Supervisor, SOX Compliance

BlueCross BlueShield of South Carolina•Columbia, SC

3d•Onsite

About The Position

Summary Supervises daily activies performed by the Model Audit Rule (MAR/SOX) Department in the compliance effort that results in annual reporting to the Department of Insurance in activities such as, but not limited to: risk assessments, process documentation (Financial, Operational and I/S Processes), identification of risks and key controls, testing of controls, reporting of deficiencies, evaluation of deficiencies, periodic reporting to Management, Steering and Executive Committees and the Department of Insurance. Description This role is a full-time onsite position working Monday-Friday at 51 Clemson Rd, Columbia, SC. What You'll Do Supervises and provides guidance and assistance to staff in the development, implementation and performance of an internal control compliance program to test and ensure effectiveness of the control environment. Reports deficiencies, proposes and approves remediation plans, and evaluates deficiencies for annual reporting to the Department of Insurance. Responsible for direct the day-to-day activities of staff. Assigns work according to skillset and availability of staff to ensure departmental goals are achieved on a timely basis. Actively participates in the selection of candidates. Completes performances evaluations and addresses performance issues, taking appropriate disciplinary action up to and including termination of employment. Supervises and directs the design and documentation of required controls (entity level controls, transaction-based controls, and system-based controls) including narratives, process diagrams, control descriptions, risk and control matrices, and test plans in cooperation with operational teams and process owners for management review and approval. Provides recommendations on control implementation and design. Reviews auditor recommendations and escalates all items requiring management intervention. Performs a comprehensive, top-down, risk based, company-wide risk assessment. Maps every in-scope financial statement line item to the applicable processes and key controls. Evaluates risks, scoping, and timing for all lines of businesses and companies required to comply with SOX/MAR. Determines level of risk, impact to each line of business and company, and how each line of business and company affects one another for each process evaluated.

Requirements

Required Education: Bachelor's in a job related field.
Required Work Experience: 5 years-auditing, Sarbanes-Oxley/MAR, compliance, accounting/financial, or Information Systems, experience. Two years in a lead auditor, project leader role or equivalent military experience in grade E4 or above (may be concurrent).
Required Skills and Abilities: Proficient knowledge of risk management methodologies, Sarbanes Oxley (SOX) or Model Audit Rule (MAR), COSO framework, COBIT framework, PCAOB, internal control concepts, GAAP, financial controls, process analysis and risk assessments. Strong interpersonal, oral and written communication skills. Strong project management, planning and organizational skills. Proactive, responsible, and ability to work with all levels across the organization. Able to work both independently and in a team environment. Excellent analytical and problem-solving skills. Ability to perform under tight deadlines and prioritize effectively.
Required Software and Tools: Microsoft Office, Adobe, Access (or other databases).

Responsibilities

Supervises and provides guidance and assistance to staff in the development, implementation and performance of an internal control compliance program to test and ensure effectiveness of the control environment.
Reports deficiencies, proposes and approves remediation plans, and evaluates deficiencies for annual reporting to the Department of Insurance.
Responsible for direct the day-to-day activities of staff.
Assigns work according to skillset and availability of staff to ensure departmental goals are achieved on a timely basis.
Actively participates in the selection of candidates.
Completes performances evaluations and addresses performance issues, taking appropriate disciplinary action up to and including termination of employment.
Supervises and directs the design and documentation of required controls (entity level controls, transaction-based controls, and system-based controls) including narratives, process diagrams, control descriptions, risk and control matrices, and test plans in cooperation with operational teams and process owners for management review and approval.
Provides recommendations on control implementation and design.
Reviews auditor recommendations and escalates all items requiring management intervention.
Performs a comprehensive, top-down, risk based, company-wide risk assessment.
Maps every in-scope financial statement line item to the applicable processes and key controls.
Evaluates risks, scoping, and timing for all lines of businesses and companies required to comply with SOX/MAR.
Determines level of risk, impact to each line of business and company, and how each line of business and company affects one another for each process evaluated.