24 Hour Fitness, INC. Sr. Internal Auditor (Remote) in Carlsbad, California
LOCATION 1265 Laurel Tree Lane Suite 200 Carlsbad CA 92011
The Senior Internal Auditor assists with the coordination, planning and execution of Internal Audit projects and ongoing internal control initiatives within the Company and in accordance with annual IA plan approved by the Audit Committee of the Board of Directors.
This position will be actively involved in and play a leadership role in Internal Controls Over Financial Reporting (ICFR), business and operational process reviews, and re-engineering efforts designed to ensure scalable long-term solutions to support Company's growth model. The Senior Internal Auditor will be a technical expert for business process audit and internal control related activities with specialized experience in current audit and internal controls best practices.
The position directly supports the continued integration and alignment of the compliance function, as well as proactively partnering with various business functions on identifying value-added business improvements to increase company profitability while mitigating risk.
ESSENTIAL DUTIES & RESPONSIBILTIES Estimated % of Time Spent
Execute Annual Internal Audit Plan as Approved by Audit Committee of Board of Directors
Internal Controls Over Financial Reporting (SOX) (85%):
Lead SOX compliance effort by reviewing existing documentation, assessing design, refining documentation, recommending improvements and developing remediation plans (design assessment).
Lead ongoing SOX compliance effort including testing of controls across all in-scope cycles for both manual and automated controls for reliance by external auditors and management's assessment.
Perform detailed internal audit review procedures, including reviewing the work of others (IA Staff and peer review) and evaluation of documentation standards to meet external audit firm reliance strategy.
SOX project management (business process cycles) including budget to actual analysis and performing timely status updates to comply with Company SOX objectives.
Developing and tracking remediation plans across various business functions and providing timely update reporting
Remain abreast of ICFR developments including but not limited to SEC, PCAOB, COSO, and Accounting guidance.
Internal Audit Projects:
Play a lead role during key process re-engineering efforts within various business cycles to ensure SOX compliance, working closely with business process owners and outside consultants/service providers (as required).
Perform operational review procedures, providing recommendations to increase efficiency, improve control environment and ensure compliance with company policies and procedures and/or applicable laws and regulations.
Partner with cross-functional compliance department and key business partners in providing insight and root-cause analysis based on detailed review and evaluation of large data sets.
Assist with development of annual internal audit plan.
Prepare draft reports and recommendations.
Compliance and Business Integration (15%):
Establish partnering relationships with various business functions (corporate and field), seeking to innovate and proposing recommendations for value-added improvements (e.g., best practices, cost avoidance and profit enhancement opportunities).
Provide leadership on continued efforts to integrate and align cross-functional ongoing monitoring procedures for compliance department (Loss Prevention, Risk Management and Internal Audit).
This position interfaces regularly with Finance, Information Technology, Membership Pricing, as well as other business functions and third-party outsourced service providers. Reports to VP of Internal Audit & Compliance.
Knowledge, Skills & Abilities
Extensive knowledge of business process controls and best practices (ICFR, COSO, PCAOB standard)
Extensive knowledge of audit methodologies and documentation standard
Knowledge of industry trends and accounting guidance
Knowledge of the COSO frameworks, standards and best practices
Retail or multi-unit industry experience a plus
Proficient in MS Office skills and data analytic tools
Communication and Management Skills:
Excellent organizational skills
Outstanding leadership skills and ability to influence change
Strong initiative and assertiveness
Goal oriented and a team player
Ability to multi-task
Strong analytical and problem-solving skills
Written and verbal communication skills
Ability to work independently in fast paced growth environment
Proven ability to coach and lead others
Minimum Educational Level/Certifications
- Bachelor's Degree in Accounting / Finance or related field
Minimum Work Experience and Qualifications
- 5+years of experience; preferably including 2 years as a senior associate for a Big 4 firm, a large regional accounting firm.
Physical Demands/ Environmental Conditions
Telephone usage to communicate with internal and external customers.
Sitting: frequent sedentary work.
Viewing computer monitor: average, ordinary visual acuity necessary to prepare document, enter data into computer system, read reports and from computer monitor
Keyboarding: use of fingers to make small movements such as typing.
Work is performed in a normal business office environment. Extended workdays are a frequent occurrence.
- Based out of Corporate office in Carlsbad, CA and may involve some local travel to club/field locations (depending on Internal Audit project scope) -- up to 10% of the time.
Knowledge, Skills & Abilities
ACL or other data mining software experience/knowledge.
Advanced MS Office skills including VBA and Access
CIA, CPA, or CISA
Licenses or certifications related to internal audit and compliance.
Work Experience and Qualification
Big Four Public Accounting experience
SOX experience with public company
Business process re-engineering experience
Experience in retail industry or multi-unit environment.
DISCLAIMER: The above statements are intended to describe the general nature and level of work being performed by incumbents assigned to this job. This is not intended to be an exhaustive list of all the responsibilities, duties and skills required. The incumbent may be expected to perform other duties as assigned. This job may be reviewed as duties and responsibilities change with business necessity.
COMPLIANCE & INTEGRITY: Consistently supports compliance and Workplace Conduct by maintaining the privacy and confidentiality of information, protecting the assets of the organization, acting with ethics and integrity, reporting non-compliance, and adhering to applicable federal, state and local laws and regulations, accreditation and licensure requirements (if applicable), and 24 Hour Fitness' policies and procedures.
All Directors, Managers and Supervisors are accountable for communication, implementation, enforcement, monitoring and oversight of compliance policies and practices in their departments.
SERVICE & QUALITY: In addition to defined technical requirements, accountable for consistently demonstrating service behaviors and principles defined by 24 Hour Fitness as well as specific departmental/organizational initiatives. Also accountable for consistently demonstrating the knowledge, skills, abilities, and behaviors necessary to provide superior and culturally sensitive service to member and team members, contracted providers and vendors.
WORKPLACE SAFETY: In addition to defined working conditions and physical requirements, employees are accountable for working safely; following established policies & procedures; and reporting all injuries and hazards to their supervisor immediately.
Supervisors and Managers are accountable for ensuring the safety performance of employees; applying consistent practices in compliance with federal, state and local regulations; providing guidance to maintain a safe and healthy work environment.
FUNCTIONAL GROUP Corporate Operations