Internal Auditor

Position Summary::

Oversees financial, regulatory, compliance and other required audits. Monitors the organization’s adherence to laws, regulations, contracts, policies, and procedures. Ensures that business risks are effectively managed. Performs and supervises professional accounting work involving the accurate compilation, preparation, and maintenance of financial data and records in accordance with Generally Accepted Accounting Principles.

Criteria: Education/Experience:

Bachelor’s degree in accounting and at least 10 years of progressively responsible experience in accounting, including at least three years of supervisory experience. Requires a minimum of two years of prior audit experience.

Skills/Abilities:

Must have strong microcomputer skills and demonstrate a high level of competence in spreadsheet and accounting software applications. Must possess excellent verbal and written communication skills, including the ability to work well with others. Demonstrated leadership skills and organizational/analytical ability also required.

Physical Demands:

The ability to use a computer keyboard effectively. The ability to orally communicate by phone and person to person. The ability to see and read printed material.

Work Environment:

Indoor office conditions.

Driving:

Must have and maintain a valid Tennessee Class “D” license.

Telephone:

Must maintain an operating telephone and furnish the number to his/her supervisor.

Essential Functions: Audits

- Plans various financial, compliance, and operational audits, including coordination with external auditors regarding timing, fee structure, audit staff requirements, etc.

- Responsible for communicating audit results and formulating recommendations for corrective actions determined by audit findings.

- Performs preparatory testing and evaluations prior to audits and remediates any necessary processes.

- Responsible for drafting the audit report submitted to the state and the TVA report.

Internal Control

- Maintains an inventory of existing controls and a system for continuous review of operations.

- Identifies areas of control weaknesses, reports findings and recommendations to Senior Management, and monitors corrective actions.

- Assists Senior Management in developing, maintaining, and revising policies and procedures for the general operation of the business.

- Performs independent reviews to ensure that compliance allegations are appropriately investigated and resolved.

- Evaluates current procedures and practices in order to recommend ways to maximize efforts to ensure efficient and cost-effective operations.

Technical Research

- Leads in accounting research and provides technical accounting guidance for the organization.

- Monitors changes in the industry climate, reports applicable changes in GAAP, GASB, etc., and assesses the impact on the organization.

- Engages in industry associations to stay abreast of current financial issues.

- Oversees the design and preparation of periodic reports to monitor business operations and the achievement of business objectives.

Risk Analysis

- Evaluates changes in company activities and procedures to ascertain key business risks.

- Coordinates the development of action plans to address business vulnerabilities and weaknesses.

- Assists Senior Management and functional Vice Presidents in planning strategies and tactical responses.

General

- Coordinates processes with other workgroups throughout the company, external auditors, financial institutions, vendors, customers, etc.

- Processes information on journal entries, daily cash, routine journals, and periodic reports related to earnings, taxes, benefits, etc.

- Analyzes and reconciles various sub-ledger accounts with the general ledger.

- Ensures timely maintenance of the chart of accounts system.

- Monitors and supervises the plant accounting function, including work order closings, retirements, material issues and returns.

- Compiles and reviews various reports for management and outside sources (i.e. – monthly financial reports, annual reports, etc.).

- Performs additional duties as requested.