PURPOSE OF THE POSITION: The Financial Controls Audit Manager provides a key role in the internal audit function and is primarily responsible for leading a team in the execution of the annual SOX audit plan including but not limited the review, testing, analysis, evaluation, and conclusion over the design and effectiveness of the Company's internal controls over financial reporting. This position will also be responsible for identifying and facilitating the implementation of process improvements and the reporting of all findings, deficiencies, and remediation plans identified through process monitoring, internal reviews, or external examinations. This position is expected to be hands-on in all aspects of project planning and execution of SOX activities to ensure all business risks are anticipated, identified, recognized, and appropriately managed. This position interacts with mid-to-senior level management to discuss audit findings and recommendations intended to improve business practices.
(Top 5 should cover 80% of the important job functions)
- Work independently, within a team, or lead a team in the planning and execution of the day-to-day Sarbanes-Oxley (SOX) compliance efforts.
- Perform the annual SOX risk assessment and determine in-scope controls for testing.
- Evaluate internal controls at the entity level utilizing the COSO 2013 framework.
- Manage process owners in maintaining and updating the process narratives/flowcharts as well as ensuring the appropriate / sufficient evidence of controls.
- Develop and maintain a detailed understanding of all processes related to assigned business area.
- Partner and coordinate with the IT Audit Manager on the identification of relevant systems and application controls for in-scope processes.
- Manage internal control testing plans. Ensure testing plans are executed within the agreed-upon timeline and updated to reflect issues identified during testing and additional controls established as remediation.
- Obtain and review audit evidence ensuring conclusions are well-documented and fully supported.
- Ensure audit conclusions are based upon a complete understanding of the process, ITGCs, application controls, circumstances, and risk to the organization.
- Prepare written recommendations that are relevant, practical, and effectively address and corrects areas of control concern and communicate findings to process owners.
- Lead sessions to discuss testing procedures and findings with process owners. Partner with the process owners to develop remediation plans to address internal control deficiencies and failures arising from the testing process.
- Follow up on deficiencies to assess the adequacy of corrective actions.
- Monitor processes to ensure changes impacting financial/regulatory reporting are appropriately identified and assessed.
- Provide progress updates to the Director of Internal Audit and process owners on documentation status, control testing and deficiency evaluation and remediation.
- Supervise staff and/or consultants assigned to SOX audit engagements and provide leadership, guidance and direction for all areas that are associated with the audit project deliverables. Communicate assigned tasks to the engagement team in a manner that is clear and concise, ensuring high quality, accurate, and efficient audit results.
- Build effective relationships with process owners and senior management to stay abreast of activities within the Company's operations for consideration in risk assessment exercises and audit planning activities.
- Collaborate and coordinate with the external auditor on the SOX strategy and testing to optimize reliance opportunities.
- Educate management and process owners by leading training sessions to demonstrate compliance requirements and share hot topics in SOX compliance.
(Other important duties/responsibilities)
- Perform special reviews, restaurant and franchise audits, and operational audits.
- Assist with the development of the annual audit plan, including the on-going identification and assessment of the Company's key risks.
- Identify and implement ideas for improving department processes and procedures
- Maintain up-to-date knowledge of changes to relevant guidance (e.g., Sarbanes-Oxley Act of 2002 and PCAOB Audit Standards, GAAP).
- Remain current and increase knowledge in the areas of accounting, auditing and internal audit assessment methodologies and frameworks (COSO, IPPF) utilizing self-study and/or continuing education.
- Perform other job responsibilities and duties as assigned by department leadership).
- Bachelor's degree in Accounting or Finance.
- Certified as a CPA or CIA.
- At least 5 years of meaningful experience in auditing or public accounting and at least 2 years of supervisory experience.
- Comprehensive understanding of internal auditing, GAAP, PCAOB standards, and Sarbanes Oxley, and COSO Framework.
- Excellent communication skills, both oral and written; able to express complex ideas in simple terms; well-developed interpersonal skills, including the ability to challenge; very strong analytical and quantitative skills; ability to rapidly assimilate knowledge of processes and systems.
- Strong organizational and time management skills; ability to independently complete and manage multiple assignments with varying deadlines.
- Possesses strong intellectual curiosity and business acumen. Must be a self-starter.
- Proficiency in Microsoft Office applications.
- Ability to work additional hours as needed and travel up to 15% required.
PREFERRED KNOWLEDGE, SKILLS, OR ABILITIES:
- Big 4/Public accounting experience.
- Exposure to auditing of ITGCs and application controls.
- Food service industry experience.
- Experience using WDesk Internal Controls platform.
- Experience using Oracle ERP financial system.
- Experience in data analytics.
- Additional certification as a CISA.
Functionally: 2-5 (depending on the specific Internal Audit project)