Operations Auditor Loyola University New Orleans

Ajcunet; New Orleans (LA); On-site; USD 75,000 - 120,000; Full time

Job summary

Loyola University New Orleans is hiring for a strategic Internal Audit leader to assess the university’s activities, support ERM, and drive risk-based audits. You will design efficient controls, lead continuous auditing, and collaborate with IT on data analytics to monitor key risk indicators.

The role requires not-for-profit GAAP knowledge, professional certifications, and experience in higher education or not-for-profit audits.

Qualifications

• Minimum Bachelor’s degree in Accounting, Finance, or related field.
• Working knowledge of GAAP for not-for-profit entities (ASC 958).
• CIA, CPA, CFE or CISA certification preferred.

Responsibilities

• Prepare information for Audit Committee meetings quarterly.
• Conduct process/workflow reviews to identify bottlenecks and non-value-added steps.
• Benchmark operations against peers and industry practice.
• Facilitate process-mapping and continuous-improvement workshops.
• Develop and revise audit procedures addressing risks and compliance.
• Coordinate with external auditors and management responses.

Skills

Audit management

Data analytics

Not-for-Profit GAAP

Communication skills

Process improvement

Education

Bachelor's degree in Accounting/Finance/related field

CIA/CPA/CFE/CISA certification

Master's degree in Accounting/Business (desirable)

Tools

ACL/IDEA (data analytics)

Job description

Independently performs its evaluation of the University’s activities and evaluates risk; compliance with and adequacy of applicable policies and procedures; and compliance with applicable laws and regulations. Audit reports on its activities to Management and, the Audit Committee of the Board of Trustees. Operations Audit furnishes the President, the Audit Committee and the Board of Trustees with facts, analyses, recommendations and pertinent information about the activities reviewed. Internal Audit supports the University’s enterprise risk management (ERM) program consistent with guidance issued by the National Association of College and University Business Officers (NACUBO).
Examples of Duties
Prepare information for Audit Committee meetings quarterly.
Conduct process/workflow reviews (not just control testing) to identify redundant approvals, manual bottlenecks, and non-value-added steps across administrative functions (procurement, HR, financial aid, student accounts, etc.).
Benchmark departmental operations against peer institutions and industry practice to identify efficiency gaps.
Facilitate process-mapping or Lean/continuous-improvement workshops with process owners rather than simply issuing a report.
Recommend and help design internal control structures that are more efficient to operate, not just more restrictive (e.g., replacing manual reconciliations with system-based controls) Perform special audits/investigations as requested by the President and/or Audit Committee.
Assist and coordinate activities and audits with all external auditors and coordinate the University’s management response to all external audit findings.
Develop and/or revise audit procedures, ensuring the procedures address areas or risk, including compliance with University policies and procedures, laws, regulations, contracts, etc.
Develop and administer control self-assessment (CSA) tools so departments can evaluate their own processes routinely, reducing the volume of ad hoc reviews the controller has to run.
Serve as the primary liaison to external auditors, pre-testing high-risk areas and packaging documentation so external fieldwork (and controller involvement in it) is faster and narrower in scope
Maintain a centralized library of process documentation/SOPs so institutional knowledge doesn’t sit solely with the controller’s staff
Provide continuous auditing/monitoring (automated exception reports, dashboards) so issues surface between formal audit cycles instead of piling up for year-end.
Report issues identified as part of the audit procedures. Develop recommendations which identify and facilitate effective and efficient improvements in the University’s operations.
Identify opportunities for automation or system configuration changes that eliminate manual controls entirely (workflow tools, ERP configuration, RPA).
Partner with IT on data analytics builds that let both audit and management self-monitor key risk indicators.
Review the University’s compliance with Generally Accepted Accounting Principles (GAAP), including FASB ASC 958 (Not-for-Profit Entities) requirements for net asset classification, contribution and revenue recognition, and functional expense reporting, and coordinate with the Controller’s Office on annual financial statement audit readiness.
Monitor compliance with the U.S. Office of Management and Budget’s Uniform Guidance (2 CFR Part 200) governing Single Audits of federal financial assistance.
Provide project-management support for control remediation efforts, including timelines and resource needs.
Conduct post-implementation reviews to confirm a change actually achieved the intended efficiency or risk-reduction result
Oversee the University’s confidential reporting (whistleblower/ethics hotline) mechanism and investigate reported concerns in coordination with the Audit Committee, as appropriate.
Track and report quantifiable outcomes of process-improvement work (hours saved, error rates reduced, cycle-time improvements) to the Audit Committee — reframing the function’s success metric from “issues found” to “issues resolved and value added”
Position is the Ex-Officio chair of the Conflict of Interest Committee and coordinates all meetings, investigations and outcomes with appropriate departments.
Oversee compliance with Policies and Procedures in conjunction with the Division of Finance and handle policy exceptions directly with departments.
Other duties as assigned.
Typical Qualifications

Minimum Bachelor’s degree in Accounting, Finance, or a related field. Working knowledge of Generally Accepted Accounting Principles (GAAP), including FASB Accounting Standards Codification (ASC) 958 for not-for-profit and higher
Minimum five years of experience in auditing, public accounting, or internal audit management, preferably within a college, university, or other not-for-profit organization.
Ability to demonstrate skill and experience in preparing and presenting oral and written reports to management, including the Board of Trustees.
Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Fraud Examiner (CFE) or Certified Information Systems Auditor (CISA).

Additional Desirable Qualifications:Master’s degree in Accounting, Business Administration or related field.
College/University auditing experience.
Experience with data analytics or audit management software (e.g., ACL, IDEA, or similar tools) to support risk-based and continuous auditing.
Familiarity with the NACUBO enterprise risk management (ERM) framework and higher education risk assessment practices.
Knowledge of the U.S. Office of Management and Budget’s Uniform Guidance (2 CFR Part 200) and Single Audit requirements for federal financial assistance.

In accordance with the Campus Security Act as amended, Loyola University publishes annually and distributes to members of the academic community, and upon request to prospective (students/employees), anannual security report. That report includes current policies and procedures of the University Police Department for the reporting of campus crimes, notifying the campus community of occurrence of campus crimes, policies regarding access to campus buildings, the enforcement authority of the University Police Officers and their relationship to local police. University policies on the possession, use and sale of alcohol and illegal drugs are outlined. The Campus sexual Assault Program and policy is described. Campus crime statistics as defined under this law for the last three calendar years are included. A copy of this report may be secured from the (Office of Admissions), (Office of Human Resources), or from the University Police Department.

Loyola University New Orleans does not unlawfully discriminate on the basis of race, color, gender, sexual orientation, age, religion, disability, veteran’s status or national origin in its educational programs or activities, including employment and admissions. At the same time, Loyola cherishes its right to seek and retain personnel who will make a positive contribution to its religious character, goals, and mission in order to enhance the Jesuit, Catholic tradition.