Director of Internal Audit
Vonore, TN

General Description of Position:

Under general supervision, the director of internal audit will be responsible for preparing and implementing a risk-based audit plan to assess, report on, and make suggestions for improving the company’s key operational and finance activities and internal controls. Additionally, the position is responsible for identifying and assisting in documenting existing internal finance and disclosure controls, implementing and documenting new internal controls, and establishing an internal monitoring function to audit the company’s compliance with such internal controls. The position will have a key role in assessing the company’s compliance with the requirements of the Sarbanes-Oxley Act of 2002. The position will be further called on to identify and implement finance department process improvements.

 

Job Responsibilities include, but not limited to:

  • Identify, understand, and document processes and procedures surrounding internal controls. Continually monitor and update the assessment of the control environment, keeping abreast of significant control issues, trends and developments.

  • Develop test plans and coordinate the performance of management testing of internal controls required by Sarbanes-Oxley.

  • Identify and assess the implementation of new controls as necessary.

  • Prepare and update a comprehensive risk-based audit plan for evaluating the effectiveness of controls in place to manage significant risk exposures, ensure the integrity and reliability of information and financial reporting, safeguard company assets, and comply with laws and regulations.

  • Lead internal audits and consulting engagements.

  • Facilitate the annual assessment process for both Enterprise Risk Management and Fraud Risk.

  • Identify and design anti-fraud criteria and controls.

  • Monitor and audit the company’s compliance with established internal controls.

  • Establish procedures and plan for conducting internal control audits.

  • Report findings to senior management and the company’s audit committee.

  • Prepare accurate audit reports for senior management and the audit committee.

  • Review management action plans and monitor implementation of recommendations proposed by Internal Audit, as well as the independent auditors, to ensure that root causes have been identified and issues are adequately addressed and mitigated.

  • Understand the requirements of the Sarbanes-Oxley Act of 2002 (and any related SEC pronouncements) and assist in maintaining processes and functions to help ensure compliance with such requirements.

  • Oversee the execution of other tasks or special projects when required by management, such as reviews of system implementations, due diligence reviews, fraud investigation, etc.

  • Coordinate activities with external auditors to support their audit and review procedures.

  • Partner with functional leadership and their staff in developing strong, professional and independent relationships to ensure a comprehensive understanding of the business to enable value added recommendations that improve efficiency and effectiveness.

  • Promote high levels of ethical awareness and conduct within the company and allocate resources towards conducting investigations of potential ethical concerns and/or conflicts of interest.

  • Participate in disclosure committee meetings.

  • Review finance department business processes and suggest ways to improve such processes.

  • When there is some type of internal control issue, be able assess the type of deficiency and document for the external auditors.

 

Experience and Qualifications:

The director of internal audit must be an outstanding leader of uncompromising integrity along with the necessary credibility, expertise and experience required to lead the organization forward in a successful manner. Specifically, he/she should meet the following specific criteria:

  • Bachelor's degree in Accounting required.

  • Certified public accountant (CPA) or Certified Information Systems Auditor (CISA) required.

  • A minimum of five years’ experience with a public accounting firm or five years of corporate industry internal audit experience with a heavy emphasis on financial and accounting applications and financial and operational controls.

  • Comprehensive knowledge of auditing practices, procedures and principles, sufficient to interpret and analyze complex concepts and apply them in innovative ways. Skills and knowledge should include an extensive understanding of financial, operational, market and credit risk. Should have expert knowledge of generally accepted auditing standards in the US.

  • Capability and desire to evaluate the effectiveness of management in their stewardship of the company’s resources and their compliance with established corporate policy and procedures, including corporate governance, code of conduct standards, and the business ethics and conduct policy.

  • Aptitude for leading teams; influencing and galvanizing others to follow you toward a solution.

  • Team oriented, ability to handle multiple tasks and work independently.

  • Excellent verbal and written business communication and organizational skills.

  • Excellent interpersonal skills including collaboration and relationship development.

  • The ability to provide direct coaching and developmental feedback.

  • Experience in an internal audit function preferred.


Environmental Conditions:

  • Works in office environment

  • Talking, hearing and vision capabilities are required

  • Minimal bending, stooping, walking, and stair climbing are required as is lifting items of light to moderate weight

  • Must adhere to the company’s quality standards, safety rules and regulations

 

Travel:

  • Some travel required.