Corporate Internal Auditor

JOB PURPOSE

Responsible for providing guidance on financial data accuracy, internal controls and regulatory compliance. Accountable for examining, detecting and improving operating practices, financial and risk management processes of the organization.

KEY ACCOUNTABILITIES

1. Perform and control the full audit cycle including risk management and control management over operations effectiveness, financial reliability, accuracy and compliance with all applicable companys internal policies, international financial reporting standards, and federal laws and regulations. 
2. Determine internal audit scope and develop weekly, monthly, quarterly and yearly basis annual plans.
3. Obtain, analyze and evaluate accounting documentation, financial reports, data, flowcharts, etc. 
4. Identify the financial risk of the organization and loopholes and recommend risk aversion measures and cost savings to improve profitability. 
5. Document process and prepare audit findings memorandum. 
6. Ensure proper reconciliation of all inter-company transactions and subsidiaries accounts is maintained on monthly basis, and report any mismatching figure to the concerned accountant to adjust their records. 
7. Assist external auditors with the yearly audit report preparation and completion of all subsidiaries in UAE, KSA, Qatar, Oman and Bahrain by its set deadline, in compliance with the international accounting standards, IFRS, and country tax laws and regulations, and implement the suggestion given by them in consultation with the management.
8. Prepare accurate and error free monthly or quarterly VAT reports in compliance with the federal tax authority and ensure report submission by the deadline set by the FTA. 
9. Prepare the year-end corporate tax reports for all subsidiaries by its deadline for management revision and discussion.
10. Review the employee clearance file to ensure the accuracy of the settlement claim and recovery of any pending dues, by verifying his/her entitlement for the end of service benefits, leaves compensation, and air ticket allowance as per their employment contracts, and in compliance with the Ministry ofLabor regulations in each country. 
11. Review effectiveness and efficiency of internal control system and procedures, and suggest and implement corrective actions.
12. Develop, implement and maintain internal audit policies,procedures and best business practices in accordance with local and international regulations.
13. Report to department head and management all audit findings and recommendations.
14. Plan regular site visit audit schedule on fixed assets, inventory, cash sales, petty cash handling, and report findings to management.
15. Conduct ad hoc investigations into identified or reported risks.
16. Act as an objective source of independent advice to ensure validity, legality and goal achievement.
17. Engage in continuous knowledge development regarding sectors tax rules, regulations, best practices, tools, techniques and performance standards.
18. Maintain open communication with management.
19. Establish a professional relationship with banks, external auditors, insurance companies, and other external parties.
20. Implement all internal policies and procedures issued by the management.
21. Perform any other work assigned to you by the management, when required.