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Senior, Internal Audit in Queens, NY at Standard Motor Products

Date Posted: 11/6/2023

Job Snapshot

Job Description

Established in 1919 and traded on the NYSE, Standard Motor Products, Inc., (SMP) is a leading independent manufacturer, distributor, and marketer of replacement parts for motor vehicles in the automotive aftermarket industry, with a complementary focus on heavy duty, industrial equipment and original equipment markets.

We are organized into two operating segments. Each segment focuses on providing our customers with full-line coverage of its products, and a full suite of complementary services that are tailored to our customers’ business needs and driving end-user demand for our products. Our Engine Management Segment manufactures and distributes a full line of critical components for the ignition, electrical, emissions, fuel and safety-related systems of motor vehicles. Our Temperature Control Segment manufactures and distributes a full line of critical components for the temperature control (air conditioning and heating) systems, engine cooling systems, power window accessories and windshield washer systems of motor vehicles.

We sell our products primarily to automotive aftermarket retailers, program distribution groups, warehouse distributors, original equipment manufacturers and original equipment service part operations in the United States, Canada, Europe, Asia, Mexico and other Latin American countries.

We employ approximately 4,300 people in North America, Europe and Asia.

Position:           Senior, Internal Audit

Reports To:       Manager, Internal Audit

Overview:         The Senior, Internal Auditor will plan and execute Internal Audit reviews/special projects in accordance with accepted professional standards and report the results of those reviews to the Director, Internal Audit & Senior Management (CFO, CAO & CEO).

In addition, the Senior, Internal Audit will have responsibility for the effectiveness and continuous improvement of the in-place company-wide control environment along with coordinating results with external auditors and reporting activities to the Audit Committee.  

The ideal candidate will have hands-on experience identifying and addressing financial, operational, IT and compliance risks in business processes, evaluating the design of internal controls and executing audits to assess the effectiveness of processes and controls. 

                        The expectation is that the individual in this role will be eligible for job rotation within finance/accounting in 2-3 years.  

 

Company:         Standard Motor Products, Inc. ($1.3 billion, global, NYSE manufacturer/ distributor of automotive replacement parts) located Long Island City, NY

Activities:         Primary responsibilities of the position would include:

  • Performing internal audit reviews, including the enhancement of audit plans, programs and/or documentation in accordance with best practices by accepted professional standards.
  • Assist the Manager and Director, in the development of our data analytics program including use of the Business Intelligence (BI) Tool to enhance audit procedures.  
  • Work with the team as we increase our use of third party audit and SOX solutions in an effort to increase use of automation in our audits. 
  • Partner with business owners to continuously develop an understanding of the business, its processes and operations, and to identify control enhancement and process enhancement opportunities.  Including identifying the financial risk of the organization and offer recommendations to reduce risk.
  • Identify and communicate business inefficiencies, internal control weaknesses or operational issues observed during audits and recommend appropriate solutions.
  • Responsible for the effectiveness and continuous improvement of the in-place company-wide SOX control environment.  Ensure all objectives/goals are met in compliance with Section 404 of the Sarbanes-Oxley Act.
  • Assist the department in the development and management of approximately 8 independent SOX testers.
  • Provide assistance and guidance to external auditors to ensure timely and efficient completion of audits.
  • Support the department in special projects, including cross-functional projects with business owners, IT and senior management (CAO, CFO, Controller).
  • Present findings to senior management (CAO, CFO, Controller) in the form of reports.

Experience  and Skills:      

 

To function as the Senior, Internal Audit the following experience and  skills are required:

  • Approximately 2-4 years audit experience; “Big 4” and/or internal audit advisory practice in a CPA firm preferred.
  • Ability to manage his/her time effectively, meeting deadlines consistently while working on multiple tasks without sacrificing quality of work.
  • Capable of working as a team player and comfortable being part of a “hands on” team of professionals.  Strong work ethic a must.  
  • Ability to exercise proper judgment with above average analytical skills and upward mobility.
  • Excellent written and oral communication skills.
  • Proficiency in MS Office Products and a general understanding of ERP Software. 
  • Travel up to 10%, domestic and international. 
  • CPA or in process of obtaining a CPA, a must.  MBA would be desirable but not required.

The estimated salary range for this position is $90,000- $100,000.

Please note that the salary range provided on the job posting does not include potential bonuses and other forms of compensation and, in some cases, may fall outside the range. The actual salary offered will be based on a wide range of factors, including relevant skills, training, experience, education, and where applicable, licensure or certification obtained.

Standard Motor Products is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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Standard Motor Products is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.