What are the responsibilities and job description for the Director, Internal Audit position at Meharry Medical College?

The Director for Internal Audit under the guidance of the Associate Vice President & Chief Audit Executive directs internal audit activities for the College. These activities include providing objective and professional evaluations of the College's operations and assisting management in accomplishing their assigned responsibilities by providing an independent appraisal of the College's activities, both financial and operative.

The Director will assist the Associate Vice President & Chief Audit Executive (AVP&CAE) by ensuring that the College complies with all applicable regulations and policies. They will assist the AVP & CAE in the annual completion of a risk-based audit plan by responsibly supervising all internal audit staff, inclusive of internal auditors, senior auditors, and audit assistants on the completion of internal audit projects outlined in the annual plan.

Daily Operations

Aid in the development and execution of a comprehensive risk-based audit plan, identifying key areas of risk across the College and prioritizing audit activities accordingly.
Assist in the recruiting, developing, and mentoring of a high-performing internal audit team, fostering a culture of continuous improvement and professional growth. Lead and manage the audit team in conducting financial, operational and compliance audits, utilizing established audit methodologies and best practices.
Facilitate with audit staff on conducting regular risk assessments to identify potential risks and opportunities for improvement on individual audits and projects.
Prepare detailed audit reports with clear findings, recommendations, and action plans, effectively communicating audit results to senior management and the audit committee.
Assess the effectiveness of internal controls and identify areas for improvement, ensuring compliance with relevant regulations and internal policies
Monitor compliance with applicable laws, regulations, and internal policies, addressing any identified non-compliance issues.
Build and maintain strong relationships with key stakeholders across the organization, including senior management, audit committee members, and external auditors.

Required Skills

Experience in internal auditing with knowledge of auditing principles, theory, and practice, including Standards for the Professional Practice of Internal Auditing, Generally Accepted Accounting Principles and Generally Accepted Auditing Standards.

ability to lead and manage diverse teams, fostering a collaborative and high performing work environment.

Strong understanding of risk assessment methodologies and the ability to identify and prioritize key organizational risk.

Excellent written and verbal communication skills to effectively present complex audit findings to senior management and the audit committee.

Strong analytical and critical thinking skills to identify root causes of issues and develop effective corrective actions.

Ability to maintain the highest level of confidentiality.

Good people skills to interact with diverse individuals at all organizational levels, both inside and outside of the College.

Required Education and Experience

Master's degree required in accounting or related field with an advance degree or certifications related to internal auditing, preferably CIA or CPA. Minimum of five years audit management experience required, a thorough understanding of business, accounting practices and auditing standards with experience in higher education preferred.

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Director, Internal Audit

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