Principal Internal Controls over Financial Reporting Analyst

Overview

To provide internal control guidance, evaluate control effectiveness, and recommend improvements to control-related practices. Research and establish new practices to ensure credit union control alignment with Section 404 of the Sarbanes Oxley Act (SOX). Work closely with key business partners to understand processes, financial statement risks, and key financial controls to reduce the risk of financial misstatement. Collaborate with business units to mitigate risk by virtue of new control-centric processes and automation. Responsible for gathering data, creating reports, documenting and assessing Internal Control over Financial Reporting (ICFR), and producing evidence of control operational and design effectiveness for facilitate the delivery of auditable evidence to internal and external auditors. Lead complex/unusual tasks of considerable impact that require advances analysis.

Responsibilities

• Lead multi-disciplinary control initiatives to evaluate controls and ultimately transform any control gaps into mature control environments
• Evaluate the design and operational performance of existing controls and devise remediation strategies that align control design and performance with the appropriate risk mitigation methodology
• Lead the design, implementation, and ongoing enhancement of the ICFR issues management framework.
• Ensure the framework is commensurate with SOX-like regulatory expectations and industry best practices.
• Oversee the end-to-end lifecycle of ICFR-related issues, including identification, documentation, root cause analysis, risk assessment, remediation planning, and closure.
• Review results from control and substantive testing to facilitate the remediation of control gaps and escalate possible critical issues to senior management
• Develop and deliver dashboards, reports, and insights to senior leadership and stakeholders
• Assist with the end-to-end review of SOC 1 Type 2 reports to assess the design and operating effectiveness of service provider controls.
• Analyze and document Complementary User Entity Controls (CUECs) and map them to internal control activities.
• Partner with external and internal auditors establish audit scope, evidence, priorities and testing procedures that will serve as the foundation for the subsequent audit execution strategy
• Identify industry best practices associated with risk management and develop subordinate qualitative and quantitative methodologies needed to address those risks using effective controls
• Develop and maintain strategic plans to evaluate new risk and/or control-based technologies likely to have a significant future impact on team activity
• Lead project teams that resolve highly technical and complex preventative, detective, or corrective control problems
• Serve as resource for the resolution of complex and/or unique problems Lead
• Lead, guide and mentor junior staff
• Solve control-related business problems by defining the problem, interviewing stakeholders, identifying and evaluating alternatives, and presenting findings
• Identify business areas that may benefit from SOX 404 or industry best practices as applicable
• Perform other related duties as assigned

Qualifications

• Advanced knowledge of SOX including GAAP principles, financial reporting controls and risk governance
• Significant experience re-designing processes to be consistent with SOX 404 guidance and partnering with business unit personnel to complete the transformation
• Significant experience assessing SSAE18/SOC 1 Type II reports including Complementary User Entity Controls (CUECs)
• Extensive experience in issues management including determining root cause, scope and scale of issues
• Significant in leading large projects/initiatives which have business risk and impact
• Extensive experience in managing multiple priorities independently and/or in a team environment to achieve goals
• Experience in leading, guiding and coaching professional staff
• Extensive experience that demonstrates the ability to research, compile, and document data, business processes, and workflow
• Advanced skill presenting to stakeholders & management
• Expert skill interpreting and synthesizing large amounts of information
• Advanced skill in project management to include establishing and leading project teams; managing timelines/deadlines/resources; ensuring successful project implementation
• Advanced skill analyzing and organizing problems or work processes for technical solutions
• Advanced skill presenting findings, conclusions, alternatives and information clearly and concisely
• Advanced skill interacting with staff, management, vendors and members diplomatically and tactfully
• Bachelor's degree in Accounting, or related field, or the equivalent combination of experience, education and training

Desired Qualifications

• Certified Public Accountant (CPA) designation, or Certified Internal Auditor (CIA) designation

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Lane, Vienna, VA 22180

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