Auditor III (Retirement System)

City of Detroit•Michigan, MI

7d•Onsite

About The Position

The Retirement System of the City of Detroit (RSCD) is seeking a highly skilled Auditor III to join its team. This position reports directly to the Assistant Executive Director and plays a critical role in ensuring the integrity, transparency, and accountability of RSCD's financial and operational activities. RSCD administers benefits for thousands of current and retired City of Detroit employees, safeguarding the assets and fiduciary responsibilities of both the General Retirement System (GRS) and the Police and Fire Retirement System (PFRS). As part of this mission, the Auditor III will conduct internal audits, evaluate compliance with financial policies and regulatory requirements, and provide professional recommendations that support the department's long-term financial stability. The Auditor class covers positions that apply professional accounting and auditing knowledge, standards, and principles when performing the following duties: advising on, supervising, or performing work consisting of a systematic examination and appraisal of financial records, corporate and individual tax returns, receipts and bookkeeping practices, financial and management reports, management controls, policies and practices affecting or reflecting the financial condition and operating results of an activity; analyzing work related to developing and executing audit policies and programs; conducting performance audits; or conducting activities related to the detection of fraud, waste, and abuse. This class also covers positions that apply pertinent laws, regulations, and rulings pertaining to taxes, and/or as required duties and tariffs to determine, educate and advise on the federal, state, or city tax liability of individual and business taxpayers.

Requirements

Bachelor's degree in accounting, finance, business administration, statistics, or a closely related field.
Minimum of three (3) years of experience, preferably with large scale complex audits in governmental or public sector audits.

Nice To Haves

Advanced coursework of governmental accounting or a related field strongly preferred.

Responsibilities

Reviews accounting, financial, control, and operating records and other data to determine level of compliance with established policies, procedures, and 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. Audit approaches vary widely because of the variability of subject programs and systems due to differences in organization or mission, technological advances, or changes in regulations.
Prepares audit reports to provide information on program operations and identifies causes of deficiencies or problems. Recommends 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.
Reports to management about asset utilization and audit results, and recommends changes in operations and financial activities.
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 support case development.
Obtains and compares tax data reported to the Internal Revenue Service with that reported to Detroit to identify businesses that may not be reporting business done within the City.
Sends notices to taxpayers when accounts are delinquent, imposes payment deadlines on delinquent taxpayers, and monitors payments to ensure that deadlines are met.
Notifies taxpayers of any overpayment or underpayment, and either issues a refund or requests further payment.
Maintains knowledge of tax code changes and of accounting procedures and theory to properly evaluate financial information.
Assists management in the development of tax issue determinations, tax code and rule revisions and additions, tax guide inserts and bulletins.
Recommends appropriate corrective measures such as court actions, payment plan agreements or third party collections.
Contacts taxpayers by mail, telephone, or on-site to address discrepancies, and to request supporting documentation.
Analyzes particular facts of each tax case; Verifies and evaluates information; Obtains additional information to reconcile discrepancies or inconsistencies; Applies the pertinent tax laws, regulations, precedent decisions, and procedures to determine appropriate action from many possible alternatives in planning an approach and carrying out the assignment.
Makes adjustments; Initiates credit transfers and payment tracers; Computes tax, penalty, and interest; Prepares manual refunds; Makes abatements; Prepares and executes waivers to extend statutes.
Provides customer assistance in examinations by explaining issues involving such matters as accounting and its applicability to tax law and regulations, prevention of future delinquencies, and appeal rights.
Provides training to tax customers on such matters as technical tax law and accounting policies, practices, and principles, IRS tax programs, and pertinent tax law modifications.
Performs special projects and other duties as assigned.