Senior Internal Auditor

Job description / Role

Position: Senior Internal Auditor
Company: Nakilat
Location: Ras Laffan / Doha, Qatar

Job Summary and Purpose

Assess, review and evaluate the effectiveness and adequacy of the overall internal control system within NAKILAT and its joint ventures. Support a comprehensive program of internal audit for NAKILAT and its joint ventures to ensure effectiveness and efficiency of company’s operations as approved by the Audit Committee and in line with the IIA Standards.

Accountabilities
Key Accountabilities:

Practices of Internal Auditing:
• Distinguish the professional environment & standards; global awareness & understanding; evaluation of internal controls, tools, documentation, assess risks, sampling, types of evidence, techniques of collecting evidence, prepare test plans & conduct tests.
• Support the development of the annual audit plan and assist in identifying priorities and resource requirements for the year.

Audit Coverage & Program:
• Identify key business process, develop audit objectives and prepare the risk assessment process for each audit assignment.
• Prepare the budget for each audit assignment and present it to the Chief Internal Auditor for review and approval.
• Plan and arrange the audit planning meeting/s, and agree with the Chief Internal Auditor the audit approach setting the expectations for the audit assignment as per the Internal Audit Plan.
• Plan and attend the opening planning meetings with the Head of the Department/ Section /Function under review and obtain his / her commitment to the audit assignment.
• Prepare the testing strategy indicating the degree of testing required to achieve the objectives of audit assignment and the related nature and extent of testing (substantive testing vs detailed analytical review).
• Design and schedule Audit programs including the sampling techniques to be used to ensure adequate audit coverage of the identified audit risks.
• Agree on the final risk assessment with the Chief Internal Auditor and the Head of the Department / Section / Function under review.
• Revisit the internal audit plan for the audit assignment to ensure proper resources are allocated, original risk assessment and testing strategy are properly developed based on the information provided during the planning phase.
• Ensure that appropriate documentation via TeamMate is complete and filed in order to understand the business of the Department / Section / JV under review and its business processes.

Corporate Governance and Compliance:
• Prepare the draft internal audit report and ensure that observations raised and documented in the working paper file are properly excluded or included in the report.
• Prepare and review the final and detailed reports and working papers for the Chief Internal Auditor with recommendations for improvement of the internal controls.
• Discuss the audit findings, conclusions, and recommendations with the Division’s Chiefs/Department’s Managers.
• Prepare the Audit Committee Summary report.
• Maintain Internal Audit’s Page on the share point by setting up audit notifications, newsletters communicated to NAKILAT’s Staff and updates on the Internal Audit Activity.

Updates and Research:
• Undertake regular research, update on new audit techniques, and ensure that findings are assessed and presented at round table meetings for awareness, and potential implementation.
• Review of new professional standards within the Accounting and Audit fields.

External Auditors:
• Apprise the external auditors about the key findings of internal Audit in order to support the external audit with complementary advice and in the process evaluate the performance of external audit.
• Ensure compliance to all relevant SHEQ policies, procedures and controls across the section, to ensure that NAKILAT provides a safe, world class, secure and environmentally responsible service to customers, the public and its own people.

Systems and Processes:
• Participate in developing the Internal Audit division policies, procedures and system, and ensure their proper implementation to support achieving the different set targets and plans, hence NAKILAT strategy.

Others:
• Carry out any other duties as directed by the Chief Internal Auditor.

Key Result Areas
• Liaise with IA team and management of NAKILAT in relation to internal audit assignments
• Perform follow up audit procedures on previous recommendations and action plans and report the results
• Contribute in preparation of IA staffing plans and budgets
• Ensure that internal audit working papers are organized, adequately documented and audit evidence is sufficient
• Develop internal audit objectives, scope and programs in relation to internal audit assignments

Interactions and Working Relations

Internal:
• NAKILAT and JV’s Management - Discuss, agree on potential areas of risk and audit plans
• All Division/Departments and employee - Course of internal audit operations. Also, to obtain subject matter expert opinions on audited areas and feasibility of recommended actions when needed

External:
• External Auditors - Obtain and share information regarding financial risks and compliance with reporting standards

Qualifications, Experience and Job Skills

Qualifications:
• Bachelor’s degree in Accounting, Finance, Business Administration or any related field
• A certification in a relevant discipline from an accredited institution is a must (e.g. CPA and/or CIA)

Experience:
• 6-8 years of experience in a similar position, preferably in a similar industry

Job Specific Skills:
• Knowledge of auditing concepts and principles
• Knowledge of project management and operational controls and audit techniques
• Knowledge of current technological developments / trends in auditing and accounting
• Knowledge of Microsoft Office and Data Analytics tools.

About the Company

Established in 2004, Nakilat is a shipping and maritime company based in the State of Qatar. With one of the world's largest Liquefied Natural Gas (LNG) shipping fleet comprising of 69 LNG carriers, the company provides the essential transportation link in Qatar's LNG supply chain. Through its wholly-owned subsidiary Nakilat Shipping Qatar Limited (NSQL), the company manages and operates one floating storage regasification unit (FSRU), four very large LPG carriers (VLGCs) and 24 LNG carriers.

In addition to its core shipping activities, Nakilat operates the Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City, providing comprehensive ship repair and offshore fabrication services via strategic joint ventures: Qatar Shipyard Technology Solutions and Qatar Fabrication Company (QFAB). It also provides shipping agency services through Nakilat Agency Company (NAC) at all Qatari Ports and terminals, as well as towage and other marine support services through its joint venture Nakilat SvitzerWijsmuller (NSW). The company's Vessel Support Unit (VSU) offers chandlery, storage, logistics services for vessels operating in Qatari waters.