Multiquip Inc.

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Internal Audit Manager

Internal Audit Manager

Job ID 
2018-1340
Job Locations 
US-CA-Carson
Category 
Accounting/Finance
Type 
Regular Full-Time

More information about this job

Overview

The Internal Audit Manager (IAM) will primarily be responsible for the company's internal control program and International Financial Reporting Standard (“IFRS") reporting requirements. The IAM will be responsible for testing the financial controls and supporting financial control policies and procedures and helping to ensure that they are in compliance with Japanese Sarbanes-Oxley (“JSOX"). In addition, the IAM will be responsible for updating and maintaining the current work papers, process flows, risk control matrices, accounting policies and procedures and internal controls.

Responsibilities

  • Help to ensure that the internal control program is adequate and compliant with the relevant sections of JSOX
  • Review and evaluate critical financial processes such as Purchase to Pay and Order to Cash that have significant and material impact on the internal control over financial reporting
  • Conduct periodic walkthroughs of financial processes with process owners and site visits of plants
  • Use checklists, flowcharts, narratives, or memos to document the understanding of the key controls and activities performed. Ensure that Monarch (MQ’s internal JSOX software) is updated based on current flowcharts, narratives, and risk control matrices
  • Understand the workflow of process and use the results of the walkthrough to recommend areas of improvements and efficiencies. Upon management approval, implement strategies to induce recommended changes to eliminate non-valued-added activities and inefficiencies
  • Perform internal control audits of the company, including test of design and test of operating effectiveness of controls
  • Work with management, including IT Department and/or other key executives to ensure that appropriate internal controls at the company-level, financial reporting, closing level, and IT general control levels are in place and operating effectively
  • Test selected financial and business process controls in accordance with JSOX requirements of the parent company and document testing of samples and review process in Monarch
  • Prepare summary of findings and reports to management and parent companies. Recommend actions to mitigate identified control deficiencies and increase the adequacy, efficiency, and effectiveness of controls based on the risk identified
  • Review SAP reports of selected financial close and reporting controls, including journal entry postings and monthly cut-off
  • Assist in-house SAP team to comply with system security policies and procedures, specifically user access and segregation of duties
  • Determine SAP roles or job functions to assign based on requested SAP transaction codes and job responsibility to prevent unauthorized access or inappropriate system privilege
  • Review SAP reports of users with open access and extended system privilege
  • Respond to help desk tickets submitted by SAP client end-users to support and troubleshoot user authorization, administration, and other security-related issues
  • Assist external auditors in preliminary and year-end field work and be a liaison to streamline internal controls audit
  • Maintain and review accounting policies manuals and operational policies (i.e. ARG, RMAR, and Delegation of Authority). Regularly revise these manuals for current accounting standards updates, new processes, and updated authorities
  • Prepare various monthly, quarterly, and annual financial reporting packages in accordance to IFRS as requested by the parent companies
  • Assist in the research of new accounting pronouncements and non-standard transactions and analyze their impact on the company, as well as their impact on the existing internal controls program and IFRS
  • Provide ad hoc advice and guidance to managers and staff at all levels and, as needed, deliver courses and training sessions for continuing professional development
  • Perform other duties as assigned and assist in special projects as necessary

Qualifications

  • Bachelor’s degree in accounting; 5+ more years of relevant experience
  • Candidate should have knowledge of the requirements of Sarbanes-Oxley related experience in flowcharting, testing, and documentation
  • Experience performing financial audits and a working knowledge of COSO and GAAP
  • Experience in manufacturing or distribution organizations is preferred
  • Working knowledge of SAP or other ERP system is preferred
  • Professional accounting or Internal Audit Certification (CPA, CIA) is preferred