US-NJ Berkeley Heights, ASSOCIATE MANAGER, AUDITS, Schering Plough 0904
FEATURED COMPANY: Schering Plough
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Position: Associate Manager, Audits
Date: May 20, 2008
JOB #0904
Location: Berkeley Heights, New Jersey, United States 
Status: Full-time

DESCRIPTION: Associate Manager, Audits

Industry: Pharmaceutical

Min Experience: 5-7 Years

Shape Your Future And Ours.  

Schering-Plough is an innovation-driven, science-centered global health care company. Through our own biopharmaceutical research and collaborations with partners, we create therapies that help save and improve lives around the world. We apply our research-and-development platform to human prescription and consumer products as well as to animal health products. Schering-Plough's vision is to "Earn Trust, Every Day" with the doctors, patients, customers and other stakeholders served by our colleagues around the world.

 Associate Manager, AuditsRequisition Number: 21246BR Background to Job:

The position of Associate Audit Manager is a key individual in Schering-Plough’s Global Internal Audit (GIA) department, headquartered in Berkeley Heights, NJ. It also represents the first level of audit management in GIA and is an important audit leadership position.   

The GIA group is a world-class, professional, internal audit department in one of the largest, most dynamic companies in the global pharmaceutical industry. GIA is managed by a Vice-President and a leadership team of five Audit Directors. Additionally, the department is staffed by Audit Managers, Senior Auditors, Staff Auditors, and Associate Auditors. GIA has centers of excellence located in both the United States (Berkeley Heights, NJ) and the Netherlands (Oss).  

The mission of GIA is to provide Schering-Plough Corporation with value added audit services for its operations in over 100 countries world-wide. The objective of the group’s human resource recruiting program is to attract and hire high caliber individuals. These individuals will then be groomed to develop leadership and critical thinking skills to enable either promotion into financial operations positions or leadership roles within GIA, depending upon skills, goals and available opportunities.  

As a management training area, GIA is an excellent department in which to learn the business of Schering-Plough Corporation, while learning the skills of a financial professional.

 Purpose of Job:          

Under the direction of upper Audit management, the position of Associate Audit Manager is responsible for assisting in the execution of the annual internal audit plan, both domestically and internationally. This position also assists in performing financial audits, the safeguarding of company assets, and ensuring that internal controls and policies and procedures are in place, and working as management intended. In addition, the Associate Audit Manager will ensure compliance with all required internal controls and policies & procedures. This position will also take an active participatory role in development of the Global Risk Assessment process, which in turn is the basis for the department’s annual Global Audit Plan/Schedule.  

The Associate Audit Manager will function as the Lead or In-Charge Auditor on audit assignments. In this capacity, it is expected that the Associate Audit Manager will display leadership skills in obtaining the required audit scope work documents, setting priorities, verifying that fieldwork proceeds on schedule, overseeing, organizing and supervising the audit resources assigned and ensuring the audit team operates effectively.   

This position will also evaluate opportunities for operational efficiency and cost savings as determined, and report the same to management for further action. The Associate Audit Manager position is also expected to directly supervise the audit team in the field, yet be able to work independently of the audit team as and when required.

 Dimensions of Job:  

This position reports to an Audit Director and has functional responsibility for supervising and training Associate Auditors, Staff Auditors and Senior Auditors, as well as assisting Audit Managers and Directors on the overall coordination of the audit process and field activities on all audit assignments.  

The Associate Audit manager will perform audit planning, testing and procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting client processes and procedures. In addition, the Associate Audit Manager will be responsible for:  

• Documenting audit findings, maintaining accurate workpapers and researching findings to conclusive management response in conjunction with the other audit staff.
• Drafting audit findings, observations and recommendations
• Participating, and sometimes leading management and department briefings regarding audit findings and observations
• As the In-Charge Audit Lead, providing liaison between the Audit Team and upper Audit Management
• Presenting the Audit objectives during the opening meeting with clients
• Presenting the draft audit findings at the closing meeting with clients, and ensuring agreement.
• Functioning as the Lead or In-Charge Auditor on all audit assignments (where no Audit Manager is present).
• Overall management and measurement of the audit work assignment and audit resources
• Supervising, coaching and developing entry level Associate Auditors, as well as Staff and Senior Auditors
• Exhibiting strong project management skills
• Displaying good time management
• Utilizing effective listening skills and close client focus.  

Principle Duties and Responsibilities: 

• Preparing audit programs, under direction of Audit management.
• Participates in meetings with clients and amongst audit staff and management.
• Makes presentation at opening meeting with clients.
• Functions as the Lead or In-charge auditor on audit assignments.
• Has overall responsibility for the audit fieldwork and supervision of audit work team.
• Presents draft audit findings to clients at closing meeting.
• Performs review and testing of documents, and preparation of work papers.
• Perform field test work and audit procedures as necessary.
• Conducts financial audits in accordance with Generally Accepted Auditing Standards (GAAS), to determine compliance with policies & procedures and evaluate the effectiveness of internal controls systems.
• Prepares and documents draft audit findings and recommendations, supported by accurate workpapers for review by Audit management.
• Keeps senior audit management informed in a timely manner the progress of the audit or project.
• Prepares an objective, factual draft audit reports for management review and discussion. 
• Develops appropriate recommendations for corrective action and in soliciting adequate and timely management response to the same.
• Seeks out, documents and presents draft opportunities for best practices.
• Pursues professional development opportunities, including external and internal training. and professional association memberships.
• Understands audit standards and company policies and procedures.
• Builds and leads effective audit teams.

Major Challenges:   

• Manages multiple audits, often concurrently, using a variety of available audit resources, including outsourced, guest auditors and interns as well as regular audit staff.  
• Required business travel, ranges from 25-40%
• Promotes business partnering with clients; Learning Curve – learns quickly to make a timely contribution to the Audit Department
• Works diligently in a fast paced environment where multi-tasking is valued
• Provides effective oral and written communication of findings to Audit staff and management
• Function as Lead or In-charge auditor
• Responsible for audit fieldwork and supervision of audit work group
• Learns/become proficient in the use of the TeamMate electronic work papers and scheduling tool
• Is prepared to deal with sensitive/confidential issues, displays composure – exhibits respect for people
• Functions as a role model, and helps supervise, coach and develop entry level Associate Auditors, Staff and Senior Auditors
• Develops knowledge of the company culture

Specialized or Technical Knowledge/Skills:  

• Bachelors degree – Accounting, Finance, Information Technology majors.
• Advanced degree preferred (MBA)
• Professional certification as a CPA, CIA, CISA, CA preferred.
• 5 -10 years of related and relevant work experience
• Excellent communication skills – verbal and written
• Strong interpersonal skills and the ability to deal with all levels of management
• Well developed analytical and critical thinking skills
• Computer proficient, knowledge of Microsoft Office Suite, ACL & related audit tools etc
• Flexibility, willingness to undertake international travel
• Positive attitude, desire to learn and succeed
• Team player
• Ability to supervise, coach and develop entry level, staff and senior auditor personnel
• Prior supervisory experience.

Benefits:  

• Medical Plan
• Dental Plan
• Vision Plan
• Prescription Drug Benefits
• Spending Accounts
• Employee Health Services
• Disease Management Program
• Short-Term Disability Program
• Long-Term Disability Insurance
• Life Insurance
• Business Travel Accident Insurance
• Group Variable Universal Life Insurance
• Voluntary Accidental Death & Dismemberment Insurance
• Long-Term Care Insurance

Other Benefit Programs  

• Employee Assistance Program
• Group Legal
• Group Auto & Homeowners Insurance
• NJ Manufacturers Insurance Co.
• Schering-Plough Foundation Scholarship Program
• Schering-Plough provides two resources to help you build your retirement income: The 401(k) Savings Plan and the Retirement Plan.
• In addition, to help you reach your future financial goals, Schering-Plough offers the Personal Financial Planning Program.

Schering-Plough is an equal opportunity employer. M/F/D/V  

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