Manager, Internal Audit
Alsayer Holding
- Kuwait
- Permanent
- Full-time
Internal Audit Manager manages the activities of the audit staff, plan and execute audits in accordance with accepted standards, report audit findings, make recommendations for correcting unsatisfactory conditions and perform special reviews at the request of the management.Responsibilities:
Strategic:
1. Prepare annual plans and budgets to meet the Internal Audit function strategic objectives.
2. Monitor implementation of the annual plans and measure achievements of results against budgets and objectives and take corrective measures as appropriate.
3. Recommend annual strategy in areas of Internal Audit and Operational Audits.Operational:
1. Assist in the preparation of the overall internal audit strategic plan.
2. Ensure execution of the Al-Sayer Group Internal Audit plan as per statutory compliances and budget adherences and professional standards.
3. Review and discuss the audit plan, programs, and deliverables of the audit project.
4. Conduct risk assessment and identify risks and controls for business processes.
5. Survey functions and activities in assigned areas to determine nature of operations as well as adequacy of system and to adjust audit programs as needed.
6. Monitor the audit assignments to be conducted in compliance with acceptable standards, plans, budgets and schedules.
7. Prepare detailed quarterly audit plans of audit projects and allocate staff and hours required based on the overall annual audit plan.
8. Discuss preliminary audit observations with subordinates, superiors and make necessary changes as needed.
9. Review the operational management of the audited division on preliminary audit findings and their impact and the practicability of recommendations to counter deficiencies.
10. Review data analysis and evidentiary documents for relevancy and sufficiency.
11. Prepare/perform oral and written presentations to management during and at the end of examination, discuss deficiencies and recommend corrective action to improve operations and reduce costs.
12. Participate in the audit review meetings with senior management and concerned parties related to regular audits and prepare review reports and action plans.
13. Prepare formal written reports expressing opinions on the adequacy and effectiveness of the system and the efficiency with which activities are carried out.
14. Evaluate the adequacy of the corrective action taken to improve deficient conditions.People Management:
1. Identify, set and agree on KPIs and objectives.
2. Prepare performance planning (PP), conduct performance appraisal (PA) and PP/PA interviews including employee development plans and counsel employees on career progression opportunities and approve training requests.
3. Recommend employee promotions, salary adjustments, disciplinary actions and approve vacation and overtime.
4. Identify staffing needs, participate in interviewing panels and take hiring decisions.
5. Maintain and promote staff motivation by addressing employee grievances promptly and escalating when necessary and enforcing fair and equitable compliance with Group policies and procedures.
6. Ensure increasing levels of employee satisfaction and improve the efficiency of manpower.Minimum Requirements:
Educational Qualifications and Experience: Post Graduate Diploma/ Masters in Accountancy/Finance with 14 years of experience or Bachelor Degree in Commerce/ Accounting with 17 years of experience.
Linguistic Abilities: English is a must. Arabic is preferable.
Certification and Licensure: CPA /CIA/CMA/ACCA.