Internal Controls Manager

Overview

Responsibilities

Responsibilities

• Lead the development and continuous improvement of the internal control framework, ensuring alignment with regulatory requirements.
• Drive the internal controls strategy to encompass operational finance, reporting, and balance sheet integrity. This includes involvement in the acquisition of new entities and their integration into Trane’s control environment.
• Conduct comprehensive reviews of financial processes, including Record-to-Report (R2R), Procure-to-Pay (P2P), and Order-to-Cash (O2C), to identify and address control gaps.
• Oversee the governance of balance sheet reconciliations, ensuring accounts are substantiated accurately, completely, and in a timely manner.
• Review and enforce controls around balance sheet accounts, focusing on documentation quality, reconciliations, and aging management.
• Perform regular risk assessments and maintain risk and control matrices (RCMs) to ensure effective monitoring and financial reporting integrity.
• Design and implement a mix of preventive, detective, and automated controls to enhance the overall control environment.
• Act as the primary owner for addressing control deficiencies, including findings from internal audits, SOX compliance, and self-identified gaps.
• Lead root cause analysis efforts and develop sustainable remediation plans with clear accountability for implementation.
• Serve as the internal controls subject matter expert in the region and be the main liaison for internal controls initiatives, collaborating with Finance leadership, Internal Audit, and external auditors.
• Establish governance routines for ongoing control monitoring, certification, and reporting of any identified deficiencies.
• Promote standardization of policies, standard operating procedures (SOPs), and control documentation across various regions and business units.
• Identify opportunities for control automation and optimization, leveraging ERP systems and digital tools to enhance efficiency.
• Ensure audit readiness by maintaining high-quality documentation and facilitating control walkthroughs and testing processes.
• Develop and present the results and actionable insights to senior leadership, supporting informed decision-making and strategic planning.

Professional Skills

• Ability to analyse complex financial processes and identify control gaps effectively.
• Proficiency in conducting comprehensive risk assessments and maintaining risk and control matrices (RCMs).
• In-depth understanding of COSO internal control framework, and best practices.
• Familiarity with financial processes such as Record-to-Report (R2R), Procure-to-Pay (P2P), and Order-to-Cash (O2C).
• Awareness of regulatory requirements and governance standards relevant to internal controls.
• Ability to lead projects focused on control improvements and remediation plans with clear accountability.
• Strong verbal and written communication skills for effective collaboration with Finance leadership, Internal Audit, and external auditors.
• Capacity to perform root cause analysis and develop sustainable solutions for identified control deficiencies.
• Meticulous approach to reviewing documentation quality and ensuring accuracy in balance sheet reconciliations.
• Skills in designing and implementing a mix of preventive, detective, and automated controls.
• Ability to promote standardization of policies, and control documentation across various regions and business units.
• Familiarity with ERP systems and digital tools for control automation and optimization.
• Experience in maintaining high-quality documentation and facilitating control walkthroughs and testing processes.
• Capability to develop and present internal control reports and actionable insights to senior leadership.
• Commitment to driving continuous improvement initiatives within the internal control framework.
• Possess project management skills to facilitate timely completion of established project and audit milestones.
• Ability to handle highly confidential information in a strictly professional manner.
• Critical thinking, analytical and financial analysis skills.
• Maintain and exhibit the highest standards of ethics, professionalism, integrity, and discipline.

Qualifications

• Bachelor’s degree in accounting or finance or equivalent.
• Certified Public Accountant (CPA), Chartered Accountant or equivalent certification.
• 8+ years of combined relevant audit, internal controls, and/or SOX compliance experience required, including relevant Big 4 public accounting experience.
• Demonstrated expertise in fundamentals of internal controls, audit & testing design.
• Strong analytical skills with experience in statistical modeling and analysis.
• We offer competitive compensation and comprehensive benefits and programs.
• We are an equal opportunity employer; all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, pregnancy, age, marital status, disability, status as a protected veteran, or any legally protected status.