Financial Compliance Analyst(Senior Financial Compliance Analyst)Finance & Information Technology Division - Close Date: Open Untill Filled
Scope of Position
Join one of the most exciting organizations in the Puget Sound as we implement the voter approved transit plan encompassing light rail, commuter rail and Bus/HOV. Sound Transit is seeking to hire an experience Financial Compliance Analyst. This position performs a variety of professional accounting/auditing duties related to monitoring the Agency’s internal controls by means of various reviews and audits; performs audits, reviews, or analyses of special processes or control segments of Agency operations; assists with the coordination of outside auditors; and provides technical assistance to Agency staff in a variety of matters.
The Financial Compliance Analyst is a professional level position with a working knowledge of subject areas related to financial compliance. Assignments performed at this level impact operations and require a general knowledge of financial management programs and an in-depth knowledge of internal controls.
Essential Functions:
• Plan and perform audits, reviews, and business process analysis; prepare annual and rolling audit plan; identify areas of risk in order to identify complementary areas of mitigation; analyze staffing requirements and resources in order to complete audit plan; analyze and identify audit tools and resource staff external to internal audit; implement audit plan including to report progress and prepare reports at completion of specific audits or project.
• Review contract terms and contract payment requests for compliance with terms, state law, grant provisions, and good business practice; monitor previously issued contracts and identify new contracts; identify changes in rates or terms, approvals, and when they are applicable; identify staff changes and Agency approval of changes; monitor change orders for impact and for timely completion of approval process; identify business decisions and suggest codification of same by change order; note funding sources and grant funding compliance as required.
• Coordinate the annual State Auditor’s Office audit; assist in the coordination of other audits and reviews including the annual financial and A-133 audit as wells as those conducted by the Federal Office of Inspector General and various state agencies; identify audit schedule and estimated budget; gather and obtain necessary material prior to review/audit and coordinate the collection of other information as requested; maintain records of information provided; coordinate working areas and system and communication access; identify any sensitive areas and perform or recommend preliminary review of theses areas.
• Coordinate and investigate, with the assistance of Human Resources, Legal, and other Agency staff, instances of fraud, waste, and abuse; assist with or support the investigation of violations of the Agency’s Code of Ethics; develop and pursue audit/investigation plan; monitor and report on progress; complete procedures and report results; complete audit/investigation file; make files available for review and potential use in prosecution or pursuit of restitution.
• Serve as technical resource and consultant to the Agency including to perform bid analysis, write and/or review contract provisions for audits, review contents of acceptable contract invoices, and review applicability of state law and grant provisions.
• Monitor application of assigned Agency policies and procedures; identify areas of industry standard changes, staff suggestions, or non-compliance and notify appropriate staff; assist in the development, modification or adjustment of policies and procedures.
• Prepare and maintain a variety of records, files, and reports; prepare and submit periodic reports or other types of communications regarding the results of audits and reviews, progress payments, and projects to management and other staff as directed.
• Attend and participate in professional group meetings; stay abreast of new trends and innovations in the fields related to financial compliance.
• Perform related duties as required.
QUALIFICATIONS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required.
Knowledge of:
• Internal Auditing
• Financial compliance review procedures.
• Contract audit procedures
• Knowledge of business processes and practices
• Accounting and auditing principles and practices including GAAP, GAAS, GAGAS, and COSO.
• Pertinent federal, state, and local laws, codes, and regulations.
• A-133 and grant requirements.
• RCW’s, WAC’s, and non-grant federal regulations.
• General business law including contract law.
• Principles and procedures of record keeping.
• Principles of business letter writing and basic report preparation.
• Computer applications such as word processing, spreadsheets, and statistical databases.
Ability to:
• Plan, implement and report on audits, reviews, and other projects.
• Use professional and/or technical concepts to perform assigned duties and solve problems.
• Manage multiple tasks, set objectives/goals, and re-prioritize as needed.
• Plan and organize work to meet changing priorities and deadlines.
• Analyze and synthesize information in a concise manner and make recommendations on strategies to resolve issues.
• Understand the organization and operation of the Agency and of outside agencies as necessary to assume assigned responsibilities.
• Understand, interpret, and apply general and specific administrative and departmental policies and procedures as well as applicable federal, state, and local policies, laws, and regulations.
• Prepare clear and concise reports.
• Effectively represent the Agency to outside individuals and agencies to accomplish the goals and objectives of the program area.
• Work cooperatively with other departments, Agency officials, and outside agencies.
• Respond tactfully, clearly, concisely, and appropriately to inquiries from the public, Agency staff, or other agencies on sensitive issues in area of responsibility.
• Work effectively under pressure, meet deadlines, and adjust to changing priorities.
• Establish and maintain effective working relationships with those contacted in the course of work.
Skill in:
• Applying principles and practices of internal auditing.
• Applying strong interpersonal techniques and demonstrating a consistent commitment and ability to work with diverse work groups and individuals.
• Demonstrating a positive customer service orientation with both internal and external clients.
• Applying appropriate oral and written communication techniques to various individuals ranging from Agency employees, the general public, elected officials, community leaders, and local, state, and federal agencies.
Education and Experience - Any combination of education and experience that would likely provide the required knowledge and abilities is qualifying. A typical way to obtain the knowledge and abilities would be:
Education/Training:
A Bachelor’s degree from an accredited college or university with major course work in, accounting, auditing, or in a related field.
Experience:
At least four years of increasingly responsible auditing experience including planning and performing complex audits or projects.
License or Certificate:
Possession of, or ability to obtain, a CPA, CIA, and/or other appropriate certifications or licensure.
To apply, go to How to Apply?
Sound Transit is an equal opportunity employer. We place a high value on, and are committed to, diversity within our organization and leadership Sound Transit is an equal opportunity employer. We do not discriminate on the basis of race, color, creed, national origin, religion, ethnicity, age, disability, sex, sexual orientation (including gender identity), marital status, veteran status, or any another category protected by state, local, or federal laws.
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Sound Transit is an equal opportunity employer. We place a high value on, and are committed to, diversity within our organization and leadership Sound Transit is an equal opportunity employer. We do not discriminate on the basis of race, color, creed, national origin, religion, ethnicity, age, disability, sex, sexual orientation (including gender identity), marital status, veteran status, or any another category protected by state, local, or federal laws.
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