Audit Intern

4 weeks ago

Decatur, United States Inova Health System Full time

Job Description Audit Intern - Decatur, ILGain Real World Experience through an ADM Internship, working part-time while you continue to attend classes at your local university.

This internship offers a competitive compensation with approximately 20-hour workweeks.Join a Global LeaderAward-winning early career programming: 2024 Recipients of Handshake's Early Career Talent Award & RippleMatch's Campus Forward AwardNewsweek named ADM as one of the Greatest Workplaces for DiversityNamed one of The World's Most Admired Companies for the 14th consecutive year by FortuneRanked 43rd on Fortune 500 List with 42,000+ colleagues across 200+ countriesInternship Program Requirements:Educational Background: Pursuing a four-year degree, preferably in a business field. Must have overall 2.8GPATransportation: Interns must have their own transportation to and from work.Background Check: Successful completion of a background check is required.Availability: Must be available to work up to 20 hours, 8am - 4pm, Monday - Friday. Professional Development during your internship: Training Resources: Enhance your skills with unlimited access to LinkedIn Learning courses, language training, and mentoring programs.Engage with our ERGs (Employee Resource Groups): Young Professionals ERG, Pride ERG, Vet ERG, Women's ERG, Black Colleague Alliance ERG, Adelante Hispanic ERG, and more.Job SummaryInternal Audit's role is to assist ADM management by providing independent, objective assurance and consulting services designed to make valuable contributions and improve the organization's operations. This is achieved by utilizing a systematic and disciplined approach to evaluating and improving the effectiveness of our organization's risk management, control, and governance processes.This internship offers a unique opportunity to work within the Construction Audit Group.

The Construction Audit Group, a specialized component of ADM Internal Audit, reviews third party contractors who provide maintenance, construction and other services to ADM facilities throughout North America.

Within the T&M agreement, cost components are assigned to labor and materials on a rate sheet, where the Construction Audit Group is responsible for calculating and evaluating actual costs incurred by third parties.

Throughout each review, the audit group is responsible for identifying vendor risks, confirming conformance to contractual obligations, improving vendor performance, and identifying recoveries to ADM.The key responsibilities for this position will include:Assist in conducting audits of vendor contracts and transactions including:Reviewing documents provided by vendors and/or ADM's systems to determine total labor billed to ADM for each year being audited.

This may also include manual review of invoices for billings outside of ADM's Contractor Timekeeping System.Reviewing reports and documents provided by vendors to calculate total actual costs associated with this labor, to calculate the effective rates. These effective rates are compared to the rates billed to ADM and the variances extended to determine overcharges and undercharges.Comparing Vendor Payroll records to ADM's records to identify pay rate discrepancies and billing variances.Communicating audit results to ADM Management.Communicate with ADM's third parties and serve as a liaison between ADM's procurement team.Collaborate with ADM's procurement team and operations managementContribute to the preparation of audit reports with findings, conclusions, and actionable recommendations. Excited about this role but don't meet every requirement listed? Studies show that often applicants will self-select out if they don't check every box. We encourage you to apply anyway. You may be just the right candidate for this role or another one of our openings.ADM requires the successful completion of a background check. REF:91124BR

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