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Lead auditor hiring summary. Here are some key points about hiring lead auditors in the United States:
Here's a step-by-step lead auditor hiring guide:
Lead auditors are professionals who are responsible for providing leadership and coordinating work schedules to a team of audit experts within an organization. These lead auditors are required to prepare audit plans and conduct team meetings before conducting internal or external audits at the end of the quarter or year. They must conduct audits to provide reviews to the management about the effectiveness of the overall quality system. Lead auditors must also develop action plans to improve the financial reporting systems of the organization.
The lead auditor hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A lead auditor's background is also an important factor in determining whether they'll be a good fit for the position. For example, lead auditors from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
The following list breaks down different types of lead auditors and their corresponding salaries.
| Type of Lead Auditor | Description | Hourly rate |
|---|---|---|
| Lead Auditor | 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 | $29-55 |
| Compliance Analyst | A compliance analyst is in charge of ensuring that every operation and aspect in a company or facility adheres to the laws and regulations. They are also responsible for conducting regular inspections and assessments, producing reports and presentations, disseminating necessary information and reminders, researching existing policies and laws related to the industry, and remaining updated with new regulations... Show more | $18-41 |
| Compliance Officer | A compliance officer is responsible for monitoring company operations, ensuring that all the processes and members are adhering to the regulatory and procedural policies set by the company. Compliance officers' duties also include proposing compliance programs, reviewing and updating existing company policies with management approval, taking immediate actions for policy violations, and mitigating risks... Show more | $20-46 |
Including a salary range in your lead auditor job description helps attract top candidates to the position. A lead auditor salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a lead auditor in South Dakota may be lower than in New York, and an entry-level lead auditor usually earns less than a senior-level lead auditor. Additionally, a lead auditor with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $114,262 | $55 |
| 2 | California | $102,638 | $49 |
| 3 | District of Columbia | $102,217 | $49 |
| 4 | Massachusetts | $94,088 | $45 |
| 5 | New Jersey | $93,910 | $45 |
| 6 | Delaware | $92,857 | $45 |
| 7 | Pennsylvania | $90,273 | $43 |
| 8 | Virginia | $89,414 | $43 |
| 9 | Texas | $85,426 | $41 |
| 10 | Maryland | $83,518 | $40 |
| 11 | Ohio | $82,305 | $40 |
| 12 | Michigan | $81,896 | $39 |
| 13 | Colorado | $80,424 | $39 |
| 14 | Illinois | $79,164 | $38 |
| 15 | Indiana | $78,905 | $38 |
| 16 | Georgia | $78,199 | $38 |
| 17 | South Carolina | $77,695 | $37 |
| 18 | Nevada | $76,370 | $37 |
| 19 | Arkansas | $73,883 | $36 |
| 20 | Missouri | $73,199 | $35 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $141,213 | $67.89 | 5 |
| 2 | LendingClub | $114,325 | $54.96 | 1 |
| 3 | Intuit | $109,275 | $52.54 | 1 |
| 4 | J.P. Morgan | $106,431 | $51.17 | |
| 5 | Bristol-Myers Squibb | $101,936 | $49.01 | 8 |
| 6 | Bank of the West | $98,841 | $47.52 | |
| 7 | BNP Paribas | $98,485 | $47.35 | |
| 8 | Salesforce | $97,163 | $46.71 | |
| 9 | DFS Corporate Services LLC | $94,858 | $45.60 | |
| 10 | AT&T | $94,732 | $45.54 | 7 |
| 11 | Visa | $94,196 | $45.29 | 2 |
| 12 | Silicon Valley Bank | $93,416 | $44.91 | 1 |
| 13 | FirstEnergy | $93,354 | $44.88 | 1 |
| 14 | CVS Health | $93,232 | $44.82 | 8 |
| 15 | PSEG | $92,223 | $44.34 | 1 |
| 16 | Air Products | $91,239 | $43.86 | |
| 17 | DQS Inc. | $91,187 | $43.84 | 2 |
| 18 | TÜV SÜD America | $91,093 | $43.79 | 134 |
| 19 | Sherwin-Williams | $90,877 | $43.69 | 4 |
| 20 | ERM | $90,480 | $43.50 |
A lead auditor job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a lead auditor job description:
To find lead auditors for your business, try out a few different recruiting strategies:
During your first interview to recruit lead auditors, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
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 selected the best lead auditor candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
There are different types of costs for hiring lead auditors. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new lead auditor employee.
You can expect to pay around $85,352 per year for a lead auditor, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for lead auditors in the US typically range between $29 and $55 an hour.