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Internal audit director hiring summary. Here are some key points about hiring internal audit directors in the United States:
Here's a step-by-step internal audit director hiring guide:
An internal audit director is in charge of spearheading and overseeing the auditing procedures in an organization, ensuring accuracy and efficiency. Among their responsibilities include setting goals and objectives, managing budgets and timelines, gathering and analyzing the organization's financial data, supervising staff, and developing strategies to optimize procedures. They may also liaise with internal and external agencies, perform audits, and address issues and concerns, investigating and resolving them promptly and efficiently. Moreover, as a director, it is essential to lead and encourage the workforce to reach goals, all while enforcing the organization's policies and regulations.
Before you post your internal audit director job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find an internal audit director for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them an internal audit director to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an internal audit director that fits the bill.
This list presents internal audit director salaries for various positions.
| Type of Internal Audit Director | Description | Hourly rate |
|---|---|---|
| Internal Audit Director | Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time... Show more | $39-96 |
| Auditor Supervisor | An auditor supervisor is a financial professional who manages a staff of audit professionals and controls consulting engagements that evaluate the management and operating practices of a corporate. This supervisor is required to supervise audit planning and fieldwork as well as communicates findings and recommendations to senior management... Show more | $28-55 |
| Audit Internship | An audit intern is responsible for assisting the finance department in processing financial reports, analyzing account statements, releasing invoices, and conducting tax audits. Audit interns shadow tenured staff on the operation procedures to familiarize themselves with work processes... Show more | $15-34 |
Including a salary range in your internal audit director job description is one of the best ways to attract top talent. An internal audit director can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $164,677 | $79 |
| 2 | California | $163,585 | $79 |
| 3 | Washington | $154,320 | $74 |
| 4 | District of Columbia | $148,260 | $71 |
| 5 | New Jersey | $145,605 | $70 |
| 6 | Massachusetts | $138,074 | $66 |
| 7 | Virginia | $137,870 | $66 |
| 8 | Michigan | $137,707 | $66 |
| 9 | Georgia | $122,106 | $59 |
| 10 | Colorado | $121,190 | $58 |
| 11 | Arizona | $115,678 | $56 |
| 12 | Texas | $115,303 | $55 |
| 13 | Illinois | $114,387 | $55 |
| 14 | Connecticut | $114,365 | $55 |
| 15 | North Carolina | $113,660 | $55 |
| 16 | Ohio | $105,858 | $51 |
| 17 | Nevada | $104,830 | $50 |
| 18 | Utah | $100,305 | $48 |
| 19 | Florida | $99,093 | $48 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Citi | $193,067 | $92.82 | 1 |
| 2 | Meta | $186,237 | $89.54 | 7 |
| 3 | Pure Storage | $184,104 | $88.51 | |
| 4 | Victory Capital | $177,915 | $85.54 | |
| 5 | Revlon | $177,549 | $85.36 | |
| 6 | Walmart | $176,453 | $84.83 | 4 |
| 7 | JPMorgan Chase & Co. | $175,842 | $84.54 | 40 |
| 8 | Cambridge Associates | $173,303 | $83.32 | |
| 9 | BNY Mellon | $172,147 | $82.76 | 6 |
| 10 | Evercore | $170,939 | $82.18 | |
| 11 | Barclays | $164,915 | $79.29 | 2 |
| 12 | Children's Minnesota | $164,005 | $78.85 | |
| 13 | First Republic Bank | $163,495 | $78.60 | |
| 14 | Starbucks | $157,695 | $75.81 | |
| 15 | Morgan Stanley | $156,257 | $75.12 | 9 |
| 16 | CPI Card Group | $156,008 | $75.00 | 1 |
| 17 | Carle Foundation | $155,534 | $74.78 | 7 |
| 18 | Silicon Valley Bank | $154,038 | $74.06 | |
| 19 | James River Ins | $154,025 | $74.05 | 1 |
| 20 | Intuit | $150,743 | $72.47 | 3 |
A good internal audit director job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of an internal audit director job description:
There are various strategies that you can use to find the right internal audit director for your business:
Your first interview with internal audit director candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect internal audit director candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new internal audit director. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Recruiting internal audit directors involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
Internal audit directors earn a median yearly salary is $129,717 a year in the US. However, if you're looking to find internal audit directors for hire on a contract or per-project basis, hourly rates typically range between $39 and $96.