Ernst & Young
Take a look inside….
17 March 2011
Our organization
Ernst & Young: 5 global areas
►
AMERICAS
►
►
FAR EAST
►
EMEIA
144 000 people
700 offices
140 countries, divided in 5 operational areas
The leading share in our priority market
segments
EMEIA- Europe Middle East India & Africa
► 60 000 people
► 87 countries
JAPAN
OCEANIA
Bulgaria
► 190 people
► 5 nationalities
30 Month 2009
Page 3
Ernst & Young
CSE sub-area: united in diversity
Diverse on Diversity
4 diverse predominant religions
• More than 20 languages
• Catholic Christianity
• Over 20 nationalities
• Lutheran Christianity
• 2 time zones
• Orthodox Christianity
• Independent from 90 to 15 years
• Sunni Islam
CSE sub-area: united in diversity
EU Membership
NATO membership
• EU member states (13)Text
• NATO member states (12)
• EU candidates (3)
• Non-NATO member states (7)
• Non-EU states (3)
30 Month 2009
Page 4
Ernst & Young
CSE Highlights
►
►
►
►
Turnover of over USD 600 million
More than 5,650 people
218 Partners
Encompass the following 19 countries
GDP (PPP)
3.161 USD bln
Population
214,5 mln
Area
2.301.609 km²
Albania / 11 people
Macedonia / 25 people
Bosnia & Herzegovina / n.a.
Malta / 82 people
Bulgaria / 190 people
Moldova / 35 people
Croatia / 95 people
Montenegro / n.a.
Cyprus / 141 people
Poland / 1207 people
Czech Republic / 554 people
Romania / 416 people
Estonia / 115 people
Serbia / 107 people
Greece / 549 people
Slovakia / 179 people
Hungary / 497 people
Slovenia / 82 people
Latvia / 171 people
Turkey / 620 people
Lithuania / 240 people
Source: People & Places database
30 Month 2009
Page 5
Ernst & Young
Ernst & Young in Bulgaria
►
►
►
Ernst & Young operates in Bulgaria since 1992
Combination with Andersen in 2002 resulted in a new
Ernst & Young firm
Today: a leading professional services firm
•
•
•
•
190 professionals
Continuous high growth
Significant market share
Part of Ernst & Young Global
30 Month 2009
Page 6
Ernst & Young
Our services
Service lines
►
Assurance Services
►
Advisory Business Services
►
Tax Advisory and Compliance Services
►
Transaction Advisory Services
30 Month 2009
Page 8
Ernst & Young
Assurance: The audit and more
Our largest professional services line
►
International clients
►
Diverse industries
►
Leader in the profession
Quality assurance . . .
►
Financial statement attestation
►
Internal control reporting
30 April 2009
Page 9
Ernst & Young
Audit objective
To express an opinion on the financial statements:
« True and fair view »
►
►
►
►
Audit of Financial Statements
Audit Related Services
Due diligences
Special reports
When performing an audit, we also provide valuable recommendation
our Clients or express an opinion on the financial statements.
30 April 2009
Page 10
Ernst & Young
Tax Services
►
Provide integrated Tax services to clients
►
Optimization of client’s tax situation
►
Advise on the international tax implication of acquisitions, including
private equity and real estate
►
Ensure administrative follow-up of companies with regard to their
tax
obligations
30 Month 2009
Page 11
Ernst & Young
Tax Services
International / Transaction Tax
(ITS/TT)
►
International tax planning
►
Tax efficient financing
►
Transaction Tax
►
Corporate Advisory Services
►
► Expatriates tax planning
►
Business Tax Services (BTS)
►
Local tax planning
►
Local tax risk advisory
►
Local Tax Accounting
►
Local tax compliance
30 April 2009
Page 12
Ernst & Young
Human Capital
►
►
Individual tax and SS advice
►
Individual tax compliance
Indirect Tax
►
VAT/Customs/Excise advice
►
Indirect tax planning
►
Indirect tax compliance
Law and financial accounting
Transaction Advisory Services:
Professional services at a different level
Transaction Support: Buy and sell-side due diligence (financial, tax, IT, legal) and postclose assistance
Transaction Tax: Buy and Sell-side structuring & due diligence and post-deal integration
Valuations & Business Modeling: Business, shares and intangible assets valuation,
Financial Reporting valuations, Strategic Finance advisory (business planning,
forecasting, investment appraisals and feasibility studies). Business Modeling.
Mergers & Acquisitions: Identification and assessment of merger, acquisition and joint
venture opportunities. Structuring and negotiating transactions, bids, evaluating
alternatives.
Restructuring: Working capital management, advising on short-term requirements and
methods of crisis stabilization. Providing independent review (strategic and financial),
designing the restructuring/turnaround plan
Project Finance: Sourcing of finance, financial modeling and model audit, Bid coordination, preparation and documentation. Support in negotiations towards financial
close
Transaction Integration: Integration Accelerator®, Carve-Out Accelerator®, Readiness
and Effectiveness Assessment Dealworks®
30 April 2009
Page 13
Ernst & Young
Your career with us
EYU makes sure our people develop the right
competencies
The components of EYU - experiences, learning,
coaching – help develop the proficiency of your
competencies
The mix of Experiences, Learning and Coaching will
change as you progress
►
Experiences
►
►
Learning
►
►
Business and community activities as well as on the job
training
Training, WBL and class-room sessions
Coaching
►
Processes, tools and techniques to support and stimulate
career development
30 April 2009
Page 15
Ernst & Young
Ernst & Young’s commitment to learning and
career development
Formal and Informal Learning opportunities
Knowledge Sharing Infrastructure
Professional Qualifications (ACCA, CIA, CISA, CFA, etc.)
EY Methodology Training
Soft Skills Training
Performance Management Process
Formal Career Counseling Program
Multi Source Feedback / 360o Program
30 April 2009
Page 16
Ernst & Young
EYU helps you build your competencies
throughout your career
Mix of
EYU
Level of
competencies
100%
5
4
3
Competencies
2
1
0%
Learning
Experiences
Competencies
Coaching
30 April 2009
Page 17
Ernst & Young
Expected Competencies
Manage verbal and written communication in Bulgarian and English
Manager Risk and Quality
Maintain Professional Expertise
Strive for Excellence
Leverage Technology Resources Effectively
Build Rapport
Collect and Interpret Information
Understand internal controls, related concepts and principles
Demonstrate knowledge in primary accounting framework (e.g. US
GAAP,Other Domestic or IFRS) and in related financial reporting
matters
Demonstrate knowledge in data analysis tools
30 April 2009
Page 18
Ernst & Young
Counseling process
Aimed to optimize our employees’ development and growth
An experienced person facilitates the development of a junior colleague
Benefit to:
► The individual
► The counselor
► The firm
30 April 2009
Page 19
Ernst & Young
Career development - mobility
Diverse opportunities
► Across industries and service lines
► New experience across variety of clients assignments
International programmes
► Short term within EMEIA-New Horizons
► Long term within the international EY network-Global Exchange program
30 April 2009
Page 20
Ernst & Young
Career opportunities
Partner
Senior Manager
Manager
clients and complex
projects
► Coordination of several
► Client support
projects at the same time
► Coordination of several
projects at the same time ► Product responsibility
► Business development
► Project responsibility
► Business development
Senior
Assistant
► Project management
► Project work
► Assistant coordination
► Preparation of reports
on location
► Management of major
on location
and appraisals
► Responsibility
at an early stage
Intensive training on and off the job
Targeted further education by international training
30 April 2009
Page 21
Ernst & Young
►
►
►
►
Client support
Strategy development
Corporate governance
Business development
What we are looking for
Requirements
►
►
►
►
Undergraduate degree in relevant field
Communication skills
English and local language
IT proficiency
Key Characteristics
►
►
►
►
►
►
Team-player
Leadership skills
High sense of motivation
Desire never to stop learning
Flexibility
Integrity
30 April 2009
Page 22
Ernst & Young
What we stand for
Achieving Potential –
Making a difference
At Ernst & Young we’re committed to helping
our people, our clients and our wider
communities achieve their potential. It’s how
we make a difference.
30 April 2009
Page 23
Ernst & Young
Achieving potential – a virtuous circle
Outstanding and happy
people
produce
attracts
High quality
drives
Market
leader
makes us
triggers
Profitable growth
30 April 2009
Page 24
Ernst & Young
Client
satisfaction
Our values
Our values statement –
who we are
►
People who demonstrate integrity,
respect, and teaming
►
People with energy, enthusiasm, and the
courage to lead
►
People who build relationships
based on doing the right thing
30 April 2009
Page 25
Ernst & Young
Questions
Mission?
Responsibilities?
Skills?
Trainings?
Life at work?
Our clients?
30 April 2009
Page 26
Ernst & Young
Contacts
Tel: + 359 2 8177100
Dimitrina.Vasileva@bg.ey.com
www. ey.com/careers