Director of Internal Audit

The key role of this position is to provide senior management and shareholders with assurance as to the adequacy, effectiveness, and efficiency of internal financial, operational and information technology by independently assessing the design and operating effectiveness of the control environment. Additionally, the role includes planning, managing, and performing financial, operational and information technology audits of the Company's global operations per the Company and regulatory requirements.

1. 1. Review & approval of annual company risk assessment (financial & operational risks) to create the annual Internal Audit work plan and all international installations with a continuous improvement mentality.
   2. Updates to company annual risk assessment and changes to annual audit plan, if any.
   3. Review & approval of annual internal audit plan for upcoming year, including sites & processes to be audited along with selection criteria, updated Risks & Controls Matrices, staffing, and IA budget.
   4. Prepare annual budget, maintain oversight, review, and provide recommendations to the Board
   5. Participate in and lead audit projects which encompass complex accounting and operational processes. Complete various audit steps of program to appraise the soundness, adequacy and application of accounting, financial and operating controls.
   6. Serve as a key contributor to the development and revision of policies and procedures for the business, ensuring such policies and procedures are compliant with US GAAP and local GAAP. Train the global organization on such policies and procedures as relevant.
   7. This role is expected to independently lead and execute risk assessments, develop the audit plan, complete such audit and assessment activities, and lead continuous improvement of the control environment for efficiency and effectiveness. The position reports to the CFO and interacts with the Audit Committee.
   8. Review of annual CEO and CFO Financial Statement & Internal Control Certifications
   9. Review and a report any exceptions noted in annual certifications by regional business & financial leadership and company assessment of such.
   10. Assist with annual review of Ethics, Code of Conduct and FCPA training completion and effectiveness
   11. Investigate, resolve, and provide updates/conclusions on all fraud, ethics, compliance Updates should conclude investigation summary, containment, mitigation & action plans.
   
   
   

   PRINCIPAL ACCOUNTABILITIES FOR DIRECTOR OF AUDIT:

   
   
   1. Applies analytical skills to identify control and operational risks, and derive root cause.
   2. Makes and recommends decisions based on factual and objective analysis.
   3. Be a hands-on leader, willing to roll-up his/her sleeves to work through detailed analyses, while at the same time being able to effectively interface with the senior leadership of the business.
   4. Have the ability to identify key issues and focus his/her efforts where they are most needed.
   5. Monitor and implement internal controls as necessary to ensure reporting integrity, safeguarding of company assets, and risk identification.
   6. Review and report status of updating company policies/procedures, including highlighting key controls, for global deployment
   7. Review summary of control self-assessments by risk rating, prioritized rated risk areas and mitigation status
   8. Creates additional analyses and reports and performs all other duties as requested by management and supervisor.
   9. Identify control weaknesses, exceptions, and deficiencies in operations.
   10. Develop audit conclusions, prepare written reports, and conduct oral presentations and recommendations to senior management.
   11. Participate in and manage the timely and effective completion of assigned audits, including the delivery of output. Review the thoroughness of work papers and update management on progress.
   12. Prepare monthly, quarterly, and annual reports for management and others on audit findings and control issues, track open findings/issues, ensure accountability and ownership of resolution, and follow up to ensure mitigation is effective & timely.
   13. Present an independent assessment of business risk, internal controls, and the efficiency/adequacy of business processes to Executive Leadership Team and extended management team and ultimately the Audit Committee for approval of the annual audit plan.
   14. Build relationships with management across the organization by proactive and collaborative interaction to ensure that audit and business risk management needs are addressed in a cost-effective and efficient manner.
   15. Deliver practical solutions. Aid the business in solving control deficiencies and business process complexities most effectively and efficiently based on career experience and knowledge of the business.
   16. Interface directly with the Audit Committee on the status of the Company's control function and compliance quarterly.
   17. Prepare quarterly and annual reports and participate in quarterly and annual meetings with the Audit Committee discussing risk assessment, audit plan, audit results, remediation efforts, and overall IA function's plan.
   18. Maintain an effective working relationship with external auditors, including audit assistance where relevant for efficiency and cost savings. Coordinate internal audit activities with those of external auditors to ensure appropriate audit coverage, efficiency for the organization in managing external audits and prevent surprises from external audits.
   19. Recruit, train and develop an outstanding, results-oriented, cost-effective internal audit team, including managing the Internal Audit co-source provider from negotiation of services contract, ensuring adequate resource coverage, overseeing all audit teams, and building & maintaining Company-specific expertise among the provider team.
   
   
   

   MINIMUM REQUIREMENTS

   1. Seasoned, results-oriented leader with experience in the overall accountability for performing risk assessments, determining adequacy of audit coverage to monitor internal controls and risk mitigation, planning, and executing financial, operational and IT audits across the global organization.
   1. Prior experience required in assisting in the development, implementation, and continuous training of key internal controls.
   2. CPA and MBA desired.
   3. 10 years relevant work experience, including public accounting and/or internal audit experience at manager level. Experience performing audits within a manufacturing environment required and in a CPG environment is a plus
   4. Strong computer skills including Excel & Hyperion.
   1. A strong background in IT internal controls, the COSO framework and US GAAP.
   1. Strong analytical and problem-solving skills with the ability to effectively resolve issues of a complex nature.
   2. Strong verbal, written, and presentation skills.
   3. Have a demonstrated ability to analyze business results and situations to help leadership understand, anticipate, and address issues and opportunities as early as possible
   4. Have a high level of intellectual curiosity and an innate ability to dissect complex problems and grasp disparate business models quickly.
   5. Be a simplification champion for the business.
   6. Manage processes well and effectively prioritize tasks to meet deadlines.
   7. Conduct self with an air of confidence and maturity, be fair-minded, be a strong role model, and be willing to challenge peers and superiors in a firm, yet constructive manner.
   8. Demonstrated track record of being a valued, trusted business partner to the organization.
   9. Have impeccable integrity and strength of character.
   10. Willing to travel 50% of the time, including international travel.
   
   

Current Openings for Director of Internal Audit Jobs at Wahl Clipper Corporation