Overview

About the job

Job Description

Job Purpose:

  • Carry out Internal audits as per the Approved IA Plan
  • Conduct special reviews and assignments as requested by the Audit Committee and Chief Audit Executive.
  • Carry out substantive testing and verification of books of account with supporting documents & records to ensure that they fall in line with the policies laid down by the company.

Key Accountabilities:

Performance of Full Scope Audit, Special Review engagements & Independent Audits

  • Carry out audits as per the Approved IA Plan covering all areas related to the auditee and completion of the assignment within stipulated time-frame.
  • This includes Full scope Audits, School audits, Special Reviews & Investigations, Limited Scope Reviews, Health & Safety Reviews etc.

Review of Internal Controls:

  • Examine and report on existing controls, systems & procedures to ensure that the corporate resources and assets are properly utilised and protected and report on all inadequate or inefficient operations.
  • To verify and report ineffective internal controls, including accounting procedures and suggest alternate procedures for better efficiency and control.
  • To review the existing systems to ascertain whether the desired results are obtained, and whether they are consistent with established objectives and policies.
  • Assess internal controls and processes to identify gaps/ improvement areas, and provide value-adding recommendations.

Identification of areas of cost control and cost effectiveness through

  • Unfavorable variance compared to budget or prior period benchmarks.
  • Unproductive expenses, improper methods used and consequent loss.
  • To share the lessons learnt and best practices (including the DAX & Oasis related matters) to team members periodically to save time and cost.

Reporting and Communication

  • Summarize and discuss key observations and audit issues with related personnel and report to the line Manager/HOD.
  • Complete audit working papers and prepare audit files which will be used to support audit reports findings.
  • To conduct the audit tests, validate the controls and perform all audit procedures in the Audit Portal.
  • Ensure that the portal/share drive is updated with all adequate evidences to facilitate review of the work and also address the review comments, if any.

Audit Action Plan Tracker

  • To update the Audit Action Plan Tracker with action plans from the audit reports which are issued.
  • To maintain the entire Audit Action Plan Tracker and perform a periodical verification of the same
  • To prepare the department-wise action plans that were pending/implemented/not due on a monthly basis.
  • To prepare the pending high risk action items as and when required by the management.

Audit Committee Presentations

  • To assist in preparation of audit committee presentations
  • To prepare the speak-up cases summary reports.
  • To assist the CAE and Managers in ad-hoc & random works assigned.

Preparation and review of Audit Reports

  • To assist in preparation of audit reports after completion of the field work
  • To review the audit reports prepared by team members for quality assurance purpose.

Department Administration

  • Managing routine administrative matters within in the department (e.g. procurement of goods).
  • Preparation of Purchase Orders, GRN’s and other DAX related matters.

Skills
Expected Qualifications:

  • CIA, CFE or CA.

Expected Experience:

  • 5-7 years of experience in Internal Audit including fraud investigations, preferably including some years in the Big 4/
  • Prior experience of Teammate audit software is added advantage.

Job-Specific Knowledge & Skills:

  • Good communication in English, both verbal and written.
  • A good team leader.
  • Persuasive skills in terms of being able to present and gain acceptance of value added or cost effective audit recommendations.
  • Good analytical and investigative skills.
  • Good interpersonal and negotiation skills.
  • Problem solving skills.
  • Objectivity and Professional
  • Audit Skepticism and people skills.
  • Confident and ethical character.

About GEMS Education

GEMS Education is one of the world’s oldest and largest K-12 private education providers. It is a highly-regarded choice for quality private education in the Middle East and North Africa region. As a company founded in the UAE in 1959, it holds an unparalleled track-record of providing diverse curricula and educational choices to all socio-economic means. Operating 47 owned and operated schools, and a further three managed in the MENA region, GEMS Education currently serves over 115,000 students; and through its growing network of schools as well as charitable contributions is fulfilling the founder’s vision of putting a quality education within the reach of every child.