Title:  Director Internal Audit

I.   SUMMARY OF POSITION: Provides assessments to senior level management and the Audit Committee of the Board of Directors concerning the adequacy of the Company’s system of internal controls to ensure that the assets of the Company are being safeguarded, transactions are executed in accordance with proper authorization, policies, and applicable financial performance is fairly presented in accordance with GAAP (Generally Accepted Accounting Practices).  Perform financial and operational audits of business units and other functions within the Company under the direction of the Chairman of the Audit Committee of the Board of Directors.  Coordinates with and assists external auditors with year-end financial audit.  Supervise other resources necessary to accomplish assigned audit engagements.

II.   DUTIES AND ACCOUNTABILITIES (End Results Expected):

• Conducts audits of the Company’s transactions and control systems and functions to evaluate the adequacy of those systems and to ensure that transactions are recorded and reported accurately in compliance with laws and corporate policies.
• Conducts operational audits including inventory controls, payroll, adherence to policies, procedures and checklists resulting in adherence to local and US GAAP and minimal accounting adjustments.
• Conducts audits of the IT Department including security controls, internal controls over the processing of transactions within the computers, external controls on data output and produce reports on the results.
• Undergoes appropriate training in order to both make recommendations on electronifying manual transactions and processes and serving as project manager, when necessary, in converting from manual to electronic processes with the completion of our SAP S/4HANA migration.
• Prepares audit reports to management and the Audit Committee of the Board of Directors addressing audit findings and presenting recommendations for corrective action.
• Contributes to Corporate profit improvement objectives by developing ideas for cost savings and improved efficiency.
• Assists and coordinates effort with the external auditors in the performance of the annual year-end audit.
• Ensures that the seriousness of deviations from Corporate policy and GAAP is not minimized when communicating, either verbally or in writing, audit results to the appropriate members of management or the Chairman of the Audit Committee of the Board of Directors.  Keeps the Chief Financial Officer informed of all findings.
• Uses good judgment and adheres to professional ethics and standards in the performance of all job responsibilities.
• Participates in special projects as directed by senior management.
• Assists in due diligence associated with mergers and acquisitions.
• Presents oral summary reports to the Audit Committee of the Board of Directors and answers Board of Director’s questions in a professional fashion.
• Leads semiannual Enterprise Risk Assessment across the organization.
• Provides proactive audit readiness and risk assessment of new operational and financial processes prior to official audits.
• Thinks creatively and considers how changes in the Company’s business, size, global footprint, technology, staffing or external conditions may create or amplify risks, and develops procedures to test for such risks.

III.  INTERPERSONAL SKILLS: Provides leadership and general direction to, and sets an example for, lower level professional and non-professional personnel.  Interacts with personnel at all levels from other departments of Bourns, Inc. and with management at subsidiaries.

IV.  COMMUNICATIONS:

ORAL: Must be a fluent and tactful speaker and have a good command of the English language.  Excellent verbal skills.  Skillful at communicating instructions and presenting ideas, concepts and solutions.  Must be able to communicate where English is a second language.

WRITTEN: Excellent written skills are required to communicate concepts, solutions and reasoning in a tactful and effective way.

OTHER: Must have a strong understanding in various computer software modules and computer internal controls and be able to work in Word, Excel and Power Point competently.  Background in large scale ERP systems is necessary, especially in a large scale international environment. Fluency in SAP or S4 Hana.      

V.  SCHEDULING AND PLANNING: Assumes responsibility for the detail scheduling and planning of assigned audits as outlined in the audit manual and audit programs.

VI.  ANNUAL OPERATING BUDGET:  N/A

      (Including Payroll Cost)

VII. BASIC JOB REQUIREMENTS:

EDUCATION:  B.A. or B.S. Degree in Finance/Accounting, CPA or equivalent education, experience and/or training. MBA preferred. Professional certifications such as Certified Internal Auditor (CIA) desirable.

TRAINING AND EXPERIENCE: Five years of experience in General or Cost Accounting, to include two years of supervisory experience.  Internal or Public Auditing experience preferred or equivalent work experience, or a combination of education and work experience.

OTHER: Must have a strong understanding in various computer software modules and computer internal controls and be able to work in Word, Excel and Power Point competently.  Background in large scale ERP systems is necessary, especially in a large-scale international environment. Fluency in SAP S/4HANA. Unquestionable integrity, independence and objectivity. High ethical standards and understanding of conflict-of-interest principles. Commitment to continuous professional development.

VII.  EQUIPMENT OPERATED: Personal computer and office software such as MS/Word, MS/Excel, MS/PowerPoint, MS/Project.

IX.  WORKING ENVIRONMENT: Primarily office and factory environment.  Travel is required.

X.  ADDITIONAL  INFORMATION: This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required by the employee.

XI. HIRING RANGE:  $114,503.85 - $122,691.38