JOB TITLE: Director of Audit
Entity (SFG or SCB): SCB
Job Classification: Exempt, Full-Time
Department: Audit
Reports to: Audit Committee of the Board of Directors of Summit Financial Group, Inc.
Reports Administratively to: Executive Vice President and Chief Risk Officer of Summit Financial Group, Inc.
General Summary:The Director of Audit (Director) administers the Audit Program for the Holding Company and the Bank (Company) including the internal auditing program, Sarbanes Oxley 404 testing, and performing the function of liaison with external auditors.
The Director oversees the review of operations for evidence of fraud, deficiencies in controls or performance extravagance, or non-compliance with established policy, regulations or laws.
Education requirements: A Bachelor of Science degree in Accounting or Business Administration, audit and supervisory experience are required.
Experience or Skill requirements: Must be analytical with math, human relations and communication skills. Must be confident and persistent to uncover and follow through on questionable items or procedures. The incumbent must use independent judgment.
Certification requirements:
A relevant certification, such as Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) designation, is required.
Duties:

• Assess the Company’s risks for determination of audit depth and frequency and proposes an audit schedule annually to the Audit Committee of the Board of Directors based on that assessment.

• Oversee audits of internal operations of the Company’s books, records, procedures, performances, and controls for fraud, errors, deficiencies in record keeping, and non-compliance with policy, regulation or law.

• Administer the testing of Sox404 for SEC reporting requirements.

• Issue reports to the Audit Committee and ask Management for comments on all audits performed including the scope of the audit, its results, and recommendations for corrective measures as necessary.

• Maintain a tracking report of outstanding findings and provide updates to the Audit Committee at each meeting.

• Assist external auditors as needed.

• Coordinate collection of material for regulator examinations.

• Work to grow the ability of staff including recommending training for self and staff.

• Perform additional duties and responsibilities as directed by the Audit Committee.

Relationships:

• The Director of Audit supervises all Staff Auditors.

• Responsible to the Audit Committee for the fulfillment of functions and responsibilities.

• Advise and assist department managers, officers, and staff in their functions associated with the areas for which he or she has direct responsibility.

Salary varies, based on experience.

Job Type: Full-time

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