aging tied to construction contracts.
  • Assist in testing percentage-of-completion revenue recognition and related cutoff and accuracy assertions.
  • Review and reconcile AIA G702/703 forms, subcontractor payment certificates, and retainage balances.
  • Analyze job profitability trends and detect anomalies across active projects.
  • Execute procedures on indirect cost allocations, change orders, and bonded project tracking.
  • Support engagement teams with risk assessment documentation, walkthroughs, and internal control testing relevant to job cost cycles.
  • Document audit findings and prepare supporting schedules in accordance with U.S. GAAS and GAAP.

D. Required Qualifications & Experience

Education:

  • Bachelor's degree in Accounting or Commerce.
  • CPA or pursuing preferred.

Experience:

  • 1–3 years of U.S. assurance/audit experience (construction, engineering, or real estate clients preferred).

Essential Technical Skills:

  • Proficient with CaseWare, CCH Engagement, or similar audit software.
  • Knowledge of GAAP revenue recognition (ASC 606) and job costing fundamentals is highly desirable.
  • Attention to detail, ability to interpret financial data, and apply audit standards effectively
  • Exceptional proficiency in written and verbal English communication, enabling clear and effective collaboration with U.S.-based teams and stakeholders.
  • Proven ability to work independently, prioritize tasks efficiently, and adhere strictly to deadlines.

Preferred but not mandatory skills or experiences:

  • Experience working with international audit teams, particularly U.S. clients

E. Benefits & Perks

  • Health Insurance for you and your dependents including parents
  • Provident Fund
  • 3 % Fixed CTC Budget for Learning Opportunities
  • Market Leading Leave Policy
  • Paid Holidays per Calendar Year
  • Employee Recognition & Rewards
  • One of the best cultures of benevolent meritocracy

F. Job Details

  • Title: Associate - Audit
  • Annual Compensation: As per Industry Standard
  • Work Schedule: Office
  • Nature: Full time
  • Shift: 9-hour shift between 5 PM – 5 AM IST
  • Location: Delhi, India

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