Description
Marcus Corporation is seeking a Director of Internal Audit to join our team. Reporting to the CFO & Audit Committee Chairperson of the Marcus Corporation Board of Directors, this role will lead the development, execution, and oversight of a comprehensive, enterprise-wide internal audit function and department. Key objectives include assessing and mitigating risks related to fraud, financial misstatement, and regulatory non-compliance; safeguarding the Company’s assets through effective risk management and control processes; and serving as a key driver in fostering a culture of integrity, trust, and compliance across the organization. This opportunity is based out of our corporate office in downtown Milwaukee.
Headquartered in Milwaukee, The Marcus Corporation, is a public company (NYSE: MCS) that is a leader in the entertainment and lodging industries, operating both Marcus Theatres and Marcus Hotels & Resorts. Entrepreneurship, Innovation and “Doing Well by Doing Good” are driving factors that have led to 90 successful years of providing our customers with exceptional experiences by turning ordinary days into extraordinary days! Come join us and be part of the magic!

Sarbanes-Oxley Compliance

• Maintain an advanced understanding of Sarbanes-Oxley (SOX), COSO 2013 internal controls framework, and PCAOB regulatory standards and other relevant guidance issued regarding SOX Section 404.
• Manage positive and collaborative relationships with business unit finance and accounting personnel and the external auditors.
• Oversee the maintenance of the Company’s SOX program and internal controls, including assessing the design, implementation, and operating effectiveness of accounting internal controls that ensure compliance with SOX requirements and that safeguard company assets. These will cover programs for accounting, finance, information systems and operations.
• Support the development of the applicable business unit’s self-assessment of controls.
• Perform detailed tests of key financial controls for applicable business units to identify any gaps in control design or control operative effectiveness.
• Document testing performed in a clear and concise manner, using consistent and standardized methods in effect.
• Work with the applicable business units to identify remediation measures that immediately address the risk to the integrity of the company’s financial reporting.
• Monitor/review business unit creation and maintenance of finance process documentation to ensure documentation exists for all relevant and significant processes and is updated in a timely manner with changes to processes that are significant to the business unit.
• Regularly interact with executive management on matters concerning status of SOX procedures performed, issues identified, and remediation performed.
• Develop, recommend, and implement the Company’s annual Internal Audit Plan. This includes presenting the Internal Audit Plan to the Audit Committee annually with quarterly updates as to audit activities and findings.
• Annually prepare and update a three-year audit plan for approval by the Audit Committee.
• Perform balance sheet, operational and other specific project related audits, reviews or analyses as delineated in the three-year plan or as needed.
• Oversee and review the work of separate operating division internal audit personnel and processes.
• Coordinate with external auditors to ensure effective communication between management and auditors, including maximizing external auditor reliance on management’s work.

Strategic Responsibilities

• Define department strategy, priorities, and objectives, overseeing all internal audit projects, initiatives, annual budget and monitors expenditures.
• Partner with operational leadership and their staff in developing strong, professional and interdependent relationships to ensure a comprehensive understanding of divisional business models to enable value added recommendations that improve efficiency and effectiveness.
• Prepare and provide to leadership and the Audit Committee comprehensive audit reports, consultative insights, and actionable recommendations to strengthen internal controls and processes.
• Build collaborative partnerships with associates at all levels to facilitate audit processes while fostering a culture of ethical conduct, compliance, accountability and transparency across the organization.
• Analyze data, identify trends, and detect potential risks related to fraud, control deviations, and operational inefficiencies.
• Develop the Internal Audit department plan for the effective use of artificial intelligence (AI) in driving more effective and efficient audit procedures. Provides leadership with opportunities for use of AI in accounting and finance operations identified during the course of understanding business processes and performing audits.
• Keep abreast of industry issues and trends in order to proactively shape Internal Audit practices and procedures.
• Lead, mentor, and develop internal audit staff to promote high performance and professional growth.
• Perform other tasks or special projects when required by management, such as due diligence reviews, fraud investigation, etc.