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Sr SOX Auditor

Date: May 16, 2019

Location: LAKE FOREST, IL, US, 600455202

Company: Grainger

Grainger is a broad line, business-to-business distributor of maintenance, repair and operating (MRO) supplies and other related products and services. More than 3.2 million businesses and institutions worldwide rely on Grainger for products such as safety gloves, ladders, motors and janitorial supplies, along with services like inventory management and technical support. These customers represent a broad collection of industries including commercial, government, healthcare and manufacturing. They place orders online, on mobile devices, through sales representatives, over the phone and at local branches. Approximately 5,000 suppliers provide Grainger with more than 1.6 million products stocked in Grainger’s distribution centers and branches worldwide.

 

Primary Function
As part of Grainger’s Global Internal Audit Team, the Senior SOx Auditor 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 Global Internal Controls Teams and ICFR owners.

 

Principal Duties & Responsibilities

The Senior SOx Auditor will work within the general guidelines provided by the Internal Audit Manager 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 review staff auditors’ 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 Global Internal Controls Teams and 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.
  • Assist other Internal Audit Managers and Lead Seniors with planning and execution of financial, operational and compliance audits throughout the company during SOx slow times.
  • Assist with external audit work during SOx slow times.
  • Maintain professional certifications and related educational requirements as well as other duties assigned by the Internal Audit Manager.

 

Preferred Education & Experience

Education/Certifications:

  • 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.

Experience:

  • 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.

 

 

Work Environment

  • Drive an automobile, carry a laptop PC and other requisite equipment/supplies to remote audit assignments, on an “as needed” basis.
  • Ability to travel (up to 15% of time) including some international assignments.

 

Impact

  • Deliver value-added assessments and sound advice, good news and bad, in a relevant, concise and clear manner tuned to the audience and with a high level of credibility to be reviewed by executive management and board.
  • Understand business strategy and related risks as well as the financial implication.
  • Assimilate and synthesize complex data and information into a concise conclusion for decision-making.
  • Act and commit to core values and ethical business conduct and has the backbone to stand up for what is right and necessary.
  • Able to separate people from issues.
  • Manage a large and diverse portfolio of business areas and rapidly assess situations with multiple outcomes and consequences.
  • Work autonomously with a strong attention to detail.
  • Exercise comprehensive and thorough risk assessment, project management, and communication protocol and skills.

 

Working Relationships

  • Peer relationships with Senior Auditors, Internal Controls Professionals and Business/Operations Professionals.
  • Reports to Manager, Internal Audit and SOx.
  • Informal supervisor to staff auditors

 

 

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


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