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Senior Manager Internal Controls



Cambridge, MA, USA
Posted on Saturday, April 20, 2024

Job Title

Senior Manager Internal Controls

Job Description

Senior Manager Internal Controls (Cambridge, MA)

You have the opportunity to drive the assessment of risks and internal control over financial reporting (ICoFR). Key activities include performing ICoFR risk impact assessment on new or existing processes, developing and maintaining Corporate SOX framework, advising on the design, implementation of controls, support the remediation of control deficiencies and remediate design gaps for a process.

This is a challenging role requiring adherence to deadlines, communication skills and a flexible approach.

Your role:

  • Help create value for the finance organization by designing efficient solutions to drive operational efficiencies, compliance with company policies, and thereby reducing risk of material financial reporting misstatements.
  • Administration of the quarterly and annual Sarbanes-Oxley certification process.
  • Represent Internal Controls in selected Audit & Risk Committees.
  • Participate in system and project implementations which have Internal Control /SOx implications.
  • Work closely with different levels of management and business process owners to ensure key controls are timely identified and embedded in the process, tested, and operating effectively.
  • Monitor and advise process owners on action plans for remediation of deficient controls on a timely basis.
  • Perform root cause analysis and design efficient and effective remediation plans.
  • Work closely with process/control owners to ensure that audit findings are timely resolved.
  • Contribute to the preparation of periodic reporting to key stakeholders such as senior management.
  • Identify opportunities to increase efficiency and continuously improve on the existing internal control framework.
  • Develop and maintain strong relationships with Head of Finance, Business Process, Control Owners and Internal Audit to determine key risk areas that need process improvement.
  • Assist in developing practical approaches and solutions that address internal control compliance challenges and issues.
  • Assist to drive change, implement process improvements, and be a valued business partner.

You're the right fit if:

  • Bachelor’s degree in Accounting or Finance; Masters preferred.
  • Certified Public Accounting (CPA) or Certified Internal Audit (CIA) is a plus.
  • 8+ years of professional experience.
  • Experience as an auditor (preferably in one of the Big 4 public accounting firms).
  • Strong knowledge of US GAAP and IFRS.
  • Experience in finance compliance is a must.
  • Able to identify, document and evaluate key financial and business control processes within a global organization.
  • Ability to comprehend the relationship between different control procedures and objectives and the impact on overall internal control framework.
  • Strong analytical skills.
  • Excellent written/oral communication skills and ability to gain respect of senior management.
  • Knowledge of MS Office (i.e. Word, Excel and PowerPoint).
  • Knowledge of Internal control compliance tool is a plus.
  • Fluent in English, both written and verbal.
  • Highly motivated and able to manage in a changing environment.
  • Confident communicator with strong inter-personal skills, effective in dealing with people at all levels.
  • Comfortable working in a team and independently, willing and able to take on responsibility.
  • You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this Office/Remote position.

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help improve the lives of others.

If you’re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our commitment to diversity and inclusion here.

Additional Information

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.

Company relocation benefits will not be provided for this position. For this position, you must reside in or within commuting distance to Cambridge, MA.

This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates. Interested candidates are encouraged to apply as soon as possible to ensure consideration.

Philips is an Equal Employment and Opportunity Employer/Disabled/Veteran and maintains a drug-free workplace.