Job Description

Job description

General Responsibility:

The Head of Internal Auditor is responsible for preparing and implementing a risk based audit plan to assess, report on, and make suggestion for improving the company's key operational and finance activities and internal controls.

Additionally, the position is responsible for identifying and assisting in documenting existing internal finance and disclosure controls, implementing and documenting new internal controls, and establishing and internal monitoring function to audit the company's compliance with such internal controls.

The below duties and responsibilities of the Head of Internal Audit role are related but not limited to your task and responsibilities and in addition to the other duties related to manage and perform the Internal Audit Department / Section.

Specific Responsibilities:

Compliance and Governance -

Assess compliance with policies, procedures, and relevant regulations.

Monitor changes in regulatory requirements and ensure the organization's adherence.

Team Leadership -

Manage and lead a team of internal auditors, providing guidance, support, and professional development opportunities.

Foster a positive and collaborative team culture.

Trains New staff, as needed.

Quality Assurance -

Implement and oversee a quality assurance and improvement program for the internal audit function.

Ensure compliance with internal audit standards and best practices.

Reporting -

Prepare and present comprehensive and insightful audit reports to senior management and the Audit Committee.

Track and follow up on the implementation of audit recommendations.

Continuous Improvement -

Identify opportunities for process improvements within the internal audit function.

Stay informed about industry trends, best practices, and emerging risks.

Keeps abreast of company policies and procedures, current developments in accounting and auditing professions, and changes in local laws, as applicable.

Participates in development, implementation and maintenance of policies, objectives, short-and long-range planning.

Key Responsibilities:

Undertake the internal audit of the Divisions of Al Nasr Holding viz Venture Gulf Trading and General Services, Metal Recycling, Venture Gulf Engineering, Avis Rent a Car and other associate Companies entrusted to you by the Management.

Specific Responsibilities:

Audit Planning and Strategy -

Develop an annual internal audit plan based on risk assessments, regulatory requirements, and organizational priorities.

Establish strategies for the effective execution of audit engagements.

Perform audit work, including plan preparation, workpapers, findings, and associated reports, verified the accuracy of financial records as they pertain to assets, liabilities, receipts, expenditures and related transactions.

Audit Execution -

Lead and conduct internal audits across the organization, evaluating the adequacy and effectiveness of internal controls.

Ensure that audit procedures are performed in accordance with professional standards.

Assists in development of the Company's annual audit plan.

Perform preliminary planning and establishes direction for audits, provides leadership to assigned auditors, manage project to quantity outcomes, while meeting established time budget.

Risk Assessment -

Conduct risk assessments to identify and prioritize areas of potential risk to the organization.

Develop and implement risk-based audit plans.

Stakeholder Collaboration -

Collaborate with key stakeholders, including management and process owners, to understand business processes and identify areas for improvement.

Communicate audit findings and recommendations in a clear and constructive manner.

Manages performance of audit assignments, review workpapers and audit report; reviews and edits reports prepared by other auditors.

Coordinates and interacts with company personnel / staff, and with vendors doing business with the company.

Coordinates and interacts with audit firms performing external audits of company financial statements.

Check and verify the authenticity of cash and cheque payment vouchers, salary sheets and other related financial documents including costing pertaining to the Divisions of Al Nasr Holding before submitting it to the Management for Approval.

Submit a statement of cash and bank position of all Divisions to the Management on a daily basis.

Submit the budget, cash flow statement and management information about the position of the Company on a monthly basis.

To work with trustees and management to ensure a system is in place which ensures that all major risks of the Company are identified and analyzed, on an annual basis.

To plan, organize and carry out the internal audit function including the preparation of an audit plan which fulfils the responsibility of the Company, scheduling and assigning work and estimating resource needs.

To report to the management on the policies, programs and activities of the Company.

To coordinate coverage with the external auditors and ensure that each party is not only aware of the other's work but also well briefed on areas of concern.

To make recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management's response and implementation.

To review and report on the accuracy, timeliness and relevance of the financial and other information that is provided for management.

Coordinates the data processing system with financial data for the purpose of ensuring system is operating efficiently, effectively and accurately.

Ensuring compliance with accounting policies and procedures and using audit programs.

Coordinating with Unit / Branch managers and Group Finance Managers for conducting risk assessment, preparing reports, conducting presentations, evaluating financial records and investigating fraud.

Conducting risk assessment as required.

Meeting with business owners and executives and drafting recommendations

Experience in the financial sector with previous possible roles such as financial analyst.

Extensive understanding of financial trends both within the company and general Market patterns.

Proficient user of Finance software.

A solid understanding of financial statistics and accounting principles.

Collating, preparing Business activity and interpreting reports, budgets, accounts, commentaries and advance financial analyses to determine present and forecasted financial health of the company

Undertaking strategic analysis and assisting with strategic planning

Producing long-term business plans

Carrying out business modeling and risk assessments

Maintain the financial health of the organization.

Manage the preparation of the company's budget.

Liaising with auditors to ensure appropriate monitoring of company finances is maintained.

Understand and follow company rules and regulations.

Job Types: Full-time, Permanent

Job Type: Full-time