The Hillman Group

  • Internal Audit Leader

    Job Locations US-OH-Cincinnati
    Posted Date 3 weeks ago(4/27/2018 10:09 AM)
    Requisition ID
    2018-2697
    # of Openings
    1
    Category (Portal Searching)
    Accounting/Finance
  • Overview

    The Internal Audit Leader will assist management and the Audit Committee of the Board of Directors (“Audit Committee”) in effectively discharging their responsibilities by providing independent, objective assurance and consulting services designed to add value and improve the organization’s operations, internal controls, and financial performance. The scope of work of the Internal Audit Department is to determine whether the organization’s risk management, internal control and governance processes, as designed and represented by management, are adequate and functioning such that the Audit Committee and management have reasonable assurance that:

     

    • Organizational objectives support and align with Hillman’s mission and the organizational programs, plans, and objectives are achieved by management
    • Risks are appropriately identified and managed and that relevant risk information is captured and communicated in a timely manner across the organization, enabling staff, management and the board to carry out their responsibilities
    • Identification, scoping and testing of key controls and completion of the control assessment as required by Sarbanes-Oxley
    • Interaction with various governance groups occurs as needed
    • Significant financial, managerial, and operating information is accurate, reliable and timely
    • Employees’ actions are in compliance with policies, standards, procedures, and applicable laws and regulations
    • Resources are acquired economically, used efficiently, and adequately protected
    • Quality and continuous improvement are fostered in the organization’s control process
    • Significant legislative or regulatory issues impacting the organization are recognized and addressed appropriately

    Responsibilities

    Key Result Areas (KRAs):

    The Director, Internal Audit is responsible for ensuring that the requirements of the Hillman Group Internal Audit Charter are satisfied and that audits are conducted in accordance with the Code of Ethics and the Standards.

     

     

    1. Risk Assessment

    • Conduct an annual risk assessment and establish an annual risk-based internal audit plan to determine the priorities of the internal audit function, consistent with the Hillman Group’s goals.
    • Plan and design financial, operational, and information technology audit programs, covering key risks and controls.

     

    • Measure and evaluate the effectiveness and efficiency of business practices and operations, the reliability of financial reporting, the process for deterring and investigating fraud, and the safeguarding of company assets.
    • Examine and evaluate financial and information systems, management procedures and managerial and internal controls to ensure records and controls are accurate.

     

    2. Audit Policies and Procedures

    • Establish and enforce policies and procedures to guide Internal Audit.
    • Monitor company operations and financial systems and evaluate their efficiency, effectiveness and compliance with internal corporate policies and procedures, Sarbanes-Oxley, and other applicable external laws and government regulations.

     

    3. Audit Committee

    • Ensure internal audit plan and any special task or projects requested/approved by the Audit Committee are executed efficiently, effectively and timely with proficiency and due professional care.
    • Issue periodic internal audit updates to management and the Audit Committee. Report significant issues related to the processes for controlling the activities of the organization and its affiliates, including potential improvements to those processes, and provide information concerning such issues through resolution. Opportunities for improving management control, profitability and the organizations image identified during audits will be communicated to the appropriate level of management.

     

      • Assist in the investigation of significant suspected fraudulent activities within the organization and notify management and the Audit Committee of the results. Present the Internal Audit Charter annually to the Audit Committee for approval. The charter must include Internal Audit’s purpose, authority and responsibility to senior management and the Audit Committee.    
      • Provide senior management and the Audit Committee an annual assessment on the adequacy and effectiveness of the organization’s processes for controlling its activities and managing its risk exposures and control issues, including fraud and governance issues.
      • Present a proposed audit plan and resource requirements annually for approval by the Audit Committee. 
      • Provide a quarterly update to the Audit Committee and senior management that includes:
        • The status of audit projects and outstanding audit issues. 
        • A copy of audit reports completed during the quarter and an overview of the conclusion and significant findings. 
      • Keep senior management and the Audit Committee informed of emerging risks and trends, including successful practices in internal auditing.
    • Discuss the Definition of Internal Auditing, the Code of Ethics, and the Standards, and any material changes, with senior management and the Audit Committee annually.

     

     

    4. General Oversite (Run the business)

    • Ensure the internal audit has resources with the required knowledge, skills, competencies, and professional certifications and that they are effectively deployed and supervised to meet the requirements of this Charter and annual audit plan.       
    • Share information and coordinate with other internal and external providers of assurance and consulting services to ensure proper coverage and minimize duplicate efforts.
    • Participate in re-engineering efforts, conducting merger and acquisition due diligence and performing special projects as requested by management.
    • Ensure communications are accurate, objective, clear, concise, constructive, complete and timely and that audit results are communicated to the appropriate parties based on the appropriate analyses and evaluations.
    • Maintain a system to monitor disposition of results communicated to management.
    • Develop and maintain a quality assurance and improvement program that covers all aspects of the internal audit function.
    • Performance relative to plan, including significant interim changes and sufficiency of department resources.

    Qualifications

    Education:

    • Certified Public Accountant (CPA)
    • Certified Internal Auditor (CIA) preferred
    • Bachelor’s degree in Finance or Accounting

     

    Qualifications:

    • Ability to communicate with all levels of staff and management to achieve internal audit objectives
    • Excellent written and verbal communication skills
    • Knowledge of and skill in applying the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by the Institute of Internal Auditors, accounting principle and practices, and ethical business practices.
    • Strong knowledge of GAAP, GAAS and the COSO internal control framework.
    • Knowledge of information systems terminology, concepts and practices.
    • Skill in collecting and analyzing complex data, evaluating information and drawing logical conclusions.
    • Skill in planning and project management, and in maintaining composure under pressure while meeting multiple deadlines on concurrent projects.
    • Skill in conflict management and in negotiating issues and resolving problems.
    • Skill in using a computer with word processing, spreadsheet applications or other business software to prepare reports, memos, summaries and analyses.
    • Advanced knowledge of audit methodologies, as well as risk management and assessment principles. Advanced knowledge of audit requirements and standards.
    • Ability to assume a leadership role, as well as work independently in a self-managed role.
    • Position requires some overnight travel, 15-20% of time.

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