Internal Audit Manager - Retail | Saudi Arabia

Riyadh, Saudi Arabia

Leverage your abilities and join the dynamic team of a leading Saudi retail company. 

Our client is a well-known Saudi company owned by a successful Holding company. They're known for their high-quality products and have many branches around the world.  

Work Location: Riyadh, Saudi Arabia. 

The Internal Audit Manager will be responsible for implementing the governance system by reviewing and auditing activities related to the company's operations, participating in formulating general policies, and developing strategies. This role oversees specialized responsibilities, including auditing administrative, operational, and accounting procedures, and providing independent, objective reports and recommendations to increase the efficiency and effectiveness of these procedures.

Key Accountabilities

  • Assist the Board of Directors in preparing the risk-based strategic audit plan and manage a wide range of audit tasks and analyses to assess whether the company's risks are minimized and internal policies and procedures are followed.
  • Plan and supervise the implementation of internal audit operations according to accepted professional standards, and develop audit plans and programs, expanding procedures across company departments to align with company strategies and achieve its mission and goals.
  • Conduct special tasks on certain financial and operational activities to identify ineffective controls and recommend improvements to internal control systems.
  • Determine the audit process requirements in terms of qualified personnel, distribute work accordingly, and review contracts and agreements to ensure compliance.
  • Review quarterly and annual financial reports, analyze financial statement items, and provide technical opinions on the quality of these reports.
  • Review preliminary internal audit reports with audit memos and draft recommendations, preparing final reports.
  • Foster team spirit within the internal audit department and other company departments, create a conducive environment for auditors to perform their duties, and develop evaluation standards for internal auditors.
  • Enhance the performance and services of the internal audit department.
  • Conduct field visits to sister and subsidiary companies to review their financial data and tax status.
  • Perform other assigned tasks.

Knowledge, Skills, and Experience

We Are Looking For:

  • Bachelor’s degree in Accounting or an equivalent suitable discipline.
  • Master’s or doctorate degree in Accounting or an equivalent suitable discipline is preferred.
  • At least 10 years of relevant work experience, including years in a senior auditing role.
  • Certified Internal Auditor (CIA) and Certified Public Accountant (CPA).
  • Proven experience in motivating and leading a team.
  • Experience in corporate governance.
  • Previous experience with IPO-listed companies in Saudi Arabia.
  • Knowledge of cost principles related to company operations and activities, and understanding financial analyses and reports related to different financial transactions.
  • Knowledge of international and local standards applied to internal audit operations of the company's activities.
  • Ability to apply appropriate methodologies and tools for managing the business data collection and analysis process to present facts and data related to a subject or problem and derive conclusions and suggestions for decision-making.
  • Ability to turn new concepts into commercial success and transform new and imaginative ideas into reality.

Internal Audit Manager - Retail | Saudi Arabia

Job description

Internal Audit Manager - Retail | Saudi Arabia

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