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Title: Internal Auditor & Compliance Officer
Company: CTtransit
Location: Hartford, Connecticut
Job Status: Full-time
Job ID: 149564
Responsibilities and authority of the Internal Auditor/Compliance Officer are established in Policy Bulletin XIX, “Internal Audit Policy and Procedures.” This position is responsible for monitoring compliance with Company policies, procedures, and administrative controls; to evaluate the effectiveness of procedures and controls; and to perform special research and reviews as directed.

$92,476.43 - $111,483.73

This position reports directly to the General Manager and performs all duties and responsibilities under the General Manager’s authority. The Internal Auditor/Compliance Officer shall have unrestricted and independent access to all Company departments, records, files (both hardcopy and electronic), and other documents as necessary to carry out his/her duties.

  1. Minimum possession of a bachelor’s degree in Business Administration, Management, Auditing, Accounting or a closely related field with at least five (5) years of relevant work experience is required.

  2. An equivalent combination of education and work experience on a year for year basis can be substituted for the 4-year degree requirement.

  3. Experience in accounting and/or financial, operational, and management auditing, in the field of public transportation is preferred.

  4. This position requires the ability to make decisions requiring independent judgment including the setting of priorities for performing work, excellent communication skills (especially verbal), interpersonal skills, tact and diplomacy. Ability to work both independently and in a team environment is essential.

  5. Knowledge of standard business practices and controls for purchasing and procurements, revenue security, contracting, asset management, accountability, and related functions. Knowledge of generally accepted auditing standards and practices is required.

  6. CPA or CIA certification is highly desirable.

  7. Valid drivers’ license and the ability to be insured by our insurance company throughout employment.

  8. Advanced knowledge of MS Office programs and the ability to quickly learn new software programs is required.

  9. Must handle and maintain confidential information.

  10. Must be able to drive a Company pool vehicle between CTtransit divisions and to perform internal audit reviews in any department companywide as necessary during all hours of operation.

  • Prepares an annual work program for approval by the General Manager identifying specific auditing activities to be performed, including a monthly schedule of planned internal audits. Reports regularly to the General Manager on the status of annual work program activities.

  • Performs special projects, reviews, and audits outside the annual work program as directed by the General Manager and upon request by Assistant General Managers.

  • Works with external auditors such as Marcum, Department of Transportation, Caron & Bletzer to ensure timely audit completion.

  • Examples of internal audit projects includes, but shall not be limited to:

    • Reviews of compliance with Company cash-handling and revenue security procedures.

    • Reviews of compliance with Company purchasing and contracting procedures.

    • Reviews of compliance with Company inventory control procedures.

    • Reviews of fixed asset management by CTtransit departments.

    • Reviews of compliance with procedures for controlling petty cash, gasoline credit cards, employee allowances for tools and uniforms, etc.

    • Reviews to verify inventories of bus parts, fare media, etc.

    • Reviews of compliance with human resources, financial, and in-house claims administration procedures and recordkeeping requirements.

    • Investigations of incidents involving, or potentially involving, theft or mishandling of Company assets and resources.

  • Recommends improvements in Company policies and procedures to improve accountability and control.

  • Prepares written reports documenting his/her findings on a timely basis for each internal audit activity or review. Works with the cognizant Assistant General Manager or department head where instances of non-compliance were found to correct issues.

  • Communicates with outside vendors, agencies, and other institutions as necessary to perform internal audit reviews and activities.

  • Work cooperatively with all levels of personnel.

  • Attends in-service training, seminars or other opportunities for professional development as made available by the Agency. Provides training for Agency personnel as required. Actively participates in staff meetings, trainings, etc.

  • Has thorough working knowledge of Agency policies and procedures.

  • Other additional duties and responsibilities as assigned

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