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  • Job reference: RMS0120627

Manager of Internal Audit

  • Sector: Commercial
  • Location: Doha
  • Job type: Permanent
  • Date posted: 17/04/2013
This vacancy has now been filled.

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The Role:
The incumbent is responsible for leading the business's Internal Audit activities such as performing financial, operational, system and process audits of the business units and outsourced operations by focusing on financial reporting and related IT processes. Conduct fraud / special investigations when required by the Internal Audit Committee and effectively communicate audit results. Ensure that company’s policies and procedures are in compliance with the overall business objectives, and review accuracy and reliability of the accounting records and financial reports.

• Provide strategic direction and leadership in the areas of Internal Auditing.
• In collaboration with senior management and the audit committees, develop and implement a comprehensive Internal Audit Plan using an appropriate risk-based methodology.

• Ensure compliance with policies, procedures and adherence to statutory and regulatory obligations.
• Liaise with the legal advisor, external auditors and concerned regulatory and government bodies on matters of professional audit standards in order to ensure adherence to audit guidelines.
• Prepare an annual internal plan covering all functions of company properties and the corporate office, providing appropriate guidance from activity planning to its execution, reporting and follow-up and ensure adherence to company standards on the same.
• Lead the development and implementation of company processes, policies, procedures and standards associated with all Audit transactions, and ensure their compliance to statutory and regulatory obligations.
• Propose short, medium and long term strategy to manage activities concerning the financial and non financial auditing.
• Direct the implementation and execution of the annual audit plan, in order to ensure that all deadlines are met in an effective and efficient manner.
• Provide expertise and professional advice to the Audit Committee and the Board of Directors on compliance and system/process controls to ensure implementation of an appropriate audit program.
• Develop and implement an Internal Audit plan for the company; evaluate effectiveness of the different functions, accuracy of financial records and efficiency of operations.
• Identify and evaluate company risk areas and provide key input to the development of the annual audit plan.
• Coordinate with the external auditors and regulators, as appropriate for the purpose of optimal audit coverage to the business.
• Provide support to the companies Audit Committee/Executive Management in monitoring operational aspects of support services, in addition to maintaining an efficient control and risk environment on a company-wide basis.
• Develop and implement financial auditing programs that are responsible for reviewing and appraising the soundness and adequacy of internal accounting controls, determining to which extent assets are properly accounted for and safeguarded from losses and establishing the reliability of accounting data maintained in the books and records.
• Audit the accounting records and controls, financial statements, and financial information produced by the company's financial and accounting systems.
• Assess the adequacy of the accounting system and its internal controls.
• Provide an independent assessment of the adequacy of, and compliance with, company established / approved operational policies and procedures, such as; Procurement & Tendering, Sales & Marketing, Finance & Accounting, etc.
• Ensure that objectives pertaining to authorization, accuracy and validity, recording, and reporting of business activities are achieved.
• Detect and prevent fraud based on the direction of the Audit Committee.
• Follow up and oversee outstanding audit issues and ensure they are being addressed as and when agreed.
• Raise reports to the Audit Committee and the Board of Directors as required on any areas where risk might be encountered due to noncompliance with the company adopted financial and non financial policies and standards.
• Review and approve periodic reports on Internal Audit, summarizing results of audit findings and recommendations.
• Present management reports, including findings on the result of the audit examination, discussing deficiencies and recommending ways to improve management controls and operating efficiency/reduce costs in the properties.
• Perform audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence and documenting client’s comments and requests.
• Obtain management approval to take corrective actions, in case of any discrepancies noted in order to ensure adherence to the internal audit strategy supporting the companies business objectives.
• Perform the internal auditing of financial and non financial activities and ensure their compliance with the adopted policies and the applied standards.
• Provide and assist in training, coaching and guiding the internal audit department staff in conducting audits and other-audit related issues in coordination with the HR & Admin Department.
• Collect and analyze data to detect deficient controls, duplicated effort, fraud, or non-compliance with laws, regulations and management policies, in collaboration with the General Counsel.
• Develop formal written reports to communicate audit results and findings to the Audit Committee and the Board of Directors in order to make recommendations as appropriate.
• Assist in the investigation of significant suspected fraudulent activities within company operations and notify the Audit Committee and the BOD of the results.
• Prepare periodic reports of activities and achievements that were carried out during the auditing process in the assigned property of the company.
• Ensure high standards of confidentiality to safeguard commercially sensitive information.
• Provide timely and accurate information to the external and internal auditors and the Risk & Compliance function as and when required.

• Supervise direct subordinates in their day-to-day tasks and provide guidance in managing performance by providing appropriate feedback, mentoring and counseling.
• Allocate work to Internal Audit Department employees, nominate for training as per company guidelines, conduct performance reviews and manage leave and overtime to ensure efficiency.
• Approve regular vacation scheduling, business leave and emergency leave of internal Audit Department employees in accordance with the Human Resources policies and procedures.

Essential Skills / Qualifications:
- Bachelor’s degree in Business Administration with specialization in Financial Management and / or Accounting, from a recognized university. Professional Certification such as CIA/CISA/CPA is preferable.
- Minimum 10 years of related experience of which a minimum of 5-6 years should be in a similar position / responsibility, preferably in a similar Industry.
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