Own the design, implementation, documentation, assessment, and monitoring internal control framework, including company policies and key risks to ensure that the company has adequate controls to prevent unintentional and intentional errors in financial reporting, processes, and business operations.
Formulate policies and procedures to improve internal controls, compliance, and efficiency.
Deliver adequate and timely reporting on the internal control framework and control deficiencies to ensure appropriate communication, documentation, and escalation to the Management and Board where necessary.
Deliver adequate and timely action plans and monitor progress to address and resolve control deficiencies.
Work collaboratively with business and process owners to implement and monitor remediation efforts that result from internal control assessments, ensuring the effective implementation of corrective action.
Actively seek standardization and automation, apply and implement best practices for managing internal controls, and deploy innovative technology where possible to enhance and continuously improve the design and operating effectiveness of the controls, documentation, assessment, and review procedure
Develop and implement the compliance model required for a retail business to operate within acceptable standards.
Conduct research to identify new regulations passed by state or federal governing bodies.
Monitor the company’s financial activities to ensure they are legal and in compliance with internal and external company policies.
Initiate or recommend an investigative process in response to complaints of policy or procedural violation.
Conduct internal audits prior to an external audit to ensure company policies and operations are up to standard.
Monitor the operations and procedures of the different stores to ensure overall compliance.
Carry out assessments to identify areas of potential compliance risks to implement preventive/corrective strategies to address compliance issues.
Provide reports on a regular basis to the board to keep them updated on the progress of compliance operations.
Organize compliance programs to educate company staff on recent and already existing compliance requirements.
Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability, and compliance with all applicable directives and regulations.
Determine internal audit scope and develop annual plans.
Obtain, analyze, and evaluate accounting documentation, previous reports, data, flowcharts, etc.
Act as an objective source of independent advice to ensure validity and corporate goal achievement.
Identify loopholes and recommend risk aversion measures and cost savings.
Maintain open communication with management and the audit committee. Document process and prepare audit findings memorandum
Engage in continuous knowledge development regarding operational rules, regulations, best practices, tools, techniques, and performance standards.
Experience
Internal Audit, Compliance and Risk: 5 years (Required)
7+ years in a management role and 5+ years of public accounting experience preferred.
Application controls in financial risk assessment and related audits are essential
Requires a strong business acumen with the ability to translate risk concepts into practical application considering business context and prudent management principles
Ability to assimilate information quickly and identify risk for further analysis
Possesses a strong foundation in risk and controls and can apply concepts to any process regardless of specialization or area being evaluated including both manual and systematic processes
Coordination and monitoring of Finance policy implementations License/Certification:
