Sr. Compliance Manager Job in New York, New York US
Large Corporation located near Melville Long Island needs:
Sr. Compliance Manager
Prior experience as a Manager if Avisory, Audit, Risk, SOX enterprise risk is highly preferred
RESPONSIBILITIES:
- Work with senior management and management of key support functions to assess risks and utilize the risk assessment to identify and prioritize customer contracts and agreements included in the scope of work.
- Gather, review and analyze contract documents governing significant customer relationships for completeness, consistency and accuracy.
- Prepare contract briefs in coordination with Contract Management that abstract and summarize pertinent contractual provisions.
- Maintain the briefs in a permanent file and ensure they are updated with sufficient frequency to reflect contract modifications.
- Prepare summaries of critical contractual and commercial elements, required customer deliverables, and performance metrics including scope of products and services, pricing, sales claims and rebates, delivery requirements, transportation, terms of payment and inventory management commitments (i.e., availability, lead and response times, buybacks, consignments, dedicated stock and vendor management requirements).
- Evaluate and test actual pricing and/or cost information to determine compliance with the terms of the agreement.
- Calculate variances, identify root causes of errors, and recommend corrective actions to improve compliance and remediate errors.
- Utilize statistical sampling techniques where appropriate including selection criteria, expected reliability and confidence level of results.
- Prepare an overall profitability profile for each customer relationship examined and compare that to the expected performance at the time of quotation or renewal.
- Identify variances in terms of sales volume, product mix, billing and gross margins, operating expenses and working capital management.
- Define and develop substantive tests based on each contract’s terms to enable timely identification and reporting of critical risks and opportunities supporting joint development of corrective actions to mitigate contractual, financial and operations risks and improved execution of the contract.
- Conduct operational reviews and work with applicable operations management to gather required information and to identify and analyze of financial and operational data.
- Hold conferences with operations management through initiation, conduct and conclusion of examination to cover objectives, findings, conclusions and recommended corrective actions.
- Prepare and distribute operational review reports that detail areas of non-compliance, materiality and associated risks of each non-compliance and recommended corrective actions.
- Include observations and findings that relate to contract profitability, contingent risks and suggested improvements to business processes.
- Champion identification and implementation of best practices and contract policy and procedural improvements.
- Act as a focal point for third party audits of customer contract compliance including direct interface with third party auditor and communication between auditor and balance of the organization.
- Establish processes enabling periodic self audits of less significant customer relationships. Participates in special projects and performs additional duties as required.
Requirements:
- Avisory, Audit, Risk, SOX enterprise risk experience
- Big 4 or large corporation Audit/ Compliance exp is preferred
- Bachelor’s degree in Accounting, Finance or related field or equivalent experience required.
- Minimum of five years experience in a similar role required.
- Experience in one or more of the following is desirable: Project Management, Contract Administration, Pricing, Controllership, Cost Accounting, Financial Planning and Analysis.
- Advanced degree and/or professional designation including CPA, CMA, CIA or CISA preferred
- Knowledge of contract formation, development, implementation, execution and administration required.
- Strong business judgment, decision making, and analytical skills, including the ability to analyze, understand and communicate the implications of significant and/or unique contractual requirements and provisions as well as understand and communicate the financial and operational impacts of changes in course required.
Please email your resume in WORD format and current base salary ASAP: Darrenf@rtijobs.com