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Principal Auditor - China in Shanghai at The Timken Company

Date Posted: 2/22/2018

Job Snapshot

Job Description

Your Career Begins at Timken 
If you're ready for a challenging career that provides you with the ability to advance personally and professionally, look to Timken.  Our associates make the world more productive by improving the efficiency and reliability of the machinery that keeps industry in motion.

Purpose of Position

The mission of the Auditing Department is to provide independent, objective assurance and consulting services designed to add value and improve Timken Company operations. The Auditing department assists Timken accomplish objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. The Audit Principal will take a lead role in performing internal audits and Sarbanes-Oxley assessments; assisting the public accounting firm during year-end audit work; conducting special investigations and other projects deemed necessary to serve the businesses and the corporate center. Audit work will be performed in teams or individually at the auditor's home site and at the client's site. The Audit Principal will also assist Audit Management in the development of the annual audit schedule and the implementation of new audit procedures.

Essential Responsibilities

  1. Develop and execute audit plans for financial and/or operational audits for Timken Company operations worldwide.  This requires travel to some locations, which may exceed 40% and at times require extended periods of travel.
  2. Complete audits assigned per the annual audit schedule within +/- 10% of budgeted hours.
  3. Prepare audit reports that are well written, contain pertinent issues, meaningful recommendations and resolutions that reflect a balance between effective controls and efficient operations.
  4. Audit clients include managers at all levels of the organization, depending on the audit being performed.
  5. All reports are distributed to various members of senior management. Unsatisfactory reports are issued to and reviewed with the Audit Committee of the Board of Directors and the Management Committee.
  6. Determine the adequacy and effectiveness of the organizations system of internal control and the quality of performance to ensure compliance to policies, plans, procedures, laws and regulations which could have a major impact on operations and the company’s overall financial results.
  7. Evaluate the effectiveness of controls in new systems and other business procedures.
  8. Review exceptions in continuous transaction monitoring tools to help assure compliance with the Foreign Corrupt Practices Act.
  9. Remain current on new audit techniques and work with the Manager - Auditing and other staff members to implement if appropriate.
  10. Assess risk potential of differences in business practices that may exist in different parts of the world.
  11. Assist in the development of junior staff members, acting as a mentor and coach.

Technical/Functional Skills Required

  • Demonstrated ability to coordinate audits/projects.
  • Must be skilled in English communications both oral and written.
  • Ability to work with people and gain their cooperation as well as work independently.
  • Advanced PC skills.
  • Ability to arrive at logical and unbiased, fact-based conclusions and relevant recommendations.
  • SAP, Epicor and ACL experience is a plus.

Minimum Qualifications

  • Bachelor’s degree in Accounting/Finance with 7 years of accounting or auditing experience; or
  • Master’s degree in Accounting/Finance (or MBA) with 5 years of accounting or auditing experience.
  • CPA, CIA, CFE or CMA (or equivalent) certification.

All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.


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