What are the responsibilities and job description for the Construction Audit Specialist position at Trinity River Authority of Texas?
ADVANCEMENT OPPORTUNITIES
Manager, Internal Audit
Manager, Accounting
POSITION SUMMARY
The Internal Audit Specialist will be responsible for evaluating and ensuring the financial and operational integrity of engineering and construction projects. This role involves reviewing project budgets, contracts, invoices, and expenditures to verify compliance with contractual terms, industry standards, and regulatory requirements.
ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Create a baseline of current construction projects to accurately monitor the change in projects, completion, and spend.
2. Conduct financial audits of construction projects, reviewing budgets, contracts, and invoices.
3. Verify compliance with contractual agreements, regulations, and industry standards.
4. Analyze cost estimates, change orders, calculation methodologies, and payment applications for accuracy and legitimacy.
5. Compare construction pay estimates, including subcontractor expenses, to supporting documentation to determine reasonableness, allowability, accuracy, and completeness.
6. Identify discrepancies, inefficiencies, or risks in project financials and operations.
7. Review project documentation, including schedules, technical drawings and plans, and progress reports.
8. Verify and validate the accuracy and completeness of Authority reporting on construction activities.
9. Provide recommendations to improve cost management, risk mitigation, and operational efficiency.
10. Prepare detailed audit reports to present findings to management.
11. Collaborate with project teams to address audit findings and implement corrective actions.
SUPERVISORY RESPONSIBILITIES
This position does not regularly provide work leadership or full personnel management to any employees.
FINANCIAL RESPONSIBILITY
No significant financial responsibility.
QUALIFICATIONS
EDUCATION
Bachelor’s degree in Accounting, Business, Finance, Construction Management, or Engineering.
EXPERIENCE
Two years of experience performing reviews of construction related activities and functions such as: contracting, procurement, project management, billings and payments, and project closeout.
CERTIFICATES, LICENSES, REGISTRATIONS
Valid Texas driver's license.
KNOWLEDGE
Proficient with computerized applications and enterprise systems, including word processing, spreadsheet, and presentation software.
SKILLS AND ABILITIES
Ability to learn and adapt quickly, solve complex business problems and identify innovative solutions, and exercise discretion in sensitive situations. Strong communication and interpersonal skills with good conflict management and resolution skills.
GUIDANCE RECEIVED
Follows periodic direct instructions and guidelines, uses policies and procedures that require some interpretation. Problems that cannot be addressed through an existing guideline, policy or procedure are referred to supervisor or more senior position. Incumbent must exercise judgment about whether to escalate issues.
WORKING CONDITIONS
Office environment with occasional fieldwork and travel.
TOOLS AND EQUIPMENT USED
Office equipment including personal computers, printers, copiers, and Authority vehicles.