Senior Internal Auditor

B.F. Saul Company•Bethesda, MD

53d•$100,000 - $120,000

About The Position

The Senior Internal Auditor is responsible for executing operational, financial, and compliance audits across the organization. This role supports the Internal Audit function in evaluating the effectiveness of risk management, internal controls, and governance processes. The Internal Audit Senior leads audit fieldwork, develops recommendations for process improvements, and partners with business stakeholders to enhance control effectiveness while providing independent assurance to management and the Audit Committee. The Senior Internal Auditor supports the real estate investment trust (REIT) and hospitality divisions of B.F. Saul Company. This position will perform assigned audits under the guidance of the Vice President - Internal Audit.

Requirements

Strong understanding of internal control frameworks and risk management principles.
Knowledge of auditing standards and professional practices.
Ability to identify root causes and develop practical recommendations.
Strong analytical, critical thinking, and problem-solving skills.
Excellent written and verbal communication skills.
Ability to manage multiple assignments and meet deadlines.
Proficiency with Microsoft Office applications, including Excel, PowerPoint, and Word.
Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
3 to 5 years of experience in internal audit, external audit, risk management, compliance, or related fields.
Experience conducting end-to-end audits and control assessments.
Experience working with cross-functional stakeholders in a complex business environment.
Experience with SOX 404 compliance programs and internal control frameworks.

Nice To Haves

Understanding of REIT business models, real estate accounting, property operations, and related risks preferred.
Experience with data analytics tools and audit technologies preferred.
Real estate, REIT, property management, construction, or real estate investment industry experience preferred.
Professional credentials, such as Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE) or demonstrated progress toward certification.

Responsibilities

Lead and perform risk-based internal audits in accordance with the annual audit plan.
Conduct walkthroughs, process reviews, and control assessments to identify risks and control gaps.
Develop audit programs and testing procedures aligned with audit objectives and identified risks.
Execute audit testing, analyze results, and document findings with appropriate supporting evidence.
Assess the design and operating effectiveness of financial, operational, regulatory, and technology controls.
Ensure audit workpapers comply with Internal Audit methodology and professional standards.
Evaluate key business risks and emerging risk areas.
Identify opportunities to strengthen internal controls and improve operational efficiency.
Assess management's action plans to address identified control deficiencies.
Participate in enterprise risk assessment activities and audit planning processes.
Execute and support the Company's Sarbanes-Oxley (SOX) compliance program.
Assess and test key controls over financial reporting, including entity-level controls and significant business processes.
Partner with control owners to evaluate changes in processes, systems, and risks impacting SOX compliance.
Assist with deficiency evaluation, remediation validation, and management reporting.
Coordinate with external auditors to support reliance on Internal Audit testing where appropriate.
Evaluate risks and controls related to property management operations, leasing and tenant administration, revenue recognition and rental income processes, capital projects and development activities, property acquisitions and dispositions, and treasury, debt compliance, and cash management activities.
Assess compliance with REIT-specific operational and regulatory requirements.
Review controls supporting key performance metrics and investor disclosures.
Prepare clear, concise, and well-supported audit observations and recommendations.
Draft audit reports and communicate audit results to management.
Present findings and recommendations to business leaders and audit management.
Monitor and validate remediation efforts for audit findings.
Build productive relationships with business and functional leaders.
Serve as a trusted advisor while maintaining independence and objectivity.
Collaborate with external auditors and compliance teams, as appropriate.
Support special projects, investigations, and consulting engagements.
Utilize data analytics and audit technologies to enhance audit coverage and efficiency.
Stay informed of industry trends, regulatory developments, and emerging risks.
Contribute to enhancements of audit methodologies, tools, and analytics capabilities.