Financial Controls Reporting Analyst

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

📋 Description

• Document partner controls that pertain to Coastal’s ICFR requirements and align them with the Partner ICFR Framework.

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

• Identify which partner control or control objective necessitates targeted testing based on recognized gaps.

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

• Conduct targeted testing of identified CUEC gaps.

• Perform control walkthroughs as required.

• Gather and assess evidence validating control design and operational effectiveness.

• Validate testing populations and sample selections when necessary.

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

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

• Monitor remediation efforts 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 the status of testing, exceptions, remediation progress, and impacts on financial reporting.

• Provide assistance with management and audit reporting as required.

⛳️ Requirements

• Strong comprehension of internal controls over financial reporting and concepts of control testing.

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

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

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

• Experience in conducting internal control testing, including evidence evaluation, sample-based testing, exception analysis, and documentation of workpapers.

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

• Strong analytical abilities to evaluate evidence, pinpoint control issues, assess impacts on financial reporting, and formulate preliminary conclusions.

• Excellent written and verbal communication skills.

• Capacity to independently manage multiple partner control assessments and testing assignments within specified timelines.

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

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

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

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

• Experience with SOC reports, CUEC assessments, or ITGC audit outcomes is preferred.

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

• Familiarity with GAAP and financial reporting concepts is preferred.

• Must be able to work without employment sponsorship.

🏝️ Benefits

• Medical Coverage: Choose from three competitive medical plans.

• Health Savings Account (HSA) with tax advantages and employer contributions.

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

• Dental and Vision Insurance.

• Company-paid basic life insurance with options to purchase additional coverage.

• Long-Term/Short-Term Disability (LTD).

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

• 401(k) Retirement Plan with company matching.

• Generous vacation and sick leave policies.

• 11 paid holidays.

• Bonus offered.