Internal Auditor

Job Responsibilities

·      Conducting audits of the company's financial statements, transactions, and accounting records to ensure accuracy, compliance with accounting standards, and adherence to company policies and procedures.

·      Evaluating the efficiency and effectiveness of the company's operational processes, including sales, procurement, and inventory management, and recommending improvements to enhance productivity and reduce costs.

·      Identifying and assessing risks specific to the company's operations, industry, and business environment, and developing strategies to mitigate these risks and strengthen internal controls.

·      Ensuring compliance with applicable laws, regulations, and industry standards relevant to the company's operations, and staying abreast of changes in regulatory requirements that may impact the business.

·      Assessing the adequacy and effectiveness of the company's internal controls to safeguard assets, prevent fraud, and maintain the integrity of financial reporting, and making recommendations for enhancements as needed.

·      Collaborating with management and stakeholders to identify opportunities for process improvements, cost savings, and revenue generation, and assisting in the implementation of recommended changes.

·      Proactively identifying indicators of potential fraud or misconduct within the company and conducting investigations as necessary, working closely with the appropriate departments and legal counsel.

·      Preparing clear and concise audit reports summarizing findings, recommendations, and action plans, and presenting these reports to management, the audit committee, and other relevant stakeholders.

·      Monitoring the implementation of audit recommendations and tracking progress over time to ensure that issues are addressed effectively, and improvements are sustained.

Requirements

Ø A bachelor's degree in accounting, finance, business administration, or a related field.

Ø Preferred professional certifications such as CPA, CIA, CISA, or Certified Fraud Examiner (CFE)

Ø 10+ years’ experience in the same role or similar role.

Ø Previous experience in internal auditing, external auditing, or relevant roles within the industry is preferred. Experience with the specific processes, systems, and regulatory requirements of the company's business operations is highly valuable.

Ø Strong analytical skills are essential for analyzing financial data, identifying trends and anomalies, and evaluating the effectiveness of internal controls and business processes.

Ø Excellent written and verbal communication skills are necessary for effectively communicating audit findings, recommendations, and action plans to management and stakeholders at all levels of the organization.

Ø The ability to think critically, identify root causes of issues, and develop practical solutions is crucial for success in internal auditing roles.

Ø Attention to detail is essential for conducting thorough audits, identifying discrepancies or irregularities, and ensuring accuracy in financial reporting and compliance.

Ø Internal auditors must adhere to high ethical standards, maintain independence, and handle confidential information with discretion and integrity.

Ø Proficiency in relevant auditing software and data analysis tools.

Ø A solid understanding of the company's industry, business model, and competitive landscape is beneficial for assessing risks and providing relevant recommendations for improvement.