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Internal Auditor

Date: Jan 3, 2022

Location: Enfield, CT, US, 06082

Company: Farm Credit East

Description/Job Summary

Join a team focused on the success of our customers, the success of our communities, and the success of each other. Farm Credit East is the leading provider of loans and financial accounting services to farmers, foresters, fishermen, and agricultural business owners across the northeast with over $9 billion in loan volume and over $28 million in financial accounting service revenue generated annually. When you pursue a career with Farm Credit East, you have the opportunity to positively impact the families and businesses that drive the Northeast economy.

 

As an Internal Auditor within the Quality Assurance Department, you will be directly involved with planning, developing and executing the internal audit function at Farm Credit East. You will be responsible for conducting thorough and accurate internal audits and high impact projects, as assigned.  As such, you will be expected to contribute to this process being an effective and progressive resource for the Board of Directors and the Executive Management Team.

Strong verbal and written communication skills are required to present audit and special project conclusions and findings. You will also promote the partnership-type relationship between the Internal Audit team and Farm Credit East staff members.

Within this role, you will specifically focus on:

  • Leveraging audit experience to enhance the overall Internal Audit program. You will be expected to provide feedback and lead initiatives to improve audit engagements, audit procedures, and audit reporting.
  • Mentoring and developing other audit staff.
  • Gaining a sound understanding of operational matters, credit underwriting practices, and internal controls within Farm Credit East.
  • Conducting audits to assure compliance with established controls (i.e., policies and procedures) in all facets of our business model. 
  • Evaluating financial statement controls for GAAP / FASB compliance.
  • Reviewing allowance methodology as well as other models and significant estimates.
  • Reviewing credit packages to ensure risk reporting is accurate and loan documents are prepared properly.
  • Testing the effectiveness of business continuity, disaster recovery, as well as physical and digital data security.
  • Documenting internal audit results and findings, writing reports, and presenting to management and the Board of Directors.
  • Working with our Data Analytics team to develop reports to assure compliance with internal controls, regulatory requirements and to assess and prevent fraudulent activity.
  • Overseeing various audits including Farm Credit East's internal anti-fraud and compliance programs.
  • Providing value to the organization by way of audit execution, developing recommendations for process improvement, and influencing positive changes within the Quality Assurance Team.

 

This position requires the ability to communicate effectively (written and verbal) at all levels within the organization. A background in data analytics and understanding of technology, especially the capability to query data and assist with report development is beneficial.

The Internal Auditor will report to the Director of Internal Audit. This position is designed to challenge you, while positioning you for success and further opportunities within Farm Credit East.

 

Responsibilities/Duties

With varying levels of supervision, depending upon the task assigned and experience, this position is accountable for the following:

  • Audits: Conduct audits in accordance with the annual Quality Assurance Plan. Ensure compliance with Farm Credit East policies and procedures, as well as Farm Credit Administration, GAAP, and consumer lending regulations. While conducting audits you will travel between branch office locations across the Farm Credit East territory.
  • Internal Controls over Financial Reporting (ICFR) Testing: Test controls in accordance with annual ICFR Plan to assess the reliability of financial reporting and the preparation of financial statements for external purposes.
  • Special Projects: Complete special projects and assignments offered by Farm Credit East as prescribed by the Chief Audit Executive (or his delegate) in a timely and accurate manner.
  • Teamwork and Communication: Contribute to a team atmosphere within the Quality Assurance team. Establish a good working rapport with Farm Credit East personnel, thereby promoting a partnership-type relationship between the Quality Assurance team and all Farm Credit East staff. Provide clear, concise verbal and written reports to Farm Credit East management and staff regarding operational performance as observed from audits and special projects. 

 

Required Education

This position requires a Bachelor's degree in Accounting or a related field.

 

Required Qualifications

Candidates with 3-5 years of internal audit or related experience are preferred. Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) is preferred and Certified Fraud Examiner (CFE) or consumer lending compliance designations are also encouraged.

Overnight travel (up to 25%) throughout Farm Credit East's territory is required.

Farm Credit East is an Equal Opportunity Employer. As an Equal Opportunity Employer, we do not discriminate on the basis of race, color, religion, national origin, sex, sexual orientation, gender identity, age, marital status, disability status, protected veteran status, genetic information or any other status protected by federal, state or local law. It is our goal to make employment decisions that further the principle of equal employment opportunity by utilizing objective standards based upon an individual's qualifications for a specific job opening. In compliance with the Americans with Disabilities Act (“ADA”), if you have a disability and would like a reasonable accommodation in order to apply for a position with Farm Credit East, please call 1-800-562-2235 or e-mail info@farmcreditcareers.com.


Nearest Major Market: Hartford