POSITION: Chief Internal Auditor

TransPeshawar; Peshawar City Tehsil; On-site; PKR 2,000,000 - 4,000,000; Full time

Job summary

TransPeshawar seeks a Chief Internal Auditor to lead the internal audit function, planning, implementing and monitoring risk controls across the company. You will regularly review processes to enhance governance and transparency in the organization.

The role requires extensive experience in audits, strong knowledge of standards, and the ability to advise on improving financial controls and risk management. Reports to Audit Committee / BOD TransPeshawar, salary package is market based.

Qualifications

• Member of a recognized body of professional accountants or CIA/CA.
• Experience in internal audit effectiveness and documentation.
• Familiarity with Public Sector Companies Corporate Governance Rules.

Responsibilities

• Provide independent assessment of internal controls and risk management.
• Prepare audit charter and audit program; coordinate with external auditors.
• Report findings with corrective actions and improve governance processes.
• Identify weaknesses and ensure compliance with regulations and standards.

Skills

Business processes

Audit standards

Internal controls

Financial rules

Communication

Professional presentation

Education

CIA / Certified Internal Auditor

Master in Finance

HEC-recognized university

Active professional affiliation

Job description

DUTY STATION: Peshawar

NO OF POSITIONS: 01

REPORT TO: Audit Committee / BOD TransPeshawar

SALARY PACKAGE: Market based competitive salary package

OVERALL ROLE

The Chief internal Auditor will be responsible for managing the internal audit function of the company, specifically for planning, implementing and controlling. The Chief Internal Auditor will undertake regular reviews and evaluations of the TransPeshawar processes and on-going activities for the purposes of improving the effectiveness of risk management, control and governance processes in the Company so that the Company is able to achieve its goals and objectives in a highly professional and transparent manner.

KEY RESPONSIBILITIES

• Ensure that the internal audit function provides an independent assessment of the adequacy of the company’s internal systems and controls, including the systems for appropriate identification and evaluation of risk and for ensuring compliance with all applicable law and regulation;
• Ensure audit conclusions/finding are based on a complete understanding of the process, circumstances and risks;
• Ensure objectivity and comprehensiveness of the data gathering and process; and
• Ensure that the appropriate advice is given, for keeping proper financial records and accounts, and for maintaining an effective system of internal financial control.

KEY TASKS

The specific tasks shall include but not be limited to:

• Prepare audit charter, priorities of audit program and get it approved by the Audit Committee;
• Conduct internal audits, pre-audits, and coordination/liaison with the external auditors of the company;
• Contribute to risk free financial management through a vigilant check on all financial transactions, procurement and services;
• Attend audit committee meetings;
• Write regular/quarterly comprehensive audit reports, which include audit observations, findings and recommendations for corrective action;
• Identify weaknesses, non-conformance with or deviation from prescribes process as well other forms of regularities and their impact on company’s performance and perform such functions as required under the Public Sector Companies Corporate Governance Rules and Companies Act, 2017;
• Determine nature and extent of fraud or error, if any, by applying relevant National/International Standards of Auditing;
• Recommend system improvement and other related actions to enhance systems effectiveness and strength internal controls to optimally harness and safeguard the company’s resources;
• Work with other Company staff in the undertaking of these audits so that the broader issue of risk management is better understood and adopted as an operating philosophy by all Company staff;
• Conduct regular physical stock taking of official assets; and
• Perform other such duties that may be assigned from time to time.

POSITION REQUIREMENTS

1. ATTAINMENTS

Qualification

Member of recognized body of professional accountants; or Certified internal auditor; or Certified Fraud examiner; or Certified Internal Control Auditor or Person holding a Master’s degree in Finance from a university recognized by HEC. Candidates serving as Chief Internal Auditor of the Public Sector Company for the last five years shall be exempted from the above qualification requirement.

Specialized Training - Internal Audit Effectiveness, Internal Audit Documentations, Use of Technologies in Internal Auditing, Professional Team Building, Or Any Other Training Considered Relevant for The Position.

Active affiliations - must be a member of recognized body of professional accountant.

EXPERIENCE

At least 05 years of post-qualification relevant audit experience including 03 years in a senior management position. A minimum of 03 years of experience in a similar role in a reputable national or international organization or Public Sector Company is highly desirable.

1. CORE COMPETENCIES
2. Ability to observe and understand business processes
3. Ability to apply audit standards through practical application
4. Comprehensive knowledge of financial rules, regulations, procedures, the Public Sector Companies (Corporate Governance) Rules and other applicable rules and regulations, and preparation & presentation of audit reports;
5. Sound knowledge of internal controls, auditing standards, methods and procedures;
6. Mature, credible, and comfortable in dealing with senior management, line agencies, general public and other stakeholders; and
7. Empathic communicator, able to see things from the other person's point of view.
8. Well-presented and business‑like.

1. CIRCUMSTANCES
2. Fluency in English and Urdu. Pashto will be considered an added advantage.
3. Good health, allow to work long and irregular hours (when required).
4. Age requirement is below 50 years on closing date of applications

TransPeshawar is committed to achieving workforce diversity in terms of gender and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.