Principal Auditor

We are hiring an Auditor (Job Opening ID 366820), Senior Auditor I (Job Opening ID 366816), Senior Auditor II (Job Opening ID 366816), or Principal Auditor (Job Opening ID 366787). Depending on qualifications and experience and our good faith evaluation, you'll be hired into one of the following jobs and receive the respective benefits package as stated below.

This job could be based at the University of Minnesota Duluth or at the University of Minnesota Twin Cities. However, the position has system-wide responsibilities for all University locations and activities. This is a hybrid position.

These positions are responsible for performing internal audit work throughout the University of Minnesota system. The University encompasses a wide array of diverse activities including academic support functions, sponsored research, large-scale business operations, academic health care, intercollegiate athletics, and municipal/utility operations. The complexity and size of audit assignments will vary significantly and will encompass audits of University units and processes, investigations, and other special projects.

Incumbents are expected to be able to demonstrate proficiency in performing internal audit work that conforms to the Institute of Internal Auditor's professional standards. Work assigned to incumbents will normally be defined, but work direction and scope may be at a high-level and require additional research and refinement by the incumbent. It is expected this work will be carried out with limited supervision. Decisions regarding the scope of work to be performed, the nature of testing to be completed, and the reporting and disposition of results will be delegated to this position with oversight by supervisors or directors.

Essential Responsibilities:

1. (~25%) Perform engagement management activities associated with audits of University units or processes. This will include:

• Managing work assignments and evaluating work product of staff assigned to the audit. This includes being responsible for ensuring the work product is complete, logical and complies with both the Institute of Internal Auditor's professional standards and department practices.
• Ensuring staff are using appropriate audit judgment when drawing conclusions and evaluating the significance of audit findings.
• Coaching staff regarding completion of audit processes, evaluation of the units and business processes being reviewed, and creation of recommendations.
• Coordinating work effort and communication with line management responsible for assigned areas.
• Performing reviews of others' audit work to ensure it contains relevant facts to support audit scope and conclusions and adhere to internal audit policies and procedures.
• Managing client interaction during course of audit.
  

2. (~25%) Plan audits of all levels of complexity with minimal supervision from audit management. The plans and procedures are to be developed using a risk-based methodology and with recognition of the limited resources available for each engagement. This will include:

• Collecting background material needed through a variety of mechanisms including interviews and data queries
• Summarizing discoveries during the planning process.
• Drafting engagement letters, audit programs, time budgets and work schedules

3. (~25%) Communicate the results of the audit work performed, using both verbal and written skills. This will include:

• Developing and documenting findings and recommendations that properly address risks and conclusions.
• Meeting with the audit client(s) to discuss both the preliminary and final audit results.
• Using appropriate audit judgment in evaluating the significance of audit findings and the impact/risk of the issue.
• Drafting the initial report in a clear, concise manner to effectively communicates results to relevant levels of management.
• Ensuring recommendations made are both actionable and cost-effective.

4. (~25%) Perform audit testing of both University units and processes to evaluate the efficiency and effectiveness of internal control, risk management and governance processes with minimal supervision from audit management. This includes assessing whether:

• Risks are appropriately identified and managed by the process owners and/or University management.
• Employees' actions are in compliance with policies, standards, procedures, and applicable laws and regulations.
• Resources are acquired economically, used efficiently, and adequately protected.
• Programs, plans, and objectives are achieved.
• Quality and continuous improvement are fostered in the University's control processes.
• Significant legislative or regulatory issues impacting the University are recognized and addressed appropriately.

Other Responsibilities

• Conduct follow-up work to determine the status of prior recommendations made to management.
• Complete training and other activities to maintain and enhance professional skills and abilities.
• Gather, review, and assess audit evidence as part of investigating allegations of misconduct.
• Perform basic audit work related to information technology matters. This will include, but is not limited to: physical security, change control, access controls, disaster recovery and application reviews.
• Providing consultative advice and recommendations to business areas and clients to improve processes and controls as needed.

Qualifications:

• A bachelor's degree and six or more years of audit experience are required, with a major in accounting, finance, management, or similar business emphasis preferred.
• Professional certification (e.g., CPA, CIA, CFE) and/or an advanced degree is highly desired.

Pay Range: $90,000-105,000; depending on education/qualifications/experience

Time Appointment: 75%-100% Appointment

Position Type: Faculty and P&A Staff

Please visit the Office of Human Resources website for more information regarding benefit eligibility.

The University offers a comprehensive benefits package that includes:

• Competitive wages, paid holidays, and generous time off
• Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program
• Low-cost medical, dental, and pharmacy plans
• Healthcare and dependent care flexible spending accounts
• University HSA contributions
• Disability and employer-paid life insurance
• Employee wellbeing program
• Excellent retirement plans with employer contribution
• Public Service Loan Forgiveness (PSLF) opportunity
• Financial counseling services
• Employee Assistance Program with eight sessions of counseling at no cost
• Employee Transit Pass with free or reduced rates in the Twin Cities metro area

While our salary ranges provide a framework, it is important to note that most of the time, the initial pay may not reach the maximum of the range. This approach ensures that compensation reflects the value and unique contributions of each candidate while maintaining equity within our organization. As part of our commitment to fair and equitable compensation, please be aware that the salary offered to incoming candidates will be based on their individual credentials and experience.

Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will have the opportunity to complete an online application for the position and attach a cover letter and resume.

Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section. A resume is required for a completed application. A cover letter is strongly preferred.

This position will remain open until filled.

To request an accommodation during the application process, please e-mail employ@umn.edu or call (612) 624-8647.

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

The University of Minnesota, Twin Cities (UMTC)

The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.

At the University of Minnesota, we are proud to be recognized by the Star Tribune as a Top Workplace for 2021, as well as by Forbes as Best Employers for Women and one of America's Best Employers (2015, 2018, 2019, 2023), Best Employer for Diversity (2019, 2020), Best Employer for New Grads (2018, 2019), and Best Employer by State (2019, 2022).