Financial Controls Reporting Specialist

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

📋 Description

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

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

• Sustain inventories of partner ICFR controls, alternative control testing records, gap tracking, and supporting documentation.

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

• Create and execute focused alternative testing procedures utilizing Coastal’s approved methodology.

• Conduct focused testing of recognized CUEC gaps.

• Carry out walkthroughs of controls that are subject to testing as necessary.

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

• Verify testing populations and sample selections when needed.

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

• Detect deficiencies, absent evidence, testing exceptions, or inadequate support and escalate concerns as necessary.

• Monitor remediation and execute follow-up testing.

• Assist the Fintech Financial Controls Manager in assessing whether testing addresses identified gaps.

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

• Relay testing status, exceptions, remediation progress, and potential impacts on financial reporting.

• Aid with management and audit reporting as required.

⛳️ Requirements

• In-depth understanding of internal controls over financial reporting and control testing principles.

• 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, which includes 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 skills for evaluating evidence, identifying control issues, assessing financial reporting implications, and forming preliminary conclusions.

• Excellent written and verbal communication abilities.

• Capacity to independently manage multiple partner control assessments and testing tasks within set deadlines.

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

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

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

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

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

• Preferred experience in Fintech, Banking as a Service, financial services, or banking.

• Preferred knowledge of GAAP and financial reporting concepts.

• 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 benefits including Hospital Indemnity, Accident Insurance, and Critical Illness coverage.

• 401(k) Retirement Plan with company matching.

• Generous vacation and sick leave policies.

• 11 paid holidays throughout the year.