About the role : We are currently seeking an experienced Operational & Financial Auditor to join our Group Internal Audit organization.
Group Internal Audit’s primary role is to protect the interest of the owners of the AI Futtaim Group of Companies. Group Internal Audit is an independent appraisal function established within AI Futtaim Group to examine and evaluate its activities as a service to the Group.
The objective of Group Internal Audit is to assist management with analysis, appraisals, recommendations, information and consulting concerning the activities reviewed.
The role will serve to perform Operational and Financial Audit in accordance with the annual audit plan to evaluate :
The existence, adequacy and effectiveness of internal controls
Compliance with company policies and operating procedures
Controls on safeguarding of assets
Economical and efficient use of resources
Reliability and Integrity of Information
Accomplishment of established business objectives
Key Accountabilities Audit Plans and Programs
Assist the Audit Manager in the development of annual audit plan by assessing the degree of risk.
Assist in the development of audit program for each audit assignment before commencement of the audit. This should be documented as template in (AMS) with risks, control and tests to be performed.
Operational and Financial Audit
Conduct internal audit assignment for evaluation of adequacy and effectiveness of the system of internal control and quality of performance in carrying out assigned responsibilities in all business processes / segments.
Review the approval process to ensure that Group policies / procedures and delegations of authorities are complied.
Ensure that assets of the group are safe guarded.
Audit Reports and Records
Documentation of audit work in Audit Management system which can fully support the audit findings.
Prepare professional audit reports which should clearly communicate findings, analysis, appraisals, recommendations and information concerning the activities audited.
Audit Manager should be timely updated with key findings.
Discuss preliminary audit findings with the concerned staff / management in order to highlight the observations to management and to get their concurrences.
Assist in preparation of executive summary for each engagement along with the detailed report and audit follow up form.
Assist in the preparation of monthly summary report to be presented to Vice Chairman after it has been reviewed by line manager / Group Director Internal Audit.
Job holder needs to assist in the follow up on the implementation of audit recommendations.
Computer Assisted Audit
Ability to extend audit coverage to a wider and more representative population using computer-based audit techniques. E.g. use of ACL.
Human Resource Development
Achieve high professional standards of audit performance, reports and recommendations in conformity with International Standards of Internal Audit and within the Group’s policy, procedures and long range goals.
Such consulting assignments are performed based on management request in order to establish a fact or to evaluate a specific situation.
Frauds, Misappropriations, etc
Fraud investigation should be conducted in order to identify the loss / exposure, control weaknesses, personnel responsible and recommendation to prevent reoccurrence.
Qualifications : Experience : Min : 3 Salary : Unspecified