Financial Auditor Job Description
Financial auditor
provides consulting to departments and executives regarding financial reporting over internal controls, 404 compliance, fraud prevention and operational efficiency.
Financial Auditor Duties & Responsibilities
To write an effective financial auditor job description, begin by listing detailed duties, responsibilities and expectations. We have included financial auditor job description templates that you can modify and use.
Sample responsibilities for this position include:
Perform in-charge accounting and audit functions
Review client’s entities from an operations, tax, accounting, IT and compliance perspective
Prepare and review client’s quarterly journal entries for each period and assemble a GAAP basis set of books and records, which includes tax-basis adjustment accounting for unrealized gains or losses, with QuickBooks
Aggregate client’s journal entry support for archival, consisting of bank statements, invoices, accrual support and quarterly fund accounting packages
Specializes in testing accounting centric processes within the current ERP system (Microsoft Dynamics Nav)
Oversee audit engagements and resolve most accounting issues that arise during the audit engagement with the guidance of the audit manager
Coordinate the various phases of an engagement, including staff requirements, engagement planning, scheduling
Study and evaluate the internal controls, organization, systems or other appropriate items and prepare or review the audit program
Review with Manager or Supervisor any significant audit findings, financial statement presentation or other matters
Assist with or prepare or review financial statements, notes, schedules, management letters, income tax returns, reports, programs, systems, policies and procedures for discussion with the client
Financial Auditor Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Auditor
List any licenses or certifications required by the position: CPA, CIA, CISA, CA, CMA, CFE, CAMS, ISO27001, CRCM, ACCA
Education for Financial Auditor
Typically a job would require a certain level of education.
Employers hiring for the financial auditor job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, Business/Administration, Auditing, MBA, Education, Information Systems, Management, Public Administration
Skills for Financial Auditor
Desired skills for financial auditor include:
Internal controls over financial reporting
Oracle and ACL are desired
COSO and Sarbanes-Oxley 404
Internal auditing
Computer concepts and capabilities
Oracle is desired
Theory and practice of internal controls
Excel
Accounting
Along with aptitude to master Internal Audit specific applications
Desired experience for financial auditor includes:
Minimum travel requirement of 40-45%, including some travel outside of the U.S
Experience in monitoring or implementing Regulatory Compliance controls related directly to BSA/AML, Fair Lending, CFPB, deposits and loans
Knowledge of and prior experience in risk/control identification skills related to Regulatory Consumer Compliance matters
Experience in performing reviews in the areas of Supply Chain, Direct/Indirect sales, channel marketing
Perform audits and special reviews of Company functions, processes, business units, contracts and other activities to ensure reliability and integrity of information, proper recording of transactions, safeguarding of assets, compliance with policies and procedures, achievement of operational goals and objectives, and effective and efficient use of resources
Lead basic assignments and direct staff in the performance of audits and special reviews
Financial Auditor Examples
1
Financial Auditor Job Description
Job Description Example
Our growing company is looking for a financial auditor. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial auditor
- Participates in Sarbanes-Oxley assessment of internal controls over financial reporting
- Assist with assessing risks and recommending changes to strengthen financial reporting, internal controls or business process controls and operating effectiveness
- Record and reconcile intercompany activity, including intercompany payable, receivables, investments, and lease payments
- Review fund records from the clients in order to record quarterly incentive fee accruals for related fund investment vehicles and accrue fees and related annual cash collections within QuickBooks
- Compute income for clients and allocate income on a GAAP basis quarterly and tax basis annually
- Prepare monthly General Partner QuickBooks income statement and balance sheet reports and review these reports and the related quarterly income allocation analysis with the client
- Assist in the preparation of monthly, quarterly, and annual financial statements for funds
- Performing risk based control assessments to determine the propriety and efficiency of the internal control structure and operating processes
- Executing Sarbanes Oxley (SOX)/Model Audit Rule (MAR)/Fed Regulatory Reporting (Fed) compliance efforts, including proper identification of key risks and controls that impact the reliability of financial statements and evaluating controls
- Direct staff and seniors and instruct them in the work to be performed, review the work completed and direct necessary revisions
Qualifications for financial auditor
- Strong personal computer skills (Microsoft Office, ACL, SAP AIS, other CAATS, Visio)
- Exposure to the life cycle of an audit
- Financial services audit exposure
- Exposure to financial markets / asset management
- 1+ year of Audit or IT experience
- 3+ years of Audit or IT experience
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Financial Auditor Job Description
Job Description Example
Our company is searching for experienced candidates for the position of financial auditor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for financial auditor
- Delivering audits across the wealth portfolio
- Providing high valued advice to the business
- Leadership and people / peer management
- Mentoring new hires to aid in their acclimation to the the firm and the manner in which the department operates
- Developing and maintaining relationships with the firm's staff and management to facilitate proactive assessment of the firm’s risk profile and career development
- Planning, execution and risk reporting
- Leading client audit engagements including planning, executing, and completing financial statement audits
- Documenting work-papers and following up on client document request lists
- Researching technical guidance to provide Managers and Partners with appropriate solutions
- Proactively interacting with clients to complete audits efficiently in line with deadlines and budget
Qualifications for financial auditor
- Financial Services, preferably wealth or asset management experience
- Exposure to the Insurance space
- CA / CPA Qualification + Tertiary Degree
- Support regional and global audit teams in preparing, managing and performing audits on IT infrastructure
- Lead audit execution, interviewing stakeholders, testing processes and evaluating business documentation
- May also have the opportunity to take an active role in other IT audit activities, covering areas such as operational processes, business applications, projects and change programs
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Financial Auditor Job Description
Job Description Example
Our growing company is hiring for a financial auditor. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial auditor
- Assisting and leading audits ensuring risks to the business are dealt with appropriately
- In charge of engagements in the field, leading a team in planning, managing and executing Audit engagements, within a risk based environment efficiently and effectively
- Assist the Team Coordinator or lead the team in the preparation of the audit
- Meet with department and/or Company management responsible for the area under review to discuss the audit scope and coordination requirements
- Conduct the audit via interviews and paper trail investigations as required, including the completion of work papers and the summarization of findings and observation in accordance with Department standards and model audit program steps
- Review recommendations with the audit manager, team coordinator, and internal customers throughout the audit
- Participate in formal interim and final meetings to discuss and finalize findings and recommendations
- Perform special projects, including technical research studies, development of internal control education materials, and facilitating formal training sessions for audit staff and internal clients
- Participate on specialized audits lead by our Audit Services Group (ASG) when appropriate
- Experience in planning, scoping and managing internal audits surrounding (minimum of 5 years) or experience is any other control or risk management role
Qualifications for financial auditor
- May work with other audit teams (such as operations audit and finance audit) on integrated audits
- 5+ years in IT Audit or a related IT role
- CIA, CISA, CISM, CISSP or other relevant certification
- Knowledge of ITIL, COBIT and similar standards, with a good understanding of local laws & regulations
- Technical knowledge across common IT infrastructure components, such as operating systems, networking and security, storage, databases, and cloud technology
- Fluent Japanese and Business-level English (or vice-versa)
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Financial Auditor Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of financial auditor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial auditor
- Experience of understanding risk/audit issues and control matters
- Write and present audit reports describing scope, objectives, conclusions, findings, and recommendations to both internal and external stakeholders
- Perform non-complex special investigations functions requiring the application of specialized auditing principles and practices with limited supervision
- Execute walkthroughs, internal control operating effectiveness testing, and substantive procedures to support the Company's Sarbanes-Oxley 404 Program
- Work closely with the Company’s external auditor
- Support all functional areas of Internal Audit including executing operational audits, plant audits, and regular inventory observations
- Continuously improve internal audit approaches, tools and methodologies, and productivity
- Analyzes operational functions to identify risk factors in order that audit procedures can be developed to review such risk areas
- Prepares, gathers, & reviews audit work papers & documentation for assignments to support an adequate basis for reporting results of that audit to management
- Recommends potential areas for future audit efforts and assists the Manager of Internal Audit
Qualifications for financial auditor
- Experience in financial services, such as banking or insurance
- Australian Internal Audit / External Audit experience
- External or Internal auditor with specific IT audit experience
- FSI (Financial Services Industry) background in Big 4 will be a plus
- Excellent verbal and written communication skills (English is the business language)
- Certification(s) such as Certified Public Accountant (CPA), Certified Grants Management Specialist (CGMS), Certified Government Financial Manager (CGFM), and/or Certified Performance Management Professional (PMP) desired
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Financial Auditor Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of financial auditor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for financial auditor
- Proficient knowledge of the COSO Internal Control Framework and International Professional Standards of Internal Auditing PC software proficiency (e~mail, word processing, spreadsheet creation and manipulation, researching)
- Develops test plans, performs audit test work and guides/supervises staff to appropriate testing strategies
- Attends the audit exit meetings for report findings with management to inform them of exceptions that were found and recommend for corrective action
- Prepare working papers for discussion with the Engagement Manager
- Participate in pre-audit surveys, assemble and analyze operational and financial data and identify areas for subsequent audit
- On larger projects, may direct daily activities of assigned auditors, monitor work progress, provide guidance and adjust assignments when necessary
- On larger projects, may direct daily activities of assigned auditors, monitor work progress, provide guidance and adjust assignments as necessary
- Perform controls testing and substantive audit work to a standard that may be relied upon by the external auditors for their statutory financial audit
- May function as lead on some projects
- May assist in training other auditors on specific audit areas
Qualifications for financial auditor
- Total of 6 years experience in the field of federal financial assistance
- Knowledge of the SSAE No
- CPA certification required within 2 years
- Relevant professional experience in a professional audit or tax role
- At least 2 years of experience as an Auditor with at least 2 years of specialized knowledge
- Demonstrates ability to understand process control and effectively apply procedures for control evaluation