Chief Audit Officer | Metra Commuter Rail System

Chicago, IL Metra is a nationally recognized regional rail system serving the City of Chicago and surrounding suburbs. The system operates 242 stations on 11 rail lines and is the fourth busiest commuter rail system in the United States. The 2024 operating and capital budget is $1.67 billion. Metra is seeking a skilled, experienced auditor to serve as its next Chief Audit Officer. Reporting directly to the CEO/Executive Director and Board of Directors, this position is responsible for establishing and managing Metra’s audit function.

• The Chief Audit Officer (CAO) reports to the Metra CEO and Board of Directors and provides executive level leadership over the Audit Department. The department is made up of a director, a manager, and 4 staff level auditors. The CAO also manages, as needed, external auditors and firms.
• The CAO regularly presents and provides guidance to the Metra Board of Directors, the Chief Executive Officer/Executive Director, and senior leaders and executive members. The CAO must be diplomatic and collaborative with board members, internal departments, other governmental agencies, private audit vendors, and various internal and external stakeholders.
• Metra is a large, complex organization consisting of more than 2,964 employees of which approximately 2,211 are represented by 17 collective bargaining agreements in 14 unions. Metra has a diverse workforce and is committed to diversity and inclusion at all levels of the organization. Like many agencies, Metra also has an aging workforce, with 21% of its workforce eligible to retire by 2024.
• The CAO serves as the key expert and advisor on all audit functions, designing and implementing Metra’s audit programs, policies, and procedures, and ensuring adequate internal controls. The CAO, in connection with other departments, works to ensure Metra is in compliance with all applicable laws and regulatory requirements.
• Candidates must have a bachelor’s degree in business, accounting, finance, or related field, OR in lieu of degree, any combination of education and accounting or finance experience that equals four (4) years. Being a certified public accountant or having a master’s degree in business administration or related field is preferred.
• Candidates must have at least 10 - 15 years of experience in auditing, accounting, or finance, preferably in the railroad, transportation, or related industry, and must have a minimum of 5 years of progressively responsible management/supervisory experience.
• Candidates must be knowledgeable in internal auditing and accounting principles, risk and control principles, Generally Accepted Government Auditing Standards, and the Institute of Internal Auditors standards.
• Successful candidates will demonstrate collaborative leadership skills with the ability to develop and maintain productive relationships, both internally and externally.

 Starting salary range is expected to be $147,454 – $184,318 +/- depending on qualifications and experience. The range maximum is $226,576. Metra offers an excellent benefits package including pensions, and 401k/457k deferred compensation options. Residency in the City of Chicago is not required. Limited relocation expenses are available. Position is open until filled with first review of resumes on May 13, 2024.

 This position is covered by the “Revolving Door” prohibition within the State Officials and Employees Act (5 ILCS 430/5-45), which prohibits certain Metra employees (or their spouse or immediate family member) from accepting employment or compensation from a non-Metra employer for one year from the date of separation, if the employee was personally and substantially involved in the award of a contract of $25,000 or more to that non-Metra employer.