Chief Audit Executive

2 weeks ago


Austin, Texas, United States Texas Permanent School Fund Full time

Position Overview

As the Chief Audit Executive, you will be instrumental in ensuring the transparency and effectiveness of our operations. This pivotal role within our leadership team involves the establishment and management of comprehensive internal audit functions for our organization. Your responsibilities will encompass risk evaluation, internal control assessments, and adherence to regulatory compliance.

About the Organization

The Texas Permanent School Fund (PSF) has a rich history dating back to its inception in 1845, created to provide ongoing financial support for public education in Texas. With assets exceeding $52 billion, the PSF plays a vital role in funding educational initiatives across the state.

Key Responsibilities

  • Formulate and execute a targeted internal audit strategy that aligns with the business goals of Texas PSF.
  • Conduct thorough audit evaluations as per the established plan or as directed by senior management.
  • Deliver comprehensive audit reports to the Senior Leadership Team, outlining findings, recommendations, and proposed action plans.
  • Lead the selection and development of the internal audit team, fostering a culture of continuous improvement.
  • Ensure compliance with evolving regulatory standards for auditing and financial reporting.

Qualifications

  • A degree from an accredited institution in accounting, finance, business administration, or a related field.
  • A minimum of eight years of relevant experience, including five years in a managerial capacity within the financial services sector.
  • Certification as a Certified Public Accountant (CPA) or Certified Internal Auditor (CIA).

Preferred Qualifications

  • Advanced degree in a relevant field.
  • Experience in pension or investment sectors.
  • Possession of CPA, CIA, or Certified Information Systems Auditor (CISA) credentials, or a willingness to obtain.

Knowledge, Skills, and Abilities

  • In-depth understanding of internal control frameworks and risk assessment methodologies.
  • Familiarity with auditing standards and regulatory requirements.
  • Exceptional leadership and communication skills.
  • Ability to engage professionally with various stakeholders.
  • Proven track record in managing audit teams effectively.
  • Strong analytical skills with a strategic mindset.

Benefits

  • Eligibility for bonus compensation.
  • Comprehensive health and life insurance plans.
  • Optional benefits including dental, vision, and retirement plans.
  • Generous paid time off and holiday leave.
  • Longevity pay.

This position offers a unique opportunity to contribute significantly to the educational landscape of Texas by ensuring the prudent management of funds dedicated to public education.


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