Internal Audit Director

Job Description : INTERNAL AUDIT DIRECTOR KSA a rapidly growing food and beverage manufacturing business in Saudi Arabia who are looking for an Internal Audit Director. You will be responsible for the overall internal audit function, while ensuring the internal audit is closely aligned with industry best practices in executing the duties across the company’s business and financial operations. You will be accountable to ensure roles, responsibilities, and results are efficiently coordinated and collectively optimising the effectiveness of risk management, control and governance of the company. Are you a Certified Internal Audit (CIA) or Certified Public Accountant (CPA)? Do you have knowledge of Accounting and Finance Principles and Practices and IFRS? Do you have experience within KSA? If yes, this is a great opportunity to join a rapidly experience food and beverage business in Saudi who will quickly become a market-leader. KEY RESPONSIBILITIES • Lead internal audit’s initiative by implementing action plans related to risk assessment and annual planning, audit execution, audit reporting, staff recruiting and development, audit technology and audit committee reporting • Lead internal audit’s annual risk assessment and enterprise risk assessment and planning process to develop the audit plan and ensure the plan is responsive to and aligned with the risk profile of the organisation • Oversee the execution of individual audits defined in the audit plan ensuring the highest level of service quality and client satisfaction • Issue all internal audit reports ensuring the reports are clear, concise, identify root cause with practical solutions, and ultimately provide value to management • Meet regularly with the Audit Committee to Board of Directors to report the status of Internal Audit’s ongoing monitoring activities, educate/inform the committee of emerging risks and/or exposures (whether internal or external to the company) that should be considered, and serve as a “thought leader’ with respect to risk management and internal control best practices • Proactively inform senior management of significant risks or exposures related to internal controls compliance, and/or governance requiring prompt attention • Develop/update process documentation to support management’s SOX assessment and Model Audit Rule compliance • Lead scoping efforts for management’s SOX assessment and create report on final assessment of internal controls over financial reporting for the fiscal year-end for management’s review • Perform Internal controls assessments of acquired companies or joint venture companies and lead efforts to mitigate identified control deficiencies • Manage the process to track, follow-up, and ultimately close all open audit issues leveraging the Audit Committee, if necessary • Actively participate in executive management meetings and/or committees to ensure that Internal Audit is well-informed of key business developments that could have an impact on audit priorities and/or plans • Attract, hire, and retain a team of high performing audit professional who possess outstanding knowledge, experience, ethics, and integrity • Ensure that Internal Audit is performing its work in accordance with established professional standards and remain abreast of emerging trends and best practices that can be incorporated into the function • Oversee Internal Audit’s participation in critical business and technology initiatives and projects ensuring that audit’s perspective is effectively voiced, and appropriate controls are designed and implemented on a proactive basis • Maintain audit technology platform leveraging support from the information systems group as needed • Coordinate the activities of external auditors including how best to leverage the work performed and results produced from Internal Audit’s work • Serve as the key point person on all regulatory exams and other third-party audits KEY INGREDIENTS • Degree in Accounting/Finance or a related field • Minimum 10 years’ experience in auditing or accounting, with 3 years in a management role • Certified Internal Audit (CIA) or Certified Public Accountant (CPA) required • Knowledge of Accounting and Finance Principles and Practices and IFRS • Knowledge of a variety of reporting procedures, regulations and local laws • Strong communication and people management skills • Arabic is a must

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