Director of Audit

Director, Internal Audit

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 safeguarded 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.

Minimum Requirements

• Minimum of 5 years of experience in accounting of which three (3) years is in internal or external auditing. Required

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

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