Internal Audit Supervisor

Al Dammam Development

Dammam, Saudi Arabia

Posted on: 18 Mar 2024

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JOB DESCRIPTION / ROLE

Employment: Full Time

Job Summary:
We are seeking an experienced and detail-oriented Internal Auditor Supervisor to join our team. The Internal Auditor Supervisor will be responsible for overseeing the internal audit function within the organization, ensuring compliance with regulations, identifying risks, and providing recommendations for process improvements. The ideal candidate will possess strong analytical skills, excellent communication abilities, and a thorough understanding of internal audit processes.

Key Responsibilities:

Supervision and Team Management:
• Lead and supervise audit teams, including assigning responsibilities, providing guidance, and conducting performance evaluations.
• Mentor and train audit staff on audit methodologies, techniques, and best practices.
• Ensure audit teams adhere to professional standards, ethical guidelines, and departmental policies.

Risk Assessment and Mitigation:
• Identify and assess key business risks and control weaknesses through risk analysis and discussions with management.
• Develop strategies to mitigate risks and strengthen internal controls.
• Monitor and follow up on audit findings and recommendations to ensure timely resolution and corrective actions.

Reporting and Communication:
• Prepare clear and concise audit reports summarizing findings, conclusions, and recommendations for audit committees.
• Present audit results and recommendations to audit committees, highlighting areas for improvement and risk mitigation strategies.
• Communicate effectively with stakeholders to foster collaboration and address audit-related concerns or inquiries.

REQUIREMENTS

Qualifications and Skills:
• Bachelor’s degree in Accounting, Finance, Business Administration, or related field. A Master’s degree or professional certification e.g., CIA is Must, (CPA, CISA) is preferred.
• Proven experience (typically 5+ years) in internal auditing, risk management, or related roles, with at least 2 years in a supervisory capacity.
• Strong understanding of internal control frameworks, audit methodologies, and risk assessment techniques.
• Excellent analytical skills with attention to detail and the ability to interpret complex data and information.
• Effective leadership, communication, and interpersonal skills to collaborate with diverse teams and stakeholders.

ABOUT THE COMPANY

The Company is owned by a group of Saudi investors who started the company’s business with a vision of expanding the real estate investment. It was established with an objective of developing and managing real estate investments locally and in the GCC countries. Moreover, the company is providing advisory services related to property management. The company was formed after taking into consideration the vast development and growth of industrial projects in the Gulf Region and the high demand of real estate development due to the increase in population.

Recently, the company management has perceived the importance of shifting the company into a different era of business opportunities by focusing on investments at various business activities that will make the company expand internationally. The company persists with the continued provision of quality services and social benefits while maintaining its prime objective of generating high returns to investors. Management believes that the company has achieved most of its objectives through the current diversified portfolio it has and the potential investment opportunities that are under consideration.

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