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Internal Audit Manager - Hybrid

Posting Date:  Sep 16, 2022
Location: 

Louisville, KY, US, 40299

Farm Credit Mid-America is a financial services cooperative serving financial needs of farmers and rural residents across Indiana, Ohio, Kentucky and Tennessee for over a century. Our purpose is to secure the future of rural communities and agriculture - one home, one farm and one business at a time. We are passionate about serving the needs of our rural communities and creating positive customer experiences.

 

Farm Credit Mid-America is a great place to work!  We have been named as a Best Places to Work in Kentucky for the past 10 years. At Farm Credit Mid-America we put our customers and team members at the heart of all we do.  

 

LOCATION:  KY - Louisville  - Hybrid work environment, varies by business and department needs
SCHEDULE:  Full Time 
TRAVEL REQUIRED:  0% - 25% 

 

About Our Opportunity

Our Internal Audit Manager conducts operational, financial, compliance, and investigative audits in accordance with the International Standards for the Professional Practice of Internal Auditing. This role serves as a resource for auditors and provides consulting services to leadership and other team members. This role works to maintain all organizational and professional ethical standards and prepares formal internal audit reports to communicate with the Audit Committee and/or Senior Leadership.Team members in this role support our Chief Auditor in the development and monitoring of the risk assessment, audit plan, and Quality Assurance and Performance Improvement Program.

 

How You Will Spend Your Time

  • Manage internal audit engagements serving as a resource for other auditors.
  • Provide reasonable assurance regarding the adequacy, effectiveness and efficiency of the Association’s operations, reliability of financial reporting, safeguarding of assets, strategic planning, and compliance with applicable laws and regulations. 
  • Maintain professional objectivity; obtain required approval for exceptions to audit standards from appropriate parties. 
  • Monitor audits are performed and documented in a collaborative manner; maintain effective communication with audit customers, leadership, business partners, and Chief Auditor.
  • Conduct engagements in a manner consistent with the Chief Auditor’s priorities, audit team’s charter, business objectives, and audit customer needs. 
  • Responsible for all aspects of project management for each engagement.
  • Independently perform or review internal audit procedures performed by other auditors. 
  • Develop and finalize audit objectives, scope, and plan based on an appropriate risk assessment. 
  • Conduct interviews and surveys, perform data extraction and analysis, review and analyze audit evidence, identify and document risk and related controls within electronic audit work files. 
  • Evaluate design and operating effectiveness of internal controls based on an appropriate risk assessment. 
  • Recommend improvements in processes, procedures, and controls. 
  • Ascertain adequate documentation has been gathered to evidence the completion of audit objectives and that such workpapers adequately support the conclusions reached. 
  • Develop written reports to communicate audit results to the Audit Committee and Leadership. 
  • Formally plan, execute, and document special projects as requested by Leadership and approved as necessary by the Chief Auditor. 
  • Perform follow up procedures on audit recommendations to determine if corrective action has been taken by affected teams. 
  • Monitor and manage budgeted time for the engagement to ensure proper usage of resources. 
  • Develop plan and evaluate candidates for co-sourcing and outsourcing audits, identify required knowledge and skill sets, and select qualified external auditors for completion of planned audits or special projects. 
  • Provide consulting services through participation on Association projects and teams in an advisory / counseling capacity or conducting reviews of a business unit, function, process, system, etc. at the request of the leader who seeks to receive advice. 
  • Coordinate with external auditors, Farm Credit Administration, and other third parties as necessary for reviews or examinations of the internal audit program. 
  • Identify and evaluate the Association’s risk areas and provide key input for the development of the annual risk assessment and audit plan. 
  • Develop and monitor the risk assessment, audit program, and Quality Assurance and Performance Improvement Program for the internal audit function. 
  • Assist in the management of Internal Control over Financial Reporting (ICFR) procedures. 
  • Pursue professional development opportunities to maintain a current status of development related to the internal audit profession such as evolving audit techniques and practices. 
  • Determine the impact of changes in internal audit guidance or professional trends and recommend implementation plans. 
  • Identify internal audit training needs, develop training plans, and provide mentoring, training and guidance for auditors on the professional auditing standards and guidance issued by The Institute of Internal Auditors.

Minimum Education & Experience

Bachelor's degree in accounting, finance or a related field. Five or more years audit management experience within a US company subject to SOX requirements, or equivalent with progressively higher responsibilities OR successful evaluation at previous grade. CIA, CPA, or CISA designation preferred. Equivalent combinations of education and experience are acceptable.

Mental & Physical Requirements

 

  • Engage in telephone and face-to-face conversation to serve customers and give and receive information from customers, staff, vendors, outside consultants and the public. 
  • Use a computer and similar office technology and tools. This involves reading the screen and keying/typing information. 
  • Speak and make presentations to individuals or groups on technical subjects related to job. 
  • Travel via auto or commercial transportation to carry out essential responsibilities of the job. 
  • Successfully interact with and represent the organization to customers, staff, officers, board members, vendors, and/or the public at all levels. 
  • Provide sound technical advice to customers and other staff in the subject field(s) related to this position. 
  • Understand and explain various subject matter and consulting concepts, programs, terminology, and methods. 
  • Reason, judge, compare, calculate, evaluate, decide, and critique such information as written material, numerical data, responses to customer needs, and/or other related work activities. 
  • Requirements of the job include the ability to do the work, with or without reasonable accommodations. It is the Association's policy to make reasonable accommodations for individuals with disabilities.

Farm Credit Mid-America provides a competitive total rewards package to our team members. This includes an award winning 401(k) Plan. Our Health and Financial wellness benefits provide safety, security and peace of mind for you and your family. Here is only a highlight of what we provide our team members:

 

  • Medical Insurance - Two consumer-driven health plans available paired with a tax-advantaged Health Savings Account (HSA).
  • Dental - Our dental plan offers option of basic or comprehensive coverage. 
  • Vision Insurance
  • Flexible Spending Accounts - Two Savings Plans to plan for eligible healthcare expenses.
  • Employee Assistance Program (EAP) - Mental Health providers for you and your family.
  • Income Protection - Short and Long-term Disability Insurance coverage.
  • Retirement Savings - Team members have 401(k) savings options with an employer match.
  • Paid Time Off - Vacation, sick, and holidays.

 

Farm Credit Mid-America is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability or any other category protected by law.


Nearest Major Market: Louisville