Sr. Analyst, Internal Audit and Compliance

Sr. Analyst, Internal Audit and Compliance

LiquidPower Specialty Products Inc. (LSPI) is the global leader in the science of drag reduction. In 2014 LSPI was acquired by Berkshire Hathaway, having previously been a wholly owned subsidiary of Phillips 66. LSPI provides flow improver solutions, delivering strategic value to its customers by maximizing the flow potential of pipelines while increasing their operational flexibility, capacity and economic performance. LSPI works with companies in more than 35 countries to solve pipeline flow needs, treating more than 12 million barrels of hydrocarbon liquids a day and providing customers with a total package solution that includes flow improver products and the right injection equipment. LSPI leading brands are LiquidPower™, ExtremePower® and RefinedPower™.

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Summary:

The Senior Analyst, Internal Audit & Compliance is responsible for conducting tests of internal controls, and internal audits in support of LSPI's compliance with regulations, policies and procedures. Reporting to the Director of Internal Audit, the position interfaces with several cross-functional teams across the organization to ensure an effective internal controls environment. The Senior Analyst, Internal Audit & Compliance will also lead the due diligence monitoring of third-party intermediaries and related entities and manage the T&E compliance process using system application tools. Role is not limited to the listed responsibilities and may include other duties as assigned.

Responsibilities:

• Evaluate and update LSPI Internal Controls registers, narratives, and related policies for LSPI entities on a timely basis prior to fieldwork testing to ensure documentation is complete and accurate
• Conduct walkthroughs and testing of LSPI Internal Controls based on annual audit plan and risk analysis, to assess the design and operating effectiveness of company internal controls
• Draft audit reports and maintains records of audit findings with mitigation procedures.
• Contribute to the assessments of the design and effectiveness of LSPI internal controls framework, risk management, and governance systems
• Manage the internal controls tracking schedule in order to document progress and results of the internal controls testing
• Perform the quarterly risk mitigation controls testing of SAP GRC access system controls
• Communicate Internal Controls issues, control deficiencies, audit testing results with follow-up status on remediation testing and management responses, to the Internal Audit Director
• Staying knowledgeable of current and emerging Internal Audit & GAAP standards and industry best practices
• Proactively monitor key strategic initiatives identified by Management
• Provide support with documentation requests and inquiries during external audits and co-source provider projects
• Manage the LSPI T&E policy compliance process, expense audits and management reporting, including supervising work products of the T&E Analyst
• Perform screening, monitoring, and reporting of third-party risk management compliance due diligence with regular liaisons between the various business functions and departments

Skills & Competencies:

• Takes initiative and can work independently with minimal supervision, when required
• Familiar with IIA Standards and Sarbanes-Oxley requirements
• Excellent oral and written communication skills, and interpersonal skills
• Ability to summarize issues for senior management
• Ability to work under time constraints effectively
• Multi-project management skills and experience
• Familiar with Microsoft Office applications, such as Word, Excel & Power Point
• Willingness to learn new financial and third-party risk monitoring tools
• Strong work ethic

Required Education & Experience:

• Bachelor's degree in accounting
• At least 6 years of progressively responsible professional experience in internal audit
• Big 4 Public accounting experience
• CPA, CIA, or related certification is a strong plus
• Solid understanding of internal control accounting requirements
• Working knowledge of SAP

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