Internal Controls & Compliance Analyst

At Hyosung HICO we're transforming the future of energy from our state-of-the-art manufacturing facility in Memphis, TN. By investing in cutting-edge technology and empowering our diverse and talented team, we ensure that every transformer we produce meets the highest standards of quality and performance. Hyosung HICO is seeking to fill an Internal Controls & Compliance Analyst . The ideal candidate will be responsible for the design, implementation, and ongoing evaluation of internal controls over financial reporting (ICFR) in accordance with corporate policies and regulatory requirements. This role ensures the effectiveness of control activities through risk assessment, control validation, and independent testing to support the integrity and reliability of financial statements.

OUR BENEFITS

• BEST

BENEFITS IN THE INDUSTRY!

Free Medical Insurance Option

• A company paid 100% medical insurance option for you and your family, effective on the first day of the month after hire date Free Life Insurance
• Employer paid basic life insurance
• 1X Annual salary plus an additional $20,000 coverage: Optional buy for dependent coverage Paid Vacation, Sick Leave, and 12 paid holidays per year Bonuses
• Monthly Attendance (production and some other hourly roles), Annual, and Quarterly bonus eligibility (Bonuses are not guaranteed and are based on several factors such as company and individual performance)

THE ESSENTIAL FUNCTIONS OF THE POSITION INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING

Design, document, and maintain internal controls over financial reporting (ICFR) in alignment with corporate policies, procedures, and applicable regulatory frameworks. Perform risk assessments over key financial reporting processes to identify significant accounts, key controls, and potential control gaps. Evaluate the design and operating effectiveness of key controls through structured testing procedures, including walkthroughs, sampling, and re-performance. Execute control testing and document results in accordance with audit standards, including clear identification of control deficiencies, root cause analysis, and risk impact assessment. Develop and maintain control documentation, including process narratives, flowcharts, and risk and control matrices (RCMs), ensuring completeness and accuracy. Monitor and track remediation of control deficiencies, including validation of corrective actions and follow-up testing. Coordinate and support internal and external audit activities, including preparation of audit schedules, supporting documentation, and timely response to audit inquiries. Ensure compliance with corporate accounting policies and procedures across financial processes, including AP, AR, GL, cost accounting, and financial close. Collaborate with process owners and cross-functional teams to strengthen control design and improve process efficiency while maintaining compliance. Identify opportunities to enhance internal control effectiveness and operational efficiency through continuous improvement initiatives. Develop reports and analysis related to control performance, audit findings, and compliance status for management review Perform ad hoc projects related to internal control, audit readiness, and compliance initiatives. Support and make recommendations to improve Company policies and procedures. Further the goals and positive, professional image of the Accounting Department by conducting business with auditors, management, and other departments in a timely and cooperative manner. Know Hyosung HICO's Quality, Safety and Environmental Policies and understand their impact on work.

THE DESCRIPTION ABOVE REPRESENTS THE MOST SIGNIFICANT ESSENTIAL DUTIES OF THE JOB BUT DOES NOT EXCLUDE OTHER OCCASIONAL WORK ASSIGNMENTS NOT MENTIONED. THE NON-ESSENTIAL FUNCTIONS OF THE POSITION INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING

Perform other duties as assigned.

EDUCATION/SPECIAL SKILLS/EXPERIENCE/TRAINING

Bachelor's degree in Accounting, Finance, or a related field is required. Master's degree or professional accounting certification is a plus. Solid understanding of US GAAP and IFRS, with minimum of 3 years of experience in internal audit, internal controls, financial reporting, or public accounting environment. Strong knowledge of internal control frameworks and

ICFR/SOX

requirements, including control design, documentation, and testing methodologies (e.g., walkthroughs, sampling, re-performance). Strong analytical and problem-solving skills with the ability to identify control deficiencies, assess risk impact, and support process improvements; advanced Excel skills required, ERP systems (SAP preferred).

PHYSICAL/MENTAL CHARACTERISTICS OF THE POSITION AND ENVIRONMENTAL FACTORS OF THE WORKPLACE

Ability to work under pressure and in a fast-paced environment. Ability to meet required deadlines. Ability to build trustworthy and cooperative relationships with co-workers, management, internal and external customers and cross-functional teams Ability to bend, stoop, climb stairs, and perform any physical requirements related to the role Hyosung HICO, Ltd., is an Equal Employment Opportunity (EEO) Employer. It has been and will continue to be a fundamental policy of Hyosung HICO, Ltd., not to discriminate on the basis of race, color, creed, religion, gender, gender identity, pregnancy, marital status, partnership status, domestic violence victim status, sexual orientation, age, national origin, alienage or citizenship status, veteran or military status, disability, medical condition, genetic information, caregiver status, unemployment status or any other characteristic prohibited by federal, state and/or local laws.