PHEAA is seeking an Auditor to join their team. Under general supervision, this role is responsible for conducting independent and objective risk based audits of a division, department, or activity within the Agency in order to identify potential risks, deviations from policies; procedures; regulatory requirements or industry standards, and add value to the Agency by recommending enhancements to operations.
SALARY: Commensurate with Experience
OPERATIONAL, COMPLIANCE, FINANCIAL AUDITS
Under general supervision and with limited assistance, an individual in this position should be able to:
- Perform operational, financial, and/or regulatory, compliance audits as assigned and in accordance with the Internal Audit Department’s methodology and established auditing
- Review accounting practices by analyzing financial transactions and accounts, financial statements and applicable agreements, contracts, and cost
- Conduct audits to determine level of completeness, accuracy, and compliance to federal and state
- Review Federal or State laws, rules, regulations, policies, procedures, contracts, and prior work to become familiar with the audit
- Attend meetings/walkthroughs with management and department staff of an assigned audit area to gain an understanding of the respective processes and the controls governing the assigned audit
- Assist in the development of process narratives based on the information obtained during walkthroughs of process areas.
- Attend risk assessment meetings and planning discussions to define audit scope and objectives and develop audit programs based on the defined
- Assist in the development of testing lead sheets for those areas assigned.
- Assist in making recommendations to identify and improve the effectiveness of risk management, control, and governance processes.
- Perform audit procedures relative to the assigned audit.
- Assist with drawing conclusions and providing recommendations in a clear, concise, and constructive manner, both orally and in writing.
- Document results in the audit work papers.
- Document audit findings and recommendations to present to management, including recommendations to the design or modification of internal control
- Conduct follow-up work, as necessary, to evaluate remediation efforts that have occurred relative to previous audit
- Ensure the effective accomplishment of audit assignments to help support the completion of the Internal Audit
- Provide assistance to external auditors, as necessary, and build professional business relationships.
- Keep track of and accurately report time spent by self on a weekly
- Keep current with the Internal Audit Methodology.
- Keep up-to-date and increase knowledge in the areas of auditing, business, organization initiatives, and obtain/maintain professional
- Complete self-evaluations at the conclusion of each assigned audit in order to receive continuous feedback from Management.
- Other duties as assigned.
- Minimum Qualifications: Bachelor’s degree in accounting, finance, or other related discipline and zero to two years of auditing experience.
- Knowledge of the concepts, theories, principles, and practices of accounting and auditing, including internal control concepts.
- Knowledge of Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (GAAS), Standards for the Professional Practice of Internal Auditing, and Governmental Accounting Standards Board (GASB).
- Ability to adhere to and promote audit
- Strong analytical and communication skills, both written and oral, and organizational
- Ability to develop and maintain effective working relationships with individuals with whom they are working during the audit process.
- Proven ability to meet established milestone due dates, self-imposed or
- Proficient with Microsoft Office
- One plus years of experience in auditing and/or other work experience in the financial service
- In pursuit of or in possession of a professional designation (e.g., CPA, CISA, CIA).
- Knowledge of Consumer Regulations and Higher Education