Auditor

Job description / Role

- Perform independent, objective assurance and consulting activities to add value and improve the organization's operations in addition to evaluating and improving the effectiveness of risk management, internal control, and governance processes by providing recommendations for improvement.

Requirements

- Participate in the process of preparing and developing IA & RS methodology.
- Participate in the periodic update of the IA &RS Manual and Charter.
- Participate in the update of the Risk Matrix maintained by IA & RS on a yearly basis with the new risks identified during the year.
- Participate in the preparation of the IA & RS Annual Audit Plan.
- Execute the approved Annual Audit Plan (audit review or follow-up review):
a. Prepare for and participate in the kick-off meeting.
b. Brainstorm with the audit team members, prepare and draft the audit assignment work program and present it to the Lead Auditor or Chief Audit Executive (CAE), in case the Internal Audit Associate is the Lead Auditor, for approval.
c. Execute the fieldwork in order to achieve the objectives identified in the audit assignment work program.
d. Audit the systems established to ensure compliance with UDCs policies and procedures, other governmental and international laws and regulations.
e. Identify and suggest new objectives during the fieldwork if applicable and update the work program accordingly after discussing the new objectives with the Lead Auditor or CAE, in case the Internal Audit Associate is the Lead Auditor.
f. Perform the following: reviewing, testing, verification, inspection, observation, inquiry, interviewing, re-performance, and analysis of data in order to assess the audited areas operations.
g. Conduct periodic meetings with the Lead Auditor or the CAE, in case the Internal Audit Associate is the Lead Auditor, to summarize the results of the audit activities.
h. Conduct periodic meetings with the audited units Management to brief them about the progress of the audit review.
i. Maintain proper documentation of the audit review and make sure that the work done is timely and properly recorded in the TeamMate.
j. Analyze the observations with the audit team.
k. Discuss the observations with the audited units Management and agree on the actions to be taken to mitigate the identified risks.
l. Draft the audit report which includes the noted observations along with the recommendations to be submitted to the Lead Auditor or CAE, in case the Internal Audit Associate is the Lead Auditor, for their review.
m. Submit the draft audit report to the audited units Management and seek its response on the prepared report.
n. Prepare the final report for submittal to Senior Management.
o. Prepare the audit reviews supporting documents.
p. Review observations or reports prepared by other audit team members in order to ensure that they are accurate, objective, clear, concise, and constructive.
- Assist in executing ad-hoc assignments as requested by Senior Management or required by IA & RS Management by following procedures similar to the ones followed in executing regular audit reviews. Adjustments to the procedures are consulted with the Lead Auditor or CAE, in case the Internal Audit Associate is the Lead Auditor, as deemed necessary throughout the review.
- Handle (or assist other audit team members in) the special reviews that are:
a. Of technical type (especially related to engineering or other contracts review).
b. Requiring investigation (such as suspected fraudulent activities).
c. Including highly confidential data.
d. Requiring meticulous review.
- Prepare the results of the special review and share it with the Lead Auditor or CAE, in case the Internal Audit Associate is the Lead Auditor, for their review then subsequently participate in the finalization of the special review with the concerned parties.
- Elevate concerns noted during the fieldwork or other daily activities to the Internal Audit Manger or the CAE and discuss and identify resolutions.
- Prepare summary of the result of planned or ad-hoc audit reviews for the IA & RS periodic presentation to the Audit Committee (in both Arabic and English).
- To undertake any other duties that may be required as determined by the Lead Auditor, Internal Audit Manager and CAE.
- Keep informed of emerging trends and successful practices in internal auditing.
- Represent the IA & RS in UDC formed committees where required, especially the committees of technical type.
- The Internal Audit Associate is accountable towards:
* IA & RS Management;
* Audited Units Management;
* UDC Executive Management;
* Audit Committee;
in providing accurate, reliable, relevant, objective, clear, concise and complete information on the results of the different reviews, as it might be the basis for their decision making in the related areas.
Bachelor degree in Accounting, business administration or a bachelor in engineering due to the requirements for technical knowledge.
Professional certification such as CIA, CPA, ACCA, CISA or others.
At least 3 years experience in Internal Auditing;
Applied technical experience based on the Educational Qualification
Good audit knowledge and skills from both conceptual and practical viewpoints
Good skills in collecting and analyzing data, evaluating information, drawing logical conclusions and documenting findings in the form of reports to Management.
Up to date with any new standards and developments in the profession of internal auditing.

About the Company

United Development Company (UDC) was established in July 1999 as one of the leading private sector shareholding companies in the State of Qatar and the Middle East, and has been listed on the Doha Securities Market since June 2003.

UDCs mission is to identify and invest in long-term projects contributing to Qatars growth and providing good shareholder value. The company has an authorized share capital of QR 1.072.5 billion (US $294 million), a market capitalization of US$ 902MM and total assets of US$ 1,131 MM.

From day one, the companys mandate and mission has been to become a cornerstone of the development of Qatar, creating lasting value and maximizing returns for partners and shareholders.