Date Posted:2024-06-07Country:United States of AmericaLocation:OT999: 1CP - Farmington, CT One Carrier Place, Farmington, CT, 06032 USALocation: Remote, Flexible (Ideally US East Coast)The VP, Internal Audit will lead the global internal audit function for Otis globally and maintain the Company’s strong reputation for quality and world class controls in line with the Otis Absolutes: Safety, Ethics & Quality. Develop and direct process for testing controls risks, including the identification and articulation of emerging concerns or trends, and upon finding opportunities, work with management to develop appropriate recommendations. Exert leadership that serves to reinforce a culture of transparency and continuous improvement in support of the Company’s business strategy.The VP, Internal Audit will ideally be based on the East Coast of the United States, serving as Otis’ senior internal audit executive. Reporting directly to the Senior VP & Corporate Secretary, the incumbent will regularly meet with and provide reports to the Audit Committee of the Board of Directors and maintain strong ties to the EVP, CFO, EVP, General Counsel and other senior leaders in the Finance and Legal functions.Key Accountabilities:
Lead team of professional auditors (internal and outsourced) in sufficient number and with the necessary qualifications and diversity of skills to effectively carry out the global internal audit function of the world's leading elevator and escalator manufacturing, installation and service company.
Responsible for internal audits at all Otis global locations and provide adequate audit policies, programs and instructions for the conduct of these audits.
Establish an audit schedule that is acceptable to the Executive Vice President & General Counsel, Executive Vice President & Chief Financial Officer and the Audit Committee of the Board of Directors; and carry out audits in accordance with such schedule.
Report regularly to the Audit Committee, including regular interaction with the Audit Committee Chair, on all aspects of internal audit operations.
Report to Corporate and Business Unit management; the Senior Vice President & Chief Accounting Officer; the Executive Vice President & General Counsel; the Executive Vice President & Chief Financial Officer; the Audit Committee of the Board of Directors; and the Business Unit Chief Financial Officers, the results and findings of audits and specific recommendations for improvements.
Follow up on important findings and recommendations of the Internal Audit Department and the Corporation's independent public accountants to assure that effective remedial actions are taken by the divisions and subsidiaries, and report action on major matters to the Audit Committee of the Board of Directors.
Oversee the development of internal auditors; provide progression to increased auditing responsibilities or to finance/accounting positions elsewhere in the Corporation.
Identify, analyze and resolve complex auditing and accounting issues.
Responsible for the completion of other tasks related to this position as they are assigned by management.
Provide leadership in the development of an effective organization and its members, ensuring timely and complete feedback provided to all reports which enables them to improve their overall performance and contribution to the Company.
Experience & Qualifications:
Bachelor’s or graduate degree in accounting or business administration.
Advanced studies in business administration, financial or business management or related subjects and attainment of a CPA, CMA, or CIA certificate are desirable.
Extensive audit or related financial and/or accounting experience in public company accounting with emphasis in manufacturing, service and/or sales operations.
Prior experience within managerial positions and team development essential.
A broad understanding of business organizations, functions, management concepts and a thorough understanding of audit techniques are essential.
Substantive experience in other finance-related areas (e.g., controllership, FP&A) a plus.
If you live in a city, chances are we will give you a lift or play a role in keeping you moving every day.Otis is the world’s leading elevator and escalator manufacturing, installation, and service company. We move 2 billion people every day and maintain approximately 2.2 million customer units worldwide, the industry's largest Service portfolio.You may recognize our products in some of the world’s most famous landmarks including the Eiffel Tower, Empire State Building, Burj Khalifa and the Petronas Twin Towers! We are 69,000 people strong, including engineers, digital technology experts, sales, and functional specialists, as well as factory and field technicians, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. We are proud to be a diverse, global team with a proven legacy of innovation that continues to be the bedrock of a fast-moving, high-performance company.When you join Otis, you become part of an innovative global industry leader with a resilient business model. You’ll belong to a diverse, trusted, and caring community where your contributions, and the skills and capabilities you’ll gain working alongside the best and brightest, keep us connected and on the cutting edge. We provide opportunities, training, and resources, that build leadership and capabilities in Sales, Field, Engineering and Major Projects and our Employee Scholar Program is a notable point of pride, through which Otis sponsors colleagues to pursue degrees or certification programs.Today, our focus more than ever is on people. As a global, people-powered company, we put people – passengers, customers, and colleagues – at the center of everything we do. We are guided by our values that we call our Three Absolutes – prioritizing Safety, Ethics, Quality in all that we do. If you would like to learn more about environmental, social and governance (ESG) at Otis click here (https://www.otis.com/en/us/our-company/esg) .Become a part of the Otis team and help us #Buildwhatsnext!Otis is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class. To request an accommodation in completing an employment application due to a special need or a disability, please contact us at [email protected] .Privacy Policy and Terms:Click on this link (https://www.otis.com/corporate/privacy-policy/Job-Applicant/) to read the Policy and TermsWe go to great lengths to hire and develop the best people, and offer a supportive environment where employees are motivated and empowered to perform at their full potential. Today, we continue pushing the boundaries of what's possible to thrive in a taller, faster, smarter world.