POSITION PURPOSE
The Internal Auditor I is responsible for supporting the execution of internal audit activities designed to evaluate and improve the effectiveness of the utility's internal controls, risk management, and governance processes. This role assists in performing financial, operational, and compliance audits to ensure regulatory and organizational standards are met. The Internal Auditor I works under close supervision, collaborating with cross-functional teams to identify areas of improvement and contribute to the integrity and transparency of business operations.
Core Responsibilities
Note: This is not an all-inclusive listing.
Audit Planning, Execution and Documentation:
- Assist in planning and conducting internal audit projects across departments which are designed to assess operational efficiency, internal controls, and compliance with applicable policies and regulations.
- Document audit procedures, testing of internal controls, findings, and recommendations clearly and accurately in audit workpapers.
Risk Assessment and Compliance:
- Help identify and evaluate key risks within financial and operational processes based upon the outcome of audit projects.
Reporting and Follow-Up:
- Contribute to the preparation of audit reports summarizing audit findings and suggested improvements.
- Support follow-up activities to monitor the implementation of corrective actions.
Collaboration and Communication:
- Work closely with internal departments and external stakeholders where applicable to gather necessary data and understand business processes.
- Communicate effectively with team members and auditees to ensure transparency throughout the audit process.
Continuous Improvement:
- Stay informed on relevant regulations, industry standards, and best practices in internal auditing.
- Identify opportunities for process improvements and efficiencies in team audit practices.
Skills
Typically works under close supervision and guidance from senior auditors.
- Strong attention to detail and organizational skills.
- Basic understanding of internal control frameworks (e.g. Sarbanes Oxley).
- Effective written and verbal communication skills.
- Ability to handle sensitive information with integrity and discretion.
- Must be familiar with Microsoft Excel, Word, and audit-related software tools.
- Willingness to learn and adapt in a structured audit environment.
Education
- Bachelor's degree in accounting, finance, business administration, or a related field.
Experience
- One to two years of experience in accounting, finance, or internal audit roles.
- Experience in a regulated utility environment is a plus but not required.
- Internship or cooperative education experience in auditing or finance preferred.
Working Conditions
- This position is typically based in an office environment, with occasional visits to operational facilities for audit activities.
- May involve sitting for extended periods, reviewing documents, and working with confidential data.
- Must be able to meet deadlines and manage multiple tasks, sometimes under time constraints.
Madison Gas and Electric
Wisconsin United States
www.mge.com
