Internal Audit Manager

Job description / Role

Our client, one of the leading Automotive firms in the kingdom of Saudi Arabia are looking for an Internal Audit Manager to come on board.

Job Purpose: To lead and direct the Internal Audit function and activities in order to ensure controlled and compliant processes, workflows and reporting mechanism as per client's set guidelines and standards and international best practices.

Strategic Planning:
- Develop the Internal Audit departmental strategy in line with our strategy to ensure vertical alignment and horizontal integration with other interfacing departmental strategies across firm
- Ensure that departmental strategy and related strategic plans are developed and implemented, which are aligned with the vision and mission of firm

Budgeting:
- Recommend the Internal Audit department budget
- Monitor the 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 capitalized upon

Projects:
- Lead and guide project management teams in the planning, organizing, management and control of various projects in order to ensure that the project cycle is completed meeting agreed project parameters (Objectives, timelines, scope and quality), standards and objectives
- Communicate the results of audit and consulting projects via written reports and oral presentations to the management team and president

Risk Assessment:
- Lead and direct the identification of different risk areas within our company
- Recommend risk mitigation actions and follow up on their implementation

Internal Audits:
- Lead and direct the development of annual internal audit plan to ensure covering all areas and functions within our company
- Monitor the execution of the approved audit plan in an effort to ensure different activities take place within the set timeframe
- Direct internal audit team in scheduling and conducting audit interviews and documents’ reviews to ensure compliance and adherence to relevant policies and procedures

External Audits:
- Oversee the activities of external auditors to ensure execution of different actions in a timely manner
- Follow up on the recommendation of external auditors to ensure their implementation

Relationships Management:
- Build and manage relationships with internal and external stakeholders in an effort to ensure the smooth flow of different activities

People Management:
- Manage & evaluate employees’ performance with continuous feedback on their assigned targets and provide development opportunities to maximize the potential and engagement of employees
- Manage the talent pipeline in the Department through recruitment, effective utilization of employee development programs, mentoring programs, career planning and succession planning
- Manage departmental changes through continuous improvement of 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

Reporting:
- Ensure that all departmental reports of Internal Audit department are prepared timely and accurately and meet the company and department requirements, standards, policies and procedures
- Review financial and management reports to ensure compliance and adherence to standards, policies and procedures

Policies, Processes & Procedures:
- Ensure the existence, compliance and the implementation of department policies, procedures and controls covering all areas of Internal Audit department activity so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective services
- Ensure compliance to all relevant safety, quality and environmental management policies, procedures and controls across the department in order to guarantee employee safety, legislative compliance and a responsible environmental attitude

Requirements

- Bachelor’s degree in Accounting, Business Administration, or any other related field with preferably an
- MBA or equivalent post-graduate qualification from a recognized business school
- CMA, CIA, or CISA certificate is required
- 10 - 12 years relevant experience in Internal Audit including at least 6 years in positions of progressively increasing managerial responsibilities

About the Company

AXIZ Consulting is based in the Dubai International Finance Centre and offers a bespoke, highly consultative recruitment service to local and international organisations across the GCC in both professional services and primary industries. Its founding two members come from a blend of executive search and contingent recruitment and they have taken some of the best practices of executive search and applied this to contingent recruitment in order to produce a service which offers maximum value to clients.

In order for us to build a successful company, we identified a core aim: to offer our clients a service that surpasses that of our competition. In order to do this, we have put into place both internal and external processes that ensure clients receive a consistent and professional service which gets the right results, in the right way.