Senior, Process & Controls, (Financial Services)

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. 

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. 

EY Global Delivery Services (GDS) Assurance practice supports global EY client–serving teams with their reviews across industry sectors, including financial services, manufacturing and technology, among others. Through the right multidisciplinary team of professionals with the sector knowledge and subject matter expertise, EY GDS Assurance enables EY client teams in over 30 countries to help world’s leading companies meet their audit requirements. 

As an SOX professional, the individual should be a qualified CA/CPA/ACCA/MBA with extensive

experience in IFC and a firm grasp of the SOX audit processes and methodology. The individual gets an excellent opportunity to interact with senior management as well as the opportunity to enhance your skills  in  the  areas  of  technical  competency,  business  development,  client  service  and  people development. 

The incumbent will work for top global clients across a wide variety of markets and industry sectors including life insurance, health and Property & Casualty insurance thus experience of working with clients in either the financial services or more specifically Insurance industries is preferred.

In this role, you will be responsible for team handling on large projects encompassing the entire gamut of SOX from conceptualization to crafting to implementation of the entire SOX program including documentation and  control  testing,  evaluating  internal  controls,  reliability  of  financial  reporting, compliance  with  applicable  laws  and  regulations  and  effectiveness  and  efficiency  of  operations including cost management. This should be a SOX framework implementer role. 

• You'll work as part of a team of problem solvers, helping to solve complex business issues from strategy

to execution. Your responsibility for this role includes but are not limited to: 

• Responsible for execution of SOX, IFC Designing, walkthrough & Implementation, Business Process Review,

Creation & mapping of Business Flow charts with RCM etc. (individually and as a team) for Insurance sector clients. To Perform risk assessment procedures, including identification of significant accounts & classes of transactions, mapping of business processes and provide comprehensive input to the development of a risk-based annual internal audit/SOX audit plan. 

• Prepare SOX documentation such as process flowcharts, process narratives and risk and controls matrix. 

• Design attributes, perform test of design and operating effectiveness of control so suggest improvements
  in the process by assessing risks and controls related to business imperatives, identify gaps, and assist in remediation. 
• Plan, implement, coordinate, and execute all phases of SOX compliance, (to include leading walkthroughs
  and identifying/validating key controls, developing test procedures, executing, and documenting testing, and reporting results to Management). To Ensure clear, concise, actionable, and practical observations and recommendations, with a well-documented process for communication and resolution with clients on SOX deficiencies  observed.  Understand  client(s)  requirements,  respond  promptly  to  client  requests  and enquiries, and consistently meet client needs 
• Supporting onshore/client with reporting and accounting requirement related to Insurance sector
• Support Managers/Senior Managers in the process of preparing audit plans, audit program, testing and

reports Work with existing processes/systems whilst making constructive suggestions for improvements. 

• Demonstrate critical thinking and the ability to bring order to unstructured problems. Able to read

situations and modify behaviour to build quality relationships. Responsible for quality and timeliness of deliverables,  including  conclusions  on  control  effectiveness  and  impact  of  control  deficiencies.

To qualify, candidates must have: 

• Chartered Accountant (CA), CPA (US) or ACCA (UK) with 3+ years of experience with a large Global

Corporate Process, Risk and Control department and/or similar experience in Insurance sector

• MBA degree is a plus 
• 2 to 7 years of relevant experience in SOX/IFC Designing & Implementation (preferably from the 

Risk Advisory practice of a Big 4 or reputed Consulting firms, else exposure to SOX in Industry 
will also do) 

Experience of working in a consulting role specifically in insurance sector in leading large SOX programs along with Insurance reporting and accounting with demonstrable experience

• Experience in conducting risk assessment procedures pertaining to financial reporting, process 

flow mapping, design, and documentation of RACM, controls testing, evaluation of control  deficiencies and remediation plans Should be able to understand complex business situations,  risk, and controls in ERP environment, identify gaps and suggest leading practices along with 
solid understanding on PCAOB requirements and COSO framework 

• Should be process oriented and have strong analytical skills Should understand financial 
  statements under Indian/US GAAP Have knowledge and understanding of SOX Framework 
• Should possess excellent communication and report writing skills Capability of dealing with big 

clients Ability to handle pressure and manage complex situations Consistently demonstrate  teamwork dynamics by working as a team member: understand personal and team roles;  contribute to a positive working environment by building solid relationships with team members;  and proactively seek guidance, clarification and feedback. Strong working experience of Excel,  Visio, Word and other MS Office applications. 

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About EY 

EY is a global leader in assurance, tax, transaction and advisory  services. The insights and quality services we deliver help build trust  and confidence in the capital markets and in economies the world  over. We develop outstanding leaders who team to deliver on our  promises to all of our stakeholders. In so doing, we play a critical role  in building a better working world for our people, for our clients and  for our communities. 

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a  separate legal entity. Ernst & Young Global Limited, a UK company  limited by guarantee, does not provide services to clients. For more  information about our organization, please visit ey.com. 

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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your  advisors for specific advice. 

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