Internal Controls Lead - Remote

Raytheon Technologies

5d•Remote

About The Position

At Raytheon, the foundation of everything we do is rooted in our values and a higher calling - to help our nation and allies defend freedoms and deter aggression. We bring the strength of more than 100 years of experience and renowned engineering expertise to meet the needs of today's mission and stay ahead of tomorrow's threat. Our team solves tough, meaningful problems that create a safer, more secure world. Raytheon has an opening for a Manager, Internal Control to join the Financial Reporting, Controls, and Consultations (“FRCC”) team leading Accounting Control Assessments (“ACAs”), Raytheon's Anti-Corruption Sustainment program, supporting projects, and assisting in technical accounting and reporting deliverables. The position spans both the Internal Control and Financial Reporting portions of the team with visibility to local entity and Raytheon level leadership. The ACA process is executed under the RTX Internal Control Over Financial Reporting (“ICFR”) policy. ACAs are performed on non “Tier 1” sites and processes to verify compliance with policies and internal controls. The scope of ACAs are determined by business discretion and include walkthroughs and testing that is documented in a formal report issued to stakeholders and leadership. To be successful in this area requires an understanding or ability to apply the range of RTX and Raytheon policies and controls as well as the ability to identify and drive improvements. The Anti-Corruption Sustainment program includes both ad hoc and recurring events such as the annual Anti-Corruption Self Assessment (“ACSA”). The ACSA is a survey of Raytheon's small sites and branches for policy compliance and identification of anti-corruption risk. To be successful in this area requires strong project management skills and the ability to critically review responses against control and policy requirements. Both the ACA and ACSA processes along with other responsibilities of this role will include supervision of Internal Control team members and review of their work. The Financial Reporting, Controls, and Consultations team supports the Business Controller organization through: quarterly financial reporting deliverables, assessing transactions under US GAAP and Company Policy, internal controls compliance, completing finance projects, leading the adoption of new accounting standards, and providing accounting guidance and training to the broader organization. The position will allow for opportunities to cross-train and assist in these areas.

Requirements

U.S. citizenship is required, as only U.S. citizens are authorized to access information under this program/contract.

Responsibilities

Lead Accounting Control Assessments (“ACAs”) for Raytheon including scoping, execution, and follow-up with local management
Own multiple aspects of Raytheon's Anti-Corruption Sustainment program including the annual Anti-Corruption Self-Assessment (“ACSA”)
Perform monthly reporting of segment performance for internal management use
Assist in research or documentation of technical whitepapers which determine the accounting treatment for key and non-recurring transactions
Contribute to the preparation of the quarterly Significant Judgements, Events, and Accounting Matters (“SJE”) memo
Assess process improvements and determine best practices for the preparation or review of key financial reporting footnote inputs as part of the project team
Supervise the annual risk assessment process including documentation and reporting for the tiering of Raytheon sites
Manage the IA and ACA internal control findings for both timely closure and accurate reporting to Management
Monitor and review the segregation of duties assessments for Raytheon sites including evaluation of conflicts for critical roles
Participate in or lead projects or initiatives to improve processes, systems, templates, and tools for greater efficiency or accuracy to support the financial reporting and internal financial control environment
Support the information or evaluation requests of the SAP S4 HANA implementation project for Raytheon's international and small sites
Serve as the Raytheon Accounting liaison for RTX Internal Audit and as a point of contact for the external audit team
Perform control assessments and “read across” reviews for findings identified in ACAs and IA audits
Actively participate in meetings, workshops, and team discussions to ensure the Raytheon controls implications are understood and incorporated into the decisions made
Own the monitoring and self-assessments of Raytheon systems and key reports including supervision of team members in the execution of testing