Internal Controls Over Financial Reporting Analyst

Location: Vienna, VA
Category: Accounting and Finance
Employment Type: Contract
Job ID: 16755
Date Added: 07/10/2024

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Internal Controls Over Financial Reporting (ICFR) Specialist 

Our client, a Fortune 100 Credit Union headquartered in Vienna, VA, is looking for an ICFR Specialist to join their team on a HYBRID schedule in Vienna, VA.  

Hybrid 2 days/week onsite & 3 days remote 
– Contract through October 2024 with the potential to extend 

-Must be legally authorized to work in the United States without a sponsoring employer indefinitely. This is a W2 Contract. WE CAN NOT DO C2C arrangements.

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) Framework.  Work closely with the Lead Financial Statement Risk Analysts and key business partners to understand high risk processes, financial statement risks, and key controls to reduce the risk of financial misstatement. Responsible for internal controls identification, design and documentation, identifying and assessing financial statement risk related to third-parties and supporting related audit responses.

  • Support Controls Advisory on all projects relating to and all aspects of the Internal Control over Financial Reporting (ICFR) Framework
  • Assess high-risk ICFR processes, identify and document relevant ICFR risks and controls
  • Develop detailed and robust ICFR risk and controls documentation, including governance, policy and process documentation, and pursue opportunities to enhance documentation and increase efficiencies
  • Assess ICFR related Information Technology General Controls (ITGCs) to address control gaps in design effectiveness and develop detailed and robust ICFR risk and controls documentation, including governance, policy and related process documentation, covering areas such as Information Produced by the Entity (IPE), Key Reports, IT Application Controls (ITACs), and End User Computing (EUCs), as needed
  • Evaluate performance of existing controls and devise remediation strategies that align control performance with the appropriate risk mitigation methodology
  • Support multi-disciplinary control initiatives to assess controls and ultimately transform any control gaps into mature control environments
  • Gather, review and update existing policies, process narratives, and process models / flowcharts to develop insight into the current state of business processes
  • Research industry best practices associated with ICFR governance and policy
  • Solve complex control-related business problems by defining the problem, interviewing stakeholders, identifying, and evaluating alternatives, and presenting findings
  • Manage time and workload in relation to projects to ensure an efficient and timely outcomes.
  • Perform other duties as assigned.                                                                                                                              
Qualifications & Education Requirements 
  • Must be legally authorized to work in the United States without a sponsoring employer indefinitely. This is a W2 Contract. WE CAN NOT DO C2C arrangements.
  • Significant experience with Internal Controls over Financial Reporting (ICFR) and drafting of process, risk, and controls documentation, including governance and policy
  • Significant experience or knowledge of SOX including GAAP principles, financial statement preparation, and internal accounting controls
  • Extensive ICFR risks and controls background
  • Extensive ITGC background, with the ability to write relevant governance and policy documentation,
  • Strong process documentation skills
  • 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
  • Experience with interacting and communicating with multiple stakeholders & management
  • Experience in managing multiple priorities independently and/or in a team environment to achieve goals
  • Effective skill interpreting and synthesizing large amounts of information
  • Strong experience that demonstrates the ability to research, compile, and document data, business processes, and workflow, including strong knowledge of Microsoft PowerPoint, Excel and Visio
  • Strong experience presenting findings, conclusions, alternatives, and information clearly and concisely
  • Advanced 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: Certified Public Accountant (CPA) designation & Certified Internal Auditor (CIA) designation