Chief Internal Auditor
Reporting directly to the President and to the Audit Committee of the Board of Trustees, the Chief Internal Auditor will lead, manage and organize all aspects of the University’s internal audit function. Directs an internal audit team related to the financial, compliance, operational, and IT audit services for the University, inclusive of all operating units and has oversight and responsibility for audit projects outsourced to contracted firms. The Chief Internal Auditor reports regularly on the status of his/her findings to the President and to the Audit Committee. The Internal Audit department performs audits in accordance with the auditing standards of The Institute of Internal Auditors (IIA). The scope of the internal audit activity is intended to determine whether the organization's activities of risk management, control, and governance, as represented by management, are adequate and functioning as designed. The internal audit activity, with strict accountability for confidentiality and safeguarding records and information, is authorized full, free, and unrestricted access to any and all of Rowan University records, physical properties, and personnel pertinent to carrying out any engagement.
ESSENTIAL DUTIES AND RESPONSIBILITIESEnsures internal auditors (staff and contracted) make objective assessments of operations and offer recommendations for improving controls and processes. Reports on the systems of internal controls, risk management, governance, and compliance with regulations. Leads or assists in the investigation of significant suspected fraudulent activities and notifies the President, General Counsel, and the Audit Committee of the results. Conducts annual risk assessment for the University, and works with stakeholders to create an annual audit plan that addresses the most serious risks. Ensures that the objectives of the audit program are fulfilled to evaluate and improve the effectiveness of the University’s risk management and internal controls. Conducts follow-up inquiries/reviews to ensure satisfactory actions are taken by management to resolve significant audit findings. Periodically updates the President and the Audit Committee on the status of the Annual Audit Plan including any findings warranting their attention. Coordinates and monitors internal audit activities with contracted independent public accounting firms. Maintains and supervises a professional audit staff with sufficient knowledge, skills, experience, training and professional certifications who are independent in appearance as well as in fact. Assures that areas of priority as identified by the President and the Board of Trustees are addressed in a timely and professional manner. Monitors activities initiated to address such priorities and facilitates their progress.
Provides a higher level of value to executive management and to the Audit Committee as a trusted advisor utilizing personal expertise and the expertise of Internal Auditors, rather than being traditional “auditors.”
Patiently and tactfully involves responsible senior executives and management teams in the audit process to the point where their units own the risks, issues, and solutions and significant positive financial and operational progress is being made.Understands and adheres to Rowan's compliance standards as they appear in the Corporate Compliance Policy, Code of Conduct, and Conflict of Interest Policy. Keeps abreast of all pertinent federal, state and Rowan University regulations, laws and policies. QUALIFICATIONS, EDUCATION and/or EXPERIENCE To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Bachelor’s degree required, preferably in Accounting, Management or Finance; MBA is highly desired; and a CPA, CIA or other professional certification in public accounting, internal auditing or information systems auditing is required, including a strong knowledge of:
- Institute of Internal Auditors International Professional Practices Framework (IPPF)
- Governance, Risk Management and Control Structures (GRC)
- Generally Accepted Accounting Principles (US GAAP)
- Information Technology Structures, i.e. security controls, IT operations, etc.