Senior Internal Auditor (Operations)

Job Purpose

To carry out comprehensive audit and evaluation of management controls (over financial activities or administrative and operational activities as assigned to you) in order to ensure that internal control system for integrity and reliability of financial processes are implemented and working efficiently and effectively, to ensure smooth and timely progress of audit programs according to annual audit plans, and in accordance with corporate strategies, objectives, procedures, policies, and directives. To perform and follow up all financial audits as agreed with the Department Manager and to prepare final audit reports, audit findings and recommendations for corrective action plans.

Job Specific Accountabilities

Annual Risk-Based Internal Audit Plan
u2022 Perform quarterly and annual risk assessment exercise conducted by Audit & Assurance Division for the assigned organisational units.
u2022 Develop annual Risk-based Internal Audit Plan based on the results of risk assessment exercise.

Internal Audit Planning
u2022 Identifies and discusses the objectives and approach of proposed audit effort with the Department Manager, as directed.
u2022 Participates in the planning of assigned audit reviewsu2019 approach and scope. Prepares Audit program
u2022 Identifies risks, mitigating controls and prepares the audit testing program for the scope areas agreed for the audit reviews. Assists in planning and carries out comprehensive audit programs for reviewing and evaluating management controls over financial, procedures, policies and activities in various areas, divisions and departments as per approved audit plan and communicates it to subordinates. Reviews completeness, appropriateness and effectiveness of internal controls, processes, procedures and policies in place, audit findings and makes recommendations.
u2022 Conducts preliminary review of audit assignments to help establishing scope and develop audit plans (including those of testing).
u2022 Assists Department Manager in developing and carrying out audit assignments.

Job Specific Accountabilities2

Internal Audit Execution

u2022 Executes the approved annual audit plan as agreed and ensures that all audited areas are subject to adequate evaluation of internal controls. Identifies areas that may require additional audit coverage to ensure that systems, procedures and internal controls are effectively adhered. Collects and analyses all necessary evidence, to assess any potential procedural risks.
u2022 Prepares/updates the Risks Assessment Process and preparation of Risk Register of auditable entities
u2022 Evaluates adequacy and effectiveness of the process controls based on the business knowledge and experience and modify the scope of audit review, as may be required with the approval of Department Manager.
u2022 Determines auditing procedures to be applied, including use of IT Audit techniques, sampling methods etc.
u2022 Analyses and reviews financial and related operational systems, policies and procedures, and provides value-added recommendations to improve and enhance controls. Reviews and discusses with the concerned staff all matters, control gaps and other issues disclosed in audit reports.
u2022 Obtains and reviews audit evidence as the basis for an informed, objective conclusion on the adequacy and effectiveness of internal control system over the activities/ scope being reviewed.
u2022 Prepares and records working papers related to the audit tests performed which evidence and support the observations, results and conclusion. Such working papers should be adequately documented within the Audit Management (AMS).
u2022 Supervises and supports audit activities carried out by auditors to ensure smooth and timely progress of audit programs. Monitors and follows up schedules of assignments and ensures tasks are successfully completed according to annual audit plan. Distinguishes between critical and non-critical tasks and gives priority accordingly to ensure high quality and prompt work.
u2022 Follows up works carried out by auditors to ensure adequacy, thoroughness and completeness. Reviews weekly progress of all audit programs performed by audit staff. Prepares and updates the weekly audit staff work schedules for Department Manager.

Job Specific Accountabilities3

Internal Audit Reporting

u2022 Recommends enhancements in management controls designed to mitigate business risks, safeguard organizational assets, rectify identified/ reported deficiencies and contribute to growth and improve profitability, preferably by recommendations resulting in the Measured Value of Audit (MVA).
u2022 Discusses the result of the audit reviews and recommendations with Department Manager.
u2022 Prepares final audit reports for Department Manageru2019s review which highlights audit observation and potential impacting and also include conclusion, expressing professional opinions on the adequacy and effectiveness of risk management, control system and efficiency with which activities are conducted.

Internal Audit Follow Up
u2022 Makes all necessary follow up on audit findings and audit report with concerned division/ department manager to ensure implementation of agreed corrective action plans.
u2022 Follows up on u201Cactions must be takenu201D by various audited departments/divisions, according to audit reports and corrective action plans, as agreed with the auditees.
u2022 Performs and reviews updating of all financial audit programs.
u2022 Participates and supports AAD management in preparation of periodic follow-up communication, including overdue and outlook statistics, for the companyu2019s leadership team.

Audit Committee
u2022 Participates in facilitation of Audit Committee Meetings in the areas of writing the Audit Presentation and drafting the minutes of meetings.

Others
u2022 Performs ad hoc and special reviews and also administrative duties to support AAD management, as per the request.

Minimum Qualification

u2022 Bachelor Degree in Commerce/ Accounting.

Minimum Experience, Knowledge & Skills

• 8 years of professional experience in auditing, preferably in oil and gas industry or international audit firms.
• Hands on experience in working with an audit management system.
• Experience on working in an environment with ERP system, preferably SAP.
• Strong verbal and written communication skills in English, knowledge of Arabic is an advantage
• In-depth knowledge of IFRS, Budgeting and Management accounting principles
• Excellent report writing skills with the ability to clearly write complex issues
• Excellent knowledge of Microsoft Office, especially Word, Excel and PowerPoint
• Ability to work independently and as part of team
• Critical Thinking & Analysis skills
• Thorough understanding on the internal audit, corporate governance and risk management

Professional Certifications

u2022 At least one professional qualification/ certifications (CIA, ACCA, ACA, CPA, CFE, CISA) is preferred.