The Financial Auditor II performs royalty and financial audits, analyzes contracts, gathers documentation, and conducts data analysis to ensure compliance with agreements. Responsibilities include communicating findings, preparing audit reports, and collaborating with cross-functional teams to address audit issues and enhance business practices.
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Financial Auditor II
POSITION SUMMARY:
The primary function is to perform royalty and related financial audit assignments and assist management with contractual compliance which are part of the licensee and licensor agreements. The results of these audits will be reported to the Audit Committee and various levels of Company management. In addition, your role will include partnering with cross-functional teams globally using data from several sources to solve complex analytical problems and drive the PVH Plus Plan.
PRIMARY RESPONSIBILITIES:
1. Reviewing Contracts and Agreements
- Analyze Royalty Agreements: Examine licensing and royalty agreements to understand the terms, conditions, and formulas used to calculate royalties.
- Identify Key Terms: Focus on key terms related to royalty, advertising, and other compliance to ensure they are properly adhered.
2. Conducting Audits
- Gather Documentation: Collect relevant documents such as sales reports, royalty statements, and other relevant reports and data.
- Perform Fieldwork: Execute audit procedures, including testing calculations, verifying data, and assessing the accuracy of royalty payments and advertising spent.
3. Data Analysis
- Collect and Analyze Data: Use data analysis techniques to review large financial and transactional data volumes.
- Identify Anomalies: Look for discrepancies, unusual patterns, or deviations from expected royalty payments or financial records.
- Use Analytical Tools: Employ tools such as Excel, Power Query, or specialized audit software to facilitate data analysis and visualization.
4. Communicating with Stakeholders
- Discuss Findings: Communicate preliminary findings and issues with relevant stakeholders, such as management or audit clients.
- Follow Up: Address any questions or concerns raised during the audit process and provide additional information as needed.
5. Reporting and Documentation
- Prepare Work Papers: Document audit findings, procedures performed, and evidence collected in work papers.
- Draft Audit Reports: Compile and present audit results, including findings, issues, and recommendations for improvement.
6. Professional Development
- Stay Informed: Keep up-to-date with changes in industry regulations, accounting standards, and audit practices.
- Training and Education: Participate in relevant training programs or certification courses to enhance your skills and knowledge.
7. Collaboration
- Work with Teams: Collaborate with other auditors, financial analysts, and departments to ensure a comprehensive audit approach.
- Engage with Licensee: Coordinate with licensee and licensing teams or consultants, if required, to ensure alignment and address any issues.
8. Additional Opportunities
- Assist with Diverse Internal Tasks: Based on needs, assist with and engage in a range of internal tasks, including Continuous Monitoring, SOX, and Operational Audits.
Top Skills
Excel
Power Query
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