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Regional Internal Audit Manage

Location: Noida, UP, India - Unit No. 1, 2/F. WTT Tower B WTT, C-1, Sector 16
Job ID: 1107984
Job Type: Full-Time
Date Updated: Nov 22, 2021

General Description

JCPenney Purchasing Corporation Position Description
 
Position: S68 - REGIONAL INTERNAL AUDIT MANAGERComp %: 10Date: 04/25/13
 
Basic Functions:
Responsible for planning, developing, managing and performing audits, including specialized or technical audits, of business processes within the jcpenney Purchasing Corporation (JCPPC) to determine if systems and controls are in place, resources are used effectively, and financial records are accurate.
 
Principal Responsibilities:
1. Conducts risk assessments of each business function/operation within JCPPC to identify the relative risk of each business function.
2. Works with Auditing Management in the U.S. in preparing and establishing priorities based on specialized knowledge of key risks and exposures, and participates in developing the schedule of audit assignments and audit plans. Maintains high degree of knowledge about the business, and remains aware of trends in the industry.
3. Conducts end to end process reviews that cross over financial, regulatory and operational activities within the responsibilities of JCPPC, including International Sourcing, Quality Assurance and Product Development, as well as International Transportation.
4. Evaluates the quality of critical financial business processes and/or operational applications or systems in a specific business function.
5. Conducts audits of an assigned activity, including specialized activities with a high degree of professional competence and technical expertise. Determines and/or recommends the scope and objective of specialized audits utilizing the technical tools/techniques most appropriate and productive for the project, including the potential use of outside resources.
6. Gathers relevant information within an assigned activity to identify how the activity supports the business, the major risks within that activity and the controls developed to manage the risks.
7. Identifies control issues, articulating the finding, cause, effect and recommendations for improvement.
8. Documents findings to fully substantiate recommendations for changes and improvements to systems, controls and/or procedures.
9. Communicates specific audit concerns and findings to the appropriate levels of operating management. Also, communicates overall summary of audit results to operating management on a regular basis and alerts management to unusual or high-risk situations requiring immediate action.
10.Works under the direction of Legal to conduct special investigations in specified areas upon request or as indicated by audit findings in the following circumstances: suspected misappropriation of Company funds or property, falsification of Company financial records, or other actions by associates or outsiders that could be detrimental to the Company.
 
Scope Data:
Reports To: DVP - Audit
Supervises: N/A
 
Knowledge & Skills:
Education: University degree in Accounting, CA, CPA, CIA or equivalent professional certification is desired.

Experience:
1. Minimum of five to seven years audit experience, preferably Big 4, working with Western based companies conducting business in India.
2. Detailed experience executing risk assessments and performing risk-based operational and financial auditing with a general understanding of US GAAP.

Specialized:.
1. Strong interpersonal and communication skills including written and spoken in English, and also speak Hindi.
2. Strong working knowledge of local business practices and customs (knowledge of culture and local laws), especially in India.
3. Ability to work independently with very limited day to day direct supervision.
4. Strong analytical skills with a proficiency in Excel and other Microsoft Office programs are required, as well as a working knowledge of basic query tools and audit techniques.
5. Global apparel sourcing/manufacturing background a plus.





 
 
Recommendations:
1.Financial Controls/Operations Improvements.
2.Short and long-term audit priorities and new areas for initiating technical projects.
 
Key Relationships:
1. Coordinates with appropriate management associates of assigned audit area, functional area, or division of the to formulating priority audit plans and audit findings in the activities audited.

2. Works with Senior Management, Unit Managers and other Associates in performing duties and responsibilities
 
Key Challenges:

1. Planning and organizing the work of others on a project basis as well as integrating and coordinating their specialized work with other audit groups and management in the functional area.
2. Staying abreast of audit trends from a professional and technical viewpoint sufficiently to allow efficient utilization of resources, and developing new means to perform audit work more efficiently and thoroughly using technology.
 
Decision Making:
1.Design and implementation of the audit work to be performed.
2.Identification and use of data sources that need to be selected to accomplish the audit objective and approvals needed for access.
 

Job Title: Regional Internal Audit Manage
Location: Noida, UP, India - Unit No. 1, 2/F. WTT Tower B WTT, C-1, Sector 16
Job ID: 1107984

J.C. Penney Company Inc.
Plano, Texas

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