PennyMac Senior, SOX Analyst in Westlake Village, California
Manage and test compliance with the Sarbanes-Oxley Act (SOX) for both public companies (PFSI and PMT). Responsible for partnering with senior management, business units, internal auditors, and external auditors to maximize the efficiency and effectiveness of the SOX function. Responsible for performing Design and Operating Effectiveness testing of SOX internal controls. Responsible for performing other Finance QA/QC testing of other internal controls.
Contribute to the SOX compliance life cycle for both public companies. This includes performing and contributing to the SOX risk assessment, fraud risk assessment, SOX walkthroughs, flowcharts and control matrix documentation, design and implementation of controls, and performing operating effectiveness testing.
Responsible for performing Design and Operating Effectiveness testing of SOX internal controls.
Assist in the preparation of control deficiency assessments, evaluate severity of deficiencies, work with business units to develop appropriate remediation plans, ensure remediation plans are properly implemented, and test remediation plans.
Assist business units in the design and review of Management Review Control (MRC) documentation. This includes the evaluation of financial statement accounts or valuations that are typically higher risk, subjective in nature, include significant assumptions, unobservable inputs, and require management judgment to conclude upon.
Assist with design and implementation of internal controls related to new accounting standards, new products, or Company initiatives (as appropriate).
Act as an audit liaison, interacting with business units, internal auditors, and external auditors, to maximize the efficiency and effectiveness of the SOX function.
Perform testing of Finance QA/QC controls. Evaluate the findings, work with business units to develop appropriate remediation plans and ensure remediation plans are properly implemented.
Assist in policies and procedures compliance by interacting with the process groups within the office of CFO.
Stay up to date on changes in accounting guidance and SOX regulations to ensure the Companies’ compliance. Fulfill on role-based compliance, personal skill and professional development requirements.
Adhere to company code of conduct and policies & procedures.
Fulfill special assignments necessary to support business strategy and perform related duties as required and assigned
Demonstrate behaviors which are aligned with the organization’s desired culture and values
Ideal Candidate will have the following:
2-3 years of Public Accounting External Audit experience, SOX Compliance, or Internal Audit experience (Big 4 experience preferred; Mortgage/Banking industry experience preferred; IT Audit experience preferred).
Strong understanding of Sarbanes-Oxley Act of 2002, Sections 404 & 302 and Knowledge of COSO Integrated Framework
Knowledge of internal control structure and processes through experience in an external audit firm, internal audit department, or SOX compliant business unit.
Exposure to IT General controls and IT application controls is a plus
Strong project management skills and the ability to prioritize and plan work activities within established deadlines.
Excellent communication skills with the ability to interact with all levels of leadership and communicates clearly and persuasively.
nt problem solving and critical thinking skills, in order to identify and resolve problems in a timely manner
Experience with Microsoft Office and Visio / Lucidchart. Experience with SOX HUB is a plus
Completed or plan to complete CPA, CIA or CISA preferred
Years of Experience:
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Requisition ID 21-21558
Location US-CA-Westlake Village
Position Type Regular
Education Bachelor's Degree
Years of Experience 3