Director, Internal Audit (Hybrid)

About the role

Forged Fiber, which delivers an open-access fiber network platform, is hiring an Internal Audit Director for its Forged Fiber 37 unit in Denver, Colorado, on a hybrid basis. The Director leads the independent, risk-based internal audit function, owns the audit strategy, enterprise risk assessment, multi-year roadmap and annual plan, and advises executive leadership on governance, risk management, internal controls, financial reporting and operational performance.

Key responsibilities

• Define the audit function's vision, charter, strategy, operating model and multi-year roadmap, and obtain executive and committee approval of the plan, budget, staffing model and audit priorities.
• Maintain audit independence, authority and unrestricted access, and oversee assurance, advisory, investigation and remediation activities.
• Report clearly to executives and committees on risks, control deficiencies, root causes, management actions and overdue remediation, and escalate material issues promptly.
• Set audit policies, methodologies, risk-rating criteria, documentation standards, reporting protocols and a quality assurance and improvement program.
• Coordinate with external auditors, lenders, sponsors, consultants, Legal and Compliance to reduce duplication and support audit readiness.
• Track remediation commitments and challenge management's risk-acceptance decisions when warranted.
• Procure-to-pay and vendor management audits: evaluate controls over procurement, purchase orders, invoices, vendor onboarding, master files, duplicate vendors, banking changes and unauthorized payments, and assess vendor agreement compliance.
• Capital projects and fixed asset audits: lead audits of fiber deployment and network construction, review capital vs. operating expense classification, project closeout, depreciation and asset retirement, and contractor management.
• Revenue recognition and billing audits: review contract terms, billing accuracy, customer credits, manual adjustments, revenue cut-off and recurring service compliance.
• Financial reporting and close audits: evaluate revenue assurance, month-end and quarter-end close, journal entries, reconciliations, aging reconciling items and audit readiness.
• Treasury and cash management audits: bank account governance, wire transfer approvals, positive pay, cash forecasting, access controls and safeguarding of cash.
• IT controls audits: IT general controls, access provisioning, segregation of duties, change management, backups, ERP controls (NetSuite) and system implementations.
• Contract lifecycle management audits: contract administration, renewals, obligations, non-standard provisions and termination rights.
• Inventory and network asset audits of network assets, inventory, spare equipment and fixed assets.