Internal Audit

Sparrow Company - Torrance, CA

PURPOSE OF ROLE

The IT Senior / Associate, Internal Audit will report to the Senior Manager, Internal Audit and is responsible for supporting and contributing to the planning and execution of independent and objective assurance and advisory services that are designed to add value and improve the effectiveness and efficiency of the global organization’s governance, risk management, and control processes.

KEY DUTIES & RESPONSIBILITIES

Corporate

  • Assists with the planning of the annual top-down, risk-based Sarbanes-Oxley (SOX) assessment.
  • Performs hands-on work to execute the annual SOX assessment review, including walkthroughs, testing, roll-forwards, reporting, and issue resolution.
  • Prepares and updates critical path process flow diagrams that clearly illustrate the respective business functions, internal control over financial reporting (ICOFR) phases, risks, and controls.
  • Executes and documents sound auditor judgment in selecting samples that are representative of the transaction population.
  • Gathers and evaluates sufficient audit evidence; fully considers management objectives, financial statement assertions, and control risks when determining level of assurance required by test procedures (i.e., nature, extent, and timing).
  • Assists with annual training of internal SOX customers to impart knowledge of the critical path process flow, risks, and key controls including spreadsheet / electronic audit evidence controls, control precision, and fraud considerations, including segregation of duties conflicts.
  • Generates work papers that are accurate, complete, clear, concise, and well organized in accordance with departmental work paper formats and standards.
  • Identifies and assesses control gaps and/or opportunities for control enhancements and formulates recommendations to Company management to strengthen controls and/or increase process efficiencies.
  • Timely notifies and consults with the Senior Manager, Internal Audit on potential or actual control gaps identified in either the design adequacy or operating effectiveness of key controls.
  • Assists with effective monitoring of, and follow-up on, control gap and enhancement recommendations.
  • Conducts comprehensive internal audits, which include evaluating adherence to corporate objectives and internal controls; identifying opportunities for improvement; and recommending corrective actions.
  • Creates effective engagement communications that are based on a sound evaluation of criteria, condition, cause, and effect, with recommendations on corrective action; strictly adheres to department communication distribution process.
  • Supports development of Company policies and procedures and monitors their implementation and continued operating effectiveness, as needed.
  • Supports preparations for external quality reviews.
  • Leads and performs other duties and special projects as needed.

Functional

  • Performs and documents work in accordance with the Internal Audit Manual and Institute of Internal Auditors professional standards.
  • Effectively collaborates with a geographically dispersed team to achieve functional objectives, while working independently as required.

     

    Individual

  • Engages in continuous learning and development to stay current on industry practices and trends.

     

    CORE COMPETENCIES

  • Analytical Thinking: critically evaluates and synthesizes complex information to inform a fact-based, data driven approach to problem solving.
  • Business Acumen: understands business implications of decisions; displays orientation to profitability; demonstrates knowledge of market and competition; aligns work with strategic goals.
  • Change Agility: applies different approaches and methods to best fit the situation; embraces and adapts to on-going changes in the environment by taking an active role in modeling new behaviors and/or providing guidance and support to help influence, build and maintain commitment to change.
  • Ethics: keeps commitments; works with integrity and ethically; upholds organizational values; adheres to professional protocols.
  • Project Management: develops project plans; coordinates projects; communicates change and progress; completes projects on time and on budget; manages audit team activities.
  • Team Work: balances team and individual responsibilities; exhibits objectivity and openness to views of others; gives and welcomes feedback; contributes to building a positive team spirit and morale; puts success of team above own interests; recognizes accomplishments of other team members.
  • Communication: speaks clearly and persuasively; actively listens and asks clarifying questions; participates and demonstrates comfort presenting ideas in meetings; writes clearly and articulates impact.

     

    REQUIREMENTS

  • Bachelor’s degree in an Information Technology field, Accounting or Finance required; Master’s degree a plus.
  • Certified Public Accountant, Certified Internal Auditor, and/or Certified Information Systems Auditor a plus.
  • 3+ years of experience in external or internal audit
  • Experience in financial / operational / IT internal controls (including Sarbanes-Oxley) engagements required.
  • Knowledge of the Sarbanes-Oxley Act and the Committee of Sponsoring Organizations (COSO) framework required; knowledge of the Control Objectives for Information and Related Technology (COBIT) framework a plus.
  • Working knowledge of Microsoft Suite applications and accounting software.
  • Experience with international and/or manufacturing operations desired.
  • Ability to travel within the US and internationally, including Tijuana, Mexico and Toronto, Canada.


Posted On: Wednesday, October 20, 2021
Compensation: $80,000.00 - $100,000.00



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