Internal Auditor

Position: INTERNAL AUDITOR
This is a Full-Time, Contract, and Exempt position based on a 40-hour work week. The individual in this position will work in City Hall located at 7 North Dixie Highway, Lake Worth Beach, FL 33460.

Compensation $96,255 - $129,375

In addition, this position offers:

• $500 monthly car allowance
• $75 monthly phone allowance or city provided cell phone
• 40 hours (5 days) paid administrative leave per fiscal year
• 200 hours (25 days) vacation per fiscal year
• 1X annual salary Basic Life Insurance/AD&D (rounded to nearest $10,000)

JOB SUMMARY:

The Internal Auditor of the City of Lake Worth ("IA") provides independent, objective assurance designed to add value and improve the effectiveness and efficiency of the City's operations. Internal Audit will help the City accomplish its risk management, internal control, and governance objectives:

• Through audits of City operations and contracts;
• By providing public accountability for the use of City tax dollars;
• By providing a mechanism to investigate suspected fraud, waste and abuse; and
• By serving as an independent, objective source of information and advice for the City Commission on matters of financial and operational importance.

The scope of work of the IA is to determine whether the City's risk management, internal control, technology and governance processes, as designed and implemented by management, is adequate and functioning in a manner to ensure:

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Risks are appropriately identified and managed;
• Interaction with the various governance groups occurs as needed;
• Significant financial, managerial, and operating information is accurate, reliable, and timely delivered;
• Employee actions are in compliance with policies, standards, procedures and applicable laws, ordinances and regulations;
• City assets are acquired economically, used efficiently, and adequately protected;
• Programs and plans are implemented in accordance with their terms;
• Quality and continuous improvement are fostered by the City's control processes;
• Significant legislative or regulatory issues impacting the organization are recognized and addressed appropriately; and
• Opportunities for improving management control, revenue realization and the City's image which are identified during audits are communicated to the appropriate levels of governance and management.
• The examples of essential functions as listed in this classification specification are not necessarily descriptive of any one position in the class. The omission of an essential function of work does not preclude management from assigning duties not listed herein if such functions are a logical assignment in relation to the position.

ACCOUNTABILITY

The IA is accountable to the Mayor and the four City Commissioners to:

• Provide an assessment of the adequacy and effectiveness of the city's processes for controlling its activities and managing its risks;
• Report significant issues related to the processes for controlling the activities of the City, including potential improvements to those processes;
• Periodically provide information on the status and results of the annual audit plan and the sufficiency of department resources; and
• Coordinate with and provide oversight of other control and monitoring functions such as risk management, regulatory compliance, security, legal and ethics (in conjunction with the City Attorney), environmental and external audit.

INDEPENDENCE

The Institute of Internal Auditors' (IIA) International Standards for the Professional Practice of Internal Auditing require that the Internal Auditor reports to a level that allows the Internal Audit activity to fulfill its responsibilities. In accordance with IIA recommendations, the Internal Auditor will report directly to the Mayor and City Commissioners.

RESPONSIBILITY

The IA will:

• Develop a flexible annual audit plan using an appropriate risk-based methodology, acknowledging any risks or control concerns identified by management or the City Commission and submit that plan as well as periodic updates to the City Commission for review and approval;
• Implement the annual audit plan, as approved, including as appropriate any special tasks or projects requested by the City Commission;
• Maintain a level of professionalism, training, professional credentials and subject knowledge that meets the requirements of this document;
• Issue periodic reports to the City Commission and others as requested by this Commission;
• Monitor the actions taken by management in response to report recommendations. Periodic follow-up reports will be provided to the City Commission;
• Keep the City Commission informed of emerging trends and successful practices in internal auditing;
• Assist in the investigation of significant suspected fraudulent activities within the organization and notify the City Commission of the results; and
• Consider the scope of work of the external auditors, as appropriate, for the purpose of providing optimal audit coverage to the organization at a reasonable overall cost.

REPORTING

The IA will:

• Hold…