About the role
The Global Internal Audit (GIA) function assists Bacardi's Board of Directors, Audit Committee and senior management by assessing the adequacy and effectiveness of the internal controls over (1) financial reporting, (2) effectiveness and efficiency of operations, and (3) compliance with laws and regulations, as well as the adequacy of the company's risk management and governance processes. GIA also adds value by providing objective, timely and relevant analyses, comments and recommendations through a comprehensive audit approach.
The position of Senior Internal Auditor is responsible for assisting the Audit Manager in leading the Global Internal Audit (GIA) function within Bacardi, partnering closely with the business and external audit teams. The audit team reports directly to the Global Director of Internal Audit, who subsequently reports to the Global Internal Audit and SOX VP, both based in Miami.
This position is responsible for planning, coordinating and implementing a comprehensive corporate audit program and to bring a systematic, disciplined, and balanced approach to evaluating and improving the effectiveness of internal controls, risk management, and corporate governance.
Key accountabilities and responsibilities
Drive results and excellence in execution:
Assist Director and VP Internal Audit in developing and executing a risk focused internal audit plan (annual) based on the Company's inherent risk profile and other concerns identified by management and the Audit Committee of the Board of Directors
Have responsibility and accountability for all Internal Audit activities, including involvement in supporting the company's Internal Control over Financial Reporting compliance initiatives associated with Sarbanes - Oxley (SOX).
Escalate high-risk audit issued identified, unsatisfactory audit results, and delays in audit plan completion to the GIA function
Oversee open audit issues remediation efforts, including periodic testing and reporting, and consolidate results for presentation to senior management, executive leaders and the Audit Committee
Assess the effectiveness of the internal control environment and develop plans to address areas for improvement
Develop Quality Review plan and protocols. Review auditee feedback and develop action plans to address improvement areas
Support the Audit Manager during the Audit Reporting process - assist in the review of the audit report prior to issuance
Work closely with the global finance teams to evaluate and recommend way to improve controls via clarified roles / responsibilities.
Provide guidance to management with recommendations to strengthen internal controls, manage risk and improve efficiency of operations
Participate in hotline investigations as requested
Work with management to provide and share leading practices
Where requested, review the operating effectiveness of Compliance activities
Act as a champion for the training and development of Bacardi Internal Audit
Develop talent and capability
Assist in developing and mentoring of team members and guest auditors, providing leadership and continuous coaching, in order to ensure high performance behaviour and results, consistent with our cultural pillars.
Provide the team with sufficient knowledge, skills and experience to enable high performance, including other Finance and cross-functional colleagues in the matrix structure
Ensure implementation of learning and development plans and sustained learning for everyone in your team
Ensure that your teams have the resources and information needed to deliver desired results.
Build and foster solid business partnerships with the Regional Controllers, / External Audit Teams, Cluster / Market leaders and Finance / Operations and IT Leads, as well as all relevant internal and external stakeholders in order to understand business requirements and maximize effective decision support
Create a winning team
Align with all prim@s behind the targets and create a passion for winning in the company
Recognize accomplishments and behaviours in a timely manner
Ensure all prim@s have a knowledge of Bacardi's history and culture and become an active advocate of the Company's values and principles
Measures of success
: Meet and exceed the targets as agreed in the annual commitments
: Develop and update personal development plans (prim@ profile) and deliver against the plans and Let's Talk sessions
: Demonstrate the Bacardi key values and principles consistently
Critical experiences for success
To be successful in this role you will have/be:
Excellent communication and influencing skills
Ability to work globally across the organization with key stakeholders across multiple functions and geographies
Self-starter that thrives in a dynamic environment with frequently changing priorities
Ability to work with a sense of urgency, drive results and effectively deal with ambiguity
Strategic, creative long-term thinking capabilities with superior analytic and financial modelling capacity
Experience presenting analysis and recommendations to business leaders and senior executives, as well as working as a business partner across all departments.
Highly organized, motivated, detail oriented, with a clear sense of urgency, and an ability to prioritize tasks
Proactive individual that can build effective relationships across many layers within the organizational hierarchy.
Strong sense of accountability and ownership, proactive problem-solving skills
The following experiences / requirements will be considered:
Fluency in English language is a must, including business terminology, second and third languages are a plus
Bachelor's or higher degree in Accounting, Finance, Economics or related field is highly preferable
Knowledge resource on Risk, Controls, and Leading Practices, including understanding of internal auditing standards, COSO and risk assessment practices, and Sarbanes Oxley requirements and testing procedures
Basic understanding of professional standards (U.S. GAAP, IFRS, GAAS, and the Professional Practices Framework of the IIA
Proficient in Microsoft Excel, PowerPoint, Word and SharePoint
Ability to travel Internationally, minimum travel requirements: 25-35%
3-5 years of experience in Public Accounting or Internal Audit, dealing on mid-complex business/accounting issues is a key requirement, but experience in other functions beyond Finance is highly valued
SAP experience is highly preferred
Certification, either Certified Public Accounting (CPA) or Certified Internal Auditor (CIA) or equivalent are a plus
Experience with successfully using analytical tools, such as ACL/IDEA/Tableau
Experience with automated audit software (TeamMate, Metric Stream etc.) are a plus
Prior industry experience is a plus
Our ways of working
Our family legacy has positively influenced our ways of working and has shaped the values to which our employees aspire. We're caring, like a family, and not only internally, but also in the wider communities in which we operate. This is demonstrated by our commitment to both act responsibly and promote the choice to drink responsibly. We trust one another, and through that trust are able to forge strong teams and networks that empower our matrix organization structure. We're passionate, reflecting our Latin heritage, and this means that we commit more than just time to our work: we commit energy, heart and soul. We are dedicated to being a role model in our industry, and we approach everything we do with Integrity First. Together, our values help us create what we're most proud of: our True Heart and Winning Spirit - both in our home markets and across the world.