Director of Internal Audit

Job description / Role

Based in Saudi our client is a leading business group who provide services in Projects Development, Application Management and Acquisition. Our client is currently looking for a Director of Internal Audit for their Office in Bahrain

Duties & Responsibilities:
- Responsible for preparing and implementing a risk based audit plan to assess, report on, and make suggestions for improving the Groups key operational and finance activities and internal controls
- Identify, understand, and document processes and procedures surrounding internal controls. Continually monitor and update the assessment of the control environment, keeping abreast of significant control issues, trends and developments.
- Develop test plans and coordinate the performance of management testing of internal.
- Identify and assess the implementation of new controls as necessary.
- Prepare and update a comprehensive risk-based audit plan for evaluating the effectiveness of controls in place to manage significant risk exposures, insure the integrity and reliability of information and financial reporting safeguard Groups assets, and comply with laws and regulations.
- Identify and design anti-fraud criteria and controls
- Monitor and audit the Groups compliance with established internal controls
- Establish procedures and plan for conducting internal control audits
- Report findings to senior management
- Understand the requirements of the requirements of the laws and regulations and assist in maintaining processes and functions to help ensure
compliance with such requirements
- Coordinate activities with external auditors to support their audit and review procedures
- Review finance department business processes and suggest ways to improve such processes.

Requirements

- Bachelors degree in accounting or related finance field.
- A professional qualification such as Certified Public Accountant (CPA), Member of the Association of Certified Chartered Accountants (ACCA), Certified Internal Auditor (CIA),
- An MBA in addition to the above is an added bonus.
- A minimum of five years experience with a public accounting firm and additional five years of related internal audit experience with a heavy emphasis on financial and accounting applications and financial and operational controls.
- Experience in an internal audit function.
- Experience in healthcare highly preferred
- Knowledge of auditing practices, procedures and principles, sufficient to interpret and analyze complex concepts and apply these in innovative ways.
- Familiar with the concept and practice of self-auditing institutions, as in the COSO framework and control self-assessment approach for the review of reliable financial reporting, operational efficiency and compliance.
- Strong written and verbal communications skills with experience interacting and presenting to senior management level personnel.
- Excellent interpersonal skills

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions:

• Banking & Finance
• Human Resources
• Oil & Gas
• Construction
• Architecture & Engineering