Internal Auditor

Job Type

Full-time

Description

Primary Purpose of Position: The Internal Auditor is responsible for independently assessing Maine Housing's financial and operational business processes, risk management, internal controls, and governance processes. The role reports to the Board of Commissioners and is responsible for defining the proper scope and objectives of each audit, planning the approach of each engagement, ensuring quality is integrated into each audit review, and presenting recommendations for improvement to Management and the Audit Committee of the Board of Commissioners.

Education and Experience: Bachelor's degree in business, finance, or related field and five years of auditing experience, or an appropriate combination of education and work experience preferred.

Certification: Certified Internal Auditor (CIA), or ability to achieve CIA within one year.

Core Functions

• Working with department directors and managers, annually update the Maine Housing Risk Assessment document in support of the Maine Housing Strategic Plan. Recommend and incorporate risk management strategies, considering industry best practices and cost/benefit. Monitor agency-wide risks and controls designed to mitigate those risks.

• Develop a flexible internal audit plan, based on input from the Audit Committee and Maine Housing Management, and grounded on the evaluation of underlying operational and business risks. Update the plan annually and obtain Audit Committee approval.

• Establish and agree on audit scope and objectives for each audit engagement. Plan and conduct audit activities to

o review operational processes for efficiency and effectiveness,

o examines financial transactions for accuracy and to ensure that controls are appropriately designed and followed,

o ensure assets are properly safeguarded, and/or

o assess compliance with all applicable laws, regulations, and contracts.

• Prepare comprehensive working papers and other documentation to support audit results and conclusions.

• Communicate recommendations to the Audit Committee and Management through logical, clear and concise written reports and oral presentations to foster understanding and agreement of audit issues and commitment to implementing corrective actions.

• Perform follow-up internal audits to evaluate management's implementation of action plans. Monitor overall status of open issues and hold assigned staff accountable to ensure timely completion of corrective actions.

• Be Maine Housing's liaison with external federal and state auditors. Work with departments to meet the information needs of external auditors, assist auditors during field work, coordinate Maine Housing's response to audit findings, and follow-up to ensure implementation of all corrective action items.

• Review Conflict-of-Interest Disclosures for all new staff. Annually administer the Conflict-of-Interest Survey for existing staff and members of the Board of Commissioners. Follow up and render opinions, as needed.

• Evaluate conflict-of-interest disclosures regarding personal or business relationships involving employees of Partner organizations and approve the Partner's plan to manage the conflict. Once approved, follow-up to ensure the plan is reviewed and signed annually by the Partner.

• Investigate all allegations of fraud concerning Maine Housing employees or employees of Partner organizations. Report findings and assist Legal Counsel with required follow-up of action items, if necessary.

• Provide guidance and assistance to the program departments responsible for carrying out risk-based sub-recipient monitoring. Participate in partner monitoring visits with staff and review monitoring reports for consistency, as requested.

• Participate as a key member of Maine Housing's Information Security Committee (ISC). The ISC is responsible for overseeing Maine Housing's Information Security Program, ensuring adherence to Information Security Policies, following up on results of third-party vulnerability assessments and penetration tests, and addressing data security incidents as necessary.

• Contribute to other relevant committees with an internal audit purpose, including the Leadership…