Director of Internal Audit

Job Summary

The Internal Audit Director overseeing our outsourced internal audit function will be responsible for ensuring the company’s internal audits, risk management, and compliance activities are effectively executed. This role includes managing the relationship with the outsourced internal audit firm, overseeing audit processes, and ensuring the timely and accurate completion of audits. The Internal Audit Director ensures the company’s internal control framework and governance processes are maintained effectively, with a strong focus on risk mitigation, compliance, and operational improvement.

Responsibilities

Individual must be able to perform the essential duties with or without reasonable accommodation.

• Manage the relationship with the outsourced internal audit provider, ensuring clear communication and alignment with the company’s objectives and risk profile.
• Oversee the outsourced internal audit firm’s execution of the audit plan, ensuring audits are conducted in accordance with professional standards and company policies.
• Act as the primary point of contact for the external audit team and provide guidance and direction to ensure internal control audits are performed effectively.
• Collaborate with the outsourced internal audit provider to develop the annual audit plan that aligns with the company’s strategic objectives, key risks, SOX requirements and aligns with the external auditor requirements.
• Ensure audits are planned, scoped, and executed according to timelines.
• Coordinate with other departments to ensure resources and access are provided to the outsourced internal audit team.
• Review and approve audit reports generated by the outsourced internal audit team, ensuring they are clear, accurate and aligned with company objectives.
• Present audit results to senior management and Audit Committee, highlighting key findings, risk and recommendations for improvements.
• Monitor the performance of the outsourced internal audit function to ensure audits are being carried out effectively, and corrective actions are implemented in a timely manner.
• Ensure the outsourced internal audit function remains in compliance with SOX requirements and industry standards.
• Support the external auditors with information or findings related to the internal audit process, ensuring no duplication of efforts.

Required Experience

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Master’s degree in a related field is a plus.
• Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or other relevant certifications required.
• Additional certifications such as CISA (Certified Information Systems Auditor) are a plus.
• 10 years of experience in internal or external audit.
• Extensive experience with SOX compliance, SEC regulations and the auditing requirements of public companies.
• Experience managing or overseeing outsourced internal audit functions is a plus.

Skills & Abilities

• Strong understanding of internal audit standards, risk management frameworks, and best practices.
• Excellent communication and presentation skills, with the ability to interact with senior leadership, the Audit Committee, and external auditors.
• Strong project management skills.
• Analytical and strategic thinking, with the ability to identify risks and areas for improvement.

Working Conditions

For position-specific details regarding the physical and mental demands and working conditions, contact Human Resources. Reasonable accommodation may be made to enable individuals to perform essential functions.