Internal Audit Manager-City of Detroit

Job Description

Job Title: Internal Audit Manager

Company: City of Detroit

Location: Detroit, MI

Pay: $85561 – 141295 per year

AI Pay Analysis: The annual salary range of $85,561 to $141,295 for an Internal Audit Manager in Detroit, MI translates to an hourly rate of approximately $41 to $68, which is generally competitive within the industry. According to recent salary surveys and labor market data, the median salary for Internal Audit Managers in similar regions typically falls between $90,000 and $120,000. Therefore, the given range is in line with industry standards, particularly considering factors such as years of experience, the size of the company, and the complexity of the audit responsibilities, making it an attractive option for qualified candidates in the area.

Job description:

This position is not classified as a Civil Service role. Employees of the Detroit Water and Sewerage Department (DWSD) are subject to Court Orders issued by the United States District Court for the Eastern District of Michigan, Southern Division, Case No. 77-71100, concerning specific employment terms and conditions. Please note, DWSD does not recognize reversion rights for internal candidates.

The Internal Audit Manager holds a functional reporting relationship to the Board of Water Commissioners and an administrative relationship to the Chief Financial Officer (CFO) for day-to-day operations. This role is responsible for managing the internal audit function and overseeing audit personnel.

The Internal Audit Manager will carry out internal audits and evaluations of all operational functions within DWSD based on the annual risk assessment and audit planning process, along with additional ad hoc requests. Regular evaluations of agency departments and divisions will be conducted to ensure compliance with federal and state laws, city ordinances, and established guidelines, policies, and regulations pertinent to their operations.

Essential Responsibilities:
The Internal Audit Manager is tasked with developing and executing a risk-based internal audit plan, aiding management and the Board of Water Commissioners in adherence to internal control policies and regulatory requirements, and collaborating with management to implement cost-effective, efficient best practices. This role possesses the authority to conduct audits and consulting activities, access necessary data, and enlist assistance from DWSD personnel as needed.

Specific duties include:

• Performing the annual risk assessment and formulating the annual internal audit plan for Board approval.
• Overseeing all audit activities, including those sanctioned through the internal audit planning process and those requested by Board members or Executive Management.
• Crafting audit procedures for each approved internal audit initiative.
• Reviewing records related to accounting, finance, control, and operations to ascertain compliance with established regulations and guidelines.
• Evaluating the efficiency and effectiveness of accounting systems and practices.
• Collecting and analyzing data to identify deficiencies, redundancies, fraud, or non-compliance.
• Conducting interviews and process walkthroughs to gain insights into current policies and workflows.
• Assessing financial and information systems, recommending enhancements to ensure data reliability and integrity.
• Preparing comprehensive audit reports summarizing analyses, conclusions, recommended actions, and management responses.
• Suggesting corrective measures such as modifications to management, financial, and accounting systems and workflows.
• Engaging in special projects and other assignments as directed.

Minimum Qualifications:

Required Knowledge, Skills, and Abilities:

Knowledge of:

• Internal audit principles, compliance, and risk management practices.
• Relevant accounting and auditing standards, including GASB, GAAP, Internal Audit Standards, and GAGAS.
• Federal Single Audit Act regulations and OMB Circular A-133.
• IT auditing standards, such as COBIT.
• Enterprise resource planning systems covering finance, budgeting, and human resources.

Skills to:

• Communicate effectively in writing and verbally, providing actionable recommendations.
• Present financial information clearly to diverse audiences.
• Exhibit strong analytical and problem-solving abilities.
• Foster positive interpersonal relationships/interaction in a professional, customer-oriented manner.
• Interpret and navigate complex financial systems and their reports.

Ability to:

• Lead and manage an internal audit department and its personnel.
• Utilize internal audit software for documentation and data analysis.
• Educate audit staff in audit methodologies and relevant skills.
• Understand statutory and regulatory requirements to establish audit criteria.
• Collaborate with cross-functional teams for continual operational improvement.
• Conduct thorough field audits and inspections to ensure compliance.
• Analyze and synthesize information from various sources effectively.
• Perform root cause analysis and identify areas for potential enhancement.
• Clearly convey findings and recommendations to various stakeholders.
• Manage multiple projects and address ad hoc requests effectively.

Required Education and Experience:

• A bachelor’s degree in Accounting, Finance, Business Administration, or a related field; a master’s degree is preferred.
• A minimum of seven years of managerial experience in public or private sector internal, financial, or operational auditing.
• Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) credentials, or equivalent certification.
• Proficiency in Microsoft Office, including Word, Excel, PowerPoint, and Visio. Familiarity with software such as Oracle Fusion, EnQuesta (utility billing), and/or UltiPro is preferred but not mandatory.

Essential Requirements:
The physical demands required for this position include the ability to sit and stand for extended periods, light to moderate lifting, as well as reaching, pulling, and carrying. Manual dexterity and visual/auditory proficiency are essential.

Environmental Working Conditions:
Most tasks are performed in an office setting; however, the Internal Audit Manager may occasionally work in a plant environment, facing exposure to computer screens, noise, and potential hazards associated with large equipment and substances.

Other Requirements:

• A valid Michigan driver’s license is required.
• Capability to travel to various DWSD facilities and work sites is necessary.

The statements above highlight the general duties associated with this role. Incumbents may be assigned job-related responsibilities beyond those specifically outlined. Additionally, employees in this role must undergo alcohol and drug screening and are subject to a criminal background check.

Employment Benefits:
The City of Detroit provides a competitive and comprehensive employee benefits package, contributing to a low turnover rate due to the exceptional offerings. Benefits include:

Health:

• Medical coverage including hospital, surgical, and prescription drug benefits.
• Dental and vision insurance.

Insurance:

• Optional life insurance for employees and their families with City-funded premiums for initial coverage.
• Long-term disability insurance available via payroll deductions for eligible employees.

Paid Time Off:

• Sick leave, vacation, and holidays.

Other Leave Benefits:
Includes paid and unpaid leave options such as funeral leave, Family and Medical Leave, jury duty, and military duty leave.

Retirement Benefits:
Employees automatically join the City Employees Retirement System upon employment, earning eligibility for retirement benefits after:

• 30 years of service;
• At age 60 with a minimum of 10 years service;
• At age 65 with 8 years of service. Disability provisions apply under certain conditions.

Advancement Opportunities:
Employees have multiple avenues available for growth and professional development within various City departments and divisions.

Embark on a rewarding career with the City of Detroit, where you will be part of a dedicated team committed to delivering exceptional service to the citizens of our city.

Job Posting Date: Sun, 10 Nov 2024 05:33:44 GMT

Apply now!