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Senior Internal Controls Analyst - 18 Month Contract (Closed)

Job Highlights

Our client is looking for Senior Internal Control Analyst for an 18 month contract to support the annual Internal Control over Financial Reporting (ICFR) certification process through the preparation and maintenance of ICFR documentation packages, plan and perform walkthroughs, plan and execute annual test plans and identify internal control gaps and process improvement opportunities.

About the Opportunity

Complete all components of the ICFR documentation package of more complex and higher risk processes. This includes identifying and documenting key controls in a Narrative, Flowchart and Risk & Controls Matrix for Entity level controls, Disclosure controls, Business process controls and IT general controls. This includes the following components:

  • Narrative: Working with various business owners throughout the organization to understand, identify and document key controls for a particular business process
  • Flowchart: Accurately depicting the business process, clearly identifying what role/business area is responsible for each activity and what systems are involved
  • Risk and Control Matrix: For each control identified, documenting
    • The specific process the control pertains to
    • The risk each control is mitigating
    • The control attributes ((i.e. importance of control, nature of control, information processing objectives, financial statement assertions, etc.)

Plan and perform walkthrough of key controls, which includes:

  • Planning walkthroughs to be conducted by ICFR staff
  • Coordinating with business process owners to walkthrough key controls
  • Obtaining evidence of samples used during walkthroughs
  • Maintaining confidentiality of sensitive evidence obtained
  • Thoroughly documenting walkthrough findings with reference to specific samples used
  • Consolidate any process gaps identified as part of the walkthrough
  • Updating narratives as required based on walkthrough findings
  • Reporting findings and gaps to ICFR management

Plan and execute annual test plans, which includes:

  • Planning testing activities to be conducted by ICFR staff
  • Identifying the appropriate sample size for control testing
  • Executing test plans according to the documented control
  • Obtaining evidence of testing performed
  • Maintaining confidentiality of sensitive evidence obtained
  • Evaluating and summarizing testing results
  • Reporting findings to ICFR management

Identify internal control gaps and process improvement opportunities, which includes:

  • Documenting control gaps and process improvement opportunities, identified through control documentation, walkthroughs and testing, with particular attention to new/changing processes, more complex/risky processes, and processes with a direct impact to Financial Reporting
  • Beginning to evaluate the significance of deficiencies noted
  • Suggesting remediation activities for deficiencies identified; recommendations may include impacts to scope and duties of work performed by staff and management throughout the organization

Provide assistance and guidance to junior staff through:

  • Providing guidance to ensure consistent application of ICFR methodologies
  • Reviewing new or more complex deliverables assigned to junior staff and providing feedback
  • Assisting the Manager, ICFR with onboarding of new staff

Identify program improvements, including:

  • Identifying potential improvement opportunities to the ICFR program, methodology, tools and templates
  • Presenting recommendations to the ICFR management team
  • Implementing recommendations as approved by ICFR management
  • Maintain relationships with cross-organizational stakeholders includes building and maintaining positive relationships with process owners spanning across the organization
  • Perform other related duties and responsibilities as assigned or required

About You

  • 5+years of experience in financial accounting or financial statement auditing gained typically at a CA public accounting firm with active participation or exposure to an internal controls program (SOX or NI 52- 109)
  • Strong knowledge and experience in evaluating internal controls under the COSO framework
  • Experience with large and complex processes and systems at a public company or financial institution
  • Experience with GRC software.
  • Qualified Professional Accounting designation CA, CISA, or CIA

Pay Rate


How to Apply

Click the “Apply Now” button and follow the instructions to submit your resume. Please note that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #27374.

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.