Internal Auditor
6 months ago
The Internal Auditor for the construction company is responsible for evaluating and improving risk management, control, and governance processes. This role involves conducting audits, reviewing financial and operational processes, ensuring compliance with construction industry standards, and identifying areas for improvement.
Functions
1. Develop and implement an annual audit plan covering financial, operational, and compliance audits.
2. Conduct audits to assess the effectiveness of internal controls, accuracy of financial records, and efficiency of operations.
3. Identify and assess areas of significant business risk.
4. Evaluate the adequacy of risk management processes and make recommendations for improvement.
5. Evaluate the company’s adherence to internal policies and procedures.
6. Review financial statements and records to ensure accuracy and compliance with accounting standards.
7. Identify opportunities for cost savings and operational improvements.
8. Perform audits on material usage and reconciliation.
9. Ensure proper documentation and reconciliation of construction materials.
10. Audit site-based store management practices. Reconcile inventory records with physical counts.
11. Ensure proper controls over material issuance and storage and monitor project expenses to ensure they are within budget. Implement cost control measures to reduce material wastage.
12. Evaluate subcontractor performance and payment processes.
13. Conduct site visits to inspect project progress and adherence to safety standards.
14. Monitor workers' productivity and identify areas for improvement
15. Prepare detailed audit reports with findings, conclusions, and recommendations for the Audit Committee and Board of Directors.
16. Collaborate with other departments to address audit findings and implement recommendations.
Educational Qualification
Bachelor’s degree in Accounting, Finance, Business Administration, Civil Engineering, or a related field.
Professional certifications are advantageous.
Experience
Minimum of 5 years of internal auditing experience, preferably in the construction industry.
**Job Types**: Full-time, Permanent
Pay: From AED5,000.00 per month
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