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Director, Audit

Date: Jan 9, 2021

Location: Pero, Milan, IT, 20016

Company: Whirlpool Corporation

Whirlpool Corporation is consistently recognized by Fortune Magazine as one of the World’s Most Admired Companies. Our values are the driving force behind everything we do. Respect, integrity, diversity and inclusion, teamwork and the spirit of winning propel our teams to excellence. Get to know us and see what it's like to be part of the world's leading major home appliance company.

 

 

 

Mission:

 

Assist the Region in accomplishing its objectives by bringing a systematic and disciplined approach to continuously evaluating and improving the effectiveness of risk management, internal control and governance processes. Provides advisory services to all areas of the business. Report on audit progress, mitigation of deficiencies and testing. Ensure compliance with internal controls and SOX requirements. Facilitates relationships with external auditors. 

 

Purpose:

 

● Prepare and deliver on the annual audit plan and budget for the region ● Assign responsibility for specific audit and SOX effort to Regional Audit Manager(s) and oversee Regional Audit Manager(s) in their responsibilities for managing the efforts ● Ensure that overall Internal Audit program is performed in accordance with established and approved Internal Audit procedures, as set forth in Internal Audit Manual ● Oversee audit efforts related to special reviews and E&C investigations ● Review audit report drafts for Vice President Internal Audit’s final approval & distribution ● Develop an integrated audit approach and plan with the IT Audit Director ● Hire qualified personnel to execute the audit plan. Attract and develop in-house expertise to ensure capability to execute the Regional Audit plan 

● Provide professional training and development to audit associates 

 

Responsibilities:

 

● Directing the preparation and completion of the regional, annual audit plan and risk assessment for Vice President Internal Audit’s approval 

● Provide counsel to the Vice President – Internal Audit on a wide range of topics including, but not limited to, departmental strategy, talent management, service delivery, building and maintaining relationships inside and outside the function, and performance 

● Provide day to day team leadership, coaching and mentoring in order to retain and expand organizational talent through focused attention and effort 

● Provide timely and constructive feedback on a regular basis to ensure employees have a clear understanding of their work, roles and the business 

● In conjunction with management, is responsible for continually evaluating the region’s operational objectives and risks and developing, modifying as needed and executing an annual regional audit plan in support of the company’s strategies and goals 

● Establish and maintain professional and productive relationships with leadership across the organization, instilling trust and building a reputation as a business partner and solutions-provider

● Build strong relationships with Regional External Auditors 

● Provide support to the Corporate team on preparation of the Audit Committee material ● Is responsible for gaining alignment of this plan with the Regional President, Regional CFO and others Functional VPs and Leaders as appropriate 

● Is accountable for completing the plan as agreed in a timely manner and ensuring appropriate follow up with identified action plans 

● Promptly and accurately informing the Vice President, Internal Audit and Senior management, as appropriate, when real or suspected irregularities or significant issues are reported to him/her 

● Assigning Regional Audit Managers responsibilities for specific audits, special projects and administrative duties 

● Monitoring progress of assigned audits and managing performance of the Audit Managers to ensure completion of high quality audits in a timely manner ● Considering requests from operating management for audit assistance and deciding on the appropriate level of effort to be provided 

● Leading ethics investigations, working closely with Legal, Compliance, GIS and HR ● Directing follow-up audit efforts to ensure that management commitments to address audit recommendations are completed as defined and within established timeframes ● Ensuring that audits are performed in compliance with the highest quality standards by: ○ Requiring the completion of audit fieldwork in accordance with procedures set forth in the Internal Audit Manual 

○ Reviewing the draft and final audit reports, including the responses of audit client management to ensure understanding and agreement with audit comments, findings, recommendations and audit client management responses as they will appear in the final report 

● Leading, participating and supporting department quality improvement initiatives, which improve the effectiveness and/or the efficiency of audit processes with the goal of enhancing customer satisfaction and/or encouraging greater employee involvement 

● Recruiting and hiring qualified staff members; motivating, encouraging, and supporting audit teams to accomplish individual and departmental audit goals and objectives; and recommending promotions, salary adjustments, corrective action programs or termination for associates as appropriate 

● Provide a source of talent for the organization by recruiting and developing high performing individuals 

● Developing and maintaining good working relationships with senior company leadership, audit associates and members of the external audit organization 

● Maintaining a high level of technical proficiency in auditing and accounting by keeping current with generally accepted accounting principles, internal auditing standards, and new audit techniques and practices 

● Keeping current with company policies, practices, and procedures ● Preparing the annual, regional budget for Vice President Internal Audit’s approval and ensuring that the actual operating expenses are within the approved budget ● Assuring compliance with the Company Internal Audit Administrative Policies

● Directing the annual individual performance review process of Regional Audit Managers ● Maintaining and improving the Company Internal Audit's contacts within the internal audit profession through attendance and participation in meetings of appropriate professional organizations 

● Communicating and providing the Vice President Internal Audit with periodic report on audit and significant administrative activities, audit status and issues, and contacts with external organizations 

 

Education:

 

● At a minimum, a Bachelor’s degree or equivalent with a concentration in business administration, accounting or finance is required 

● At least one professional certification that guarantees a strong foundation in Generally Accepted Accounting and Auditing Principles is required (CPA, CA, CIA, CISA) ● A CFE (Certified Fraud Examiner) is considered a plus 

 

Experience:

 

● Minimum of 15 years of progressively increased accounting / audit responsibility, preferably in a manufacturing/consumer products environment, with at least 5 years in a role leading high performing audit teams, preferably in a culturally diverse environment 

● Proven experience with analyzing business processes, identifying deficiencies and implementing process improvements 

● Track record of achieving measurable business and functional objectives ● Experience building a high performing audit team and developing talent for the organization that can be measured by the advancement and success of team members 

 

Knowledge:

 

● Highly developed and effective communication skills (oral and written) ● Strong ability to interact with all levels of management including Executive management, Regional Executives 

● Inter-personal skills to build and maintain good working relationships with audit clients ● Quick learner 

● Excellent problem solving and decision making skills 

● Highly motivated and motivates subordinates 

● Team leadership, mentoring and training skills 

● Works effectively as a team member 

● Ability to exercise good judgment and focus on actions that deliver results ● Able to identify risks and make recommendations within complex systems environments ● Ability to drive continuous improvement processes that enhance performance

● Project management skills 

● Highly developed planning and organizational skills 

● Ability to handle multiple, concurrent assignments 

● Well developed negotiation skills 

● Business acumen 

● Operational & Strategic leadership 

 

Prefered language skills:

 

● English: fluent 

● Other Regional Languages: considered a plus 

 

Advanced knowledge of:

 

● Business and financial processes, internal controls and auditing practices ● GAAP (Generally Accepted Accounting Principles) 

● GAAS (Generally Accepted Auditing Standards) 

● IFRS 

● The IIA Standards (The Institute of Internal Auditors) 

● Sarbanes-Oxley Act of 2002 with emphasis on Section 404 of the Act ● Good understanding of business processes and applicable key controls 

 

Others:

 

● Ability to travel domestically and internationally

 

 

Whirlpool Corporation (NYSE: WHR) is the leading major appliance manufacturer in the world, with approximately $20 billion in annual sales, 77,000 employees and 59 manufacturing and technology research centers in 2019. The company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit and other major brand names in nearly every country throughout the world.

At Whirlpool Corporation, we believe that all people matter. Celebrating diversity and including thousands of perspectives empower us to create products that blend into every concept of home. Whirlpool Corporation is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.

Additional information about the company can be found at whirlpoolcorp.com


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