Internal Auditor I, II or III

About The Company

Utah Retirement Systems provides benefits for state and other Utah Public employees through the work of two divisions. The Retirement Office administers pension and retirement benefits. PEHP Health & Benefits specializes in medical, dental, life, and other benefits. We take pride in providing a peace of mind for thousands of Utah families. We are committed to our public mission and maintaining a positive team environment. We offer a competitive salary, and our benefits far exceed what most modern employers offer.

Job Description

This position may be filled at one of the following levels, depending on qualifications and experience: Internal Auditor I, Internal Auditor II, Internal Auditor III.

POSITION SUMMARY

Provides independent, objective assurance, and consulting services designed to add value and improve the operations of URS and PEHP. Helps URS and PEHP accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

ESSENTIAL JOB FUNCTIONS AND DUTIES

• Reports to and advises the Internal Audit Manager regarding accounting, operational, and management controls.

• Maintains control systems for adequacy and efficiency.

• Recommends, initiates, and implements corrective measures.

• Assists the Internal Audit Director in long range planning and establishing audit priorities.

• Independently performs comprehensive audits covering financial, operational, and regulatory areas to assure the safeguarding of assets, proper authorization, and recording of transactions.

• Performs field audits of external advisors and participating units as requested by management or the Audit Committee.

• Communicates verbally and in writing the audit results to the auditee, Internal Audit Manager, and upper management.

• Examines, evaluates, and verifies compliance in Office records and operating procedures.

• Verifies compliance with established plans, policies, procedures, and control systems.

• Assures compliance to regulatory and statutory conditions.

• Identifies indicators of fraud.

• Monitors adherence to Generally Accepted Accounting Principles (GAAP) and related technical pronouncements.

• Completes and delivers work papers and audit reports for review.

• Understands and performs basic computer assisted audit techniques.

• Interfaces with department heads to resolve audit issues and implement audit recommendations.

• Prepares or updates technical flow charts showing significant transaction cycles.

• Prepares control evaluation worksheets involving analysis of flow charts and identification of manual and Electronic Data Processing (EDP) control strengths and weaknesses.

• Conducts statistical and analytical review of financial and operating data.

• Develops audit plans and defines the audit objective.

• Writes audit programs and develops unique procedures which will meet audit objectives.

• Maintains working papers showing scope, procedures performed, findings, conclusions, recommendations, continuity, and frequency of audit work.

• Prepares working papers that are properly cross-referenced, logically organized, and support audit findings and recommendations.

• Assists the Internal Audit Director in preparing for independent quality review.

• Examines and evaluates participating unit payroll and contribution records and their operating procedures pertaining to retirement, withholding, disbursing of funds, and reporting.

• Conducts external audits of investment advisors and participating units.

• Follows The Institute of Internal Auditors Code of Ethics.

• Conducts audits in accordance with the International Professional Practices Framework published by The Institute of Internal Auditors.

• Receives 120 hours every 3 years (approx. 40 hours annually) of Continuing Professional Education (CPE) as required in the department.

• Maintains regular and reliable attendance.

• Maintains strict confidentiality.

• Performs other related duties as required.

Required Experience

• Internal Auditor I: Bachelor’s degree in accounting, business, or related field, or an equivalent combination of education and experience performing comprehensive audits covering financial, operational, and regulatory areas.

• Specific Experience: In IT, Financial, And Operational Auditing.

• Possession of certification as a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Certified Government Auditing Professional (CGAP), Certified Risk Management Assurance (CRMA), and/or Certified Fraud Examiner (CFE) is preferred.

Education and Experience

• Internal Auditor II: Bachelor’s degree in accounting, business, or related field; AND three (3) years of responsible experience performing comprehensive audits covering financial, operational, and regulatory areas; OR an equivalent combination of education and experience. Specific Experience In IT, Financial, And Operational Auditing Preferred.

• Master’s degree is preferred.

• Internal Auditor III: Bachelor’s degree in accounting, business, or related field; AND four (4) years of responsible experience performing comprehensive audits covering financial, operational, and regulatory areas; OR an equivalent combination of education and experience. Specific Experience In IT, Financial, And Operational Auditing Preferred. Certification as a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Certified Government Auditing Professional (CGAP), Certified Risk Management Assurance (CRMA), and /or Certified Fraud Examiner (CFE) is preferred.