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OAL Internal Auditor
The Office of Arkansas Lottery (OAL) Internal Auditor is responsible for conducting audits and assessments to ensure the integrity, compliance, and efficiency of the Arkansas Scholarship Lottery's financial and operational activities. The role involves evaluating internal controls, identifying risks, and providing recommendations for improving operations and compliance with state regulations and laws. The OAL Internal Auditor will work closely with management and other key stakeholders to ensure that the Lottery's operations align with regulatory standards and organizational objectives.
Class Code:
LLO18P
Job Grade:
SPC09
Special Job Requirements:
Typical Functions:
Plan and conduct audits of the Arkansas Lottery’s financial systems, operations, and internal controls to assess compliance with state regulations, laws, and policies. Evaluate the effectiveness and efficiency of operations, ensuring that financial resources are used appropriately and that risks are managed effectively. Conduct risk assessments and determine audit priorities based on the significance of operational or financial risks. Assess and evaluate the adequacy and effectiveness of internal controls in place to mitigate risks and ensure compliance with legal and regulatory requirements. Ensure that the Arkansas Lottery complies with all applicable federal, state, and local regulations, including gaming laws, financial reporting standards, and procurement rules. Review processes for gaming operations, vendor contracts, and financial transactions to ensure they comply with state statutes and internal policies. Investigate potential fraud or misconduct related to Lottery activities and assist in fraud prevention measures. Review financial statements, budgets, and accounting records to ensure accuracy and compliance with generally accepted accounting principles (GAAP) and applicable state laws. Prepare clear and detailed audit reports outlining findings, conclusions, and recommended actions for management. Maintain thorough and accurate audit documentation, including audit plans, work papers, findings, and final reports. Ensure proper recordkeeping and retention of audit-related materials in accordance with state policies and legal requirements.
Knowledge, Abilities, and Skills:
Strong knowledge of auditing standards, accounting principles, and financial reporting practices. Ability to analyze complex financial data, identify discrepancies, and provide actionable recommendations. Excellent attention to detail, ensuring accuracy in audit reports, financial assessments, and compliance reviews. Strong analytical skills to assess complex issues, identify risks, and develop strategies to mitigate those risks. Excellent written and verbal communication skills, with the ability to present audit findings, recommendations, and reports to senior management and external stakeholders. Ability to communicate complex technical information in a clear and concise manner to non-experts. In-depth understanding of state and federal regulations affecting lottery operations, including gaming laws, financial reporting standards, and government procurement processes.
Minimum Qualifications:
Bachelor’s degree in accounting, finance, business administration, or a related field, plus five (5) years of professional auditing experience, with a focus on government or public sector audits, financial analysis, and risk management 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