Operational and Financial Auditor - AlFuttaim Group Retail

Job description / Role

Operational and Financial Auditor - AlFuttaim Group Retail - Riyadh

Perform Operational and Financial Audit in accordance with the annual audit plan and evaluate the effectiveness and adequacy of compliance with policies/procedures/law and regulations, safe guarding of assets, economical and efficient use of resources, reliability and Integrity or Information, accomplishment of established objectives

KEY ACCOUNTABILITIES:

Internal Controls:
- Review the business process in order to identify the gaps and to ensure adequate controls are built in.

Group Policies and Procedures:
- Review the approval process to ensure that the Group Policies/procedures and delegation of authorities are complied.

Risk Assessment:
- Design risk assessment modules in order to establish volume/profit relationship and to identify potential high risk customers.

Safeguarding Company Assets:
- Carry out audit to ensure that the principal assets of the Group are safeguarded.

Drafting Audit Reports:
- Prepare draft audit reports for enhancing controls in risk areas and to highlight the shortcomings.

External Audit:
- Provide assistance to external auditors in order to facilitate successful accomplishment of their objectives.

Requirements

- MBA (Finance) or Member of a professional body of accountants (e.g. CPA, ACA, ACCA , CIA or ACMA) or be a partly qualified professional.
- 4 to 5 years post qualification experience in Audit

Job-Specific Skills:
- Analytical and conceptual skills , Ability in oral communication and report writing. Familiarity with computerized system (preferably SAP), including PC spreadsheets and database

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.