Department: Finance DepartmentSalary: $70,166.00 - $100,864.19 Commensurate with Experience
SUMMARY
The Financial Internal Control and Systems Division (ICSD) supports the City’s commitment to well-managed government by establishing standards for financial internal control in alignment with the COSO Internal Control and ERM frameworks and increasing standardization, efficiency, fiscal accountability, and oversight of the City’s financial functions and financial management systems citywide. ICSD prioritizes an environment of control, compliance and centralized oversight by supporting the effective design, implementation, operation and monitoring of internal control components and management systems. ICSD staff are responsible for developing and maintaining significant working knowledge of the city’s financial functions and management systems.
As a member of ICSD, the Financial Internal Control Associate Senior works with other ICSD staff, Finance department staff, City department heads, City staff, and other financial professionals inside the organization. Under the leadership of the Financial Internal Control and Systems Assistant Division Manager, this position supports citywide compliance with established COSO Internal Control and ERM standards, financial policies, processes, and procedures related to the City's financial functions and financial systems in general and as specifically related to the role’s assigned financial function(s).
Major Duties and Responsibilities
- Ensures the integrity of the City’s financial data utilizing COSO internal control concepts.
- Serves as a resource to all City departments engaged in activities related to the assigned financial function(s) to ensure that employees adhere to established internal control standards and applicable financial policies, processes, and procedures.
- Oversees and monitors citywide departmental staff performing activities related to the assigned financial function(s).
- Conducts data analysis, process reviews and transaction audits to assess and verify accuracy and compliance related to the assigned financial function(s).
- Participates in ICSD planned and ad-hoc special assessment projects in collaboration with Finance divisions’ staff, business process owners, subject matter experts and stakeholders and culminating in recommendations for new or revised policies, business process improvements and procedures development:
- Supports analysis of the severity of control deficiencies and their impact to internal controls over financial reporting including root cause analysis, unmitigated impacts, and sustainability of corrective actions.
- Participates in development and drafting of new citywide policies or revisions of existing policies to address identified gaps in compliance guidance and to establish control activities.
- Assesses efficiency and effectiveness of business processes and recommends process improvements to streamline while remaining COSO compliant.
- Supports business process improvement efforts to review and document priority business processes (both process narratives and process flow diagrams), assessing presence, relevance, and design effectiveness of key COSO internal controls.
- Supports the design of robust and effective monitoring strategies to assess the City’s quality of performance over time and ensure errors and irregularities are prevented to the greatest extent possible.
- Manages deliverables and assignments to ensure timely, positive, quality deliverables.
- Participates in relevant career growth, training, and development opportunities to support the Internal Control Division in achieving strategic goals and objectives.
- Other duties as assigned.
Knowledge, Skills and Abilities:
- Comprehensive understanding of generally accepted accounting principles for governmental organizations
- Knowledge and experience in COSO Internal Control and ERM frameworks over financial functions
- Working knowledge of the City’s financial function and systems.
- High level of interpersonal skills and the ability to communicate effectively orally and in writing to all levels within the organization
- Strong technical and problem-solving skills
- MS Visio, Project, Excel, Word experience
- Ability to work both independently and as a team member
- Ability to build and maintain relationships with Finance and Citywide staff
- Ability to think creatively and recommend alternatives to get around obstacles
- Ability to prioritize, multi-task and meet deadlines
- Aptitude for learning a variety of software applications
- Aptitude in researching and analyzing various types of data metrics specifically related to financial transactions and processes
Minimum Qualifications:
- BA/BS with a concentration in finance, accounting or related field
- Minimum of 5 years of financial and/or accounting experience
Preferred Qualifications:
- COSO Internal Control - Integrated Framework Certified
BENEFITS
The City of Charlotte provides a comprehensive benefits package to eligible employees.
Click here to learn more about the City of Charlotte’s benefits.
The City of Charlotte is a drug and alcohol-free workplace.
