Finance Audit Section Head

Saudi Air Navigation Services - SANS; Jeddah; On-site; SAR 150,000 - 220,000; Full time

Job summary

Saudi Air Navigation Services is seeking a Finance Audit Section Head responsible for overseeing internal audits within the finance department. This pivotal role involves evaluating financial activities, ensuring compliance with regulations, and enhancing operational efficiency through effective audit practices. The ideal candidate will possess substantial experience and relevant qualifications to drive financial governance and risk management within the organization.

Qualifications

• Minimum 6 years of experience in internal audit or equivalent.
• Strong understanding of internal control frameworks (e.g., COSO).
• Experience in collaborating with management on audit findings.

Responsibilities

• Conduct internal audits focused on finance-related audits.
• Plan, execute, and report on audit engagements related to financial reporting.
• Evaluate processes to identify improvement areas.

Skills

Risk Management

Internal Controls

Governance Practices

Education

Bachelor's degree in Accounting, Finance, or Business Administration

Audit Certifications (CIA, CPA)

Job description

To perform the internal audit function within the finance department. This role is responsible for evaluating the effectiveness of financial activities, internal controls, risk management processes, and governance practices. The incumbent will be responsible for conducting audits, ensuring compliance with financial regulations, and providing recommendations to enhance the efficiency and effectiveness of financial operations within set KPI s, agreed budgets and adopted policies and procedures.

Knowledge and Experience

• Minimum 6 years of experience in internal audit or equivalent is required.
• Strong understanding of internal control frameworks (e.g., COSO), risk management, and governance.

Education and Certifications

• A bachelor s degree in accounting, Finance, Business Administration, or a related field is required.
• Audit Certifications such as (CIA), (CPA), or equivalent is preferable.

Key Accountability Areas

Key Activities

Audit & Stakeholder Engagement

• Conduct internal audits focused on finance-related audits.
• Plan, execute, and report on audit engagements related to financial reporting, accounting processes, and compliance with applicable regulations and standards.
• Evaluate financial and operational processes to identify areas for improvement and risk mitigation.
• Execute Audit reviews required by General Accounting Bureau.
• Develop audit programs tailored to specific areas of the finance function.
• Ensure compliance with financial regulations, internal policies, and industry standards.
• Present audit results and recommendations to finance and supply chain manager to ensure clarity and understanding.
• Perform audit reviews of financial statements prepared by the external auditors to address any identified issues.
• Participate in commercial evaluation for selecting the external auditors.
• Perform monthly tracking on corrective actions to ensure audit observations are addressed and closed promptly.

Internal Audit Governance, Quality Assurance & Continuous Improvement

• Implementing the internal audit methodology, ensuring alignment with risk-based auditing principles, and compliance with professional standards (IIA, COSO, ISO).
• Develop creation and standardization of audit templates, tools, and documentation to ensure consistency and efficiency across the internal audit function.
• Collaborating with senior management, risk management, and compliance teams to ensure internal audit activities are aligned with key organizational risks and strategic objectives.
• Keeping abreast of industry trends, emerging risks, and regulatory changes to continuously evolve the audit approach.
• Championing a culture of continuous improvement by identifying and implementing innovative auditing techniques, automation, and technology-driven solutions to enhance audit delivery.

Ad-hoc and special assignments

• Conduct ad-hoc audit requested by the Board, Audit committee and management.
• Support Finance & Supply chain Manager in Board, Audit committee and management periodic reports.

Policies, Processes and Procedures

• Support in monitoring day-today activities to ensure compliance with stipulated policies and procedures
• Contribute to the identification of opportunities for continuous improvement of systems and processes considering leading practices, changes in business environment, cost reduction and productivity improvement

People Management

• Actively participate in on-the-job training, mentoring and coaching of subordinates
• Provide clear direction, prioritize tasks, assign and delegate responsibility and monitor the workflow
• Promote a high-performance working environment embracing SANS s values

Company Industry

• Airlines
• Aviation

Department / Functional Area

• Finance
• Treasury

Keywords

• Finance Audit Section Head

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