Internal Auditor

Location

Knoxville, TN | United States

Job description

Title: Internal/ Quality Control Auditor

Location: Corporate Office

SUMMARY:

Examines and analyzes accounting records to determine financial status of organization and prepares financial reports concerning operating procedures. Ensures operational efficiencies through implementation of quality control reviews.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Works interdependently with staff of the organization while at the same time conducts verification of work practices and procedures. Maintains an audit schedule daily, weekly, monthly and annually that addresses all the major areas of risk in the organization.
• Reviews data regarding material assets, net worth, liabilities, capital, surplus, income, and expenditures.
• Inspects items in books of original entry to determine if accepted accounting procedure was followed in recording transactions.
• Counts cash on hand, inspects notes receivable and payable, negotiable securities, and cancelled checks.
• Verifies journal and ledger entries of cash and check payments, purchases, expenses, and trial balances by examining and authenticating asset portfolio items. (i.e., loans, investments, land and buildings, equipment, etc.)
• Prepares reports for management concerning scope of audit, financial conditions found, and source and application of funds.
• Makes recommendations regarding improving operations and financial position of credit union or CUSO where credit union is owner.
• Completes the quality control checklists in the review of loan files. Ensures all file documentation is complete and correct. Prepares a monthly report for management on all loan files that have been quality checked.
• Responsible for security operations:
• Add/Remove employee access at all affected locations due to manager requests, transfers or termination.
• Maintain surveillance systems for optimal performance to record member transaction areas & access to secured areas, including vaults, cash count rooms, debit card embossing equipment & IT server room.
• Verify alarm & video systems are synched to correct time.
• Responsible for cameras and DVRs'programming set ups, requests to move cameras, recording performance monitoring, contacting external vendor to ensure equipment is properly functioning.
• Maintain & update building alarm code set up & removal for staff, as well as after-hours contact lists.
• Maintain & keep updated combinations to safes for all branches (includes cash vault, ATM, night drop & Safe Deposit Box safe).
• Maintain & keep updated extra sets of keys for all branches (includes exterior/interior doors, furniture & equipment)
• Adjust the electronic door openings/closings for affected branches, as needed.
• Coordinate with management, staff & law enforcement to provide surveillance footage for fraud/robbery issues.
• Share with staff fraud/robbery alerts from other financial institutions & members of law enforcement.
• Adheres to the credit union's records retention policy and procedures guideline to effectively maintain records and to ensure full compliance with all applicable laws and appropriate regulatory agencies.
• Assists in the transfer of records into the retention storage, and retrieval of requested records.
• Assists in the implementation of the credit union's security program.
• Performs such other duties as the board of directors and/or Supervisory Committee may from time to time require.

PERFORMANCE STANDARDS:

Performs duties, responsibilities and accountabilities in accordance with Generally Accepted Accounting Principles and Generally Accepted Auditing Standards for credit unions.

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE:

Bachelors degree in a related field and 4 to 6 years auditing experience required. Prior experience in a financial institution preferred.

SUPERVISORY RESPONSIBILITIES:

Supervises the Internal Quality Control Specialist. Is responsible for the overall direction, coordination, and evaluation of this area. Sets department goals and assigns, monitors and reviews the work of Internal Audit staff to ensure completion of goals and responsibilities.

Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, training, planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

LANGUAGE SKILLS:

Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to write speeches and articles for publication that conform to prescribed style and format. Ability to effectively present information to top management, public groups, and/or boards of directors.

MATHEMATICAL SKILLS:

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

REASONING ABILITY:

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

OTHER SKILLS and ABILITIES:

Ability to work with personal computer data base and spreadsheet program.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to use hands to finger, handle, or feel objects, tools, or controls and reach with hands and arms. The employee is occasionally required to stand; walk; climb or balance; stoop, kneel, crouch, or crawl; and taste or smell. The employee must occasionally lift and/or move up to 30 lbs.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually quiet.

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Salary