Senior Internal Auditor (Hybrid)

Summary:

The Senior Internal Auditor, as an integral member of Prosperity’s Internal Audit Department, is responsible for performing risk-based assessments and other consulting activities designed to add value and improve operations, which provides management, as well as Prosperity’s Audit Committee, with assurance in regard to the effectiveness of Prosperity’s risk management, control and governance processes.  Under the guidance of the Manger, Internal Audit and other Internal Audit team members, the Senior Internal Auditor will help determine whether departments are performing their planning, accounting, custodial and control activities in compliance with applicable policies and procedures, compliance requirements and business plans.  The Senior Internal Auditor will exercise appropriate discretion and independent judgment to assist in the determination that corporate and departmental objectives are being met, that audit findings are reported objectively and assists management in developing action plans that adequately address any audit concerns identified. 

Essential Duties and Responsibilities:

Audit Testing

• For each functional area reviewed, develops an understanding of the management’s objectives, processes, and related internal controls and creates related audit plans and programs
• Leads/conducts audit test procedures outlined in the audit plans and programs
• Documents the results of audit testing and works with the Internal Audit team to evaluate the effectiveness of management’s risk management, control and governance processes, and develops recommendations for improvement where warranted

Risk Control & Assessment

• Identifies areas of higher risk within units/departments being audited and identifies related controls
• Obtains a thorough understanding of critical risks and controls established by management and documents related procedures using narratives and/or flowcharts
• Completes Internal Audit`s Risk Assessment and documents related risks and compensating controls
• Provides Internal Audit management with organized documentation for risk assessments completed
• Creates audit programs and develops audit tests as assigned that will provide evidence as to how well key controls are functioning

Audit Concern Analysis / Findings

• Exercises professional independent judgment to identify deficiencies and opportunities for improvement
• Develops audit findings/recommendations that describe condition, criteria, deviation, effect or impact and management`s action plan
• Prepares initial drafts of written observations for inclusion in the internal audit report

Customer Relations

• Maintains regular contact with the audited areas, keeping them informed of audit progress and any issues identified to date
• Stays current on company initiatives and emerging issues, initiates evaluation of potential risks and how they are managed
• Works with Vice President-Internal Audit in reporting risk assessment and audit findings to management. Answers management questions regarding risks and controls over the audited area
• Obtains responses from appropriate Company officers that address audit findings and documents action plans designed to address audit concerns
• Assists Vice President-Internal Audit in consulting with management on risks, controls, and ideas on how to strengthen financial, operational and compliance controls
• Completes special projects/reports as requested by management

Project Management

• Works within established budgets, timelines, and milestones for each audit assignment
• Monitors progress against budget and schedule. Informs the Vice President-Internal Audit of any deviations and works with management to develop corrective action plan
• Provide guidance/supervision of assigned staff members in the understanding of functional areas being audited, completion of audit testing, and summarization/reporting of results

Job Qualifications

• Experience using audit techniques and methodologies (3-6 years) required
• Commitment to continuous learning and professional development

Key Competencies

• Results Oriented
• Accountable
• Analytical Thinking and Problem Solving
• Organizational Awareness
• Planning & Organization
• Builds Strong Relationships
• Business Acumen
• Flexible
• Technical Expertise
• Project Management