Title: Casino Auditor

Hiring Range: $63,776 - $83,126

Agency: Virginia Lottery

Location: Petersburg, VA

Agency Website: www.valottery.com

Recruitment Type: General Public - G

For more than three decades, the Virginia Lottery has worked to build a strong reputation, one synonymous with providing fun, entertaining experiences and doing so responsibly and with integrity. Proceeds from traditional Lottery games support K – 12 public education in Virginia. Taxes generated by sports wagering and casino gaming, which are regulated by the Lottery, benefit other priorities of the Commonwealth. The Virginia Lottery is currently seeking a Casino Auditor to join its Gaming Compliance team.

The Casino Auditor is responsible for executing audits of our Casino Operators to ensure financial and operational integrity, accountability, efficiency and effectiveness, and compliance with policies, procedures, laws, and regulations. Responsible for assessing internal controls and standard operating procedures to minimize the risk of fraud, waste, and abuse. Performs all audit functions to include reviewing financial records, performance data, and minimum internal control submissions from casino operators.

The shift for this position is 8:00 am - 4:30 pm (Sunday-Thursday) or (Tuesday to Saturday) 

The Casino Auditor:

• Executes all audits defined in the audit plan, ensuring internal controls are compliant with regulations and minimum internal control standards, and are properly designed and operating effectively.
  
• Performs a daily audit of the casino gaming revenue (e.g., Slots, Table Games, Poker, Retail Sportsbook etc.) that includes the review of gaming documents and reports. Discusses exceptions with the Casino Audit Manager.
  
• Continually analyzes business processes, the adequacy and effectiveness of casino internal controls, and compliance with internal control policies, procedures, and regulations as approved by the Virginia Lottery Gaming Compliance Department.
  
• Conducts monthly analysis of revenue stream wins and losses to identify fraud, waste, abuse, and/or theft.
  
• Tracks the status of all audits, forms, and any other information deemed relevant to audits and findings.
  
• Continuously assists in the identification of business risks and provides assurance that risks are being appropriately managed.
  
• Proactively informs the Casino Audit Manager of significant risks or exposures related to internal controls, compliance, and/or governance related concerns requiring prompt attention.
  
• Works with the Casino Operators to identify improvements in the regulatory process.
  
• Conducts interviews with Casino Operators’ personnel and performs unannounced observations of the gaming procedures to ensure that the facility is complying with documented minimum internal control standards.
  
• Conducts regular testing of the Casino Operator’s Anti-Money Laundering program to ensure compliance with all FinCEN and IRS reporting requirements.
  
• Conducts regular testing of the Casino Operator’s Responsible Gaming program to ensure compliance with laws and regulations.
  
• Participates in coin testing and verifies that the slot machines are properly communicating to the central system.
  
• Ensures all required audits reports, pursuant to the regulations, are completed by the Casino Operator’s Audit team and are submitted to VA Lottery Gaming Compliance.
  
• Reviews audit reports submitted by the Casino Operator’s Audit team and ensures that all remediation plans being recommended by the Casino Operator’s Audit team are sufficient to resolve the findings.
  
• Participates in the receipt and count of gaming chips and plaques and verifies all gaming chip and plaque specifications are compliant with the regulations.
  
• Performs periodic physical inventory counts of the sensitive keys, cards, and dice inventory.
  
• Performs periodic testing of the Casino Operator’s minimum bankroll to ensure compliance with laws and regulations.
  
• Performs regular audits of the Casino Operator’s compliance with the laws and regulations regarding the Commonwealth’s Voluntary Exclusion list.
  
• Acts as a backup to Casino Compliance when Casino Compliance Representatives are not available.
  
• Maintains all audit records as well as other documents filed with the Virginia Lottery. Ensures that audits of Casino Operators are in compliance with their minimum internal control standards and relevant regulations. This includes, but is not limited to, the observation of audit functions including verifying, sampling, reviewing, confirming, observing, examining, and reporting in assigned areas.
  
• Discusses audit findings and remediation plans with the Casino Audit Manager ensuring that reports are clear, concise, identify root causes with practical solutions, and ultimately provide value and meet compliance.
  
• Perform testing using Word, Excel and/or other audit software to prepare work papers to document audit procedures performed and support conclusions.
  
• Collects and analyzes data to detect deficient controls.
  
• Makes operational, system, or policy recommendations to the Casino Audit Manager to effectively accomplish the mission of the department.
• Effectively researches available data and compiles findings in response to investigative and/or administrative inquiries.
  
• Prepares status reports and compiles statistical information as requested by the Leadership Team.
  
• Assists the Casino Audit Manager in planning and coordinating activities of the department’s audit processes, procedures, and forms to support established regulations for the Commonwealth’s Casino Operators.
  
• Develops and maintains audit objectives based on the annual risk assessment and the probability of significant errors, fraud, and noncompliance.
  
• Performs other duties as assigned.
  

Minimum Qualifications

• Bachelor’s Degree from an accredited 4-year college or university in Accounting, Finance, or related field.
  
• Minimum two years’ experience in Audit, Finance, Accounting or Casino Gaming Operations.
  
• Knowledge of Generally Accepted Auditing Standards, Generally Accepted Accounting Standards, and the COSO Internal Controls Framework.
  
• Demonstrated ability to execute multiple types of audits and working cooperatively with Casino Operators.
  
• Excellent communication (oral and written) skills.
  
• Ability to build effective working relationships with diverse groups of individuals.
  
• Ability to clearly document audit findings, prepare management reports, and make logical and sound decisions in critical, complex, and changing situations.
  
• Ability to develop and document procedures to create an efficient and effective workflow.
  
• Demonstrated ability to effectively handle multiple priorities and /or competing tasks and responsibilities.
• Excellent problem solving and conflict resolution proficiencies.

A comparable amount of training and experience may be substituted for the minimum educational requirement.

Additional Considerations

Casino experience is highly desirable (preferably in Internal Audit, Revenue Audit, or Casino Gaming Operations).

Certified Public Accountant (CPA), Certified Internal Audit (CIA), or Certified Fraud Examiner (CFE) is preferred.

Special Instructions

You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to “Your Application” in your account to check the status of your application for this position.

Contact Information

Name: Jennifer Taylor

Phone: 804-692-7215

In support of the Commonwealth’s commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.

Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.