Internal Audit Manager

Job Description

Basic Purpose
Manages execution of the company's internal audit activities of planning, overseeing, reviewing, and reporting financial, operational, IT, Sarbanes/Oxley, and consulting projects. Assesses risk, evaluates the effectiveness of risk management, internal control, and governance processes. Identifies needs for audits and oversees the auditing process and training and development of personnel. Develops and communicates internal audit procedures and reports.

Responsibilities

Essential Duties and Responsibilities
Manages comprehensive reviews, audits, and consulting projects including:

• Ensures that projects are appropriately designed to identify and assess risks and evaluates related controls and monitoring processes.
• Ensures that projects are properly executed and provides recommendations to strengthen internal controls, ensures compliance with regulations and company policy, and enhances management processes to meet the company's business objectives.
• Ensures SOX testing is designed to identify and assess risks and evaluates internal controls design and operating effectiveness.
• Ensures that SOX testing results in recommendations to strengthen internal controls, ensures compliance with regulations and company policy, and enhanced management processes to meet financial reporting objectives
• Ensures compliance with the Institute of Internal Auditors' International Professional Practices Framework (IPPF).
• Identifies significant processes and applications that impact internal control over financial reporting.
• Assesses potential deficiencies, classifies deficiencies based on Public Company Accounting Oversight Board (PCAOB) standards and aggregation criteria, and evaluates remediation.
• Facilitates the quarterly internal control 404 certification and 302 survey processes and reports results to senior management at BHE and NV Energy, as applicable.
• Identifies fraud risks applicable to existing financial reporting controls and determines if inherent risks are reduced to acceptable levels. Prepares annual SOX fraud risk assessment reporting.
• Serves as the liaison with the external auditors as required for SOX matters.
• Develops audit plan budgets and directs activities of staff to ensure plan objectives are met.
• Participates in the annual risk assessment and audit plan development.
• Advises all levels of management in the areas of risk management, internal control, governance processes as well as operational and business process improvements.
• Conducts tracking and follow-up on identified audit action items to be completed by management to remediate control gaps or mitigate risks. Prepares reporting for communication of action item status to management.
• Establishes and maintains internal audit schedules to ensure appropriate coverage of compliance, financial and operational activities across the company.
• Manages and communicates with internal audit staff on status of audits and projects in process. Coaches internal audit staff on preparation of workpaper documentation and report writing.
• Manages audits of jointly owned operational facilities including coordination of teams comprised of internal auditors from outside utilities. Prepares reports for and participates in audit committee discussions as necessary.
• Develops, revises, and ensures compliance with internal audit policies, programs, and procedures.
• Ensures preparation of workpapers in accordance with applicable standards and department policy.
• Executes projects and provides recommendations to strengthen internal controls, ensure compliance with regulations and company policy, and enhance management processes to meet the company's business objectives.
• Monitors and enforces all compliance requirements for area of responsibility.
• Ensures all compliance aspects of the position are known and followed; understands and complies with all policies, codes and regulations applicable to the position and company.
• Performs related duties as assigned.

Qualifications

Education, Skills, and Environment
Education and Work Experience
Bachelor's degree from an accredited school in accounting, finance, or related field and 6 years of related work experience. Must possess a Certified Public Accountant (CPA) license or Certified Internal Auditor designation.

Specialized Knowledge and Skills
Demonstrated knowledge of

• SOX 404 compliance, the 2017 COSO Framework, PCAOB guidance, US GAAP, financial reporting.
• Generally accepted auditing standards.
• Professional standards set forth by the Institute of Internal Auditors.

Demonstrated skill such as:
Analytical, interpersonal and communication.

Equipment and Applications
PCs, word processing, spreadsheet, database and data analytic software.

Work Environment and Physical Demands
General office environment. No special physical demands required. Some in-town and overnight travel.

Note: Immigration Sponsorship
At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but is NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For more information regarding work visas, please visit www.uscis.gov.