Operations Auditor Loyola University Orleans

Independently performs its evaluation of the University’s activities and evaluates risk; compliance with and adequacy of applicable policies and procedures; and compliance with applicable laws and regulations. Audit reports on its activities to Management and, the Audit Committee of the Board of Trustees. Operations Audit furnishes the President, the Audit Committee and the Board of Trustees with facts, analyses, recommendations and pertinent information about the activities reviewed.

Internal Audit supports the University’s enterprise risk management (ERM) program consistent with guidance issued by the National Association of College and University Business Officers (NACUBO).
Examples of Duties
Prepare information for Audit Committee meetings quarterly.
Conduct process/workflow reviews (not just control testing) to identify redundant approvals, manual bottlenecks, and non-value-added steps across administrative functions (procurement, HR, financial aid, student accounts, etc.).
Benchmark departmental operations against peer institutions and industry practice to identify efficiency gaps.
Facilitate process-mapping or Lean/continuous-improvement workshops with process owners rather than simply issuing a report.
Recommend and help design internal control structures that are more efficient to operate, not just more restrictive (e.g., replacing manual reconciliations with system-based controls) Perform special audits/investigations as requested by the President and/or Audit Committee.
Assist and coordinate activities and audits with all external auditors and coordinate the University’s management response to all external audit findings.
Develop and/or revise audit procedures, ensuring the procedures address areas or risk, including compliance with University policies and procedures, laws, regulations, contracts, etc.
Develop and administer control self-assessment (CSA) tools so departments can evaluate their own processes routinely, reducing the volume of ad hoc reviews the controller has to run.
Serve as the primary liaison to external auditors, pre-testing high-risk areas and packaging documentation so external fieldwork (and controller involvement in it) is faster and narrower in scope
Maintain a centralized library of process documentation/SOPs so institutional knowledge doesn’t sit solely with the controller’s staff
Provide continuous auditing/monitoring (automated exception reports, dashboards) so issues surface between formal audit cycles instead of piling up for year-end.
Report issues identified as part of the audit procedures. Develop recommendations which identify and facilitate effective and efficient improvements in the University’s operations.
Identify opportunities for automation or system configuration changes that eliminate manual controls entirely (workflow tools, ERP configuration, RPA).
Partner with IT on data analytics builds that let both audit and management self-monitor key risk indicators.
Review the University’s compliance with Generally Accepted Accounting Principles (GAAP), including FASB ASC 958 (Not-for-Profit Entities) requirements for net asset classification, contribution and revenue recognition, and functional expense reporting, and coordinate with the Controller’s Office on annual financial statement audit readiness.
Monitor compliance with the U.S. Office of Management and Budget’s Uniform Guidance (2 CFR Part 200) governing Single Audits of federal financial assistance.
Provide project-management support for control remediation efforts, including timelines and resource needs.
Conduct post-implementation reviews to confirm a change actually achieved the intended efficiency or risk-reduction result
Oversee the University’s confidential reporting (whistle blower/ethics…