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Internal Audit Manager

Location: 

Cleveland, OH, US, 44115

Company:  1100-Applied Industrial Technologies

We are currently seeking an experienced person to join our Internal Audit Department.  The person will manage complex-level professional internal auditing work.  Primary responsibilities include evaluating the effectiveness of internal controls over the accuracy and integrity of financial records primarily across the various subsidiaries; managing requirements associated with compliance with the Sarbanes-Oxley Act (SOX) which includes evaluating the design and operating effectiveness of financial reporting controls supporting business processes and systems deemed in scope for SOX compliance; developing and executing a strategy for utilizing data analytics; assessing compliance with company policies and supporting operational improvements.

 

Work involves managing and conducting operational, financial, and compliance audit projects; collaborating and interfacing with business unit leadership and providing consulting services to the organization’s management and staff; and providing key input to development of the risk-based annual internal audit plan.  The person is expected to maintain all organizational and professional ethical standards and ensure all internal audit activities carried out or supervised are in compliance with The IIA’s International Standards for the Professional Practice of Internal Auditing (Standards).  The person will also be required to work independently with considerable latitude for initiative and independent judgment.

 

This position involves limited travel but some travel will be required (including international). About 50% of this person’s time is planned for tasks related to assisting the overall SOX effort and the balance remaining would be devoted to financial and operational audits and special projects.

 

JOB DUTIES

 

  • Identify and evaluate the organization’s audit risk areas and provide key input to the development of the risk-based annual internal audit plan.
  • Directing and managing activities across the organization (primarily subsidiaries) to ensure the adequate design of internal controls.
  • Effectively and efficiently manage the testing of key (SOX significant and operational) controls in order to properly assess the operating effectiveness of the control.  This will also include key (SOX significant) controls related to configuration, enhancements and reports that may impact the integrity of reported financial information, the effectiveness and efficiency of business processes and controls and or the achievement of business objectives.
  • Obtain firm understanding of Applied policies and procedures and possess ability to determine whether area of focus is in overall compliance.
  • Perform duties to coordinate and manage service center operations reviews, audits and inventory observations, assist external auditors during audit of the Company’s financial statements, and internal investigations.
  • Review audit procedures, including identifying and defining issues, evaluating criteria to be tested, reviewing and analyzing evidence, conducting interviews, and reviewing documented client processes, procedures and controls (via narratives and flowcharts). 
  • Communicate effectively with business unit management, senior management and other company personnel about audit progress and developments. 
  • Ensure audit reports are prepared in a manner that clearly and concisely communicates results to management and the audit committee.  Evaluate report responses from management and suggest follow up action.
  • Managing and building a team by coaching and fostering a vision of excellence including the hiring, supervising, evaluating and developing of employees.
  • Preparing and presenting communications to all levels of management and the Audit Committee
  • Assist external auditors during the annual audit of the Company’s financial statements.
  • Work with the Loss Prevention Department and assist with fraud and ethics investigations.
  • Work closely with other departments or divisions on matters of mutual concern and responsibilities.
  • Demonstrating commitment to continuous career development and growth.
  • Travel as needed to conduct audits (both domestic and international), up to 25%.
  • Assist in other duties as required, such as developing and/or updating audit programs, developing the annual plan, management-requested projects, and other duties as required by audit management.

 

 

EDUCATION & EXPERIENCE

 

  • Bachelor’s degree in business with an Accounting major.  Advanced degree preferred.
  • Professional Certification with active status is required:  Certified Public Accountant (CPA) or Certified Internal Auditor (CIA); Certified Information Systems Auditor (CISA) or Certified Fraud Examiner (CFE) a plus.
  • Approximately 7+ years’ experience in a large public accounting firm.
  • Experience with SOX (Section 404 requirements and COSO 2013).
  • Working knowledge of Generally Accepted Accounting Principles (GAAP).
  • Proven leadership experience in driving continuous improvement and developing people.
  • Ability to effectively manage and develop employees in a cross-functional team environment.
  • Considerable knowledge of, and skill in, applying internal auditing and accounting principles and practices.
  • Considerable skill in planning and project management, and in maintaining composure under pressure while meeting multiple deadlines.
  • Experience with SAP (auditing or functional)

Applied Industrial Technologies (NYSE: AIT)  is a leading industrial distributor that offers more than 6.5 million parts to serve the needs of MRO and OEM customers in virtually every industry. In addition, Applied® provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. Applied also offers storeroom services and inventory management solutions that provide added value to our customers.

 

We are an equal employment opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, gender, sexual orientation, age, disability, protected veteran status, marital status, medical condition or any other characteristic protected by law.

 

If you need accommodation for any part of the employment process because of a disability, please send an email to hiring@applied.com or call 216-426-4389 to let us know the nature of your request.


Nearest Major Market: Cleveland

Job Segment: Consulting, ERP, Engineer, Information Systems, Manager, Technology, Engineering, Management

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