Internal Audit Director

One of our esteemed clients in the ship building industry is currently seeking an Internal Audit Director to be based in Dammam Kingdom of Saudi Arabia.

Overview:

Oversee internal audit activities at the organization and review of financial statements along with relevant documentation and reports amongst others whilst ensuring effective internal controls and processes.

Strategic Responsibilities:

• Align division goals processes and resource allocation with the organizational strategy while maintaining awareness of commercial and business objectives
• Ensure the accomplishment of organizational unit objectives by managing staff; planning and evaluating organizational unit activities.
• Define objectives identifies and evaluates trends and options chooses a course of action and evaluates outcomes.
• Accomplish financial objectives by forecasting requirements preparing an annual budget scheduling expenditures analyzing variances and initiating corrective actions.
• Maintain quality service by enforcing quality and customer service standards analyzing and resolving quality and customer service problems and recommending system improvements.
• Support with strategic problems resolution and subjective decision making.

Managerial Responsibilities:

• Supervise the entire work done by the team members and making sure it is completed on time without any delay.
• Lead the team to complete tasks and meet goals through delegation of responsibilities and supervising business operations.
• Set the vision and motivation of the team in order to achieve the sought objectives efficiently.
• Set appropriate and achievable deadlines.
• Track and report critical organizational unit performance results and escalate and negotiate business related issues to senior management.
• Accomplish staff results by communicating job expectations planning monitoring and appraising job results.

Functional Responsibilities:

• Oversee the development of annual riskbased Internal Audit Plan that encompasses internal control management and risk management requirements covering the organization.
• Oversee the process of objective and independent checks and reviews of the organization operations and functions to provide accurate feedback related to the efficiency and effectiveness of internal controls policies and risk management.
• Review the audit financial statements to ensure integrity and credibility of financial reporting as well as ensuring compliance with International Financial Reporting Standards (IFRS) in addition to identifying financerelated risks and ensuring effective mitigation against them.
• Review audit documentation work papers and audit reports highlighting highrisk findings and providing corrective action plans to ensure the effective reporting and communication of audit results.
• Oversee the risk management evaluation and audit activities including the organizations risk management framework to ensure proper detection and control of risks.
• Manage internal controls and provide independent and objective advice and guidance to the different managerial levels to ensure the validity of these internal controls and improve the organizations practices in that regard.
• Liaison with external auditors to facilitate standard auditing activities as well as special assignments including the audit of digital and information systems and infrastructure.

Qualifications:

• Bachelors Degree/Masters Degree in Management Finance Accounting Economics or any similar field.
• 12 years in a related field including 6 years in a leadership role.
• Saudi Nationals will be given first preference.

Remote Work :

No