Financial Auditor

  • Financial Auditor
  • What will I be doing?
  • Do I qualify?
  • Can I be successful?
  • Benefits
  • How do I apply?
Class Number: 
8810
Annual Salary Range:
$44,352.00 – $65,280.00
Twice-a-Month Salary Range:
$1,848.00 – $2,720.00
Pay Grade: 
A28

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Definition

This is advanced technical and professional auditing work for the Missouri Gaming Commission.

An employee in this class develops and conducts in-depth audit reviews of the financial records of individuals and corporations applying for a license to participate in gaming activities in the State of Missouri.  Work involves conducting financial audits of income information, expenditures and tangible assets of individuals with a vested interest in the issuance of a gaming license.  Work also involves examining corporate structure, history, net profit and loss, income sources, operating budgets, affiliates/subsidiaries, legal litigation and other related areas to assess the entity’s financial stability and suitability for managing a gaming operation in the state.  Work is performed under the general supervision of an administrative superior; however, the employee is expected to exercise a high degree of initiative and judgment in the performance of assigned responsibilities.

Job Duties

Develops and implements an audit plan to conduct financial audits of individuals and corporations to determine financial stability and the ability to meet financial obligations.

Verifies and analyzes income information such as federal and state tax returns, W2’s, inheritance documents, 1099’s, dividends, accrued interest and other related documents to determine validity of sources.

Tracks expenditures such as operating costs, loans and notes, mortgages and other related documents to substantiate outgoing funds.

Examines property and tax records to discern ownership of tangible assets.

Reviews corporate structure, history, by-laws, meeting minutes and other related documents to verify stability, identify affiliates, subsidiaries and key personnel, and assess internal controls, policies and procedures.

Examines bank records to verify incoming and outgoing funds and detect unusual fluctuations in the average balances.

Analyzes accounting methods, practices and policies for compliance with accounting standards and consistency.

Examines corporate relationships with affiliates and subsidiaries to ascertain level of dependency, types of interactions, shared expenditures and revenues and other matters of interest.

Examines past and current litigation and confers with experts to gauge potential liabilities.

Reviews operating budgets, financial projections, strategic plans and goals, net profit and loss, and income sources to assess financial stability.

Interviews applicants, attorneys, auditors and corporate personnel to verify, clarify and/or obtain additional information.

Prepares fiscal, statistical and historical reports to assist in the determination of license issuance.

Provides testimony relating to audit findings when needed during appeal hearings or criminal prosecution.

Performs other related duties as assigned.

Areas of Interest: 
Accounting, Auditing & Finance

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(The following minimum qualifications will determine merit system eligibility.  Allowable experience and education substitutions are provided in italics below the corresponding minimum qualification statement.  These minimum qualifications may also be used to evaluate applicants for Missouri Uniform Classification and Pay System positions not requiring selection from merit registers.)

Four years of professional experience in public or private accounting or auditing, of which one year must have involved the review and analysis of corporate financial documents and/or complex tax returns; and graduation from an accredited four-year college or university with major specialization (at least 30 semester hours) in accounting.  (A Master’s degree in accounting may be substituted on a year-for-year basis for a maximum of one year of the general experience.)

Please note that documentation that supports your eligibility (i.e. transcripts, employment records, etc.) may be required at any time during the application and hiring process. If you do not possess the minimum qualifications, please consider one of many other employment opportunities with the State of Missouri.

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Key Skills

Do you possess the key skills which are considered essential for successful employment in this classification?

Thorough knowledge of auditing techniques and accounting principles, practices and methods.

Thorough knowledge of state and federal tax laws.

Thorough knowledge of examination techniques used in financial auditing.

Working knowledge of word processing, spreadsheets and database applications.

Skill in interviewing personnel to obtain, verify or clarify information.

Ability to analyze detailed and complex financial and statistical records and reports.

Ability to evaluate financial documents to determine impact on fiscal responsibilities.

Ability to prepare clear and concise reports of financial information.

Ability to independently plan, organize and carry out audit assignments.

Ability to testify during appeal hearings and in criminal and civil cases.

Ability to travel extensively in the performance of assigned duties.

Ability to establish and maintain an effective working relationships with co-workers, highway patrol staff, corporate personnel, administrative superiors and the general public.

Ability to communicate effectively.

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The following link will provide you with general information about State of Missouri employee benefits.

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View Class Specification Document