<p>The Auditor position is responsible for performing internal audit work throughout the University of Minnesota. The University encompasses a wide array of diverse activities including academic support functions, sponsored research, large scale business operations, academic health care, intercollegiate athletics, and municipal/utility operations. The complexity and size of audit assignments will vary significantly and will encompass audits of University units and processes, investigations, and other special projects. Incumbents are expected to have zero to two years of audit experience and be able to develop proficiency in performing internal audit work that conforms to the Institute of Internal Auditor’s professional standards. Work assigned to incumbents will generally be well-defined and performed under close supervision. Decisions regarding the scope of work to be performed, the nature of testing to be completed, and the reporting and disposition of results will be delegated to this position with oversight by supervisors or managers. </p><p>Essential Functions<br /><br />1. 90% Perform audit testing of both University units and processes to evaluate the efficiency and effectiveness of internal control, risk management and governance processes. This includes assessing whether:<br />• Risks are appropriately identified and managed by the process owners and/or University management.<br />• Interaction between governance groups occurs as needed.<br />• Employees’ actions are in compliance with policies, standards, procedures, and applicable laws and regulations.<br />• Resources are acquired economically, used efficiently, and adequately protected.<br />• Programs, plans, and objectives are achieved.<br />• Quality and continuous improvement are fostered in the University’s control processes.<br />• Significant legislative or regulatory issues impacting the University are recognized and addressed appropriately.<br /><br />Audit work will include:<br />• Use of accepted audit procedures and techniques during the audit, and performing audit steps in the programs established to evaluate the adequacy of controls, risk management and/or governance processes.<br />• Documenting, reviewing and assessing internal controls and the efficiency and effectiveness of business practices used in the units/processes being audited. This typically is accomplished through the use of questionnaires, interviews and flowcharts, data analytics and also through the testing of transactional activity.<br />• Obtaining, analyzing and appraising transactions, documents, records, reports and methods that provide the basis for our conclusions on the effectiveness and efficiency of controls over the unit or process being audited.<br />• Collecting and analyzing, through the use of data analytics and other methods, sufficient competent evidence to serve as a basis for our conclusions.<br />• Preparing detailed, clearly labeled workpapers that record and summarize data on the audit work assigned. <br /><br />2. 10% Communicate the results of the audit work performed, using both verbal and written skills. This will include:<br />• Developing and documenting findings and recommendations in a manner that allows for proper review and assessment of the risks identified and the conclusions drawn.<br />• Meeting with the audit client(s) to discuss both the preliminary and final audit results.<br />• Using appropriate audit judgment in evaluating the significance of audit findings.<br />• Ensuring recommendations made are both actionable and cost-effective.<br /><br /><br /><br /><br /><br /> </p>
<p><span style="font-family: Arial, sans-serif; color: rgb(81,81,81)">REQUIRED QUALIFICATIONS:</span></p><p><span style="font-family: Arial, sans-serif; color: rgb(81,81,81)">A BA/BS degree in accounting or business administration or a combination of accounting/au</span><span style="color: rgb(81, 81, 81); font-family: Arial, sans-serif;">diting experience and college coursework to total four years. Computer experience (MS Word, Excel, etc.)</span></p><p><span style="font-family: Arial, sans-serif; color: rgb(81,81,81)">PREFERRED QUALIFICATIONS:</span></p><ul><li><span style="font-family: Arial, sans-serif; color: rgb(81,81,81)">Demonstrated e</span>ffective interpersonal and communication skills are required.</li><li>Professional certification (e.g. CPA, CIA, CFE) and/or an advanced degree is desired.</li><li>A working knowledge of the University of Minnesota: its business processes, policies and procedures, governance practices and regulatory obligations is desired.</li><li>Experience with PeopleSoft financial, human resource and student systems is desired.</li><li>The demonstrated ability to query databases to extract data needed for audit work is desired. </li></ul><p> </p>
The University of Minnesota, founded in the belief that all people are enriched by understanding, is dedicated to the advancement of learning and the search for truth; to the sharing of this knowledge through education for a diverse community; and to the application of this knowledge to benefit the people of the state, the nation, and the world.