Role: ICFR Controls Analyst (Finance)

Location: Merrifield, VA (hybrid)Rate: $60

Key skills: ICFR, SOX, Soc1,SSAE18, GAAP, CPA, CIA

Job Description:

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 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, deisgn and documentation, identifying and assessing financial statement risk related to third-parties and supporting related audit responses.

Responsibilities:

Support all aspects of the Internal Controls over Financial Reporting (ICFR) Vendor Risk program

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

Assess and document ICFR related Information Technology General Controls (ITGCs) to address control gaps in design effectiveness

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

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 vendor risk and ICFR in general

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 outcome

Perform other duties as assigned

Qualifications and Education Requirements:

Significant experience with Internal Controls over Financial Reporting (ICFR)

Significant experience or knowledge of SOX including GAAP principles, financial statement preparation, and and internal accounting controls

Strong experience reviewing or preparing SOC 1/SSAE18 reports

Strong experience with Third Party Risk Management activities

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

Bachelors degree in Accounting, or related field, or the equivalent combination of experience, education and training

Desired Qualifications and Education Requirements:

Advanced knowledge of Navy Federals functions, philosophy, operations and organizational objectives

Certified Public Accountant (CPA) designation

Certified Internal Auditor (CIA) designation