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Job description / Role

Employment: Full Time

About the Company:

YBA Kanoo is one of the largest, independent, family-owned group of companies in the Gulf region. The Kanoo Group has diversified business activities across the world's most dynamic industries from Shipping, Travel & Holidays, Machinery, Properties, Oil & Gas, Power & Projects to Logistics, Exhibition Services, Information Technology, Training and Retail.

We are looking for an Internal Auditor for our Shared Services Division in Yusuf Bin Ahmed Kanoo in Dammam, Saudi Arabia. This position reports directly to the Head of Audit – Shared Services

Job Responsibilities:

• Assist Senior Internal Auditors / Head of Audit in developing and executing annual audit plan.
• Monitor the progress of special / budgeted audit assignments to ensure that they are completed in a timely manner.
• Contribute to the Internal Audit (IA) function by identifying risks associated with business objectives.
• Identify control weaknesses and recommend risk aversion measures adding value to company’s business objectives.
• Assist Senior Auditors / Heads of Audit in identifying new and innovative ways to use PENTANA.

Planning:

• Identify and document objectives, risk, controls, tests for all budgeted audit assignments / processes on PENTANA.
• Participate in the opening meetings to explain the scope and objectives of the audit to the auditee and provide an overview of the areas proposed to be covered during the course of the audit.

Fieldwork:

• Develop a risk based test plan by selecting appropriate audit approach, test procedures and sampling criteria.
• Perform audit tests as per professional standards/internal audit methodology and record findings on PENTANA.
• Evaluate the adequacy of process design and the effectiveness of internal controls.
• Identify and document control and process weaknesses and provide evidential support to findings.
• Propose practical and value added recommendations to address internal control weaknesses and/or process inefficiencies.
• Participate in closing meetings with auditees at the end of the fieldwork, providing clear explanations for identified issues and system weaknesses.

Reporting:

• Timely submission of PENTANA generated audit report with logical recommendations for comments to management upon completion of the audit assignment.
• Assist in the preparation of a concise and informative audit report to effectively communicate the findings, recommendations and agreed action plans to the divisional / senior management.
• Conduct follow up of the agreed action plans thru PENTANA to ensure that they have been implemented as per the target implementation date committed by the auditee.

Requirements

• Bachelor’s degree from a recognized University.
• Certification in Audit, Accounting or a closely related field.
• Minimum 3 years of experience in internal/external audit and related fields with the knowledge of accounting and finance.
• Knowledge of risk based audits, policies and procedures.
• Good interpersonal skills with a proven ability to communicate effectively (both written and verbal) with all levels within the organization.
• Strong analytical capability.

About the Company

Established in 1890, Yusuf Bin Ahmed Kanoo (YBA Kanoo) started from a humble trading and shipping enterprise founded in Bahrain by Haji Yusuf Bin Ahmed Kanoo. From Bahrain, the business spread to Saudi Arabia in the 1930s.

In 1967, Hamed Kanoo came from Saudi Arabia to the UAE to expand the family business. Having successfully established Yusuf Bin Ahmed Kanoo (YBA Kanoo)'s operations in Khafji in the Kingdom, the company asked him to replicate the same in UAE too. With only 5 people including him, Hamed Kanoo managed to put-up The Kanoo Group as a trade name in the UAE Map. At present, The Kanoo Group operates in UAE and Oman. Mishal Hamed Kanoo serves as the Chairman, with over 1,200 employees working for its divisions.

The Kanoo family remained true to their early values. This adherence to ethics and beliefs made them an essential component of the regional business life.

One of the first industries that Kanoo excelled at was shipping. No one could have predicted that it would challenge the monopoly of long established British companies and goes on to become the largest regional shipping agency in the Middle East. Kanoo Shipping is one of the founders of S5 Agency World Ltd. and was the first Arab shipping agency in the region in 1911. At present, Kanoo Shipping operates in 20 countries and in all principal ports and offshore tanker loading terminals around the Arabian Peninsula, including Iraq. It handles 11,000 port calls every year which covers all ports in the Suez to India range.

The historic rise of Kanoo Travel has proven similarly impressive. The group's interest in travel started in 1937 when the company used to provide refueling facilities for Imperial Airline sea-planes en route to India and Australia. In 1947, Kanoo Travel became the first IATA agency in the Gulf and became the very first travel company in the Middle East to receive the ISO certification in 1997.

The Group's another success story began in mid-1960s. Kanoo Machinery used to supply construction and material handling equipment in the region. At that time, the UAE was just setting up its oil and gas industry and developing its infrastructure. By providing the government and private sectors with world-class equipment and services, Kanoo Machinery helped lay down the foundations of the vital sectors of UAE's economy.

Today for over 130 years, the company is amongst the most diversified and highly regarded business houses in the Gulf region and operates extensively throughout Saudi Arabia, Bahrain, United Arab Emirates, Oman, Yemen and Qatar. It has unremittingly grown its realm of businesses into various industries in shipping, travel, machinery, logistics, property, energy (oil & gas, power, water) industrial chemicals, training, joint ventures, retail, and commercial activities.

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Internal Auditor salaries in Saudi Arabia

Average monthly compensation
SAR 12,000

Breakdown available for industries, cities and years of experience