Senior Internal Auditor

Job description

Job Posting: Since 1953, Ferguson has been a source of quality supplies for a variety of industries. Together We Build Better infrastructure, better homes and better businesses. We exist to make our customers’ complex projects simple, successful, and sustainable. We proactively solve problems, adapt and grow to continuously serve our customers, communities and each other. Ferguson, a Fortune 500 company, is proud to provide best-in-class products, service and capabilities across the following industries: Commercial/Mechanical, Facilities Supply, Fire and Fabrication, HVAC, Industrial, Residential Trade, Residential Building and Remodel, Waterworks and Residential Digital Commerce. Ferguson has approximately 36,000 associates across 1,700 locations. Ferguson is a community of proud associates who operate with the shared purpose of building something meaningful. You will build a career that you are proud of, at a company you can believe in. The Senior Internal Auditor reports to Manager – Internal Audit and plays an important role in assessing and enhancing business processes and internal controls across Ferguson’s business units. You’ll work in a team environment and conduct risk-based operational, financial, and commercial audits as well as other special projects that provide assurance on Ferguson’s internal control environment or advise on improvements in effectiveness, efficiency, and risk management. The Senior Internal Auditor executes the complete audit cycle including planning, risk assessment, fieldwork, and reporting. Location: This role is approved to be fully remote and can be based anywhere in the United States. This role can also by hybrid out of Ferguson's corporate offices in Newport News, VA, according to Ferguson policy. Must be available to work East Coast hours. Travel: Travel 10-35%, including Canada; for remote staff, travel to Newport News, VA HQ at minimum annually in addition to audit location travel. Responsibilities: Integrates the IPPF components into audit engagements to ensure conformance with mandatory requirements and leading practices. Develops and implements the audit program, communicates engagement objectives and scope to stakeholders, documents process walkthroughs and flowcharts, develops analytical procedures and sample-based testing, and gathers evidence to support conclusions. Drafts engagement findings and assists with compiling into a draft report and distributing results to management. Presents findings in close meetings with stakeholders. Leads audit engagements, facilitating discussions with management on risk mitigation efforts and the feasibility of process improvements. Complete first-level review of workpapers and provide coaching notes to audit team, focusing on development and feedback. Evaluates fraud risk assessment processes and controls, conducts audit procedures to identify and analyze potential fraud indicators, and identifies discrepancies between established fraud procedures and gathered evidence, discussing possible root causes with management. Participates in meetings and collaborates with management to coordinate assurance coverage and reduce redundant testing. Skills and Expectations: Evaluates compliance programs' effectiveness in providing information to governance bodies, monitoring compliance objectives, providing training, assessing adherence to regulations and policies, and recommending improvements to control processes. Evaluates governance, risk management, and control processes over financial processes, assesses risks related to misstatements and noncompliance, and identifies discrepancies in control processes. Understands the fundamental processes of supply chain management, including strategic sourcing, contract and vendor relationship management, procurement, warehousing, forward and reverse logistics, and inventory management. Applies ethical principles in audit work, ensuring impartiality and adherence to professional responsibilities. Implements audit work in conformance with the Standards and expectations established within the quality assurance and improvement program (QAIP). Responsible for communicating engagement objectives and scope, scheduling and organizing meetings, drafting agendas, writing meeting minutes, identifying follow-up actions, updating project progress reports, and applying effective questioning techniques to enhance audit interviews and discussions Collaborate and liaise with stakeholders and executive leadership to develop relationships and facilitate the achievement of objectives. Demonstrates conflict management skills when resolving minor disagreements with management over the timing and scope of an engagement and seeks support from the engagement supervisor when appropriate. Applies data analytics techniques to identify patterns, anomalies, and trends in data as part of the planning and fieldwork for internal audit engagements. Seek out technological solutions (AI, automation) to create efficiencies in the testing process. Skilled at identifying and effectively articulating the root cause component of the control failure. Demonstrates strong project management and time management skills to ensure engagement objectives are achieved and deadlines are met. Meticulous with extensive expertise in project handling complex engagements Proactively takes initiative and ownership in achieving assigned objectives, ensuring the delivery of high-quality audit work, and continuously developing skills. Demonstrates well-developed problem solving, critical thinking, and analytical skills. Great teammate, collaborative and exhibits flexibility to adapt to changing priorities. Assist in the recruitment of new staff. Considerations: Bachelor’s degree in Accounting, Finance, or related area; Advanced degree is a plus. Minimum of 4 years’ progressive experience in internal/external audit, accounting, or finance. Experience running/leading small teams. Proficiency with the Microsoft Office Suite including PowerBI and Visio; knowledge of Workday, AuditBoard, Oracle, Sage X3 a plus. Experience working in a remote environment a plus. Certification required prior to hire date for the role. Other certifications not listed below will be considered for applicability. Certified Information Systems Auditor (CISA) - Information Systems Audit and Control Association. Certified Internal Auditor (CIA) - The Institute of Internal Auditors - North America. Certified Public Accountant (CPA) - American Institute of Certified Public Accountants. Certified Fraud Examiner (CFE) – Association of Certified Fraud Examiners At Ferguson, we care for each other. We value our well-being just as much as our hard work. We are committed to a holistic approach towards benefits plans and programs that support the mental, physical and financial well-being of our associates. Our competitive offering not only includes benefits like health, dental, vision, paid time off, life insurance and a 401(k) with a company match, but our associates also enjoy additional meaningful and inclusive enhancements that are adaptable to their diverse situations and needs, including mental health coverage, gender affirming and family building benefits, paid parental leave, associate discounts, community involvement opportunities and more! - Pay Range: - Actual pay rate may vary depending upon location. The estimated pay range for this position is below. The specific rate will depend on a candidate’s qualifications and prior experience. - $6,858.34 - $10,975.00 - Estimated Ranges displayed are Monthly for Salaried roles OR Hourly for all other roles. - This role is Bonus or Incentive Plan eligible. - Ferguson complies with all wage regulations. The starting wage may be higher in certain locations based on local or state wage requirements. - The Company is an equal opportunity employer as well as a government contractor that shall abide by the requirements of 41 CFR 60-300.5(a), which prohibits discrimination against qualified protected Veterans and the requirements of 41 CFR 60-741.5(A), which prohibits discrimination against qualified individuals on the basis of disability. Ferguson Enterprises, LLC. is an equal employment employer F/M/Disability/Vet/Sexual Orientation/Gender Identity. Equal Employment Opportunity and Reasonable Accommodation Information