Senior Internal Auditor
JBT Corp.
Chicago, IL
Full-time
Accounting
Posted on March 3, 2019
JBT Corp (Chicago) - Senior Internal Auditor
Job Summary:
John Bean Technologies Corporation seeks Senior Internal Auditor to perform multiple, concurrent audits of financial reporting, internal control/Sarbanes-Oxley Section 404, information technology, and operations across global regions, including the Americas, Africa, Asia, and Europe
Responsibilities
Essential Duties And Responsibilities:
- Use knowledge of and experience with Generally Accepted Accounting Practices (GAAP) and Financial Standards.
- Create and update the internal audit programs as necessary and review audit program updates for alignment with intended audit objectives. –
- Perform first-level review of reports and memos prepared by Internal Auditors to ensure that issues are clearly described and recommendations are in accordance with policies and standards. Coordinate and review SOx testing.
- Audit Shared Service Centers (SSC's) both for SOx control and substantive financial audit purposes as well as audit the SSC's Financial Reporting and Close Process/General Ledger as well as the cash disbursement and fixed asset cycles.
- Audit several methods of revenue recognition, including but not limited to the following: Completed Contract; Multiple Deliverable; and Percentage of Completion (POC) (including Cost-to-Cost and Milestone methods).
- Audit the procurement function, including auditing documentation of competitive bidding and vendor sole/single source decisions.
- Test foreign exchange hedging strategies, including testing completeness and existence of underlying foreign currency exposures, timely compliance with Treasury policy, and proper restatement accounting by financial statement area.
- Audit transfer pricing relationships (distributorships and contract manufacturers) and related financial reporting impacts across global tax and legal jurisdictions (the Americas, Africa, Asia Pacific, and Europe).
- Use knowledge of and experience with functionality of BlackLine cloud system to pull support and key reports related to account reconciliations, journal entries, and tasks.
- Use knowledge of and experience with Oracle HFM consolidation system and the related SmartView plug-in for financial report retrieves. Supervise and coordinate performance of multiple, concurrent audits of financial reporting, internal control/SOx, information technology, and operations across global regions, including the Americas, Africa, Asia, and Europe. Perform accounting research to solve technical questions or issues that arise during the course of an audit.
- Perform first-level review of testing workpapers prepared by Internal Auditors to ensure procedures are performed accurately and completed, and issues are appropriately identified.
- Supervise and lead the audit of Shared Service Centers; lead audit of the Financial Reporting and Close Process/General Ledger as well as the cash disbursement, credit & collections, and fixed asset cycles.
- Supervise and review testing of complex/higher risk audit areas such as inventory job costing and revenue recognition, including but not limited to the following: over-time, and point in time (product equipment, aftermarket equipment, service) and transfer pricing relationships. Review the planning of financial statement and operational audits, including the review of the scoping of the business units, audit announcements, request lists, and kickoff meetings.
- Communicate timing and audit planning materials with the business unit.
Qualifications
Job Requirements And Qualifications:
- Bachelor’s degree (or foreign equivalent) in Accounting or a related field and Certified Public Accountant certification
- 2 years of experience in the following: (i) auditing financial statements, including reviews of quarterly financial information; (ii) auditing internal control over financial reporting including Sarbanes-Oxley Section 404; (iii) understanding a business, the risks it faces, its internal controls, and assessing the risk of material misstatement of the financials in order to design effective audit procedures; (iv) enhancing accounting and control systems, reviewing possible acquisitions or divestitures, public stock offering, and recommending new methods ranging from business/information processes to asset management.
- Up to 50% travel to company locations domestically and internationally.