Job Description

We are looking for an Internal Audit Manager for an F&B company based in KSA.

 

Location – Riyadh, KSA

Salary – 20,000 SAR/month + benefits

 

Qualifications:

• 4 to 6 years experience in Audit field with 2-3 years in big four auditing companies.
• Bachelor’s degree in Finance, Commerce or Accounting.
• Certificate (CIA, CPA) is a plus.
• Big four companies experience is plus.

 

Job Related Skills:

• Bilingual: English & Arabic
• Strong Report Writing (English) and Communication & Presentation Skills
• Problem Solving & Analytical Skills
• Customer Focused, Self Motivated, & Result Driven
• People Management & Development Skills
• Proficient in the use of audit and fraud detection software/tools

 

Key Responsibilities:

 

Audit Operational Management

• Participate in the development of the annual audit plan.
• Monitor and allocate resources during the implementation of the annual audit plan for all functions of the company’s – RICC.
• Plan, prioritize, and manage audit programs so that audit activities are conducted with minimal disruption to day-to-day business operations and completed in accordance with the annual plan.
• Develop, evaluate, and review audit procedures and standards to ensure that the audits are conducted rigorously and consistently.
• Coordinate projects involving external auditors to ensure that they have the appropriate access to information and people with the organization.
• Collect and analyze data to detect deficient controls, duplication of effort, fraud, or non-adherence with regulations in operations (stores) and functions.
• Supervise the identification and evaluation of the company’s RICC risk areas.
• Inspect accounting books and accounting systems to ensure adherence to the Generally Accepted Accounting Principles (GAAP), compliance with laws and regulations while recording transactions, audit the cash and financial treansactions at operational stores.

Audit Initiatives

• Examine and evaluate key financial and operational information systems and processes, and recommend controls to ensure data accuracy and integrity.
• Explore alternative courses of action for correcting control weaknesses and improving performance.
• Perform preliminary surveys of assigned audit areas and flowcharting systems and processes.
• Perform key audits in functions throughout the company’s – RICC when required. 

Business Control Initiatives

• Plan regular evaluations of all existing processes and procedures to ensure that the company’s - RICC is not being exposed to any form of control risk.
• Follow-up on a continuous basis with operations (stores) and functions where a control risk has been identified, to ensure that remedial action is taken; in case of non-cooperation such matters to be escalated to higher management levels for immediate action.
• Provide solutions / solve problems whenever a control risk occurs due to the conflict of interest between practical plans and statutory restrictions or conflict with systems established by the company’s – RICC. 

Business Control Awareness

• Set up programs for employee participation in identifying control risk; conduct awareness programs to help all employees of the company’s - RICC understand and know what control risk is and how to report it.
• Develop programs to ensure that the company’s - RICC’s employees understand the importance and sensitivity of the Audit function.
• Build relationships with Industry experts to ensure sharing of knowledge and materials, as appropriate, for the best use of knowledge on control issues.

Audit Reporting

• Evaluate audit findings, prepare audit reports, and make recommendations to Director of Internal Audit about how the organization’s financial, operational, and managerial processes and system could be improved.
• Analyse and finalize operations (store) and routine functional Audit reports · Prepare and review audit work papers to ensure they are consistent with the departmental and IIA standards.
• Prepare and review audit work papers to ensure they are consistent with the departmental and IIA standards
• Inform Management of the company’s - RICC whenever any control risk is identified; analyse/assess the exposure from identified control risk and find ways and means to avoid or mitigate such risk.
• Prepare audit work papers that clearly describe each control tested, associated risk, audit steps taken, testing results, non-compliance reports and management actions plans.
• Inform superiors whenever any control risk is identified.
• Analyse/assess the exposure from identified control risk and find ways and means to avoid or mitigate such risk.
• Actively communicate results throughout the project to others and offer actionable/viable recommendations for improvement.
• Assist in presenting findings to senior management (written or oral) as and when required during the audit process, discussing deficiencies, recommending corrective actions and suggesting improvements in internal controls.
• Ensure that reports are presented clearly, concisely, accurately and in a timely manner in accordance with internal audit standards.
• Maintain the remediation database and update superiors on a regular basis of status of recommendations acted upon or otherwise in accordance with agreed timeframes.

 

People Management

• Lead, direct, evaluate, and develop a team of audit professionals to ensure that audit activities are conducted to high standards of accuracy, rigor, and credibility and according to relevant policies and procedures, regulations and industry standards.
• Plan, manage and review individual performance and provide regular feedback, development opportunities & coaching, and taking prompt action where necessary.
• Assist in the development and spearhead the execution of development/training plans for subordinates.
• Participate in the identification and recruitment of key talent.
• Promote a high-performance working environment and the Company's values.

 

About the Role:

We are seeking an Internal Audit Manager to plan, direct, monitor, and perform Internal Audit activities throughout the company’s - RICC network to enhance organizational performance, mitigate associated risks, and ensure full adherence to financial, operational, system and legal/regulatory requirements.