• To protect shareholder assets through the independent appraisal of the effectiveness of policies, procedures and standards through which the organization's financial, physical and information resources are managed.
• Provide reliable, valued assurance to the Board and executive management over the effectiveness of controls mitigating current and evolving high risks and in so doing enhancing the controls culture within the total company.
• To add value by acting as a facilitator in business risk management, supporting the Operating Business Units to develop robust control processes and following up the implementation of these processes. The Head of Internal Audit manages the day to day relationship between the internal audit division and the business leaders in the respective business units.
• To ensure the organization is competent to achieve its key strategic goals and operating budgets through the correct implementation and execution of the agreed processes and controls at the operational level.
Position Description:
Key Accountabilities
• To work with the Organization's Management to check systems are in place ensuring that all major risks to the company are identified and exposure analyzed, on an annual basis.
• To plan, organize and carry out the internal audit function including the preparation of the audit plan, scheduling work according to the agreed risk minimization strategy.
• Develop an audit scoring system in line with current International Risk Assessment benchmarks.
• To complete actionable audit reports on a timely basis for the CEO and BOD Audit Committee regarding compliance to the policies, programs and activities of the Organization.
• To make recommendations to improve the systems and procedures being reviewed.
• To engage with Operational Management regarding audit findings and recommendations and monitor their response and implementation.
• To review and report on the accuracy, timeliness and relevance of the financial and other information that is provided for management
• To coordinate coverage with the external auditors and ensure that each party is aware of the other's work and also well briefed on areas of concern.
• To conduct any reviews or tasks requested by the CEO or BOD Audit Committee, provided such reviews and tasks do not compromise the independence or objectivity of the internal audit function
Person Specification
• A recognized professional qualification:
o CIMA (Chartered Institute of Management Accountants)
o ACA (Association of Chartered Accountants)
o ACCA (Certified Chartered Accountant)
o CIPFA (Public Finance Accountant)
o IIA (Institute of Internal Auditors) - CIA
o Certified Public Accountant (CPA)
• Thorough knowledge of the principles, procedures and practices of accounting, financial records and transactions.
• Knowledge of audit procedures, including planning, techniques, test and sampling methods involved in conducting audits.
• An ability to gather, analyze and evaluate facts and to prepare and present concise reports.
• An ability to maintain current knowledge of developments related to business matters of interest to internal audit, particularly legislation changes and developments as they affect charities, and new auditing techniques and practices.
• An ability to work unsupervised whilst at the same time maintaining working relationships with colleagues.
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• Support management in developing innovative action plans to address control issues identified.
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• Fluent in Arabic & with good English language capabilities
Job Details
| Date Posted: | 2013-09-05 |
| Job Location: | Al Kuwait, Kuwait |
| Job Role: | Management |
| Company Industry: | Retail/Wholesale |
Preferred Candidate
| Career Level: | Management |
| Nationality: | United Arab Emirates; Bahrain; Djibouti; Algeria; Egypt; Iraq; Jordan; Comoros; Kuwait; Lebanon; Libya; Morocco; Mauritania; Oman; Palestine; Qatar; Saudi Arabia; Sudan; Somalia; Syria; Tunisia; Yemen |
| Degree: | Bachelor's degree / higher diploma |
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