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Title:  Audit Chief

Application Deadline Date:  12/09/2019
Req ID:  3095
Department:  Transportation Agency

Montpelier, VT, US

Position Type:  Permanent
Schedule Type:  Full Time
Hourly Rate:  $38.32

The Audit Chief at the Agency of Transportation has direct responsibility for the work of nine staff and is a resource for both state and federal regulatory compliance. Charged with minimizing risk of financial loss to the Agency of Transportation by overseeing and strengthening internal controls, the Audit Chief is available to assist all managers in the agency. Job duties include responsibility for records management, directing and supporting internal and external audits, and financial oversight of grant subrecipients and the contract terms of AOT’s professional consultants. An important role is to review and accept indirect cost charges to the agency from professional consultants under contract.


Job Duties fall into three major categories:


1. Audit:
•    Liaison for external audits (ex: internal controls, statewide single audit, federal audits, State Auditor of Accounts), including responsibility for assessing findings, developing corrective actions, and monitoring ongoing compliance.
•    A/E Consultant financial requirements and indirect cost rates:  understanding and applying complex federal regulations governing the determination of a consultant’s financial risk, and reviewing CPA audits and assessing the allowability of overhead costs claimed.
•    Review of new contracts, amendments, and work authorizations for A/E consultant contracts.
•    Financial analysis support to Consultant Selection Committees as requested, using a risk-based process as encouraged by the Federal Highway Administration.  
•    Maintenance of a confidential database of over 500 consultants and other entities that are required to submit financial reports and indirect cost schedules to VTrans Audit Section for review annually.
•    Consultant invoice reviews: verification of overhead, labor, and direct expenses charged by VTrans’ consultant contractors.
•    Internal performance audits: involves establishing the audit scope, sample size, and methodology of each audit, guiding staff to collect evidence, verify results, develop recommendations, and present results to agency leaders.


2. Records Management:
•    Oversight of electronic storage program for agency records.
•    Responding to Public Records Requests in accordance with Vermont statutes.
•    Reprographics meets the large volume/large format scanning and copying needs of the Agency.
•    Records Inventory and Retention/Destruction have critical legal implications and are governed by federal regulations as well as Vermont statutes.                        


3. Grants:
•    Subrecipient monitoring: Verification that each grant subrecipient accounts for, spends, and documents the use of federal funds in accordance with state and federal regulations.
•    Subrecipient audit review: Intake, review, compliance verification, and corrective action follow-up of single audits performed by independent CPAs for our grant subrecipients annually.  


Who May Apply

This position, Audit Chief (Job Requisition #3095), is open to all State employees and external applicants.
If you would like more information about this position, please contact Director of Finance & Administration, Wayne Gammell, at wayne.gammell@vermont.gov or (802) 461-7291.
Please note that multiple positions in the same work location may be filled from this job posting.
Resumes will not be accepted via e-mail. You must apply online to be considered.

Environmental Factors

Duties are performed in an office setting or in the field. Significant pressure from deadlines is present. Significant travel may be necessary and incumbent should have a private means of transportation available. Some evening or overtime work may be required. Some audit situations may assume an adversarial nature, requiring significant tact and persistence to complete the audit in a successful manner.

Minimum Qualifications

Master's degree or higher in accounting, auditing, finance or related field of study AND one (1) year or more of professional accounting or auditing experience.
Bachelor’s degree in accounting, auditing, finance or related field of study AND three (3) years or more of professional accounting or auditing experience.
Associate degree in accounting, auditing, finance or related field of study AND five (5) years or more of professional accounting or auditing experience.
High school diploma or equivalent AND seven (7) years or more of professional accounting or auditing experience.
Accreditation as a CPA or Certified Internal Auditor or equivalent

Preferred Qualifications

Professional accounting or auditing experience in the public or governmental sectors.

Total Compensation
As a State employee you are offered a great career opportunity, but it's more than a paycheck. The State's total compensation package features an outstanding set of employee benefits that are worth about 30% of your total compensation, including:
  • 80% State paid medical premium
  • Dental Plan at no cost for employees and their families
  • Flexible Spending healthcare and childcare reimbursement accounts
  • Two ways to save for your retirement: A State defined benefit pension plan and a deferred compensation 457(b) plan
  • Work/Life balance: 11 paid holidays each year and a generous leave plan; many jobs also allow for a flexible schedule
  • Low cost group life insurance
  • Tuition Reimbursement
  • Incentive-based Wellness Program
  • Qualified Employer for Public Service Student Loan Forgiveness Program
Want the specifics? Explore the Benefits of State Employment on our website.
Equal Opportunity Employer
The State of Vermont is an Equal Opportunity Employer. Applications from women, individuals with disabilities, veterans, and people from diverse cultural backgrounds are encouraged.

Nearest Major Market: Barre
Nearest Secondary Market: Montpelier