Penn State Job Catalog

Additional levels that exist for this job profile can be seen below.

The defined natural career progression within or between job profiles.

Audit

The Internal Auditor performs audits and risk assessments designed to independently review and evaluate the University’s financial, information technology, and operational controls. Internal Auditors schedule and plan audits; conduct interviews; examine records, equipment, and controls; identify internal control risks and deficiencies; identify suspected fraud, waste, and abuse; prepare and present audit status, findings, and follow-up reports; evaluate and monitor corrective action plans; monitor budgets and timelines.

• Conduct independent audits and risk assessments evaluating financial, information technology, and operational controls; ensure auditing activities conform to University policy and procedure, standard auditing practices, and statutory/regulatory requirements
• Schedule and plan audits; build audit criteria; review/revise questionnaires; monitor project budget and timeline
• Conduct interviews with department managers, key staff members, and others deemed necessary; examine department records, equipment, cash-handling controls, controls over computer access; review regulatory and University policy compliance
• Collect, compile, and analyze data to detect deficiencies, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and University policy; identify and document issues; prepare reports
• Conduct exit interviews and present findings to auditee management; allow for rebuttal
• Oversee corrective action plans addressing control weaknesses and inefficiencies; make improvement recommendations; monitor progress
• Conduct investigations into potential fraud, waste, or abuse as reported on the hotline
• As directed, analyze data and develop individualized audit plans for ad-hoc audits or special projects requested by senior University officials, or as necessitated by external inquiries/assertions; assist with preparing managers and administrators for external audits
• Provide consultation to assure University policies and procedures address risks and provide for internal risk mitigation controls
• May testify in court proceedings and employment hearings
• Consult or assist with internal University committees, task forces and advisory groups to discuss best practices
• Serve as a mentor or lead in training and developing other auditors

Level:

– Principal Professional

Base Description:

– Completes activities, tasks, and/or projects of a functional nature.

Level Summary:

– Displays mastery of defined skill areas/applications, principles, theories and practices. Evaluates and enhances existing practices. Recognizes emerging trends in area of expertise. Works independently on complex or strategic assignments. Directs and delegates appropriate tasks to others. Implements strategies to ensure achievement of initiatives. Prepares written and/or verbal presentations or proposals on complex issues and deliver to broad audiences. Identifies and implements innovative solutions to important, highly complex strategic and/or operational issues.

Supervisory Responsibilities:

– Indirect supervisor for other full–time employees
– May serve as direct supervisor for part–time, student, and/or temporary workers, volunteers, or a full–time employee

Fiscal Responsibilities:

– Validates and pays invoices
– Monitors and tracks budgets and funding
– May plan and forecast budgets

Problem Solving:

– Encounters complex and novel problems
– Applies policies, practices, specialized knowledge, and skills to resolve problems
– Understands benefits, limitations, and impact of potential solutions
– Anticipates potential problems and recommends possible solutions within general guidelines

Independence of Action:

– Works independently on complex or strategic assignments
– Uses existing practices as guidelines as well as working knowledge to determine specific work methods
– Carries out work activities independently, with supervisor available to resolve problems
– Reviews work of others to verify technical soundness

Communication and Collaboration:

– Communicates with both internal and external audiences
– Collaborates closely with team members and area leads across the University
– Prepares written and/or verbal presentations or proposals on complex issues and delivers to a broad variety of audiences
– Establishes and maintains networks to facilitate successful communication among units

• Comp Grade – 14
• Minimum – $97,100.00
• MidPoint – $121,400.00
• Maximum – $145,700.00