Internal Auditor, LACERA

LACERA - Pasadena, CA4.3

This examination will remain open until the needs of LACERA are met and may close without prior notice.

The Los Angeles County Employees Retirement Association (LACERA) administers and manages the $55+ billion retirement fund for the County of Los Angeles. We provide retirement, disability, and death benefits to eligible County employees and their beneficiaries, and collect, deposit, invest, and manage retirement funds collected from the County, outside districts, and County employees.
LACERA is one of the largest county retirement associations in the United States with over 156,000 members. Our membership is comprised of individuals from a diverse range of careers, age groups, and ethnicities - all contributing to the greater welfare of Los Angeles County.

Benefits include health insurance, annual leave, sick leave, retirement, paid holidays, and ride share program.

LACERA Values: We work together toward achieving our mission through our shared Values.

Our Values include Professionalism, Respect, Open Communication, Fairness, Integrity, and Teamwork.

Examination Information: Examination Number: 9-0764-E Job Bulletin Number: 18-32

Type of Recruitment: Open Competitive

The Internal Auditor is responsible for independently performing moderately difficult to complex audits, investigations and consulting engagements under the supervision of Principal Internal Auditors, or the Chief, Internal Audit. Positions in this class are responsible for providing independent and objective appraisals of the organization, and ensuring internal controls over operations are adequate to safeguard assets and comply with applicable laws, policies, procedures, and professional standards. Internal Auditors are also responsible for planning and managing audits, reviews, and consulting projects. They may also work as a member of an audit team. Incumbents must have an in-depth knowledge of auditing practices and procedures, professional principles, audit standards, and applicable laws and regulations. Incumbents are also required to be knowledgeable in professional accounting principles.

The current vacancy is located in the Internal Audit Division.

CERTIFICATION BONUS: Any permanent, full-time employee working in this classification possessing a valid Certified Internal Auditor (CIA) certification issued by the Institute of Internal Auditors or a Certified Information Systems Auditor (CISA) certification from the Information Systems Audit and Control Association, or a Certified Public Accountant (CPA) issued by the State of California is entitled to a Certification Bonus equal to two (2) salary schedules (approximately 5.5%) as provided by the Los Angeles County Step Pay Plan.

Work Schedule: This full time position is required to work a 5/40 schedule (e.g. an eight (8) hour day, Monday through Friday) for at least the first six (6) months of employment
EXAMPLES OF ESSENTIAL JOB FUNCTIONS: The following examples are intended to describe the general nature and level of work performed by persons assigned to this classification. Depending on the assignment, duties may include, but are not limited to the following:

Conducts routine to moderately difficult audit, review and consulting assignments, following audit plans developed with a Senior or Principal Internal Auditor; works as a member of an audit team in performing elements of more complex and technical audit projects; attends entrance meetings with operational managers to discuss the planned audit process.

Performs onsite audit and field work; interviews appropriate personnel; determines requirements and obtains, verifies, and analyzes available data; observes actual practices, evaluates functional operating techniques and identifies existing or potential problem areas.

Identifies causes or contributing factors relating to problems; participates in determining the significance of findings; participates in discussing issues, findings and possible solutions or avenues for improvement with operating management; participates in or analyzes, develops and tests conclusions on the best approach for solution or improvement.

Assists in preparing formal audit memoranda, reports and presentations detailing deficiencies and recommendations for corrective action to improve operations and ensure sound internal control; assists in managing the process for reviewing, issuing and filing audit reports.

Ensures audit work and findings are well documented and working papers are complete and properly maintained.

Completes and coordinates on-going and/or new continuous process tests and monitors continuous process metrics on a monthly and quarterly basis.

Assists audit staff in the completion and preparation of the Annual Risk Assessment.

Assists with or performs special projects as directed by management; may perform other duties related to operational audits in assigned areas or functions.

Periodically travels to offsite locations throughout the United States to perform audits of LACERA service providers.

Graduation from an accredited four year college or university with a major in accounting, finance, business, economics, computer science, information systems or a related field.

Three (3) years of experience in a relevant LACERA or County classification performing analyses of organization, systems and procedures, risk management and similar functions and making recommendations for corrective action or improvement;


Two (2) years of experience performing audits, continuous process tests and/or consulting engagements including the issuance of a formal report to a board of directors;


Two (2) years of experience performing complex financial analysis in pension, investment, banking or insurance industries.

A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions.

PHYSICAL CLASS II - LIGHT - Light physical effort which may include occasional light lifting to a 10 pound limit, and some bending, stooping or squatting. Considerable walking may be involved.

Demonstrated experience in the following areas:
Performing operational, compliance and management audits independently or as a part of a small team.
Preparing audit programs and planning memos for audit engagements of new processes or procedures.
Performing financial analysis, analytical reviews and/or operational work in the pension fund, investments, banking, or other related industries.
Knowledge and understanding of concepts related to information technology operations ors audits, including security, general controls, application controls and technology risks.
Preparing preliminary audit memorandums and reports, detailing audit results and recommendations.
Presenting results of audits or investigations to management and/or Board of Directors.
Partnering with all levels of staff, management, and governing boards, in the assessment of organizational risks.
Possession of or working towards one or more of the following certifications: CFE- Certified Fraud Examiner, CIA - Certified Internal Auditor, CISA - Certified Information Systems Auditor, CPA - Certified Public Accountant.
Excellent written and oral communication skills.
Proficiency in the use of Word, Excel, Access, and Power Point.
Skilled in the use of Teammate or other similar audit software.
Skilled in the use of Audit Command Language (ACL) or similar analytical software tools.

To receive credit for the above desirable qualifications, your application must clearly describe your experience.

Knowledge of: theories and procedures applicable to internal controls of various systems and processes, procedures and reports required for compliance with State, Federal and/or LACERA policies and/or regulations; Institute of Internal Auditors Professional Audit Standards; principles and processes for providing excellent customer service. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction; basic techniques to deal effectively with a variety of individuals from various cultural and ethnic backgrounds in person and over the telephone; modern office methods, procedures, and equipment; principles or management, supervision and training; the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar; principles and applications of the Microsoft Office Applications including Word and Excel.

Ability to: analyze data, operations, policies, procedures, audit findings, memorandums and legislation to adopt effective courses of action; recommend solutions and evaluate the outcome, formulate, organize and supervise an internal audit program, interpret and apply applicable policies and rules, present audit findings and recommendations to management, committees, and/or Boards; handle multiple daily telephone calls while providing excellent, dedicated, service to each call; navigate a computer while on the phone; solve complex problems; locate, assemble and reconcile information from various source documents and records utilizing general analytical and arithmetic reasoning; provide succinct and understandable explanations of complex material; communicate effectively both verbally and in writing; establish and maintain effective working relationships with other staff internally and externally; work in a fast paced, constantly changing environment with a high demand for accuracy and customer service; manage multiple responsibilities simultaneously and complete tasks as assigned; exercise punctuality and dependability; demonstrate strong organizational and interpersonal skills; operate a personal computer utilizing Microsoft applications such as Word and Excel; and learn new and complex computer system applications.

EXAMINATION CONTENT: The examination will consist of:
Part I: A qualifying evaluation of application information and the desirable qualifications.

Only the most highly qualified applicants as determined under Part I will be invited to continue in the examination process under Part II.

Part II: An appraisal oral interview weighted 100%.

Those candidates which are determined eligible for hire under the Los Angeles County's Civil Services Rules may be invited to the selection process which may be comprised of a selection interview and/or job related assessments.


EXAMINATION NOTIFICATIONS: All test invitations (e.g. oral, performance, written, etc.) and/or special notices will be sent to candidates via email to the email address provided on the official application only. Please ensure your email address is correct at the time of filing. Allegations of not receiving the email notification to the email address provided on the official application will not be considered an acceptable reason to authorize an early or late examination administration.

All other notifications (e.g. Notice of non-acceptance, Notice of Results, etc.) will be mailed via United States Postal Services (USPS) to the mailing address provided on the official application. Test scores/results cannot be given over the telephone.

Allegations of not receiving notifications sent via USPS to the mailing address provided on the official application cannot be considered to authorize an extension of appeal rights.

ELIGIBLE INFORMATION: The names of candidates receiving a passing grade will be placed on the eligible register in the order of their score group for a period of twelve (12) months following the date of promulgation.

Application must be submitted online. Applicants can check the status of their applications at anytime by logging into their account on

The acceptance of an employment application depends upon whether or not an applicant has provided adequate information that clearly demonstrates meeting the Selection Requirements for the position as stated above. Please complete the application and supplemental questionnaire thoroughly and completely. Information provided in the supplemental questionnaire must be reflected in the application to be considered.

Failure to provide complete information on the employment application and on the supplemental questionnaire will impact the assessment of an applicant's qualifications and acceptance in the selection process.

Applications submitted without the complete work history and the supplemental questions completed in their entirety will be rejected as incomplete. "See application" or See resume" or copy and paste of work experience is not sufficient or qualifying responses.

Resumes will not be accepted in lieu of the completed application or supplemental questionnaire.

In the space provided for education, include the names and addresses of schools attended, and number of credits, degree, and/or certificate(s) earned.

In order to receive credit for any college course work, or college degree, such as an Associate, Bachelor, Master, Doctorate degree, or for completion of a certificate program, you must include a legible copy of the official diploma, official and/or unofficial transcripts, or an official letter from the accredited institution which shows the area of specialization or official certificate(s) at the time of filing or within ten (10) business days from application submission date.

Applicants must provide the appropriate attachments during application submission, email the documentation to or fax a photocopy of the required documents to (626) 564-6699 within ten (10) business days of filing. Please include the examination title and number on the documentation.

Failure to provide the appropriate documentation may result in your application being rejected as incomplete and will be removed from consideration.

Your employment history should be listed in order beginning with the most recent.

For each job held, provide the name and address of your employer, your job titles, beginning and ending dates, description of work performed, salary earned, and reason for leaving.

If you have worked in more than one position for one employer, please list each job title and/or area of assignment separately to demonstrate your experience in various assignments/occupational areas.

Part-time experience will be evaluated on the basis of its fractional equivalent of a 40-hour workweek.

All required experience must be paid.

This position may require working evenings, weekends, and holidays.

TO APPLY ONLINE GO TO: and click on the Careers link.

Faxed, emailed, or hardcopy (paper) applications will not be accepted.

COMPUTER AND INTERNET ACCESS AT PUBLIC LIBRARIES: For candidates who may not have regular access to a computer or the internet, applications can be completed on computers at public libraries throughout Los Angeles County.

Candidate(s) who complete examination process with acceptable results will be considered by the Department hiring authority. Upon an offer of employment, a comprehensive background investigation will be conducted, which includes verification of experience, and/or education, credit history, and fingerprinting through the California Department of Justice and the Federal Bureau of Investigation.

BACKGROUND CHECK: Except for a very limited number of positions, candidates will not be asked to provide information about conviction history until they receive a contingent offer of employment. LACERA will make an individualized assessment of whether or not a candidates conviction history has a direct or adverse relationship with the specific duties of the job, and consider potential mitigating factors, including but not limited to; evidence and extent of rehabilitation, recency of the offense(s), and age at the time of the offense(s). If asked to provide information about conviction history, any convictions or court records which are exempted by a valid court order do not have to be disclosed.

Please note that all information included in the application materials is subject to verification at any point during the examination and hiring process, including after an appointment has been made. Falsification of any information may result in disqualification or rescission of appointment.

Utilizing verbiage from the Classification Specification and/or Minimum Requirements serving as your description of duties will not be sufficient to demonstrate that you meet the requirements. Doing so may result in your application being incomplete and you may be disqualified. Applications may be rejected at any stage of the examination process.

Requests for
Teletype Telephone: (800) 899-4099
Department Contact Name: Sharon Norton
Department Contact Telephone: (626) 564-6000 extension 3350
Department Email: