Senior Internal 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.
- Actively contribute to the development of the Annual Audit Plan by identifying activities for audit coverage, evaluating their significance and assessing the degree of risk.
- Lead the execution of the approved Annual Audit plan (audit review or follow-up review):
a. Lead kick-off meetings with the audited units Management.
b. Brainstorm with the audit team members, review the audit assignment work program and present it to the Chief Audit Executive (CAE) for approval.
c. Lead the execution of 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. Work involves executing performance, operational and compliance audit assignments.
e. Identify and suggest new objectives during the fieldwork if applicable and update the work program accordingly after discussing the new objectives with the CAE.
f. Provide ongoing training and coaching to the audit team, being supervised during the audit assignment.
g. Perform the following: reviewing, testing, verification, inspection, observation, inquiry, interviewing, re-performance, and analysis of data in order to assess the audited areas operations.
h. Conduct periodic meetings with the audit team and the CAE to summarize the results of the audit activities.
i. Conduct periodic meetings with the audited units Management to brief them about the progress of the audit review.
j. Ensure that the assignments audit team maintains proper documentation of the audit review and make sure that the work done is timely and properly recorded in the TeamMate;
k. Analyze the observations with the audit team.
l. Discuss the observations with the audited units Management and agree on the actions to be taken to mitigate the identified risks.
m. Review and sometimes assist in drafting the audit report which includes the noted observations along with the recommendations to be submitted to the CAE for her review.
n. Submit the draft audit report to the audited units Management and seek its response on the prepared report
o. Review the final report before submittal to Senior Management.
p. Review observations or reports prepared by other audit team members in order to ensure that they are accurate, objective, clear, concise, and constructive.
- Lead the execution of 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 CAE as deemed necessary throughout the review.
- Handle special reviews that require meticulous review and include highly confidential data.
- Prepare/review the results of the special review and share it with the CAE for her review then subsequently finalize the special review with the concerned parties.
- Elevate concerns noted during the fieldwork or other daily activities to 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).
- Keep informed of emerging trends and successful practices in internal auditing.
- Represent the IA & RS in UDC formed committees where required;
- Participate in the process of preparing and developing IA & RS methodology.
- Participate in the periodic update of the IA & RS Manual and Charter.
- Actively contribute in the update of the Risk Matrix maintained by IA & RS on a yearly basis with the new risks identified during the year.
- Provide consulting services as instructed by CAE to the organizations Management;
- Undertake any other duties that may be required as determined by the Internal Audit Manager and CAE.

Requirements

- Bachelor degree in Accounting, business administration (or related discipline). Higher education is a plus.
- Professional certification such as CIA, CPA, ACCA, CISA or others.
- At least 5 years experience in Internal or External Auditing (preferable in a big 4 company) or any related field.
- In-depth knowledge of the principles and practices of internal auditing.
- Experienced in 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.