Financial Controls Senior Manager

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Location:
Philadelphia, PA US
Worker Type :
Salary
Services:
Corporate
Posted Date:
4/17/2018 12:30:03 PM
Category:
Finance and Accounting
Work Type:
Fulltime-Regular
Line of Business:
Corporate
ID:
168064
Overview:

Aramark (NYSE: ARMK) is in the customer service business across food, facilities and uniforms, wherever people work, learn, recover, and play. United by a passion to serve, our more than 270,000 employees deliver experiences that enrich and nourish the lives of millions of people in 22 countries around the world every day. Aramark is recognized among the Most Admired Companies by FORTUNE and the World’s Most Ethical Companies by the Ethisphere Institute. Learn more at www.aramark.com or connect with us on Facebook and Twitter.



Description:

Reporting to the Associate Vice President (AVP), Financial Controls within Aramark’s Audit and Control Services Group, with shared reporting to the Vice President of Finance within a business sector, the Financial Controls Senior Manager is based in Aramark's headquarters in Philadelphia and is responsible for advancing financial compliance efforts, including reviewing, designing, testing and implementing internal controls, policies, and procedures to ensure ongoing compliance with all laws, regulations, and contractual requirements that apply to the operations and financial reporting of Aramark within his/her assigned business sector.

 

This position supports management’s annual assessment of the effectiveness of internal control over financial reporting (ICOFR) as required under Section 404 of the Sarbanes Oxley Act. This assessment includes evaluating the design and operating effectiveness of internal controls designated as critical to business processes in both field and headquarters locations. The role includes working with process owners within a business sector to guide them in the preparation and updating of business process narratives, flowcharts and control matrices, managing the ICOFR testing process, evaluating action plans for deficiencies identified for remediation and overseeing the evaluation of unremediated control weaknesses or exceptions to assess whether they represent deficiencies, significant deficiencies or material weaknesses.

 

The individual is also responsible for coordinating investigation and reporting of potential violations of Aramark’s Business Conduct Policy (BCP) within his/her assigned business sector, conducting exception-based reviews of key balance sheet accounts to prevent and detect fraud and financial reporting errors, and tracking and reporting results in these areas to the AVP, Financial Controls and sector VP of Finance. The role includes participating in the development and implementation of communications on compliance issues and other external and internal regulatory matters within a business sector and at the enterprise level. The position will also be responsible for various special projects, as assigned.

The position works closely with senior management across all functions, including Finance and Accounting, Legal, Human Resources and Information Technology to understand compliance goals and requirements and develop key processes and tools to achieve necessary outcomes. The individual must also work collaboratively with field operations and key functions to drive necessary processes, including assisting in both understanding and correcting root causes that may prevent ongoing compliance.

 

Essential Job Functions (Financial Controls and Audit):

  • Provide leadership in the implementation and maintenance of internal controls and present recommendations for process improvement.
  • Review and update business processes and internal controls (i.e., policies and procedures) in narrative and/or flowchart form, as required for ICOFR compliance.
  • Work with process owners to perform walkthroughs from initiation to recording in the financial statements to ensure business process narratives and/or flowcharts adequately document each process and its underlying controls and to ensure the design of each control is adequate and addresses the relevant risks.
  • Effectively use deliberate influence strategies to impact, shape, or re-direct the behaviors of others, without formal authority.
  • Identify areas that impact the reliability of financial statements; audit and review selected accounting practices and internal controls over financial reporting pursuant to Aramark Policies and Procedures.
  • Design a comprehensive test plan (field and headquarters locations) in accordance with Aramark ICOFR Protocol Statements, coordinate and execute testing, evaluate action plan for any required remediation of deficiencies and assist in evaluation of the significance of any unremediated deficiencies. Document testing results in accordance with Aramark ICOFR Protocol Statements.
  • Provide assistance and act as a point of contact to Aramark’s external auditors in conjunction with ICOFR testing results.
  • Stay up to date with relevant ICOFR developments including related legislation and elements of best practice.
  • Develop and execute an ongoing process for monitoring, testing and reporting compliance. Additional areas of compliance review include AP and inventory activity, travel and expense reports, project work, procurement cards, and capital procurement.
  • Perform field training on internal controls and company audit standards.
  • Participate in BCP investigations, action plan development and action plan completion.
  • Support internal audits separate from ICOFR requirements, track action plan development and completion.
  • Identify potential areas of compliance vulnerability and risks, or opportunities to strengthen internal compliance efforts and present recommendations for process improvement.
  • Design, implement, and review strategic and operational audits


Qualifications:
  • The successful candidate will have a Bachelor’s degree in Accounting/Finance.
  • Minimum of 5 years of progressively responsible audit/accounting experience is required.
  • Experience in design, implementation, monitoring and managing internal control audit plans is required.
  • Possess knowledge of U.S. GAAP and ICOFR Compliance best practices.
  • Experience with operational and financial reviews of service contracts is preferred.
  • Position requires excellent interpersonal and communication skills, sound judgment and ability to learn quickly while working in a fast-paced, dynamic environment.
  • Working knowledge of PC and business analytics is required.
  • Individual should demonstrate initiative and be able to work independently.
  • CPA Required

 

Travel: 50% travel is required




Aramark is an EQUAL EMPLOYMENT OPPORTUNITY/AFFIRMATIVE ACTION employer – Minority/Female/Disability/Veteran

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