Manages risk-based operational, financial, and compliance internal audits necessary to promote the reliability and integrity of financial and operational information; to evaluate compliance with internal policies and procedures, laws and regulations; and to analyze the system of internal controls. Provides daily supervision and is responsible for training senior and staff auditors on their day to day responsibilities, reviews detailed audit work, and reports to the Director on their performance. In addition, performs and reviews audit work related to the annual external financial statements audit, employee benefit plan audits, and special investigations.
II. Essential Job Functions | Accountabilities, Actions and Expected Measurable Results
Manages audits of financial, administrative, and operational systems throughout the Company within established budgets, target dates, and quality standards. Utilizes experience and knowledge to maximize audit effectiveness and efficiencies and prioritizes workload to meet goals of the Audit department. Continuously assesses potential risks to the financial statements and internal control environment within each audit engagement and makes recommendations for adjustments to existing audit procedures as considered necessary.
Performs detailed reviews of audit workpapers prepared by senior and staff auditors and reports to the director on performance of work completed by senior and staff.
Manages a staff of two or more employees, sets their goals, provides direction and guidance, and appraises performance – informally and formally, trains new senior and staff auditors on testing approaches and Company systems and guidelines. Continuously instructs and guides current senior and staff on financial statement and internal control audits.
Reviews, analyzes, tests, and documents various systems, procedures, and internal controls; analyzes business processes and work flows. Prepares audit workpapers according to department and professional standards.
Works in partnership with public accountants to facilitate the completion of the annual financial statements and internal controls audits.
Prepares professional, clear, concise audit reports for management with appropriate and practical recommendations for improvements. Ensures all report findings are adequately supported by workpaper documentation and are reviewed with management.
Develops and maintains comprehensive audit procedures that are designed to achieve the audit objectives identified in the annual audit plan.
Maintains technical proficiency in all areas of auditing, accounting, and industry issues.
III. Minimum Qualifications and Job Requirements | All must be met to be considered.
College degree with major in Accounting or major in Business Administration with emphasis on Accounting. Certification as a Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) required.
Minimum of five years of public accounting and/or internal auditing experience with emphasis on financial audits and internal controls testing.