What are the responsibilities and job description for the Director Internal Audit position at Hecla Mining?
Position Title : Director - Internal Audit
Location : Coeur d'Alene, ID
Reports To : Board of Directors, Audit Committee
Position Summary : The Director - Internal Audit, reporting functionally to the Audit Committee Chair and administratively to the Chief Financial Officer, is responsible for leading the internal audit function within the organization, ensuring comprehensive risk management, compliance and internal controls assessments. This role will develop and implement the internal audit function at the Company. Focus will initially be on compliance activities, such as Sarbanes Oxley (SOX) required Internal Controls over Financial Reporting (ICFR) and compliance of financial reporting. As the function matures, focus will shift to include operational and strategic audits. This role involves independently reviewing the organization's financial records, internal controls, and operational processes to assess compliance with laws, regulations, and company policies, identifying potential risks, and recommending improvements to mitigate those risks, including investigations and providing objective advice to management for continuous process improvement; they will prepare detailed audit reports documenting their findings and recommendations, including presenting these findings to the Audit Committee or Board of Directors. The Director - Internal Audit will leverage both external and internal resourcing in completing these objectives.
Essential Functions and Responsibilities of the Position
- Leadership and Strategic Development :
Lead and manage the internal audit department, including overseeing the execution of internal audits, Internal Audit resource allocation and Internal Audit strategic planning.
The company is currently in the analysis and design phase of an ERP implementation. This position will help assure the project adequately manages risk, designs SOX financial controls correctly, and plans and executes the test phase to assure the company's financial reporting accuracy and timeliness is not negatively impacted after implementation.
Lead the identification and evaluation of potential risks across the organization, including financial, operational, compliance, and reputational risks.
Document and perform management's testing of internal controls under Sarbanes Oxley. Perform this work in conjunction with the external auditors in a fashion which coordinates with the external auditor to minimize disruption to operational staff and allows as much reliance on management's testing by the external auditor as possible.
Develop audit plans, perform audit procedures, gather evidence, and analyze data to assess compliance with established policies and procedures and identify potential areas for improvement.
Identify, engage and manage third-party service providers (e.g. audit firms, specialized consultants) when internal audit resources are insufficient or when specialized expertise is required.
Prepare comprehensive audit reports detailing findings, recommendations for improvement, and management action plans and report the results to senior management and the Audit Committee.
Monitor the implementation of corrective actions taken by management to address identified audit issues.
Ensure adherence to professional standards, internal policies and internal audit methodologies, maintaining the quality of the audit function.
Perform special investigations, studies and evaluations as requested by management and / or the Audit Committee and report findings to management and / or the Audit Committee.
Skills and Abilities :
Qualifications :
A minimum of 5 years public accounting experience required progressing to the level of manager working on SEC registered companies accounts, or
