PRINCIPAL AUDITOR

Position Details

Position Information

Recruitment/Posting Title	PRINCIPAL AUDITOR
Job Category	Staff & Executive - Finance/Accounting/Purchasing
Department	Audit and Advisory Services
Overview	Rutgers, The State University of New Jersey, is a leading national research university and the State of New Jersey’s preeminent, comprehensive public institution of higher education. For two consecutive years, Rutgers is ranked on Forbes’ list of America’s Best Large Employers. Rutgers’ commitment to its employees includes maintaining and fostering a safe, diverse, and respectful workplace environment, creating employment opportunities for our nation’s military veterans, and ensuring accessibility and accommodation for individuals with disabilities. University Finance and Administration (UFA) advances Rutgers’ strategic priorities through the management of all central financial, administrative, and student information systems and processes. We provide essential support and guidance to the Rutgers community, enabling informed decision-making that drives our academic, health, and research excellence. Committed to UFA’s guiding principles and core values , we offer opportunities for professional growth while contributing to the long-term strategic advancement of our division and the university. Audit and Advisory Services offers objective assurance and advice on governance, risk management, internal controls, and business processes. We operate as a forward-looking function, helping the university anticipate and address risks, improve processes, and support operations. Serving as a strategic partner to Rutgers leadership, we address various challenges and risks, providing assurance and identifying opportunities for efficiency and effectiveness. Explore further details about our work at https://internalaudit.rutgers.edu .
Posting Summary	Rutgers, The State University of New Jersey is seeking a Principal Auditor for Office of Audit and Advisory Services. Reporting to the Audit and Advisory Services’ (AAS) Manager of Audit and Advisory Services-Financial, Operational, and Investigations, the Principal Auditor position exists to provide professional, independent, objective assurance and consulting services designed to add value and improve university units’ operations. This role serves as a team-lead on complex audits, advisory services, and investigations and is expected to model exemplary audit practices to other project-team members. The Principal Auditor assists university units accomplish their mission and objectives by bringing extensive industry and/or internal audit and risk management experience to AAS’ established systematic, disciplined approach of evaluating and improving the effectiveness of risk management, control, and governance processes. Among the key duties of the position are the following: Acts as primary project liaison between AAS and select university functional and/or geographic areas. Leads the planning of assigned financial, operational, and investigative projects. Coordinates assigned projects (e.g., audit, advisory, investigations), including supervision of internal audit staff assigned to projects, to ensure engagements are completed timely, effectively and to IIA and departmental standards. Uses specialized knowledge of university operations, financial, compliance, or cyber/information technology processes to complete complex audits where defined criteria may not exist. Independently performs operational/financial investigations, or similarly assigned time-critical, highly sensitive matters. Identifies and evaluates key risks and controls. Performs and supervises work for all project phases, including planning, fieldwork, reporting, and follow-up. Adequately documents audit work, such as narratives and process flows, to capture procedures performed, support conclusions reached, and identify internal controls and control weaknesses. Comprehensively reviews project staff and departmental intern workpapers. Assists in the mentoring, coaching, and development of less experienced team members. Determines appropriate use of data analytics across assigned projects to increase the efficiency and effectiveness of audit and advisory services. Leads project communications with the client, such as entrance meetings, audit status updates, and closing meetings. Partners with client management to develop actionable recommendations to address audit observations. Educates relevant stakeholders about audit observations and recommendations to remediate issues and mitigate risks. Creates the audit report and delivers clear and concise risk-based observations and recommendations. Supervises the follow-up with the client on timely completion of audit recommendations. Develops positive working relationships across the University to foster an environment of trust and open communication. Provides input into the annual audit risk assessment and planning process (e.g., using institution and industry knowledge for survey preparation/analysis, participation in senior leadership interviews). Participates, in an advisory capacity, on university system implementation teams, task forces, and working groups to provide input into internal controls and process workflows. Consults all levels of university management on risk mitigation, control, and governance processes.
Position Status	Full Time
Hours Per Week
Daily Work Shift
Work Arrangement
FLSA	Exempt
Grade	08
Position Salary
Annual Minimum Salary	101444.000
Annual Mid Range Salary	128401.000
Annual Maximum Salary	155358.000
Standard Hours	37.50
Union Description	Admin Assembly (MPSC)
Payroll Designation	PeopleSoft
Benefits	Rutgers offers a comprehensive benefit program to eligible employees. For details, please go to http://uhr.rutgers.edu/benefits/benefits-overview .
Seniority Unit
Terms of Appointment	Staff - 12 month
Position Pension Eligibility	ABP

Qualifications

Minimum Education and Experience	Requires a bachelor’s degree preferably in Accounting or a related discipline (i.e., Business Administration, Finance) or an equivalent combination of education and/or experience. Requires a minimum of five years of work experience in the practice of professional internal auditing or public accounting, preferably in a large, complex organization. Of this, at least one year of work experience in planning and supervising audit staff in audit/investigative/consulting engagements of internal control systems.
Certifications/Licenses	Requires a certification as a Certified Public Accountant (CPA) or Certified Internal Auditor (CIA), or Certified Healthcare Internal Audit Professional (CHIAP).
Required Knowledge, Skills, and Abilities	Must demonstrate experience in applying advanced knowledge of internal control principles. Exhibit a deep understanding of internal controls, complex auditing techniques, and the ability to analyze intricate financial and statistical data. Greater knowledge of the components of sound risk management, control, and governance processes. Possesses advanced knowledge of accounting and auditing principles. Be able to design and perform data analytics using data analytic software. Know and abide by the Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing in their day-to-day work. Demonstrates a wide knowledge of auditing techniques. Keeps abreast of breaking developments in auditing literature, as well as perform research through the auditors’ network of resources for issues specifically addressing the university. Have greater knowledge of management and control model principles. Have increased understanding of internal control and compliance frameworks, such as: Internal Control – Integrated Framework (i.e., the COSO Model), Capability Maturity Model, IIA Three Lines Model, HIPAA. Be analytical, observant, and impartial. Expresses themselves clearly and professionally in all communications. Be an excellent listener by both hearing what is said and by correctly interpreting non-verbal signals. Have strong communication skills both verbal and writing, recognizing audit reports, advisory letters, and other documents are the most visible “product” of AAS services. Be very organized to track their own work and progress on assignments. Interprets trends, relationships, and problems from a financial and statistical perspective Be able to apply advanced auditing principles in all assignments. Exhibit strong leadership and and coaching skills when working with staff auditors and departmental interns. Possesses advanced writing skills to create audit reports, workpapers, and other communications. Understands business processes, information, and communication flows and internal control systems of varying complexities for analysis and evaluation. Be able to read, interpret, and/or gain an understanding of vast amounts of documentation, including, but not limited to; federal, state, and local statutes, administrative codes, federal and state agency mandates, contracts with external organizations, and university and unit policies and procedures. Be an excellent listener to ensure engagements service our client’s needs while achieving the objectives of AAS and the university. Utilizes interpersonal skills for meeting and communicating with all levels of the university community. Multitasks and works concurrently on more than one assigned project. Maintains confidentiality on all projects and occasionally work under stressful conditions (i.e., investigations, politically charged issues). Makes independent, professional, and supportable judgements on work performed and be flexible in taking direction from the AAS Management team. Facilitates complex discussions on control matters. Adheres to values such as integrity, objectivity, competency, and confidentiality of AAS. Always act in a manner that conveys the professionalism of AAS.
Preferred Qualifications	Seven years of relevant experience. An advanced degree such as a Master of Business Administration (MBA) or Master of Higher Education Administration. Other certifications such as a facilitator in Control Self-Assessments (CCSA), or as a Fraud Examiner (CFE) are also helpful. Work experience in a complex healthcare organization or medical system is preferred. Work experience in public accounting or advisory services with a recognized CPA firm or experience in internal audit at a higher education institution is preferred. Public presentation skills and experience in designing content materials for formal presentations in workshops and teaching groups. Prior usage of audit management software.
Equipment Utilized	The incumbent will use the Microsoft Office Suite (Word, Excel, PowerPoint, Visio, Teams) and Tableau.
Physical Demands and Work Environment	The incumbent must be able to work on a computer for substantial portions of their workday.
Special Conditions

Posting Details

Posting Number	24ST0877
Posting Open Date	04/16/2024
Special Instructions to Applicants
Regional Campus	Rutgers University-New Brunswick
Home Location Campus	Rutgers University - New Brunswick
City	Piscataway
State	NJ
Location Details

Pre-employment Screenings

All offers of employment are contingent upon successful completion of all pre-employment screenings.

Immunization Requirements

Under Policy 100.3.1 Immunization Policy for Covered Individuals , if employment will commence during Flu Season, Rutgers University may require certain prospective employees to provide proof that they are vaccinated against Seasonal Influenza for the current Flu Season, unless the University has granted the individual a medical or religious exemption. Additional infection control and safety policies may apply. Prospective employees should speak with their hiring manager to determine which policies apply to the role or position for which they are applying. Failure to provide proof of vaccination for any required vaccines or obtain a medical or religious exemption from the University will result in rescission of a candidate’s offer of employment or disciplinary action up to and including termination.

Affirmative Action/Equal Employment Opportunity Statement

It is university policy to provide equal employment opportunity to all its employees and applicants for employment regardless of their race, creed, color, national origin, age, ancestry, nationality, marital or domestic partnership or civil union status, sex, pregnancy, gender identity or expression, disability status, liability for military service, protected veteran status, affectional or sexual orientation, atypical cellular or blood trait, genetic information (including the refusal to submit to genetic testing), or any other category protected by law. As an institution, we value diversity of background and opinion, and prohibit discrimination or harassment on the basis of any legally protected class in the areas of hiring, recruitment, promotion, transfer, demotion, training, compensation, pay, fringe benefits, layoff, termination or any other terms and conditions of employment. For additional information please see the Non-Discrimination Statement at the following web address: http://uhr.rutgers.edu/non-discrimination-statement