Date Posted:

　　2024-01-18

　　Country:

　　United States of America

　　Location:

　　OT999: 1CP - Farmington, CT One Carrier Place, Farmington, CT, 06032 USA

　　The Audit & Controls intern will be working with both Internal Audit and Controls teams on key projects during the summer months. This includes testing of company controls, performing test work on finance & operational audits, as well as assisting with risk assessment projects with the potential for ad hoc projects as needed. Both of the below departments report up to the VP, Internal Audit.

　　Internal Audit – This department owns ensuring the various Otis entities comply with a multitude of global and local policies including but not limited to: Finance & Operational (F&O), Digital Technologies (DT), Data Privacy, Ethics & Compliance etc. The department team is made up of the F&O group (1 team member) and the DT group (2 team members), along with a service partnership with E&Y globally.

　　Controls – This department provides prescriptive guidance to the organization around Sarbanes Oxley requirements, assists in testing controls, manages compliance tickets, as well as maintains ownership of the company wide control matrix among other responsibilities. The department team is made up of 2 team members, along with a partnership with our shared service team in India (OGSC).

　　On a typical day you will:

　　Company Level Controls Test work

　　Timeline: Early internship (weeks 1-6)

　　Deliverable: Documentation of testing of various Company Level Controls (CLC) within the ARMS Compliance tool

　　Responsibilities: Request support, test support received, and communicate with owners of various Company Level Controls to complete control test work

　　Audit Test work (F&O Audit)

　　Timeline: Mid/late internship (weeks 4-9)

　　Deliverable: Test sheets for various audit tests (varies based on audit/scope)

　　Responsibilities: Review & test support received for respective audit test. Document exceptions to test procedures, communicate any findings to internal audit manager to further determine potential impacts and next steps. Communicate with certain stakeholders on missing support or outstanding questions.

　　Business Control Process (BCP) definitions update

　　Timeline: Mid/late internship (weeks 6-end)

　　Deliverable: Updated BCP Definitions file

　　Responsibilities: Update the Business Control Process definitions file for any new or updated Otis specific definitions.

　　Ad hoc projects – timeline/deliverable/responsibilities flexible based on departmental needs

　　Example in 2023 included a risk assessment template update, which updated the 2024 risk assessment template for risk summary sheets, smarter use of formulas, and teams-channel functionality.

　　What You Will Need to be Successful :

　　Currently pursuing a bachelor's degree in finance or accounting

　　General communication

　　Direct manager – weekly 1:1s regardless of project scope to discuss any feedback/needs

　　Performance connections

　　Specific project communication

　　Daily/ad hoc discussions to ensure time to ask any questions with respective project owner

　　Project trackers via test sheets & ARMS control test submissions to demonstrate progress and open questions/issues

　　Local Benefits or Selling Statement

　　What they will learn:

　　How the Otis business broadly operates and the important role of controls & compliance around financial and operational processes.

　　How internal audits then specifically measure the performance & design of these control processes through risk-based approach and test work.

　　What company level controls entail, and how to test the operation of these

　　Computer based skills, communication skills, exposure to Otis management to build on business acumen.

　　How they will learn:

　　Broad training around the Otis business will come through virtually hosted trainings by the finance training committee and finance related calls, including earnings calls and finance department global finance updates.

　　Specific on the job training before each project to ensure the intern up for success and understands the objectives.

　　Checks in during and recaps after each project to reinforce lessons and key takeaways including how the project fits into Otis as a whole.

　　How will they apply things such as technical skills, business acumen, soft skills:

　　Technical skills: Each project will introduce and reinforce computer application skills for the intern, specifically with Microsoft excel, PowerPoint, and Teams.

　　Business acumen: The intern will continue to build on their business acumen throughout the internship. This will start with initial learning of the Otis business early in the internship, will be reinforced with trainings, and be directly applicable to understanding and performing the projects listed above.

　　Soft Skills: Most of the projects will require collaboration and effective communication with colleagues, as well as critical thinking and problem-solving skills when encountering any issues with what they are working on.

　　Apply today to join us and build what’s next!

　　If you live in a city, chances are we will give you a lift or play a role in keeping you moving every day.

　　Otis is the world’s leading elevator and escalator manufacturing, installation, and service company. We move 2 billion people every day and maintain approximately 2.2 million customer units worldwide, the industry's largest Service portfolio.

　　You may recognize our products in some of the world’s most famous landmarks including the Eiffel Tower, Empire State Building, Burj Khalifa and the Petronas Twin Towers! We are 69,000 people strong, including engineers, digital technology experts, sales, and functional specialists, as well as factory and field technicians, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. We are proud to be a diverse, global team with a proven legacy of innovation that continues to be the bedrock of a fast-moving, high-performance company.

　　When you join Otis, you become part of an innovative global industry leader with a resilient business model. You’ll belong to a diverse, trusted, and caring community where your contributions, and the skills and capabilities you’ll gain working alongside the best and brightest, keep us connected and on the cutting edge. 

　　We provide opportunities, training, and resources, that build leadership and capabilities in Sales, Field, Engineering and Major Projects and our Employee Scholar Program is a notable point of pride, through which Otis sponsors colleagues to pursue degrees or certification programs.

　　Today, our focus more than ever is on people. As a global, people-powered company, we put people – passengers, customers, and colleagues – at the center of everything we do. We are guided by our values that we call our Three Absolutes – prioritizing Safety, Ethics, Quality in all that we do. If you would like to learn more about environmental, social and governance (ESG) at Otis click here (https://www.otis.com/en/us/our-company/esg) .

　　Become a part of the Otis team and help us #Buildwhatsnext!

　　Otis is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class. To request an accommodation in completing an employment application due to a special need or a disability, please contact us at [email protected] .

　　Privacy Policy and Terms:

　　Click on this link (https://www.otis.com/corporate/privacy-policy/Job-Applicant/) to read the Policy and Terms

　　We go to great lengths to hire and develop the best people, and offer a supportive environment where employees are motivated and empowered to perform at their full potential. Today, we continue pushing the boundaries of what's possible to thrive in a taller, faster, smarter world.