Director, Audit Services

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Job description

*This posting is on behalf of one of Cerberus Capital Management's investments based in Detroit, Michigan*

Role Summary:

The Director, Audit Services is initially and primarily responsible for developing, implementing, and subsequently managing a comprehensive Enterprise Risk Management internal audit function for the company. He / She consults with executive leaders to lead the development, identification, planning, organization and execution of an Enterprise Risk Management program and Internal Audit function that strengthens the company's core processes and minimizes key risks. This role will influence and lead organizational change, by collaborating with senior leaders across the organization to ensure effective and efficient control processes are in place to mitigate company risk. Furthermore, the Director, Audit Services will build the functional infrastructure (teams and processes) needed to manage an outsource service provider to optimize costs and impact.

Responsibilities:

• Meet with executives to identify policies and procedures that need to be established to ensure proper audit controls.
• Interface and coordinating with the Independent Audit Partner and team to minimize duplication and enhance coordinator across the overall audit process.
• Evaluate current effectiveness of audit controls by reviewing risks, flow charts, SOX and operational audit documentation, control narratives and interviews.
• Identify ineffective processes and provide recommendations for improvement. This will also include extracting data, analyzing data and drawing insights from organizational databases.
• Report key risks faced by the company to the Board and executives in establishing proper scoping of audit control plans to mitigate risks.
• Lead the development and execution of Enterprise Risk Management internal audit functions. This includes overseeing the day-to-day execution of internal audit engagements and projects.
• Manage the regional and departmental internal audit programs. Work with regional and departmental leaders to ensure that management action plans are being implemented.
• Assess the internal control environment and develop a roadmap to eventual compliance with Sarbanes-Oxley.
• Identify and implement process improvements for finance and operations department.
• Perform internal control reviews and operational audits. Including risk identification followed by walkthroughs, testing and the review of process controls.
• Track, monitor and validate audit work papers and reports to ensure they are completed timely, logically, and support conclusions.
• Train, develop and manage direct reports to help maintain and achieve goals regarding internal audit programming.

Required Education and Experience:

• Bachelor's degree in Accounting, Finance or equivalent work experience and/or education
• Minimum 6 years' experience performing internal or external audits
• High proficiency with Microsoft Office (Excel, Word, PowerPoint, Outlook)
• Experience with General Accepted Account Principles, SOX, Committee or Sponsoring Organizations
• Experience interfacing with C-suite executives
• Experience working in a fast pace, high-growth company

Required Knowledge:

• Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

Work Styles & Behaviors:

• Strategic Vision and Planning - Appropriately aligns business strategy with technology solutions to drive achievement of company goals.
• Commercial Orientation -Knows how the company's revenue and profit are derived and understands the necessity of achieving these targets.
• Market Knowledge -Knows the basics of the competitive market and the business context; may have some knowledge of competitors.
• Results-Driven -Meets and beats own and departmental goals plus regularly introduces improvements.
• Change Leadership -Challenges the status quo in furtherance of a better way. Builds collaborative support to drive team acceptance of change.
• People Leadership -Motivates, develops, and directs team members to maximize performance.
• Communication, Collaboration and Influence -Team player who effectively influences others to accomplish company goals.
• Business Judgement -Considers the relative costs and benefits of potential actions and selects the most appropriate one.
• Creative Problem Solving - Reframes or restructures problems in a different way to seek innovative solutions.