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Associate Manager, Internal Audit

Date: 26-Jul-2019

Location: Dubai, AE

Company: Majid Al Futtaim

 

Role Purpose:

Review and evaluate the organization's internal controls, processes, policies and mechanisms to ensure that they are adequate, effective and in compliance with Group/Company Policies and Procedures. The auditor is expected to assist Internal Audit in achievement of department objectives through planned internal audit reviews and ad hoc assignments in accordance with the Audit Charter.

 

Role Details – Key Responsibilities and Accountabilities:

   Operational

  1. Assist Audit Management in performing the risk assessment of the assigned project portfolio and in developing the annual audit plan.
  2. Performing financial, operational and compliance audits for projects assigned.
  3. Develop and enhance sector based knowledge.
  4. Managing the resources within the project and ensuring timely completion of assigned audit projects.
  5. Assist in preparing the risk/control framework for the entity under review.
  6. Responsible for supervising audit projects.
  7. Review and preparation of system notes for businesses under review using either narratives or flow charts.
  8. Development of Internal controls questionnaires, audit programs and detailed audit work papers incorporating test schedules, observations, audit conclusions and ensuring audit objectives are satisfactorily met.
  9. Evaluate the adequacy and effectiveness of internal controls including the risk management process.
  10. Ensure that all audit work papers prepared are consistent with the Departmental standards, contain sufficient supporting information / documentation and have been properly referenced.
  11. Based on evidence gathered and testing performed ensure that all audit steps have been addressed appropriately and concluded bearing in mind that the internal controls being tested are suitable, efficient and effective and the audit objective has been met.
  12. Ensure any weakness/concerns are discussed with the client and all audit exceptions are raised, related risks highlighted and recommend corrective action/improvements which are feasible and value-adding.
  13. Determine whether transactions under review are in accordance with the International Accounting Standards(IAS).
  14. Conduct reviews of all team members’ work papers including incharge where applicable.
  15. Ensure projects are completed in agreed budgets and project milestones are met.
  16. Lead/Attend Entrance, Exit and close-out meetings with client.
  17. Ensure timely issuance of Draft and Final reports to the IA Management.
  18. Completion of the relevant Teammate file (EWP) in compliance with established departmental quality standards.
  19. Completion of project-specific performance appraisals for audit staffs.
  20. Perform / supervise ad-hoc assignments as required by the Senior Audit Management.
  21. Provide on job training to team and assist Managers in identifying individual training needs where required.

 

  Administration

  1. Ensure compliance with group Policies and Procedures.
  2. Ensure compliance with the Internal Audit Departmental standards and policies and procedures.
  3. Develop and maintain strong rapport with key operating and corporate associates.
  4. Timely completion of the sheet.

 

Functional/Technical Competencies:

  • Proficiency in application of audit management software (ACL, Excel, Teammate etc.).
  • Understanding a range of Computerized Information Systems used in operating divisions.
  • Understanding of both Internal Audit and Accounting Standards.
  • Ability to appreciate the required operating standards of a range of the Group’s business operations.

 

Personal Characteristics and Required Background:

  Minimum Experience

  • Minimum 7 years of relevant audit experience; out of which 

- at least 3-4 years wrked in Internal Audit Department of real estate, construction, hospitality & malls industries; and

- at least 3-4 years with big 4 audit firm (pre-qualificatin or post qualification experience)

- Overall minimum 2-3 years pst qualification experience

 

  Minimum Experience

  • Should possess professional qualification ACA/ ACCA/ CPA and should possess or studying towards profession certification CIA or CISA;

 

 Other Qualifications Required

  • Maintain independence (in substance and form) from operational decisions.
  • Work in overseas locations, ability to understand and work across different cultures and regulatory environments. 
  • Maintaining good relationships with the Client Management.
  • Ability to supervise audit staff on simultaneous assignments.
  • Very good communication and presentation skills.
  • Highly analytical and assertive personality.
  • Ability to work independently and within a team environment.