Internal Audit Jobs in Chicago, Illinois: Salary Overview and Job Description

Internal Auditors play a vital role in ensuring organizational effectiveness and compliance. Chicago, Illinois, is a hub for internal audit professionals, with numerous job opportunities available in various industries. This article provides an overview of Internal Audit jobs in Chicago, including salary ranges, job descriptions, and industry-specific requirements.

Salary Overview: Internal Audit Jobs in Chicago

Internal Audit Analyst: $60,000 – $90,000 

Senior Internal Auditor: $80,000 – $120,000 

Internal Audit Manager: $100,000 – $150,000 

Senior Internal Audit Manager: $120,000 – $180,000 

Chief Audit Executive: $150,000 – $200,000 

Job Description: Internal Auditor

Key Responsibilities:

1. Audit Planning: Plan and execute audit engagements.
2. Risk Assessment: Identify and assess business risks.
3. Control Evaluation: Evaluate internal controls.
4. Audit Testing: Perform audit testing and evaluation.
5. Financial Analysis: Conduct financial analysis and review.
6. Compliance Audit: Conduct compliance audits.
7. Operational Audit: Conduct operational audits.
8. Special Audit Projects: Conduct special audit projects.

Requirements:

1. Education: Bachelor’s degree in Accounting, Finance, or related field; CIA or CPA preferred.
2. Experience: Minimum 2-5 years of internal audit experience.
3. Language Skills: Fluency in English.
4. Technical Skills: Proficiency in audit software, such as ACL or IDEA.
5. Soft Skills: Strong analytical, communication, and problem-solving abilities.

Industry-Specific Requirements:

1. Public Accounting: Experience with auditing and financial statement preparation.
2. Corporate Finance: Knowledge of financial planning and analysis.
3. Private Equity: Understanding of private equity investments and exits.
4. Real Estate: Familiarity with real estate finance and development.

Career Path and Progression:

1. Internal Audit Analyst: Senior Internal Auditor
2. Senior Internal Auditor: Internal Audit Manager
3. Internal Audit Manager: Senior Internal Audit Manager
4. Senior Internal Audit Manager: Chief Audit Executive

Challenges and Opportunities:

1. Regulatory Complexity: Navigate complex regulatory environment.
2. Economic Volatility: Manage financial risks amidst economic uncertainty.
3. Growth Opportunities: Identify emerging opportunities in internal audit.
4. Talent Development: Attract and retain top internal audit talent.

Job Opportunities in Chicago:

1. Deloitte
2. Ernst & Young
3. KPMG
4. PricewaterhouseCoopers
5. RSM
6. BDO
7. Grant Thornton
8. Crowe Horwath
9. Baker Tilly
10. Plante Moran

Top Job Titles in Chicago:

1. Internal Auditor
2. Senior Internal Auditor
3. Internal Audit Manager
4. Senior Internal Audit Manager
5. Chief Audit Executive
6. Audit Analyst
7. Compliance Auditor
8. Operational Auditor
9. Financial Auditor
10. IT Auditor

Skills Required:

1. Audit planning and execution
2. Risk assessment and management
3. Control evaluation and testing
4. Financial analysis and review
5. Compliance audit
6. Operational audit
7. Special audit projects
8. Communication and interpersonal skills
9. Analytical and problem-solving skills
10. Technical skills in audit software

Average Salary Growth Rate: 5-7% per annum

Job Satisfaction Rate: 8/10

Conclusion:

Internal Audit jobs in Chicago offer challenging and rewarding career opportunities. With competitive salaries and growing demand, Chicago is an attractive destination for internal audit professionals.

If you are looking for suitable job, please upload your CV or apply here: www.finjobhub.com