Senior Auditor Job at Waed Ventures, Saudi Arabia

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  • Waed Ventures
  • Saudi Arabia

Job Description

Job Summary:

In-charge of complex organizational/entity audits, to improve the effectiveness of risk management, control and governance processes. Plans and executes audits in accordance with accepted standards, as well as prepares formal written reports expressing their opinion on the auditable entity's system of internal controls.

Assigned audits include reviews of the Company's key operating activities such as venture capital (VC), innovation ecosystem and venture growth. In addition, reviews of operation support services such as Finance, Human Resources and Procurement. The audit scope includes reviewing the design and operating effectiveness of the auditable entity's policies and procedures, and assessing compliance with laws, regulations, and formal agreements.

Key Responsibilities:

1.       Performs the audit planning by understanding the auditable entity's business objectives, identifying risks, scoping the audit and recommending necessary staff required to complete the audit. Determines the audit program and auditing procedures to be used, including sampling methodology.

2.       Identifies the key controls of the auditable entity and evaluates the effectiveness of the financial and operations systems through an understanding of auditing techniques.

3.       Leads staff assistants assigned to the audit and reviews their work to ensure they are effective, consistent with the audit scope and accurate before making oral or written presentations to management to discuss control deficiencies, recommendations and corrective actions to improve operations and reduce cost.

4.       Evaluates the adequacy and effectiveness of the management controls over activities audited and drafts audit observations on control deficiencies identified. Drafts the final audit report for the auditable entity.

5.       Plans and executes ad-hoc reviews at the request of management.

6.       Evaluates the performance and capabilities of the assistants supporting the audit.

7.       Provides training, coaching and mentorship to Internal Auditing staff in the application of audit standards, best-practices, and risk assessments.

Qualifications and general competencies:

-          Bachelor of Science in disciplines such as Accounting\Finance, Law, Engineering, Information Technology and Business Management.

-          Minimum Experience Required: 7 Years.

-          Professional Certifications such as CIA, CFE, CPA, SOCPA and CISA are preferred.

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