FUNCTION: The Staff Internal Auditor is responsible for conducting independent protective and constructive audits for the Company. This position reviews the effectiveness of controls, financial records, and operations and is responsible for reporting findings to appropriate parties.

SPECIFIC DUTIES AND RESPONSIBILITIES

• Examines records of the Company to ensure proper recording of transactions and compliance with applicable laws.
• Inspects accounting systems to determine their efficiency and protective value.
• Analyzes data obtained for evidence of deficiencies in controls, duplication of effort, fraud, or lack of compliance with management's established policies or procedures.
• Prepares reports of findings and recommendations.
• Other duties as assigned.

STANDARDS OF PERFORMANCE

• Technical abilities demonstrated: Accounting matters, Data Processing/spreadsheet & database systems.
• Oral and written communication skills.
• Maintaining interpersonal professional working relationships with Company management and personnel, which encourage openness and trust.

EDUCATION, TRAINING AND EXPERIENCE

• Requires a four-year college degree in accounting or related business degree.
• Gaming and/or Internal Audit experience preferred.
• CPA and or CIA preferred

FUNCTION: The Internal Audit Manager is responsible for assisting the Corporate Director of Internal Audit in directing, performing, and coordinating the internal audit function of the Company. This position is responsible for training and directly supervising Staff Internal Auditor(s). In addition, this position is responsible for reviewing procedures in place to maintain compliance with federal, state, local, and Company requirements and reports where system weakness are identified.

DUTIES AND RESPONSIBILITIES

• Assists the Director in developing and planning a comprehensive internal audit program, including preparation of risk assessment.
• Assists Director in coordinating activities of audit staff, including preparing staff schedules and developing and approving Audit Programs.
• Conducts periodic audits to examine and analyze financial, operating, and administrative records to determine compliance with Company policies and procedures.
• Assigns and supervises audit staff for particular audits as required.
• Reviews field work of audit staff.
• Prepares reports for management describing the results of audit examinations, including recommendations for improvement.
• Trains and supervises staff internal auditors.
• Assists with internal investigations.
• Assists the implementation of internal controls and policies.
• Answers internal policy inquires from management and staff.
• Ensures the development of a quality audit staff by promoting certification, continuing education and additional training as required.
• Maintains updated knowledge of gaming laws and regulations applicable to areas of responsibility.
• Other duties as assigned.

EDUCATION, TRAINING AND EXPERIENCE

• Three years of gaming experience
• Managerial experience preferred but not essential
• Bachelor's degree (BA) from four year college or university
• MBA, CPA or CIA certification preferred

SUMMARY

Examines and analyzes financial, operating and administrative records of Churchill Downs Incorporated and its subsidiaries to determine the compliance with the Company’s financial, operating, and administrative policies and procedures. The position reports to the Director of Internal Audit.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Perform detailed account testing and financial analysis.
• Perform analytical reviews.
• Assist with the compilation of audit reports for senior management and the Board of Directors’ Audit Committee.
• Assist in planning and developing strategy for performing audits, including developing audit plans and programs.
• Assist in detailed analysis of existing conditions and assess areas of risk and identify areas where operational efficiencies can be achieved.

SUPERVISORY RESPONSIBILITIES
This position has no direct reports

EDUCATION and/or EXPERIENCE
• Bachelor's degree (B. A.) in Accounting or Finance from four-year college or university – a MBA is preferred
• CPA or CIA required
• 3 years of internal auditing experience
• Ability working within an independent working environment
• Proficient with Microsoft Excel, Word, PowerPoint and accounting software
• Strong organizational skills and attention to detail with an understanding of finance and business
• Candidate must also have the ability to effectively communicate with various levels of employees including senior management and board members.

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 regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee frequently is required to stand and walk. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

The noise level in the work environment is usually moderate.