Overview To assist in the management of a branch of the Internal Controls over Financial Reporting (ICFR) team and ensure its operation is consistent with the ICFR effort to maintain and evolve a comprehensive and Sarbanes Oxley Act (SOX) compatible control environment. Assist in the leadership of a team of audit specialists, control experts, and technology subject matter experts to research and establish best practices and build an effective ICFR framework. Manage team members during preparation for integrated audits as well as managing those teams during the creation of audit responses. Work strategically with leaders across the credit union to deploy preventative, detective, and corrective controls that mitigate the risk of financial misstatement by virtue of control-centric processes and technology. Assist in leading initiatives related to ICFR with the objective of producing evidence of operational and design effectiveness. To analyze Corporate Accounting business needs to develop and implement internal control solutions that leverage systems and processes with a broad degree of latitude. Responsibilities
Manage multiple aspects of the Internal Controls over Financial Reporting (ICFR) governance program
Manage multi-disciplinary control initiatives to evaluate controls and ultimately transform any control gaps into mature control environments
Assist in managing the review of emerging control guidance and technologies and recommend solutions
Assist in managing activities related to the COSO Framework’s Entity, Risk, Activity, Information/Communication, and Monitoring levels of control and aligns related controls with executive-level strategies (e.g., Credit Policy and Analytics, Financial Risk Management, etc.)
Assist in the development of ICFR vision for the transition toward control-based audits and ensure continued support for substantive audits when necessary
Manage activities that advance ICFR and business use of Governance Risk and Compliance (GRC) software that establishes workflow around control team activity, audit deliverable creation/acquisition, and executive management approval processes
Assist in leading feasibility initiatives designed to determine the applicability of technology to existing control practices (e.g., cognitive technologies for meta-controls,
Robotics Process Automation (RPA), etc.)
Identify business control requirements (e.g. needs, objectives, functions, features, input and output)
Develop, recommend and document adjustments to workflows to enhance control processes
Lead efforts to operationalize General Ledger technologies (e.g., Accounting Rules Engines [ARE], Data Integration [DI], and Data Storage Hubs[ DSH], etc.) and their associated impact on accounting personnel using stakeholder and pain point analyses. Evaluate operational controls efficiency and effectiveness.
Collaborate with leadership on various governance initiatives (e.g., controls governance, data governance, change management governance etc.) as they relate to management’s valuation, presentation and disclosure, rights and obligations, existence, and completeness assertions
Contribute to various steering committees and panels that set direction for the purpose of evangelizing a SOX compatible mindset that seeks to increase the consideration of controls as a forethought and reduce those instances when controls are considered as an afterthought
Participate in ongoing inter-departmental Controls Committee meetings to facilitate comprehensive and enterprise-wide leadership participation in the preparation for financial statement and Information Technology General Computer (ITGC) audits
Assist in leading multi-disciplinary control initiatives at the right level of detail and scope to assess the effectiveness of business and technological controls and ultimately transform any control gaps into mature control environments
Analyze controls information, requirements, data, processes, control specific practices, control standards and metrics/statistics
Supervise efforts that assess the operational performance of existing controls and devise remediation strategies that align control performance with the appropriate risk mitigation methodology
Participate in the review of existing control policies, process narratives, and process models to develop optimization strategies and the associated current state, future state, and gap analysis planning artifacts
Collaborate with key partners in development and delivery of tested, approved control solutions
Present control conclusions and recommendations / alternatives to management, coordinating integration of solutions with existing processes and applications
Build and maintain partnerships with external and internal auditors to negotiate audit objectives and audit scope based upon previously developed risk-based strategies for audit execution Lead
Manage efforts to establish executive-level views of control related activities and performance via the use of executive dashboards and other interfaces intended to summarize real-time control information for executive consumption and ongoing monitoring purposes
Lead project teams to properly identify, resolve and document highly technical and complex preventative, detective, or corrective control problems/solutions associated with audit findings and/or remediation of control deficiencies, mitigating future exposure
Perform supervisory/managerial responsibilities
Ensure adequate/skilled staffing; select employees
Establish performance goals and priorities
Prepare, conduct and review performance appraisals
Lead, develop, guide, mentor and counsel staff
Provide input and/or prepare budget requirements for Annual Financial Plan (AFP)
Ensure section/branch goals and objectives align with division/department strategy
Ensure efficiency of operations
Leadership Level – Manage daily activities, assist in executive briefings and assist in development of program plan
Perform other related duties as assigned
Qualifications
Bachelor’s degree in Accounting, Finance, or related field, or the equivalent combination of experience, education and training
Advanced knowledge of SOX Section 404 or GAAP principles, financial statement preparation, and internal accounting controls
Significant experience leading implementation initiatives
Significant experience redesigning processes and partnering with business unit personnel to complete the transformation
Extensive experience in problem resolution including determining root cause, scope and scale of issues related to control-specific technologies and GL modules
Significant experience in the analysis of financial transactions, related processes and key controls around data supporting general ledger entries
Significant experience directing large project efforts from a controls and information systems perspective
Ability to effectively interpret and remediate findings from internal and/or auditors and regulators
Effective skill recruiting, retaining, coaching and motivating employees to achieve production results
Advanced skill to influence, negotiate, and persuade to reach agreeable exchange and positive outcomes
Advanced skill presenting to stakeholders & management
Experience working with all levels of staff, management, stakeholders, vendors
Desired Qualifications
Master’s Degree in Finance, Accounting or Business Administration or a related field, or the equivalent combination of training, education and experience
Certified Public Accountant (CPA) designation
Certified Internal Auditor (CIA) designation
Project Management Professional (PMP) certification
Information Technology Infrastructure Library (ITIL) certification
Experience in public or private accounting applying complex accounting treatments
Experience applying enterprise, business, and/or information architecture principles
Experience in leading, guiding and coaching professional staff
Thorough knowledge of Navy Federal policies, products, and services, and familiarity with internal operations, systems, and functions
Hours: Monday - Friday, 8:00AM - 4:30PM Location: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive Pensacola, FL 32526About Us Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks. Best Companies for Latinos to Work for 2024 Computerworld® Best Places to Work in IT Forbes® 2024 America's Best Large Employers Forbes® 2023 The Best Employers for New Grads Fortune Best Workplaces for Millennials™ 2023 Fortune Best Workplaces for Women ™ 2023 Fortune 100 Best Companies to Work For® 2024 Military Times 2023 Best for Vets Employers Newsweek Most Loved Workplaces Ripplematch Campus Forward Award - Excellence in Early Career Hiring Yello and WayUp Top 100 Internship ProgramsFrom Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/DisabilityHybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.REQNUMBER: 21228