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. Completes new limited scope audits with minimal guidance. Independently completes basic full scope audits.

ESSENTIAL JOB FUNCTIONS AND DUTIES

1. Reports to and advises the Internal Audit Manager regarding accounting, operational, and management controls.
2. Monitors control systems for adequacy and efficiency. Recommends, initiates, and implements corrective measures.
3. Assists the Internal Audit Director in long range planning and establishing audit priorities.
4. Independently performs comprehensive audits covering financial, operational, and regulatory areas to assure the safeguarding of assets, proper authorization, and recording of transactions.
5. Performs field audits of external advisors and participating units as requested by management or the Audit Committee.
6. Communicates verbally and in writing the audit results to the auditee, Internal Audit Manager, and upper management.
7. Performs on-site visits of properties in the Utah Retirement Systems real estate portfolio, which includes examining and evaluating internal controls, contracts, financial statements, leases, expenses, and other complex transactions to determine appropriateness.
8. Examines, evaluates, and verifies compliance in Office records and operating procedures.
9. Verifies compliance with established plans, policies, procedures, and control systems. Assures compliance to regulatory and statutory conditions.
10. Identifies indicators of fraud.
11. Monitors adherence to Generally Accepted Accounting Principles (GAAP) and related technical pronouncements.
12. Completes and delivers work papers and audit reports for review.
13. Understands and performs basic computer assisted audit techniques.
14. Interfaces with department heads to resolve audit issues and implement audit recommendations.
15. 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.
16. Conducts statistical and analytical review of financial and operating data.
17. Develops audit plans and defines the audit objective.
18. Writes audit programs and develops unique procedures which will meet audit objectives.
19. 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.
20. Assists the Internal Audit Director in preparing for independent quality review.
21. Examines and evaluates participating unit payroll and contribution records and their operating procedures pertaining to retirement, withholding, disbursing of funds, and reporting.
22. Conducts external audits of investment advisors and participating units.
23. Follows The Institute of Internal Auditors Code of Ethics.
24. Conducts audits in accordance with the International Professional Practices Framework published by The Institute of Internal Auditors.
25. Receives 120 hours every 3 years (approx. 40 hours annually) of Continuing Professional Education (CPE) as required in the department.
26. Maintains regular and reliable attendance.
27. Maintains strict confidentiality.
28. 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 preferred.

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.

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.

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.

Master's degree is preferred.

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.

Knowledge, Skills, and Abilities

This list contains knowledge, skills, and abilities that are typically associated with the job. It is not all-inclusive and may vary from position to position:

Required technical skills include the working knowledge and ability of:

• Basic computer assisted auditing techniques, computer operations, and technical software applications.
• Analytical and critical thinking.
• Technical, financial, and program auditing methods, processes and procedures.
• Risk analysis techniques.
• Flow charting processes to identify and evaluate internal controls.
• Analyzing a variety of control system issues and develop recommendations.

Required mathematical skills include working knowledge of:

• Sampling theory.
• Mathematical concepts such as probability and statistical inference.
• Concepts of basic algebra.
• Generally accepted accounting principles established by Financial Accounting Standards Board (FASB) and Government Accounting Standards Board (GASB).
• Budgeting processes.

Must possess excellent communication skills:

• Draft technical reports and documents.
• Negotiation techniques.
• Communicate effectively verbally and in writing.
• Establish and maintain effective working relationships with professionals, executives (public and private), department heads, coworkers, and the public.

Must have the ability to:

• Follow written and verbal instructions.
• Prioritize work.
• Perform within deadlines.
• Work well in a team environment as well as independently.
• Multi-task by handling a variety of duties in a timely and efficient manner.
• Follow through with assignments.
• Deal effectively with stress caused by workload and time deadlines.

The incumbent must always demonstrate judgment, high integrity, and personal values consistent with the values of URS.

Work Environment

Incumbent performs in a typical office setting with appropriate climate controls. Tasks require a variety of physical activities which do not generally involve muscular strain, but do require activities related to walking, standing, stooping, sitting, reaching, talking, hearing and seeing. Common eye, hand, finger dexterity required to perform essential functions.

Position requires occasional travel for office business. Individual must be physically capable of safely operating a vehicle, possess a valid driver's license and have an acceptable driving record based upon data provided by a current Department of Motor Vehicle Record (MVR).

As a requirement of this position, the employee will submit to the URS Investment Compliance Officer a record of trade confirmations or monthly transaction summaries, as they become available, of all security transactions (excluding mutual funds), in any account under the employee's control and direction, or under the control and direction of the employee's spouse.