What Does a KPMG Associate Do?

KPMG is a global professional services firm that provides audit, tax, and advisory services to clients in various industries. KPMG has offices in more than 150 countries and employs over 200,000 people.

At KPMG, an Associate is a professional who provides support to the firm’s clients. Associates are responsible for researching and analyzing data, preparing reports, and providing advice to clients. They also work closely with senior staff to develop strategies and solutions to complex business problems. Associates must have strong analytical and problem-solving skills, as well as excellent communication and interpersonal skills.

KPMG Associate Job Duties

A KPMG Associate typically has a wide range of responsibilities, which can include:

• Assist in the preparation of financial statements, including balance sheets, income statements, and cash flow statements
• Analyze financial data to identify trends and discrepancies
• Prepare reports for clients on their financial performance
• Assist with audits by gathering and analyzing information from client records
• Develop and maintain relationships with clients
• Provide tax planning advice to clients
• Research complex accounting issues and provide solutions
• Participate in meetings with clients to discuss their financial needs
• Monitor changes in regulations and advise clients accordingly
• Train junior staff members on accounting principles and procedures
• Review and analyze financial documents such as budgets, contracts, and invoices
• Maintain up-to-date knowledge of industry developments and best practices

KPMG Associate Salary

The salary for an Associate at KPMG is determined by a variety of factors, including the individual’s experience level, the location of the job, the type of work being performed, and the current market conditions. In addition, the company’s internal policies and procedures, as well as the individual’s performance, can also play a role in determining the salary.

• Median Annual Salary: $85,141 ($40.93/hour)
• Top 10% Annual Salary: $110,000 ($52.88/hour)

KPMG Associate Job Requirements

KPMG is looking for an Associate to join their team. To be considered for this position, applicants must have a Bachelor’s degree in Accounting, Finance, or a related field. Additionally, applicants must have at least two years of experience in a professional accounting or finance role. Knowledge of accounting principles and financial analysis is also required.

KPMG also requires that applicants have a valid CPA license or be in the process of obtaining one. Candidates must also have strong communication and problem-solving skills, as well as the ability to work independently and as part of a team. Knowledge of Microsoft Office Suite and other accounting software is also preferred.

KPMG Associate Skills

KPMG Associate employees need the following skills in order to be successful:

Inventory Management: Inventory management is the ability to track and organize the supply of goods and materials. This is an important skill for accounting professionals, as they often work with financial records and documents. KPMG professionals often work with large amounts of data, so it’s important to have strong inventory management skills to keep track of all the information.

Written & Verbal Communication Skills: Written and verbal communication skills are essential for KPMG associates. You may be required to communicate with clients, other KPMG employees and other professionals in the finance industry. You may also be required to present information to clients and other KPMG employees. Verbal communication skills are also important for resolving conflicts and building relationships with clients and coworkers.

POS Systems: A large part of a KPMG associate’s job is to enter data into a company’s point-of-sale system. This requires knowledge of the system and how to navigate it. Associate-level employees may be responsible for entering data from a variety of sources, so it’s important to have a working knowledge of the system and how to use it.

Data Entry: Data entry is the ability to type information into a computer. This is a necessary skill for most accounting jobs, including those in public accounting. KPMG associates use data entry to enter financial information into spreadsheets and other documents.

Customer Service: Customer service skills can help you interact with clients and other employees. Customer service involves providing information, answering questions and resolving issues. You can use customer service skills in many aspects of your career, including in client service, where you may be responsible for interacting with clients and providing them with information about their finances.

KPMG Associate Work Environment

KPMG Associates typically work in an office environment, although travel may be required for client meetings and other business-related activities. Associates typically work 40 hours per week, although overtime may be required during busy periods. Associates are expected to be highly organized and able to work independently, as well as in teams. They must be able to handle multiple tasks and prioritize their work. Associates must also be able to work under pressure and meet tight deadlines. Associates must be able to communicate effectively with clients and colleagues, and must be able to think critically and solve problems.

KPMG Associate Trends

Here are three trends influencing how KPMG Associate employees work.

Increased focus on data-driven decision making

KPMG Associates are increasingly relying on data-driven decision making to provide insights and advice to their clients. This trend is driven by the need for more accurate, timely, and actionable information in order to make better decisions.

KPMG Associates are leveraging advanced analytics tools such as machine learning and artificial intelligence to uncover hidden patterns and trends in large datasets. They are also using predictive analytics to anticipate future outcomes and develop strategies that will help their clients succeed. By utilizing these technologies, KPMG Associates can provide valuable insights and recommendations to their clients that would otherwise be difficult or impossible to obtain.

Increased use of Artificial Intelligence

Artificial Intelligence (AI) is becoming increasingly important in the field of accounting and auditing. KPMG Associates are now using AI to automate mundane tasks, such as data entry and analysis, freeing up time for more complex work. AI can also be used to detect anomalies in financial statements that may indicate fraud or other irregularities.

KPMG Associates are also leveraging AI to provide clients with predictive analytics and insights into their businesses. This allows them to make better decisions and improve efficiency. As AI continues to evolve, it will become an even more integral part of the job for KPMG Associates.

Automation

Automation is becoming increasingly important in the accounting and auditing industry. Automated processes are being used to streamline data collection, analysis, and reporting. This technology can help KPMG Associates save time and money while providing more accurate results.

Automation also allows for greater accuracy when it comes to financial statements and other documents. By automating certain tasks, such as document review and reconciliation, KPMG Associates can ensure that all information is correct and up-to-date. Additionally, automation can be used to detect fraud or errors quickly and efficiently.

Overall, automation is an emerging trend that KPMG Associates should understand and embrace in order to stay competitive in the future of work.

Advancement Prospects

Associates at KPMG typically start out in an entry-level position and work their way up the corporate ladder. Associates may be promoted to Senior Associate, Manager, Senior Manager, Director, and Partner. As they move up the ladder, they will gain more responsibility and higher salaries. Associates may also be able to move into other areas of the company, such as consulting, tax, or audit. Associates may also be able to move into other industries, such as banking, finance, or accounting.

Interview Questions

Here are five common KPMG Associate interview questions and answers.

1. Why do you want to work for KPMG?

This question is a great way for the interviewer to learn more about your interest in their company. They want to know what you like about KPMG and why you are excited to work there. When answering this question, it can be helpful to mention specific aspects of the company that appeal to you.

Example: “I am interested in working for KPMG because I have always admired the reputation of the firm. I love how they offer a wide range of services and specialize in so many areas. I think my skills would fit well with the culture here, and I am eager to get started on an exciting career path.”

2. Tell us about a time when you were asked to lead a project.

This question can help the interviewer determine your leadership skills and how you handle pressure. When answering this question, it can be helpful to mention a time when you were in charge of a project or task that was more complex than others you’ve completed.

Example: “In my last role as an accountant, I was asked to lead a team of five accountants on a large tax preparation project for one of our clients. The client had many questions about their taxes, so we needed to make sure all of their information was accurate before submitting our work. Leading the team helped me learn how to delegate tasks and communicate with other professionals.”

3. Give an example of something you worked hard to achieve.

This question can help the interviewer learn more about your work ethic and how you apply it to your job. When answering this question, think of a time when you worked hard to achieve something that helped you grow as a professional.

Example: “When I first started my accounting internship at KPMG, I was nervous about presenting information in front of large groups. My supervisor noticed this and offered me extra practice opportunities with smaller groups before moving up to larger ones. After practicing for several weeks, I felt much more confident in my presentation skills and could confidently present to any size group.”

4. Describe your leadership style.

This question can help the interviewer determine how you might fit into their organization. Leadership style is a highly personal thing, so it’s important to be honest about your approach and what motivates you.

Example: “I believe in being an empathetic leader who listens to my team members. I also like to encourage creativity and innovation by giving my team members opportunities to try new things and take on more responsibility. In my last role, I noticed that one of my teammates was struggling with a project. Instead of assigning her another task, I gave her additional resources and time to complete the project. She ended up doing well, and she felt good about having the opportunity to learn.”

5. Have you ever had to work on a team that was not functioning well? How did you handle it?

This question can help the interviewer understand how you handle conflict and work with others. Use your answer to highlight your communication skills, problem-solving abilities and teamwork skills.

Example: “In my last role as an accountant at a small business, I was part of a team that had several members who were not performing their duties well. This led to some clients being unhappy with our services because we weren’t able to provide them with accurate financial reports on time. I spoke with my manager about this issue, and together we decided to have a meeting with all the accountants to discuss the situation. We talked about what each person’s responsibilities were and set up weekly check-ins to ensure everyone was staying on track.”