| Job Description: |
The Director of Internal Audit supervises and coaches the audit staff in planning, overseeing, and executing internal audits of company operations. The Director of Internal Audit coordinates the Internal Audit Department’s risk and internal control assessment process, and educates company management on risk identification and appropriate internal control framework. The Director of Internal Audit acts as a liaison regarding regulatory compliance-related audit activities.
This list of duties and responsibilities is illustrative only of the tasks performed by this position and is not all-inclusive.
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| Essential Duties & Responsibilities: |
- Coordinates the Internal Audit Department’s risk and control review process by performing control
self-assessment workshops, providing training and support on the use of the audit software and other tools, and educating management on risk identification and the internal control framework process.
- Ensures compliance with all internal audit-related requirements of the Gaming Commission, company minimum internal control standards (MICS), state requirements, and other applicable regulations.
- Provides timely and accurate completion of assigned audit work in a manner consistent with the Standards for the Professional Practice of Internal Auditing, along with the professional standards of conduct of the Institute of Internal Auditors.
- Assists in supervising ongoing audits, identifying critical control issues, and recommending corrective actions.
- Oversees and assists in planning the scope of each audit project as well as the nature, timing and extent of audit work that will be performed.
- Supervises the work of the Staff Auditors (or other staff as assigned) as it relates to the assigned audit in accordance with professional standards.
- Supervises and coaches audit staff, ensuring assignments are adequately planned in advance and performed in accordance with Internal Audits standards.
- Provides critical review and edits to the staff’s draft audit reports (and other correspondences) to ensure clarity, conciseness, and comprehensibility.
- Identifies root causes of operational and accounting-related problems and effectively discusses issues and solutions with senior management.
- Prepares audit reports in good form, with recommendations, appraisals, or analyses that will assist managers with the proper discharge of their responsibilities.
- Ensures that audit reports clearly communicate risks and key audit issues from a senior management perspective.
- Reviews and reports to company management the current status of outstanding audit findings from internal and external audits and regulatory compliance examinations.
- Provides assistance and information to the external auditors to ensure a timely and efficient completion of their audit and examination.
- Develops and maintains effective interpersonal relationships with company staff and management to ensure timely resolution of audit issues and findings.
- Ensures timely and adequate two-way communication before, during, and after each audit project to ensure mutual understanding with management of audit scope, process and results.
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Minimum Qualifications:
Education and Experience: |
- Bachelors’ degree from an accredited university in Accounting, Finance or related field required.
- Certified Public Accountant certification required.
- Certified Internal Auditor, and/or Certified Fraud Examiner certification preferred.
- Seven (7) or more years experience with internal controls, risk assessments, business process and operational auditing required.
- Three (3) or more years in casino gaming accounting or audit related work experience, and/or relevant audit experience in an independent public accounting firm or corporate business entity operating in the hospitality, entertainment, or banking industry required.
- Must be able to successfully pass a pre-employment drug/alcohol screen, background investigation, obtain and maintain gaming license and to include the following:
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| Knowledge, Abilities, Skills, and Certifications: |
- Knowledge of business English, proper spelling, grammar, punctuation, and basic arithmetic.
- Ability to communicate effectively in the English language, both verbally and in writing with staff and the general public.
- Ability to establish and maintain professional relationships with individuals of varying social and cultural backgrounds and with co-workers at all levels.
- Ability to maintain confidentiality.
- Ability to create and present effective speeches and presentations.
- Ability to analyze situations and adopt appropriate courses of action.
- Ability to work independently and meet strict time lines.
- Ability to make solid decisions and exercise independent judgment.
- Ability to be persuasive and tactful in controversial situations.
- Ability to demonstrate excellence in everything, and continually seek improvement in results.
- Ability to interpret applicable federal, state, county, and local laws, regulations, and requirements.
- Skill in operating business computers and office machines, including in a Windows environment, specifically Word, Excel, Access, presentation software (such as PowerPoint), and PC-based computerized accounting software.
- Skill in preparing, reviewing, and analyzing operational and financial reports.
- Skill in providing leadership to, supervising, training, and evaluating assigned staff.
- Skill in analyzing problems, projecting consequences, identifying solutions, and implementing recommendations.
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| Physical Demands: |
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While performing the duties of this job, the employee regularly is required to sit; use hands to finger, handle, or feel; and talk or hear. The employee occasionally is required to stand; walk; and reach with hands and arms.
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| Work Environment: |
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Evening, graveyard, holiday and/or weekend work may be required. Extended hours and irregular shifts may be required. Work is generally performed in an office setting with a moderate noise level. Some work is performed in a Casino setting with exposure to second-hand smoke and a high noise level. Evening, graveyard, holiday and/or weekend work may be required. Extended hours and irregular shifts may be required.
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