Senior Associate - Assurance (REES)

Line of Service

Assurance

Industry/Sector

Not Applicable

Specialism

Assurance

Management Level

Senior Associate

Job Description & Summary

As a Senior Associate in our Assurance REES team, you will lead important parts of financial statement audits for clients in real estate and energy services, including oil and gas. You will take ownership of assigned audit areas from planning to completion, guide junior team members and build trusted relationships with clients. You will apply sound professional judgement to complex contracts, asset valuations and significant accounting estimates, raise issues early and help the team use data and technology to deliver high-quality work. In everything you do, you will follow PwC’s quality, independence and ethical requirements.

Key accountabilities

• Plan and lead assigned sections of financial statement audits, including risk assessment, testing, review of evidence and completion of audit documentation. 
• Understand each client’s business model, project lifecycle, contracts, systems and controls, and identify risks that may affect financial reporting and the audit. Tailor procedures to the client’s activities rather than applying every sector topic to every engagement. 
• For real estate engagements, assess property classification, investment property valuations, rental income and lease terms. Challenge valuation assumptions and supporting evidence, working with valuation specialists where appropriate. 
• For property development engagements, test revenue recognition at a point in time or over time based on contractual terms, measures of progress, estimated costs to complete, contract assets and liabilities, and the recoverability of development inventories. Assess capitalised development and borrowing costs where relevant. 
• For energy services and oilfield services engagements, review service, engineering and construction contracts, including performance obligations, progress measures, contract modifications, variable consideration and loss-making contracts. Test revenue cut-off and recoverability of receivables and contract assets. 
• For oil and gas engagements, where relevant to the client’s operations, assess exploration and evaluation expenditure, development cost capitalisation, reserves-based depletion, production-sharing arrangements and joint operations. Evaluate the reliability of underlying operational data and involve technical specialists as needed. 
• Test the recognition, capitalisation, depreciation and impairment of properties, plant, equipment and other long-lived assets. Challenge cash-flow forecasts and key assumptions, including commodity prices, utilisation, project costs and discount rates, as relevant. 
• Assess decommissioning, restoration and environmental provisions, including the completeness of obligations and the evidence supporting estimated costs, timing and discounting, where relevant. 
• Review joint arrangements, group structures, related-party transactions, financing and lease arrangements, going-concern assessments and related disclosures. Consider how market conditions and climate-related risks affect financial statement estimates and disclosures where material. 
• Coordinate day-to-day fieldwork, track progress against agreed timelines and raise emerging issues promptly with the engagement manager. 
• Review work prepared by Associates, provide practical coaching and make sure review points are resolved properly and on time. 
• Communicate clearly and professionally with client teams and prepare concise summaries of findings for managers, directors and partners. 
• Use data, analytics and audit technology to improve audit focus, consistency and documentation quality. Support engagement administration, including independence checks, confirmations, information requests, file completion and archiving. 
• Contribute to team learning, recruitment and practice initiatives, and share relevant real estate and energy sector knowledge with colleagues. 

• Key working relationships 
• Client finance, internal audit, operations, property management, project and engineering teams, and risk, compliance and environmental teams where relevant 
• Engagement partners, directors, managers and audit team members 
• PwC specialists in areas such as valuation, tax, technology and sustainability, and client-appointed property valuers or reserves and engineering experts where relevant 

Minimum years experience required

• A recognised degree in from a recognised institution;

• A recognised professional qualification, ACCA / ICAEW / MICPA or CPA Australia or active progress towards one;

• At least two years of relevant external audit experience, including meaningful exposure to real estate, energy services or oil and gas clients;

• Sound knowledge of financial reporting and auditing requirements, with the ability to identify and explain audit risks clearly;

• Ability to evaluate complex contracts, asset valuations and significant accounting estimates relevant to the assigned sector. Familiarity with property development, investment properties, energy service contracts or oil and gas accounting is an advantage; expertise across every subsector is not expected;

• Experience supervising or coaching junior team members and reviewing audit work;

• Strong analytical skills, professional judgement and attention to detail, including the ability to challenge management assumptions and assess specialist evidence;

• Clear written and spoken English. Bahasa Malaysia and other language skills are useful where relevant to client work;

• Able to manage competing deadlines, work well with others and stay calm during busy periods;

• Comfortable using audit technology, spreadsheets and data-analysis tools, with a willingness to learn new tools;

• Willing and able to undertake client-site work and travel within Malaysia, with overseas travel where required by the engagement. Site work may include visits to properties, project sites and energy facilities, subject to client access requirements, appropriate safety training and applicable health and safety procedures. Travel frequency and arrangements will be discussed based on engagement needs.

Additional application instructions

• Please attach the following documents along with your CV when you submit an online application:
  • Academic Certificates and Transcripts, from SPM (or equivalent) onwards
  • A copy of your NRIC or passport
  • Recent passport size photo

Education (if blank, degree and/or field of study not specified)

Degrees/Field of Study required:

Degrees/Field of Study preferred:

Certifications (if blank, certifications not specified)

Required Skills

Optional Skills

Accepting Feedback, Accepting Feedback, Accounting and Financial Reporting Standards, Accounting Policies, Active Listening, AI Fluency, AI-Human Collaboration, Analytical Thinking, Artificial Intelligence (AI) Platform, Auditing, Auditing Methodologies, Client Management, Communication, Compliance Auditing, Complying With Regulations, Creativity, Data Analysis and Interpretation, Data Ingestion, Data Modeling, Data Quality, Data Security, Data Transformation, Data Visualization, Digital Tooling, Embracing Change {+ 27 more}

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Available for Work Visa Sponsorship?

Government Clearance Required?

Job Posting End Date

December 31, 2027