Internal Controls & Compliance Analyst

UMass Chan Medical School; Westborough (MA); On-site; USD 70,000 - 95,000; Full time

Job summary

University of Massachusetts Chan Medical School seeks an Internal Control Analyst to strengthen its internal control framework.| The role focuses on testing controls, enhancing compliance, and improving operational efficiency through automation, data analytics, and best-in-class practices.

The Analyst supports the Internal Control Manager in executing control testing, spot reviews, remediation tracking and reporting activities.

Qualifications

• Bachelor's degree or equivalent in Business Administration, Finance, or a related field.
• 1–3 years of Audit experience.
• Excellent analytical, problem-solving, and organizational skills.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• Experience with control testing, reconciliations, and data analysis.

Responsibilities

• Supports the Internal Control Manager in executing the department workplan.
• Perform internal control testing to assess effectiveness and recommend corrective actions where needed.
• Conduct routine and ad hoc spot reviews of selected transactions, reconciliations and control activities.
• Develop preventive, detective, and corrective control mechanisms across financial & operational processes.
• Conduct risk-based evaluations of internal controls over financial reporting, operations, and compliance to identify vulnerabilities and recommend improvements.
• Assist in the process reviews and re-engineering of workflows to improve efficiency and reduce control failures.
• Monitor KRIs to detect emerging control risks and ensure timely mitigation.
• Identify and automate manual processes to reduce inefficiencies and control lapses.
• Assist in developing and reviewing company policies and procedures to reflect evolving regulatory requirements and organizational needs.
• Assist in monitoring and review of remediation plans.
• Document exceptions, gather support, and prepare draft findings for review by the Internal Control Manager.
• Follow up with process owners on remediation status and assist in tracking open items to resolution.
• Support preparation of reports, dashboards and control metrics for management review.
• Escalate overdue or high-risk items to the Internal Control Manager.
• Assist in coordinating internal audits and external audit engagements.

Skills

Analytical skills

Problem-solving

Organizational skills

Communication skills

Education

Bachelor's degree in Business Administration, Finance, or related field

Job description

University of Massachusetts Chan Medical School seeks an Internal Control Analyst to strengthen its internal control framework.| The role focuses on testing controls, enhancing compliance, and improving operational efficiency through automation, data analytics, and best-in-class practices.

The Analyst supports the Internal Control Manager in executing control testing, spot reviews, remediation tracking and reporting activities.