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OAL Auditor
The Office of Arkansas Lottery (OAL) Auditor is responsible for conducting audits, reviews, and assessments of the Arkansas Scholarship Lottery's financial, operational, and compliance activities to ensure accuracy, integrity, and compliance with state and federal regulations. This role involves evaluating and analyzing the Lottery's processes, identifying areas for improvement, and providing recommendations to enhance operational efficiency, minimize risks, and uphold transparency. The OAL Auditor will also work closely with other departments, internal and external stakeholders, and regulatory bodies to ensure adherence to state laws and industry standards.
Class Code:
LLO03P
Job Grade:
SGS07
Special Job Requirements:
Typical Functions:
Conduct regular and comprehensive audits of the Arkansas Scholarship Lottery’s financial records, operations, and internal controls to ensure accuracy, compliance with state laws, and adherence to Lottery policies. Review financial transactions, prize payouts, revenue reporting, and other financial processes to detect any discrepancies, fraud, or inefficiencies. Perform risk assessments to identify potential vulnerabilities in operations, financial reporting, or compliance procedures and recommend solutions to mitigate those risks. Prepare and present audit findings to senior management, offering actionable insights and corrective actions to improve processes and controls. Evaluate the effectiveness and efficiency of Lottery operations, identifying opportunities for process improvements, cost savings, and enhanced service delivery. Review internal control systems to ensure proper safeguarding of Lottery assets, including ticket sales, prize payouts, and other key financial processes. Assist in the preparation of financial statements and supporting documentation for external audits and regulatory reviews. Prepare detailed audit reports that summarize findings, provide evidence of compliance or deficiencies, and recommend improvements. Provide guidance and expertise to internal teams, including management and staff, on best practices for compliance, internal controls, and risk management. Offer advice on financial, operational, and regulatory matters to ensure that decision-making is informed and in line with legal and regulatory standards.
Knowledge, Abilities, and Skills:
Strong analytical and critical thinking skills, with the ability to evaluate complex financial data, identify trends, and detect irregularities. Detail-oriented, with the ability to uncover discrepancies or inefficiencies in financial reporting and operational processes. Excellent written and verbal communication skills, with the ability to present audit findings and recommendations clearly and professionally to senior management, regulatory bodies, and other stakeholders. Ability to communicate complex financial and regulatory concepts in a way that is easily understood by non-financial stakeholders. Strong problem-solving skills with the ability to identify root causes of issues and recommend practical, actionable solutions. Sound decision-making abilities, particularly in situations requiring ethical judgment and adherence to regulations. Exceptional attention to detail to ensure that audits are thorough, and findings are accurate, complete, and compliant with state regulations. Deep understanding of state and federal regulations affecting lottery operations, gaming laws, financial reporting, and audit standards. Knowledge of auditing standards (e.g., GAAP, GASB, or other relevant guidelines) and the ability to apply them effectively.
Minimum Qualifications:
A Bachelor’s degree in accounting, finance, business administration, or a related field, plus 2 (two) years of experience in auditing, accounting, or a related field, preferably within a government or regulated industry are required. Satisfaction of the minimum qualifications, including years of experience and service, does not entitle employees to automatic progression within the job series. Promotion to the next classification level is at the discretion of the department and the Office of Personnel Management, taking into consideration the employee’s demonstrated skills, competencies, performance, workload responsibilities, and organizational needs.
Required Certificates:
N/A OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.
Exempt:
E