Industry: Audit
Total Positions: 1
Job Type: Full Time/Permanent
Gender: No Preference
Salary: 7800USD - 9100USD (Monthly)
Education: Chartered Accountant
Experience: 20-20 Years
Location: Masqat, Oman
Skills: • Develop and Implement Audit Strategy, • Internal Audit Operations, • Risk Management and Governance, • Stakeholder Engagement
Posted Date: 14-03-2024
Description:
We are seeking a highly skilled and experienced Head of Internal Audit to join our dynamic team. The ideal candidate will have a solid background in internal audit, with specific experience in the automotive industry within the GCC region. As the Head of Internal Audit, you will play a critical role in ensuring the effectiveness of our internal controls, risk management processes, and governance practices.
Responsibilities:
· Develop and Implement Audit Strategy: Develop and execute a comprehensive audit strategy aligned with the company's objectives and regulatory requirements. Establish annual audit plans, ensuring adequate coverage of key risks and areas of concern within the automotive industry.
· Internal Audit Operations: Lead and oversee internal audit activities, including risk assessment, planning, fieldwork, and reporting. Conduct audits of various operational areas, including finance, procurement, sales, service, and inventory management. Evaluate the effectiveness of internal controls and recommend improvements to mitigate risks and enhance operational efficiency. Monitor compliance with company policies, procedures, and regulatory requirements.
· Risk Management and Governance: Identify emerging risks and trends within the automotive industry and develop strategies to address them. Assess the adequacy of risk management processes and internal controls to safeguard company assets and reputation. Provide guidance and recommendations to management on governance practices and internal control enhancements.
· Stakeholder Engagement: Collaborate with senior management, department heads, and external stakeholders to address audit findings and implement corrective actions. Communicate audit results and recommendations effectively to key stakeholders, including executive management and the Board of Directors.
· Build and maintain strong relationships with business units and external auditors to facilitate effective collaboration and knowledge sharing.
· Team Leadership and Development: Provide leadership, guidance, and mentorship to the internal audit team, fostering a culture of excellence, integrity, and continuous improvement. Develop and train audit staff to enhance their technical skills, industry knowledge, and professional growth.
Requirements / Qualifications:
· Charted Accountancy .
· Proven experience of 20 – 30 years in internal audit, with a focus on the automotive industry within the GCC region.
· Strong understanding of auditing standards, risk management principles, and governance frameworks.
· Excellent analytical skills, attention to detail, and ability to interpret complex data and information.
· Exceptional communication and interpersonal skills, with the ability to interact effectively with stakeholders at all levels of the organization.
· Demonstrated leadership abilities, including the ability to motivate and inspire team members to achieve goals and objectives.
Proficiency in audit software, data analytics tools, and Microsoft Office Suite