What are the responsibilities and job description for the Compliance Controller position at The Fedcap Group?
Position Summary:
The Compliance Controller - will take ownership of Internal and External Audits; Create and manage the Agency's Tax compliance and be the primary contact and coordinator for Government and other Regulatory Agency audits; Coordinate and collaborate with the Financial Controller to implement proper accounting policies and procedures.
The position requires strong communication skills and innovative thinking to communicate with and educate finance and non-finance personnel on financial policies, reporting requirements, and new accounting pronouncements. As a member of the leadership team, the Compliance Controller will be responsible for establishing and maintaining a work environment focused on excellence that fosters learning, respect, open communication, collaboration, integration, and teamwork.
In this role, you will conduct both internal control and risk assessment-based audits for multiple practice areas and groups, test internal controls, assist with remediation and implementing viable solutions, and prepare and present audit findings to both senior management and divisional management team(s), coordinate various program/funder audits, ensure tax compliance, and assist with special projects as needed.
Manage external Audit requirements and relationships across the agency.
Essential Job Functions:
- Own and deliver the strategy, tactics, workflows, work product, and evaluation of the financial audit culture of The Fedcap Group. Specifically:
- Drive the governance/framework for internal controls over financial reporting, and establish related policies and procedures.
- Assist process owners in documenting process flows and controls.
- Perform quality assurance procedures to ensure compliance with the control governance framework.
- Test controls/ transactions to ensure compliance with related policies and procedures.
- Manage and perform the full life cycles of internal audits, including scoping, testing, deficiency confirmation, and reporting for audits that cover financial, operational, and technology risks.
- Perform financial audits of business functions and processes to ensure the integrity of controls over the financial reporting in accordance with the applicable accounting and auditing standards; Perform operational audits of business functions and processes to ensure compliance with the applicable policies and procedures and the efficiency of operations Determine the adequacy of the design and operating effectiveness of internal controls over financial reporting.
- Make oral presentations of audit findings to management and supervisory personnel within the area being audited.
- Maintain effective working relationships with operating management of all levels; and,
- Conduct internal audits for management to assess the effectiveness of controls, accuracy of financial records, the efficiency of operations, compliance with government regulation, and strong working knowledge of GAAP. ·
- Drive an ongoing risk assessment process to select appropriate audit projects. Manage the communication of findings, conclusions, and recommendations to management. ·
- Ensure work is planned in a cost-effective and efficient manner.
- Coordinate internal auditing functions with external auditors.
- Assist in the design of Internal Audit Department policies, procedures, and protocols and ensure adherence to departmental and professional quality standards.
- Utilize experience and knowledge to identify significant business and control issues to recommend solutions that result in positive change. Performs special projects at the request of Senior Management.
- Contributes to organization success by accepting new assignments, helping team members, learning new skills, and striving to improve team results. Provide support and leverage for firm-wide senior management and business unit leaders, functioning as audit and controls leader for all matters relating to operations and risk management.
- Review and assess current firm-wide policies and procedures concerning technical and ethical quality controls fundamental to the performance of professional engagements.
- Identify and implement appropriate processes to continually measure and maintain compliance with established quality controls
- Ensure that all policies and procedures are followed to the highest professional standards
- Provide a structure to ensure tax compliance across the agency, inclusive of timely tax filings (where applicable) and properly completed tax certificates and other required documents,
Duties and Responsibilities
- Support Business Unit Leaders in defining risks for their business areas and using this to define and manage an internal control and audit plan.
- Guide, review, and approve that audits are carried out in accordance with methodology, policies, professional standards, budgets, and timelines·
- Provide expertise in internal controls and audit methodology, be an advocate and proponent of firm practices and work collaboratively with peers to drive improvement constructively
- Develop and implement policies and procedures designed to ensure consistent presentation and delivery of Fedcap's work product, in compliance with its guidelines as well as those of its clients.
- Identify, assess and institute steps, where necessary, to minimize risks associated with the quality of its work product
- Provide management and leadership to a team of professionals assigned the tasks of performing a combination of both pre-and post-delivery technical reviews of Fedcap client deliverables and supporting working papers/documentation
- Design, implement and supervise the conduct of at least bi-annual, internally staffed "peer reviews" within each business unit. Such reviews will include, at a minimum, high-level testing designed to ensure compliance with established quality control policies and procedures. Other matters to be considered could include a) overall practice management, b) staff retention and development, c) effectiveness of strategic business development initiatives and d) achievement of benchmarked operating efficiencies
- Review audit results with business management and develop corrective measures to mitigate future risks
- Establish a system of tax compliance across the agency allowing for awareness of applicable filings and executing a timely submission of those filings.
Required Education and Experience
- Bachelor's degree in accounting/finance required. Minimum 15 years of varied financial accounting experience. This experience should include three or more years of financial reporting/analysis experience.
- Prior experience as a Controller in both public and private enterprises is a plus as well as experience with government contract accounting and billing.
- Must have experience with complex ERP systems, Oracle
- 15 years of proven managerial or supervisory experience.
- Strong knowledge of financial analytics, budgeting, and reporting.
- Professional certification (CPA, CMA, etc.) and association with professional organizations are a plus.
Knowledge, Skills, and Abilities :
- Knowledge of the Organization's mission, vision, and goals and execution of policies and procedures.
- Demonstrated strong leader with excellent communication skills and a keen ability to manage projects and processes across departments.
- Proven track record of attention to detail, accuracy, high integrity, and driven committed individual.
- Self-motivated and self-directed.
- Excellent analytical and organizational skills.
- Validated ability to handle multiple priorities in a fast-paced, dynamic environment.
- Requires strong influencing and decision-making skills with various levels of management with regard to setting and enforcing financial policies and accounting issues.
- Proven leadership skills.
Supervisory Responsibility :
This position manages staff and is responsible for the performance management and hiring of the employees within that department.
Work Environment :
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines.
Position Type/Expected Hours of Work :
This is a full-time position, and hours of work and days are typically Monday through Friday, 9:00 AM to 6:00 PM but will be determined by your supervisor. Occasional evening and weekend work may be required as job duties demand.
Travel :
Out-of-the-area and overnight travel may be required as needed to support the objectives of business units within The Fedcap Group portfolio.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms. The employee must frequently lift and/or move up to 15 pounds and occasionally lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
The Fedcap Group provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. We are an EEO employer committed to diversity, M/F/D/V.
#FEDCAPGROUP
The work of The Fedcap Group is structured within four major practice areas: Education, Workforce Development, Occupational Health and Economic Development, which are strategically aligned for maximum impact.
The Fedcap Group also invests its time and resources in broader systems change—working in partnership with federal, state and local government to improve the way services are designed, funded and delivered.
Website: http://fedcapgroup.org/
