Principal Auditor

About the Job

We are hiring an Auditor (job opening ), Senior Auditor I (job opening ), Senior Auditor II (Job Opening ), or Principal Auditor (Job Opening ).

Depending on qualifications and experience, and our good faith evaluation, you'll be hired into one of the following jobs and receive the respective benefits package.

This is a hybrid position. This job could be based at the University of Minnesota Duluth or at the University of Minnesota Twin Cities. However, the position has system‑wide responsibilities for all University locations and activities.

Please note that this position is not eligible for H-1B or Green Card sponsorship. This position does not offer a STEM OPT training program.

The Principal Auditor position is responsible for performing internal audit work throughout the University of Minnesota. The University encompasses a wide array of diverse activities including academic support functions, sponsored research, large‑scale business operations, academic health care, intercollegiate athletics, and municipal/utility operations. The complexity and size of audit assignments will vary significantly and will encompass audits of University units and processes, investigations, and other special projects.

Incumbents are expected to have 6 or more years of applicable experience and be able to demonstrate proficiency in performing internal audit work that conforms to the Institute of Internal Auditor's professional standards. Work assigned to incumbents will normally be defined, but work direction and scope may be at a high‑level and require additional research and refinement by the incumbent.

It is expected this work will be carried out with limited supervision. Decisions regarding the scope of work to be performed, the nature of testing to be completed, and the reporting and disposition of results will be delegated to this position with oversight by supervisors or directors.

1. (~25%) Perform engagement management activities associated with audits of University units or processes. This will include:

• Managing work assignments and evaluating work product of staff assigned to the audit. This includes being responsible for ensuring the work product is complete, logical and complies with both the Institute of Internal Auditor's professional standards and department practices.
• Ensuring staff are using appropriate audit judgment when drawing conclusions and evaluating the significance of audit findings.
• Coaching staff regarding completion of audit processes, evaluation of the units and business processes being reviewed, and creation of recommendations.
• Coordinating work effort and communication with line management responsible for assigned areas.
• Performing reviews of others' audit work to ensure it contains relevant facts to support audit scope and conclusions and adhere to internal audit policies and procedures.
• Managing client interaction during course of audit.

2. (~25%) Plan audits of all levels of complexity with minimal supervision from audit management. The plans and procedures are to be developed using a risk‑based methodology and with recognition of the limited resources available for each engagement. This will include:

• Collecting background material needed through a variety of mechanisms including interviews and data queries.
• Summarizing discoveries during the planning process.
• Drafting engagement letters, audit programs, time budgets and work schedules.

3. (~25%) Communicate the results of the audit work performed, both verbal and written skills. This will include:

• Developing and documenting findings and recommendations that properly address risks and conclusions.
• Meeting with the audit client(s) to discuss both the preliminary and final audit results.
• Using appropriate audit judgment in evaluating the significance of audit findings and the impact / risk of the issue.
• Drafting the initial report in a clear, concise manner to effectively communicate results to relevant levels of management.
• Ensuring recommendations made are both actionable and cost‑effective.

4. (~25%) Perform audit testing of both University units and processes to evaluate the efficiency…