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ISL Education Lending is looking for an internal audit manager to support the audit function for the company and its wholly owned subsidiary, Aspire Resources Inc. The internal audit manager interacts with external auditors and reviewers, performs or coordinates various validation efforts over loan servicing, and supports processes and other corporate policies and procedures.
ISL Education Lending is the name under which Iowa Student Loan Liquidity Corporation does business. We are all about success — students looking for funding, borrowers needing assistance repaying loans and consumers navigating the student loan landscape. That success starts with you.
As an employee at ISL:
- You will receive in-house training, mentoring and opportunities for advancement.
- You will be empowered to share your ideas and creativity.
- You will earn a competitive wage with excellent workplace benefits.
- You will enjoy a casual workplace with opportunities for fun and team-building.
Job Responsibilities
The qualified candidate will:
- Serve as a liaison between external auditors/reviewers and ISL and ARI business units for scheduling independent audits, assessments and reviews. This includes such activities as developing, maintaining and publishing an event calendar; participating in all entrance and exit meetings; delivering and distributing audit reports; and facilitating corporate responses.
- Administer the prepared by client (PBC) request process, to include:
- Requesting and obtaining PBC lists from outside auditors and reviewers.
- Analyzing PBC lists to validate examination scope applicability.
- Reviewing PBC turnaround times and, if applicable, negotiating directly with the outside party to establish reasonable delivery timeframes.
- Timely distribution of PBC list items to applicable internal business units, including communicating clear and reasonable timeframes for support information generation.
- Reviewing support information received from business units prior to release to outside party to ensure data integrity and validity.
- Organizing and tracking PBC list progress against expected timeframes, including documentation of delivery of information to outside parties.
- Maintaining documentation of engagement results and findings.
- Coordinate the completion of client questionnaires. This includes client questionnaires that might lead to or are in advance of client audit or review examinations and conclusions about compliance with contractual or legal responsibilities surrounding loan servicing relationships.
- Perform internal reviews (audits) and self-assessments, including:
- Assisting in the annual planning process.
- Planning and preparing individual internal reviews, including scope determination, internal PBC list generation, event calendar and communication to applicable business units.
- Assist with documentation of internal control environment. This includes working with business units to understand and document controls through process workflow diagrams and narratives.
- Provide assistance and guidance to internal business units in completing annual and ongoing risk assessments.
- Perform other duties as assigned.
Competencies
The qualified candidate will:
- Have strong interpersonal skills.
- Be analytical with strong organization skills to handle multiple priorities and tasks.
- Be able to express ideas clearly and accurately via written and verbal communications.
- Use creative thinking to effectively and efficiently resolve complex problems.
Qualifications
The qualified candidate must have:
- Experience in conducting internal and external audits.
- Familiarity with U.S. auditing standards.
- Familiarity with internal control frameworks.
Knowledge and experience with loan originators and loan servicers is a plus.
An associate degree or higher in accounting, finance or related field preferred.
Physical Activities/Working Conditions
The position requires the employee to:
- Sit frequently.
- Use office equipment including a personal computer, keyboard and mouse.
- Interact frequently with others in person, over the phone, virtually and via email and other devices.
- Occasionally work variable hours as required.
To apply for this position, please complete the employment application (PDF) and send it with a cover letter and resume to recruitment@studentloan.org
ISL is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or veteran status.
