IT Controls Senior Analyst

  • Grainger
  • 1 week ago

Company Name: Grainger

Location: LAKE FOREST, IL, US - 60045-5201

Job Duration: 2021-05-04 to 2021-06-03


Company Overview

Grainger is a global leading broad line supplier of facilities maintenance products serving businesses and institutions. Our 18,000 employees are driven to serve customers and the community in exceptional ways focusing on delivering the highest level of service. The Grainger team works closely with customers to better understand their challenges and provide cost-saving solutions. Grainger's employees serve customers more than 115,000 times every day through multiple channels. As part of a high-performing team, you’ll be able to develop your talents, and make a difference. Grainger is a Fortune 500 company and a perennial member of Fortune magazine's Most Admired Companies list.

Position Description

As part of Grainger’s Global Internal Control and SOX Team, the Senior Internal Controls and SOX Analyst will primarily be responsible for independently evaluating the design and effectiveness of Grainger’s key Finance controls for financial reporting (ICFR) as part of the enterprise SOx 404 assessment. Additionally, this person is expected to develop and maintain effective working relationships with the external auditors and global Controllership teams, including and ICFR owners.  This person will support one set process owners from an internal controls perspective and be responsible for testing a different set of processes.


Principal Duties & Responsibilities:  

The Senior Internal Controls and SOX Analyst will work within the general guidelines provided by the Sr Manager, Global Internal Controls and SOX in connection with Grainger’s SOx 404 process. The role’s key duties and responsibilities are as follows:

–Participate in the development of the annual SOx testing plan.

–Plan, perform, and manage field work to evaluate the effectiveness of key internal controls for financial reporting.  

–Perform testing and peer review team member’s testing to ensure risks are appropriately identified, associated audit procedures are applied and related controls are designed and operating to mitigate the identified risks. Also, ensuring automation of procedures whenever possible. Identify and update the SOx 404 Framework for control and/or testing changes identified through testing. Ensuring testing documentation provided to external auditors to rely upon meets their standards.

–Prepare and report control deficiencies upon discussion with business owners, collaborate with business owners regarding recommendations to address the root cause of issues and report on the status of implementation of management remedial actions.

–Train and supervise other auditors (internal or external) in all phases of SOx 404 testing, including advance preparation, monitoring the progress of the auditors assigned to the project, and reporting results of the audit. Develop and maintain training material for Sox 404 testing. Provide feedback to staff auditors and assistance in their development including assisting the Manager with performance reviews.  

–Manage relationship with external auditors including understanding expectations, providing status updates, and addressing comments for reliance work.

–Assist the Manager with reporting status and deficiencies to Management and the Audit Committee.

–Participate in cross-functional committees designed to enhance overall governance compliance program development and continuous process improvements.

–Develop and maintain effective working relationships with the external auditors and global Controllership teams, including ICFR owners.

–Keep up to date with changes in regulations, governance and best practices.  Review and update testing procedures and templates to ensure any changes in regulations, governance, or best practices are reflected and incorporated into testing. 

–Support process and control owners in design and update of new and existing controls.  Become Subject Matter Expert in processes supported and support Controllership projects in those areas as Internal Controls expert.

Position Requirements:

Maintain professional certifications and related educational requirements as well as other duties assigned by the Internal Audit Manager.
To perform the job successfully, an individual must be able to perform the Principal Duties and Responsibilities satisfactorily.  In this section, list the background minimal requirements, skills and abilities one needs to perform the job.

–Bachelor's degree in Accounting, Finance, Business or related degree is required. 
–Professional certification such as Certified Public Accountant (CPA or country equivalent), Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) is a plus. 
–Master’s degree or other relevant certification is a plus. 

–Internal or external audit experience within a large company, specifically US companies subject to SOX requirements is required.
–Current or former Big 4 firm experience is a plus.
–Theoretical and practical knowledge of processes, risks and internal controls and the application of audit practices (e.g., COSO, COBIT, GAAS) to these areas is required.
–Robust project management skills; experience working with multi-project management.
–Practical knowledge of ERP systems (i.e. SAP or comparable large ERP systems) and PC proficiency in MSOffice (Excel, Word, etc.) is required.
–Experience in industries analogous to Grainger's is a plus.

Required Skills and Abilities:
–Excellent English verbal and written communication skills.
–Strong organization, planning and project management skills. Comfortable performing multifaceted projects in conjunction with day-to-day activities.
–Ability to interact and communicate well with employees across different business environments and external auditors. Ability to resolve conflicts in a professional manner. 
–Excellent understanding of internal controls.
–Strong business acumen & analytical skills with attention to detail.
–Ability to work under strict deadlines with minimal supervision. 

–Agility and flexibility to a changing environment. 

EEOC Statement

Grainger is an Equal Opportunity Workplace and an Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.