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Job Purpose
Oversee internal audits for alfanar subsidiaries, focusing on manufacturing and construction projects. Key duties include planning audits, evaluating financial data, ensuring compliance, and providing recommendations to improve controls and processes.
Key Accountability Areas
Risk Identification and Communication:
- Work with the Chief Audit Executive to ensure a system is in place to identify and communicate key risks.
- Ensure risks are tested and monitored on an ongoing basis.
Reporting and Documentation:
- Prepare periodic and year-end reports on audits and related activities.
Execution of Internal Audit Plan:
- Effectively execute the annual internal audit plan, including scheduling and resourcing.
- Manage and supervise all internal audit activities related to the plan and special projects assigned by the Chief Audit Executive.
Staff and Consultant Management:
- Manage, evaluate, and optimize the work of internal audit staff and external consultants.
Adherence to Audit Methodology and Quality Standards:
- Ensure audits are executed and reported in line with alfanar’s internal audit methodology and quality standards.
- Update methodology periodically to align with best practices.
Monitoring Internal Controls:
- Identify, document, and monitor processes and internal controls.
- Keep the Chief Audit Executive informed of significant risks and developments.
Remedial Recommendations and Action Plans:
- Provide recommendations for improvements and assist management in formulating action plans.
- Monitor the implementation of action plans and ensure their effectiveness.
Financial and Operational Accuracy:
- Review and report on the accuracy of financial and operational information reported by management.
Development of Detailed Audit Programs:
- Develop tailored audit programs ensuring all necessary tests and activities are included to achieve defined objectives.
Sign-Off on Audit Working Papers:
- Review and approve audit working papers and reports before presenting them to the Chief Audit Executive.
Value-Added Recommendations:
- Make recommendations for improvements in risk management, internal controls, project management, and cost-saving opportunities.
Review of Management Action Plans:
- Review management’s implementation of action plans for areas of improvement identified in audits.
- Ensure corrective actions are appropriate and initiate further discussions if needed.
Representation in Meetings:
- Attend meetings or represent the internal audit department in business-related discussions as directed by the Chief Audit Executive.
Continuous Improvement of Audit Quality:
- Recommend new audit procedures and propose updates to the internal audit methodology and manual to improve quality.
Role Accountability
HR Proficiency:
- Ability to recruit, recognize and cultivate high performers and expose them in order to create a robust second line of management.
- Ability to recognize low performers and guide them to improve or release them.
- Ability to treat subordinates equally without any discrimination.
- Assessment criteria of subordinates is performance that leads to planned results.
- Ensure availability of delegation of authority matrix to have sufficient delegations as per company policy.
Responsibility:
- Must take full responsibility for his operation as per the job description and the required deliverables from this position, taking into consideration the general company guidelines.
- Able to anticipate problems and make the necessary proactive steps to prevent them
- Ability to take necessary and proper timely decisions.
Delivery:
- Deliver the required results in timely manner with required quality and cost.
- Making a Tangible Difference:
- Must make a tangible difference to his area of operation. and exceed business expectations.
Business Planning and Performance:
- Able to transform the corporate goals into business plans.
- Able to Plan, follow-up and execute those plans, whether they are annual or development plans.
- Monitor the plan performance and initiate action to strengthen results and take the corrective action accordingly.
- Provide periodic work progress reports.
- Responsible for monitoring and controlling budgets and expenses to achieve the optimum cost efficiency.
Organizational Development:
- Develop the organizational structure according to the current requirements taking into consideration future and development plans.
- Ensure availability of job descriptions for all job roles and deployment.
Business Process Improvements:
- Develop, coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.
- Should be conversant and able to navigate through IT solutions especially those relevant to his job and business.
- Promote the automated systems and using them fully, to spread its culture.
Quality:
- Quality is considered as alfanar’s prime competitive advantage as such, managers are expected to act accordingly.
Adaptation:
- Adapt to new and alternative techniques, technologies, management structures, and business models.
Health, Safety and Environment:
- Ensure a safe, secure, and legal work environment as per the standard regulations.
Academic Qualification
Bachelor Degree in Accounting and Finance or Any relevant field
Work Experience
6 to 10 Years
Technical / Functional Competencies
Audit Best Practices
Audit Planning
Audit Reporting
Auditing Procedures/Standards
Compliance Audits
Internal Audit Controls
Post Audit Reviews
Security Audits
