What Does a KPMG Senior Associate – Advisory Do?

KPMG is a global network of professional services firms providing audit, tax, and advisory services. KPMG is one of the Big Four accounting firms and is known for its commitment to quality and integrity.

A Senior Associate – Advisory at KPMG is responsible for providing clients with strategic advice and guidance on a variety of topics. This includes helping clients develop and implement strategies to improve their operations, manage risk, and increase profitability. Senior Associates also provide financial analysis and modeling, as well as advice on mergers and acquisitions. They must have strong communication and problem-solving skills in order to effectively advise clients.

KPMG Senior Associate – Advisory Job Duties

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

• Lead and manage client engagements, including planning, execution, reporting, and delivery of projects
• Develop strong relationships with clients to ensure successful project completion
• Analyze complex business problems and provide innovative solutions to meet the needs of our clients
• Utilize data analytics tools to identify trends and insights from large datasets
• Prepare financial statements, reports, and other documents for review by senior management
• Participate in internal meetings to discuss progress on projects and develop strategies for improvement
• Provide guidance and mentorship to junior associates
• Assist in developing proposals and presentations for potential new clients
• Monitor industry developments and changes in regulations that may affect KPMG’s services
• Manage multiple tasks simultaneously while meeting deadlines
• Remain current on technical accounting issues and research topics as needed
• Collaborate with colleagues across different departments to ensure a cohesive approach to problem-solving

KPMG Senior Associate – Advisory Salary

The salary of a Senior Associate – Advisory at KPMG is determined by a number of factors, including the individual’s experience, qualifications, and performance. The company also takes into account the local market rate for similar positions, the cost of living in the area, and the individual’s skillset. In addition, the company may consider the individual’s level of responsibility and the potential for career advancement.

• Median Annual Salary: $98,905 ($47.55/hour)
• Top 10% Annual Salary: $117,600 ($56.54/hour)

KPMG Senior Associate – Advisory Job Requirements

To be hired as a Senior Associate – Advisory at KPMG, applicants must have a minimum of a bachelor’s degree in accounting, finance, or a related field. Additionally, applicants must have at least two years of experience in a professional services environment, preferably in a public accounting firm. Candidates must also have a CPA license or be actively pursuing one.

KPMG also requires that applicants have strong analytical and problem-solving skills, as well as excellent communication and interpersonal skills. Additionally, applicants must be able to work independently and as part of a team, and have the ability to manage multiple projects and deadlines. Knowledge of accounting and auditing standards, as well as experience with financial statement analysis, is also preferred.

KPMG Senior Associate – Advisory Skills

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

Communication Skills: Communication skills are essential for any business associate, as they allow you to convey information to clients and colleagues in a clear and concise manner. Effective communication skills can help you build trust with clients and colleagues, as you can share information with them in a way that they understand.

Leadership Skills: Leadership skills are also important in a senior associate role. As a senior associate, you may be responsible for managing junior associates and interns. Leadership skills can help you to manage a team effectively and ensure that everyone is working toward the same goals.

Business Acumen: Business acumen is the ability to understand the needs of a business and how to meet those needs. Senior associates in consulting firms like KPMG use their business acumen to help clients make informed decisions about their business. For example, a senior associate might help a client understand the financial implications of a decision and how to make the best decision for their business.

Teamwork: Working in a team can help you develop your skills as a senior associate. As a senior associate, you may be responsible for leading a team of junior associates. This can help you develop your leadership skills and teach you how to delegate tasks. You may also work with senior associates and managers to develop strategies for clients.

Problem Solving: Problem solving is the ability to identify and address issues. As a senior associate, you may be expected to lead meetings and provide solutions to client issues. You may also be responsible for identifying issues and finding ways to resolve them.

KPMG Senior Associate – Advisory Work Environment

KPMG Senior Associates in the Advisory department typically work in an office environment, with occasional travel to client sites. The work is often project-based, with tight deadlines and long hours. Senior Associates are expected to work independently and as part of a team, and must be able to manage their own workload and prioritize tasks. They must also be able to work under pressure and handle multiple tasks simultaneously. Senior Associates must be able to communicate effectively with clients and colleagues, and must be able to think critically and solve problems. They must also be able to work with a variety of software programs and databases.

KPMG Senior Associate – Advisory Trends

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

Automation and AI Adoption

Automation and AI adoption are becoming increasingly important for KPMG Senior Associates in the Advisory field. Automation is being used to streamline processes, reduce costs, and improve accuracy. AI can be used to identify patterns and trends that may not have been previously visible, allowing for more informed decisions.

KPMG Senior Associates must understand how automation and AI can be leveraged to provide better insights into their clients’ businesses. They must also be able to assess the potential risks associated with these technologies and develop strategies to mitigate them. By understanding the implications of automation and AI, KPMG Senior Associates will be well-positioned to help their clients make the most of these emerging technologies.

Digital Business Transformation

Digital business transformation is a key trend in the advisory space, as organizations look to leverage technology and data to drive innovation. KPMG Senior Associates are expected to understand how digital technologies can be used to create value for clients. This includes understanding the impact of emerging technologies such as artificial intelligence (AI), blockchain, cloud computing, and robotics on businesses.

KPMG Senior Associates must also have an understanding of the implications of digital transformation on organizational structures, processes, and culture. They should be able to identify opportunities for improvement and develop strategies to help clients achieve their goals. As digital transformation continues to evolve, it is important for KPMG Senior Associates to stay up-to-date with the latest trends and best practices.

Data-Driven Decision Making

Data-driven decision making is becoming increasingly important for KPMG Senior Associates in the Advisory field. With access to more data than ever before, it’s essential that Senior Associates are able to interpret and analyze this data to make informed decisions. This requires a deep understanding of analytics tools and techniques, as well as an ability to identify patterns and trends in large datasets.

Data-driven decision making also involves using predictive analytics to anticipate future outcomes and develop strategies accordingly. By leveraging data-driven insights, Senior Associates can provide their clients with valuable advice on how to optimize operations and maximize profits. As such, it’s critical that Senior Associates stay up-to-date on the latest developments in data science and analytics.

Advancement Prospects

Senior Associates at KPMG Advisory have the opportunity to advance to Manager, Senior Manager, and Director positions. As they progress, they will take on more responsibility and gain more experience in the field. They may also be given the opportunity to work on more complex projects and take on more leadership roles. With the right combination of experience and qualifications, Senior Associates may even be able to move up to Partner or Principal positions.

Interview Questions

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

1. Give me an example of something you failed at.

This question is a great way to learn more about the candidate’s ability to overcome challenges. It also shows that you’re willing to be honest and admit your mistakes, which can help show employers that you’re open to feedback and improvement.

Example: “When I first started my career as an accountant, I was working on a project for a client who needed financial information by a certain date. I worked hard to get all of the information together in time, but when I turned it in, I realized there were some errors. I immediately contacted my supervisor and explained what happened. She helped me fix the issue and resubmit the report. The client was happy with the final product.”

2. Explain some of your previous experiences that helped develop your analytical skills.

This question can help the interviewer gain insight into your analytical skills and how you’ve developed them over time. You can use this opportunity to highlight any unique experiences that helped develop your analytical abilities, such as working with a mentor or taking an advanced course in accounting.

Example: “In my previous role as a senior accountant for a small business, I had the opportunity to work closely with my manager on several projects. She was very knowledgeable about her craft and always encouraged me to ask questions when I didn’t understand something. This experience taught me the importance of asking questions and seeking out mentors who can provide guidance.”

3. Have you ever worked with clients from different cultures?

This question can help interviewers understand how you adapt to different cultures and work with clients from all over the world. Use your answer to highlight any experience you have working with a diverse group of people, including cultural differences or language barriers.

Example: “I’ve worked with clients from many different countries in my career, which has helped me develop skills for adapting to new environments. In one instance, I was working on an audit for a client who spoke very little English. My team and I had to find ways to communicate with this client without using too much jargon so they could understand what we were doing and provide feedback. We also learned some basic phrases in their native language to make them feel more comfortable.”

4. Why consulting?

This question is a great way to show your passion for the accounting industry. It also allows you to explain why you chose KPMG as an employer. When answering this question, it can be beneficial to mention any specific experiences that led you to choose this career path.

Example: “Ever since I was young, I have always been interested in numbers and how they work together. My parents were both accountants, so I grew up around the field. In high school, I took several business classes and really enjoyed them. After graduating, I decided to pursue my bachelor’s degree in accounting. During my time at university, I had the opportunity to intern with KPMG. This experience made me realize that this was the right company for me.”

5. How would you describe your leadership style?

This question can help the interviewer determine how you would fit into their team. Your leadership style is a reflection of your values and beliefs, so it’s important to be honest about what kind of leader you are.

Example: “I believe in being an empathetic leader who encourages my team members to develop their skills and talents. I’m also someone who believes in giving constructive feedback when necessary. In my last role, I had two senior associates on my team, and I was always sure to give them positive reinforcement for their work while also providing helpful suggestions for improvement.”