Senior Manager Internal Audit

We are seeking an experienced Manager of Internal Audit and Compliance to join our team. This critical role will oversee and manage internal audit processes, ensure compliance with government regulations, and provide strategic guidance to mitigate risks and ensure the organization adheres to all applicable laws, policies, and contractual obligations.

The ideal candidate will possess strong leadership skills, deep knowledge of internal audit framework, government contracting regulations, audit, risk, controls, and a proven track record of driving compliance excellence while managing risks across various functions.

Responsibilities:

Audit Management

• Lead and manage internal and assist external audit activities, including planning, execution, and reporting. Coordinate with internal auditors and external auditors and government agencies to ensure that audits are conducted in a timely and efficient manner.
• Perform data analytics scope including collection of data, analyze data to identify trends, patterns, anomalies, and extra meaningful insights. Perform other internal audit scope as determined by management or audit committee.

Assist with DCAA and third-party government audits (audit selection review and coordination);

• External audit scope includes provisional indirect rates audit, incurred cost audit (ICA), true up audit, and compliance audit (Single Audit)

Compliance Oversight

• Ensure compliance with federal, state, and local regulations, including the Federal Acquisition Regulation (FAR), Defense Contract Audit Agency (DCAA) regulations, and other relevant industry standards.
• Ensure complete and accuracy of billings, and evaluating cost compliance in accordance with contractual requirements and all Government regulations

Risk Management

• Identify, assess, and manage potential compliance, financial, operational, and regulatory risks. Develop and implement strategies to mitigate risks and ensure the organization is protected from potential liabilities.
• Lead risk assessments and collaborate with various departments to evaluate and address emerging risks across the organization.
• Develop and implement corrective actions to mitigate risk exposure, including enhancing internal controls and refining business processes.

Policy and Procedure Development

• Develop, review, and update compliance and risk management policies and procedures to ensure alignment with current regulatory requirements, industry best practices, and organizational goals.
• Ensure that all policies are consistently followed across the organization.

Training and Guidance

• Provide training and guidance to staff at all levels regarding audit, compliance, and risk management requirements.
• Ensure the organization remains informed of new or evolving regulations and industry standards.

Reporting and Communication

• Prepare comprehensive audit, compliance, and risk management reports for senior leadership, audit committee, highlighting key findings, risks, and recommendations for corrective actions.
• Communicate effectively with internal and external stakeholders regarding compliance and risk matters.

Continuous Improvement

• Identify areas for improvement in internal controls, risk management processes, and audit methodologies.
• Drive initiatives to enhance operational effectiveness, efficiency, and compliance.

Internal Risk Monitoring

• Monitor ongoing projects and operations for risk-related issues, identifying areas where the company may be exposed to non-compliance, financial risks, or operational inefficiencies.
• Develop action plans to address those issues proactively.

Collaboration with and reporting to Senior Leadership

• Work closely with senior leadership to ensure the alignment of risk management strategies with overall business objectives and to help drive a culture of compliance and risk awareness throughout the organization.
• Work cross functionally with PMO, Procurement, Contracts, Legal, business stakeholders, and customers to resolve issues.
• Provide guidance to internal stakeholders on cost allowability matters, compliance with FAR, CAS and other applicable Federal regulations; identifying unallowable cost according to government rules and/or contract terms; researching guidance when necessary

Key Qualifications and Skills:

• Minimum 12 years’ experience in an Internal Audit or other relevant position
• Undergraduate degree in Finance or Accounting
• Analyze and evaluate the effectiveness of internal controls, accuracy of financial records, and operational efficiency to support informed decision-making by management.
• Review accounting and statistical records across departments and conduct interviews to ensure accurate transaction recording and compliance with relevant laws and regulations.
• Assess the efficiency and integrity of accounting systems, identifying opportunities to enhance their protective and functional value.