What are the responsibilities and job description for the Internal Audit Administrator position at W3Global?
Job Purpose
The Internal Audit Administrator position is responsible for overseeing the external audit process and conducting audits of operational processes to ensure compliance with company policies and procedures and federal and state laws/regulations. This position is also responsible for developing and implementing comprehensive audit plans and conducting thorough assessments to identify areas of potential risk and opportunities for improvement. Collaborating closely with executive management, this position will help develop strategies to address audit findings and strengthen internal controls, contributing to the overall success and compliance of the company.
Duties and Responsibilities
Manages The Annual Internal Audit Schedule, Serving As The Liaison Between The Companys 3rd Party Auditors And Its Employees. For Each Internal Audit, Managing The Process Includes But Is Not Limited To
Scheduling planning calls with auditors to review scope and schedule;
Receiving audit request lists, distributing to appropriate staff, ensuring all materials are gathered and presented orderly, and providing requests to auditors;
Coordinating entrance calls, fieldwork, exit calls and report issuance;
Reporting audit schedule status, audit reports and corrective actions to Management and Audit Committee; and,
Tracking and routinely reporting status of findings and recommendations.
Ensures that issues of internal control are considered during reviews and in the development of new policies, procedures, and processes
Develops, prepares, and reviews comprehensive workpapers for each area reviewed, including detailed process narratives and written reports
Identifies issues and deviations from standard procedures and applicable laws and regulations and prepares written reports, summarizing findings and recommendations to report to appropriate channels
Assists independent auditors and regulatory examiners in their respective examinations
Provides recommendations for policy, procedure, and practice improvement
Monitors the implementation of audit recommendations to ensure corrective action is effective and timely implemented
Thorough knowledge and understanding of industry best practices, auditing standards, and relevant regulatory changes to enhance audit quality and effectiveness
Participate in continuing professional development to enhance internal audit processes
Exercises intellectual curiosity; prudent judgment; and sound knowledge of product, business, and technical expertise to effectively identify areas of risk, influence and challenge management to improve the control environment
Liaison between Board-level committees, executive management, departments, divisions, auditors, and other appropriate third parties by building strong working relationships to gain insight, provide support, and drive continuous improvement through effective auditing processes
Performs special projects and assignments as assigned
At least 3 years of bank audit or examiner experience preferred
Bachelor of Science degree in Accounting, Finance, Business Administration, or related field or equivalent experience preferred
Thorough knowledge and understanding of professional standards
Related certifications (CIA, CFE, CISA, CCBIA or similar) preferred or must obtain a certification between 12-24 months of employment
Understanding of auditing principles, internal controls, risk management, and federal/state laws and regulations
Ability to communicate effectively with management
Self-motivated, self-directed, and attentive to detail
Strong organizational, analytical, verbal, and written communication skills
Ability to manage multiple tasks within deadlines in a challenging environment.
Proficiency with Microsoft Office Suite with strong Excel skills and other system applications
Demonstrated ability to learn, apply and teach others technical and product-related information in a professional consultative manner
A high level of integrity, adaptability, and sense of urgency
Experience working closely with teams and processes across multiple business lines
Qualities
Integrity and Ethics: Demonstrates honesty and ethical behavior in all actions.
Diligence: Ensures accuracy and thoroughness of all tasks.
Inquisitiveness: Demonstrates curiosity and a desire to understand the details of processes and controls.
Flexibility: Adapts to changing priorities and work requirements.
Working Conditions
Office environment with flexibility to work remotely.
Regular travel within the brands to visit all assigned branches as well as periodic travel to other states for business meetings and events.
Offsite training or conferences may be necessary, with the possibility of overnight travel.
Physical requirements
While performing the duties of this job, the employee is regularly required to sit, use hands to handle or feel and talk or hear. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus.
Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
The Internal Audit Administrator position is responsible for overseeing the external audit process and conducting audits of operational processes to ensure compliance with company policies and procedures and federal and state laws/regulations. This position is also responsible for developing and implementing comprehensive audit plans and conducting thorough assessments to identify areas of potential risk and opportunities for improvement. Collaborating closely with executive management, this position will help develop strategies to address audit findings and strengthen internal controls, contributing to the overall success and compliance of the company.
Duties and Responsibilities
Manages The Annual Internal Audit Schedule, Serving As The Liaison Between The Companys 3rd Party Auditors And Its Employees. For Each Internal Audit, Managing The Process Includes But Is Not Limited To
Scheduling planning calls with auditors to review scope and schedule;
Receiving audit request lists, distributing to appropriate staff, ensuring all materials are gathered and presented orderly, and providing requests to auditors;
Coordinating entrance calls, fieldwork, exit calls and report issuance;
Reporting audit schedule status, audit reports and corrective actions to Management and Audit Committee; and,
Tracking and routinely reporting status of findings and recommendations.
Ensures that issues of internal control are considered during reviews and in the development of new policies, procedures, and processes
Develops, prepares, and reviews comprehensive workpapers for each area reviewed, including detailed process narratives and written reports
Identifies issues and deviations from standard procedures and applicable laws and regulations and prepares written reports, summarizing findings and recommendations to report to appropriate channels
Assists independent auditors and regulatory examiners in their respective examinations
Provides recommendations for policy, procedure, and practice improvement
Monitors the implementation of audit recommendations to ensure corrective action is effective and timely implemented
Thorough knowledge and understanding of industry best practices, auditing standards, and relevant regulatory changes to enhance audit quality and effectiveness
Participate in continuing professional development to enhance internal audit processes
Exercises intellectual curiosity; prudent judgment; and sound knowledge of product, business, and technical expertise to effectively identify areas of risk, influence and challenge management to improve the control environment
Liaison between Board-level committees, executive management, departments, divisions, auditors, and other appropriate third parties by building strong working relationships to gain insight, provide support, and drive continuous improvement through effective auditing processes
Performs special projects and assignments as assigned
At least 3 years of bank audit or examiner experience preferred
Bachelor of Science degree in Accounting, Finance, Business Administration, or related field or equivalent experience preferred
Thorough knowledge and understanding of professional standards
Related certifications (CIA, CFE, CISA, CCBIA or similar) preferred or must obtain a certification between 12-24 months of employment
Understanding of auditing principles, internal controls, risk management, and federal/state laws and regulations
Ability to communicate effectively with management
Self-motivated, self-directed, and attentive to detail
Strong organizational, analytical, verbal, and written communication skills
Ability to manage multiple tasks within deadlines in a challenging environment.
Proficiency with Microsoft Office Suite with strong Excel skills and other system applications
Demonstrated ability to learn, apply and teach others technical and product-related information in a professional consultative manner
A high level of integrity, adaptability, and sense of urgency
Experience working closely with teams and processes across multiple business lines
Qualities
Integrity and Ethics: Demonstrates honesty and ethical behavior in all actions.
Diligence: Ensures accuracy and thoroughness of all tasks.
Inquisitiveness: Demonstrates curiosity and a desire to understand the details of processes and controls.
Flexibility: Adapts to changing priorities and work requirements.
Working Conditions
Office environment with flexibility to work remotely.
Regular travel within the brands to visit all assigned branches as well as periodic travel to other states for business meetings and events.
Offsite training or conferences may be necessary, with the possibility of overnight travel.
Physical requirements
While performing the duties of this job, the employee is regularly required to sit, use hands to handle or feel and talk or hear. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus.
Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
