Director of Internal Audit

Arkansas Children's Hospital Northwest•Little Rock, AR

About The Position

Responsible for all aspects of the internal audit function, including planning, organizing, staffing, directing, and controlling all audit activities. Responsible for directing Audit Services Department activities which include assessing business risks associated with corporate strategies, objectives, and operations; performing independent evaluations of vital processes, programs, and functions for the company and its subsidiaries and developing audit recommendations that improve operations and respond to risk; and monitoring the effectiveness of key internal controls throughout the organization.

Requirements

Master's Degree
7 years of Accounting experience with 5 years of leadership experience
1 of the following certifications is required: Certified Internal Auditor (CIA) - Institute of Internal Auditors (IIA) or Certified Public Accountant (CPA) - Arkansas State Board of Public Accountancy

Nice To Haves

Certified Information Systems Auditor (CISA) - Information Systems Audit and Control Association (ISACA)

Responsibilities

Conducts an annual comprehensive risk assessment and uses the results to develop and implement a comprehensive risk-based, prioritized audit plan that reflects a thorough understanding of the company’s business and operations.
Provides reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organization’s objectives and goals to be met. Maintains a comprehensive insight into the organization’s current and emerging risk profile and monitors future risk changes to the organization based on political, economical, social, environmental, legal or technological factors and their potential impact. Contributes to the development of risk oriented culture within the organization. Ensures internal audit activities are aligned with and enhances the organization’s enterprise risk management strategy and risk profile.
Reports audit results and recommendations to the appropriate auditees and management in a timely manner. Discusses audit findings and their impacts professionally and confidently with appropriate levels of the organization. Delivers information in a structured fashion to foster learning and development among members of the audience. Organizes and expresses ideas clearly and with confidence in order to influence others.
Reports issues and internal controls deficiencies identified directly to the audit committee and provides recommendations for improving the organization’s operations.
Coordinates the agenda for the Audit Committee of the Board of Director meetings, preparing materials and publishing minutes of Audit Committee meetings.
Oversees management's formal responses to audit findings and recommendations to ensure that the action plans will address the deficiencies.
Coordinates with the external audit firm and the accounting department regarding the annual financial statement audit and provides resources of the Audit Services department as agreed upon by the Audit Committee.
Allocates department resources to facilitate the effective and efficient accomplishment of audit objectives and supports personnel development.
Creates functional strategies and specific objectives for Audit Services department and develops budgets/policies/procedures to support the audit function infrastructure.
Ensures the internal audit function practices in conformance with the Institute of Internal Auditors International Professional Practices Framework (Standards). Maintains independence in all audit work. Adheres to strict confidentiality as required by the IPPF.
Full authority of personnel actions.