Internal Controls over Financial Reporting Analyst II

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 ICFR Analyst 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

• Support 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
• Assess third parties for ICFR/financial statement impact
• Review relevant SOC 1 (SSAE18) reports to assess control environments for third-parties, work with business partners to identify, assess and document user controls
• 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
• Design, develop, and implement Key Control Matrices (KCMs) that summarize a broad range of business processes into a control-centric and executive-ready audit deliverable
• Support the assessment of existing ICFR related Information Technology General Controls (ITGCs) to address control gaps in design effectiveness
• Validate 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
• Review 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
• Solve complex control-related business problems by defining the problem, interviewing stakeholders, identifying, and evaluating alternatives, and presenting findings
• Perform other duties as assigned

Qualifications

• Bachelor's degree in Accounting, or related field, or the equivalent combination of experience, education and training
• Significant experience with Internal Controls over Financial Reporting (ICFR)
• Significant Experience knowledge of SOX including GAAP principles, financial statement preparation, and and internal accounting controls
• Strong experience re-designing processes and identifying control gaps to be consistent with a mature ICFR program
• Strong 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.)
• Strong experience assessing the design and operating effectiveness of key controls in business processes and user control considerations noted in SSAE18/SOC 1 Type 2 reports
• Experience with interacting and communicating with multiple stakeholders & management
• Strong experience in problem resolution including determining root cause, scope, and scale of issues
• Experience in managing multiple priorities independently and/or in a team environment to achieve goals
• Strong experience that demonstrates the ability to research, compile, and document data, business processes, and workflow
• Strong experience presenting findings, conclusions, alternatives, and information clearly and concisely
• Advanced skill interacting with staff, management, vendors, and members diplomatically and tactfully

Desired Qualifications

• Advanced knowledge of Navy Federal's functions, philosophy, operations and organizational objectives
• Certified Public Accountant (CPA) designation
• Certified Internal Auditor (CIA) designation

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

Location: 820 Follin Lane, Vienna, VA 22180

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