Internal Auditor

Summary of Work Activities and Responsibilities:

The Internal Auditor III is responsible for the timely planning and execution of risk-based audits and other projects to effectively and systematically evaluate and improve the effectiveness of the University’s risk management and internal control systems.

The position shall also evaluate whether financial risks are appropriately identified and managed; financial information and the means to report them are accurate, timely, and actionable; assets are acquired economically and adequately protected; internal controls are adequate and operating as intended; established processes and systems enable compliance and processes are in place to report and investigate fraud, theft and other infractions.

Main Duties and Responsibilities

I. Internal Audit

Plans the details of the audit particularly the requirements and testing procedures to obtain the information

Performs full audit cycle including risk management and control, operations effectiveness, compliance, and financial health

Coordinates with the auditee’s key personnel for the execution of the approved work plan and documents the audit process in conformity with professional audit standards

Evaluates the adequacy of process design and effectiveness of controls in meeting business, control, risk management, and compliance objectives, and provides evidential support for findings

Participates in closing meetings with the auditees at the end of fieldwork and provides clear explanations for identified issues

Prepares concise audit reports for review of the Director to effectively communicate findings and recommendations to management

Provides inputs in the development of the annual Audit Plan with inputs from key personnel such as the Unit/Department Heads and the Audit Committee

Performs consulting services for management through participation in special projects designed to introduce new and/or changes to processes, systems, and/or procedures

II. Office Support and Client Management

Assists the Director in the preparation of the annual budget and its day- to-day management

Coordinates the work of the third-party audit firm in developing audit questionnaires, liaising with University personnel, performing fieldwork, etc.

Develops and maintains effective working relationships with all levels of staff, senior management, and the members of the Audit Committee

III. Performs other work-related tasks as may be required by the immediate supervisor and authorized representative.

Knowledge, Skills, and Abilities:

Technical Acumen: Working knowledge of professional II A performance standards (i.e., planning, testing, sampling and documentation); In depth understanding of accounting principles and financial statements; Solid understanding of risk and control concepts and ability to apply them to evaluate the adequacy and effectiveness of business processes, systems, procedures and practices

Technological Savvy: Ability to utilize information technology and computer and internet systems to accomplish tasks; Well-developed skills in Word, Excel and flowcharting software; Basic knowledge of Information Systems

Communication Skills: Ability to communicate tactfully and sensitively with all types of personalities and predispositions, utilizing different media directed at different audiences/stakeholders

Problem Solving Skills: Identifying problems and reviewing related information to develop and evaluate options and implement solutions

Organization and Time Management Skills: Managing one’s own time and the time of others; Well-developed organizational skills with the ability to prioritize multiple assignments

Critical and Analytical Thinking: Ability to connect patterns and see the implications of actions to other systems/processes, analyze large scale data (qualitative and quantitative), and come up with recommendations

Self-Improvement: Commitment to continuous self-development and expansion of knowledge

Integrity: Personal integrity with ethics and values aligned with that of the University; Ability to stand firm on difficult issues if required

Adaptability: Demonstrated job commitment and flexibility to meet changing expectations

Initiative: Ability to work independently with minimal supervision

Education and Experience Requirements:

Bachelor’s degree in Accountancy, or its equivalent

Holder of a recognized professional designation in Accounting, preferably

Certified Public Accountant (CPA) or Internal Auditor (CIA, CISA, etc.)

At least 3 years of work experience as an auditor in a reputable auditing firm