POSITION: 

Internal Audit Associate

• This position will report to the TINA Internal Audit manager.

COMPANY OVERVIEW: 

Toyota Industries North America, Inc., an American Holding Company providing shared professional services to all North American entities of Toyota Industries Corporation (Japan). The company is headquartered in Columbus, IN with approximately forty employees in the fields of Information Technology, Accounting/Finance, Tax, Internal Audit, Legal and Human Resources.

JOB SUMMARY: 

This position is responsible for overseeing financial reporting of companies and groups in scope by performing procedures (audits, review, AUP’s etc.) in accordance with standards agreed to meet the financial statements objectives based on US GAAP and/or IFRS. The position will also be assisting in performing audits in compliance with to Japan’s Assessment and Audit of Internal Controls over Financial Reporting requirements (J-SOX), performing other audits and special projects, evaluating management controls and compliance to internal policies, and reporting findings to Senior Management and TICO (parent company) Internal Audit department.

JOB RESPONSIBILITIES

• Financial Statements and Reports audits, reviews and AUP’s
• Perform internal audits of subsidiary financial statements to ascertain that financial statements are following Generally Accepted Accounting Principles (“GAAP”) or International Financial Reporting Standards (“IFRS”).
• Perform special internal audits procedures as requested by management and/or parent company.
• Provide training and education to subsidiaries to implement controls, GAAP, IFRS and other accounting and finance topics.
  • Develop and maintain relationships with subsidiary management.
  • Audit coordination - Present opening meeting to discuss the Financial Statement and other specified audits, procedures, and expectations. Present closing meeting to discuss the results of the audits and next steps.
• Audits related to JSOX compliance
• Controls Testing and Reporting
• Perform walkthroughs of the processes and update necessary modification to the controls documented in the control matrix.
• Perform testing of design and test of effectiveness of key controls.
• Audit Coordination
  • Assist as liaison with the external auditors, Accounting, and other related departments to facilitate effective and efficient external audits of the financial statements and internal controls over financial reporting.
•  Remediation Management
  • Develops and maintains relationships with the management team to act as a consultant for the improvement of processes and internal controls.
  • Follow up on approved recommendations within scheduled time frames and perform testing if needed.
  • Participate in process and internal control improvement initiatives.
  • Manage remediation efforts by assisting business process owners of new controls.

• Participate in audit of TICO’s Self-Assessment Questionnaire, Fraud Monitoring, and/or other ad hoc projects at the request of Senior Management and/or TICO Internal Audit by performing operational, compliance and financial audits and consulting projects to assess the adequacy of internal controls and/or make recommendations for improving the internal control environment, by:
  • Assist the Internal Audit Manager to plan the scope of each requested audit.
  • Preparing work papers to ensure control objectives are identified, risks accurately identified, controls defined, effective audit steps documented, and appropriate documentation that adequately describe testing performed issues identified and verifying that a thorough control assessment is made.
  • Ensuring the factual accuracy and perspective of all reportable issues, with adequate support to justify.
  • Clearly and accurately presenting audit findings and recommendations to auditees and audit management, and;
  • Draft findings are well written and accurately and objectively convey the observation and recommendation in the appropriate context.
  • Continuously improves the audit process on a going forward basis to increase efficiency and/or effectiveness of the audits.
• Ability to travel 30-40%
• Perform other job-related duties as assigned.

EDUCATION/EXPERIENCE AND SKILLS:

• Bachelor’s degree in accountancy or business administration concentration in accounting or equivalent.
• 2 to 3 years of experience in External or Internal Audit or combination.
• Experience in dealership audit or accounting is a plus.
• CPA, CMA and/or CIA or other certification a plus but not required.
• Demonstrate the ability to influence at all levels of the organization.
• Ability to identify and remove barriers to process improvement/change.
• Strong project management skills
• Ability to work independently, with latitude for initiative and independent judgment.
• Ability to maintain composure under pressure while meeting multiple deadlines.

PHYSICAL DEMANDS