Internal Audit Manager

Bachelor of Commerce(Commerce), ACCA(Audit and Finance)

Nationality: Male

Medical Insurance, Paid Leaves, Perks & Benefits As Per Labour Law, Transportation, Travel Allowance

Vacancy: 1

Job Description

We are hiring Group Audit Manager - (Group of Companies / Industries Finance Experience)

Experience in: Metal Industries, Real Estate, Transport, Manufacturing & Industries, FMCG, Oil & Gas sector is an advantage.

Job Purpose:

To coordinate and effectively conduct internal audits to provide Management assurance that the following are aligned towards the achievement of overall company objectives:

1. Company’s resources are economically and effectively utilized and safeguarded
2. Reliability and integrity of information provided to Senior Management
3. Compliance with Company’s policies and procedures, as applicable
4. Adequate system of internal control, risk management and corporate governance within Company.

Key Accountabilities:

Internal Audit

1. Plan and execute audits and reviews, including special ad-hoc investigations and other reviews as may be requested by Senior Management.
2. Carry out audit assignments in accordance with the International Auditing Standards and Professional Code of Ethics. Document, communicate and agree upon all audit findings and issues with the auditees.
3. Draft audit reports concisely and present audit issues in appropriate context with recommendations for proper implementation by auditees. Follow up periodically on implementation of agreed audit actions.
4. Communicate effectively and professionally with auditee management throughout the audit process.
5. Establish and maintain effective business relationships within the organization and maintain knowledge of assigned functional departments.

Investigations

1. Perform investigations involving allegations of irregularities, fraud, corruption, and other violations of the Company’s Code of Conduct as communicated by management.
2. Collaborate with other stakeholders (e.g., Legal, HR, Finance) to conduct forensic investigations as required.
3. Carry out investigations in a fair, objective, and thorough manner in compliance with relevant policies and regulations.
4. Evaluate the adequacy and effectiveness of internal controls; identify and communicate results of investigations, including control deficiencies, causes, and recommendations to Operational, Legal, and HR management.
5. Provide concise and timely updates to the Head of Audit on the progress of investigations and deficiencies identified.
6. Evaluate the anti-fraud framework and provide recommendations for improvement.
7. Follow up with management over the implementation of actions arising from investigation reports.
8. Maintain a log register of all complaints and reports received, investigated, and decisions taken.
9. Prepare clear, comprehensive, and cohesive investigative reports and memoranda in a timely manner and present findings and recommendations to Audit Manager and Head of Audit.
10. Ensure all documentation and evidence on investigated cases are securely maintained and access is restricted to authorized parties.

Audit Reports

1. Prepare clear, comprehensive, and cohesive audit reports and memoranda in a timely manner and present findings and recommendations for review and approval.
2. Recommend practical improvements corresponding to observations to contribute to the improvement of governance, risks, and control processes.
3. Ensure adequacy of corrective actions taken on audit recommendations/improvement options.

Key Personal Attributes

1. A good blend of creative thinking and rigorous analysis in solving business problems.
2. High energy individual possessing excellent analytical, interpersonal, communication, and presentation skills. Adept at preparing and presenting to senior audiences.
3. Demonstrates excellent leadership and interpersonal skills. Must maintain a professional demeanor in high-stress situations.
4. Excellent time management skills with the ability to multi-task.

Minimum Experience & Knowledge & Skills

1. Minimum 6 years varied experience in internal audit, audit & fraud risk assessment, investigations, case handling, management, project management, and implementation, ethics and compliance, or related functions.
2. Experience in Real Estate, Transport, Manufacturing & Industries, Food & Beverages, and Oil & Gas sector is an advantage.
3. High level of proficiency in English and Arabic is preferable.

Professional Certifications

1. Certification (at least one) e.g. CA, ACCA, CMA, CIA, CISA.
2. Forensic Certification is preferable (e.g. CFE).