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Name: Jessica Samantha "JessSam" LiuLee

Age: 26 31

Education: Master's in Accounting from University of North Carolina MBA from UCLA Anderson School of Management, B.S. in Finance Supply Chain Management from Pennsylvania Arizona State University

Professional Background:

  • 2-4 7+ years of experience in public accounting, with a focus on audit and assurance servicesprocurement and sourcing, focusing on technology and software vendors.

  • Focus areas: Executing audit procedures, preparing workpapers, conducting fieldwork, and testing internal controlsVendor selection and evaluation, contract negotiation, cost optimization, supplier relationship management, and procurement process improvement.

  • Previous roles: Audit Associate Procurement Specialist at a technology company, Sourcing Analyst at a Big Four accounting consulting firm, Staff Accountant Buyer at a regional accounting firmretail organization.

  • Special certifications or skills: CPA candidate (actively pursuing certification), proficient in audit software and data analysis tools.

Industry: Accounting and Audit

Responsibilities:

  • Execute audit procedures under the supervision of Audit Managers and Seniors.

  • Prepare clear and concise audit workpapers that document the work performed and support audit conclusions.

  • Conduct fieldwork at client sites, including interviewing client personnel, testing internal controls, and reviewing financial records.

  • Identify and communicate potential audit issues and control deficiencies to supervisors.

  • Contribute to the preparation of audit reports and other deliverables.

Goals:

  • Develop strong audit skills and knowledge through hands-on experience and continuous learning.

  • Gain exposure to a variety of industries and audit areas.

  • Build strong relationships with colleagues and clients.

  • Progress in their career and achieve professional certifications (e.g., CPA).

Challenges:

  • Balancing multiple audit assignments with tight deadlines.

  • Adapting to different client environments and industries.

  • Dealing with complex accounting and audit concepts.

  • Communicating effectively with clients and senior team members.

Motivations:

  • Gaining valuable experience in the audit profession and building a foundation for a successful career.

  • Learning from experienced colleagues and mentors.

  • Contributing to the team's success and delivering high-quality client audit services.

  • Making a positive impact on the accuracy and reliability of financial reportingCertified Professional in Supply Management (CPSM), Certified Associate in Project Management (CAPM)

Industry: Varies depending on the organization's focus

Responsibilities:

  • Identify potential vendors and suppliers that can meet the organization's needs for goods and services.

  • Conduct thorough research and due diligence on potential vendors, including financial stability, reputation, and track record.

  • Lead the RFP (Request for Proposal) process, evaluating vendor proposals and negotiating contracts.

  • Manage vendor onboarding and ensure smooth integration with the organization's systems and processes.

  • Monitor vendor performance and compliance with contractual obligations.

Goals:

  • Identify and select the best vendors that offer the most value for the organization.

  • Negotiate favorable contract terms and pricing that optimize cost savings.

  • Build strong relationships with vendors based on trust and mutual respect.

  • Streamline the procurement process and improve efficiency.

  • Contribute to the organization's overall risk management and compliance efforts by ensuring that vendors meet all necessary requirements.

Challenges:

  • Balancing the need for cost savings with the need for quality and reliability.

  • Managing multiple vendor relationships and ensuring timely delivery of goods and services.

  • Navigating complex procurement processes and regulations.

  • Keeping up with the latest trends and technologies in procurement and supply chain management.

Motivations:

  • Finding the best deals and maximizing value for the organization.

  • Build strong relationships with vendors and become a trusted advisor.

  • Contributing to the organization's success by ensuring a reliable and efficient supply chain.

  • Developing a successful career in procurement and supply chain management.

Tech-Savviness:

  • Proficient in using audit software (e.g., ACL, IDEA), Microsoft Office suite, and data analysis tools.

  • Adaptable to new technologies and eager to learn new tools and techniques.

  • Open to using technology to improve audit efficiency and effectiveness.

  • e-procurement tools, vendor management platforms, and contract management systems.

  • Comfortable with data analysis and using it to inform procurement decisions.

  • Open to exploring new technologies, such as AI and machine learning, to optimize procurement processes.

Behavioral Traits:

  • Detail-oriented and organized, with a focus on accuracy and quality.

  • Eager to learn and willing to take on new challenges.

  • Team player and collaborative, able to work effectively with colleagues and clients.

  • Strong work ethic and commitment to meeting deadlines.

  • Inquisitive, seeking to understand the underlying reasons behind financial transactions and eventsstrong analytical and negotiation skills.

  • Results-oriented and focused on achieving cost savings and operational efficiency.

  • Excellent communicator and collaborator, able to build rapport with vendors and internal stakeholders.

  • Proactive and adaptable, able to respond quickly to changing business needs and market conditions.

Sources of Information:

  • Professional auditing standards and guidelines Industry publications and reports on procurement and supply chain management (e.g., PCAOB, AICPASupply Chain Dive, Supply Chain Quarterly).

  • Internal training materials and resources provided by the firm.

  • Mentorship and guidance from senior colleagues.

  • Online resources and forums for audit professionalsOnline resources and forums for procurement professionals.

  • Networking with other procurement specialists and attending industry events.

  • Vendor websites and marketing materials.

Quote:

"I'm excited about the opportunity to learn and grow in the audit profession. By working on diverse engagements and collaborating with experienced colleagues, I can develop the skills and knowledge needed to make a meaningful contribution to the fieldProcurement is more than just buying things; it's about strategically sourcing the right goods and services from suppliers to drive business success. By leveraging my expertise and building strong relationships, I can help the organization achieve its goals and create a competitive advantage."