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.