Job description / Role
Job Location
Abu Dhabi, UAE
Nationality
Any Nationality
Arabic Fluency
Not Specified
Job Function
Accounting & Audit
Company Industry
Oil & Gas
Job purpose
To carry out comprehensive audit and evaluation of management controls (over financial activities or administrative and operational activities as assigned to you) in order to ensure that internal control system for integrity and reliability of financial processes are implemented and working efficiently and effectively, to ensure smooth and timely progress of audit programs according to annual audit plans, and in accordance with corporate strategies, objectives, procedures, policies, and directives. To perform and follow up all financial audits as agreed with the Department Manager and to prepare final audit reports, audit findings and recommendations for corrective action plans.
Job specific accountabilities
Annual risk-based internal audit planPerform quarterly and annual risk assessment exercise conducted by Audit & Assurance Division for the assigned organisational units.Develop annual risk-based internal audit plan based on the results of risk assessment exercise.Internal audit planningIdentifies and discusses the objectives and approach of proposed audit effort with the Department Manager, as directed.Participates in the planning of assigned audit reviews approach and scope. Prepares audit program.Identifies risks, mitigating controls and prepares the audit testing program for the scope areas agreed for the audit reviews. Assists in planning and carries out comprehensive audit programs for reviewing and evaluating management controls over financial, procedures, policies and activities in various areas, divisions and departments as per approved audit plan and communicates it to subordinates.Reviews completeness, appropriateness and effectiveness of internal controls, processes, procedures and policies in place, audit findings and makes recommendations.Conducts preliminary review of audit assignments to help establish scope and develop audit plans (including those of testing).Assists Department Manager in developing and carrying out audit assignments.Internal audit execution
Executes the approved annual audit plan as agreed and ensures that all audited areas are subject to adequate evaluation of internal controls. Identifies areas that may require additional audit coverage to ensure that systems, procedures and internal controls are effectively adhered to. Collects and analyses all necessary evidence to assess any potential procedural risks.Prepares and updates the risks assessment process and preparation of risk register of auditable entities.Evaluates adequacy and effectiveness of the process controls based on business knowledge and experience and modifies the scope of audit review, as may be required with the approval of Department Manager.Determines auditing procedures to be applied, including use of IT audit techniques, sampling methods, etc.Analyses and reviews financial and related operational systems, policies and procedures, and provides value-added recommendations to improve and enhance controls.Reviews and discusses with the concerned staff all matters, control gaps and other issues disclosed in audit reports.Obtains and reviews audit evidence as the basis for an informed, objective conclusion on the adequacy and effectiveness of internal control system over the activities or scope being reviewed.Prepares and records working papers related to the audit tests performed which evidence and support the observations, results and conclusion. Such working papers should be adequately documented within the Audit Management System (AMS).Supervises and supports audit activities carried out by auditors to ensure smooth and timely progress of audit programs.Monitors and follows up schedules of assignments and ensures tasks are successfully completed according to annual audit plan.Distinguishes between critical and non-critical tasks and gives priority accordingly to ensure high quality and prompt work.Follows up works carried out by auditors to ensure adequacy, thoroughness and completeness.Reviews weekly progress of all audit programs performed by audit staff.Prepares and updates the weekly audit staff work schedules for Department Manager.Internal audit reporting
Recommends enhancements in management controls designed to mitigate business risks, safeguard organizational assets, rectify identified or reported deficiencies and contribute to growth and improve profitability, preferably by recommendations resulting in measurable value from audit activities.Discusses the result of the audit reviews and recommendations with Department Manager.Prepares final audit reports for Department Managers review which highlight audit observations and potential impacts and also include conclusions, expressing professional opinions on the adequacy and effectiveness of risk management, control system and efficiency with which activities are conducted.Internal audit follow up
Makes all necessary follow up on audit findings and audit report with concerned division or department manager to ensure implementation of agreed corrective action plans.Follows up on actions to be taken by various audited departments or divisions, according to audit reports and corrective action plans, as agreed with the auditees.Performs and reviews updating of all financial audit programs.Participates and supports Audit & Assurance Division management in preparation of periodic follow-up communication, including overdue and outlook statistics, for the companys leadership team.Audit committee
Participates in facilitation of Audit Committee meetings in the areas of writing the audit presentation and drafting the minutes of meetings.Others
Performs ad hoc and special reviews and also administrative duties to support Audit & Assurance Division management, as per the request.Minimum qualification
Bachelor degree in commerce or accounting.
Minimum experience, knowledge & skills
Eight years of professional experience in auditing, preferably in oil and gas industry or international audit firms.Hands-on experience in working with an audit management system.Experience working in an environment with ERP system, preferably SAP.Strong verbal and written communication skills in English; knowledge of Arabic is an advantage.In-depth knowledge of IFRS, budgeting and management accounting principles.Excellent report writing skills with the ability to clearly write complex issues.Excellent knowledge of Microsoft Office, especially Word, Excel and PowerPoint.Ability to work independently and as part of a team.Critical thinking and analysis skills.Thorough understanding of internal audit, corporate governance and risk management.Professional certifications
At least one professional qualification or certification (CIA, ACCA, ACA, CPA, CFE, CISA) is preferred.
About the Company
We are one of the worlds leading energy producers, and a primary catalyst for Abu Dhabi’s growth and diversification.
We operate across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products.
Since 1971, we have created thousands of jobs, driven the growth of a diverse knowledge-based economy, and played a key role in Abu Dhabi’s global emergence.
Today, we continue to look for new and innovative ways to maximize the value of our resources, pioneering those approaches and technologies that will ensure we are able to meet the demands of an ever-changing energy market, and continue to have a positive impact on the Abu Dhabi economy for generations to come.
