Welcome Back,

Career Opportunity: Internal Auditor

Job Title
Internal Auditor
Organization
Golden State Farm Credit, ACA
Location
Chico, California
Department
Experience Level
Entry Level (1-4 years)
Supervisor's Title
Audit Committee Chair
Category
Administration, Human Resources and Legal
Salary Range
DOE, depending on experience
Posted Date
Friday, July 14, 2017
Closing Date
Open until filled
Job Description

Position Summary

The Internal Auditor’s primary responsibility is to implement and manage an internal/external audit program for the Association. They provide review and appraisal of the soundness, adequacy, effectiveness, efficiency, and proper application of credit, accounting, financial, and operational controls.  The Internal Auditor maintains compliance standards and works with the Farm Credit Administration, CoBank, external auditors, and regulations while working closely with the CEO, COO, the Board of Directors, Audit committee, and staff and reports to the Audit Committee Chair. 

Essential Functions

  • Audit Plan Management and Board Reporting
    • Works with the Audit and Risk Committee as well as management to develop a comprehensive Association risk based annual audit plan and internal audit program.
    • Provides periodic updates and issues reports stating conclusions or recommendations to the Board of Directors, Audit Committee, and other appropriate levels of management.
    • Conducts special projects, examinations, and other duties as assigned by the Audit Committee and management.
  • Audit Coordination
    • Coordinates internal and external examination activities which will include auditors from Farm Credit Administration, CoBank, and other third parties as contracted with the Association.
    • Formulates practical internal audit functions to be incorporated into operations.
    • Reviews and appraises the soundness, adequacy, effectiveness, and proper application of credit, accounting, financial, and other operating controls.
    • Determines the extent of compliance with these controls and other established policies, plans, and procedures.
    • Schedules audits to ensure that each area of the organization is audited regularly based upon risk assessments, initiating spot audits as needed.
    • Directs internal security and loss investigations.
    • Conducts follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
    • Maintains the Association audit log and works closely with process owners to remedy gaps in controls and confirm that corrective action plans are followed.
  • Association Credit and Operational Analysis
    • Determines that Association assets are accounted for according to GAAP and FCA regulations.
    • Ensures assets are safeguarded from losses of any kind.
    • Determines the reliability of management's financial data developed within the Association.
    • Determines reliability of internal credit review program for reporting loan quality, identifying and measuring loan losses.
    • Evaluates overall quality of credit administration practices and procedures.
    • Determines compliance with applicable laws, regulations, and district policies such as lending procedures and borrower’s rights.
    • Plans and executes testing plans over Internal Controls over Financial Reporting (ICFR) consistent with Section 404 of the Sarbanes-Oxley Act (SOX 404). Serves as a resource to maintain adequate SOX 404 documentation.
  • Data Security and Confidentiality
    • Appropriately protects the confidentiality, security, and integrity of the Association’s systems and data and clients’ data.
  • Commitment and Support of Association Mission
    • Understands, applies, and supports the Association mission and vision statement in a positive, professional manner at work and with customers in all settings.

Knowledge and Skills

  • Knowledge of the agriculture, financial and real estate industry, and applied business mathematics and principles.
  • Knowledge of Microsoft Office Suite, computers, current software, and other office tools.
  • Ability to effectively read, write, and communicate in the English language.
  • Skill in serving and working effectively with both external and internal customers in a professional, respectful manner.
  • Skill in analyzing information and problem solving to formulate logical and objective conclusions.
  • Skill in providing guidance, advice, and information to staff to achieve Association goals.
  • Knowledge of current audit theories and practice standards, general accounting and auditing practices and techniques.
  • Ability to formulate comprehensive audit reports and present findings/results to the Audit Committee and other parties inside and outside of the Association.
  • Ability to compile and organize large amounts of data in a detailed fashion
  • Proven knowledge of auditing standards, procedures, laws, rules and regulations.
  • Ability to work independently, with minimal supervision, and interact with management professionally.
  • Significant knowledge of the financial and accounting applications and financial operations controls
  • Skill in being diplomatic, provide constructive feedback and work closely with departments to resolve auditing issues.
  • Understanding of risk assessment and issues that will impact the Association.
  • Ability to adapt quickly to change and multi-tasking.
  • Knowledge of reading and writing policies and procedures.

Qualifications

  • Education: Bachelor's Degree in Agriculture, Agribusiness, Business, Finance, Accounting, or a related field
  • Experience: 3-5 years of experience in conducting and managing audits, some supervisory experience or in a position that required audit compliance, communication with internal and/or external auditors.
  • Certifications (preferred): Certified Public Accountant License, Certified Internal Auditor License
  • Or an equivalent combination of education and experience sufficient to perform the essential functions of the job

Physical Demands

Positions in this class requires:  typing, talking, hearing, seeing, and repetitive motions.  May be required to lift up to 10 pounds, carry, push, pull or otherwise move objects while completing essential functions.  This position is comprised of sedentary work which involves sitting at a computer a majority of the workday; walking and standing are required only occasionally. The employee is required to have close visual acuity to perform activities such as: preparing and analyzing data and figures, viewing a computer screen, and/or reading extensively.

Working Conditions

Employees work in an office environment with moderate noise levels, controlled temperature conditions, and no direct exposure to hazardous physical substances. Employees may interact with upset staff and/or public and private representatives in interpreting and enforcing departmental policies and procedures. This position requires approximately 30% travel time.

Note

The above statements are intended to describe the general nature and level of work being performed by associates assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time as needed. Golden State Farm Credit is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or disability, or any other characteristic protected by law.

Applicants are required to submit a Golden State Farm Credit application to be considered for the position. Resumes and other documents may be attached and submitted as a supplement to the application.

 

Contact Person
Human Resources Department
Contact Phone
5305714160