Job Description
Job DescriptionJob title: Internal AuditorDepartment: ExecutiveReports to: Executive Director/Deputy Executive DirectorFLSA: ExemptGrade: 12 Job Summary:The Internal Auditor is responsible for performing reviews and analysis of the MSBA’s process for internal controls, deliver efficiency, effectiveness, and ensure adequacy of controls. Conducts compliance, operational and performance reviews, investigations and audits; document and report findings to Senior Management, prepares recommendations and collaborates with department personnel on corrective action plans.Essential Functions and Responsibilities
- Plan and develop methodology for conducting performance, compliance and operational audits across all departments; identify areas to be examined and determine the extent of an examination including establishing completion schedules.
- Assess and evaluate the existing control environment and procedures and recommend any improvement in the effectiveness of the MSBA’s risk management, control and governance processes.
- Prepare reports and summarize audit results.
- Conduct audits on the compliance and effectiveness of the internal controls of various aspects of the MSBA's operations.
- Ensure the MSBA complies with internal policies as well as relevant statutes and regulations, state and, as applicable, federal laws, and regulations.
- Interview appropriate personnel; define requirements and obtain, verify and analyze available data; observe and evaluate functional operating procedures, confirm compliance, identify any weaknesses in internal controls and prepare written recommendations, including improvements for operational efficiency.
- Lead representative of the MSBA on matters concerning external audits to ensure all external audit requests are completed in a timely manner. Examples may include the financial statement audit, audits performed by the State Auditor of Massachusetts, or any other state or federal oversight authority.
- Conduct follow-up reviews on all audit findings and management letter comments to determine that new internal controls were implemented, or established controls were adequately changed.
- Maintain a complete repository of all MSBA policies; coordinate, monitor, enforce and record the timely updating of each.
- Coordinate the efforts of Senior Management to prioritize and complete the periodic review and update of existing policies and the creation and finalization of new policies.
- Evaluate existing policies and identify and recommend additional policies, if necessary, and facilitate the completion of such policies.
- Report monthly to the Executive Director and/or Deputy Executive Director on the completion of policy updates and additions, report any variances in compliance with the policies and recommend actions.
- Ensure a review of access for the MSBA’s systems and enterprise system with testing on a regular basis.
- Complete special audit projects as requested by MSBA's executive level management.
Other Essential Functions and Responsibilities:
- Participate as a voting member in relevant procurement panels.
- Identify professional development opportunities that would strengthen staff’s critical thinking capacity in relation to risk assessment and mitigation and provide periodic in-house training.
- Other projects or tasks as requested.
- Travel as required
Required Education, Experience, and Skills
- Bachelor’s degree in accounting, finance or related field.
- Certified Public Accountant (CPA), Certified Internal Auditor (CIA) or Certified Fraud Examiner (CFE) certification preferred.
- 5 to 7 years of previous experience in auditing, accounting or finance with a preference for candidates who have worked in internal audit roles.
- Ability to work hybrid work schedule - minimum of two (2) in-office days per week
- A comprehensive auditing skill set covering a broad range of financial areas.
- Experience with Massachusetts government entities, public construction, and procurement is preferred.
- Strong analytical skills, attention to detail, and proficiency in accounting software.
- Familiarity with COSO, complex organizational structures, and information technology.
- Ability to analyze complex processes, to determine the efficiency and effectiveness of related controls.
- Experience with Office 365, SharePoint, Microsoft Word, Excel, and PowerPoint.
- Knowledge of data analytic software.
- Able to develop and implement an independent, objective, and systematic approach to analyzing audit evidence and drawing conclusions.
This job description is intended to be general and will evolve over time. The description is subject to periodic updating. At management’s discretion, the employee may be assigned different or additional duties from time to time.