Job Description
Job Details
Description Minnkota Power Cooperative Internal Controls and Risk Analyst I Minnkota Power Cooperative is seeking applicants for an Internal Controls and Risk Analyst I in our Legal department at our headquarters in Grand Forks, North Dakota. The Internal Controls and Risk Analyst I is responsible for performing comprehensive reviews of the organization’s processes, systems, and operations to detect potential risk areas and determine compliance with all applicable directives, standards and regulations. This position also supports the organization’s business insurance and claims management portfolio. The Internal Controls and Risk Analyst I works both independently and with others.
The pay range for this position begins at $72,677 per year. Appropriate compensation will be determined based on a candidate's skills, education, and any previous relevant experience.
Essential Responsibilities - Perform comprehensive reviews
- Plan and execute internal reviews according to the annual audit plan
- Analyze and assess the effectiveness of controls, risk management, and processes within the organization
- Analyze data and information to identify potential issues
- Provide recommendations and guidance on how to address control weaknesses, deficient standards and process inefficiencies
- Prepare and present reports that accurately reflect review results and document a follow-up process
- Communicate review results
- Assist Subject Matter Experts (SMEs) in the development, implementation, and modification of policies, procedures, programs, guidelines, and solutions
- Collaborate with SMEs to ensure documentation and programs meet all applicable directives, standards and regulations
- Assist in making recommendations for modifying policies and procedures based on review analysis
- Monitor reviews and audits (internal and external)
- Document key review and audit information
- Follow up with responsible parties to determine recommendation progress on completed reviews/audits
- Conduct follow up reviews
- Complete contract audits
- Perform contract audits as requested
- Insurance
- Maintain insurance records and documentation
- Analyze insurance policies
- Submit and manage claims
- Potential for interfacing with agents, brokers or adjusters
Organizational Competencies - Safety
- Integrity
- Teamwork
- Innovation
- Reliability
Job Competencies - Approachability
- Learning on the Fly
- Organizing
- Process Management
- Written Communications
Goals and Objectives An employee filling this role is expected to meet changing and unique goals and objectives, as established by their supervisor, related to the broader area in which the employee is assigned.
Job Qualification Standards Education and Training
- Position requires a bachelor’s degree in Accounting, Finance, Business, Risk Management, or related field
- Proven knowledge of auditing standards and procedures, laws, rules and regulations
- Experience in legal, medical, or financial settings with demonstrated experience in regulatory compliance would be beneficial
- Computer proficiency in operating a personal computer and standard business applications including Microsoft Office suite, databases, and other related applications
- Must maintain a valid driver’s license
Experience - This is an entry level position. Utility industry experience is not necessary.
Physical and Mental Demands The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of the position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Physical demands: While performing the duties of this position, the incumbent is primarily required to sit, stand, walk, stoop, bend and frequently utilize a keyboard/computer. Specific vision abilities include close vision, peripheral vision, depth perception and the ability to adjust focus.
Mental demands: While performing the duties of this position, the incumbent will be required to problem solve, read, write and analyze data, work under schedules and deadline pressure, present information to others, work independently with minimal direction, work with others as a team player, and use discretion and judgment for confidential or sensitive projects/issues.
Work Environment: While performing the duties of this position, the employee is normally exposed to an open office (cubicle) environment indoors, but will travel outdoors to multiple locations dependent on work.
Benefits Minnkota Power Cooperative supports employees through a strong total compensation package that includes a competitive pay and benefits package, along with career growth opportunities. The cooperative offers:
- Medical insurance
- Dental insurance
- Vision insurance
- 401(k)
- Pension plan
- Life insurance and AD&D
- Disability insurance
- Paid leave: Holidays and floating holidays, Vacation, Sick leave
- Employee Assistance Program
- Flexible Spending Accounts for dependent care
- Educational assistance
- Membership in select professional organizations
Job Tags
Contract work, Work at office, Flexible hours,