Internal Controls over Financial Reporting Analyst I - ICFR Governance

Overview

To assist in providing internal control guidance, evaluate control effectiveness, and recommend improvements to control- related practices commensurate of a mature Internal Controls over Financial Reporting (ICFR) program. Work closely with the Lead Financial Statement Risk Analyst, Financial Statement Risk Analyst II and key business partners to understand high risk processes, financial statement risks, and key controls to reduce the risk of financial misstatement. Responsible for gathering data, creating reports, documenting, and assessing Internal Controls over Financial Reporting (ICFR), and executing control assessments (design and operating effectiveness).

Responsibilities

• Assist in supporting all aspects of the Internal Controls over Financial Reporting (ICFR) governance program
• Support multi-disciplinary control initiatives to evaluate controls and ultimately transform any control gaps into mature control environments
• Support the evaluation of the operational performance of existing controls and devise remediation strategies that align control performance with the appropriate risk mitigation methodology
• Gather and review existing policies, process narratives, and process models / flowcharts to develop insight into the current state of business processes
• Support the activities related to partnership with external and internal auditors to establish audit scope, evidence, priorities, and testing procedures that will serve as the foundation for the subsequent audit execution strategy
• Support the design, development, and implementation of Key Control Matrices (KCMs) that summarize a broad range of business processes into a control-centric and executive-ready audit deliverable
• Support the creation of remediation plans for existing ICFR related Information Technology General Controls (ITGCs) to address control gaps in design effectiveness
• Review and update controls documentation (e.g., process narratives, process models /flowcharts, and Key Control Matrices (KCMs) as needed to ensure accuracy and completeness
• Research industry best practices associated with risk management and ICFR
• Support the review of results from control assessments and communicate/escalate critical issues to Management
• Track and monitor controls and documentation using the GRC Tool
• Support development of Key Performance Indicators (KPIs) and Reporting
• Support problem solving of control-related business issues by defining the problem, interviewing stakeholders, identifying, and evaluating alternatives, and presenting findings
• Perform other duties as assigned

Qualifications

• Experience with Internal Controls over Financial Reporting (ICFR)
• Knowledge of SOX including GAAP principles, financial statement preparation and audit lifecycle and internal accounting controls
• Experience re-designing processes and identifying controls gaps to be consistent with a mature ICFR program
• Experience with extracting and documenting business process controls and information technology application and general controls (e.g., access controls list, change controls, segregation of duties, etc.)
• Experience assessing the design and operating effectiveness of key controls
• Experience in problem resolution including determining root cause, scope, and scale of issues
• Effective experience in managing multiple priorities independently and/or in a team environment to achieve goals
• Experience that demonstrates the ability to research, compile, and document data, business processes, and workflow
• Effective skills interacting and communicating with multiple stakeholders & management
• Effective skill interpreting and synthesizing large amounts of information
• Effective skill in project management to include managing timelines/deadlines/key project milestones
• Effective skill presenting findings, conclusions, alternatives, and information clearly and concisely
• Effective 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

• Advanced knowledge of Navy Federal's functions, philosophy, operations and organizational objectives

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

Location: 820 Follin Lane, Vienna, VA 22180

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