Internal Control Officer

Job description / Role

Company:

Our client is a leading company established in 1996 to manage Real Estate Projects and Contracting by its ultimate beneficiary. Currently they are looking to hire an Internal Control Officer for their Bahrain Branch.

Duties & Responsibilities:

• Oversee the evaluation and design of internal controls and make recommendations for improvement.
• Conduct and document business/project/financial/accounting/ process flows, with a focus on internal controls and compliance.
• Support the execution of management’s risk assessment and scoping activities to ensure proper risk identification, process mapping and controls linkage for a sustainable internal control framework.
• Lead the development and implementation of goals, policies, priorities and procedures relating to internal controls over financial reporting
• Prepare and present updates to management, including management control remediation plans.
• Partner and liaise with external auditors to plan and implement an assessment of the control environment, coordination of timing and execution of process walkthroughs, and a process for timely sharing of potential issues for resolution with respect to internal controls.
• Develop processes and policies for reporting findings.
• Collaborate with the first line in development of action plans to assess the adequacy of action taken by management to correct reporting deficient conditions, accepting adequate corrective action and continuing reviews with appropriate management on action considered inadequate until satisfactory resolution.
• Collaborate with the second line the in development and implementation of a system to capture and track control deficiencies, as well as internal and external audit findings to resolution.
• Engage the second line in testing the design and operating effectiveness of internal control over financial reporting.

Requirements

Qualifications & Experience:

• Bachelor’s degree in Accounting or relevant field, or equivalent work experience.
• 10 years of progressive experience in internal controls, audit or risk management within the financial services industry.
• Experience managing complex internal audits and/or operational risk assessments.
• Ability to document and verbally communicate financial reporting processes in a clear and concise manner, including assessment of design and operating effectiveness of controls.
• Communication skills to educate/raise awareness of foundational elements/methodologies needed to support an internal control framework.
• CPA
• Management experience
• Communication skills to effectively persuade others and leads in facilitation of conversation in situations of conflict.
• The candidate should have a demonstrated track record in creating accurate, sustainable, and controlled processes that minimize the opportunity for human error.
• The candidate must have strong analytical skills and be able to perform accurately and well under pressure.

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