Jobs Accounting/Banking/Finance Jobs in Saudi Arabia in Saudi Arabia
Strategic Contribution:
Contribute as a member of the senior management team to the overall management and direction of the group, to ensure that clear short, medium and longer term goals and objectives are established, communicated and achieved to optimise business results and returns to stakeholders
Develop and gain agreement to the strategy for the Internal Audit function in the context of the overall business strategy, communicate and oversee implementation of this to ensure strategic alignment of the function with the business. Attendance and active contribution to senior management meetings.
Quality and viability of the functional strategy
Quality viability and degree of implementation / realisation of the functional strategy.
Policies, Processes & Procedures
Oversee the development and implementation of policies, procedures and controls covering all areas of internal audit so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service to customers Compliance with procedural and legislative requirements
Effective communication of policies and procedures
Budget
Oversee the consolidation and recommend the internal audit budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified and potential areas of cost reduction or performance improvement opportunities are capitalised upon Financial variance versus budget
Budgets and plans prepared within budgeting process timescales
Accuracy of budget
Audit Manual
Lead and guide the development, review, implementation and effective maintenance of the Internal Audit manual while providing direction for all Internal Audit activities across Alrashed’s group Awareness of the Internal Audit requirements and standards across business units.
Audit of compliance to the Internal Audits Manual.
Annual Internal Audit Plan
Develop and seek approval for the annual internal audit plan ensuring alignment of all business units to promote achievement of the Group’s business strategy
Ensure effective implementation of approved plans across business units within set timelines to facilitate achievement of financial and operational objectives Timely achievement of the audit plan
Audit System / Process Review
Manage and review the audit process and its implementation within by delivering a comprehensive, ongoing risk-assessment process for the - to assess the effectiveness of operational, and financial control mechanisms
Lead the review of - internal processes and ensure compliance with relevant laws and regulations while recommending enhancements to standard operating procedures to enhance internal controls and mitigate the risk
Lead and guide the reviews on financial, administrative, performance, and operational effectiveness and ensure prompt highlighting of critical non-conformances to the senior management for prompt action in order to achieve target levels of efficiencies Number of internal controls reviewed, and recommendations for change that have been approved for implementation.
Continuous follow up on the action plans developed.
Adherence to legislative requirements.
Feedback on quality of advice provided.
Irregularities and areas of non-compliance with policies and procedures are reported in a clear and precise manner.
Audit Management
Lead and oversee the development of audit programmes to detail the various steps for conducting audits
Direct, lead and guide the audit team to accomplish audit programs in accordance with the applicable guidelines and standards
Direct auditors to conduct quarterly audit field work in order to ensure the audit programmes are conducted in line with audit plans
Lead the review of financial reports and budget utilisation from a legal and financial perspective and ensure timely updating of the senior management to facilitate strategic decision making
Conduct special investigations and reviews as requested by Audit Committee; identifies problematic areas, and directs the preparation of reports on audit findings and corrective action recommendations
Ensure effective monitoring of progress on corrective action plans recommended to ensure timely completion of tasks as per schedule. Timely and accurate preparation of reports as per organisation policies and requirements.
Number of Audit Reports issued vs. Plan.
Percentage of Action Plan implemented.
Leadership
Manage the effective achievement of departmental objectives through the leadership of the Internal Audit - setting individual objectives, recruiting qualified staff, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal - in order to maximise subordinate and departmental performance Individual objectives, training and development plans in place for all direct reports within the timescales defined
Frequency of feedback & appraisal meetings
Change Management
Lead and direct the management of change through continuous improvement of departmental systems, processes and practices taking into account ‘international best practice’, changes in international standards and changes in the business environment which demand proactive action plans Number and quality of improvements are aligned with management expectations and implemented
Reporting
Ensure that all Internal Audit’s reports are prepared timely and accurately and meet company and department requirements, policies and standards All department reports are prepared timely and accurately and meet company policies and requirements
Related Assignments
Perform other related duties or assignments as directed Audit Committee and Managing Director’s feedback
Job Details
| Date Posted: | 2017-03-30 |
| Job Location: | Eastern Province, Saudi Arabia |
| Job Role: | Accounting and Auditing |
| Company Industry: | Manufacturing and Production; Retail/Wholesale; Construction/Civil Engineering |
Preferred Candidate
| Career Level: | Management |
| Gender: | Male |
| Nationality: | Saudi Arabia |
| Degree: | Bachelor's degree |
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