Internal Audit Manager Job Description
Internal audit manager
provides internal advisory services to business, financial, operational and compliance stakeholders in issue resolution and solution formulation to enhance and improve systems, controls and processes.
Internal Audit Manager Duties & Responsibilities
To write an effective internal audit manager job description, begin by listing detailed duties, responsibilities and expectations. We have included internal audit manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Implements key department strategy tracks (People, Risk, Customer and Operating Effectiveness)
Performing training needs analyses to support implementation of a robust skill and competency framework and a formal department-wide training and development curriculum
Supporting audit teams to help continuously improve their understanding of the internal audit methodology, department's systems and processes
Manage the overall audit process with the external auditors and other outside 3rd parties needed
Assist the Director with coordinating departmental work schedules to meet deadlines
Actively manage the audit process to ensure timely execution of risk-based operational, financial, and compliance audits in accordance with the annual audit plan
Report audit results to management and recommend changes in or improvements to operations and financial activities
Develop training and development plans for staff, and provide on the job training for senior auditors
Evaluate the performance of and provide timely feedback to staff after the completion of each assignment
Ascertain the reliability and effectiveness of financial reporting systems and management data
Internal Audit Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Internal Audit Manager
List any licenses or certifications required by the position: CIA, CPA, CISA, CFE, CISSP, MBA, CA, IIA, CAMS, CIIA
Education for Internal Audit Manager
Typically a job would require a certain level of education.
Employers hiring for the internal audit manager 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, Education, Business/Administration, MBA, Auditing, Military, Information Technology, Economics
Skills for Internal Audit Manager
Desired skills for internal audit manager include:
Ability to create
Ability to leverage that information in creating customized customer solutions
Ability to manage the major responsibilities
Accountabilities
Department
Evaluate and enhance processes in internal controls
Implement
Organization of the Audit and Compliance function
Values and practices that align customer needs and satisfaction as primary considerations in all business decisions
Ability to utilize tools
Desired experience for internal audit manager includes:
Ensure compliance with established policies, procedures, laws and regulations
Respond effectively to management requests for special audit projects, Model Audit Rule (“MAR”) support, and investigations
Bachelor or Master Degree in accounting or finance
Qualified member of ACCA / HKICPA / CIA
Minimum 6 years of relevant experience from Big 4 and sizable Multinational Corporate
Assist in developing new audit programs in response to changing risk environments
Internal Audit Manager Examples
1
Internal Audit Manager Job Description
Job Description Example
Our growing company is looking to fill the role of internal audit manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for internal audit manager
- Be responsible for performing and overseeing aspects of our internal audit activities that encompass planning, execution, and reporting that drives results, accountability and the perception of real value
- Operate as a full-time ambassador and champion of the Internal Audit vision and strategy by demonstrating support and actively communicating with the team and the business
- Review the firm's prior audit plans, approach, methodology, test steps, workpapers, findings, reports and other pertinent information
- Conduct interviews and process walk-throughs with personnel
- Select testing samples based on the firm's sampling methodology
- Review test results with management
- Results – effect change without direct responsibilities
- Ensure that they have an in-depth understanding of the key priorities, risks and challenges facing the business units within their responsibility, those for the Group overall
- Assist in the planning, management and execution of allocated audits
- Develop and maintain relationships with management in order to remain informed of developments that affect the control environment
Qualifications for internal audit manager
- Proficiency in preparing clear and concise PowerPoint presentations
- Understanding of financial systems and related processes
- Previous balance sheet account reconciliation audits with experience in performing substantive testing of same for the external auditors as requested
- Experience in COSO 2013 implementation activities and principles mapping
- Minimum five years experience in accounting or auditing, including supervisory experience
- Previous experience in assessing risks surrounding transformation initiatives and major system implementations
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Internal Audit Manager Job Description
Job Description Example
Our innovative and growing company is hiring for an internal audit manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for internal audit manager
- Ensure that the results of the work performed by the team collectively
- Identify key financial, IT, operational and compliance risks and assess the adequacy of controls in place to mitigate risk
- Monitor and ensure that COB&R internal audit team follows audit processes to include conducting interviews, documenting evidence, and preparing analysis memoranda, and worksheets
- Identify non-compliance issues for corrective action and providing recommendations for process improvement
- Supervise and review COB&R internal audit team’s performance
- Provide guidance internal audit planning and review audit work papers, evidence, and reporting
- Review and monitor audit document flow and schedules for each audit
- Ensure that adequate planning, sufficient work papers, and concise reports are produced to address the objectives for each audit or analytical review
- Interface with management team to facilitate audits, corrective actions, and other communication as required
- Manage the progress of annual audit plan by delegating and supervising assignments of the COB&R internal audit team to ensure that audit objectives are accomplished on a timely basis
Qualifications for internal audit manager
- Opening meetings with management, providing a clear briefing on the scope of audit work
- Assist in monitoring and ensuring the Capability Maturity Model Integration (CMMI) compliance for the COB&R contract
- Incorporate CMMI process area review items into planned audits
- Test the compliance of CMMI process improvement standards in all aspect of COB&R prime and subcontractor operations
- Monitor and facilitate the progress and closure of corrective and preventive actions
- Assist the Quality Assurance team in identifying process improvements for the COB&R contract
3
Internal Audit Manager Job Description
Job Description Example
Our growing company is looking to fill the role of internal audit manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for internal audit manager
- Collaboration with external auditors, overseeing third party audit activities
- As Internal Audit Manager you will have a professional and proactive approach to internal audits
- Performance and supervision of audits, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting processes and procedures
- Communicating the results of audit and consulting projects via written reports and oral presentations to senior management
- Providing input and assistance with the development of the annual audit plan
- Performance of workpaper reviews and development of review notes for supervisor, staff and senior audit associates
- Establishing effective business relationships within the company and assist management in the understanding and adaptation of internal control principles
- Management and oversight for assigned audit associates
- Monitor the effectiveness of remediated activities and work with the business to ensure any residual risks are addressed
- Maintain technical expertise and apply leading practices in audit
Qualifications for internal audit manager
- Qualified membership of recognized professional accounting body, prefer candidates with Big 4 background (at least 3 years)
- Preferably 5 years of internal audit experience, highly prefer candidates with Retail or FMCG audit experience
- Previous public accounting experience nice plus
- 10 years experience within a buy side organisation ( Asset/ Investment Management) or from Private Equity / Sovereign Wealth back ground
- CPA /ACCA / CIA / CFA
- Extensive experience across conducting front to back audits
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Internal Audit Manager Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of internal audit manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for internal audit manager
- Own the planning and execution of operational audits in distribution centers, stores, and home office
- Manage and conduct various compliance, financial, regulatory, cost recovery, and IT audits in accordance with the departmental audit plan
- Assist with international/global-related audit efforts
- Develop and perform audit plans and programs, fieldwork and reports for assigned audit engagements
- Manage the scheduling and utilization of external resources and Subject Matter Specialists
- Manage the scheduling of projects and resources to achieve high productivity and appropriate coverage for each audit assignment
- Identify and communicate internal control opportunities, efficiency recommendations, profit improvement ideas, and value-added recommendations
- Manage the follow-up activities for issues identified during each audit engagement
- Assist in formulating the annual audit plan and reports for the Audit Committee, periodically present results to the Committee
- Create and maintain good communication lines and partnerships with other areas of the Company
Qualifications for internal audit manager
- Bachelor’s degree in Accounting, Finance, Computer Science or Information Systems
- CPA, CIA, or CISA professional certification is highly preferred
- Seven or more years of progressive experience in finance/accounting and proven experience in internal audit
- Working knowledge of computer assisted audit techniques and automated audit software.
- Willingness and ability to travel both domestically and internationally, estimated at 25% annually
- Multi-location experience (at least 10 locations) in mid to large sized manufacturing company
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Internal Audit Manager Job Description
Job Description Example
Our company is looking to fill the role of internal audit manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for internal audit manager
- Supporting and coaching more junior members of the team
- Design audit programs to test existing controls for accounting, finance and operations
- Perform the tests outlined in the audit program and document the findings
- Direct involvement and interaction with all members of the organization
- Summarizing the findings in a written report format to be provided to executive management, external audit and others
- Follow up to verify that weaknesses identified during the audits were mitigated
- Document new procedures to improve efficiency and internal controls
- Assist in the creation of a policy and procedure manual to be utilized by the on-site property managers
- Assist in the decision making process for identifying and implementation of new software acquired to make accounting and operations more efficient
- Assist with various fraud audits and designing controls to mitigate fraud from occurring again in the future
Qualifications for internal audit manager
- Strong understanding of accounting and operational controls, company operations, and the IIA standards
- General knowledge of retail and digital commerce
- 15-25% travel is required, including international travel (travel may increase as company global expansion increases)
- High degree of proficiency with standard Microsoft Office products
- Strong analytical, budgeting, project management (from conception to completion) & planning skills
- Must have a bachelors in Accounting or Finance