Financial Controls Analyst

This is a fully remote position, open to applicants in United States.

📋 Description

• Assist Coastal in managing the Partner Internal Controls over Financial Reporting (ICFR) Program.

• Document partner controls that are pertinent to Coastal’s financial reporting standards and align them with Coastal’s Partner ICFR Framework.

• Maintain inventories of partner ICFR controls, documentation for alternative control testing, gap tracking, and supporting evidence.

• Identify the partner control or control objective that necessitates focused testing when gaps are detected.

• Develop and execute targeted alternative testing procedures following Coastal’s approved methodology.

• Conduct targeted testing for identified CUEC gaps.

• Perform walkthroughs of controls that are subject to testing as required.

• Gather and assess evidence that supports control design and operational effectiveness.

• Validate testing populations and sample selections when necessary.

• Prepare testing workpapers that document controls, periods, populations, evidence, testing attributes, results, exceptions, resolutions, and preliminary conclusions.

• Identify and report control deficiencies, missing evidence, testing exceptions, or inadequate support.

• Monitor the remediation of testing exceptions and conduct follow-up testing.

• Assist the Fintech Financial Controls Manager in determining if testing adequately addresses identified gaps.

• Collaborate with Partner Risk and Internal Control testing teams regarding SOC, ITGC, CUEC, transaction, or account-level testing issues.

• Communicate testing status, exceptions, remediation updates, and potential impacts on financial reporting.

• Support management and audit reporting as needed.

⛳️ Requirements

• Comprehensive understanding of internal controls over financial reporting and control testing principles.

• Proficient knowledge of SOX, ICFR, and the COSO framework.

• Familiarity with SOC 1 and SOC 2 reports, CUECs, ITGCs, and business process controls.

• Capability to translate control or assurance gaps into actionable, risk-based testing procedures.

• Experience in performing internal control testing, including evidence evaluation, sample-based testing, exception analysis, and workpaper documentation.

• Ability to differentiate between absent controls, missing evidence, lack of testing, and insufficient audit coverage.

• Strong analytical abilities for assessing evidence, recognizing control issues, evaluating financial reporting implications, and formulating preliminary conclusions.

• Excellent written and verbal communication skills.

• Capacity to independently handle multiple partner control assessments and testing assignments within set timelines.

• Proficiency in Microsoft Excel, Word, Outlook, and other control-testing documentation software.

• Bachelor’s Degree and/or a relevant combination of education and experience.

• Over 5 years of pertinent experience in Internal Controls, SOX/ICFR, Internal Audit, public accounting, financial controls, risk management, or analogous control testing roles.

• Preferred experience in conducting business process control testing, alternative control procedures, or other risk-based internal control assessments.

• Preferred familiarity with SOC reports, CUEC assessments, or ITGC audit findings.

• Background in Fintech, Banking as a Service, financial services, or banking is preferred.

• Preferred working knowledge of GAAP and financial reporting concepts.

• Must be able to work without employment sponsorship.

🏝️ Benefits

• Three competitive medical plan options.

• Health Savings Account (HSA) offering tax benefits and employer contributions.

• Flexible Spending Accounts (FSA) available for healthcare and dependent care expenses.

• Dental and vision insurance coverage.

• Company-funded basic life insurance with optional additional coverage available.

• Coverage for long-term and short-term disability.

• Hospital Indemnity, Accident Insurance, and Critical Illness coverage options.

• 401(k) retirement plan with employer matching contributions.

• Generous vacation and sick leave policies.

• 11 paid holidays annually.

• Option for remote work arrangements.