We are seeking a highly organized and detail-oriented Internal Control Manager to oversee and ensure the effectiveness of internal controls within our Aluminum and Copper Recycling Plant.
The successful candidate will be responsible for implementing and maintaining a robust internal control framework that minimizes financial risks, ensures compliance with corporate policies, and enhances operational efficiency.
The Internal Control Manager will work closely with management to assess risks, identify control gaps, and recommend improvements to processes and systems.
Key Responsibilities
Internal Control Framework:
Develop, implement, and monitor internal control systems to ensure accuracy and integrity of financial reporting, operational effectiveness, and compliance with company policies and industry regulations.
Design and update internal control policies and procedures to mitigate financial, operational, and compliance risks.
Ensure that internal control practices are in line with global best practices and industry standards.
Risk Assessment and Management:
Conduct regular risk assessments to identify potential areas of vulnerability or exposure to fraud, inefficiency, or non-compliance.
Analyze key business processes and identify control weaknesses or areas of improvement.
Implement corrective action plans to address risk areas and improve control mechanisms.
Auditing and Monitoring:
Plan and conduct periodic internal audits of financial transactions, operational processes, and regulatory compliance to ensure the effectiveness of control systems.
Monitor adherence to internal controls by performing ongoing reviews and assessments of key business functions, including procurement, inventory, financial reporting, and production.
Provide timely and accurate reports on internal control audits, highlighting findings, recommendations, and follow-up actions.
Financial Reporting and Compliance:
Ensure accuracy, completeness, and reliability of financial reports in accordance with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
Oversee the preparation of internal control documentation for external audits, ensuring timely responses and support during the audit process.
Ensure compliance with local, state, and federal regulations related to finance, safety, and environmental practices.
Training and Development:
Provide training and guidance to staff at all levels on internal control standards, procedures, and best practices.
Collaborate with other departments to improve employee understanding and adherence to control procedures and compliance requirements.
Develop and promote a culture of risk management and control awareness throughout the organization.
Continuous Improvement:
Review and evaluate the effectiveness of existing controls, recommending improvements and automation where necessary.
Work with the finance and operations teams to streamline processes and increase efficiency without compromising control effectiveness.
Stay updated on industry trends, emerging risks, and regulatory changes to ensure that internal controls remain relevant and effective.
Qualifications and Requirements
Education: Bachelor's Degree in Accounting, Finance, Business Administration, or a related field.
A Master's degree or professional certification (e.g., CPA, ACCA, CISA) is an advantage.
Experience: Minimum of 5 - 7 years of experience in internal control, auditing, or finance, with at least 3 years in a managerial role.
Experience in the manufacturing or recycling industry is preferred.
In-depth knowledge of internal control frameworks such as COSO and risk management principles.
Strong understanding of financial reporting standards (GAAP, IFRS) and regulatory compliance.
Experience with audit processes and internal control evaluations.
Proficiency in financial and ERP systems (e.g., SAP, Microsoft Dynamics) is an advantage.
Skills:
Strong analytical and problem-solving skills with attention to detail.
Excellent organizational and project management skills.
Strong communication and interpersonal skills with the ability to collaborate with cross-functional teams.
Ability to work independently and manage multiple priorities in a fast-paced environment.
Proficient in Microsoft Office Suite (Excel, Word, PowerPoint) and other relevant software.
Preferred Skills:
Experience in the aluminum and copper recycling or manufacturing industry.
Familiarity with environmental, health, and safety (EHS) regulations is a plus.
Ability to develop and implement automated control processes to increase efficiency.
Physical Requirements:
Ability to work in an industrial setting, including walking through plant facilities and interacting with production teams.