What are the responsibilities and job description for the Director of Internal Audit position at CMB Staffing Solutions?
This Director of SOX/Risk Advisory will lead the planning and execution of the substantive and internal control audits for the consolidated financial statements at HQ to ensure compliance with US GAAP and SEC requirements based out of Wallingford, CT (hybrid.)
Responsibilities:
● Assist the VP Internal Audit in developing a value-adding SOX audit function and safeguarding the Company’s financial integrity by ensuring compliance with financial regulations and accounting standards
● Leadership and oversight of the audit of the consolidated financial statements, in particular the Company’s SEC lings such as the quarterly 10-Q and annual 10-K lings Strategic Leadership and
SEC Compliance and Risk Management:
● Identify and assess financial and operating risks
● Review and document complex technical accounting and auditing topics/issues
● Develop and implements risk management strategies to ensure the Company’s risk framework aligns with SOX regulations
● Understand potential risk in business processes and transactions relating to accuracy and reliability of the SEC lings
● Review statutory financial statements, SEC lings and other regulatory documents to ensure compliance with applicable financial reporting standards and SEC regulations (including new accounting standards)
Audit Execution and Internal Control Evaluation:
● Plan, execute and supervise risk-based audit procedures and work plans to ensure the objectives of each audit are achieved (i.e., integrity and reliability of information, process eficiency and effectiveness, safeguarding of assets, compliance with laws, regulation, policies and procedures)
● Assess effectiveness of internal controls, identify and report weaknesses, deficiencies and/or areas of potential improvement
Reporting and analyzing the results:
● Prepare and present final audit reports to local and senior management to discuss areas of risk identified, processes weaknesses, areas of risk, recommendation to mitigate that risk
● Evaluate related action plans and process improvement opportunities
● Communicate effectively with internal and external stakeholders, including auditors, Executive, Division, and Group management
● Assist in building and maintaining a partnership with management to develop and maintain cost-effective, eficient systems of internal control
● Keep abreast of changes in financial reporting and SOX compliance regulations
● Spiced in there (15-20%) might be special projects like accounting advisory, operational audits, due diligence, acquisition integration, rationalization studies, process improvement initiatives, or act as finance controller on a temporary basis in our facilities when necessary
Qualifications:
● 10 years of experience in public accounting or a combination of public accounting and manufacturing industry experience.
Strong technical accounting skills in US GAAP and SEC regulations
● CPA required
● Excellent leadership abilities and experience managing an audit team
● Ability to research and evaluate complex and/or emerging accounting issues
● Strong analytical skills - ability to analyze and detect trends, issues or flaws; determine root case of issues; and partner with others to drive solutions