GENERAL PURPOSE OF THE JOB:
The Head of Internal Controls is responsible for monitoring and
improving, as needed, the Company's internal controls over
financial reporting under SOX and the NAIC Model Audit Rule, as
well as non-SOX business controls; and additionally assists in the
design of controls as new processes/systems are implemented or
existing processes are changed/updated. The incumbent provides
control expertise and consultation to key functional areas of the
Company, working closely with key executives and internal audit to
conduct management's assessment of internal controls, and serving
as primary point of contact with internal and external auditors in
conducting control testing and coordinating efforts; including
identifying deficiencies, and working with the appropriate business
leaders to develop a plan for remediation and mitigation. The
incumbent is responsible for building out a team to establish
standards of quality and consistency for the enterprise-wide
internal control function.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
+ Oversees the control framework at the company (both SOX and
non-SOX controls), evaluating the soundness, adequacy and
effectiveness of key financial and operational controls; provides
risk and controls-based consultative support.
+ Sets standards for control design and execution and
documentation of controls to drive consistency throughout the
+ Works with business representatives in each department to
ensure appropriate controls are in place and designed appropriately
to manage risk.
+ Evaluates the design and performance of internal controls
through the execution of control evaluations.
+ Completes control evaluations, escalates deficiencies and
leads proposed resolution plans including controls around new or
changing processes, etc.
+ Assists in or completes reviews of SOC 1 reports and assists
business units with establishment of user controls to address user
control considerations in SOC 1 reports.
+ Directs or participates in the development and enhancement of
processes, systems, procedures and controls throughout the company
and its business units, with the emphasis on reducing risk and
minimizing liability while ensuring operational controls run
efficiently and are effective.
+ Assists business process owners/departments with documentation
as needed and serves as key resource for process owners/departments
on questions related to controls.
+ Develops strategies and tactics to drive efficiencies in
testing by internal and external auditors.
+ Supports and coordinates with the Risk team in the review and
evaluation of risks and controls.
+ Conducts "pre-audit" reviews of key controls to ensure
quality, adherence to standards and reduce the risk of control
+ Builds out formal attestation process for process
owners/departments with significant control responsibilities.
+ Leads a diverse team of employees with responsibility for
managing the employee life cycle and experience, including but not
limited to, selection and retention of talent, continuous feedback
and performance management, reward and recognition, corrective
action and employee development.
+ Reviews and interprets regulations and provides technical
+ Collaborates with other members of the Finance team to align
departmental strategy or direction with the overall goals of the
+ Establishes department functional policies, practices, and
procedures and oversees and implements process improvement
+ Accountable for prudent management of departmental expenses by
establishing and monitoring a department budget in accordance with
+ Performs other related work as assigned.
Small team of internal control analysts TBD.
General Description of Indirect Reports (2 and 3-downs):
EDUCATION AND/OR EXPERIENCE:
Bachelor's degree in Accounting, Finance or related field of
study; plus ten (10) years of progressively responsible related
internal controls or audit experience; or equivalent combination of
education and/or experience.
Experience in public accounting strongly preferred.
Prior supervisory experience beneficial.
CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:
Certified Public Accountant (CPA) or Certified Internal Auditor
(CIA) designation preferred.
KNOWLEDGE, SKILLS AND ABILITIES:
+ Thorough understanding and demonstrated experience with the
+ General knowledge of industry standards and best practices
around control evaluations and risk management processes.
+ Proficiency with risk types, methodologies and frameworks for
evaluating or testing controls and assessing results, conducting
research, and identifying control deficiencies.
+ Comprehensive knowledge of auditing practices and
+ Highly motivated and demonstrated ability to take
+ Strong understanding of business process and risk.
+ Ability to influence in absence of formal reporting
relationships and inspire confidence throughout the
+ Understanding of industry related laws, rules and regulations
impacting financial and nonfinancial controls.
+ Strong customer service orientation.
+ Effective verbal and written communication skills, including
ability to effectively respond to data requests from
external/internal auditors, internal departments, etc.
+ Strong attention to detail.
+ Ability to work cooperatively and successfully with employees,
customers, and other outside third parties.
+ Strong organizational and planning skills.
+ Proficient in the use of MicroSoft Office Suite.
+ Ability to write reports, business correspondence, and
+ Ability to effectively present information and respond to
+ Ability to read, analyze, and interpret general business
periodicals, professional journals and technical/operational
+ Ability to define problems, collect data, establish facts, and
draw valid conclusions.
+ Ability to solve practical problems and deal with a variety of
concrete variables in situations where only limited standardization
+ Ability to successfully handle pressure and meet deadlines in
a fast-paced work environment.