Senior Manager of Internal Audit - Chicago, IL in Chicago, IL

POSITION SUMMARY
Under the direction of the Senior Director, Compliance and Controls, this position is responsible for coordinating the annual audit plan over the corporate areas in scope, IT and the various manufacturing and distribution locations of Corporation and its subsidiaries for the purpose of evaluating the reliability of financial reporting, the adequacy of internal controls over financial reporting and safeguarding of assets, and the degree of entity compliance with corporate or subsidiary policies and procedures. Additionally, manage and develop a team of auditors responsible for the execution of the annual audit plan, which encompasses all of the Corporation's departments, IT and its operating plants, distribution centers, warehouses, order centers and subsidiary headquarters. Lastly, this position is responsible for compliance with the Sarbanes-Oxley Act (Section 404) activities, including tracking exceptions identified through corporate and field testing and communicating results to the 404 Steering Committee.
KEY ACCOUNTABILITIES AND RESPONSIBILITIES
*Assist the Audit Manager with managing the annual audit plan and unannounced audits, ensuring sufficient coverage of all *departments and locations. *Manage and develop up to seven auditors in the areas of operations and compliance auditing to develop a broader skill base and level of understanding of risks. Tasks include interviewing, hiring, goal setting, training, developing, performing evaluations and taking corrective action if necessary. Focus on developing staff with succession planning in mind, grooming staff for additional responsibilities. *Supervise audit activities, performing work paper review and field visits to assess compliance with audit objectives and adequacy of procedures/documentation performed.
*Prepare audit reports of observations, summarizing opportunities to improve processes and controls, and present results to management. Work with management to develop appropriate action plans to address identified deficiencies. *Develop, design and coordinate the preparation of the annual audit plan. Perform appropriate risk assessment working with appropriate subsidiary and corporate senior and executive management.
*Select, develop and motivate a staff capable of performing the audit function. Perform semi-annual and annual performance evaluations for all auditors. Actively recruit new auditors for open positions. *Provide periodic status update to the 404 Steering Committee and senior management, tracking status of implementation, progress made to date, control gaps identified and status of remediation activities. *Prepare and present audit results in year-end management meetings. Meet with senior management in an effort to understand the needs / wants of management and incorporate into the audit programs of corporate areas, IT, the plants and L&W centers.
*Responsible for budget preparation and monitor expenditures within budgetary guidelines. *Complete the 404 and the annual risk assessment to determine the yearly audit plan and the corporate areas to be audited for the upcoming year.
*Work with external auditors and assist them as needed to ensure their goals/activities are achieved. When needed, coordinate audit activities related to their attestation on internal controls over financial reporting.
*Perform special reviews at the request of Senior Management or the Audit Committee.
*Participate in investigations as necessary.
KEY QUALIFICATIONS