Share this Job

Senior Auditor

Date: 13-Nov-2018

Location: Dubai, AE

Company: Majid Al Futtaim

Majid Al Futtaim invites you to join us in our quest to create great moments for everyone, everyday! We are the leading shopping mall, residential communities, retail and leisure pioneer across the Middle East, Africa and Asia, serving over 560 million visitors a year. For the past two decades, we have shaped the consumer landscape across the region, transforming the way people shop, live and play, while maintaining a strong sustainability track record and the largest mall in the world to attain LEED Gold EBOM Certification. We have over 40,000 team members in 15 international markets representing over 100 nationalities – all keeping the customer at the heart of everything we do. If you enjoy being BOLD, PASSIONATE and TOGETHER, then Majid Al Futtaim is the destination for you.

Job Purpose:

Review and evaluate the organization's internal controls, processes, policies and mechanisms to ensure that they are adequate, effective and in compliance with 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.

 

Job Details – Key Responsibilities and Accountabilities:

Operational

  • Perform financial, operational, compliance audits and ad hoc assignments.
  • Develop and enhance sector based knowledge.
  • Preparation of system notes for process under review using narratives and/or flow charts and assist in identification of key risks and controls in place to mitigate such risk.
  • Assist in the development of risk-based audit programs.
  • Assist in the development of detailed audit work papers incorporating test schedules to ensure that the audit objectives are met.
  • Define the data analytics for each audit projects and timely communicate the same to the audit manager and the Data Analyst
  • Completion of audit steps/tests assigned to self within agreed time budgets. Keeping the in-charge / Manager informed of progress for any project time extension.
  • Ensure that all work papers are prepared and adequate, clear and relevant evidence obtained to sufficiently support the audit conclusion. All work papers should have been properly referenced.
  • Gather data for internal audit through a variety of methods including interviews, financial research, downloads, analysis, etc.
  • Based on evidence gathered and testing performed conclude clearly on each step assigned bearing in mind that the internal controls being tested are suitable, efficient and effective and the audit objective has been met.
  • Responsible for discussing and validating any audit exceptions /weakness/concerns highlighted during reviews with client during the fieldwork. Ensure the same is documented in the teammate exceptions. Quantify where possible the value of impact and incorporate them in the exception. 
  • Prepare the List of Observations (including Appendix) and accompany Manager to Exit meetings to discuss list of Observations.
  • Assess, where applicable, compliance with the International Accounting Standards (IAS), Regulatory requirements, Company Policies & Procedures and DoA etc.
  • Contribute to the identification of key risks and controls during each audit project and evaluate and report on the adequacy and effectiveness of the entity internal controls.
  • Attend entrance meeting with the Audit Manager and ensure that client is aware of the complete audit process.
  • Determine scope of review and audit objectives in conjunction with the Project In-Charge.
  • Identify new/emerging risks if any and appraise Project In-Charge and determine whether the same warrants any additional work.

Administration

  • Ensure compliance with the Internal Audit Departmental standards and Policies and Procedures.
  • Ensure compliance with Company Policies and Procedures.
  • Develop and maintain strong rapport with key operating and corporate associates.
  • Timely completion of timesheets.

 

 

 

Other Context (if applicable):

Business entities:

  • Majid Al Futtaim Ventures
  • Majid Al Futtaim Fashion
  • Majid Al Futtaim Leisure & Entertainment
  • Majid Al Futtaim Finance
  • Majid Al Futtaim Cinemas
  • Majid Al Futtaim Enova
  • Majid Al Futtaim Health Care
  • Joint Ventures (as applicable)
  • Majid Al Futtaim Trust
  • Majid Al Futtaim Holding

 

Personal Characteristics and Required Background:

Skillset (job specific technical skills and behavioral competencies needed)

 

  • Thorough understanding of both Internal Audit and Accounting Standards.
  • Ability to appreciate the required operating standards of a range of the Group’s business operations. Understanding a range of Computerized Information Systems used in operating divisions.
  • Maintain independence (in substance and form) from operational decisions.
  • Work in overseas locations, ability to understand and work across different cultures and regulatory environments. 
  • Strong analytical skills
  • Good written/verbal communication skills

 

Minimum experience

  • 4 years of audit experience

 

Minimum Qualifications/education

  • Bachelor’s degree in accounting or related field
  • Should possess a professional certificate or should be studying towards qualification CA, CPA, AC-CA, CIA, or CFE