Internal Audit Analyst (Hybrid-NY)

HF Management Services•New York, NY

1d•Hybrid

About The Position

The Internal Audit Analyst will be responsible for evaluating the existence, sustainability, and operating effectiveness of internal controls over operations and finance related activities. This role requires experience with Sarbanes Oxley (SOX), Internal Control Frameworks and/or Internal Audit, and a strong sense of motivation. The analyst will participate in the identification, rationalization, and evaluation of internal controls, maintain and update internal control documentation, assess the design and operating effectiveness of controls, and support the design and implementation of internal controls across related business areas. They will lead process walk-throughs, employ professional judgment in evaluating control documentation and effectiveness, document and assess internal controls including evaluations and weaknesses, and ensure conclusions are based on a complete understanding of the process, business, and risk environment. The role also involves monitoring remediation of control weaknesses/gaps, providing recommendations for improvements, and driving the completion of assigned tasks, tracking progress, communicating results, adhering to deadlines, and ensuring compliance with IIA Standards and Principles. For Model Audit Rule specific duties, the analyst will test and evaluate the operating effectiveness of MAR related controls, support the evaluation of deficiencies, assist in the preparation of MAR sub-certification packages, and drive the completion of the assigned testing plan.

Requirements

Bachelor degree in Finance, Accounting, Information Systems, or related field
Internal audit or public accounting experience
2+ years of relevant accounting/auditing experience
Good working knowledge of Internal Audit, SOX 404

Nice To Haves

Health Insurance industry experience beneficial
Solid understanding of internal Audit and Control frameworks (e.g., COSO, SOX, MAR principles)
Strong process analysis, risk and control identification, negotiation and problem-solving skills.
Solid organizational skills including attention to details and multi-tasking skills.
Experience performing ad-hoc analysis of financial and operational data.
Ability to work independently, in a fast-paced/changing environment.
Ability to manage multiple projects/priorities.
Excellent communication (verbal, written), presentation skills.
Ability to build and maintain solid relationships across multiple levels of management including communicate with external auditors/consultants.
Excellent understanding of Institute of Internal Auditors (IIA), Committee of Sponsoring Organization (COSO) principles and Internal Control framework.
Ability to maintain confidentiality of sensitive data.
Proficiency in Microsoft Office applications.
CIA, CPA, CISA, CFE, and/or other relevant certification is a plus.

Responsibilities

Participate in the identification, rationalization, and evaluation of internal controls.
Maintain and update internal control / Model Audit Rule documentation, including Flow Charts, Process Narratives, Job Aids, and/or Risk and Control Matrices (RCM).
Assess the design and operating effectiveness of controls to ensure they mitigate identified risks.
Support in the design and implementation of internal controls across related business areas.
Lead process walk-throughs with process, and control/business owners.
Employ professional judgment in evaluating control documentation, evidence and/or adequacy of control adequacy and effectiveness.
Document and assess internal controls including evaluations, control weaknesses/gaps and reporting results as required.
Ensure conclusions are based on the complete understanding of the process, business, and risk environment.
Monitor remediation of control weaknesses/gaps and provide recommendations for operational/process improvements.
Drive completion of assigned tasks including tracking and communicating review progress, results, adhering to deadlines, and ensuring compliance to IIA Standards and Principles.
Test and evaluate the operating effectiveness of Model Audit Rule related controls through the performance of walkthroughs, testing control attributes, documenting results in test sheets and through evidence, etc.
Support the evaluation of deficiencies through impact analyses and other documentation.
Assist in the preparation of MAR sub certification packages.
Drive completion of assigned testing plan including tracking and communicating testing progress, adhering to deadlines, and ensuring testing is MAR and IA compliant.