HomeCandidateEmployerCurrent JobsNewsAbout UsContact Us

Preferred Candidate

Years of Experience:
8 - 10 yrs
Age Group:
28 - 48 yrs
IT Knowledge:
Operating System-Windows
English: Fluent
Arabic: Fluent

Ref.No: 3733 Date of Posting: 08-Jan-2014
Director Internal Audit Bookmark and Share
Confidential Company
Job Description
A leading Foodstuff Company is looking for Director Internal Audit as per the following details:

Job location: Jeddah, Saudi Arabia
Function: Corporate
Department: Internal Audit
Reports to: Board Audit Committee (functionally); CEO (administratively)

Purpose of the job:

- To manage the Internal Audit function at the Company by directing independent, efficient, continuous, risk based audits / reviews / investigations across the Company to provide a reasonable assurance to the Board of Directors that the control environment is adequate enough to achieve the business objectives of the organization.

Strategic Accountabilities:

- Develop a 3 year strategic audit plan and have it approved by the Board Audit Committee using a risk-based approach.

- Establish audit standards and practices through the maintenance, review and update of the Policies and Procedures Manual for the Internal Audit Department by reference to the International Standards for the Professional Practice of Internal Auditing.

Managerial Accountabilities:

- Plan and acquire adequate resources for carrying out the yearly audit plan.

- Manage the audit team and regularly evaluate the performance of the audit staff, provide feedback on an ongoing basis, identify staff development needs and coach them to ensure ongoing development of their skills and capabilities.

- Identify training needs and organize trainings for the department on various aspects on which the role holder has responsibilities.

- Set the key performance indicators for the internal audit department and obtain BAC approval.

Core Accountabilities:

- Review and update of the Policies and Procedures Manual of the Internal Audit Department on a periodic basis, make required amendments and obtain approval from the BAC.

- Supervise all the activities of the Internal Audit Department and the performance of various audit and attestation functions as per the annual audit plan and BAC mandate including special assignments approved by the BAC.

- Prepare the annual audit plan and obtain the BAC approval.

- Make recommendations for modifications to be made to the Annual Audit Plan during the year if circumstances necessitate and obtain BAC approval.

- Prepare the budget for the internal audit department, obtain the BAC approval and ensure compliance.

- Report progress of the audit plan and the implementation of corrective actions to the BAC.

- Discuss audit findings with the Auditees to obtain management comments and responses on all findings.

- Report audit findings, recommendations and management responses to the Executive management to follow up on the action plans.

- Report audit findings, recommendations and management responses to the BAC.

- Make recommendations for enhancing the internal control environment after necessary discussion with the respective department, ensuring that they are appropriate and agreeable.

- Provide other advice to management in an advisory or consulting capacity when requested by the Executive management or the BAC.

- Coordinate audit efforts with the External Auditors.

Degree Specifications
Graduate - BA in Accounting
Professional Certification - CPA - Certified Public Accountant
Professional Certification - CIA - Certified Internal Auditor
Professional Certification - ACA - Associate Chartered Accountant
Copyright © 2014 Number1Job.net All Rights Reserved. Terms & Conditions | Privacy Policy | FAQ