Auditor III; Retirement System

Overview

The Retirement System of the City of Detroit (RSC&D) is seeking an Auditor III to join its team. The position reports directly to the Assistant Executive Director and is responsible for ensuring the integrity, transparency, and accountability of the Retirement System’s financial and operational activities.

• Reviews accounting, financial, control, and operating records and other data to determine level of compliance with established policies, procedures, guidelines relevant to a specific activity.
• Inspects account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
• Prepares audit reports containing data on records audited, test checks made, conclusions reached, exceptions taken, objections made by audited party, and proposed action.
• Examines records and interviews workers to ensure recording of transactions and compliance with laws and regulations.
• Audits payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.
• Identifies irregularities or discrepancies in recordkeeping, controls, or operations of a specific area.
• Maintains records for each account, including contacts, telephone numbers, and actions taken.
• Explains rules, regulations, policies, and procedures as they relate to a specifically assigned area to affected parties to assist them in achieving maximum compliance and resolves problems with returns.
• Reports to management about asset utilization and audit results, and recommends changes in operations and financial activities.
• Examines and evaluates financial and information systems, recommending controls to ensure system reliability and data integrity.
• Examines and reviews financial accounts, financial reports, and practices affecting or reflecting the financial condition of an activity.
• Develops audit plans and defines problem areas for the comprehensive analysis of the overall operations of an organizational entity to predict the effects of proposed policies.
• Conducts examinations that include investigating accounting records reflecting the complete range of reorganizations, mergers, leveraged buyouts, capitalization, or other similar business transactions.
• Conducts examinations that involve points of law that are without precedent and that require intensive and extensive legal research to locate cases and evaluate potential effects of decisions or interpretations.
• Develops audit approaches to evaluate a variety of programs and accounting systems, preparing audit reports to provide information on program operations and identifying causes of deficiencies or problems, and recommending corrective actions such as modifying management systems, financial and accounting systems, workflow, lines of authority, and other corrective actions.
• Collects and analyzes data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
• Prepares detailed reports on audit findings.
• Supervises auditing of establishments, and determines scope of investigation required.
• Inspects account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
• Examines records and interviews workers to ensure recording of transactions and compliance with laws and regulations.
• Examines and evaluates financial and information systems, recommending controls to ensure system reliability and data integrity.
• Reviews data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.
• Confers with company officials about financial and regulatory matters.
• Performs special projects and other duties as assigned.
• Conducts independent audits and investigations of income tax returns to verify information or to amend tax liabilities.
• Investigates claims of inability to pay taxes by researching court information for the status of liens, mortgages, or financial statements, or by locating assets through third parties.
• Secures information regarding taxable income from public records and other sources to…