Description Job description statements are intended to describe the general nature and level of work being performed by employees assigned to this job title. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required.
The Internal Auditor is responsible for providing an objective assessment of the City's policies, procedures and operations, and makes recommendations for improving efficiency, cost-effectiveness and service delivery of those operations. Performs financial and compliance audits of City departments, operations and other relevant third-party entities. Conducts investigations of potential fraud or wrongdoing. Responsible for regular, on-time attendance. Performs all other duties as assigned.
This position is funded at 30 hours per week with the eligibility of full benefits and TMRS.
Essential Job Functions • Develops an annual work program with the assistance of the Finance Committee.
• Formulates and establishes strategic and tactical goals for the Internal Audit program.
• Develops, recommends and implements effective internal auditing procedures; identifies standards, develops criteria, and selects appropriate methodologies to meet the internal audit objective.
• Audits financial controls, financial reporting policies and procedures to assure the City's assets are protected through best practices; ensures audit work is supported by competent, relevant practices.
• Ensures financial procedures and City assets, resources, services, and products conform to Generally Accepted Government Auditing Standards.
• Conducts internal control reviews and assessments; performs risk assessments of departments and programs to develop annual internal audit plans; evaluates internal control structures; tests established controls for compliance and effectiveness; prepares and reports results of reviews and assessments; develops recommendations and remedial action for areas of weakness; makes recommendations to strengthen controls.
• Partners with City departments to conduct management studies on operational efficiency and effectiveness, cost of service studies, and analysis of return on investment; researches best practices and emerging trends.
• Makes recommendations for improving efficiency, cost-effectiveness and service delivery of City operations.
• Appraises and verifies accounting accuracy of City and affiliated corporations' financial records, statements and reports; determines that generally accepted accounting procedures and principles are followed.
• Compiles and prepares work papers containing relevant evidentiary material used to support all findings, conclusions, and recommendation.
Minimum Requirements Bachelor's degree with major coursework in accounting, financial analysis, auditing, or a closely related field from an accredited college or university. Three (3) years of professional auditing experience or financial analysis required.
• Knowledge of the principles and practices of accounting and auditing, including GAAP and GAGAS.
• Knowledge of project management principles.
• Knowledge of accounting theory and practices.
• Knowledge of laws and regulations governing municipal taxation, finance and auditing.
• Skill to evaluate and test internal controls and operational procedures.
• Skill to prioritize, organize and manage multiple simultaneous projects.
• Skill in investigating alleged fraudulent activities.
• Skill to communicate clearly and effectively through both oral and written means.
• Skill to compile and analyze financial reports and present findings.
• Skill to perform and evaluate risk assessments.
• Ability to work in a team environment; contribute as a team member and treat coworkers and customers with respect.
• Build professional relationships with internal staff and customers.
• Offer flexibility and adaptability, especially during times of change.
Other Requirements Valid Class “C” driver's license. Must have and maintain a good driving record in accordance with the driving standards as established by the City of Rowlett. Must report all traffic citations to his/her departmental Director or his/her designee within two working days of receipt.
Certified Internal Auditor (CIA) and/or Certified Fraud Examiner (CFE) preferred.