Head of Internal Audit

Fatima Group; Lahore; On-site; PKR 6,000,000 - 12,000,000; Full time

Job summary

Fatima Fertilizer invites applications for Head of Internal Audit to lead the function, develop an annual audit plan, and strengthen controls across the organization. The role reports to the Director Internal Audit and requires CA qualification with extensive Post-CA experience in manufacturing.

You will design audit programs, oversee engagements, report findings to the Audit Committee, and drive process improvements using COSO guidance and Lean Six Sigma.

Qualifications

• Strong command of internal audit methodologies and standards.
• In-depth understanding of internal controls, financial processes, and operational audits.
• Experience in developing and implementing audit frameworks and programs in alignment with the COSO Internal Control Framework.
• Exposure to process improvement tools such as Lean Six Sigma.

Responsibilities

• Lead and manage the internal audit function to develop and execute an annual audit plan.
• Oversee audit engagements, review findings, and ensure timely closure of recommendations.
• Prepare detailed audit reports and present results to stakeholders and the Audit Committee.
• Provide direction and development to the internal audit team and promote ethics and continuous improvement.

Skills

Internal audit methodologies

Internal controls

COSO framework

Lean Six Sigma

Education

Chartered Accountant (CA)

Job description

Objective:

The Head of Internal Audit is responsible for leading and managing the internal audit function of Fatima Fertilizer. The role focuses on developing and executing an internal audit plan to assess the adequacy and effectiveness of internal controls, financial integrity, and operational efficiency across the organization.

Key Responsibilities

1. Audit Planning & Development

• Develop and implement the annual internal audit plan aligned with organizational objectives.
• Design audit programs that define scope, methodology, resources, and timelines for execution.
• Present the audit plan to the Director Internal Audit for review and approval.
• Identify irregularities or potential fraudulent activities and lead investigations, ensuring proper documentation and reporting to the Ethics Committee.

2. Internal Audit Execution & Oversight

• Oversee audit engagements to ensure they are conducted in accordance with approved methodologies and professional standards.
• Review audit findings, evaluate audit evidence, and ensure conclusions are sound and actionable.
• Address escalated audit matters and recommend practical solutions for improvement.
• Ensure timely follow-up and closure of audit recommendations in coordination with relevant departments.

3. Audit Reporting

• Prepare detailed audit reports summarizing key observations, control weaknesses, and improvement recommendations.
• Present audit results and progress updates to the Director Internal Audit and other relevant stakeholders.
• Track implementation of audit recommendations and report status of corrective actions.
• Support the Director Internal Audit in preparing consolidated reports for presentation to the Audit Committee.

4. People Leadership & Development

• Provide direction, coaching, and mentorship to the internal audit team to build capability and ensure high-quality performance.
• Foster a culture of ethics, integrity, and continuous improvement within the department.
• Manage performance evaluations, development plans, and training of team members in coordination with HR.
• Address HR-related matters within the department, including conflict resolution, grievances, and disciplinary actions.
• Promote teamwork, accountability, and a results-driven environment.

Reporting to: Director Internal Audit

Education:

• Chartered Accountant (CA)

Experience:

• Minimum 18 years of Post CA qualification experience in Finance and/or Internal Audit, preferably in manufacturing industries.

Technical Expertise:

• Strong command of internal audit methodologies and standards
• In-depth understanding of internal controls, financial processes, and operational audits
• Experience in developing and implementing audit frameworks and programs in alignment with the COSO Internal Control Framework.
• Exposure to process improvement tools such as Lean Six Sigma