Internal Controls Analysts – Senior #IN1300
Required skills
- Internal Controls
- GAAP
- SOX
- Process Improvement
- Financial Accounting
- Risk Management
- ERP Systems
- SAP
- Oracle
- Variance Analysis
Nice to have
- IT
- Project Management
Role summary
The Senior Internal Controls Analyst is responsible for conducting business process and internal control reviews, and collaborating with business units to implement improvements. This role involves evaluating accounting standards for GAAP compliance, assessing accounting implications for the business, and communicating findings to stakeholders. The analyst will review and update internal control documentation, prepare financial process maps and controls matrices, and work with IT and project management on Internal Controls Systems solutions. Key responsibilities include supporting SOX auditors, resolving financial accounting policy issues, leading process improvement initiatives, identifying risks and control gaps, developing risk management plans, and reporting to management on asset utilization and audit results. The role also entails documenting internal controls, assisting end-users with reporting and training, verifying report accuracy, developing remediation plans for financial reporting risks, and maintaining financial information systems and databases, including ERP systems like SAP/Oracle, and performing variance analysis.
Responsible for performing business process and internal control reviews, and partnering with the business to implement process and internal control improvements. Evaluate accounting standards to record transactions in compliance with GAAP (General Accepted Accounting Principles) and assess the accounting requirements and objectives to determine the implications on the business and communicate to stakeholders. Review internal control documentation to ensure that it is accurate and up-to-date. Collaborate with finance leaders and subject matter experts within the business unit or organization to support information needs of the business. Prepare complex financial process maps and controls matrices. Work cross-functionally with IT and project management specialists to develop, test, and deliver Internal Controls Systems solutions. Work with SOX (Sarbanes-Oxley) auditors to track audit findings and assist the work team with resolving financial accounting policy issues. Participate in leading process improvement initiatives to enhance accounting and internal control systems. Evaluate business processes to identify risks and internal control gaps and develop risk management plans by applying internal control framework to address the risks. Report to management about asset utilization and audit results, and recommend changes in operations and financial activities. Identify, evaluate, and document internal controls in a business process and utilize extensive knowledge of the company’s approach to internal controls to assist end-user in developing customized reports and ad hoc analysis and to train end-users in order to expedite adoption of new system solutions. Perform complex duties related to reviewing the preparation and analysis of financial information to record transactions. Verify accuracy of reports given by team members for review. Assess internal controls and develop remediation plans to mitigate financial reporting risks and respond to changing business needs. Prepare and analyze accounting records, financial statements, and other financial reports to assess completeness and conformance to reporting and procedural standards. Develop business and financial information systems and maintain data in information systems and databases. Utilize ERP systems (SAP/Oracle) and perform Variance Analysis, comparing actual results to budget and forecast and identifying key drivers and deviations of business results.
Originally posted on Himalayas
