Financial Audit Director

General Authority of Zakat and Tax; Verulam; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading organization is seeking a Financial Audit Manager to oversee the audit function, ensuring compliance with policies and procedures. The role involves strategic planning, budget management, and audit execution. Candidates should have extensive experience in financial auditing and leadership skills.

Qualifications

• Minimum 8 years of relevant experience, with at least 3 years in a managerial role.

Responsibilities

• Manage the Financial Audit function including planning, intervention, and reporting.
• Develop and implement operational plans for Financial Audit.
• Review and consolidate audit reports, highlighting findings and recommendations.

Skills

Communication

Strategic Thinking

Results Orientation

Customer Focus

Education

Bachelor's degree in Business Administration

Master's degree

Lead Auditor Certification

Job description

Purpose of Job

The job holder is responsible for managing the Financial Audit function, including audit planning, intervention, and reporting, to assess compliance with relevant policies, processes, procedures, and guidelines in an independent manner.

Job Responsibilities

Strategy and Planning
• Contribute to the development of the Financial & Administrative Audit business plan, ensuring alignment with ZATCA strategy.
• Develop and implement operational plans for Financial Audit in line with the business and internal audit strategic plans.
• Support the achievement of Financial Audit goals aligned with ZATCA's strategic objectives.

Budget Management
• Collaborate with top management on Budgeting requirements and provide input.
• Ensure effective utilization of the budget and report on progress and challenges.
• Propose initiatives to optimize financial impact and mitigate risks.

Audit Planning
• Develop internal audit guidelines, methodologies, and templates aligned with standards.
• Coordinate with external auditors for specific audits.
• Develop annual audit plans focusing on key risks and resource availability.
• Define audit scope and schedule, notifying relevant functions.

Audit Execution
• Confirm audit objectives, scope, and methodology with relevant functions.
• Oversee audit interventions, review documents, and follow-up on improvements or non-conformities.
• Ensure clear communication of audit results and agreed actions.
• Facilitate external audits and special assignments.

Audit Reporting
• Review and consolidate audit reports, highlighting findings and recommendations.
• Prepare periodic audit summaries with observations and action plans.

People Management
• Participate in talent recruitment and development.
• Mentor and support team members.
• Set performance objectives, evaluate, and provide feedback.
• Foster a high-performance environment aligned with ZATCA values.

Job Details

Education
• Bachelor's degree in Business Administration, Finance, Accounting, or equivalent.
• Master's degree preferred.
• Lead Auditor Certification.

Experience
• Minimum 8 years of relevant experience, with at least 3 years in a managerial role.

Core Competencies
• Advanced knowledge of legislations, regulations, accounting standards, and practices.
• Proficient in professionalism, communication, and results orientation.
• Advanced skills in data gathering, internal audit execution, and techniques.
• Developing strategic thinking and operational excellence.
• Proficient in customer focus, change management, and policy enforcement.