Internal Auditor

TITLE:  INTERNAL AUDITOR
 
This position provides analyses and assessments in line with the IFDC Internal Audit Risk Assessment that add value to IFDC’s operations. The audits of institutional and program financial records determine compliance with donor and/or IFDC regulations and procedures. The activities of the Internal Auditor are guided by the audit plan and the audit charter.
 
Specific duties may include:
 
DUTIES

  • Directing a comprehensive internal audit program at major IFDC offices (Headquarter, Regional- and larger Country Offices,) to include financial performance, operational, and compliance audits.
  • Providing audit services to IFDC management and IFDC project management and donors if so required.
  • Developing the three-year annual internal audit plan based on the entity wide risk assessment and input from management and the Board of Directors’ Audit Committee.
  • Conducting special investigations to detect fraud, embezzlement, and or willful manipulation of funds or records:
    • Conducting audits/special studies such as the following: Evaluating and improving the effectiveness of risk management, control, and governance processes including investment policies and security of assets in the U.S. and abroad
    • Assessing the efficiency of operations that pertain to corporate, division and project-specific financial and administrative functions, including compliance with donor requirements and Generally Accepted Accounting Principles (GAAP) in financial reporting)
  • Providing recommendations to management and the Board of Directors’ Audit Committee regarding internal controls and safeguards, regulatory and donor/legal compliance and changes to policy and procedures.
  • Performing assessment of accuracy and efficiency of financial planning processes
  • Directing the activities of local audit consultants or IFDC employees to perform audit activities in field offices.
  • Manage, evaluate, and attend whistle blower cases and complaints that are logged into the IFDC Ethics Point platform.
  • Performing a variety of other related duties as required
 
 
JOB REQUIREMENTS
This position requires a thorough knowledge of accounting, operational procedures, and financial investigative techniques to assess the internal controls and financial and administrative record keeping of the Organization for compliance with standard practices and procedures.This job may require the following:
  • Thorough knowledge of accounting practices and procedures for nonprofit organizations, familiarity with respective guidelines (e.g., 22 CFR 226 and OMB Circulars A110, A122, and A133) that are involved with project management (e.g., ability to use this knowledge for analyzing and identifying deficiencies in records to management, keeping management informed of emerging trends and successful practices in internal auditing). Familiarity with USAID contracting and budget management procedures.
  • Knowledge of internal control and risk self-assessment techniques.
  • Working knowledge of banking and finance (e.g., providing advice on investment policies and security of assets).
  • Familiarity with common indicators of fraud.
  • Skills in investigative processes, conflict resolution, and problem solving.
  • Effective verbal and written communication skills, in English and preferably also in French.
  • Ability to establish and maintain harmonious working relationships with staff, and external contacts
  • General knowledge of management practices (e.g., evaluating corporate and institutional efficiencies, identifying financial and legal risks to minimize or eliminate those risks within the organization)
  • Minimum of a Bachelor’s degree in Accounting and/or Business Administration
  • Minimum of 5-10 years of relevant work experience
  • A professional license as a Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) is required
 
 
WORK REQUIREMENTS
The incumbent of this position will use its judgment and resourcefulness on the methods and techniques used in the investigation of suspected fraudulent activity and shall advise management on taking appropriate actions. Establish good working relationships with external auditors and project auditors if such audits are required by donors and support such activities as necessary. 
The position is in Muscle Shoals, AL and the incumbent is expected to live in the vicinity of Muscle Shoals. Working from home is generally not an alternative. While some travel to the regional and country offices might be required, it is expected that most of the audit work is desk audit work in close collaboration with the global finance team.
 
RESPONSIBILITY
This position requires judgment and decision making although the work is guided by strictly defined policies and procedures. This position is responsible for the performance of audits of regional and field offices, which may be conducted through contractors or local employees.  The selection of specific projects/activities for special investigation may be assigned by the President and Chief Executive Officer or Board of Directors’ Audit Committee.  Work needs to be planned according to the Audit Committee approved audit plan, but additional short-term assignments might result from the President and CEO, or COO/CFO.  The Internal Auditor is expected to use good judgement as to reporting observations or issues to the President and CEO for both financial/operational issues and whistle blowing or complaints issues.  
 
 
PERSONAL WORK RELATIONSHIPS
This position reports administratively to the President and CEO of IFDC and operationally jointly to the IFDC Board of Directors’ Audit Committee Chair and the COO/CFO.  Contact is made with staff, Audit Committee Chair, donors, and vendors to monitor, discuss, and review work, policies, procedures, reports; collect information; and perform internal audit investigations.  This position supervises the work of any overseas staff occasionally involved in audit activities or consultants contracted for specific audit projects.
 
 
PHYSICAL EFFORT AND WORK ENVIRONMENT
This position requires working in a normal office environment with no unusual physical demands or exposure to hazardous situation.  International travel may be required.