Lead Internal Auditor

The purpose of this position is to provide independent advice, objective and reasonable assurance and consulting activities designed to add value and improve the organization’s operations by strengthening risk management, internal controls, compliance and governance.

You will use a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, internal control, and governance over financial reporting, safeguarding of assets, and compliance with laws and regulations. You will conduct proactive fraud audits to identify potential fraud risks, participate in fraud investigations, and perform post-investigation reviews to identify control deficiencies and assess the severity and financial impact of any losses. You will plan, develop, and implement appropriate risk-based audit approach strategies and perform internal audit services within DEED.

The position will also assist the Agency Internal Audit Manager in the development of a comprehensive internal control structure for financial reporting, federal compliance, and general business operations and will provide advice and consultation on accounting/audit related matters to help the agency improve financial and business operations and internal controls. Audits may include, but are not limited to, internal controls and compliance, financial records, cash management, grantees/sub grantees or subrecipients, special investigations, segregation of duties, account codes, appropriate taxation, compensating controls, incompatible functions, program evaluation, loan files, write-offs, and vendors/contractors. Testing of financial records such as Accounts Payable vouchers is part of the audit process.

This position is telework eligible. Staff are provided with the tools and equipment to be successful in a virtual work environment. Please note, the telework policy could change with notice based on business needs.

This position requires occasional travel.

This posting may be used to fill multiple positions.

Minimum Qualifications

Please ensure that your resume clearly describes your experience in the areas listed and indicates the beginning and ending month and year for each job held. Only applicants whose resumes clearly demonstrate fulfillment of each of these minimum qualifications will be considered for this position.

Four (4) years* of experience in internal or external financial audits with responsibilities over planning and execution of audit engagements including but not limited to; conducting field work, preparing audit work papers, drafting audit reports, conveying results, making recommendations to control deficiencies and improvements to enhance internal controls within the last five (5) years.

*Bachelor’s degree in Accounting, Finance, Management Information Systems or Business (with an accounting concentration), or other closely related field as determined by the agency may substitute for one (1) year of experience; master’s degree substitutes for eighteen (18) months of experience; PhD substitutes for twenty-four (24) months of experience.

Applicants that meet the above minimum qualification will be further evaluated on the following:

• Experience leading, conducting, and/or responding to financial, compliance, and performance audits; conducting investigations; and performing risk assessments and process improvement related to internal controls over financial reporting.
• Experience analyzing financial statements and/or using reporting tools to develop reports and interpret data.
• Experience with interpreting state and federal laws, regulations, and policies, including working directly with federal agencies, regulators, auditors, or inspectors.
• Experience applying generally accepted accounting principles (GAAP), Generally Accepted Auditing Standards (GAAS), as well as American Institute of Certified Public Accountants (AICPA) standards for attestation engagements, including preparation and review of audit reports and related documentation.
• Experience managing internal and external relationships with agency staff, clients, grantees, stakeholders, and other state agency representatives.
• Ability to communicate complex financial and audit issues effectively to diverse audiences, including executives and regulators.

Working together to improve the state we love.

What do Minnesota's State employees have in common?

• A sense of purpose in their work
• Connection with their coworkers and communities
• Opportunities for personal and professional growth

Benefits

As an employee, you'll have access to one of the most affordable health insurance plans in Minnesota, along with other benefits to help you and your family be well.

Your benefits may include:

• Paid vacation and sick leave
• 12 paid holidays each year
• Low-cost medical, dental, vision, and prescription drug plans
• Fertility care, including IVF
• Diabetes care
• Dental and orthodontic care for adults and children
• 6 weeks paid leave for parents of newborn or newly adopted children
• Pension plan that provides income when you retire (after working at least three years)
• Employer paid life insurance to provide support for your family in the event of death
• Short-term and long-term disability insurance that can provide income if you are unable to work due to illness or injury
• Tax-free expense accounts for health, dental, and dependent care
• Resources that provide support and promote physical, emotional, social, and financial well-being

Support to help you reach your career goals:

• Training, classes, and professional development
• Federal Public Service Loan Forgiveness Program (Some positions may qualify for the Public Service Loan Forgiveness Program. For more information, visit the Federal Student Aid website at studentaid.gov)

Employee Assistance Program (EAP) for work/life support:

• A voluntary confidential program that helps employees and their families with life challenges that may impact overall health, personal well-being, or job performance
• Common sources of stress can be addressed through the EAP: mental health, relationship challenges (personal and work), grief and loss, finances, and legal issues
• Daily Living/Convenience Services: Chore services, home repair, trip planning, child/elder care

Programs, resources and benefits eligibility varies based on type of employment, agency, funding availability, union/collective bargaining agreement, location, and length of service with the State of Minnesota.