Left for a better work/life balance & increase in salary.
To be fair there are many benefits to working for a Big Four accounting firm. You will learn a ton of new information and you will grow as an employee. Employees get to work with many talented people. Not to mention a job at a Big Four looks great on your resume.
On the downside, if you look at the Best Places to work lists - you will find KPMG either listed below every other Big Four firm or completely absent from the list. Top management can make all the excuses they want but it comes down to two primary issues.
Management loves to take credit for success but blames underlings for failures. Either way you aren't going to share in the money pouring into the firm.
Second, management likes to play favorites and no one seems to be willing to reel these managers in. Companies need to be able to show why one employee was promoted over another and in many cases a halfway good lawyer could prove that this was not the case.
Over the years I watched countless talented employees jump ship to the other Big Four Accounting firms. As a result, many people who do remain and work up to Partner or Principal aren't the best and brightest.
If you find yourself working for this firm and want anything other than a very, very slow climb to the top - take as many classes as you can and constantly look for a position at one of the other Big Four Accounting firms. Many people I know jumped ship with their manager to a new firm and even entire departments have left together.
Points positifsexperience, training
Points négatifslong hours, high pressure, low salary, management plays favorites, hard to get promoted
Responsible for meeting with clients and management team on gathering financial documents to complete audits and reconciliation to prepare monthly invoices.
Work with client Accounts Payable and management staff to ensure cash collections are met and within the payment terms agreed upon by client.
Develop reporting tools and procedures to ensure financial data was accurately recorded timely.
Prepare quarterly reports to assist with project forecasting of over $26 million in revenue; work closely with management team to ensure financial data was recorded accurately and revenue goals were met and/or exceeded expectations.
Facilitated financial training workshops to Managing Directors and Managers to help develop the proper skills needed to increase revenue for the client. Conducted quarterly coaching classes for Managing Directors and Managers new to the segment.
Maintain financial updates and revision on behalf of client. Respond timely to client requests to complete various financial projects.
• Past Business Review & Complaints of Investment Sales for a large UK bank.
• Calculating redress for mis-sold investment products including bonds, pensions, ISAs, unit trusts, OEICs, trusts and annuities.
• Producing letters for customers detailing the review outcome and breakdowns of calculations performed for redress.
• Dealing with customer enquiries and complaint handling over phone whilst adhering to security and confidentiality regulations.
• Leading a team of graduates supporting them to meet and exceed targets as well as maintaining a high level of quality in work produced.
• Quality checking of work completed to ensure it meets FCA regulations and guidelines.
• Producing training materials including calculation methodologies and letter writing procedures for team members.
As what people may imagine Big 4 are doing Accounting everyday, but the truth is that it could be more than involved. By the first day I started my job, I read through the balance sheet and tried to get a whole picture of what I was going to do. That was one thing. The manager assigned me another job to get some proof from client's business agreement regarding to significance influence. It was more like consulting or advisory.
Productive and fun place to work; professional setting
On a typical day it is a productive and fun place to work with a very professional setting.
I learned how to be an effective and efficient employee.
Management is always available for assistance.
Hardest part of the job is dealing with volume, which can be overcome with prioritizing and finding efficiencies in processes.
Bid for work culture. Highly cut throat. Need to be connected to succeed. 60+ hour weeks. Vacation time use is highly discouraged. Advancement based on who you know. +60% turnover rate on new hires. HR approach is burn and churn.
Points positifsAn occasional free lunch
Points négatifsLong hours. Internally bid for work. Cut throat. Burn and churn HR system.
Do not work in K-CRC
No phones allowed
huge pressure in work
managemant is good
hardest part of the job is, if u are working in K-CRC then u do not have access to your mobile phones or any gadgets, very less breaks allowed, spoonfeeding kind of environment, very less overtime pay
most enjoyable part is that you can make good friends here. Thats it
KPMG is a great place to work. You are always treated with respect. If you have a family they are very family friendly. To the extreme point that if you are single you may not get the same benefits if you were married.
Points positifsGreat Job Experience
Points négatifsSalary not competative in Finance Department
My position was in-house, examining and accounting for the US consulting operations, lots of hours of course, lots of humility needed as learning curve is steep, if you stick to it you’ll be amazed at your professional growth