Job Description

GENERAL SUMMARY:

Perform financial and operational audits to evaluate the effectiveness of internal controls in all business areas and report findings to the Head of Internal Audit and Senior Management.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

Perform audit work including examining and evaluating information, recommending in writing process and/or control improvements and communicating results.
Evaluates and identifies significant organizational risks, assesses risk during the course of audits and makes written recommendations to improve the risk management process.
Evaluates internal controls to determine their effectiveness and efficiency and makes written recommendations for process improvements, cost savings and/or revenue enhancements.
Reviews operations and programs to ascertain whether results are consistent with established goals and objectives and whether the operations and programs are being implemented and performed as planned.
Examines the reliability and integrity of financial and operating information and the means used to identify, measure, classify and report such information.
Assesses the processes established to ensure compliance with policies, plans and procedures and determines whether the organization is in compliance.
Analyzes the Information Technology (IT) environment including the planning, administration, operations and control as it relates to both hardware and software.
Communicates in writing the results of audit to the Head of Internal Audit and senior level executives.
Monitors progress of management actions taken on performed audits and significant reported risks.

KNOWLEDGE, SKILLS/ABILITIES & EXPERIENCE TO DO THE JOB:

BS or BA required.
Minimum 3-5 years experience in Accounting, Finance or related business field.
Experience in Public Accounting and/or internal audit a plus.

DISCLAIMER:

The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees as assigned to this job. Nothing herein shall preclude Taro Pharmaceuticals from changing these duties from time to time and assigning comparable duties or other duties commensurate with the experience and background of the incumbent(s).

Taro Pharmaceuticals provides equal employment opportunities for all current employees and applicants for employment. No one will be discriminated against because of race, religion, creed, color, national origin, nationality, citizenship, ancestry, sex, age, marital status, physical or mental disability, sexual orientation, military or veteran status, genetic predisposing characteristics or any other basis prohibited by law.

JOB TITLE: Senior Internal Auditor

DEPARTMENT: Internal Audit

REPORTS TO: Head of Internal Audit

DIRECT REPORTS: None

This job was posted on Sun Dec 29 2019 and expired on Tue Jan 14 2020.

Minimum $81K /yr

$100K /yr Average

Maximum $145K /yr

Tasks

Prepare detailed reports on audit findings.

Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.

Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.

Supervise auditing of establishments, and determine scope of investigation required.

Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.

Prepare, analyze, and verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.

Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.

Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.

Confer with company officials about financial and regulatory matters.

Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.

Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.

Examine inventory to verify journal and ledger entries.

Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.

Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.

Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.

Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.

Examine records, tax returns, and related documents pertaining to settlement of decedent's estate.

Produce up-to-the-minute information, using internal computer systems, to allow management to base decisions on actual, not historical, data.

Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records.

Conduct pre-implementation audits to determine if systems and programs under development will work as planned.

Skills

Reading Comprehension - Understanding written sentences and paragraphs in work related documents.

Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Speaking - Talking to others to convey information effectively.

Mathematics - Using mathematics to solve problems.

Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.

Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.

Coordination - Adjusting actions in relation to others' actions.

Persuasion - Persuading others to change their minds or behavior.

Negotiation - Bringing others together and trying to reconcile differences.

Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.

Time Management - Managing one's own time and the time of others.

Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.

Knowledge

Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.