Financial Compliance Specialist
4 days ago
An Auditor is someone who reviews and audits financial systems or financial accounts of a company or individual. Their primary responsibilities include conducting audits in person or remotely, identifying areas of concern, and working to rectify any problems found during the audit.
An auditor performs audits on the financial records and accounts of a company to ensure they are accurate and compliant with relevant laws and regulations. They review systems, accounts, and business functions to identify any problems and determine ways to fix them. An Auditor will need to prepare detailed reports that go through their findings in great detail.
Duties and Responsibilities- Protects assets by ensuring compliance with internal control procedures and regulations.
- Ensures compliance with established internal control procedures by examining records, reports, operating practices, and documentation.
- Verifies assets and liabilities by comparing items to documentation.
- Completes audit workpapers by documenting audit tests and findings.
- Appraises adequacy of internal control systems by completing audit questionnaires.
- Maintains internal control systems by updating audit programs and questionnaires, and recommending new policies and procedures.
- Communicates audit findings by preparing a final report and discussing findings with auditees.
- Complies with federal, state, and local security legal requirements by studying existing and new security legislation, enforcing adherence to requirements, and advising management on needed actions.
- Prepares special audit and control reports by collecting, analyzing, and summarizing operating information and trends.
The estimated salary for this position is $80,000 - $110,000 per year, depending on experience and qualifications.
Required Skills and Qualifications- A background in accountancy is required.
- At least 1-year related experience is necessary.
- Addtional distinctions or certifications can be an advantage.
- Auditing and general accounting practices are essential.
- Knowledge of Statement of Financial Accounting Standards (SFAS) is required.
- Legal compliance and documentation skills are crucial.
- Understanding of applicable accounting and banking laws is necessary.
- Presentation skills and proficiency in financial software are also required.
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