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Auditor I and II
Job ID: 7886
Business Unit: MTA Headquarters
Location: New York, NY, United States
Regular/Temporary: Regular
Department: Audit Services
Date Posted: Jun 27, 2024
Description
JOB TITLE: Auditor I and Auditor II
SALARY RANGE: Auditor I $72,002
Auditor II $79,202HAY POINTS: 282 and 342
DEPT/DIV: Audit Services
SUPERVISOR: Audit Director / Audit Manager
LOCATION: 2 Broadway
HOURS OF WORK: 9:00 am - 5:30 pm (7 1/2 hours/day)
This position is eligible for telework which is currently one day per week. New hires are eligible to apply 30 days after their effective date of hire.
SUMMARY:
Auditors I and II perform assurance, operational, technology and contracts audits and develop audit recommendation under the supervision of Director/Manager or Senior Auditor in accordance with MTA practices, the Institute of Internal Auditors (IIA) standards, and the International Professional Practices Framework (IPPF) for Internal Auditing. They are exposed to various projects under different business units of the MTA and will be expected to perform general research work, conduct audit steps as laid out in the audit program, and any other support work on an as needed basis. They are expected to perform work in a professional manner, which requires consistent exercise of discretion and judgement. They will develop a professional working relationship with clients and must be able to understand the client’s business operations.
Level I
Requires a degree in Auditing, or Accounting with course work including audit, or other related business or operational field. If the specialized academic training did not include audit course work, the employee will also require one year of audit experience. Employee will utilize their knowledge of Audit standards to analyze interpret or make deductions from varying facts or circumstances in accordance with audit standards. .
Level II
Conduct more complex audit than an Auditor I and is expected to demonstrate limited independence. In addition, requires up to two years of audit experience and must have successfully and timely completed the audits assigned in accordance with professional audit standards. The Auditor II is expected to analyze, interpret data and make deductions from varying facts or circumstances in accordance with audit standards of evidence. The Department operating budget is approximately $7.4 million. The auditors identify approximately $40 million per year in potential cost savings or cost avoidance opportunities through their work. This includes approximately $20 million related to operating costs and $20 million related to capital costs. Capital group auditors are expected to achieve approximately $1 million in cost saving/avoidance. Operation group auditors are expected to achieve on average approximately $500,000 in cost saving/avoidance annually.
The Capital Contract Division is responsible for auditing Capital Construction Costs. The 5-year Capital Budget is approximately $55 Billion.
The Operation Division is responsible for auditing all operational functions. The MTA Operating Budget is approximately $17 Billion.
RESPONSIBILITIES:
Level I
Auditor levels I and II both perform similar job functions with an exception that the complexity of the audit increases for level II auditors and they are expected to demonstrate limited independence.
Under supervision, perform assigned audit or segment of an audit under the direction of a Director, Manager, and/or Senior Auditors. This includes performing basic research work for more senior auditors, learning MTA practices on performing audits and interacting with various MTA departments to develop basic working understanding of their operations.
Assist in the selection of audit procedures and in performing audit programs steps.
Prepare work papers summarizing research and evidentiary data obtained to support conclusions reached.
Discuss results of work with supervisors, in timely manner, including deficiencies found and recommended corrective actions.
Document findings developed during the audit.
Validate and ensure proper documentation is uploaded in the Governance Risk and Compliance (GRC) system to close the recommendations.
The incumbent is expected to develop professional audit skills in accordance with the International Professional Practices Framework (IPPF) which provide the International Standards for the professional practice of internal auditing and the IIA standards.
An Auditor I should become aware of the Committee of Sponsoring Organizations (COSO) model, which is the internal control framework of the MTA, and how it applies within the audit scope of work.
The incumbents will support any work assignments required to aid in the audit department in its business objectives.
Participate in special projects as needed and work on any other duties as assigned.
Level II (Same as Level I with the following additional requirement)
With supervisory assistance, conducts or participates in detailed analyses and review.
Assists in determining the extent of required audit testing. Prepares audit programs and suggests changes to such during the course of review, to ensure audit objectives are achieved.
Review work papers in accordance with the IPPF to ensure conclusions reached are supported by sufficient evidential data.
Discuss results of work with supervisors in a complete and timely manner, including deficiencies found and recommended corrective actions.
Prepare written material based on detailed analysis for inclusion in audit reports.
Familiar with the (COSO) model.
Conduct special projects as needed.
KNOWLEDGE, SKILLS, AND ABILITIES:
Level I
Written and oral communication skills
Analytical and business judgement skills
Ability to perform assigned audit tasks timely and accurately
Ability to interact effectively with departmental staff
Awareness of the Committee of Sponsoring Organizations (COSO) model.
Familiarity with PC applications such as Word, Excel, PowerPoint, and Outlook
Level II
Same as level I with the following additions
Effective time management skill
Ability to perform assigned audit tasks timely and accurately
Ability to interact effectively with departmental and agency staff and management
Understanding of professional audit practices, including audit program and workpaper development
PREFERRED for the two levels where applicable:
Attainment of or in the process of attaining specific functional licenses or certifications in area of specialty if applicable (CIA, CPA, CISA, COSO)
Familiarity with the MTA’s policies and procedures.
Familiarity with the MTA’s collective bargaining procedures.
EDUCATION AND EXPERIENCE: REQUIRED
Level I
Undergraduate degree in Accounting, Auditing, Computer Science, or other related business or operational field.
Approximately one year experience in financial/operational/technology/contract type auditing through actual internal audit work or specialized academic training and or related industry experience is desirable.
Level II
Same as level I with the following additional experience:
Two years of experience in financial/operational/technology/contract type auditing, specialized academic training in auditing or related industry experience is desirable.
OTHER INFORMATION:
Pursuant to the New York State Public Officers Law & the MTA Code of Ethics, all employees who hold a policymaking position must file an Annual Statement of Financial Disclosure (FDS) with the NYS Commission on Ethics and Lobbying in Government (the "Commission")
Equal Employment Opportunity
MTA and its subsidiary and affiliated agencies are Equal Opportunity Employers, including with respect to veteran status and individuals with disabilities.
The MTA encourages qualified applicants from diverse backgrounds, experiences, and abilities, including military service members, to apply.