Date: 17-May-2019
Location: Riyadh, SA
Company: Al Futtaim Private Company LLC
Job Requisition ID: 35308
No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.
As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.
Come join us to live well, work better, and be the best.
JOB PURPOSE:
Perform Operational and Financial Audit in accordance with the annual audit plan to evaluate:
-The existence, adequacy and effectiveness of internal controls
-Compliance with company policies and operating procedures
-Controls on safe guarding of assets
-Economical and efficient use of resources
-Reliability and Integrity of Information
– Accomplishment of established business objectives
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Description of the Accountability :
Audit Plans and Programs :
- Assist the Audit Manager in the development of annual audit plan by assessing the degree of risk.
- Assist in the development of audit program for each audit assignment before commencement of the audit. This should be documented as template in (AMS) with risks, control and tests to be performed.
Operational and Financial Audit
- Conduct internal audit assignment for evaluation of adequacy and effectiveness of the system of internal control and quality of performance in carrying out assigned responsibilities in all business processes/segments.
- Review the approval process to ensure that Group policies/ procedures and delegations of authorities are complied.
- Ensure that assets of the group are safe guarded.
Audit Reports and Records
- Documentation of audit work in Audit Management system which can fully support the audit findings.
- Prepare professional audit reports which should clearly communicate findings, analysis, appraisals, recommendations and information concerning the activities audited.
- Audit Manager should be timely updated with key findings.
- Discuss preliminary audit findings with the concerned staff/ management in order to highlight the observations to management and to get their concurrences.
- Assist in preparation of executive summary for each engagement along with the detailed report and audit follow up form.
- Assist in the preparation of monthly summary report to be presented to Vice Chairman after it has been reviewed by line manager/Group Director – Internal Audit.
- Job holder needs to assist in the follow up on the implementation of audit recommendations.
Computer Assisted Audit
Ability to extend audit coverage to a wider and more representative population using computer based audit techniques. E.g. use of ACL.
Human Resource Development
Achieve high professional standards of audit performance, reports and recommendations in conformity with International Standards of Internal Audit and within the Group’s policy, procedures and long range goals.
Special Assignments
Such consulting assignments are performed based on management request in order to establish a fact or to evaluate a specific situation.
Frauds, Misappropriations, etc
Fraud investigation should be conducted in order to identify the loss/exposure, control weaknesses, personnel responsible and recommendation to prevent reoccurrence.
QUALIFICATIONS, EXPERIENCE, & SKILLS:
Minimum Qualifications and Knowledge: Chartered Accountant (CPA, ACA etc.), ACCA, MBA (FINANCE), CIA, CFA, with knowledge of internal audit function.
Minimum Experience: A Minimum of 3 years in internal audit function
Job-Specific Skills:
– The candidate should have thorough knowledge concept of internal controls and generally accepted internal auditing standards.
– The candidate should be well versed with data analytics through spreadsheets
– The candidate should have a good grasp over verbal and written communication including report writing skills
– The candidate should be self-driven with ability to effectively execute audit assignments with minimal supervision.
-The candidate should be able to effectively communicate with personnel across the organizational hierarchy and be able to influence business in a constructive manner.
– The candidate should be able to multi-task when situation demands.
– Exposure to ERP software such as SAP and Oracle is highly desirable.
– Familiarity with data analytics software ACL and audit management / documentation systems is desirable.
Behavioral Competencies:
Some key behavioral competencies in an ideal candidate are:
– Integrity and Honesty
-Can do attitude
– Positive approach
– Team player
– Tact
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Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.
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