Director of Internal Audit

West Virginia University; Morgantown (WV); On-site; USD 120,000 - 150,000; Full time

Job summary

West Virginia University Foundation seeks a senior internal audit leader to oversee the Foundation's internal audit program, test information across accounting, HR, IT and compliance, and ensure independence and objectivity. The role evaluates controls and coordinates with university personnel and external auditors.

The incumbent develops audit plans, directs staff, manages the budget, and maintains audit policies while supporting ERM initiatives and governance through the Audit Committee.

Qualifications

• Bachelor's degree in accounting or related field; professional certifications preferred.
• Five+ years in public accounting or internal auditing; supervisory experience.
• Experience with not-for-profit organizations preferred.
• Experience with large computerized accounting systems and controls.

Responsibilities

• Performs audits following the International Standards for the Professional Practice of Internal Auditing.
• Plans, implements, and evaluates short/long-range objectives of Internal Audit Office.
• Coordinates with external auditors and reports to the Audit Committee.
• Develops audit programs, evaluates internal controls, and tests system design and reporting.
• Advises on internal control and risk management and chairs or participates in ERM activities.

Skills

Accounting theory

Auditing standards

Fund accounting

Higher ed reporting

IS auditing

Management concepts

Communication

Report writing

Risk management

Budgeting

Education

Bachelor's degree in accounting or related field

CPA

CIA

CISA

Tools

Accounting software

ERP systems

Job description

Job SummaryReporting to the Chair of the Audit Committee of the Board of Directors with ongoing administrative support provided by the WVU Foundation President & CEO, oversees the Foundation’s internal audit program while maintaining independence and objectivity. Reviews and tests a broad range of information including accounting, financial, human resource, information technology, compliance and other operational and technical information. Evaluates and tests the overall design and effectiveness of business practices and entity level controls as well as internal controls over financial reporting.Duties and ResponsibilitiesCharacteristic Duties & Responsibilities – Essential Functions:Performs audit work in conformance to the \"International Standards for the Professional Practice of Internal Auditing\"Plans, implements, and evaluates short and long-range objectives of the Internal Audit OfficeEstablishes policies, directs technical and administrative functions for the Internal Audit OfficeFacilitates the enterprise risk management (ERM) program and considers the results of the assessment and program in establishing the annual internal audit planPrepares the annual audit plan and audit status reportsDetermines the priority of audits and investigations, performs and directs audit activities, reviews audit documentationDevelops audit programs and identifies audit procedures to be performedEvaluates systems of internal controls, adequacy of accounting records, and system designConsiders compliance with Foundation policies and procedures, state and federal laws and regulations and contractual requirements throughout the audit cycleCompletes post-field work activities related to each audit including verbal and written reports containing audit results, observations, recommendations, and management responses for management, the Audit Committee, and University personnel as appropriateMay Direct and supervise personnel to assist in accomplishing audit proceduresDevelops and controls the Internal Audit Office operating budgetDevelops and maintains the audit manual for the Internal Audit OfficeEstablishes and maintains a quality assurance and improvement program for the Internal Audit OfficeMonitors projects and committees reviewing proposed, revised, and/or new systemsServes as an advisor to other departments and committees when questions pertaining to internal control or procedural requirements ariseParticipates in and provides support to the Foundation’s external, independent auditors and shares internal audit reports including management responses with the independent auditors and coordinates work with themEstablishes and maintains effective working relationships with Foundation employees, appropriate University staff, and external contactsCoordinates administrative activities of the Audit CommitteeQualificationsExperience & Education Requirements:Bachelor's degree in accounting or related field; Certified Public Accountant or Certified Internal Auditor; five years or more experience in public accounting or internal auditing; two years or more supervisory experience; experience in working with large, computerized accounting systems and complex organizations. Experience within not-for-profit organizations preferred.Knowledge & Skill Requirements:Knowledge of accounting theory, auditing standards, procedures, and techniques required to perform auditsKnowledge of fund accounting and internal auditingKnowledge of higher education financial and reporting standardsKnowledge of auditing information systems and systems designsKnowledge of management conceptsKnowledge of the requirements for effective report writingAbility to effectively audit in a computer environmentAbility to develop and evaluate both short and long-range plansAbility to plan, organize coordinate, and manage others in a wide variety of activitiesAbility to comprehend and interpret policies, procedures, laws, regulations, and guidelinesAbility to consistently produce accurate work to evaluate the materiality and significance of deviations from established policies, procedures, and regulations, and to make recommendations for corrective actionAbility to communicate effectively in both oral and written formAbility to exercise good judgment in evaluating situations and making decisionsCertificates, Licenses and Registrations: Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA) or other relevant certifications preferred.Physical requirementsWhile performing the responsibilities of the job, the employee is required to talk and hear. The employee is often required to sit and use his/her hands and fingers, to handle or feel. The employee is required to stand, walk, reach with arms and hands, and possibly at times, climb or balance, stoop or kneel. Vision abilities required to perform this job include close vision. Reasonable accommodation may be made to enable qualified individuals with disabilities to perform these essential functions.Supervisory ResponsibilitiesMay direct the work of an Internal Audit intern.*Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time, with or without notice.