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Financial Compliance Analyst

Memphis, TN
Job Description Print Preview
What if you were given the opportunity and responsibility to make a difference? It is time to embrace your Infinite Possibilities. This is your opportunity to be part of International Paper, a Fortune 500 company and global leader in paper and packaging products. IP is known for our commitment to the environment and to cutting-edge technology. We have spent more than 100 years creating new ideas, and we are looking for people who can collaborate to help us build on our history, while creating future success. We are committed to attracting, preparing, promoting and supporting our teams. At International Paper, you control your destiny. We offer benefits, challenges, global opportunities and total rewards. When we say Infinite Possibilities, we mean it.
Overview:
The Financial Compliance Analyst reports to the Sr. Financial Compliance Manager and supports the internal control related monitoring and improvement activities of the Company, ensuring that efficient and effective financial policies, procedures and controls are in place. The principal responsibilities of the Financial Policies & Controls department are:
  • Creation, maintenance, standardization and implementation of Financial Policies, along with providing related guidance and training as required by Company personnel;
  • Setting the internal control framework for the Company’s “financial” processes, ensuring that the framework aligns with the Company’s risk tolerance profile, and monitoring the framework’s effectiveness & efficiency;
  • Oversight & management of the Company’s compliance with Sarbanes Oxley, including: the annual risk assessment, scoping, evaluations, analysis,    documentation, reviews and Quarterly 302 compliance assessments;
  • Coordination and oversight of the U.S. Balance Sheet Review process;
  • Coordination and oversight of the Company’s Quarterly Representation (i.e. QR16) process;
  • Monitoring of Segregation of Duties and High Risk Sensitive Access for the primary ERP system (i.e. SAP) and other select high risk systems;
  • Managing the North America Fiber Security processes;
  • Managing the Company’s Unclaimed Property processes.
     
The following are typical of the responsibilities associated with the Financial Compliance Analyst position; all require the ability to directly and effectively interact with personnel
at various organization levels of the Businesses (both domestic U.S. and International), Finance Global Operations, Corporate Groups, Internal/External Audit,  third party service providers, governmental agencies, vendors, and customers.  
  • Safety: Engage in safe work environment in order to support the company safety objectives and goals;
  • Unclaimed Property:  Ensure timely, complete, and accurate completion of the Company’s unclaimed property compliance & reporting efforts (working under the supervision of the Sr. Manager Compliance Manager – International Businesses & Unclaimed Property position):
  • Perform unclaimed property due diligence in an effort to return unclaimed property to the rightful owner;
  • Filing state unclaimed property returns timely, completely, and accurately;
  • Preparation of applicable monthly balance sheet reconciliations pertaining to unclaimed property balance sheet accounts that are assigned to the Policies & Controls Department;
  • Preparation of vendor addition/change requests and check requests related to payments to states and/or property owners;
  • Keeping up-to-date with all applicable states’ current unclaimed property laws to ensure the Company’s compliance with those laws;
  • Keeping up-to-date the applicable unclaimed property policies & information maintained in the IP Financial Policy Manual and on the Policies & Controls Department’s website;
  • Locating and recovering unclaimed property held by the various states’ unclaimed property departments and other governmental-type agencies for which International Paper or affiliates are the rightful owners; doing so either directly or by working with 3rd party unclaimed property search firms that the Company may engage with;
  • Responding to unclaimed property audits conducted by or on behalf of state agencies;
  • Responding to questions from Company personnel.
  • Participate in and lead Balance Sheet Reviews, follow-up on identified open issues, and prepare reports of findings.
     
  • Participate in the annual SOC-1 report review process, including taking responsibility for assigned SOC-1 reports including but not limited to: (1) following up on the status of reports, (2) reviewing reports, (3) following-up with process owners and/or the 3rd party providers as necessary, and (4) preparing summary reports of results. 
  • Participate in the periodic Global SOX Business Coordinators meetings, and as directed, prepare and present relevant information during those meetings.
  • Assist with financial policy development, researching & responding to financial policy questions, and preparing & conducting training on financial policies.
     
  • Participate in tasks, assignments, projects, and department & Company initiatives as may become necessary.
Qualifications:
The ideal candidate for this position has an accounting or finance degree, and at least 4-6 years of accounting/finance experience with either the Company’s business or corporate staff organizations. Working knowledge of SAP is desirable. The candidate will be a highly motivated individual who is action oriented, able to work independently, be able to provide constructive input, and capable of working effectively with various stakeholders in different organizations, as well as, at different position levels. The position should be viewed as a development opportunity in preparation for other finance positions within the company.
Core Competencies:
Integrity & Trust; Ethics & Value; Priority Setting; Drive for Results; Dealing with Ambiguity, Customer Focus; Interpersonal Savvy; Organizing; Learning on the Fly; Action Oriented; Perseverance; Technical Learning; Time Management; Listening; Relationship with Peers; Written/Oral Communication.
International Paper is an Equal Opportunity Employer - Minorities/Females/Individuals with Disabilities/Veterans

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