Assistant Manager – Internal Audit

Full Time

Al Futtaim Private Company LLC

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

Job Role:
Perform Operational and Financial Audit in accordance with the annual audit plan to evaluate:
Economical and efficient use of resources
Reliability and Integrity of Information
Accomplishment of established business objectives
The existence, adequacy and effectiveness of internal controls
Compliance with company policies and operating procedures
Controls on safeguarding of assets

Job Responsibility:
risks, control and tests to be performed.
Operational and Financial Audit
Assist the Audit Manager in the development of annual audit plan by assessing the degree of risk.
Assist in the development of audit program for each audit assignment before commencement of the audit. This should be documented as template in (AMS) with
Conduct internal audit assignment for evaluation of adequacy and effectiveness of the system of internal control and quality of performance in carrying out assigned responsibilities in all business processes/segments.
Review the approval process to ensure that Group policies/ procedures and delegations of authorities are complied.
Ensure that assets of the group are safe guarded

Audit Reports and Records:
Audit Manager should be timely updated with key findings.
Discuss preliminary audit findings with the concerned staff/ management in order to highlight the observations to management and to get their concurrences.
Assist in preparation of executive summary for each engagement along with the detailed report and audit follow up form.
Assist in the preparation of monthly summary report to be presented to Vice Chairman after it has been reviewed by line manager/Group Director – Internal Audit.
Documentation of audit work in Audit Management system which can fully support the audit findings.
Prepare professional audit reports which should clearly communicate findings, analysis, appraisals, recommendations and information concerning the activities audited.
Job holder needs to assist in the follow up on the implementation of audit recommendations

Computer Assisted Audit:
Achieve high professional standards of audit performance, reports and recommendations in conformity with International Standards of Internal Audit and within the Group’s policy, procedures and long range goals

Ability to extend audit coverage to a wider and more representative population using computer-based audit techniques. E.g. use of ACL.
Human Resource Development

Special Assignments:

Fraud investigation should be conducted in order to identify the loss/exposure, control weaknesses, personnel responsible and recommendation to prevent reoccurrence.

Such consulting assignments are performed based on management request in order to establish a fact or to evaluate a specific situation
Frauds, Misappropriations, etc.

Required skills:
The candidate should be able to effectively communicate with personnel across the organizational hierarchy and be able to influence business in a constructive manner.
The candidate should be able to multi-task when situation demands.
Exposure to ERP software such as SAP and Oracle is highly desirable.
Familiarity with data analytics software ACL and audit management / documentation systems is desirable
The candidate should have thorough knowledge concept of internal controls and generally accepted internal auditing standards.
The candidate should be well versed with data analytics through spreadsheets
The candidate should have a good grasp over verbal and written communication including report writing skills.
The candidate should be self-driven with ability to effectively execute audit assignments with minimal supervision.

What equips you for the role
Chartered Accountant (CPA, ACA etc.), ACCA, MBA (FINANCE), CIA, CFA, with knowledge of internal audit function
A Minimum of 3 years in internal audit function