Senior Manager - Operational & Financial Audit

Al-Futtaim; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A diversified private group in Dubai seeks a Senior Manager – Operational & Financial Audit to lead the audit team, manage audit plans, and ensure compliance with financial processes. The ideal candidate will have strong analytical skills, a professional accounting qualification, and extensive experience in audits. This is an opportunity to contribute to the governance and improvement of the organization’s operational processes in a dynamic environment.

Qualifications

• 10 years in Operational and Financial Audits.
• Experience in the automotive sector is highly desirable.

Responsibilities

• Plan and monitor audit activities to minimize risk.
• Conduct internal audit assignments effectively.
• Prepare professional audit reports and executive summaries.

Skills

Strong analytical skills

Exceptional oral and written communication

Experience with ERP systems

Technical and management skills

Familiarity with auditing software

Education

Chartered Accountant, CPA, ACCA, CIA or MBA Finance

Job description

Overview

We are currently seeking an experienced Audit professional to join our Group Audit Team in the capacity of Senior Manager – Operational & Financial Audit.

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 Arab 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.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Overview of the role

Plan, direct and monitor the audit activities of a team of audit professionals to minimise risk; recommend improvements to the Controls & Governance of the Organisation’s financial, operational and managerial processes and IT systems; and provide reasonable assurance that the organisation complies with established company policies and procedures.

Attributes

Qualified and experienced; may be promoted from an assistant audit manager or audit manager role, subject to role availability, satisfactory performance, and consistent demonstration of defined competencies and values. Managing upwards (SBU Head level) & downwards. Reporting to SGM directly and responsible for assigned geographies/sub-cluster.

What you will do

Audit Plans and Programs

• Development of an annual audit plan after performing a risk assessment. Such a plan should be documented in the Audit Management system (AMS) with details on the audit subject, company, location, month in which the Audit is to be performed and budgeted days to ensure optimum coverage without compromising quality.
• Audit program for each audit assignment should be available before the commencement of the Audit. This should be documented as a template in AMS with risks, controls, and tests to be performed

Operational and Financial Audit

• Perform internal audit assignments
• Supervise the audit team to conduct internal audit assignments
• For both activities, ensure to provide an 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 of the Group

Management of Internal Audit Team

• Manages all resources efficiently to ensure the engagement objectives are met.
• Anticipates and responds sensitively to staff problems, concerns and questions.
• Strives for quality and excellence and encourages others to do the same.
• Delegates tasks in a constructive and supportive fashion.
• Takes personal responsibility for results delivered in areas of responsibility.
• Monitors staff performance and workload and provides constructive and timely feedback to help others achieve their goals.
• Coaches staff to enhance their competence and supports professional development by implementing a plan that caters to career progression.

Audit Reports and Records

• Documentation of audit work in the Audit Management system, which can fully support the audit findings.
• Prepare professional audit reports that clearly communicate findings, analysis, appraisals, recommendations and information concerning the activities audited.
• Management should be timely updated with key findings through audit review meetings.
• Preparation of executive summary for each engagement, along with the detailed report and Audit follow-up form.
• Assist SGM in preparing a periodic summary report for presentation to the Vice Chairman/Divisional President after Group Director – Internal Audit has reviewed it.
• The job holder needs to follow up on the implementation of audit recommendations.

Computer-Assisted Audits

• Ability to extend audit coverage to a broader and more representative population using computer-based audit techniques. E.g. use of AI/Data Analytics.

Special Assignments

• Such consulting assignments are performed based on management requests in order to establish a fact or to evaluate a specific situation.

Frauds, Misappropriations, etc.

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

Periodic Reporting to the Audit Committee

• Report to the Audit Committee on a periodic basis, which should provide an update on performance vs. audit plan, key risk issues, open / non-implemented recommendations, etc.

Required skills to be successful

• Strong analytical skills
• High degree of tact, self-reliance, technical and management skills
• Exceptional ability in oral and written communication
• Familiarity with ERP systems
• Experience working for an automotive company is highly desirable

What equips you for the role

• Chartered Accountant, CPA, ACCA, CIA or MBA Finance.
• 10 years in Operational and Financial Audits.

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