Internal Auditor

Purpose of Position

In-charge auditor from simple to complex audit engagements. Develops audit programs, leads all aspects of audit engagements or works in coordination with other lead assigned auditors. Coordinates and assures superior completion of all phases of audit engagements. Primary focus will be operation and financial audits. Occasions will arise to carry out special, unscheduled assignments, such as fraud investigation support and departmental development assignments.

Responsibilities

Auditing--planning, researching, interviewing, conducting field work, and reporting:

Primary responsibility is completing assigned operational and financial audits pertaining to all aspects of USM activities. May apply to specialty or consulting engagements.

• Ascertains whether university organizational units are performing their planning, accounting, custodial, or control activities in a manner consistent with university objectives and high standards of administrative practice, as well as in compliance with management's instructions, applicable policy statements, and procedures.
• Determines the records or activities to be analyzed, the extent of tests to be applied, and the working papers to be prepared.
• Performs audits in accordance with approved audit programs in a manner consistent with IIA's International Standards for the Professional Practice of Internal Auditing.
• Recommends methods of obtaining, analyzing, and evaluating evidentiary data as the basis of an informed, objective opinion on the adequacy and effectiveness of the system of control and efficiency of the activities under review.
• Suggests methods of implementing new or revised procedures to produce required data, to provide effective internal control, and to improve audit trails.
• Audits new accounting/operating systems.
• Evaluates the ability of accounting and reporting systems to generate reliable and timely data.
• Analyzes cost accounting systems, specific cost representations, and functions they reflect to determine the basis for cost setting under various types of contracts.
• Examines earnings, operating costs, and reserves created for unpaid liabilities; and evaluate budgeting, accounting, procurement, contract records, controls, and procedures.
• Prepares working papers in good form to record and summarize data on the assigned audit.
• Discusses observed conditions with operating personnel to verify facts and obtain explanations for these conditions. Applies automated auditing techniques when reviewing data that is processed and maintained via computerized systems.
• Prepares reports in compliance with departmental standards.

Supervising--In-Charge Auditor:

At times, will function as lead auditor in charge of other auditors on certain engagements. Also, may lead in orienting new auditors into the Internal Audit Department.

Requirements

Minimum Qualifications             

Education: Bachelor's degree from an accredited four-year college or university. Candidate for a Certified Internal Auditor (CIA) or CPA certification.

Experience:  3 years of professional full-time audit experience, preferably with a large public accounting firm, or a government or educational audit organization.

Knowledge, Skills, and Abilities: Proficiency in technical writing. Proficient in selecting and administering appropriate accounting and auditing theories, principles, techniques, and practices. Capable of applying applicable precedents and understanding auditing trends, developments, procedures, and legislation controlling the activity or function audited. Ability to clearly, concisely, and effectively prepare and present both written and oral reports. Able to gain the cooperation of and cooperate with others and to visualize the effects of recommended changes. Must possess tact, persuasiveness, sound judgment, and integrity.

Preferred Qualifications

Education: CIA or CPA certification.

Experience: Professional experience with a large public accounting firm or a government or educational audit organization.

Benefits

• Paid Leave: 22 days of annual leave, 15 days of sick & safe leave, 15 holidays, 3 personal leave days, 12 weeks paid parental leave

• Health Benefits: Comprehensive medical, dental, and vision coverage with flexible spending accounts.
• Retirement Plans: Mandatory and supplemental options with major providers like Fidelity and TIAA.
• Life Insurance: Optional term life and AD&D benefits through MetLife.
• Tuition Benefits: Tuition remission for employees and their families.
• Training & Development: Free professional development conferences and unlimited LinkedIn Learning access.
• Credit Union Access: Membership eligibility for SECU, Maryland’s largest credit union.
• Employee Assistance Program (EAP): Free counseling, legal, financial, and work-life support services.

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