National Western Life Insurance - Austin, TX
posted 1 day ago
About the position
The Senior Internal Auditor, as an integral member of Prosperity's Internal Audit Department, is responsible for performing risk-based assessments and other consulting activities designed to add value and improve operations, which provides management, as well as Prosperity's Audit Committee, with assurance in regard to the effectiveness of Prosperity's risk management, control and governance processes. Under the guidance of the Manager, Internal Audit and other Internal Audit team members, the Senior Internal Auditor will help determine whether departments are performing their planning, accounting, custodial and control activities in compliance with applicable policies and procedures, compliance requirements and business plans. The Senior Internal Auditor will exercise appropriate discretion and independent judgment to assist in the determination that corporate and departmental objectives are being met, that audit findings are reported objectively and assists management in developing action plans that adequately address any audit concerns identified.
Responsibilities
- Develop an understanding of management's objectives, processes, and related internal controls for each functional area reviewed and create related audit plans and programs.
- Lead/conduct audit test procedures outlined in the audit plans and programs.
- Document the results of audit testing and evaluate the effectiveness of management's risk management, control and governance processes, developing recommendations for improvement where warranted.
- Identify areas of higher risk within units/departments being audited and identify related controls.
- Obtain a thorough understanding of critical risks and controls established by management and document related procedures using narratives and/or flowcharts.
- Complete Internal Audit's Risk Assessment and document related risks and compensating controls.
- Provide Internal Audit management with organized documentation for risk assessments completed.
- Create audit programs and develop audit tests as assigned that will provide evidence as to how well key controls are functioning.
- Exercise professional independent judgment to identify deficiencies and opportunities for improvement.
- Develop audit findings/recommendations that describe condition, criteria, deviation, effect or impact and management's action plan.
- Prepare initial drafts of written observations for inclusion in the internal audit report.
- Maintain regular contact with the audited areas, keeping them informed of audit progress and any issues identified to date.
- Stay current on company initiatives and emerging issues, initiating evaluation of potential risks and how they are managed.
- Work with Vice President-Internal Audit in reporting risk assessment and audit findings to management, answering management questions regarding risks and controls over the audited area.
- Obtain responses from appropriate Company officers that address audit findings and document action plans designed to address audit concerns.
- Assist Vice President-Internal Audit in consulting with management on risks, controls, and ideas on how to strengthen financial, operational and compliance controls.
- Complete special projects/reports as requested by management.
- Work within established budgets, timelines, and milestones for each audit assignment.
- Monitor progress against budget and schedule, informing the Vice President-Internal Audit of any deviations and working with management to develop corrective action plans.
- Provide guidance/supervision of assigned staff members in the understanding of functional areas being audited, completion of audit testing, and summarization/reporting of results.
Requirements
- 3-6 years of experience using audit techniques and methodologies required.
- Commitment to continuous learning and professional development.
