Internal Audit Executive

• Create and execute comprehensive internal operational audit plans for various departments, ensuring alignment with organizational goals, regulatory standards, and risk management strategies.
• Perform the full audit cycle, including risk assessments, scoping, planning, execution, reporting, and closing audits for all departmental processes. Ensure audits are completed in a timely manner and meet internal audit standards.
• Analyze processes, documents, reports, and invoices to identify risks, such as cash handling irregularities, embezzlement, and process deviations. Recommend and implement controls to manage and mitigate risks effectively across departments.
• Evaluate existing Standard Operating Procedures (SOPs) and current practices, identifying gaps and risks. Develop efficient and updated SOPs to address future risks and improve overall process effectiveness.
• Regularly audit financial transactions, including cash flow, gift vouchers, credit card payments, bank reconciliations, and P&L statements, ensuring accuracy, compliance, and adherence to company policies.
• Conduct regular audits of store locations, focusing on areas such as cash handling, security systems, inventory management, and employee attendance. Verify compliance with company policies and identify operational risks.
• Attend to investigations related to cash/stock discrepancies, fraud, malpractice, and process deviations. Provide reports and recommendations for corrective actions to management.
• Prepare and present detailed reports of audit findings, including identified gaps, risks, and recommended actions. Collaborate with respective department heads to ensure alignment and actionable improvements.
• Track and follow up on the implementation of audit recommendations, ensuring corrective actions are completed and effective. Monitor updates through findings databases.
• Assist in the preparation of policies, SOPs, and authority matrices. Ensure compliance with corporate governance practices, internal controls, and applicable legal regulations.
• Foster collaboration between internal teams, store managers, and auditors to facilitate seamless audit processes and ensure the implementation of good governance practices.
• Engage in ongoing knowledge development regarding industry risks, audit practices, and best practices. Recommend actions for process improvement, cost savings, and revenue leakage prevention.

Requirements:

Salary:
AED 6,000 to 12,000 per month inclusive of fixed allowances.