Compliance Auditor

Agency

Dept of State Treasurer

Division

ST Unclaimed Property

Job Classification Title

Auditor I (NS)

Position Number

60009046

Grade

NC10

About Us

Our mission is to preserve, protect and sustain the state’s pension and healthcare plans, generate investment returns in excess of comparable public pensions, properly account for and report on all funds that are deposited, invested, and disbursed through the North Carolina Department of State Treasurer, assure the financially sound issuance of debt for state and local governments, maintain the state’s “AAA” bond rating, and provide exemplary service across all divisions of the Department.

Description of Work

The primary purpose of this position is to assist with or perform compliance reviews and audits of holders to ensure compliance with North Carolina General Statute 116B. Such holders can include banks and other financial institutions, insurance companies, manufacturers, retailers, public utilities, hospitals, and other private and public sector entities. This position will also assist Holders with their voluntary efforts to comply with North Carolina requirements.

Knowledge Skills and Abilities/Management Preferences

*The anticipated hiring rate for this position is up to $53,532, based on available funding and internal equity considerations.*

Assist with Holder Education and Compliance – 40%

• Respond to Holders' unclaimed property inquiries through phone calls, emails, and mail.
• Send out unclaimed property questionnaires to potential Holders.
• Follow up and assist Holders that have not responded to prior communications.
• Assist with processing and review of holder reports.
• Assist Holders in becoming compliant through the various audit and compliance programs.
• Assist with composing and presenting PowerPoint presentations and material for holder education events.
• Assist with additional compliance tasks and projects as needed.

Perform Unclaimed Property Audits — 20%

• Examine and analyze financial records, including balance sheet details and other Holder information relevant to unclaimed property audits in accordance with established audit procedures, rules and regulations.
• Analyze schedules and other information provided by Holders to determine unclaimed property liability.
• Conduct compliance audits with appropriate professionalism, confidentiality and audit proficiency.
• Track reporting schedule(s) and status of assigned audits accurately and in an organized manner.

Facilitate Audit Activity Performed by Vendors – 20%

• Support the process of authorizing audits to Vendors by reviewing and analyzing Audit Vendor proposals and performing additional Holder research to assist in the decision-making process.
• Review Holder's reporting history, analyze estimated cost of audit vs potential unclaimed property findings, prepare written documents and participate in opening and closing conferences with Holders that are facilitated by an Audit Vendor.
• Ensure contract terms are met, review invoices, reports, and other documents submitted by Audit Vendors, take appropriate actions and timely address and resolve any inconsistencies identified.

Issue Audit Reports and Findings - 10%

• Develop clear, accurate and complete audit work papers.
• Issue audit reports with findings that are thorough, professional and sufficiently supported by work papers.

Assist with Risk Assessment and Audit Planning - 5%

• Participate in the audit risk assessment process analyzing potential Holders of unclaimed property based on risk factors such as industry compliance, type and size of the business entity, and unclaimed property reporting history.
• Use data and professional judgment to identify Holders that are at a high risk of having unreported, or under-reported unclaimed property, and to determine if those Holders will be recommended for compliance audits.

Assist with Holder and Owner Outreach —5%  

• Assist with outreach activities as needed, including working at least one shift at the NC State Fair, and all other duties as needed to support the receipt, safekeeping and return of unclaimed property to rightful owners. Occasional travel may be required.

Salary Range - $43,267.00 - $75,718.00

Position is Not Subject to FLSA Overtime

This position may be assigned additional job functions as needed. This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change, or new ones may be assigned at any time with or without notice based on business conditions or as required by the agency to fulfill its mission.

Minimum Education and Experience

Some state job postings say you can qualify by an “equivalent combination of education and experience.” If that language appears below, then you may qualify through either years of education, years of directly related experience, OR a combination of both. See oshr.nc.gov/experience-guide for details.

The minimum Education and Experience is a bachelor’s degree in accounting or in business administration or other field from an appropriately accredited institution with twelve (12) semester hours in accounting and one (1) year of accounting/auditing experience in the preparation of interpretive or analytical accounting/financial statements and reports; or Associate’s degree in accounting from an appropriately accredited institution and three (3) years of experience as specified above; or equivalent combination of education and experience.

Important: This posting closes at 11:59:59 PM the night BEFORE the End Date above.

If you have student loans, becoming a state employee includes eligibility for the Public Service Loan Forgiveness Program. Visit https://studentaid.gov/ to learn more. 

This position currently qualifies for a hybrid telework option with routine office and remote workdays. The NC Department of State Treasurer trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management.  

NC State Health Benefits:
The State of North Carolina offers excellent comprehensive benefits. Employees can participate in health insurance options, standard and supplemental retirement plans, and the NC Flex program (numerous high-quality, low-cost benefits on a pre-tax basis).  Employees also receive paid vacation, sick, and community service leave.  In addition, paid parental leave is available to eligible employees.  

Visit the website for State Benefits

Supplemental and Contact Information

The North Carolina Department of State Treasurer (DST) is an Equal Opportunity Employer that embraces an Employment First philosophy, which consists of complying with all federal laws, state laws, and Executive Orders.  We are committed to reviewing requests for reasonable accommodation at any time during the hiring process or while on the job.  For more information about DST: NCTreasurer | NC Treasurer.

DST uses the Merit-Based Recruitment and Selection Plan to fill positions subject to the State Human Resources Act with the most qualified individuals.  Hiring salary will be based on relevant qualifications, internal equity, and budgetary considerations pertinent to the advertised position.

In accordance with the Governor’s Executive Order 303, our agency supports second-chance employment for individuals who were previously incarcerated or justice-involved.  We invite all potential applicants to apply for positions for which they may be qualified.

Application Process
Be sure to complete the application in its entirety.   Resumes will not be accepted in place of completing this application. 

• Information should be provided in the appropriate areas, to include the following: Education, including high school and all degrees obtained, Work Experience, and Certificates & Licenses. It is critical to our screening and salary determination process that applications contain comprehensive candidate information.
• Answers to Supplemental Questions are not a substitute for providing all relevant information within the body of your application. To receive credit for the supplemental questions, you must provide supporting information within the "Work Experience" section of the application to support your answers.
• Applicants may be subject to a criminal background check. All candidates selected for positions considered "Positions of Trust" will be subject to a criminal background check.
• Due to the volume of applications received, we are unable to provide information regarding the status of your application over the phone. To check the status of your application, please log in to your account.  Upon the closing date, applications are "Under Review" and will be screened by Human Resources for qualified applicants. The hiring process may take several weeks.
• Degrees must be received from appropriately accredited institutions.  Transcripts and degree evaluations may be uploaded with your application. The State of North Carolina/Office of State Human Resources uses the National Association of Credential Evaluation Services (NACES) as a referral resource for applicants who need to have their credentials certified as equivalent.
• For a list of organizations that perform this specialized service, please visit the NACES membership website at https://www.naces.org/members. 

Degree/College Credit Verification

Degrees must be received from appropriately accredited institutions.  Transcripts, degree evaluations, and cover letters may be uploaded with your application.

Veterans’ and National Guard Preference

• Applicants seeking Veteran's Preference must attach a DD-214 Member-4 Form (Certificate of Release or Discharge from Active Duty) to their applications.
• Applicants seeking National Guard Preference must attach an NGB 23A (RPAS), along with the state application, if they are a current member of the NC National Guard in good standing. 
• Applicants who are former members of either the NC Army National Guard or the NC Air National Guard, with honorable discharge and six years of creditable service, must attach a copy of the DD 256 or NGB 22, along with the state application.

ADA Accommodations

Consistent with the Americans with Disabilities Act (ADA) and the Pregnant Workers Fairness Act (PWFA), DHHS is committed to the full inclusion of all qualified individuals. As part of this commitment, DHHS will ensure that people with disabilities, or known limitations covered by the PWFA, are provided with reasonable accommodation.  If reasonable accommodation is needed to participate in the job application or interview process, please contact the person indicated below.

Background Check

• The selected candidate will be subject to a criminal history background check through Castle Branch.
• One or more of the following may also be reviewed, depending on the nature and requirements of the position: employment history, professional references, credit history, and educational verification (i.e., degree, license, or official transcript).
• The selected candidate will be required to pass the background check to the satisfaction of the North Carolina Department of State Treasurer. All offers of employment are conditional until the satisfactory completion of the background check.

EEO Statement

The State of North Carolina is an Equal Employment Opportunity Employer and is dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination, harassment, or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy, childbirth, or related medical conditions; and for religious beliefs, observances, and practices.

Contact Information: 

If there are any questions about this posting, other than your application status, please email the NC Department of State Treasurer at [email protected].

Minimum Education and Experience

Some state job postings say you can qualify by an “equivalent combination of education and experience.” If that language appears below, then you may qualify through EITHER years of education OR years of directly related experience, OR a combination of both. See the Education and Experience Equivalency Guide for details.

EEO Statement

The State of North Carolina is an Equal Employment Opportunity Employer and dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination, harassment, or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy, childbirth, or related medical conditions; and for religious beliefs, observances, and practices.

Recruiter:

Leonard C Harper

Recruiter Email:

[email protected]