Associate Auditor

Mission:

To perform local audits and to assist the Head of Internal Audit & SOx USA, Supervisor, and or audit lead in conducting audits of different businesses process as per the approved audit plan. This will include financial, operational and compliance audits. The audits are to be performed as per the ArcelorMittal audit methodology and in conformance with the professional internal audit standards published by the Institute of Internal Auditors.

The junior auditor will execute parts of the overall audit under the responsibility of the Head of Internal Audit & SOx USA, supervisor, and/or lead auditor. This will also mean providng inputs for the risk assessments and the audit plan, as well as knowledge sharing where appropriate.

As a junior auditor, he/she will assist with the execution of the annual SOx compliance program for internal controls over financial reporting at ArcelorMittal USA and assist the Head of Internal Audit & SOx USA, Supervisor, and/or lead to execute their SOx related mandate and responsibilites. All tasks are to be performed as per the ArcelorMittal SOx methodology and in conformance with guidance from the external auditors and the appropriate standards published by the PCAOB.

He/she will execute parts of the annual compliance plan (from the planning phase to the completion of the testing) under the responsibility of the Head of Internal Audit & SOx , USA, and/or lead. This will also mean providing inputs in regard to the development of risk assessments, control design, and the deficiency remediation, as well as knowledge sharing where applicable.

Additionally the junior auditor will participate in Internal Assurance related special projects and assignments in other ArcelorMittal units as directed.

Responsibilities:

1. To perform financial, operational and compliance audits under the supervision of the Head of Internal Audit & SOx USA, Supervisor, and/or lead auditor as per the audit plan. This will particularly include:

planning (including participation in the kick-off meeting) of the audit;

development of audit programs addressing all areas of concern;

understanding and documenting business process and internal controls;

identification of key internal controls;

assessing the control environment;

testing of the effectiveness of internal controls;

evaluation of internal controls;

performance of audits as per the ArcelorMittal standards within the specified time schedule;

ensuring that the specified audit objectives are met;

in order to conclude on the existence and adequacy of internal controls;

2. To prepare the audit files as per ArcelorMittal Internal Audit requirements;

3. To ensure that both the audit objectives and the quality standards are met;

4. To identify and recommend improvements in internal controls and value addition opportunities;

5. To assess the potential impact on operations and the risks linked to the specific findings;

6. To discuss and clear the results of the testing and the recommendations raised with the process owners/managers;

7. To prepare the draft audit reports as per the ArcelorMittal format for review by the local head of internal assurance and/or supervisor;

8. To participate in the discussion of the audit results and report with senior management of the local unit;

9. To regularly participate in the in the periodic follow-ups of recommendations;

10. To apply the audit methodology of the ArcelorMittal Internal Assurance Department;

11. To develop procedures / audit approaches for auditing new processes and/or taking different approaches to well known processes;

12. To actively participate in the development of audit plans by identifying risks and processes requiring audits;

13. To develop a detailed understanding of the Steel Industry and the Business Process applied in the unit(s);

14. To develop and maintain solid relationships with local management and key employees;

16. Support a sustainable SOx compliance program through documentation, testing, remediation and reporting of design and effectiveness assessments under the supervision of the Head of Internal Audit & SOx USA, Supervisor, and/or lead auditor.

17.Provide input for annual control planning, materiality assessment, scoping exercises and environment risk assessments.

18. Execute risk-based compliance programs using the COSO2013 framework in conformance with the ArcelorMittal SOx certification standards.

19. Identify, monitor and report on internal control gaps and deficiencies and status of remediation plans in partnership with Business Unit Management.

20. Collaborate with Internal Assurance, external auditors and other experts (e.g. Americas SOx team) regarding SOx issues.

Initially these responsibilities would be performed under the guidance of the local Head of Internal Audit & SOx USA, Supervisor, and/or lead auditor. After some time, the junior auditor must be capable of performing simple audits with more limited supervision by the local head of internal audit, supervisor, and/or lead.

21. To have basic IT skills:

Good understanding in the use of standard computer applications (Microsoft Office).

Basic understanding of IT General Controls and the concepts of application controls.

Basic Audit understanding of ERP Systems, e.g. SAP, common Operating System Platforms, Databases, Networks and Communication technology.

To develop a basic understanding of the IT landscape and IT organizational developments in the unit of residence;

Qualifications:

1. Bachelors degree in Accounting or Finance

2. Professional Qualifications (Chartered Accountant, ACCA, CIA, CISA, CFE) are a plus

Experience:

1. 0-1 year internal audit experience in a large manufacturing company or statutory audits with one of the Big 4

Language:

1. English – Advanced level required (mandatory)

2. Any other language will be an asset

IT Skills:

1. Good knowledge of Microsoft office products (mandatory)

Other: Must be able to work independently and show strong initiative