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Position Description
POSITION TITLE: Internal Auditor II
DEPARTMENT: Finance and Accounting
REPORTS TO: Senior Manager, Internal Auditor
DATE CREATED: July 2024
Position Summary
The Internal Auditor II is responsible for performing internal audits, as part of the total internal audit plan. This responsibility includes performing risk assessments, developing audit scopes, performing internal audit procedures, and preparing internal audit reports reflecting the results of the work performed. Work performed will include coverage of various corporate and divisional business units and will focus on financial and operational processes. Additionally, the Internal Auditor II performs follow-up on the status of outstanding internal audit issues. The Internal Auditor II will also assist internal audit management with periodic reporting to the Audit Committee, development of the annual internal audit plan, and championing internal control and corporate governance concepts throughout the organization. The Internal Auditor II may review the work performed by other internal audit personnel.
Essential Duties And Responsibilities
Major responsibilities of the position are listed below. To perform the job successfully, the individual must be able to execute each essential duty satisfactorily.
• Examine and evaluate the adequacy and effectiveness of internal controls, both financial and operational.
• Execute projects assigned on the annual internal audit plan approved by the Audit Committee.
• Test internal controls over financial reporting (ICFR) reviews in direct support of the company’s ongoing global compliance with the provisions of the Sarbanes-Oxley Act (SOX).
• Document testing workpapers in accordance with the department’s workpaper standards.
• Identify observations, findings and control deficiencies and develop remediation plans.
• Coordinate the annual year-end controls audit with management and the external auditor.
• Provide appropriate direction to other internal audit team members.
• Exhibit the leadership skills needed to sell ideas and obtain management buy-in for recommendations.
• Be accountable for quality of audit deliverables.
• Participate in special projects, including acquisition due diligence, fraud investigations and other special assignments as requested by the Director, Internal Audit or Audit Committee Chairman.
• Other job duties as assigned.
Education And Experience
• A Bachelor’s degree in Accounting, Finance, Economics or related Business Degree required.
• 2-4 years audit experience required.
• Strong verbal and written communication skills to effectively present to peers and management.
• Proficient in using computer software (e.g. Microsoft Office Suite).
• Intermediate knowledge of financial processes and related controls .
• Intermediate knowledge of internal auditing standards, PCAOB requirements and COSO/COBIT framework.
• Intermediate knowledge of audit principles, SEC rules and regulations and US GAAP.
• Highly adaptable and able to work independently or as part of a team, with limited required direction and guidance.
• Experience performing multiple projects and working with varying team members.
COMPETENCIES
To perform the job successfully, an individual must be able to execute each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and ability required.
KNOWLEDGE
• Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
• English Language — Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Skills
• Active Listening — Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Speaking — Talking to others to convey information effectively.
• Writing — Communicating effectively in writing as appropriate for the needs of the audience.
• Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Reading Comprehension — Understanding written sentences and paragraphs in work related documents.
Abilities
• Deductive Reasoning — The ability to apply general rules to specific problems to produce answers that make sense.
• Problem Sensitivity — The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem
• Oral Expression — The ability to communicate information and ideas in speaking so others will understand.
• Written Expression — The ability to communicate information and ideas in writing so others will understand.
• Number Facility — The ability to add, subtract, multiply, or divide quickly and correctly.
PHYSICAL DEMAND AND WORK EFFORT
• Hybrid work arrangement, partially in-office and partially remote
• Keying, typing, sitting, standing, and walking.
• Constant mental and/or visual attention. The flow of work requires focused, detailed attention in an office environment.
• The job is typically performed under comfortable working conditions; any disagreeable elements are generally absent during normal performance of job.
• Compliance with company attendance standards.
• FLSA Status: Salaried, Exempt.
• Ability and willingness to travel domestically and internationally up to 25%.
