Electro Rent Corporation

  • Director of Internal Audit

    ID
    2018-1236
    Location
    West Hills, CA
  • Overview

    Reports to
    Group CFO


    JOB DESCRIPTION
    Summary/Objective

     

    To continue to drive the Company’s growth and profitability, the Company seeks to attract an exceptional individual to take on the Director of Internal Audit position. This individual will report directly to the CFO as part of the Finance & Accounting team.

     

    The Director of Internal Audit is responsible for internal audits of all operations, supporting the external audit process, and working with Group Finance to mediate all internal control deficiencies. He / she will formalize policies, processes, and procedures for all critical financial areas, and will establish controls procedures with the Global Controller along with establishing the company to be in a position for a SOX 404 environment.

    Responsibilities

    In addition, the successful candidate will perform the following:

     

    • Develop a comprehensive internal audit program in a fast-changing transformational environment
    • Establish the company for a SOX 404 environment (e.g., ERP consolidation, GL implementation, order to Cash, etc.)
    • Perform financial, operational, and compliance audits.
    • Assist management in the design and implementation of efficient and effective internal controls, operating efficiency and the adequacy of records and recordkeeping
    • Review and appraise policies and procedures for compliance with established internal policies and procedures and external regulations as well as safeguarding of all assets
    • Recommend changes and improvements to audit procedures or policies, operations and financials
    • Develop an annual risk assessment for the purpose of identifying and prioritizing potential audits
    • Oversee and manage the internal audit department, ensuring efficiency and effectiveness, depth of knowledge, applicability, and cost effectiveness to best utilize available resources and achieve established objectives
    • Perform periodic reviews of auditing processes and procedures for internal and external firms
    • Summarize audit findings and recommendations based on the results of regularly scheduled audits, nonscheduled audits and at any time when issues need to be addressed by management
    • Conduct follow up reviews of financial, operational or regulatory compliance deficiencies noted during audits
    • Conduct investigations of irregularities discovered by or brought to the auditor’s attention
    • Investigate, as requested by senior management, fraud, embezzlements, and defalcations; work in cooperation with law enforcement agencies in any such cases as deemed necessary
    • Serve as a liaison with outside auditors and regulatory examiners
    • Prepare written and verbal reports of audit activities and present to the Audit Committee
    • Develop and monitor budget of expenses and audit hours
    • Keep abreast of all trends and developments in regulatory requirements, general accounting principles or audit techniques; implement and react quickly to any changes
    • Perform other related duties as required and assigned, consistent with the goals, objectives and responsibilities of the company

    Qualifications

    Knowledge, Skills and Abilities:

     

    • 7 - 10 years of experience in audit and compliance role required
    • Four-year degree (BA/BS) in Accounting, Business Administration, Finance or related field
    • Certified Public Accountant (CPA) designation required (can be inactive)
    • Certified Internal Auditor (CIA) designation preferred but not required
    • Certified Information Systems Auditor (CISA) designation considered a plus
    • Experience in an internal audit role preferred
    • Previous public accounting experience in a nationally recognized firm (preferably Big 4) working on public companies preferred
    • Previously implemented 404 SOX preferred
    • Strong ethical conduct and business acumen
    • Strong data analysis, analytical and organizational skills
    • Working knowledge of professional auditing standards (IIA and AICPA)
    • Exhibits a significant level of tact and diplomacy in addition to normal courtesy
    • Broad conceptual judgment, initiative and ability to deal with complex financial and accounting issues
    • Maintains current knowledge and understanding of industry trends and practices in the areas of audit, compliance and risk management
    • Maintains strong knowledge of MS Word, Power Point, Excel and Visio and have the aptitude to easily learn financial software programs
    • Excellent verbal and written communication skills; work will require extensive personal contact with others
    • Ability to work independently, manage multiple priorities concurrently and complete projects on schedule with a high degree of accuracy
    • Ability to manage a team of other internal auditors and managing their responsibilities with their own
    • Ability to work well under pressure, deliver results, achieve timely goals, set appropriate priorities and maintain confidentiality
    • Attention to detail and accuracy
    • Willingness to travel, domestically and internationally (London) (20-30%)

     

    Electro Rent is the largest, most comprehensive test equipment services provider for market-leading customers around the world. We are focused on delivering outstanding service for customers across a broad range of industries including Aerospace/Defense, Telecommunications, Mobile/Computing, Power & Industrial, Automotive, Medical, Education, New Space, Data Products Rental and more. With 1.1 billion of inventory, immediate shipping to over 100 countries, and a world-class accredited calibration and repair lab, our team of experts solve tough technical and financial challenges related to testing. EOE

     

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