Internal and Financial Controls Manager; Accountant

OFFICE OF THE UNIVERSITY CONTR (UA-CTRO-IUBLA)

The Office ofthe University Controller (UCO) provides leadership and guidance for financial compliance, systems, and services at Indiana University. We strive to be a leader in higher education by embracing financial best practices, continuous improvement and by creating a culture of respect, integrity, and collaboration. As an organization, we value knowledge and different perspectives from our people, and we are welcoming of people of different backgrounds.

The university follows the Committee of Sponsoring Organizations ofthe Treadway Commission (COSO) Internal Control Integrated Framework for Risk Identification, Risk Analysis, Risk Prioritization, Control Evaluation, and Governance and Reporting.

The Internal and Financial Controls Manager focuses on the evaluation of the university's internal control framework from a financial perspective while ensuring the university is evaluating and following the COSO framework to support the internal control environment and the external audit.

• Utilizes Enterprise Risk Management (ERM) for financial risk across UCO functional areas inclusive of Internal Controls reviewand gap analysis for items material to Financial Statements.
• Triages internal control documentation based on controls assessments and performs deep dives into control gaps making actionable recommendations for improvement. This includes proper design of new controls and recommendations on existing controls necessary to mitigate the university's financial statement risk.
• Identifies financial process areas or transactions where documentation (process narratives) is required and works with the subject matter experts in various University Administrative (UA),support, and campus functions to perform interviews andwalkthroughs, document, and advise on internal controls in key process areas.
• Maintains existing process narratives and review annually insupport of the university's and external audit documentation requirements.
• Coordinates and reviews annual sub-certification forms(including enhancements to the forms and process such as functional area/data feed attestations) and communicates findings and recommendations to the University Controller in support of the university's internal control environment and the external audit.
• Maintains the university's internal control policy under theCOSO framework and expands content of the internal controls standards (operational and financial) on the UCO website asneeded.
• Monitors and maintains the university's Fraud and Fiscal Misconduct policy inclusive of development and consultation on training materials and annual attestations for the university underthe COSO framework.
• Partners with External Financial Reporting to ensure material transactions are properly documented, supported, and are in conformity with the university's internal control and financial reporting requirements (design monitoring controls specific to financial reporting processes).
• Develops best practice and maintains annual updates to the Office of the University Controller's (UCO) Business Continuity Plans.
• Partners with Internal Audit department to perform monitoring activities related to certain transactional activities of the university.
• Supports and participates in ad hoc internal control and financial reporting projects in support of the Office of the University Controller's strategic initiatives.
• Evaluates risk exposure across various financial functions,identifies control gaps, and recommends new or enhanced controls to strengthen the university's overall control environment.
• Partners with External Financial Reporting to monitor, access,and mitigate financial statement risks and…