Internal Auditor

JACKSON ELECTRIC MEMBERSHIP CORPORATION POSITION DESCRIPTION

INTERNAL AUDITOR

POSITION OBJECTIVES: To review, evaluate, and improve internal control, risk management, compliance and governance processes within the organization; to assist in providing financial and statistical data to management for use in the areas of financial planning, work plans, and budgetary controls; to cooperate and communicate in a team-oriented environment in accordance with the Cooperative's mission, vision, and values.

MINIMUM JOB SPECIFICATIONS:

All requirements are subject to possible modification to reasonably accommodate individuals with disabilities.

EDUCATION: Require bachelor's degree in business administration with a major in accounting or similar field. Require MBA, Master of Accounting, CPA, or Certified Internal Auditor Certification (CIA).

EXPERIENCE: Require four (4) years of professional experience in the area of accounting and finance. Require two (2) years of internal audit experience. Prefer experience with an electric utility in accounting systems design, financial controls, financial analysis systems design, and budgetary planning.

KNOWLEDGE: Require a working knowledge of the principles, theories, and practices of accounting and finance as prescribed by the American Institute of Certified Public Accountants. Require a working knowledge of Generally Accepted Auditing Standards (GAAS). Prefer knowledge of automated information systems and an understanding of the RUS Uniform System of Accounts. Require a willingness to pursue a continuous program of self-development both inside and outside of work hours in furthering his/her knowledge to develop in the job and accept increasing responsibilities.

SKILLS: Require effective leadership skills, excellent communication skills, both written and verbal, and the ability to work in a team environment. Require ability to plan, develop, evaluate and analyze problems and requirements, and plan systems and courses of action which will achieve consistent, coordinated results; develop and maintain good morale; apply research developments in the electric distribution industry; plan and prepare programs and budgets, and evaluate results toward accomplishments.

WORKING RELATIONSHIPS AND CONDITIONS:

Reports to: Vice President, Financial Services

Directs: None

Internal: Actively participates within the Cooperative team environment to develop supportive relationships essential to the success of the functions of this position, achieving the results expected and encouraging throughout the organization the concepts of teamwork and cooperative spirit.

External: Develops and maintains supportive relationships with members, the general public, and other external contacts to assure positive results.

This position is primarily sedentary work; requires visual acuity in machine operation with inspection; requires ability to hear, talk, and perform repetitive motions; and is not substantially exposed to adverse environmental conditions.

The following are the essential duties of this position and do not include marginal functions incidental to the performance of fundamental job duties. The scope and duties of a given position may change or be temporarily altered based on the needs of Jackson Electric Membership Corporation. This document does not create an employment contract, implied or otherwise, other than an "at will" employment document.

1. Ensure internal audits and consulting engagements are conducted in accordance with the Institute of Internal Auditors (IIA) Standards to evaluate and improve Jackson EMC's internal control, risk management and governance processes.

2. Lead in the planning, coordinating, and performance of an internal auditing program

3. Prepare and present audit findings to the CEO and Board of Directors at least annually.

4. Monitor audit findings and recommendations, including any by outside auditors, to assess if they are implemented by management in a timely manner.

5. Assist Jackson EMC's external auditors by providing necessary working papers, explanations, and documentation of Jackson EMC's records.

6. Assist in the preparation and maintenance of the Jackson EMC financial forecast and budget analysis. Monitor and validate the key financial ratios or other performance indicators, as needed.

7. Ensure timely reporting of Jackson EMC data to the appropriate agencies, as requested.

8. Assist in the preparation of loan application documents, as needed.

9. Be familiar with the Jackson EMC risk management plan and how it relates to relevant internal controls and compliance.

10. Complete the annual property tax return and ensure franchise tax payments are made annually.

11. Maintain a complete working knowledge of the data processing system as applied to the accounting section.

12. Achieve a general knowledge of all other aspects of the data processing system to maintain and develop internal control procedures and guidelines.

13. Assist in the monthly reconciliation of general ledger accounts and subsidiary ledgers.

14. Review department balance sheet reconciliations for quality and completeness, verifying all reconciliations agree to the general ledger monthly.

15. Maintain a complete working knowledge of RUS guidelines as they relate to construction and retirement work-in-progress and other cost accounting activities. Recommend and implement any necessary changes, ensuring we are in compliance with RUS guidelines

16. Make recommendations to their supervisor concerning improved procedures and methods.

17. Serve as liaison between Jackson EMC and our corporate credit card provider, protecting against fraudulent transactions, and ensuring employee credit cards are appropriately maintained.

18. Be familiar with and follow the best safety practices set forth in the Cooperative's Safety Manual.

19. Attend and participate in the annual meeting as required or directed.

20. Perform such other activities as may be required or directed.

GRADE: MSP-8