What Does a KPMG Senior Associate Do?

KPMG is a global network of professional services firms providing audit, tax, and advisory services. KPMG has a presence in over 150 countries and employs over 200,000 people.

A Senior Associate at KPMG is responsible for providing high-quality services to clients. They are expected to have a deep understanding of the industry and the services they are providing. Senior Associates are expected to lead teams, manage projects, and provide guidance to junior staff. They are also responsible for developing and maintaining relationships with clients and ensuring that all services are delivered in a timely and efficient manner.

KPMG Senior Associate Job Duties

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

• Provide audit and assurance services to clients in a variety of industries
• Lead the planning, execution, and completion of audits for assigned clients
• Develop an understanding of client operations, processes, and internal controls
• Identify and communicate accounting and auditing matters to senior management
• Prepare financial statements and related disclosures
• Analyze complex transactions and account balances
• Research technical accounting issues and document conclusions
• Supervise, train, and mentor junior staff members
• Participate in business development activities such as proposal preparation and presentations
• Maintain strong relationships with clients by providing timely, high-quality service
• Demonstrate knowledge of KPMG’s methodologies, tools, and techniques
• Stay current on industry trends, regulatory changes, and professional standards

KPMG Senior Associate Salary

The salary for a Senior Associate at KPMG is determined by a variety of factors, including the individual’s experience, qualifications, and performance. The company also takes into account the local market rate for similar positions, as well as the individual’s current salary and benefits. In addition, the company’s internal policies and procedures, as well as the current economic climate, will also influence the salary offered.

• Median Annual Salary: $113,646 ($54.64/hour)
• Top 10% Annual Salary: $142,310 ($68.42/hour)

KPMG Senior Associate Job Requirements

To be hired as a Senior Associate at KPMG, applicants must have a minimum of a bachelor’s degree in accounting, finance, or a related field. In addition, applicants must have at least two years of professional experience in accounting, finance, or a related field. KPMG also requires applicants to have a CPA certification or be in the process of obtaining one. Furthermore, applicants must have strong analytical and problem-solving skills, as well as excellent communication and interpersonal skills. Finally, applicants must be able to work independently and as part of a team.

KPMG Senior Associate Skills

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

Business Development: Business development is the process by which individuals and companies grow their revenue streams. Senior accountants often have business development responsibilities, which may include developing new client relationships, identifying new revenue streams and developing new service offerings.

Compliance: Compliance refers to the adherence to regulations and standards. As a senior associate, you may be responsible for ensuring that a company complies with regulations and standards. This can include performing research, analyzing data and providing recommendations to ensure compliance.

Internal Audit: Internal audit is the process by which an organization reviews its own financial records and operations. Senior associates in accounting and finance often work in internal audit departments, and they may move into managerial roles in this department later in their careers. Senior associates in internal audit often work with other departments to review their records and operations, and they may also work with auditors from other firms to review the records of companies that the organization has a relationship with.

Strategic Planning: Strategic planning is the ability to develop and execute plans that help organizations achieve their goals. Senior associates in accounting firms often work on complex projects that require them to develop strategies for solving complex problems. Your strategic planning skills can help you develop effective solutions and improve your ability to lead teams.

Financial Analysis: Financial analysis is the process of evaluating a company’s financial data to determine its financial health. Senior associates in accounting often use this skill to help companies make informed business decisions. For example, a senior associate might review a company’s financial statements to determine if it has enough cash to pay its employees or suppliers.

KPMG Senior Associate Work Environment

KPMG Senior Associates typically work in an office environment, but may also travel to client sites. They typically work 40 hours per week, but may be required to work additional hours to meet deadlines. Senior Associates are expected to be able to work independently and as part of a team. They must be able to handle multiple tasks and prioritize their work. They must also be able to work under pressure and handle stressful situations. Senior Associates must be able to communicate effectively with clients and colleagues. They must also be able to work with a variety of software programs and have a good understanding of accounting principles.

KPMG Senior Associate Trends

Here are three trends influencing how KPMG Senior Associate employees work.

Alternative Fee Arrangements

Alternative fee arrangements (AFAs) are becoming increasingly popular in the professional services industry. KPMG Senior Associates must understand how to effectively manage AFAs and ensure that their clients receive value for money.

AFAs provide an opportunity for firms to be more flexible with pricing, allowing them to better meet client needs. They also allow firms to focus on delivering quality outcomes rather than simply billing hours. As such, it is important for KPMG Senior Associates to have a good understanding of alternative fee structures and how they can benefit both the firm and its clients.

More Collaboration on Projects and Cases

As the business world continues to evolve, KPMG Senior Associates are increasingly expected to collaborate with colleagues and clients on projects and cases. This trend is driven by the need for more efficient and effective solutions that can be achieved through collaboration.

KPMG Senior Associates must now be able to work in teams, communicate effectively, and manage multiple stakeholders. They must also have a good understanding of technology and how it can be used to facilitate collaboration. As such, they must be comfortable using tools like Slack, Zoom, and Microsoft Teams to stay connected with their team members and clients.

The ability to collaborate successfully will become even more important as businesses continue to embrace digital transformation and remote working becomes the norm.

Client-Facing Opportunities

As the business world continues to evolve, KPMG Senior Associates are increasingly being asked to take on client-facing roles. This trend is driven by the need for more personalized services and solutions that can be tailored to each individual client’s needs.

KPMG Senior Associates must have a deep understanding of their clients’ businesses in order to provide effective advice and guidance. They must also possess strong communication skills and an ability to build relationships with clients. As such, they must be able to think strategically and creatively when it comes to problem solving.

Client-facing opportunities allow KPMG Senior Associates to gain valuable experience working directly with clients and developing long-term relationships. It also provides them with the opportunity to develop their own personal brand and reputation within the industry.

Advancement Prospects

Senior associates at KPMG have the opportunity to advance to the position of manager. Managers are responsible for leading teams of associates and senior associates on client engagements. They are also responsible for developing and maintaining relationships with clients, as well as providing guidance and direction to their teams. To advance to the position of manager, senior associates must demonstrate strong leadership skills, technical expertise, and the ability to manage multiple projects and teams. They must also have a strong understanding of KPMG’s core values and culture.

Interview Questions

Here are five common KPMG Senior Associate interview questions and answers.

1. How much experience do you have working in teams?

Working in a team is an important part of the accounting industry. Employers ask this question to make sure you have experience working with others and collaborating on projects. Use your answer to explain what makes you a good team member. Share some examples of how you worked well with others in previous roles.

Example: “I’ve always been someone who enjoys teamwork. I find that it’s more efficient to work together than alone, especially when there are multiple tasks to complete. In my last role as a senior accountant, I was responsible for managing a team of junior accountants. We met once a week to discuss our progress and any challenges we were facing. This helped us all stay accountable for our work and learn from each other.”

2. What is your experience with using SAP?

SAP is a software program that helps businesses manage their finances. It’s also used by many large companies, including KPMG. Your answer should show the interviewer your experience with SAP and how you can use it to benefit the company.

Example: “I have worked with SAP for five years now. I started out as an intern at a small business where we used SAP to keep track of our financial records. As my career progressed, I moved on to work at larger companies that also used SAP. This has given me valuable experience in using SAP to help clients manage their finances.”

3. What was the most complex project that you have worked on so far?

This question can help the interviewer gain insight into your experience and skills. When answering this question, it can be beneficial to highlight a project that you were successful in completing while also highlighting your abilities as an accountant.

Example: “The most complex project I have worked on so far was when my team and I had to audit a large corporation’s financial records for three consecutive years. This task required us to analyze thousands of documents each year, which took a lot of time and effort. However, we managed to complete the audits within the company’s deadline every year, which helped them maintain their reputation.”

4. Why do you want to work at KPMG?

This question is an opportunity to show your enthusiasm for the role and company. It also gives you a chance to talk about what attracted you to this particular job posting. When answering, it can be helpful to mention specific aspects of KPMG that interest you, such as its mission or values.

Example: “I want to work at KPMG because I am passionate about helping businesses succeed. In my previous roles, I have helped companies develop strategies to improve their bottom line. I believe that KPMG’s focus on client service makes it a great place to continue developing my skills in this area. I am excited by the prospect of working with a team of professionals who are committed to providing quality services.”

5. How would you go about implementing a new software system to an existing business model?

This question is an opportunity to show your ability to work with a team and apply your analytical skills. Use examples from previous experience implementing new software systems or processes to help the interviewer understand how you would approach this task.

Example: “In my last role, I helped implement a new system for tracking client accounts that was more efficient than our current system. The first step was to create a plan of action with my manager and other senior associates on how we were going to go about the implementation process. We then met with each department head to discuss what changes they needed to make in their daily operations to accommodate the new system. After training all employees on the new system, we implemented it companywide.”