Internal auditor

  • Company: Moët Hennessy Wines & Spirits
  • Country/Region: France
  • Business group: Wines & Spirits
  • Contract type: Permanent Job
  • Function: Finance
  • Experience required: Minimum 5 years
  • Reference No.: MHWS00220
  • Date of publication: 2019.12.10

Position

Member of the MH Internal Audit team, the MH internal auditor is to:

  • Identify risks associated with business objectives and evaluate the controls in place to mitigate those risks in order to improve the financial reliability, the effectiveness and efficiency of the operations and the compliance with applicable directives and regulations
  • Execute the audit plan, and perform on site internal audits
  • Provide added-value advice and support to business partners on the creation or modification of policies, procedures, processes to ensure that an appropriate level of internal control and compliance is maintained.

Internal Audit Plan:

  • Participates to the elaboration of the mid-term audit plan based on risk assessment
  • Develops a thorough understanding of the concerned business processes, adapt the audit scope to it
  • Identifies and documents inherent risks and controls within the business processes
  • Schedules and organizes IA assignments

Internal Audit Assignments

Rolls out the internal audit methodology:

  • Organizes the Kick-off meeting with entity's senior management to explain the scope and objectives of the audit engagement and provides an overview of all steps in the audit process
  • Develops a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria
  • Performs audit tests by obtaining, analyzing and evaluating accounting documents, reports, data,..
  • Organizes and references work papers for review
  • Evaluates the adequacy of process design and the effectiveness of controls in meeting business and control objectives.
  • Identifies and documents control and process weaknesses and provides evidential support for findings
  • Proposes practical and value-added recommendations to address control weaknesses and/or process inefficiencies
  • Discusses audit findings and recommendations with line managers and report significant issues
  • Organizes the Exit meeting with entity senior management at the end of fieldwork, providing clear explanations for identified issues
  • Provides senior management with an opinion on the adequacy, effectiveness and efficiency of the internal controls in the organization
  • Formalizes precise, accurate and fact-based audit reports and executive summary

Follow-up Audit Assignments:

  • Monitors the timely implementation of the management actions recommended in the audit reports

Information and Communication:

  • Formalizes a Newsletter on best practices identified on site and diffuse it,
  • Shares the conclusion of the on-site missions with the Operations and Finance when back in Paris

Other Internal Control responsibilities:

  • Proposes improvements on the IC and compliance environment (policies, procedures, benchmark and best practices)
  • Participates to the Group self-assessment IC process (Erica) and Representation Letter on Internal Control process
  • Contributes to animate the internal control network within MH and answers to their requests
  • Formalizes the follow-up of the Internal Control Objectives of MH entities
  • Conducts ad-hoc investigations and reviews as requested by senior management or by the Audit Committee
  • Formalize conclusions for the Internal Audit Committee.

Profile

  • At least 50% of time outside Paris (scope of 28 maisons, 5 regions and about 40 distribution markets)
  • Many travels abroad all over MH organization

Education:

  • Business school, University degree in Business, Accounting & Auditing, or Finance

 Languages:

  • French
  • Fluent English (documentation, reporting & interview)

Professional experience and Knowledge

  • >8 years' experience with a minimum 3/4 years' in Audit (internal and/or external)
  • Good understanding of financial statements & accounting principles
  • International mindset
  • Solid understanding of risk and control concepts

Technical skills

  • Knowledge of auditing standards and procedures, laws, rules and regulations
  • Advanced computer skills on MS Office, accounting software and databases
  • Understanding of IT systems and architecture
  • Ability to manipulate large amounts of data and to compile detailed reports

 Personal & Interpersonal skills:

  • Flexible and stress resistant
  • Capacity to be a credible interface as much with the operations managers as with the top executives
  • Sense of initiative
  • Shows an independent judgment

Professional skills:

  • Capable of a rigorous analytical approach and result oriented
  • Perseverance in the analysis of issues
  • Ability to organize and prioritize
  • Ability to place details in a wider context and synthetize conclusions
  • Proven ability to communicate effectively (both written and verbal)
  • Capable of working independently and with minimum supervision
  • Displays awareness of the need for confidentially in sensitive matters
  • Demonstrated job commitment and personal flexibility to meet changing expectations
  • Commitment to self-development and expansion of knowledge
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