Job Description
- Implement internal controls over financial reporting (ICFR) standards and COSO internal control framework
- Develop and update key controls documentation, including process flowcharts, process narratives, risk and controls matrices as well as evaluating and assessing the impact of new systems or major process changes on the internal control system.
- Assess control and governance environment and document results and provide advice in respect of handling control deficiencies and related remediation plans.
- Oversee financial control activities including ICFR compliance and testing, policies and procedures and periodic reporting.
- Identify process gaps and accordingly provide recommendations in areas requiring improvement based on industry best practices.
- Conduct and oversee process and control walkthroughs including test of design and operating effectiveness, and suggest controls to improve the internal control framework
- Support and oversee the team in conducting periodic risk assessment, and internal control scoping.
- Monitor changes in COSO framework, SRFS standards, and IFRS and align the internal controls program to the revised standards/ guidelines.
- Organize and conduct learning sessions developing knowledge sharing forums with other functions within the organization.
- Identify control gaps and effectively communicate findings and recommendations for control redesign to key stakeholders and senior management.
- Proficiency in major ERP tools is essential, along with a strong working knowledge of established control frameworks such as COSO and key accounting regulations like IFRS guidelines
- Plan, develop, and coordinate execution of all phases of ICFR compliance.
- Perform walkthroughs to identify/validate key controls including entity-level, IT general and automated process level controls.Develop test procedures, coordinate execution of testing, and reporting of results to Management.
- Contribute towards training and development of content and resources for knowledge sharing related to ICFR.
- Involve in and contribute to other ad-hoc projects as they may arise.
- Assist in responding to internal and external audit recommendations and implementing corrective action.
- Keep abreast with latest SEC regulations, SFRS pronouncements, and other SOX related updates.
- Understanding of risk management standards and approaches to conduct annual risk assessment and scoping activity
- Preferably, candidate is able to conduct IT risk assessment and scoping, detailed IT process and control design walkthroughs and meticulous testing of controls and able to prepare preliminary findings, analyze alternative approaches and to present findings to management.
- Preferably, candidate is able to evaluate and analyze data pertaining to information systems functions.
- Preferably, candidate is able to understand, document, and test complex business and IT processes.
Requirements
- Bachelor’s Degree in Accounting, Masters Degree is desirable.
- Professional Certificate: CPA (USA ONLY) or preferably ACCA or Chartered Accountant trained from Big 4 (CIA is preferred but optional)
- A minimum of 10 years of relevant experience is expected, ideally with a background in a Big 4 accounting firm or a large global organization
- Internal Audit experience in an accounting firm (e.g. PwC, Deloitte, E&Y, GT, KPMG)
- Experience in Internal Controls over Financial Reporting (ICFR) and & local SFRS and local compliance knowledge
- A deep understanding of critical business process cycles, including Order to Cash, Procurement to Pay, Payroll (Hire to Retire), Supply Chain, Build to Dispose, and the associated risks and controls. An in-depth familiarity with risk and control matrices (RCMs) and internal control testing procedures is required.
- Extensive experience in managing large end-to-end Internal Controls programs, including expertise in developing, maintaining and monitoring risk registers under ERM (Enterprise Risk Management), risk assessment, scoping, testing, remediation, reporting, and continuous improvement
- Experience in drafting and reviewing policy and procedure documents related to governance and the delivery of internal control programs is also highly valued.
- Required knowledge and application of SAP systems, controls and related cybersecurity processes including automated systems controls supporting business processes in SAP.
