Director of Internal Audit

SUMMARY:

The Director of Internal Audit leads the organization's internal audit function, focusing on compliance, process optimization, and financial audits. This role ensures effective risk management, adherence to regulatory requirements, and the integrity of financial reporting. The position involves planning, executing, and overseeing audits to evaluate internal controls, identify opportunities for improvement, and support organizational objectives.

ESSENTIAL DUTIES & RESPONSIBILITIES:

Accountability Statements

• Audit Plan Execution: Ensure the development and successful execution of a comprehensive, risk-based audit plan to assess compliance with applicable laws, regulations, and internal policies, identifying and mitigating risks while ensuring timely completion of audits
• Compliance Monitoring: Regularly monitor and evaluate adherence to industry standards, regulatory requirements, and internal policies, providing recommendations to enhance compliance frameworks and reduce potential risks to the organization
• Process Improvement: Identify operational inefficiencies, redundancies, and opportunities for process improvement, collaborate with stakeholders to implement changes, and monitor outcomes to mitigate risks and ensure alignment with organizational goals
• Financial Reporting Integrity: Ensure the accuracy and integrity of financial reporting, monitoring compliance with accounting standards (e.g., GAAP), internal policies, and identifying any financial risks while reviewing financial transactions, budgets, and forecasts for transparency and accuracy
• Team Leadership: Lead, develop, and mentor the internal audit team, fostering a risk-aware, high-performance culture through coaching, training, and professional development to enhance the team's capability and effectiveness
• Stakeholder Communication: Provide clear, concise audit reports to the Board and senior management, effectively communicate findings, risks, and recommendations, and maintain open lines of communication with external auditors and regulatory bodies to ensure proactive risk management
• Actively promote an inclusive workplace environment that values and allows all individuals to feel welcome, supported, and able to contribute to the fullest potential
• Performs other work-related duties as directed by manager/supervisor

SUPERVISION RECEIVED: Supervision is provided by the Chief Financial Officer and includes assignment of duties, inspection of work, training, coaching, and performance evaluation. This position entails direct supervision of a developing team including but not limited to, a Compliance Auditor, Process Auditor, and Financial Auditor.

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience:

• Bachelor's degree in Accounting, Finance, Business Administration, or related field required; Master's degree preferred
• CPA, CIA, or equivalent certification preferred
• Minimum 8-10 years of internal audit or relevant experience, with a minimum of 5 years in a management role

Skills & Competencies:

• Strong knowledge of audit methodologies, regulatory compliance, and financial reporting standards
• Excellent analytical, problem-solving, and decision-making skills
• Proven ability to manage multiple projects, prioritize tasks, and meet deadlines
• Strong oral and written communication skills, along with strong interpersonal abilities to collaborate effectively with stakeholders at all levels

• Proven experience in leading and motivating others; demonstrated leadership skills
• Ability to evaluate work activities in order to determine progress and effectiveness and to make recommendations concerning changes as needed
• Strong working knowledge of Massachusetts government agencies and state laws and regulations

PHYSICAL DEMANDS: The physical demands described in this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.