Capital Payment Auditor

City of New York • New York City, NY

1d • Onsite

About The Position

The New York City Department of Transportation (DOT) is responsible for maintaining the city's vast transportation infrastructure and managing a significant annual budget. The Fiscal Affairs Accounts Payable Unit specifically handles the processing of over $400 million in payments annually to vendors and consultants for goods and services. This role involves serving as a management auditor within this unit, ensuring adherence to policies and procedures, timely processing of invoices, and verification of payment documentation.

Requirements

• Baccalaureate degree from an accredited college or university.
• Degree must include or be supplemented by 24 semester credits in accounting.
• Must include one course each in advanced accounting, auditing, and cost accounting.
• One year of full-time satisfactory experience in management auditing, financial auditing, and/or information technology (IT) auditing; OR a valid Certified Public Accountant license issued by the New York State Education Department; OR a valid Certified Internal Auditor certificate issued by the Institute of Internal Auditors (IIA).
• Alternatively, a satisfactory combination of education and/or experience equivalent to the above.
• If substituting education/experience: two years of full-time satisfactory experience in financial or managerial accounting may substitute for the one year of experience in auditing.
• Undergraduate or graduate credits in management, computer science, public administration, and/or business administration may substitute for up to 9 semester credits in accounting.
• All candidates must have a baccalaureate degree including or supplemented by 15 semester credits in accounting, including one course each in advanced accounting, auditing, and cost accounting.
• Must have at least one year of the specified auditing experience, or a CPA license, or a CIA certificate.

Nice To Haves

• For placement in Assignment Level II, individuals must have at least one year of experience as a Management Auditor - Assignment I or at least two years of experience in management auditing, financial auditing, and/or information technology (IT) auditing.

Responsibilities

• Review assigned invoices to ensure policies and procedures are maintained and invoices are processed within established deadlines.
• Verify the accuracy and completion of invoice payment request documents and supporting backup documents.
• Utilize the City’s Financial Management System (FMS3) and the Procurement and Sourcing Solutions Portal (PASSPort) to process vendor invoices.
• Log and track invoices in the unit’s internal tracking database.
• Pre-audit voucher payment packages to ensure all necessary supporting documentation is present.
• Monitor payments for errors, approving packages or returning them for corrections.
• Review Requirements Contracts and contract specifications before approving payments to ensure conformity to agency requirements and Federal/State/City mandates.
• Prepare reports for managerial and budgetary review.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level