Michigan Farm Bureau
Director of Internal Audit
Michigan Farm Bureau, Lansing, Michigan, United States, 48900
Michigan Farm Bureau - Director of Internal Audit
Location: Lansing, MichiganJob ID: 2024-4595Type: Regular Full-TimeOverview
The Director of Internal Audit will direct and manage the Internal Audit Department to ensure that audit work fulfills the general purposes and responsibilities established in the Internal Audit Charter as approved by the Audit Committee of the Board of Directors. This role addresses audit, risk, and compliance issues to guide the direction of the organization and administer a comprehensive program of internal audit examinations on auditable activities of the Michigan Farm Bureau and its Affiliated Companies.Responsibilities
Provide overall management and supervision of the internal audit function to ensure efficient and effective employment of audit resources.Develop an annual audit plan that includes a schedule of audit examinations utilizing a risk assessment process to prioritize auditable activities.Present the annual internal audit plan to the Audit Committee of the Board of Directors.Conduct an audit of the Enterprise Risk Management Process and present the results to the Governance and Risk Committee.Evaluate the adequacy and effectiveness of the companies' internal financial, administrative, information systems, and operational policies and controls.Ascertain the extent to which company assets are accounted for and safeguarded from losses.Review compliance with company procedures and policies.Review and approve the final internal audit report before issuance on each audit examination.Set periodic meetings with executive levels of management to discuss the results of completed audits.Provide the Audit Committee with a summary report of internal audits completed, noting findings categorized as significant, major, or minor.Report management's response to significant audit findings and their resolution status.Perform annual year-end financial statement audits or reviews of various affiliated companies as approved by the Audit Committee.Present results of audits and reviews of financial statements and any report of internal control weaknesses to the Audit Committee.Coordinate external audit efforts to ensure adequate coverage and minimize duplication of efforts.Conduct periodic examinations of the State Department of Financial and Insurance Services for Farm Bureau Insurance.Complete requests for proposals (RFP) for obtaining external audit services as requested by the Audit Committee.Negotiate and finalize audit fees for renewing external audit engagement cycles.
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Location: Lansing, MichiganJob ID: 2024-4595Type: Regular Full-TimeOverview
The Director of Internal Audit will direct and manage the Internal Audit Department to ensure that audit work fulfills the general purposes and responsibilities established in the Internal Audit Charter as approved by the Audit Committee of the Board of Directors. This role addresses audit, risk, and compliance issues to guide the direction of the organization and administer a comprehensive program of internal audit examinations on auditable activities of the Michigan Farm Bureau and its Affiliated Companies.Responsibilities
Provide overall management and supervision of the internal audit function to ensure efficient and effective employment of audit resources.Develop an annual audit plan that includes a schedule of audit examinations utilizing a risk assessment process to prioritize auditable activities.Present the annual internal audit plan to the Audit Committee of the Board of Directors.Conduct an audit of the Enterprise Risk Management Process and present the results to the Governance and Risk Committee.Evaluate the adequacy and effectiveness of the companies' internal financial, administrative, information systems, and operational policies and controls.Ascertain the extent to which company assets are accounted for and safeguarded from losses.Review compliance with company procedures and policies.Review and approve the final internal audit report before issuance on each audit examination.Set periodic meetings with executive levels of management to discuss the results of completed audits.Provide the Audit Committee with a summary report of internal audits completed, noting findings categorized as significant, major, or minor.Report management's response to significant audit findings and their resolution status.Perform annual year-end financial statement audits or reviews of various affiliated companies as approved by the Audit Committee.Present results of audits and reviews of financial statements and any report of internal control weaknesses to the Audit Committee.Coordinate external audit efforts to ensure adequate coverage and minimize duplication of efforts.Conduct periodic examinations of the State Department of Financial and Insurance Services for Farm Bureau Insurance.Complete requests for proposals (RFP) for obtaining external audit services as requested by the Audit Committee.Negotiate and finalize audit fees for renewing external audit engagement cycles.
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