Internal Audit (Supervisory)

MARCOPAY INC.; Metro Manila; On-site; PHP 900,000 - 1,800,000; Full time

Job summary

MARCOPAY INC. is seeking an experienced Internal Audit professional in the Metro Manila area to lead audit activities across key business processes.

You will plan, execute, and report on audits, ensuring compliance with regulatory and internal standards while driving improvements in controls and risk management. The role requires a minimum of seven years in internal audit, a Bachelor’s degree in Accountancy or related field, and strong proficiency in Microsoft applications.

Qualifications

• Minimum 7 years of internal audit experience.
• Bachelor's degree in Accountancy or related business program.
• Proficiency in Microsoft Applications.
• Experience in financial services or fintech preferred.
• Strong knowledge of internal auditing, controls, risk management, and accounting practices.

Responsibilities

• Plan audit scope and timetable for key risk areas with approval from Head of Internal Audit.
• Develop annual audit plans and programs, direct implementation and monitor progress.
• Prepare and monitor monthly audit task and accomplishment plans.
• Maintain documentation of audit activities and supporting references.
• Schedule and plan audits; conduct risk assessment and set audit direction.
• Lead kick-off meetings and document understanding of business operations.
• Identify process gaps and control deficiencies; recommend improvements.
• Design audit procedures and testing templates; develop work programs.
• Conduct walkthroughs and tests of controls; validate documentation for compliance.
• Prepare preliminary observations and final audit reports with recommendations and action plans.

Skills

Auditing

Risk assessment

Finance & accounting

Microsoft Office proficiency

Education

Bachelor's degree in Accountancy

Tools

Microsoft Applications

Job description

Job Description

• Plans audit scope and timetable for the identified key business risk areas or processes subject to approval of the Head of Internal Audit or its equivalent, as necessary
• Develops, submits for approval annual audit plans and programs, targets and/or budgets, directs their implementation and monitors progress to the Head of Internal Audit or its equivalent.
• Prepares and monitors the monthly audit task plan and monthly audit accomplishment plan to ensure that assigned tasks are accomplished efficiently and effectively.
• Maintains and secures documentation of audit activities for references.
• Schedules and plans audits; initiates project planning, assesses risk and develops audit direction.
• Conducts kick-off meeting with the auditee to discuss the results of preliminary audit observations, audit scope, and audit timetable.
• Performs preliminary understanding of business operations, functions or activities.
• Performs and documents walkthrough to confirm the results of the preliminary understanding of business operations, functions or activities.
• Identifies possible process gaps/control deficiencies based on the results of the walkthrough.
• Reviews and makes necessary recommendations on procedures and reports etc. periodically to identify risks or non-conformity issues.
• Designs audit procedures / testing templates to be used in the conduct of the engagement.
• Develops an audit work program to test the identified controls.
• Conducts walkthrough and test of controls of the areas assigned.
• Examines / validates pertinent documents to ascertain compliance to existing procedures, regulatory and tax requirements.
• Prepares and issues preliminary audit observations to clear and obtain explanations from the auditees, when needed.
• Conducts closing meeting to discuss audit observations, recommendations and obtain action plans from the auditees.
• Prepares and organizes accurate and competent working papers, ensuring that documentation clearly support conclusions regarding each audit objectives/findings.
• Prepares preliminary audit report and final written report, with audit recommendations and auditee's action plans with target dates.
• Conducts adhoc audit engagements, as assigned by immediate superior or Head of the Department.

Requirements

• Requires a minimum of 7 years of internal audit experience
• Bachelor's degree is in Accountancy or any business-related program
• Proficiency in Microsoft Applications
• Experience in financial services or fintech industry is required
• Exceptional knowledge of internal auditing, internal controls, risk management, and finance and accounting practices and methods.