JOB SUMMARY:
The Internal Audit Manager is responsible for performing and managing internal audits, as part of the total internal audit plan. Responsibilities for this position include performing risk assessments, developing audit scopes, executing internal audit procedures, and preparing and reviewing internal audit reports reflecting the results of the work performed. Work performed will include coverage of various corporate and divisional business units and will focus on financial and operational processes. The Internal Audit Manager performs follow-up on the status of outstanding internal audit issues. This position also prepares periodic reporting and presentations for the Audit Committee, assists with the development of the annual internal audit plan, and champions internal control and corporate governance concepts throughout the organization. The Internal Audit Manager executes audits including testing and when required directs and reviews work performed by other internal audit personnel or co-source resources.
ESSENTIAL DUTIES & RESPONSIBILITIES:
This job description represents only the primary areas of responsibility; specific position assignments will vary depending on the needs of the department.
To perform the job successfully, an individual must be able to execute each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Essential duties and responsibilities should be listed in the order of importance/majority of time spent.
- Examines and evaluates the adequacy and effectiveness of internal controls, both financial and operational. This includes leading the efforts to implement proper control frameworks for acquired companies.
- Executes projects assigned on the annual internal audit plan approved by the Audit Committee.
- Performs internal controls over financial reporting (ICFR) reviews in direct support of the company's ongoing global compliance with the provisions of the Sarbanes-Oxley Act (SOX).
- Documents testing workpapers in accordance with the department’s workpaper standards.
- Identifies observations, findings and control deficiencies and develop remediation plans.
- Provides appropriate direction and coaching to other internal audit team members.
- Exhibits the leadership skills needed to sell ideas and obtain management buy-in for recommendations.
- Executes quality and provides accountability for audit deliverables.
- Participates in special projects, including acquisition due diligence, fraud investigations and other special assignments as requested by the Director and or Senior Manager, Internal Audit or Audit Committee Chair.
- Performs other duties of a similar nature and level as assigned.
EDUCATION AND EXPERIENCE:
A Bachelor’s Degree in Accounting, Finance, Economics, or a related field and 7 plus years of experience; or an equivalent combination of education and experience sufficient to successfully perform the essential duties of the job such as those listed above. Advanced degree preferred. 7 plus years of direct audit experience required. Excellent verbal and written communication skills to effectively present to peers, management, and the Audit Committee. Proficient in using computer software (e.g., Microsoft Office Suite). Expert knowledge of financial processes and related controls. Expert knowledge of internal auditing standards, PCAOB requirements and COSO framework. Expert knowledge of audit principles, SEC rules and regulations and US GAAP. Highly adaptable and able to work independently or as part of a team, with limited required direction and guidance. Experience performing/managing multiple projects and working with varying team members. Experience conducting performance reviews and developing internal auditors. Prior experience in the Engineering design, and/or commercial industrial manufacturing industry is helpful.
LICENSING/CERTIFICATIONS:
· CPA/CIA/CISA or other professional designation preferred.
