Financial Auditor | Al Futtaim
A well-known and well-reputed Company based in Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of “Financial Auditor”.
| Company Name |
Al Futtaim, Dubai |
| Qualification | ACCA | CPA | CIA | CFA | ACA | MBA (Finance) |
| Experience | 3 – 5 years of Relevant Experience Required |
| Monthly Salary | 12,000 AED – 15,000 AED |
| Employment Type | Full Time | Permanent |
| Company Size | 50-100 Employees |
| Benefits | Medical Insurance |
| Location | Dubai |
Job Requisition ID: 96740
No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognizes and rewards quality performance, and what do you get? The chance to push the limits every single day.
As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.
Come join us to live well, work better, and be the best.
About The Role
We are currently seeking an experienced Operational & Financial Auditor to join our Group Internal Audit organization.
Group Internal Audit’s primary role is to protect the interest of the owners of the AI Futtaim Group of Companies. Group Internal Audit is an independent appraisal function established within AI Futtaim Group to examine and evaluate its activities as a service to the Group. The objective of Group Internal Audit is to assist management with analysis, appraisals, recommendations, information, and consulting concerning the activities reviewed.
The role will serve to perform Operational and Financial Audit in accordance with the annual audit plan to evaluate:
- The existence, adequacy, and effectiveness of internal controls
- Compliance with company policies and operating procedures
- Controls on the safeguarding of assets
- Economical and efficient use of resources
- Reliability and Integrity of Information
- The accomplishment of established business objectives
Key Accountabilities
Audit Plans and Programs
- Assist the Audit Manager in the development of the annual audit plan by assessing the degree of risk.
- Assist in the development of an audit program for each audit assignment before the commencement of the audit. This should be documented as the template in (AMS) with risks, control, and tests to be performed.
Operational and Financial Audit
- Conduct internal audit assignment for evaluation of adequacy and effectiveness of the system of internal control and quality of performance in carrying out assigned responsibilities in all business processes/segments.
- Review the approval process to ensure that Group policies/ procedures and delegations of authorities comply.
- Ensure that the assets of the group are safeguarded.
Audit Reports and Records
- Documentation of audit work in the Audit Management system which can fully support the audit findings.
- Prepare professional audit reports which should clearly communicate findings, analysis, appraisals, recommendations, and information concerning the activities audited.
- The audit Manager should be timely updated with key findings.
- Discuss preliminary audit findings with the concerned staff/ management in order to highlight the observations to management and to get their concurrences.
- Assist in preparation of executive summary for each engagement along with the detailed report and audit follow-up form.
- Assist in the preparation of a monthly summary report to be presented to Vice Chairman after it has been reviewed by line manager/Group Director – Internal Audit.
- Job holder needs to assist in the follow-up on the implementation of audit recommendations.
Computer Assisted Audit
- Ability to extend audit coverage to a wider and more representative population using computer-based audit techniques. E.g. use of ACL.
Human Resource Development
- Achieve high professional standards of audit performance, reports, and recommendations in conformity with International Standards of Internal Audit and within the Group’s policy, procedures, and long-range goals.
Special Assignments
- Such consulting assignments are performed based on management requests in order to establish a fact or to evaluate a specific situation.
- Frauds, Misappropriations, etc
- Fraud investigation should be conducted in order to identify the loss/exposure, control weaknesses, personnel responsible, and recommendations to prevent reoccurrence.
Minimum Qualifications And Knowledge
Candidate requirements
- Chartered Accountant (CPA, ACA, etc.), ACCA, MBA (FINANCE), CIA, CFA, with knowledge of internal audit function.
Minimum Experience
- A Minimum of 3 years in the internal audit function
Job-Specific Skills
- The candidate should have a thorough knowledge concept of internal controls and generally accepted internal auditing standards.
- The candidate should be well versed with data analytics through spreadsheets
- The candidate should have a good grasp of verbal and written communication including report writing skills.
- The candidate should be self-driven with the ability to effectively execute audit assignments with minimal supervision.
- The candidate should be able to effectively communicate with personnel across the organizational hierarchy and be able to influence business in a constructive manner.
- The candidate should be able to multi-task when the situation demands.
- Exposure to ERP software such as SAP and Oracle is highly desirable.
- Familiarity with data analytics software ACL and audit management/documentation systems is desirable.
Behavioral Competencies
Some key behavioral competencies in an ideal candidate are:
- Integrity and Honesty
- Can-do attitude
- Positive approach
- Team player
- Tact