Senior Audit Executive

2 weeks ago

Lockport, New York, United States STRS Ohio Full time

Chief Audit Executive

The State Teachers Retirement System of Ohio (STRS Ohio) is in search of exceptional candidates for the role of
Chief Audit Executive.

About STRS Ohio
STRS Ohio is a highly esteemed retirement system recognized nationally for its commitment to providing comprehensive retirement benefits, healthcare access, and a variety of services. With a robust investment portfolio totaling $95.3 billion as of June 30, 2024, STRS Ohio stands as one of the largest pension funds in the United States, serving over 500,000 public educators in Ohio. Our dedicated workforce of approximately 460 associates is equipped with the necessary resources to thrive both personally and professionally, all while upholding STRS Ohio's mission and vision.

Mission Statement
STRS Ohio is dedicated to establishing a solid foundation for the financial security of Ohio's public educators.

Vision Statement
Our vision is to support current and future public educators in Ohio and their families.

Organizational Culture
At STRS Ohio, we empower our associates to make informed decisions that positively impact the educators we serve. Continuous learning and skill enhancement through education and training are strongly encouraged. Our commitment to excellence is reflected in every aspect of our operations, from communication to investment management.

We foster a diverse and inclusive culture that values respect for every individual and acknowledges their contributions to the financial well-being of our members. STRS Ohio is committed to providing an excellent work environment, advanced technology, ongoing educational opportunities, and competitive benefits.

Working at STRS Ohio offers a fulfilling experience in a professional, business-casual atmosphere that promotes respect and inclusivity.

Benefits Overview
STRS Ohio offers a competitive salary along with a comprehensive benefits package that includes on-site parking, educational assistance, subsidized medical insurance, fully covered dental and life insurance, vacation and sick leave, retirement benefits, and access to an on-site fitness center.

Role Summary
Reporting to the Audit Committee of the STRS Ohio Retirement Board, the Chief Audit Executive will oversee the effective management of internal audit operations. This role involves evaluating the effectiveness of internal controls established by management, conducting tests of these controls, reporting findings, making recommendations, and supervising the internal audit team.

Key Responsibilities

  • Develop and uphold a comprehensive Internal Audit Charter.
  • Establish guiding policies and procedures for the Internal Audit function.
  • Formulate and propose a risk-based annual internal audit plan, assessing relevant business and financial risks.
  • Ensure the Internal Audit resources are adequately allocated and effectively utilized to meet the approved plan.
  • Create and execute audit programs in alignment with the Standards for the Professional Practice of Internal Auditing. Document processes and evaluate the effectiveness of internal controls. Prepare and distribute audit reports and recommendations to management.
  • Monitor the implementation of audit recommendations and provide updates to the Audit Committee.
  • Attend Audit Committee meetings and conduct special reviews as necessary.
  • Maintain current knowledge of organizational functions through ongoing education and training.
  • Manage a Quality Assessment Review (QAR) schedule for external evaluations of the Internal Audit department.
  • Foster collaborative relationships with the Retirement Board, Audit Committee, and senior staff.
  • Coordinate risk management efforts related to Enterprise Risk Management and compliance activities.

Qualifications

  • Bachelor's degree in business, accounting, finance, or a related field is required.
  • A Master's degree in a related field is preferred.
  • Professional certifications such as CPA or CIA are preferred.
  • A minimum of ten years of auditing or accounting experience in public accounting or large organizations is required.
  • Proficiency in database and spreadsheet software is essential.
  • Project management experience is preferred.
  • Strong communication skills, both oral and written, are necessary.
  • Ability to handle confidential information with discretion is required.
  • Exceptional organizational skills and attention to detail are essential.
  • Competence in Microsoft Office programs and standard office equipment is required.
  • Ability to work independently and collaboratively while meeting deadlines is necessary.
  • Excellent attendance and punctuality records are expected.

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