Corporate Director of Internal Audit

American Casino & Entertainment Properties - Las Vegas, Nevada Area

Posted 810 days ago
  • Experience
  • Job function
  • Employment type
  • Industry
    Gambling & Casinos
  • Job ID

This is a preview of the Corporate Director of Internal Audit job at American Casino & Entertainment Properties. To view the full job listing, join LinkedIn - its free!Join LinkedIn - its free!

About this job

Job description

Responsible for the overall operation and strategic direction, administration, and coordination of the Internal Audit department. Supervises and coaches the audit staff in planning, overseeing, and executing internal audits of the ACEP operations. Coordinates the Internal Audit department’s risk and internal control assessment process, and educates ACEP management on risk identification and appropriate internal control framework. Acts as a liaison regarding regulatory compliance-related audit activities with the Nevada Gaming Control Board and independent public accountants. Reports to the Board of Managers.

Internal control is the set of systems or processes, put in place by the company’s Board of Managers, management, and other personnel, which are designed to provide reasonable assurance regarding the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with applicable laws and regulations. Internal control is generally considered to consist of five interrelated elements:

1. Control environment. This is the tone of the organization, which influences the control consciousness of the employees.
2. Risk assessment. This is the identification of risks that may affect the integrity of the financial reporting system, and that may require controls.
3. Control activities. These are the policies and procedures aimed at preventing errors from occurring and detecting errors that have occurred.
4. Information and communication. These are the systems for capturing and disseminating information.
5. Monitoring. This is the process of periodically testing controls.

Essential Functions:
• Responsible for the hiring, training, supervising, evaluating and disciplining of department staff.
• Work closely with senior management to ensure an open and active control environment.
• Create audit plans and audit programs. Conduct, analyze and report risk assessments of the company’s operations and financial reporting systems. Assist in implementation of recommendations from internal audit as necessary and appropriate. Follow-up on audits and organizations for implementation of recommendations.
• Schedule, coordinate and complete the periodic audits required by the State of Nevada Gaming Commission, Sarbanes-Oxley and other applicable regulations and requests. Report to the Board of Managers and related committees.
• Provide timely and accurate audits in a manner consistent with the Standards for the Professional Practice of Internal Auditing, along with the professional standards of conduct of the Institute of Internal Auditors.
• Assists in supervising ongoing audits, identifying critical control issues, and recommending corrective actions.
• Oversee and assist in planning the scope of each audit project as well as the nature, timing and extent of audit work that will be performed.
• Provide critical review and edits to the staff’s draft audit reports (and other correspondences) to ensure clarity, conciseness, and comprehensibility.
• Identify root causes of operational and accounting-related problems and effectively discusses issues and solutions with senior management.
• Prepare audit reports in good form, with recommendations, appraisals, or analyses that will assist the company managers with the proper discharge of their responsibilities.
• Ensure that audit reports clearly communicate risks and key audit issues from a senior management and Management Board perspective.
• Review and report to the Board of Managers the current status of outstanding audit findings from internal and external audits and regulatory compliance examinations.
• Provide assistance and information to the external auditors to ensure a timely and efficient completion of their audit and examination.
• Develop and maintain effective interpersonal relationships with company staff and management to ensure timely resolution of audit issues and findings.
• Ensure timely and adequate two-way communication before, during, and after each audit project to ensure mutual understanding with management of audit scope, process and results.
• Research laws, regulations, policies and standards issued by accounting boards and professional organizations.
• Other duties as assigned

Desired Skills and Experience

• Minimum five years experience with internal controls, risk assessments, business process and operations auditing
• Minimum 3 years experience in casino gaming accounting or audit related work experience, and/or relevant audit experience in an independent public accounting firm or corporate business entity operating in the hospitality, entertainment, or banking industry
• Ability to interpret applicable federal, state, county, and local laws, regulations, and requirements.
• Skill in operating business computers and office machines, including in a Windows environment, specifically Word, Excel, Access, presentation software (such as PowerPoint), and PC-based computerized accounting software.
• Ability to define problems, collect data, establish facts, and draw valid conclusions
• Ability to read and comprehend financial related information as well as legal information, such as regulations
• Excellent verbal and written communication skills
• Ability to effectively communicate in small and large group situations, as well as one-on-one
• Bachelor’s degree in Accounting, Finance, Business Administration, or related field
• Certified Public Accountant, Internal Auditor, and/or Fraud Examiner preferred
• Minimum 21 years of age

Required Work Cards
• Nevada Gaming Registration

Physical Requirements
• Sit at a desk or table and work on a computer (more than 75% of the time)
• Vision, speech, hearing, and literacy (critical)
• Work for sustained periods of time maintaining concentrated attention to detail

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. Duties to be performed with or without reasonable accommodations.

About this company

American Casino & Entertainment Properties

American Casino Entertainment Properties (ACEP) owns and operates four gaming and entertainment properties in Clark County, Nevada: Stratosphere Hotel Casino & Tower, is a destination resort featuring one of the most recognizable landmarks on the Las Vegas Strip; Arizona Charlie’s Decatur and Arizona Charlie’s Boulder, two off-Strip casinos, primarily serve residents of Las Vegas; and The Aquarius Casino Resort in Laughlin, Nevada, catering to Laughlin visitors and residents.

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