Hawaiian Electric Company, Inc.

Senior Internal Auditor

Honolulu, HI

$87,400-$111,500

About This Job

We recognize our competitive advantage - our people. We believe in our people, who share our vision of meeting the needs of our employees, customers, and communities and who carry out the continued success of the company.

Our employees are committed to the company's foundational values: integrity, excellence, teamwork, environmental stewardship, and community commitment. In turn, we invest in our employees, providing opportunities for challenge and advancement and offering a competitive compensation package.

BRIEF POSTING DESCRIPTION:

The P NA CORPORATE AUDIT Department of the P CORPORATE AUDIT Division at Hawaiian Electric Company has 1 Management vacancy available. (Role: Professional)

JOB FUNCTION:

Performs multiple financial, operational, technology, and compliance audits for Hawaiian Electric Company and its subsidiaries to provide management and the Audit & Risk Committee of the Board of Directors with an independent evaluation regarding the adequacy and effectiveness of internal controls, reliability of financial reporting, safeguarding of assets, effectiveness and efficiency of operations, and compliance with applicable laws and regulations.

Assists with training and coaching staff auditors in performing audit procedures including workpaper development

Reports to the Director, Corporate Audit for department administrative purposes and for audit assignments reports to the “Auditor-In-Charge” who may be the Director, Corporate Audit or a team member assigned to lead the audit.

For the purposes of this job description, “administrative purposes” refers to coordinating auditor assignments, ensuring compliance with department policies, procedures and standards, assisting with developing and providing performance evaluations, identifying and facilitating training plans, keeping track of auditors’ schedules and timekeeping attendance, and other tasks as assigned to the Manager, Corporate Audit or by the Director, Corporate Audit.

“Auditor-in-charge” refers to the individual who provides direction to audit team members and assesses the quality of the work of the team, provides on-going communication to audit management and auditees, develops the draft audit report, prepares for the exit conference, and other audit activities as deemed necessary by the Director, Corporate Audit or VP Internal Auditor.

ESSENTIAL FUNCTIONS:

ANNUAL RISK ASSESSMENT, AUDIT PLANS AND AUDIT PROCESS

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Contributes to the annual risk assessment process and developing the annual audit plan.

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Performs multiple audits

+ Planning Process: Executes planning process, conducts planning meetings, develops clear and accurate planning documents with controls, risks, breadth of procedures planned, etc., conducts walkthroughs, participates in entrance conference/kickoff meetings + Fieldwork: Develops testing strategy and test plans, analyzes data, processes and controls, identifies any nonconformance, noncompliance, or deviations, communicates results/issues/potential findings to Auditor-In-Charge, participates in exit meetings. + Finding Forms and Draft Report: Prepares finding forms for any nonconformance, noncompliance, or deviation using department’s writing standards and assists with finalizing draft report. + Workpapers: Develops clear and accurate workpapers with identified controls and risks, breadth of procedures performed, and test results. + Performs other audit steps. + Leads audits at the discretion of Audit management and depending on the level of scope and objectives.

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Performs follow-up reviews to ascertain whether audit findings have been adequately addressed including the tracking and monitoring of management’s action plans.

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Performs the reperformance of the SOX testing for the external auditors’ reliance.

OTHER

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Assists with coaching and training auditors on audit process steps.

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Performs advisory services and other consulting work as assigned.

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Supports and implements department process improvements to progress and streamline audit activities and decrease turn-around time.

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Builds effective working relationships and serves as a liaison to other Company departments or process areas, providing guidance and fielding questions to add value and improve operations as it relates to governance, risk management, internal controls, and the execution of strategy and its alignment with the Company vision.

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Participates in Company emergency response activities as assigned, including any activities required to prepare for such emergency response.

BASIC QUALIFICATIONS:

Knowledge Requirements

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Strong knowledge of general accounting and auditing principles and concepts (e.g., GAAP, GAAS and COSO) normally acquired through college level business courses. Bachelors degree in Business Administration in Accounting or its equivalent.

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Professional certification/designation such as Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), Certified Information System Auditor (CISA) or advanced degree (MBA or MAcc) strongly desired.

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Strong knowledge of the financial reporting and corporate governance requirements and responsibilities specified under PCAOB Standard #5 and those governed by the SEC, NYSE and Sarbanes-Oxley Act of 2002.

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Proficient use of personal computers and related software applications, including Microsoft Word and Excel, and VISIO.

Skills Requirements

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Excellent oral, written, listening and interpersonal communication skills to effectively work with all levels of the organization, while dealing with sensitive, difficult or confrontational issues.

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Ability to effectively prepare accurate and concise workpapers of audit test plans and supporting documentation.

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Strong writing skills to effectively produce and review/edit audit workpapers and report drafts.

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Ability to adapt to changing circumstances in the work environment, while maintaining composure and a positive attitude.

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Demonstrated ability to maintain confidentiality and professionalism in a sensitive work environment and act as an appropriate role model for other team members.

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Ability to identify solutions to problems and modify methods, procedures and practices to achieve desired results or resolve issues.

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Ability to extract and integrate important information from large volumes of data, analyze reasonableness of data and apply technical concepts and methodologies.

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Ability to conceptualize new ideas quickly, understand and discuss relevant issues and offer value-added solutions.

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Mature time management, planning, directing and organizational skills to complete multiple tasks efficiently, timely, and accurately in order to meet department goals or deadlines.

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Strong commitment to teamwork and two-way communication to ensure the achievement of common goals and objectives.

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Demonstrated responsibility for self-development and willingness to learn new skills by actively participating in Company-sponsored training, self-study, professional organizations or other educational means.

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Ability to travel to neighbor island subsidiaries, as required.

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Ability to telework.

Experience Requirements

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At least five to seven years of demonstrated experience in all areas of auditing – financial, operational, technology, and compliance, acquired via experience in public accounting, internal audit or a combination of both.

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Experience in utility industry highly desired.

Role: Professional

Number of Vacancies: 1

Location: Honolulu – Oahu*

Position is hybrid with 1-2 in-office days per week*.

Hiring Range: The hiring range for the Senior Internal Auditor [Req ID 9751] position is $87,400.00 to $111,500.00. The person selected will be placed according to his/her skills and qualifications.

About Hawaiian Electric Companies

Hawaiian Electric Companies provide electricity and services to 95 percent of the state's 1.4 million residents. The company is also one of the state's leading employers and a major contributor and supporter of community and educational programs.

The demand for power that has fueled the growth of the Hawaiian Islands has been met by Hawaiian Electric Companies for well over a century. And as the next millennium unfolds, the company is committed to providing quality service and seeking clean local energy sources to power generations of Hawaii families and businesses to come. Visit us at http://hawaiianelectric.com.

Interested individuals should apply online. The application must clearly indicate the demonstrated experience/knowledge/skills/abilities the candidate possesses which specifically qualifies him/her for the position.

Applicant Certification

By submitting an application for the position, candidates:

1. Authorize the Hawaiian Electric Companies to confirm all statements contained in the application and/or any materials submitted and made a part of the application as they relate to the position and to the extent permitted by law;

2. Authorize and consent to, without reservation, the Hawaiian Electric Companies sharing any and all information regarding previous or present employment, educational training or personal information from their records and from any other source with the hiring department or subsidiary company;

3. Release, discharge, and hold harmless, Hawaiian Electric Companies, from any and all liability for any damage which may be claimed as a result of furnishing such information to the hiring department or subsidiary company;

4. Authorizes release and transfer of all personnel records to be maintained by the hiring company in the event of an inter-company transfer; and

5. Authorize, direct, and consent to Hawaiian Electric Companies and/or its authorized agents to conduct investigations into candidates' background. These investigations may include, but are not limited to searches for information about applicants; record of criminal convictions to the extent permitted by law, education records, professional certifications, personal character references, and employment history.

EEO Statement

Hawaiian Electric Companies is an equal opportunity employer, including disability and protected veteran status.

Hawaiian Electric Companies complies with all applicable laws, including Title I of the Americans with Disabilities Act. Any request for reasonable accommodation needed during the application process should be communicated by the candidate to the HR Service Center at (808) 543-4848.

Affiliate Disclaimer

Hawaiian Electric Company, Inc., Maui Electric Company, and Hawaii Electric Light (“Company”) are Hawaii Public Utilities Commission (“PUC”) regulated companies. The disclosure relating to Affiliate Transaction Requirements that follows is made pursuant to the PUC’s Decision and Order No. 35962, issued on December 19, 2018, and subsequently modified by Order No. 36112, issued on January 24, 2019 in Docket No. 2018-0065.

By submitting your application, you understand and acknowledge that, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate, said Affiliate will be required to make a one-time payment to the Company in an amount up to twenty-five percent (25%) of your base annual compensation.

In addition, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate or an Affiliate-Related Entity, for a period of one year, you cannot appear in negotiations or otherwise interact directly with the Company or work on the same matter that you worked on while with the Company.

Affiliate is defined as “any person or entity that possesses an ‘affiliate interest’ in a utility as defined by section 269-19.5, Hawaii Revised Statutes (“HRS”), including a utility’s parent holding company, except as otherwise provided by HRS section 269-19.5(h).”

Affiliate-Related Entity is defined as “a third party that provides electricity-related services in a regulated utility’s service territory that has a material financial, operational, or ownership interest with an unregulated affiliate of the utility and of whom the utility has reasonable knowledge.”

For a current list of all Affiliates and Affiliate-Related Entities, please see:

https://www.hawaiianelectric.com/about-us/key-performance-metrics/financial/affiliate-transactions

This list may be amended, updated or revised from time to time without notice.

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