Internal Auditor

Bank of Zumbrota; Arden Hills, Northern (MN, KY); Hybrid; USD 60,000 - 80,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

401k

Profit sharing

Ancillary benefits

Job summary

Frandsen Bank & Trust is seeking an Internal Auditor to conduct risk-based audits, plan engagements, and collaborate with management to strengthen controls. The role reports to the Internal Audit Manager and requires a foundational understanding of accounting, auditing, and internal controls.

Normal duties include testing, documentation, and communicating findings with stakeholders. A bachelor’s in accounting or related field is preferred, with strong analytical and communication skills

Qualifications

• Bachelor’s degree in accounting or related field required or preferred.
• Strong analytical thinking and attention to detail.
• Clear written and verbal communication skills; able to collaborate with teams.

Responsibilities

• Execute internal audit engagements to assess risks and controls.
• Assist in planning audit procedures and performing testing per risk priorities.
• Analyze data and processes to identify control gaps.
• Document workpapers and summarize results for leadership review.
• Conduct audits with integrity and confidentiality; adhere to professional standards.
• Coordinate with management and stakeholders to address findings and remediation.

Skills

Analytical thinking

Written and verbal communication

Team collaboration

Time management

Organization

Attention to detail

Education

Bachelor’s degree in accounting or related field

Tools

Microsoft Office

Job description

Frandsen Bank & Trust is a growing, financially strong, family-owned community bank across nearly 40 communities in Minnesota, North Dakota, South Dakota, and Wisconsin. We provide full-service banking, treasury management, investment, and trust solutions. Since day one, our mission has centered on making decisions locally, empowering employees, and supporting our communities. This commitment to relationship-based service has earned us recognition as Best in Banks by our customers.

Why work here?

Leadership recognizes our people are the reason we succeed. That’s why developing and rewarding our employees is a longstanding part of our guiding principles, called the Frandsen Way. The impact is clear: Employees ranked Frandsen Bank & Trust a Top Workplace on the independent Star Tribune survey for nine consecutive years, and we currently hold the #2 spot in the large company category.

At Frandsen, you can expect stability and meaningful career opportunities across all our departments. Our collaborative culture means employees support one another and make it easy to get things done. Whether you’re experienced in banking or exploring a new career path, there’s a place for you. Join our team and build a career rooted in service, growth, and local impact.

Position Summary

The Internal Auditor will be responsible for conducting engagements designed to create, protect and sustain value by providing the organization with independent, risk-based and objective assurance, advice, insight and foresight. The Internal Auditor will complete all audits as assigned that contribute to the execution of the overall internal audit program for Frandsen Bank & Trust (FBT) and Frandsen Financial Corporation (FFC). The Internal Auditor will effectively plan engagements utilizing risk-based assessments, apply the audit methodology and execute the audit work program, collaborate with management to identify recommendations and/or action plans that address the findings, and communicate with management and the employees responsible for the activity under review throughout the engagement and after it closes. The position reports directly to the Internal Audit Manager. The Internal Auditor is expected to conform with the IIA's Global Internal Audit Standards for managing and performing internal audit services by applying the principles and standards of Ethics and Professionalism including integrity, objectivity, competency, due professional care and confidentiality.

Essential duties and responsibilities include:

• Execute internal audit engagements to assess risks, evaluate controls, and support continuous improvement across the organization
• Assist in planning audit procedures and performing testing in alignment with risk priorities and regulatory expectations
• Analyze data and processes to identify control gaps and opportunities to strengthen efficiency and compliance
• Document audit workpapers and summarize results in clear, well-organized reports for leadership review
• Conduct audit work with integrity and objectivity, maintaining confidentiality and adhering to professional and ethical standards
• Partner with team members and business stakeholders to communicate findings and support remediation efforts
• Perform follow-up testing to validate that agreed-upon corrective actions have been implemented

Requirements:

• Bachelor’s degree in accounting or a related field preferred; relevant professional certifications (e.g., CIA, CPA, CISA) are a plus but not required
• Strong analytical thinking and attention to detail
• 1 to 3 years of experience in banking, public accounting, auditing, or regulatory agency
• Clear written and verbal communication skills
• Ability to collaborate effectively within a team and build relationships
• Strong organizational and time management skills, with the ability to prioritize and meet deadlines
• Foundational understanding of accounting, auditing, or internal controls
• Proficiency in Microsoft Office (Excel, Word, Outlook)
• Experience analyzing data to identify risks, trends, or control gaps
• Familiarity with banking, financial services, or regulatory environments
• Exposure to audit processes, testing, or risk assessment concepts
• Knowledge of auditing standards, regulations, or compliance frameworks

Pay Range

$60,000 - $80,000

Position Type

Full-time

We offer a competitive benefits package including health insurance, dental insurance, vision insurance, 401k, profit sharing, and ancillary benefits.

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Applicants with disabilities may contact the company coordinators via telephone, fax, e-mail, and other means to request and arrange for accommodations. If you need assistance to accommodate a disability, you may request an accommodation at any time. Please contact the following: Frandsen Financial Corporation, Frandsen Bank & Trust, Frandsen Investment Services and Frandsen Wealth Management - Shannon Robideau [e-mail]

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