What are the responsibilities and job description for the Internal Controls Specialist position at Progress Rail, A Caterpillar Company?
Job Purpose
Assist in ensuring a robust financial and operational control environment for Rail Division. Conducts general internal audits to test and validate that business processes and procedures adhere to Rail Division policies.
The candidate will be responsible for expense report and purchasing card audits globally ensuring that a consistent standard and process has been applied for all Rail Division locations across the globe. Additionally, the candidate will be responsible for internal controls testing for locations in North and South America that are not subject to the SOX Center of Excellence program.
Req ID
11482BR
Work Location Options
Albertville, AL , Chicago, IL (La Grange) or Muncie, IN
City
Albertville
State:
Alabama
Company Description
Progress Rail stands at the intersection of legacy and innovation—driving the future of rail with a pioneering spirit. Since its founding in 1983, the company has grown to become one of the world’s largest and most trusted providers of railroad products, services, and technologies. Today, Progress Rail delivers a comprehensive portfolio of cost-effective solutions to railway customers around the globe. From the rails themselves to the EMD® locomotives that ride them, the company’s products are in operation across more than 100 countries—powering progress and connecting communities. In 2006, Progress Rail joined Caterpillar Inc., further strengthening its ability to lead the rail industry with cutting-edge technology, unmatched expertise, and a commitment to excellence. At Progress Rail, the team is not just building the future of rail—they are making history every day.
Key Job Elements
Compensation and benefits offered may vary depending on multiple individualized factors, job level, market location, job-related knowledge, skills, individual performance, and experience. Please note that salary is only one component of total compensation at Progress Rail.**
Compliance/Legal
PRS Facility Location
Albertville, AL (PRSC Corp HQ) - 001
Assist in ensuring a robust financial and operational control environment for Rail Division. Conducts general internal audits to test and validate that business processes and procedures adhere to Rail Division policies.
The candidate will be responsible for expense report and purchasing card audits globally ensuring that a consistent standard and process has been applied for all Rail Division locations across the globe. Additionally, the candidate will be responsible for internal controls testing for locations in North and South America that are not subject to the SOX Center of Excellence program.
Req ID
11482BR
Work Location Options
Albertville, AL , Chicago, IL (La Grange) or Muncie, IN
City
Albertville
State:
Alabama
Company Description
Progress Rail stands at the intersection of legacy and innovation—driving the future of rail with a pioneering spirit. Since its founding in 1983, the company has grown to become one of the world’s largest and most trusted providers of railroad products, services, and technologies. Today, Progress Rail delivers a comprehensive portfolio of cost-effective solutions to railway customers around the globe. From the rails themselves to the EMD® locomotives that ride them, the company’s products are in operation across more than 100 countries—powering progress and connecting communities. In 2006, Progress Rail joined Caterpillar Inc., further strengthening its ability to lead the rail industry with cutting-edge technology, unmatched expertise, and a commitment to excellence. At Progress Rail, the team is not just building the future of rail—they are making history every day.
Key Job Elements
- Perform expense report reviews to ensure compliance with organization policies and procedures;
- Identify areas for control standardization and consolidation and work with peers to execute on same;
- Identify and clearly define management testing issues and root causes; recommend improvements to internal controls and business processes;
- Assist business in enhancing controls and remediating identified control gaps; performs testing to ensure that control gaps have been properly remediated;
- Track, monitor, and report metrics related to the required compliance processes;
- Manage and maintain relationships across the business and communicate policy requirements across divisions and at all levels;
- Perform training, testing, monitoring, reporting and analytics for internal controls testing for locations in North and South America that are not subject to the SOX Center of Excellence;
- Lead/participate in projects supporting organizational initiatives, operational efficiency, remediation planning, risk mitigation, etc.;
- Manage control retention requirements and organizing completed testing;
- Assist with Required Learning responsibilities and reporting, as needed;
- Perform other duties assigned by Compliance Manager including various administrative functions.
- Bachelor’s degree in Accounting, Finance or Business Administration.
- 1-4 years of experience and a bachelor’s degree in Accounting, Finance or Business Administration;
- Highly proficient in Microsoft Office software (Excel, Word, Power Point, PowerBI);
- Knowledge of SAP, LN, or other major ERP system a plus;
- Must demonstrate diligence, thoroughness, and attention to detail;
- Strong interpersonal and communication skills, including the ability to interact effectively with all levels of the organization;
- Highly organized with a sense of urgency and follow-through;
- Ability to multi-task, work independently, and work effectively in varying environments.
- Strength – Must be able to lift to 35 lbs;
- Motion – The position spends most of the time in an office setting. The position will require occasional walking, standing, stooping, and bending;
- Vision/Hearing Requirements – Prolonged periods sitting at a desk and working on a computer and must be able to communicate effectively with internal and external customers;
- Work Environment – Work in temperature-controlled environment;
- Emotional Demands – Required to liaise with multiple levels within the organization, including senior leaders and managers. Individual must be well-spoken, able to manage multiple priorities and individual requests daily;
- Safety – This is not a safety sensitive position. It is primarily an office position requiring awareness of the safety requirement in an office environment within the facility; must be capable of following all safety protocols.
Compensation and benefits offered may vary depending on multiple individualized factors, job level, market location, job-related knowledge, skills, individual performance, and experience. Please note that salary is only one component of total compensation at Progress Rail.**
- Competitive Salary
- 401(k) plan with up to 6% company match (no waiting period with immediate vesting)
- Medical/Dental/Vision/Life/Disability Insurance
- Supplemental Accident, Critical Care, and Hospital Insurance available along with an HDHP and HSA with seed money
- Flexible Spending Accounts
- Paid Vacation
- Paid Holidays
- Paid Time-Off (PTO)
- Employee Assistance Plan
- Education Assistance Program
- Employee Recognition Programs
- Site specific Production and Incentive Plans
- Site specific Step and Skill Level Wage Adjustment Plans
- Site Specific Relocation and Sign-on Bonus Programs
- Benefits eligibility varies by job position, full-time/part-time and regular/temporary status. The provisions of the plan documents control such benefits.
- Subject to position, eligibility, and plan guidelines. EEO Progress Rail is an Equal Opportunity Employer, including Veterans and Individuals with Disabilities.
Compliance/Legal
PRS Facility Location
Albertville, AL (PRSC Corp HQ) - 001