Principal Responsibilities / Accountabilities:
Establishes internal audit policies and procedures including reporting templates, for conduct and reporting of internal audits within Al Majdouie Group.
Develops the internal audit department annual plan, with input from Top Management and the Audit Committee.
Plans and executes, financial and operational internal audit engagements, including coordination with functional management and affected internal personnel.
Conducts / arranges conduct of special studies for management, such as those required to discover mechanics of detected fraud and to develop controls for fraud prevention.
Inspects / arranges inspection of accounting systems to determine their efficiency and protective value.
Promotes high levels of ethical awareness and conduct within Al Majdouie Group and administer independent investigations of potential ethical problems or conflicts of interest. Notifies management and the Audit Committee of the findings, as appropriate.
Provides opinion to Al Majdouie Group as an advocate for internal control and provides guidance to the integrity, efficiency and effectiveness Al Majdouie Group’s control activities.
Maintains proactive audit service relationship with the Audit Committee.
Interacts frequently with business process owners, senior management and external auditors.
Provides timely, efficient and effective audit updates on issues, opportunities and recommendations to Top Management and the Audit Committee.
Prepares periodic written reports for management and, as appropriate, for the Audit Committee on significant issues related to internal control processes to ensure that these processes are appropriate for the current and evolving business environment and to provide information concerning such issues through resolution.
Recommends appropriate, cost-effective remediation and monitors management’s response and implementation
Manages and develops audit staff.
Manages any outsourced Internal Audit activities, as may be needed from time to time.
Reviews records pertaining to material assets, such as equipment and buildings, and staff to determine degree to which they are utilized.
Reviews reports of audit findings submitted by internal auditors and prepares recommendations for management.
Arranges audits on process and technical adherence to laid down policies and procedures by various departments and reports on compliance issues in systems.
Keeps the President informed regularly on levels of abnormalities and highlights critical issues that need to be followed up by top management.
Managerial General Responsibilities:
Ensures that subordinates have the required knowledge, skills, competencies and experience in order to reach the Department's objectives.
Contributes to the selection of personnel within the Department, and oversee the orientation and the performance for new employees.
Contribute, follow up, persuade, accomplish, and or ensure fulfillment of annual KPI's desired by the respective area and by the Department in all.
Contributes to the performance and performance appraisal process and ensures that individual and collective performance standards are reached within the Department.
Track, rectify, and follow up in adhering to budget, and propose fair justification for needed deviations, and or recommend and control solutions to overcome unaccepted or expected deviations, and provide with reports stand for.
Identifies development needs within the Department and ensures that staff receives appropriate training on an ongoing basis in coordination with relevant departments.
Supervise the employees and the operations of reporting areas within the Department and monitor performance on a periodic basis.
Scientific Degree in Finance, Risk Management or related fields.
A Certified Internal Auditor (CIA) qualification or equivalent.
Minimum 8 years of internal audit experience or quality assurance, including at least 3 years as a chief auditor for a large diversified group in the Region.
a certificate in information systems (CISA)
- Job Location:
- Dammam, Saudi Arabia
- Company Industry:
- Distributions and Logistics; Automotive; Manufacturing and Production
- Company Type:
- Employer (Private Sector)
- Job Role:
- Support Services
- Joining Date:
- Employment Status:
- Full time
- Employment Type:
- Monthly Salary Range:
- Manages Others:
- Number of Vacancies:
- Career Level:
- Years of Experience:
- Min: 7
- Residence Location:
- Bachelor's degree / higher diploma