Internal Auditor

SUMMARY

Churchill Downs Incorporated (“CDI”) is seeking an Internal Auditor to perform audit work primarily at its Henderson, KY and Owensboro, KY Racing and Gaming facilities. Ellis Park Racing and Gaming is a thoroughbred horse racing and gaming facility located in Henderson, KY. Owensboro Racing and Gaming is CDI’s newest gaming facility located in Owensboro, KY. Additionally, this position would be made available to assist with work at CDI’s gaming facilities in Louisville, KY on occasion. Travel is estimated to be approximately 25% but would mostly be between the Henderson and Owensboro properties.  

FUNCTION

Performs audits of the operations for compliance with relevant laws, regulations, and company policies and standard operating procedures. This includes, but is not limited to, gaming revenue cycles, cage operations, currency transaction reporting, admissions and revenue tax reporting, and other possible areas of operations. Assist with audits of corporate, racing, or other regional gaming operations, as needed.

SPECIFIC DUTIES AND RESPONSIBILITIES

• Assists in developing and planning a comprehensive, risk-based audit program.
• Executes on-going compliance audits of the policies and procedures for revenue-producing departments.
• As directed, conducts operational audits to ensure that the procedures and practices are easily understood and executed by the associates assigned to those functions.
• Compile audit reports that summarize audit findings; recommend corrective action to management. 
• Assists independent accounting firms with their annual audits.
• Ensures compliance with all federal, employment, and gaming laws of state.
• Provides development and training to associates as required.
• Prepares quarterly audit summaries of audit work.
• Develops a strong understanding of internal controls and their impact on related business processes.
• Identifies areas in which operational efficiencies or cost savings could be achieved on assigned audits.
• Analyzes data obtained for evidence of deficiencies in controls, duplication of effort, extravagance, fraud, or lack of compliance with laws, government regulations, and management plans, policies or procedures.
• Assists with internal investigations.
• Performs observations and analysis of departmental procedures to ensure compliance and operational efficiencies.
• Determines existence, proper accountability, and safeguarding of company assets through examination, confirmation and other audit procedures.
• Performs duties in a safe manner; report any potential safety hazards to management staff.
• Maintains an updated knowledge of gaming laws and regulations.
• Performs any reasonable, temporarily assigned job duties outside the position’s job description, where, in the Company’s judgment, those duties are necessary in the interest of efficiency, productivity, or guest service.
• Other duties as assigned.

STANDARDS OF PERFORMANCE

• Excellent interpersonal, oral and written communication skills with the ability to communicate to all levels across the organization.
• Ability to manage multiple tasks concurrently in a changing environment.
• Must possess highly developed analytical skills and the ability to think creatively about ways to analyze operations.
• Available to work when needed, including weekends, holidays, and nights.

EDUCATION, TRAINING, AND EXPERIENCE

• Minimum of 3-5 years of experience in financial or business operations (Internal Audit) with appropriate experience in accounting procedures.
• Education Required: Bachelor’s degree (BA) from four-year college or university or equivalent experience; MBA a plus.
• Familiarity with standards, concepts, practices and procedures within gaming and/or pari-mutuel wagering is desired. Prior internal or external audit experience required.
• To perform this job successfully, an individual should have strong PC skills, knowledge of Internet, and be proficient using Microsoft Office (i.e., Word, Excel and Outlook) and other auditing software.
• CPA, CIA, CFE, CISA or candidate for certification desired.
• Able to obtain and maintain a valid Kentucky gaming/racing license.

PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  While performing the duties of this job, the employee is frequently required to sit or stand; walk; use hands to finger reach, handle, or feel objects, tools, or controls; reach with hands and arms; climb or balance; stoop, kneel, crouch, or crawl; and talk or hear.  The employee may also be required to lift, push, and pull up to 25lbs.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate to loud. The employee is subjected to circulate throughout the assigned areas, including the smoking area, actively observing players and functioning of machines.

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