Director of Internal Audit Job Description

The Internal Auditing Director designs, develops, and implements internal auditing policies and procedures consistent with the organization’s standards. Directs the auditing of accounting and financial data of various departments within an organization. Being an Internal Auditing Director identifies improper accounting or documentation and makes recommendations for improvement to top management. Ensures accuracy and compliance with government guidelines and laws. In addition, Internal Auditing Director requires a bachelor’s degree of accounting or finance or its equivalent. Typically reports to a CFO or top management. The Internal Auditing Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. Working as an Internal Auditing Director typically requires 5+ years of managerial experience.

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Director of Internal Audit Job Description Template

Our company is looking for a Director of Internal Audit to join our team.

Responsibilities:

  • Assists management with the development of the Company’s Own Risk Solvency Assessment (ORSA) report to the regulators;
  • Identifies root causes and provides management practical value-add solutions and recommendations;
  • Ensure that teams are effective and provide thoughtful conflict resolution resources and tools as needed;
  • Ability to work with external auditors to demonstrate compliance with JSOX requirements is an advantage;
  • Meets regularly with the Audit Committee to report on audit results and open audit issue status;
  • Participates in strategic and long-term planning for Internal Audit;
  • Oversee execution of Sarbanes-Oxley section 404 related audits;
  • Manages the process to track, follow-up, and ultimately close all open audit issues, including those identified by third parties;
  • Interact regularly, educate and advise process owners on internal control requirements and potential process improvements;
  • Special projects as requested by management and approved by the Audit Committee;
  • Issues clear and concise reports, using data, technology and visualization tools to effectively communicate audits results;
  • Remain knowledgeable on current activities, accounting pronouncements and audit information significant to the profession and industry;
  • Participate in due diligence and integration activities related to business acquisitions on an “as needed” basis;
  • Directs the work of groups of employees (leads through managers);
  • Lead the internal process of planning an effective and timely audit on all operational levels.

Requirements:

  • Ability to adapt to unexpected changes in timelines, deadlines and scope of work;
  • Good interpersonal skills and a proven ability to interact effectively and manage relationships with business area leaders, executive management;
  • Prior management and leadership experience in a large, complex organization;
  • Strong technology background highly valued;
  • Roll-up-the sleeves work ethic and “do-what-it takes” attitude to efficiently execute and drive for results in a fast-pace work environment;
  • Highly analytical; excels at leveraging data to drive prioritization and action;
  • Financial reporting acumen, including GAAP, NAIC model audit, COSO, PCAOB and other relevant professional knowledge;
  • Bachelors degree from an accredited university in Accounting, Economics, Business Management, Finance or related;
  • Strong organizational skills and the ability to multi-task in an environment where priorities and needs change quickly;
  • Proven experience managing a staff of professionals and training and developing employees;
  • Active CIA, CISA and / or CPA license required;
  • Exceptional people, project and client management skills gained by working in multiple, professional environments;
  • Highly driven, self-managed individual who demonstrates initiative and proactively seeks solutions to problems;
  • CPA or CIA, MBA is a plus;
  • Excellent written and verbal communication skills.