The Internal Audit will take an active role in building, evaluating and continuously improving the Company’s financial and operational internal control framework.
This individual will take the lead in cascading the group’s rules and guidelines to the local team; as well as coordinate the process to adapt the local’s procedures to the group’s.
The individual will work with various departments and locations to conduct risk assessments, develop test plans, evaluate the design and effectiveness of existing internal controls, provide recommendations for process improvements and develop a compliance driven culture within the Company.-The Internal Audit will take an active role in building, evaluating and continuously improving the Company’s financial and operational internal control framework.
Internal Control Vietnam
1) Essential business activities expected from this position:
Take the lead in communicating the Bel group’s rules & guidelines to the local team. Coordinate with the business process owners to adapt the local procedures to the group’s rules/ guidelines.
Design, monitor and improve the Company’s internal control in different functions (Sales, Supply Chain, Finance, Marketing, Industrial, Human Resource).
Lead BelKey (internal control self-assessment tool), coordinate with the business process owners to ensure properly implemented the annual self-assessment campaign.
Lead the GRC (Governance – Risks – Compliance) stay clean phase.
Operate as a primary contact for evaluation and remediation of control issues raised by both internal and external auditor.
Conduct and document walkthroughs and flow charts of department processes and procedures.
Participate in special projects and assignments and perform other compliance checks as assigned.
Build awareness and knowledge of internal control concepts and best practices throughout the company.
2) Examples of issues encountered by the job holder as well as nature and level of complexity (such as uncertain environment, need for innovative solutions, coordination with other departments, time constraints, etc.)
Coordination & develop good working relationship with cross functions, at the same time maintain independence.
Need to understand the rationale of business decisions & processes in order to provide practical recommendations that provide added value to business functions.
Communicate the internal control issues to the General Manager, senior member of the Excom and business process owners in an effective way which shows a proper understanding of the business process, the risks associated and the impacts to the business if control action will not put in place.
3) Key performance indicators and impact on results (qualitative and quantitative)
Accuracy, timely of report; reliability, and thoroughness of work performed. Provide practical recommendations to remedy internal control weaknesses.
Ability to communicate effectively and develop good working relationships with other employees is essential to accomplish goals and objectives of the department.
Team work & leadership.
Internal Control APAC (for Japan, Korea, ANZ):
Develop and put in place in the zone the group projects/procedures/flows related to internal controlling. Build awareness and knowledge of internal control concepts and best practices throughout the companies in APAC.
Make sure the local procedures are in line with the group procedures and are updated on a regular basis.
Monitor the SAP stay clean phase (GRC-CUP) by validating user risk, performing mitigating controls and providing recommendations for user business role modifications.
BelKEY: Make the BELACT tool available for each annual campaign and check the status of the controls per entity, follow-up the action plans and help the entities to put in place the missing controls. Train the new users to the BELACT tool.
Requirements & Qualification
Minimum degree and experience required:
Bachelor’s Degree in Finance or Accounting, ACCA is preferred.
At least 4-5 years of experience in a large audit firm or within a large international corporation or equivalent related experience. Experience working within a manufacturing or CPG/FMCG company is a plus.
Strong knowledge of internal control concepts and best practices.
Familiarity with systems knowledge, especially SAP is a plus
Technical skills needed:
Masters the whole internal control procedures and processes, and transfers his/her knowledge.
Defines root causes of deficiencies, performs operational audits, recommends corrective actions and convinces internal stakeholders of the legitimacy of his/her recommendations.
Ensures the implementation of corrective action plans previously defined with internal audit and agreed with management.
Challenges processes and procedures to reflect external governance best practice.
Evaluates legal, regulatory tax and customs practices in order to identify and communicate inconsistencies and propose solution.
Accounting & Financial Analysis
Audits and validates accounting entries in order to ensure the integrity and reliability of data and its compliance with internal and external accounting policies, in relation with audit firms.
ssues guidance and opinions on accounting policy at local level and convinces others.
Provides clear explanations on the translation of business transactions into Group accounting statements.
Ability to audits financial and management reports (e.g.: income statements, balance sheet and cash flow statements) using different sources.
Risk Management and Analysis
Analyses risks and delivers conclusions for corrective actions within his/her scope.
Ensures the implementation of corrective action plans related to risk management within his/her scope.
Processes and Information Systems
Be able to analyzes systems, workflows and processes current capabilities and identifies opportunities for improvement of the speed and the quality.
Personal skills needed:
Willing and interesting to build and grow in small structured international organization.
Energetic, organized, dynamic, self-driven, result and solution oriented.