Hitachi Energy India | Internal Control Senior Analyst

Responsibilities

• The professional will be responsible for end-to-end evaluation of Risk and Internal Controls, which involves performing testing and evaluation of control gaps and draft remediation for implementation of the gaps identified as part of the Controls Assessment.
• Responsible for Testing the internal controls for a country or set of countries as allocated for a large Global Company.
• Conduct Walkthroughs of the business processes and ITGC’s supporting creation of the process documentation and the flow chart of the same.
• Update of the process documentation based on the changes in the nature of the business and its operations.
• Perform independently the Design Assessment and Operating effectiveness Assessment of Internal controls covering business processes and IT general controls (ITGC) to ensure compliance with PCAOB requirements.
• Assess the design of the respective controls in relation to mitigating the financial risk considering the control description, its attributes, and test plan.
• Support in updating or drafting a Risk and Control Matrix on the business process as per the established global compliance framework.
• Ensuring the Quality of Testing documentation to the SOX Compliance standards for both business process and ITGC.
• Assist with the evaluation of control deficiencies and provide practical recommendations for remediations.
• Assist in coordinating audit efforts with business process owners, control owners and external audit team.
• Ensuring completion of the Testing and adherence to the J SOX Testing timelines.
• Responsible for ensuring compliance with applicable external and internal regulations, procedures, and guidelines.

Your background

• Effective and proactive communication with Global Compliance team as required.
• Effective and proactive communication with the Business and controls owners for the same.
• Should have MBA in Finance/Accounting or CA/bachelor’s degree in business or accounting.
• Must have 2-4 years of professional experience in the areas of Risk Assessment and Internal Controls.
• Must have experience of SOX, Internal audit, internal controls, IT audit and ITGC.
• Knowledge of Access Management, change management, Computer operation, Segregation of Duties (SoD).
• Knowledge order to Cash (O2C) / Revenue Process, Procure to Pay (P2P) / Purchase to Pay Inventory Management Controls Record to Report (R2R).
• Knowledge of ERP’s like S4 Hana/ SAP / Oracle/ JDE / etc. and their native application controls will be preferred.
• Knowledge of flowcharts design and process improvements.
• Proficiency in both spoken & written English language is required.

Hitachi Energy India Limited

Headquartered in Bengaluru and listed on the NSE and BSE, Hitachi Energy India Limited is the Indian arm of Hitachi Energy, the Zurich-based power technology company in the Hitachi group. The business began in 1949 as Hindustan Electric and later carried the names Hindustan Brown Boveri, ABB Power Grids and Hitachi ABB Power Grids before taking its present name. Its first factory opened in Vadodara in 1962, and three manufacturing locations in Gujarat make most of its range, which includes power and traction transformers, HVDC links and power automation for metro rail. India also hosts shared services and a global technology and innovation centre.

Many of Hitachi Energy's finance roles in India belong to its Controlling Practice and Operations (CP&O) teams in Bengaluru, Chennai, Hyderabad and Pune. The work covers FP&A, cost accounting, plant, project, R&D and HVDC tender controlling, SAP S/4HANA finance business partnering, record-to-report and revenue accounting, direct tax, internal audit and internal control, and payroll for India and other regions. Postings often ask for a CA or CMA, qualified or semi-qualified, or an MBA in Finance; several accept CA Inter or M.Com, and audit and control roles name CPA, CIA or CISA.

• Industry: Power and grid technology: transformers, HVDC systems, power automation and related services
• Headquarters: Zurich, Switzerland (Hitachi Energy Ltd, part of the Hitachi group of Japan); Hitachi Energy India Limited is headquartered in Bengaluru
• In India: Hitachi Energy India Limited, listed on the NSE (POWERINDIA) and BSE (543187), with its head office in Bengaluru, manufacturing in Gujarat (including Vadodara), and finance teams in Bengaluru, Chennai, Hyderabad and Pune