Job Listing
Director, Internal Audit
Company:
Metropolitan Utilities District
Industry:
Finance
Job title:
Director, Internal Audit
Job level:
Senior
Job description:
Position Summary
Under the general direction of the Senior Vice President, Chief Financial Officer, the Director, Internal Audit is responsible for the development and administration of the District’s overall audit program. The purpose of the audit program is to assess, report on, and make recommendations for improving the District’s key operational and financial activities and internal controls. This position also functions as the District’s Conference Officer.
Essential Functions
•Develop and recommend an annual internal audit plan for approval of the SVP, CFO and Audit Committee. Use of a risk-based analysis approach to determine areas of focus. Ensure that higher risk areas are covered in the audit plan placing particular emphasis on the protection of District assets and adherence to financial policies. Review audit findings with the SVP, CFO for approval prior to issuing audit reports.
•Provide audit support to the external auditors in conjunction with the annual financial audit.
•Obtain the required number of training hours annually to stay current on the standards for the professional practice of internal auditing so the work performed for the external audit can be relied upon by the external auditing firm.
•Advise management when current practices are not consistent with company policies, or fail to provide necessary controls or factual records.
•Collect, analyze and document information to support audit results.
•Review operations to ascertain whether results are consistent with established strategies and goals and whether operations are being carried out as planned.
•Establish audit policies, programs and procedures which result in efficient, complete and factual reviews being completed in an appropriate amount of time with minimal disruption to operations.
•Furnish management with objective analysis, reporting of deficiencies, and making recommendations for improvements to operational and financial activities and internal controls.
•Review the reliability and integrity of financial and operating information and the means used to identify measure, classify and report such information.
•Review systems established to ensure compliance with policies, plans, procedures, laws and regulations which could have a significant impact on District operations.
•Ascertain that District assets are properly accounted for and are adequately safe guarded from loss.
• Review and validate cost of living adjustments to be granted to defined benefit pension
plan recipients.
• Review and validate retirement benefit calculations for accuracy.
• Follow up to ascertain that appropriate action is taken on reported audit findings or that
management has assumed the risk of not taking corrective action.
• Conduct special studies of specific operations requiring the development of data,
interpretation of intangible or unusual factors, summarization of findings and
presentation of recommendations and suggestions.
• Conform to the standards for the Professional Practice of Internal Auditing and IIA
Statements on Internal Auditing Standards.
• Fulfill responsibilities common to all Supervisory, Professional and Administrative
positions as stated.
Required for All Jobs
• Perform a variety of other duties as assigned.
• Understand and comply with all District policies and procedures.
Minimum Requirements
• Minimum of 5 years of experience in accounting of which three (3) years is in internal or
external auditing. Required
Knowledge, Skills, and Abilities
• Proven technical accounting experience; Working knowledge of FASB and GASB
accounting standards.
• Knowledge of theory, principle and practice of auditing, including methods and
procedures used to examine, verify and analyze operational records, statements and
reports.
• Excellent analytical skills, including ability to research issues to resolution.
• Experience in analyzing and establishing financial controls.
• Ability to prepare clear, concise, and professional audit reports.
• Excellent interpersonal skills to work with individuals from various levels within the
District as well as external customers, auditors and others in a professional manner,
regardless of provocation.
• Proficiency in computer software such as Microsoft Word, Excel, PowerPoint, and
knowledge of enterprise software.
• Experience with SAP is preferred.
• Ability to learn new or upgraded computer software as required.
• Knowledge of defined benefit pension plans is preferred.
Education
• Bachelor’s Degree in accounting. Required
Licenses and Certifications
• Certified Public Accountant (CPA) Upon Hire Preferred or
• Certified Management Accountant (CMA) Upon Hire Preferred or
• Certified Internal Auditor (CIA) Upon Hire Preferred
Physical Demands
• Stationary Position – Frequently
• Move/Traverse – Occasionally
• Stationary Position/Seated – Frequently
• Transport/Lifting – Rarely
• Transport/Carrying – Rarely
• Exerting Force/Pushing – Rarely
• Exerting Force/Pulling – Rarely
• Ascend/Descend – Rarely
• Balancing – Rarely
• Position Self/Stooping – Rarely
• Position Self/Kneeling – Rarely
• Position Self/Crouching – Rarely
• Position Self/Crawling – Rarely
• Reaching – Rarely
• Handling – Rarely
• Grasping – Rarely
• Feeling – Rarely
• Communicate/Talking – Constantly
• Communicate/Hearing – Constantly
• Repetitive Motions – Occasionally
• Coordination – Occasionally
Physical and Environmental Requirements
• Office: Work is primarily performed in an office setting amid normal conditions of dust,
odors, fumes, office lighting and noise.
Hybrid Flexible Work Arrangement
Job may be eligible for a hybrid in-office and work from home flexible work
arrangement.
*Please ensure the application is filled out thoroughly to be considered for this position
An Equal Opportunity Employer “Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation”
Positions available:
1
Posted on:
February 29, 2024