State of Illinois · 9 hours ago
INTERNAL AUDIT MANAGER
Springfield, IL
Full-time
Onsite
Senior Level, Lead/Staff
$99K/yr - $154K/yr
8+ years expThe State of Illinois is committed to a diverse workforce and is seeking an Internal Audit Manager for the Teachers' Retirement System. This role involves supervising the internal audit staff, conducting comprehensive audits, and advising on compliance and internal operations.
AssociationGovernmentOffice AdministrationReal Estate
No H1B
U.S. Citizen Only
Responsibilities
Supervise and guide the internal audit team, providing leadership, support, and mentoring to ensure their professional development and performance. Responsible for directing workflow, assigning tasks, attending entrance and exit conferences, reviewing work papers and draft audit reports, and coordinating work while ensuring deadlines are met. Develop guidelines as needed for complex audits
Consults with the Director of Internal Audit to determine if the scope of an audit should be expanded or if a new audit or review should be scheduled when unanticipated issues, variables, irregularities or discrepancies are encountered
Responsible for maintaining a comprehensive knowledge of all TRS procedures, systems and operations, in addition to maintaining knowledge of all rules and regulations affecting TRS, in order to conduct thorough audits and advise the Director of Internal Audit of weaknesses in the internal control structure
Ensure a quality assurance and improvement program (QAIP) is maintained to document conformance with the Global Internal Audit Standards. The QAIP should include items such workpaper review checklists, performance appraisals of Internal Audit staff, continuing professional education tracking, periodic quality assurance reviews and other documentation showing proper supervision is in place to oversee the audit department
Coordinate the work of the department to meet the goals and expectations of the Internal Audit Program. Recommend and participate in implementing initiatives to improve the effectiveness of the Internal Audit program. Ensure procedures are up to date to provide guidance for the internal auditors in performing their work
Continuously monitor and enhance internal audit methodologies, tools, and best practices to promote efficiency and effectiveness
Responsible for the training and development of assigned staff including identifying training and individual development needs
Monitor internal audit staff work performance; prepare performance appraisals for the internal audit staff; establish annual goals and objectives for internal audit staff
Evaluate and recommend staffing needs
Monitor the planning activities for assigned audits which include defining the objectives and scope of the audit, documenting business processes and procedures, and developing the audit program
Research and develop audit programs for new and/or repeat audits taking into consideration previous audit work, current policies, procedures, law, rules and regulations; define the overall audit objectives; direct audit entrance and exit conferences, meetings, and briefings with other System staff to discuss internal audit results and compliance issues
Perform the audit procedures for assigned audits in accordance with the Global Internal Audit Standards promulgated by the Institute of Internal Auditors. This includes collecting and analyzing complex data to perform analytical procedures and select samples; testing compliance with internal and external rules, laws and regulations; performing complex benefit calculations such as reciprocal retirement claims; performing complex investment audits including management fee calculations; evaluating the internal controls; identifying and developing potential issues and recommendations; and documenting the work performed in the audit work papers
Consults with the Director of Internal Audit during an audit regarding changes to the audit program, problems which have occurred, and the progress of the audit
Conducts special projects assigned by the Director of Internal Audit
Discuss potential findings and observations with the Director of Internal Audit and appropriate management. Compose audit reports including any potential findings and observations and review with the Director of Internal Audit
Assist in presenting audit reports including any findings and/or observations to the Executive Director, Executive Management, and the Audit Committee of the Board of Trustees
Assist in the work of external (contracted) auditors hired to assist Internal Audit in specialized areas. Participate in the acquisition of external audit resources as needed. This may include verifying potential vendors, setting selection criteria, developing requests for proposals, evaluating vendor responses, and recommending the most suitable vendor
Initiate special research projects such as conducting research of applicable laws, statutory mandates, administrative rules, regulations, policies and procedures
Maintain and facilitate a system for the follow-up of findings and observations for both internal and external audits
Qualification
Required
Requires a bachelor's degree in accounting, finance, business administration or related field
Requires at least 8 years of either public accounting or internal auditing experience
Ability to analyze and interpret data
Demonstrated written and verbal communication skills
Maintains a high degree of professionalism
Ability to lead/manage others
Excellent collaboration and team building skills
High ethical standards with the ability to maintain confidentiality
Preferred
Two (2) years of supervisory experience is preferred
CPA, CIA or CFE designation is preferred
Investment and/or Information Technology experience is a plus
Proficient with Microsoft Office Suite
Benefits
Medical, dental and vision coverage
TRS retirement pension plan
State of Illinois deferred compensation plans
Company
State of Illinois
State of Illinois is the state governance platform of Illinois.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
J.B. Pritzker
Governor
Recent News
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2025-09-20
2025-09-12
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