Internal Audit Analyst Job Description

Internal Audit Analyst Job Description

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Internal audit analyst provides a wide spectrum of services, including strategic and operational risk assessment, internal control and risk management reviews, internal audit planning, benchmarking internal audit functions against good and best practices.

Internal Audit Analyst Duties & Responsibilities

To write an effective internal audit analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included internal audit analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Perform information technology, financial and operational reviews which address accounting risk, business risk, technology risk and regulatory risk, develop recommendations around existing controls in place the necessity to develop new controls
Assist in developing and maintaining an ongoing comprehensive risk-based methodology
Working knowledge of the COSO internal controls framework
Strong analytical skills and an ability to assess risk, analyze the business/operating impact, and identify the weaknesses underlying issues
Undertake assessments on the quality and effectiveness of the internal controls and risk management
Perform, and/or coordinate with co-sourced resources, reviews of strategic IT/IS and technical audits
Assist with IT compliance related work (SOX is a must)
Working knowledge of various IT systems - ERP systems and financial reporting systems (SAP a plus)
Communicate the results of internal audit reviews directly with business unit and senior management
Perform other related special studies and projects as assigned

Internal Audit Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Internal Audit Analyst

List any licenses or certifications required by the position: CPA, CIA, CISA, CFE, ACCA, ACA, CISSP, MCSE, MCSA, CDMP

Education for Internal Audit Analyst

Typically a job would require a certain level of education.

Employers hiring for the internal audit analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Information Systems, Computer Science, Education, Information Technology, Business/Administration, Economics, Auditing

Skills for Internal Audit Analyst

Desired skills for internal audit analyst include:

Internal auditing standards
Internal control concepts
Industry standards to the evaluation of operational/financial/compliance audits
Internal audit functions
Risk
COSO
Excel and PowerPoint
Microsoft Office applications
Risk assessment practices
SOX requirements

Desired experience for internal audit analyst includes:

Perform administrative duties of the department including, but are not limited to, staffing, recruiting, training, budgeting, planning and scheduling
Bachelor’s in Finance/Accounting/Information Systems
CPA and/or internal audit credentials (CIA, CISA certification is a plus)
A minimum of 5 years of relevant IT audit experience, ideally with Big 4 accounting firms and/or companies of scale with retail store operations
Should have previously participated in existing internal audit programs for a major company
Ability to scope, plan and execute audit programs and reviews with minimum direction

Internal Audit Analyst Examples

1

Internal Audit Analyst Job Description

Job Description Example
Our company is searching for experienced candidates for the position of internal audit analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for internal audit analyst
  • Assess adequacy of internal control design
  • Present fact-based audit findings (i.e., control deficiencies) to the Internal Audit Manager for inclusion in the audit report
  • Support in the execution of corporate audits
  • Full scope responsibility for delivery of a complete SOX or Internal audit unit
  • You will provide development, training, guidance and expertise to stakeholders and team members related to applications
  • Assist auditors through hands-on analysis of firm data and providing insights from it
  • Help the audit team understand the tools, approaches and infrastructure available to them
  • Extract data from the firm’s data stores, profile to identify key features, patterns and outliers, and performing scenario based testing
  • Assess the quality of data extracted to understand potential limitations or issues
  • Develop visualization analytics and reporting to present scenarios from the data
Qualifications for internal audit analyst
  • Ability to work independently with minimal supervision and coordinate the completion of multiple tasks simultaneously
  • Must be able to work flexible hours, including hours beyond the normal schedule when necessary
  • Understanding of the basics of Finance is preferred
  • A financial industry certification (CFA, FRM, PRM ) would be useful but not required
  • Minimum 3 years work experience, with 1 year minimum auditing experience
  • Project management and organisation skills – ability to prioritise effectively, multi-task and meet competing deadlines
2

Internal Audit Analyst Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of internal audit analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for internal audit analyst
  • May assist with general administrative duties, including general correspondence, arrangement of meeting facilities
  • Processes and coordinates department accounts
  • Advises and contributes in decisions regarding development and execution of department projects and programs
  • Designs and develops reporting to keep projects on target, identify issues resolution and update management on projects
  • Manages vendor relationships for production of program and project materials
  • Serves as contact for department clients
  • Executing and completing audit fieldwork according to the established schedule and deadlines
  • Recommend internal control improvements that may include operational enhancements or efficiencies, and the preparation of audit reports documenting controls
  • Responsible for generating value added recommendations to enhance the Company’s overall internal control operations
  • Contributing significantly to strategic planning and process innovations
Qualifications for internal audit analyst
  • Proficiency with SOX 404 (including IT General Controls)
  • Experience with data analysis tools is a plus
  • Ambitious and highly motivated professional with excellent interpersonal skills and self-confidence
  • Hands-on team player with ability to effectively interact and communicate with all levels of personnel within the organization
  • Quick learner, strong analytical and reasoning skills with great attention to details
  • Multi-tasker who can meet tight deadlines and solve problems in time sensitive environment
3

Internal Audit Analyst Job Description

Job Description Example
Our innovative and growing company is looking for an internal audit analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for internal audit analyst
  • Participate in a risk advisory role on company initiatives projects to ensure proactive identification of relevant risks
  • Engage in continuous monitoring of modeling and model risk areas
  • Manages data analytic learning needs of Internal Audit teams
  • Develops and maintains data analysis run sheets to ensure a consistent and repeatable process
  • Maintains recurring analytics for department and converts to Audit Exchange as necessary
  • Consults with Auditors to develop and apply data analysis strategies (ex
  • Documents project deliverables, including DARs, program descriptions, run sheets, job schedules, following team guidelines
  • Leads design, code, and verification phases
  • Engages with audit teams and stakeholders to understand each business question
  • Understands and enforces team guidelines
Qualifications for internal audit analyst
  • Preference given to those with experience conducting financial/operational audits at a Public Accounting firm and/or Fortune 500 company
  • Bachelor’s or Master’s degree in Accounting or related Business field
  • Perform outcome based testing/black box testing
  • Perform gap analysis in report implementation and identify root cause
  • Assist in presenting the approach, progress and results of the reviews to internal, IT and business stakeholders
  • Assist in formulating the strategy to action upon the issues identified
4

Internal Audit Analyst Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of internal audit analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for internal audit analyst
  • Perform specific portions of internal audits, as necessary, by applying a detailed audit process and concluding on recommendations for improvements based on industry best practices and regulatory requirements
  • Assist the manager by drafting the audit reports following completion of the fieldwork portion of the reviews to concisely and accurately reflect the facts, observations, risks, and recommendations
  • Collaboratively work with colleagues in the India Region and US to enhance the efficiency and effectiveness of the audit effort
  • Work closely with the other team members to develop best practices, and collectively develop a base of knowledge used to consistently address audit scenarios that arise
  • Manage multiple auditees simultaneously and develop professional relationships with those auditees
  • Use data mining/interrogation tools and techniques to analyze elements of business processes and operations
  • Participate in opportunities that enhance personal and professional growth and the accomplishment of career objectives
  • Seek opportunities to improve technical and management skills through continuing education, seminars
  • Support the AVP and VP to identify, assess and document risks and controls
  • Support the evaluation of the design and operating effectiveness of controls and document this understanding in the audit toolkit
Qualifications for internal audit analyst
  • Bachelor's degree in Accounting, Information Systems, or Computer Science required
  • Ability to build strong partnerships across business audit teams through a proactive, open and communicative approach mainly through all aspects of execution
  • Strong technical capability interfacing with databases using analytical software, (including SQL, SAS, ACL, Tableau, Cognos, Excel), managing large volumes of data, and extracting relevant findings using programming logic
  • Maintenance of internal stakeholder relationships and regular interaction with the stakeholders during the year to assess changes in the regulatory obligations environment and other matters arising in the business
  • Minimum 2 years work experience in technology or audit
  • Experience working with intrusion detection/prevention systems, vulnerability management, threat analysis, anti-virus software, and SIEM, is desired
5

Internal Audit Analyst Job Description

Job Description Example
Our growing company is looking to fill the role of internal audit analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for internal audit analyst
  • Providing support to the Director of Internal Audit on department initiatives, including, development of departmental policy manual, developing an internal quality assurance program, performing project and overall risk assessments, implementing departmental metrics / scorecard, and ability to lead overall scoping activities
  • Execute the financial, operational, and information technology based audit engagements
  • For each targeted internal review, scope existing business processes and gather and evaluate current processes documentation
  • Identify areas of weakness and propose process improvements
  • Prepare internal audit reports and memos for review by senior management
  • Manage commercial client audits
  • Prepare, complete, and review the various sections of the audits in accordance with the audit programs including performing interviews, obtaining and analyzing information and concluding and communicating test results
  • Operate in an organized manner managing multiple projects and open items list, following up on items and escalating items in a timely manner in order to meet deadlines
  • Keep the Manager and the Team Leader informed on the status of the review and the observations which relate to it
  • Conduct audit observations re-tests to ensure action plans have been implemented
Qualifications for internal audit analyst
  • Strong data analysis and experience leveraging audit technology such as IDEA, Tableau, and/or ACL is a plus
  • Strong organisational skills with excellent attention to detail, commitment to quality and efficiency
  • Work along with the business teams to develop strategic products which are of repeatable value to the department
  • Assist in understanding the regulatory requirements and test approach to validate the adherence
  • Strong knowledge of generally accepted accounting principles, SOX 404, and audit techniques
  • Be a team player and embrace the Company’s compliance principles as a key component of the audit process

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