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 second of three management levels in the auditor class series.
Manages a professional auditing staff in the conduct of external/internal financial, performance, administrative compliance, operational efficiency, and program effectiveness audits. Assists with reviews and evaluations of periodic and special audit reports and papers. Determines the necessity for additional audit instructions and guidelines. Establishes and manages the use of an extensive internal chart of accounts. Monitors expenditures and disbursements of federal, state, and other funds. Assists in budget preparation. Develops accounts and object identification codes and coordinates the agency accounting/auditing system with external fiscal operations. Manages the maintenance and supervision of EDP capabilities for financial information and reporting systems. Plans and prepares audit materials for formal training classes for new auditors. Assists in the preparation and dissemination of audit manuals, instructions, and guidelines. Develops and implements operating procedures to comply with new federal and state regulations and laws. Confers with senior auditors in the resolution of financial or system procedural changes. Gives opinions on unusual items involving accounting, budgetary or purchasing policies. Writes and/or approves correspondence in the announcement and conclusion of audits and in response to inquiries. Attends legal proceedings and federal and state courts of law on matters concerning reported findings and recommendations. Provides professional and technical advice to top agency management in the analysis, planning, organizing, and controlling of agency systems and services. Apprises management of auditing activities, findings, conclusions, and proposed changes or recommendations. Directs, coordinates, and sets priorities for all field examination activities. Plans, coordinates, and manages the examination activities of teams conducting bank examinations. Works closely with the Commissioner of Banking and Deputy Commissioner of Banking in developing recommendations for regulatory action in cases of impaired banks. Determines whether policies of the bank's board of directors are conducive to safe and sound banking. Conducts surveys pertaining to applications for new banks, bank branches and trust companies, and reviews applications for financial institution purchases and mergers. Supervises a staff of risk-focused analysts and/or examiners to ensure that analysis performed is customized to promote effectiveness and efficiency in accordance with the size, risk, and complexity of the insurer. Supervise the workflow of the analysis process, including but not limited to, compliance with timeliness guidelines.
Knowledge of the principles, practices, and theories of accounting, auditing, budgeting, financial management, banking, and insurance. Knowledge of organizational and managerial principles, practices, and theories. Knowledge of federal and state laws and regulations related to the areas of audit. Knowledge of agency systems and processes. 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, conferences, and appeals. Ability to supervise professional, paraprofessional, and clerical employees and to establish and maintain working relationships with administrators, managers, and top agency executives. 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 in accounting, auditing, business administration, finance or insurance and professional experience in accounting, auditing, finance, insurance, or tax preparation and/or analysis.