Internal Audit Officer

About the Company

Red Sea International Company, a Saudi Public Joint Stock Company comprises the businesses of Red Sea Housing Services (RSHS), the Industrial Housing Division, Red Sea Affordable Housing (RSAH), the affordable housing arm, and Red Sea Building Materials (RSBM), the Building Materials Division. Since the establishment of our first subsidiary 4 decades ago, Our innovative building techniques and business spread is reflected through the diversified product portfolio and successful imprint across industry sectors. Whilst establishing our footprint in over 65 countries worldwide, we have actively embedded our presence and reputation as the leader in off-site modular construction.

About the Role

As an Internal Audit Officer, you will be responsible for evaluating, monitoring, and enhancing the internal control environment, risk management frameworks, and operational processes across the company. You will coordinate with various operational, financial, and technical departments to ensure compliance with organizational policies, regulatory frameworks, and statutory standards. Your role includes assisting senior management with developing risk-based audit plans, preparing financial and operational audit estimates, managing audit field engagements, reviewing contract compliance and submittals, inspecting project and factory sites for procedural and safety compliance, and maintaining strict audit schedules and reporting quality across all company activities.

Responsibilities

• Understanding internal audit standards, corporate policies, and regulatory frameworks to develop engagement time schedules and audit budgets.
• Monitoring, tracking, and reporting the progress of internal audit reviews, control testing, and corrective action plans.
• Understanding and ensuring full compliance with all statutory, regulatory, and corporate contract requirements.
• Developing technical solutions, audit strategies, and risk mitigation plans in corporate governance, financial control, and operational management.
• Researching and issuing internal audit reports, developing executive presentations, and proposing automated audit software solutions.
• Ensuring complete accuracy and accountability in coding, editing, and writing audit findings, formal reports, official letters, and management memos.
• Maintaining detailed audit files, testing records, working papers, and documentation using applicable software systems and procedures.
• Assisting with training internal staff and business units on internal control compliance and internal audit software tools.
• Assisting with annual audit budgeting, resource allocation, and engagement scheduling.
• Reviewing procurement processes for goods and services, including evaluations of vendor, consultant, and subcontractor selections.
• Communicating continuously with department heads, site supervisors, factory leads, and executive management.
• Analyzing technical financial data, operational workflows, and project records to provide precise risk and cost-impact estimates.
• Ensuring all audit assignments and special reviews are completed on time and strictly within approved audit budgets.
• Drafting audit programs, control matrices, and process flowcharts using specialized audit software programs.
• Making estimations for audit engagement timescales, resource hours, and potential financial impact costs.
• Deciding on the most appropriate internal audit methodologies, sampling techniques, and control testing strategies for each assignment stage.
• Overseeing and auditing accounts payable, accounts receivable, payroll, and general ledger operations.
• Attending and scheduling audit entrance/exit meetings with department managers, external auditors, consultants, and executive leadership.
• Attending accounting and audit conferences to broaden professional knowledge, maintain professional credentials, and network.
• Maintaining audit software licenses, digital tools, and audit hardware inventories.
• Performing other related duties and ad-hoc investigations as required and assigned.

Qualifications

3 -6 years of direct experience in internal audit, external audit, corporate governance, or risk management.

Professional Membership: Active membership in the Saudi Organization for Chartered and Professional Accountants (SOCPA) is required (e.g., SOCPA Fellow/Associate Member, or SOCPA Technician/Affiliate Certification).

Education: Bachelor's degree in accounting, Finance, Business Administration, or an equivalent discipline.

Certifications: Additional certifications such as CIA (Certified Internal Auditor) or CISA (Certified Information Systems Auditor) are a plus.

Software Proficiency: Strong proficiency with audit management software, ERP systems (e.g., Microsoft Dynamics 365, SAP, or Oracle), and specialized data analytics tools.

Office & Reporting Tools: Advanced expertise in Microsoft Excel, PowerPoint, and Word with demonstrated experience in developing audit dashboards, analytical spreadsheets, and formal reports.