Director of Internal Audit

Company Overview

With $5 billion in revenue and 3,800+ employees in the U.S., Mexico and Canada, TBC Corporation is a leader in the mobility industry and one of North America’s largest marketers of automotive replacement tires through wholesale and franchise operations. TBC serves wholesale customers in the United States, Canada and Mexico through TBC Brands, NTW, TBC International, and TBC de Mexico. Additionally, TBC responds to the needs of consumers in search of total car care at more than 2,000 franchised tire and automotive service centers under the Big O Tires® and Midas®. TBC is headquartered in Palm Beach Gardens, Florida.

TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers throughout the US, Canada, and Mexico. TBC has 20 proprietary brands of tires specializing in passenger, commercial, farm and specialty tires. In 2005, TBC Corp. was purchased by Sumitomo Corporation of America (SCOA). SCOA is the largest subsidiary of Sumitomo Corporation, one of Japan’s major integrated trading and investment business enterprises. In 2018 Michelin, the largest tire manufacturer in Europe, invested in the company which is now a 50:50, privately held joint venture between Sumitomo and Michelin.

Our values are the foundation of our work, how we interact with each other, and the strategies we employ to fulfill our purpose. These are the practices we use every day – in everything we do:

• Teamwork - We are better together.
• People-Focused - We put people first – our Associates, customers, franchisees, and partners – and cultivate a respectful, collaborative, and inclusive culture, top to bottom, inside and out.
• Accountability - We own our actions and decisions; we do what we say we are going to do.
• Leave Everything Better - We innovate to improve everything we touch, and we take actions now to protect the future.

Description

The TBC Corp. Internal Audit (“IA”) function plays an important role in monitoring and evaluating the effectiveness of control systems and contributing to ongoing effectiveness. This function assesses the adequacy of internal controls; tests the consistent and correct application of those controls and reports findings to management.

Given the recent changes in the TBC control environment, the ideal candidate will have experience with creating an audit team anew.  This will require an assessing the existing organization, recommending talent acquisitions as well as placing team members in other departments, balancing Mexico and U.S. resources, documenting processes and procedures and utilizing automation to drive efficiencies and headcount gain.

Job Responsibilities

• Work with department leaders to develop new and strengthen existing process narratives.  Add new controls based on narratives to enhance compliance.  Evaluate existing control environment for gaps and develop controls to mitigate gaps.
• Lead financial audits and SOX compliance initiatives, identify, and recommend control enhancements by leveraging data analysis techniques to provide management with outlined solutions to drive risk reduction, process improvement and cost reduction.
• Work with senior management to develop tools and techniques to strengthen risk management and internal controls including J-SOX (Japanese SOX) compliance.
• Partner with business and utilize knowledge of financial processes, financial reporting risk, and internal controls to design, evaluate, and monitor the Company’s internal controls over financial reporting.
• Champion a risk-based approach to independently evaluate, plan, perform, summarize, and communicate assigned risk assessments and audit activities across Corporate, TBC Brands, TBC Mexico, NTW, and Franchise businesses.
• Evaluate key risks in financial processes and propose changes in control design to address risks efficiently.
• Lead special projects requested by the Audit Committee of the Board around internal control assessments, and special investigations.
• Prepare and provide written and oral reports, communications and/or presentations to management presenting observations and recommendations for internal control improvement and facilitating management action plans.

Additional Job Responsibilities

• Drive continuous improvement of the department by bringing leading practice frameworks (e.g., following IIA Standards), audit process improvements, and thought leadership.
• Research, analyze, understand current marketplace issues and emerging regulatory requirements and guidance to mitigate risks.
• Direct reports: Internal Audit Senior Managers (US and Mexico)
• Assists in the design, development, and maintenance of a comprehensive audit approach and testing strategy, based in technical expertise, and molded to key business risks.
• Proactively identify, share, and discuss business risks to develop the internal audit plan.
• Manage, develop, train, mentor team members and assess performance for mid-year and annual reviews.
• Identifies opportunities for improvement to audit methodology, tools, and training.
• Project manage team, workloads, and deadlines.
• Develop strong relationships with management.

Continued Responsibilities

• Manage third party IA co-source provider, external audit findings, and multiple projects at the same time.
• Develop deep understanding of business units including products, systems, accounting practices, and business initiatives.
• Provide the VP of Risk Management, CFO, and other stakeholders with audit status updates.
• Present internal audit findings to audited departments and to senior management.
• Quality control of internal audit work product through detailed review of work papers and supervision of staff.
• Plan and perform independent audits, advisory projects, and investigations.
• Identify the root cause of specific problems, present practical recommendations to eliminate the root cause and the related effect and gain consensus to implement recommendations.
• Other duties as assigned.

Added Responsibilities

Qualifications

• Bachelor's degree with a major in Finance, Accounting, Economics, Computer Science or equivalent.  MBA is preferred.
• Minimum of 8 years relevant work experience. CPA, CIA, CISA, or other relevant certification is desirable but not required.
• Strong quantitative and qualitative analysis skills including the ability to take large volumes of information and present analysis in a clear and concise manner.
• Excellent verbal and written communication skills.
• Interpersonal skills and the ability to interface with all levels of management within the company.
• Proactive and results-oriented with a demonstrated ability to take initiative.
• Knowledge and understanding of internal auditing standards and techniques as well as general accounting methods, principles, and practices.
• Knowledge of project and team management principles.
• Familiarity with IT general controls, including but not limited to access controls, change management, and IT security protocols.
• Understanding of regulatory requirements as they relate to IT, privacy, and cybersecurity.
• Ability to identify opportunities for the use of data analytics and the skills to execute the analysis.
• Overall proficiency in SAP, and IA systems/tools.
• Technical, analytical, and problem-solving skills.
• Travel required, approximately 25%.
• The position is located in Palm Beach Gardens, FL.
• Bilingual in Spanish /English is a plus

Benefits

• Market competitive compensation
• 401(k) and Roth with company match. Immediate 100% vesting
• Comprehensive benefits including medical, dental and vision
• Company paid short term disability and employer subsidized long term disability
• Company paid life insurance
• Discounted tire purchasing
• Tuition reimbursement
• Employee assistance program
• Generous paid vacation and paid time off
• Customizable voluntary benefits
• and More!!!

Mission Critical Competencies

TBC seeks team members who excel in demonstrating our critical competencies to drive organizational capability. In this spirit we view the following as mission critical for this role:

• Strategic Mindset: seeing ahead to future possibilities and translating them into breakthrough strategies.
• Action Oriented: Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
• Cultivates Innovation: Creating new and better ways for the organization to be successful.
• Collaborates: Building partnerships and working collaboratively with others to meet shared objectives
• Customer Focus: Building strong customer relationships and delivering customer-centric solutions.
• Develops Talent: Developing people to meet both their career goals and the organization's goals.
• Ensures Accountability: Holding self and others accountable to meet commitments.
• Drives Engagement: Creating a climate where people are motivated to do their best to help the organization achieve its objectives.
• Communicates Effectively: Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.
• Instills Trust: Gaining the confidence and trust of others through honesty, integrity, and authenticity.
• Change Management: effective Sponsorship, Change Agent and influencing skills. Adaptive, agile, flexible, open minded. Proven ability to build cross-functional commitment, lead, simplify and scale complex dynamic organizations through transformational change.