Internal Audit Manager

Job Summary

The Group Internal Audit Manager will lead or conduct performance, financial and complianceaudit projects covering Terumo Group companies in the Americas. This position will beresponsible for providing assurance to management that there are adequate systems ofinternal control in existence and confirm that these systems are operating satisfactorily byensuring the accuracy and reliability of Financial Reporting and Management Information; thesafeguarding of company assets and information; operational efficiency; and, the adherenceto Corporate Policies. The Manager, GIA will provide consulting services to organizationalmanagement and staff; provide major input to development of the Annual Audit Plan. Theincumbent will maintain all organizational and professional ethical standards

Job Details/Responsibilities

1. Conduct the identification and evaluation of the organization's risk areas and provide major input to the development of the Annual Audit Plan by company and each of its locations proposed to be visited showing the processes planned to be audited and the required time for each
2. Liaise with the managements of each company to agree well in advance the audit schedule for the year to ensure availability of key personnel at the sites proposed to be visited
3. Perform audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting client processes and procedures
4. Conduct the planning, organizing, directing and monitoring of Internal Audit operations, and take corrective actions to address performance problems
5. Perform professional audit work such as conducting interviews, reviewing documents, developing and administering surveys, composing summary memos, and preparing working papers
6. Conduct identification, development and documentation of audit issues and recommendations
7. Communicate the results of audit and consulting projects via written reports and oral presentations to management, usually the CEO & CFO, on: a) matters arising out of the audit that require attention; b) recommendations for improvement in control; and c) management response either agreeing or disagreeing with the recommendations and a timeline for completion
8. Conduct, where applicable, audit testing for the purpose of JSOX utilizing: Flowcharts, Narratives and Risk Matrices developed by Management for the identified key processes, namely: a) Order to Cash; b) Accounts Receivable Management; c) Procure to Pay; d) Inventory Management; e) Financial Closing
9. Conduct IT audits including pre and post implementation audit for SAP programs and other transformational initiatives including digital and cybersecurity.
10. Liaise with the External Auditors as required to demonstrate compliance with JSOX requirements
11. Maintain adequate working papers in support of the audit work done/recommendations made which may be made available to external auditors or other agencies as necessary as evidence of internal audits conducted
12. Prepare annual budgets covering all travel and associated expenses in the conduct of the internal audits
13. Remain abreast of latest developments in US GAAP & GAAS in order to effectively conduct the internal audits
14. Conduct such ad hoc audit exercises as may be required from time to time
15. Duties outside audit work may be required from time to time depending upon the needs of the business such as the involvement in due diligence activity for proposed acquisitions as required
16. Participation in Finance or other department meetings, initiatives or projects as required
17. Follow all established Environmental Health & Safety and Quality System policies, programs, rules and practices, including but not limited to product and patient safety, the health and safety of all associates as well as the environment and community at large.
18. Perform other job-related duties as assigned.
     

Knowledge, Skills and Abilities (KSA)

• Extensive knowledge of and skill in applying internal auditing and accounting principles and practices
• Knowledge of the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by the Institute of Internal Auditors
• Knowledge in conducting quality control reviews of audit work products
• Project management skills and desire to drive sustainable performance
• Ability to collect and analyze complex data, evaluating information and systems, and drawing logical conclusions
• Extensive skill in planning and project management, and ability to maintain composure under pressure while meeting multiple deadlines
• Considerable skill in negotiating issues and resolving problems.
• Effective verbal and written communications, including active listening skills and ability to present findings and recommendations
• Ability to develop talent and effectively manage performance
• Ability to establish and maintain harmonious working relationships with internal and external partners, and to work effectively in a professional team environment
   

Qualifications/ Background Experiences

• Certified Internal Auditor (CIA) and bachelor’s degree required, and minimum of 8 years’ progressive internal audit experience or equivalent combination of education and experience required; CPA strongly preferred
• Experience in auditing or accounting, and in supervising and conducting audits in operations, systems and other areas pertinent to the medical device industry preferred
• International exposure most desirable
• Fluent in Spanish (verbal and written) desirable
• Microsoft suite (Word, XL, PowerPoint) essential
• Experience with SAP or other ERP systems (JD Edwards) strongly preferred