Job Summary

The Reconciliation Auditor conducts audits and risk assessments to test reconciliation system accuracy, integrity, and compliance. They document reconciliation procedures, prepare audit plans, and execute internal audits, collaborating with external auditors as needed. They identify process inefficiencies and suggest improvements based on testing and trends, conveying findings through formal reports for management and user training. Additionally, they serve as an objective advisor, ensuring the validity, legality, and goal achievement of reconciliation processes, including resolving discrepancies before client access.

Responsibilities

• Understands the impact of SOC 1 and internal controls performed by the team and can successfully communicate their purpose to others in the company and external auditors.
• Ensures compliance by following the audit processes and procedures required by regulations, industry standards, and internal policies.
• Ensures the accuracy and integrity of data to provide assurance to stakeholders, such as investors, lenders, and shareholders, that the financial information is reliable and can be used for decision-making.
• Detects and prevents errors by examining records, reconciling accounts, and reviewing processes to identify irregularities and recommend corrective actions.
• Conducts risk assessment and management audits to assess the effectiveness of the organization's internal controls and risk management processes. Can identify weaknesses or vulnerabilities that could lead to financial losses or operational inefficiencies, impacting clients.
• Conducts comprehensive and detailed audits of reconciliation activities performed by individuals or teams within the organization.
• Analyzes discrepancies and errors identified in the reconciliation process and collaborates with stakeholders to rectify and prevent recurrence.
• Develops and implements strategies to improve reconciliation procedures, systems, and controls.
• Collaborates with cross-functional teams, including finance, accounting, product, and development, to ensure alignment and adherence to organizational objectives.
• Trains and mentors reconciliation teams to enhance their skills and understanding of SOC 1 and its impact on the organization, with the overall goal of strengthening internal controls.