Job Summary
The Internal Controls Specialist will be responsible for developing, coordinating and executing compliance related programs and activities, including training and readiness initiatives across the organization relating to internal controls. This position will work closely with different functions and organizations in Cirrus. The Internal Controls Specialist is part of the Accounting & Finance organization.
Duties and Responsibilities/Essential Functions
- Develop and maintain an Internal Control framework and create/update the Risk and Control Matrices.
- Perform an annual control rationalization exercise to re-evaluate the existing controls to assess which controls are truly necessary to address risks identified, standardize, identify control gaps, and remove duplication.
- Lead the annual process walkthroughs with management to create and/or refresh process flowcharts and design evaluation.
- Consolidate and analyze ICFR deficiencies for completeness, accuracy, and systemic trends, summarizing and presenting results.
- Develop and conduct periodic training for management on internal controls while targeting common root causes for control failures.
- Serve as an Internal Controls subject matter expert for the organization which includes building an understanding of future-state processes and providing recommendation on control design. Identify improvement opportunities and work effectively with senior management to develop reasonable and actionable plans for achievement
- Manage, evaluate and monitor compliance with policies and procedures across Cirrus using auditing/testing methods to increase organizational efficiencies and maintain internal controls.
- Evaluate and perform reviews and gap analysis on key business processes
- Develop and track remediation recommendations to the business to correct control deficiencies. Establish strong partnerships with business partners to monitor the remediation plan identified by Internal Audit and External Auditors.
- Provide consultation guidance to the business on business policy, compliance matters and process controls
- Proactively promote the highest standards of ethics and standards based on the principles of integrity, objectivity, competence and confidentiality
- Support and participate in corporate governance activities including the risk management process
- Support the external audit process
- Maintain the compliance records and databases including process narratives, process flowcharts, risk and control matrices.
Qualifications
To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
- Bachelors degree in accounting or finance
- Minimum of 5 to 7 years public accounting/auditing experience is required, and SOX experience is a plus
- CIA or CPA certification preferred
- Excellent interpersonal skills
- Strong attention to detail
- Exceptional problem-solving skills, accounting principles knowledge, documentation skills, research and resolution skills, data analysis and multi-tasking skills
- Ability to prepare internal control assessments and appropriately represent risk and control information
- Demonstrated ability to meet deadlines
- Ability to communicate effectively verbally and in writing
- Information Technology experience/familiarity including ERP, Data Analysis & Reporting Tools, Microsoft Office and Powers suite, Visio etc.
- Experience in writing internal policies and procedures, process evaluation and documentation
Competencies
To perform the job successfully, an individual should demonstrate the following competencies:
- Communicates Effectively: Develops and delivers multi-mode communications that convey a clear understanding of the unique needs of different audiences.
- Financial Acumen: Interprets and applies understanding of key financial indicators to make better business decisions.
- Ensures Accountability: Holds self and others accountable to meet commitments.
- Collaborates: Builds partnerships and works collaboratively with others to meet shared objectives.
- Instills Trust Gains the confidence and trust of others through honestly, integrity, and authenticity.
- Being Resilient: Rebounds from setbacks and adversity when facing difficult situations.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice. Work beyond 40 hours per week may be required.
Cirrus is dedicated to a drug free work environment promoting equal employment opportunity. Qualified applicants will receive consideration for employment without regard to race, sex, national origin, color, age, disability, religion, pregnancy, veteran status, marital and family status, sexual orientation, receipt of public assistance, genetic information or any other characteristic protected by applicable law.
