Internal Auditor
- Employer
- Bethune-Cookman University
- Location
- Daytona Beach, Florida
- Salary
- Not Specified
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- Administrative Jobs
- Institutional & Business Affairs, Other Institutional & Business Affairs Jobs
- Jobs Outside Higher Education
- Businesses & Consultants
- Employment Type
- Full Time
- Institution Type
- Four-Year Institution
Reporting to the Board of Trustees, the Internal Auditor will perform an objective evaluation of the university’s financial activities in support of increased efficiency and productivity, decreased waste, financial savings and legal compliance; will serve in an advisory capacity to ensure the university is using generally accepted accounting procedures (GAAP) to create, manage, and improve financial information through the review of financial statements, auditing ledgers and balance sheets with respect to legal and regulatory compliance, operational and performance security; will work closely with management and the owners of the business processes to refine controls and develop internal auditing procedures; and will be responsible for the timely execution of risk-based internal audits in accordance with the annual audit plan, as well as assisting with other audit matters and projects.
The Internal Auditor will be mainly responsible for the following independent audits:
Education
Bachelor’s degree in Accounting or Finance (CPA or CFA certification)
Years of Experience Required
Two years of experience in higher education administrative responsibility and internal auditing experience
Operational Audits to assess the overall efficiency and reliability of the university's control mechanisms. An essential component of operational auditing is the objective review of the way the university allocates and uses resources efficiently, and will report these findings along with recommendations on how to reduce wasteful or inefficient resource allocation.
Compliance Audits to evaluate the university’s compliance with applicable laws, regulations, policies and procedures. Legal and policy requirements may be created by federal or state statute including internally created compliance requirements by the university's management or board of trustees.
IT Audits to evaluate information management systems and computer databases to ensure that confidential customer information and proprietary intellectual property is secure; ensure that only authorized users are able to gain access to privileged information and that the information itself is accurate.
Performance Audits to assess the achievement of the university’s financial goals set forth by the board of trustees, identify process shortfalls, and make suggestions for improvements to the Board of Trustees.
The Internal Auditor will perform other duties as assigned by the Board of Trustees.
Scope of Role and Responsibilities:
Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
Assess and determine internal audit scope and develop annual action plans
Obtain, analyze and evaluate accounting documentation, previous reports, data, flowcharts etc.
Prepare and present reports that reflect audit’s results and document process
Act as an objective source of independent advice to ensure validity, legality and goal achievement
Identify loopholes and recommend risk aversion measures and cost savings
Maintain open communication with management and audit committee
Document process and prepare audit findings memorandum
Conduct follow up audits to monitor management’s interventions
Engage in continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards
Example of Work Duties:
Test business operations and improve the design of existing financial controls
Maintain and cultivate a master inventory of our businesses policies, practices and processes
Enhance services by initiating improvements to the financial control and auditing process
Perform inquiries and testing as needed to identify and resolve vulnerabilities
Develop new audit programs to ensure adequate financial controls
Plan internal client meetings and oversee financial disclosures
Make recommendations to financial management about software, policies and audit triggers
Create and update internal audit plan
Conduct risk assessment of assigned department or functional area in established/required timeline
Establish risk-based audit programs
Determine scope of review in conjunction with the Audit Manager
Review the suitability of internal control design
Conduct audit testing of specified area and identify reportable issues and dimension of risk
Determine compliance with policies and procedures
Communicate comprehensive findings and complete report of audit area for the Board of Trustees
Knowledge, Skills and Abilities:
Proven working Internal Auditing experience (5+ years)
Strong organizational and project management skills
Advanced computer skills on MS Office, accounting software and databases
Ability to manipulate large amounts of data and to compile detailed reports
Knowledge of accounting best practices
Proven knowledge of auditing standards and procedures, laws, rules and regulations
Ability to learn industry standards
High attention to detail and excellent analytical skills
Excellent critical thinking and problem solving skills
Sound independent judgment
Ability to collaborate and collectively work with the university management team, the president and the Board of Trustees
Ability to adapt to change quickly and multi-task
Minimum Hiring Standards:
Preferred Hiring Standards:
Education
MBA or MSA and CPA or CFA certification
Years of Experience Required
Five years of experience in higher education administrative responsibility and internal auditing experience
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