Financial Controls Job Description
Financial controls
provides education and training to Finance and Back-Office areas and support them in improving their internal control processes.
Financial Controls Duties & Responsibilities
To write an effective financial controls job description, begin by listing detailed duties, responsibilities and expectations. We have included financial controls job description templates that you can modify and use.
Sample responsibilities for this position include:
Maintain strong knowledge of business processes in areas of responsibility and properly identifies key SOX/MAR/FED processes, risks and controls that impact the reliability of financial statements
Support global compliance with Sarbanes-Oxley compliance
Maintain strong knowledge of business processes in areas of responsibility and properly identify key SOX/MAR/FED processes, risks and controls that impact the reliability of financial statements
Prepare GL Attestation system (PEGA) files and maintain US Subledger to eGL mapping system (ADAM)
Prepare Subledger to eGL reconciliation for US and UK
Search and confirm assigned GL attestation account ownerships for US and UK
Perform UAT for PEGA enhancements to ensure efficient and effective reporting and data integrity
Collect and consolidate submissions of aging items for New York
Prepare SOD Scorecard Summary for Wholesale Finance
Assist with preparation of monthly regional attestation deck for US and UK
Financial Controls Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Controls
List any licenses or certifications required by the position: CPA, SOX, CIA, CISA, MBA, CFO, CEO, PM, CA, FACT
Education for Financial Controls
Typically a job would require a certain level of education.
Employers hiring for the financial controls job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business/Administration, Business, MBA, Education, Economics, Management, Finance/Accounting, Auditing
Skills for Financial Controls
Desired skills for financial controls include:
US GAAP
COSO 2013
Sarbanes-Oxley
PCAOB Practice Alerts
Practices
SAP and MS Office
Business processes
ICOFR Compliance best practices
Internal control concepts and auditing standards
Microsoft Office and strong technical proficiency in Excel and Access
Desired experience for financial controls includes:
Accurate and timely preparation of various GL Attestation reports for Enterprise Attestation Committee and Wholesale Finance Global Attestation Committee
Monitor identified CCAR risk exposures and evaluate adequacy of risk mitigation efforts
Support process owners in CCAR related operational risk activities across the Global Finance organization
Identify and monitor metrics to support Global Finance Process Leadership in managing CCAR operational risks, including the Risk Dashboard, Key Risk Indicators, and Risk Events reporting
Elevate the risk knowledge of the Global Finance team
Execute Sarbanes Oxley (SOX)/Model Audit Rule (MAR)/Fed Regulatory Reporting (Fed) compliance efforts, including proper identification of key risks and controls that impact the reliability of financial statements and evaluating controls
Financial Controls Examples
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Financial Controls Job Description
Job Description Example
Our company is growing rapidly and is looking for a financial controls. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial controls
- Manage consultant resources, ensures strong documentation is maintained to support testing and completes testing within the established timeline
- Participate in walkthroughs of key processes and controls to assess the design of key controls over financial reporting
- Ensure walkthroughs are documented consistent with FCU standards
- Identify, evaluate and write up issues
- Ensure control gaps are understood by process owners and collaborate with process owners on development and monitoring of mitigation plans
- Provides guidance and oversight to business operations as the business executes on controls procurement transactions, including purchase order creation, prepayments to vendors, proper receiving and invoicing before payment, to ensure adherence with Global Sourcing and related policies and procedures
- Performs preventative controls including review and approval of procurement transactions, such as the ones described above, on a sample and threshold basis
- Provide broad range of day to day finance operational support to local Finance and Administration team such as analyzing billing and revenue variances
- Success in this role will be measured by work product and competencies exhibited
- Complete monthly CGID reconciliation including investigation and explanation of reconciliation variances by systems
Qualifications for financial controls
- Complete monthly foreign branch settlements, capital injections as required and maintain reporting related to investments in foreign branches
- Prepare monthly/quarterly OCE/OCI reporting including external disclosure requirements
- Prepare monthly Goodwill and Intangibles reporting including external disclosure requirements
- Generate enterprise wide centrally monitored report, investigate any variances and ensure the monitored balances are included in the GL Attestation workflow process
- Generate and monitor monthly unassigned system balances
- Complete monthly GL Attestation and SOD/eSOD in compliance with bank policies
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Financial Controls Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of financial controls. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for financial controls
- Complete adhoc reporting and wire payments as required
- Acting as the primary liaison between the Corporate office and regional accounting management
- Effective management/coordination of all areas that are involved in the closing process which would affect the local preparation of the reporting and/or regional office financial packages
- Ensuring all post close journal entries and SAB 99 items are properly documented and justified including tracking of the life cycle of these transactions from creation to actual recording in the local office ledgers in the subsequent quarter
- Initiating enhancements and quality improvements to ensure the closing process provides management with sufficient information to understand the key financial and business metrics
- Acting as the primary reviewer of balance sheet and income statement analytics for select reporting offices in conjunction with Sarbanes Oxley 404 and other corporate requirements
- Maintenance and tracking of internal metrics utilized by senior management to track the progress of the quarterly financial close across International
- Development of enhanced models to improve analytic deliverables from regional and reporting offices
- Development and presentation of training materials on a quarterly basis to provide updates in reporting requirements and educate personnel across the world via webinar to further enhance and improve financial reporting deliverables
- Development of legal entity analysis packages for Federal Reporting and investigating / providing timely responses to Federal questions
Qualifications for financial controls
- Creation and monitoring of Quality Control reports and KPI reports for SOX Team
- Working closely with the Director, various SOX team members and executives throughout the organization
- Continually improving existing SOX processes and procedures supporting compliance for domestic business units
- Developing and executing the SOX training strategy for internal SOX resources, the overall SOX program across the organization
- Serving as key member of the SOX leadership team in the development, execution, management, and continual evolution of effectiveness of SOX compliance operations
- Working closely with the Director to develop, implement, and execute the annual SOX compliance plan
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Financial Controls Job Description
Job Description Example
Our growing company is looking to fill the role of financial controls. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for financial controls
- Assisting with and overseeing development of the annual budget / forecast for SOX compliance, including periodic re-forecast and review with management
- Actively leading and developing a team of professionals in the execution of the annual SOX compliance plan
- Assisting with the streamlining of SOX documentation, including key internal control rationalization, across the U.S. operations
- Providing assistance and advisory services to business process owners to assist with the development of remediation actions plans, review of control design effectiveness, and impact assessment of anticipated organizational changes
- Coordinating and managing interactions with internal and external audit representatives and the financial controls unit at the consolidated level
- Providing thought leadership and expertise to the senior management team
- Manage all Company’s foreign and statutory audit filings
- Act as liaison between internal audit, management and external audit
- Design and execute tests of operating effectiveness for key internal controls over financial reporting
- Manage consultant resources, ensuring strong documentation is maintained to support testing and completes testing within the established timeline
Qualifications for financial controls
- Perform walkthroughs of key processes and controls to assess the design of key controls over financial reporting
- Assess control design impacts resulting from process changes and transformation initiatives
- Identify, evaluate and document issues
- Ensure control gaps are understood by process owners
- Knowledge of financial analysis principles
- Fully support the WIP Analysis on the S92 program
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Financial Controls Job Description
Job Description Example
Our growing company is hiring for a financial controls. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial controls
- Assist in establishing a centre of expertise for GL attestation, including Controls and Governance in Toronto
- Maintain appropriate control metrics and support platform group head and controller with monthly attestation reporting and analysis and aged receivables/payables reporting
- Research new account ownership for accurate attestation results as part of the monthly GL attestation process
- Assist in the resolution of PEGA system related issues involving the users, Participate in UAT and assist in leading improvement and enhancement requests and perform monthly data reconciliations and analysis
- Prepare monthly attestation analysis and summary for senior management in the Attestation Council
- Work on special projects as assigned by manager to enforce controls across the bank
- Completion of special projects
- Assist the Manager of SRR Financial Controls to manage GL attestation monitoring and reporting process for US Capital Markets
- Assist Manager, SRR Financial Control to manage GL Attestation monitoring and reporting process in Caribbean Banking
- Responsible for performing daily and monthly reconciliations including preparation of journal entries
Qualifications for financial controls
- Technical Accounting knowledge of various accounting literature (GAAP, COSO, SEC)
- Provide financial support to the Programs Delivery Team (PA) and the Programs Support team (CT)
- Manage the timely delivery of all PWA’s for the S-92 platforms
- Actively participate in ACE related activities especially surrounding the CWA to PWA Key business process
- Support the SGH Bid & Proposal process by creating charge numbers, reporting of actuals, and assisting in the monthly forecast and planning process
- Perform weekly reporting on a variety of S-92 topics
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Financial Controls Job Description
Job Description Example
Our company is searching for experienced candidates for the position of financial controls. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial controls
- Own and manage the end to end pricing function for Surface Devices, Accessories, and Warranties
- Partner closely with Surface Marketing and Engineering to determine pricing strategies for all product lines at launch and end of life
- Develop tools, processes, and governance mechanisms to support pricing integrity and drive optimal revenue and gross margin of the Surface portfolio of products
- Partner closely with MS Operations and EDSG to add new skus to MS Price Lists and assure that downstream processes and systems are performing as expected
- Influence and drive processes and tools improvement leading automation project initiatives in partnership with MS Operations, Marketing, Supply Chain, Demand Planning, and Finance
- Analyze sales and market data to support assumptions and inform pricing strategies and decision making
- Benchmark weekly competitive MSRP pricing in multiple markets and skus across the world
- Maintain and build detailed pricing models that account for partner economics and thus list prices
- Manage pricing escalations and approval processes for commercial bids overseeing reviews and analysis of the deal economics and negotiation strategies for successful execution supporting
- Manage a high-performing team of FTEs
Qualifications for financial controls
- Demonstrate strong analytical and problem solving skills with attention to reporting accuracy and detail
- Advanced user proficiency with computer applications, such as Microsoft Excel, Word, Access, Visio and PowerPoint, spreadsheet/financial accounting skills, and any other related accounting software
- Strong Microsoft Access, Excel, and VBA skills is required
- BA/BS degree in Accounting or related field is required
- Experience in public accounting and broker/dealers is preferred
- Six Sigma certification is highly preferred