• Support Audit team objectives by testing control effectiveness and other audit activities with the use of data analytics.
• Build upon existing framework of data analytics and develop dashboards and advanced visualizations to help Internal Audit and operations proactively and continuously monitor and identify risks.
• Identify sources of data across audit areas and develop efficient techniques to access and query the data, including areas where data analytics were not previously used.
• Facilitating ad-hoc analytics requests and data acquisition, to support internal audit, special projects, and investigations.
• Collaborate with the business and IT to understand and document the process flow (including individuals, applications, and data sets involved) for transactions and/or control execution.
• Assist in the identification of areas where data analytics can be used to increase efficiencies without compromising the quality of work being performed.
• Work with the Director of Internal Audit and operations management to identify meaningful dashboards for use in the business and assist management with their monitoring activities. •
Work with the Director of Internal Audit to identify areas where data analytics can either supplement or replace current audit practices. • Development of analytics specific to fraud detection.
• Perform other audit duties as necessary to support the overall annual audit plan.
Minimum Education Required:
Bachelors Degree in Economics, Statistic, Math, Business Analytics or relevant related field.
Experience:
5+ years of relevant experience analyzing large data set through the use of data analytics.
Comfortable with accounting and finance terminology; ability to understand audit risks, methods and procedures.
Previous experience with data analytics and visualization software (i.e. Power BI, Tableau, IDEA, etc.)
Experience working with Oracle a plus but not required
License/Certificates:
If not already obtained, required to obtain CIA or Data Analytics certificate within the first 3 years
Success Factors:
• Good organization skills and ability to multitask while working within defined deadlines.
• Strong written and verbal communications skills with experience interacting with and presenting to management.
• Ability to think strategically about the Company and the IA department and how the IA department can assist the Company in their data analytic endeavors.
• Strive to cultivate a deep knowledge of Newpark’s culture, risks and competitive business environment.
• A natural affinity and passion for problem solving enabling precision thinking, accurate reporting and statistical analysis to ensure the integrity of the auditing process.
• Effective presentation/communication/people skills to present risk driven analytical dashboards and compliance reports to key stakeholders and the ability to incorporate business needs into dashboard development and transition dashboards to management for use in their daily monitoring activities.
• Innovative mindset enabling use of software, business knowledge and data analytical skills to identify business risks.
• Ability to effectively analyze the results of data analytics being performed, evaluate the need for, and perform, additional follow-up to bring findings to a conclusion for presentation to the Director of Internal Audit.
• While respected for their independent role, viewed as a business partner in the right circumstances.
• Assess the impact of observations and present them in a persuasive and confident manner. Write clear, concise, nd meaningful reports and issue summaries .
• Demonstrate professional curiosity with a continuous improvement mindset and the ability to learn new skills as needed.
• As the internal audit data analyst, access to sensitive information and interaction with operations/finance management occurs on a regular basis. As such, this position must exhibit an uncompromising integrity and embrace Newpark’s Core Values of Safety, Excellence, Accountability, Integrity, and Respect.
• Emphasis on continual improvement through education and development opportunities and a focus on improving audit efficiencies through analytical analysis.
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