Internal Auditor

POSITION PURPOSE

The Internal Auditor I is responsible for supporting the execution of internal audit activities designed to evaluate and improve the effectiveness of the utility's internal controls, risk management, and governance processes. This role assists in performing financial, operational, and compliance audits to ensure regulatory and organizational standards are met. The Internal Auditor I works under close supervision, collaborating with cross-functional teams to identify areas of improvement and contribute to the integrity and transparency of business operations.

Core Responsibilities

Note: This is not an all-inclusive listing.

Audit Planning, Execution and Documentation:

• Assist in planning and conducting internal audit projects across departments which are designed to assess operational efficiency, internal controls, and compliance with applicable policies and regulations.
• Document audit procedures, testing of internal controls, findings, and recommendations clearly and accurately in audit workpapers.

Risk Assessment and Compliance:

• Help identify and evaluate key risks within financial and operational processes based upon the outcome of audit projects.

Reporting and Follow-Up:

• Contribute to the preparation of audit reports summarizing audit findings and suggested improvements.
• Support follow-up activities to monitor the implementation of corrective actions.

Collaboration and Communication:

• Work closely with internal departments and external stakeholders where applicable to gather necessary data and understand business processes.
• Communicate effectively with team members and auditees to ensure transparency throughout the audit process.

Continuous Improvement:

• Stay informed on relevant regulations, industry standards, and best practices in internal auditing.
• Identify opportunities for process improvements and efficiencies in team audit practices.

Skills

Typically works under close supervision and guidance from senior auditors.

• Strong attention to detail and organizational skills.
• Basic understanding of internal control frameworks (e.g. Sarbanes Oxley).
• Effective written and verbal communication skills.
• Ability to handle sensitive information with integrity and discretion.
• Must be familiar with Microsoft Excel, Word, and audit-related software tools.
• Willingness to learn and adapt in a structured audit environment.

Education

• Bachelor's degree in accounting, finance, business administration, or a related field.

Experience

• One to two years of experience in accounting, finance, or internal audit roles.
• Experience in a regulated utility environment is a plus but not required.
• Internship or cooperative education experience in auditing or finance preferred.

Working Conditions

• This position is typically based in an office environment, with occasional visits to operational facilities for audit activities.
• May involve sitting for extended periods, reviewing documents, and working with confidential data.
• Must be able to meet deadlines and manage multiple tasks, sometimes under time constraints.

About MGE

MGE generates and distributes electricity to 167,000 customers in Dane County, Wisconsin, and purchases and distributes natural gas to 178,000 customers in seven south-central and western Wisconsin counties. MGE is a regulated utility subsidiary of the investor-owned public utility holding company MGE Energy, Inc. MGE's roots in the Madison area date back more than 150 years.

An industry leader, MGE was among the first utilities nationwide to commit to net-zero carbon electricity by 2050, consistent with global climate science. Your community energy company is investing in a more sustainable future for the benefit of all our customers, investors, and employees. As your community energy company, we are committed to this area and its people. We take responsibility to:

• Plan and provide a safe, reliable, and cost-effective energy supply that balances the needs and values of those we serve.
• Provide information and education to serve our customers and stakeholders and help inform their energy decisions.
• Preserve and protect our environment while providing affordable, reliable energy.
• Encourage and support economic and business development to keep our economy strong and vibrant.
• Engage in open and honest dialogue, partnership, and collaboration to best serve our customers and the broader community.

Our Values

• Safety: Safety is a core value at MGE. The safety of our employees, customers, and communities is our top priority. Our culture initiatives continuously improve our safety performance. MGE has earned numerous safety awards for this safety performance, including the AGA Leading Indicator Safety Award.
• Reliability: We invest in our people and in our systems to help ensure top-ranked energy reliability that helps to maintain the economic health and vitality of the communities we serve. MGE is a national leader in electric reliability.
• Sustainability: With a commitment to transparency, accountability, and continuous improvement, we take a holistic and proactive approach to sustainable practices company-wide.
• Equity: We are committed to equity and inclusion in our service to our customers, in our workplace, and in our broader community, and we value diverse perspectives, ideas, cultures, and backgrounds.

MGE's parent company is MGE Energy, Inc., a public utility holding company. Its common stock trades on the NASDAQ Stock Market. For more information, visit mge.com and mgeenergy.com.

JOB LOCATION

The position is hybrid, and office days are in downtown Madison, Wisconsin, where MGE is an active participant in community efforts to preserve the area's extraordinary quality of life. We offer free, on-site parking and are located near biking trails and bus stops. Many employees enjoy the use of our many on-site EV charging stations.

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