Job Posting
The primary responsibility of this position is to conduct and coordinate comprehensive internal financial, information technology and compliance audits.
Education Requirements:
Requires a bachelor’s degree in a business related field such as accounting, finance, business administration, computer science or economics. A Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) designation is preferred.
Experience:
Requires two years of audit related experience; preferably in accounting, pension benefits, investments, and/or information technology.
Summary of Duties and Responsibilities:
This position plans and performs audits throughout the organization in areas such as accounting, pension benefits, investments, and information technology. This position is responsible for reporting the results of audits and alerting the Director of Internal Audit and Risk to any conditions which pose risks to the System. In addition, the incumbent will assist in presenting audit reports including any findings and/or observations to the Executive Director, Executive Management, and the Audit Committee of the Board of Trustees. The incumbent will provide assurance and consulting services to management and staff; maintaining ethical standards and effective working relationships with management and staff. The position is responsible for preparing work papers and audit reports including the documentation of findings and observations. Audit work is completed in conformance with the International Standards for the Professional Practice of Internal Auditing and the Code of Ethics promulgated by the Institute of Internal Auditors.
Knowledge/Skills/Abilities:
The incumbent must possess knowledge of State statutes and the Comptroller’s accounting and reporting requirements in order to verify the compliance of accounting records. The position must also possess excellent interpersonal, oral and written communications skills in order to report audit findings to the Director of Internal Audit and Risk, the Executive Director, Executive Management and the Audit Committee of the Board of Trustees.
Selection Criteria:
Analytical Skills
The ability to analyze information and review problems thoroughly; as well as, determine the nature and relationship of situations.
Communication Skills
The ability to speak effectively in public situations to small groups or one-on-one; and to compose memorandums, letters, reports and specified documents in a clear, concise and well-structured manner.
Computational Skills
The ability to select the appropriate calculation (or formula) to solve a specific problem; and, the ability to accurately derive an answer by using mathematical calculations.
Job Knowledge and Experience
Has completed specified amount of time previously performing essential duties of the job and/or has completed specified degrees, coursework, or training programs to perform the job. Possesses a body of information or level of understanding necessary to complete assigned responsibilities.
Judgment
The ability to make decisions in a logical and objective manner and to demonstrate common sense.
Organizational Skills
Organizes work tasks in an efficient manner; able to complete assignments on time by prioritizing tasks and monitoring their completion.
Planning
The ability to organize, form strategies, schedule, prioritize and/or effectively demonstrate the ability to forecast and evaluate trends.
Job Description
Purpose:
Under the supervision of the Director of Internal Audit and Risk, the Internal Auditor conducts and coordinates comprehensive internal financial, information technology and compliance audits.
Nature and Scope:
The Internal Auditor is responsible for conducting and coordinating comprehensive internal financial, information technology and compliance audits, which includes evaluation of internal controls. The position is responsible for reporting the results of audits and alerting the Director of Internal Audit and Risk to any conditions, which pose risks to the System. The position is responsible for preparing work papers and documenting findings.
This position plans and performs auditing duties in areas such as accounting, member services, investments and information technology. Work involves providing assurance and consulting services to management and staff; maintaining ethical standards and effective working relationships with management and staff. Reports resulting from audit work are distributed to the appropriate departments and presented to the Audit Committee of the Board of Trustees. Audit work is completed in conformance with the International Standards for the Professional Practice of Internal Auditing and the Code of Ethics promulgated by the Institute of Internal Auditors. The incumbent must possess excellent interpersonal, verbal and written communication skills in order to report audit findings to management and the Director of Internal Audit and Risk during and at the conclusion of audits. The incumbent must possess knowledge of State statutes and the Comptroller’s accounting and reporting requirements in order to verify the compliance of accounting records.
The greatest challenge of this position will be maintaining a comprehensive knowledge of all the agency’s procedures, systems and operations, in addition to maintaining knowledge of all rules and regulations affecting TRS, in order to conduct thorough audits and advise the Director of Internal Audit and Risk of weaknesses in the internal control structure.
Principal Accountabilities:
- Perform the planning activities for assigned audits which include defining the objectives and scope of the audit, documenting business processes and procedures, and developing the audit program.
- Perform the audit procedures for assigned audits in accordance with the International Standards for the Professional Practice of Internal Auditing and the Code of Ethics promulgated by the Institute of Internal Auditors. This includes collecting and analyzing data; testing compliance with internal and external rules, laws and regulations; evaluating the internal controls; identifying and developing potential issues and recommendations; and documenting the work performed in the audit work papers.
- Discuss potential findings and observations with the Director of Internal Audit and Risk and appropriate management. Compose audit reports including any potential findings and observations and review with the Director of Internal Audit and Risk.
- Assist in presenting audit reports including any findings and/or observations to the Executive Director, Executive Management, and the Audit Committee of the Board of Trustees.
- Participate in the follow-up of findings and observations for both internal and external audits.
- Assist in the development of the annual audit plan, including the annual risk assessment process.
- Recommend procedures to enhance the effectiveness of the internal audit program.
- Assist in proactively reviewing and analyzing business processes pertaining to risk and controls.
- Organize, direct and control the retention of historical audit records as needed, and ensure the integrity of safe storage of all audit documents for easy retrieval.
- Perform other audit related activities as required or assigned.