Directs and manages a professional staff in conducting audits, investigations, and evaluations of the administrative, financial, and operational activities of state agencies and institutions, insurance companies licensed in South Carolina, and State chartered banks, savings and loan associations, savings banks, and credit unions.
This class is the first of three management levels in the auditor class series.
Directs the activities of auditing teams. Determines audit priorities and work assignments of subordinate personnel. Confers with agency representatives and insurance company officials regarding audit results. Confers with subordinate personnel to give advice or instructions in the course of an audit or to clarify work assignments during an audit. Establishes procedures for utilizing early warning systems results and applying tests to identify organizations requiring further analysis. Prepares comments and financial statements indicating the financial position of agencies and companies. Reviews work of subordinates and results of completed audits to ensure compliance with applicable statutes and regulations. Prepares audit materials for formal training classes of new auditors. Writes or updates procedural and training manuals and assists in training an audit staff. Assists in developing recommendations for regulatory action in cases of impaired organizations. Reviews discrepancies in statements with auditors discovering errors in organization's financial statements. Interprets federal and state laws and regulations. Instructs employees as to changes in affected procedures. Prepares annual and five-year budgetary plans for the agency's audit program and monitors auditing activity expenditures. Provides professional and technical advice to top agency management in the analysis, planning, organizing, and controlling of agency systems and services. Assists in the improvement and implementation of agency policies and procedures. Supervises activities of teams conducting procurement examinations. Supervises activities of teams conducting bank examinations. Determines work assignments of other examiners. Reviews work of other examiners and results of examination. Determines whether policies of the bank's board of directors are conducive to safe and sound banking. Conducts surveys pertaining to applications for new bank branches and prepares reports on such surveys.
Knowledge of principles, practices, and theories of accounting, auditing, budgeting, financial management, banking, and insurance. Knowledge of organizational and managerial practices, principles, and theories. Knowledge of federal and state laws and regulations related to the areas of audit. Ability to effectively use mathematical and statistical sampling techniques. Ability to analyze and interpret complex accounting, auditing, budgetary, and financial data. Ability to evaluate and propose remedial changes in complex agency systems or operations. Ability to plan, organize, schedule, and direct comprehensive audit projects. Ability to establish and maintain effective working relationships with staff members, public officials, and insurance company representatives. Ability to supervise professional, paraprofessional, and clerical employees. Ability to communicate effectively, both orally and in writing.
C.P.A. (Certified Public Accountant), C.I.A. (Certified Internal Auditor), or C.F.E. (Certified Financial Examiner) designation may be required.
A bachelor's degree with multiple accounting and/or finance courses and professional experience in accounting, auditing, finance, insurance, or tax preparation and/or analysis.