What are the responsibilities and job description for the Director of Internal Audit position at Affinity Gaming?
SUMMARY: The Director of Internal Audit is responsible for the safeguarding of company assets through the planning, development and implementation of a comprehensive Internal Auditing program, administers the annual audit plan and oversees the conduct of internal audit activities, including internal financial operational audits and activities that may occur should the Company become a public entity in connection with the Company’s potential Sarbanes-Oxley procedures.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Oversee and coordinate internal resource allocations, projects in accounting and operational audits, independent assurance reviews, and risk based evaluations of business processes and information technology.
- Manage the details of the annual internal audit budget, use of technology tools, and methodology enhancements.
- Report project progress, audit objectives, process level risks, internal controls changes, and audit results to key stakeholders in the Company.
- Observes ethical standards of the profession and respects confidentiality.
- Conducts audits for compliance with various standards set by outside agencies (Gaming Control Boards, Internal Revenue Service, and other regulatory agencies).
- Lead operational audits for key non-gaming areas including hotel, retail, food and beverage, gas, and sales and marketing. Leverages operational audit results to recommend value added and cost saving opportunities for the Company.
- Leads audits for fraud prevention and detection.
- Directs or participates in all audits in order to examine or evaluate company activities.
- Conducts interviews, examines documentation, performs substantive and compliance tests, performs analytical reviews and summarizes work performed, exceptions, findings and recommendations noted during an audit in an audit memo.
- Counsels and instructs staff to assure that work is performed in accordance with approved audit programs. Clarifies objectives, plans and key control points to staff.
- Coordinates activities with external auditors in order to minimize the duplication of work and cooperate in conducting interim and year-end audits.
- Travels to properties for auditing activities.
- Streamlines audit procedures.
- Performs related tasks as assigned by the Company’s Chief Financial Officer.
SUPERVISORY RESPONSIBILITIES
Responsible for a staff of Internal Auditors. Responsibilities including hiring and training; planning, assigning and directing work; appraising performance; rewarding and disciplining staff, addressing complaints and resolving problems.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
All Employees must be knowledgeable to all Company policies and procedures, including fire and safety regulations.
EDUCATION and/or EXPERIENCE
Bachelors’ Degree with a Major in Accounting is required.
Five or more years of relevant audit experience in the gaming industry, with increasing levels of responsibility and supervision (3 years minimum leadership/management experience).
CERTIFICATES, LICENSES, REGISTRATIONS
To comply with Gaming Regulation, candidates must have a CIA or CPA plus a minimum of two years of auditing experience
Must also possess and be able to maintain the applicable regional Gaming card(s) and/or License(s), if any.
LANGUAGE SKILLS
Must be able to effectively communicate in English. Must be able to read and write simple lists, interoffice memorandums, and business correspondence. Must be able to communicated with Executive level company officers effectively and with professionalism.
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