Auditing Specialist

Assist the Audit Manager in developing and executing the audit plan and take a lead role in the day to day execution of internal audits. Contribute to the Internal Audit (IA) function by identifying risks associated with business objectives and evaluating the controls in place to mitigate those risks in order to improve the effectiveness of risk management, control, and governance processes. Provide value-added recommendations and support to business partners on the design of internal controls, policies, procedures and work processes to ensure an appropriate level of internal control and compliance is maintained

Main Accountabilities/Responsibilities :

1. Participate in opening meetings with client to explain the scope and objectives of the audit engagement to client and provide an overview of all steps in the audit process
2. Develop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives. Identify and document inherent risks and controls within the business processes
3. Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology
4. Perform audit tests and prepare working papers in accordance with professional IIA standards and Sadara IA methodology
5. Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives. Identify and document control and process weaknesses and provide evidential support for findings
6. Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies
7. Organize and reference work papers for review by Manager, Internal Audit
8. Participate in closing meetings with client at the end of fieldwork, providing clear explanations for identified issues
9. Assist in the preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the Department Director and Senior Management.
10. Assist the Manager, Internal Audit in the development of the annual Internal Audit plan.
11. Contribute to the safeguarding of corporate assets and the interests of Members by ensuring that appropriate internal controls are in place and operating effectively
12. Perform consulting services for management through participation in projects designed to introduce new and/or changing processes, products or facilities.
13. Perform any other related duties as directed by the Audit Manager.

Business Expertise:

Auditor must have solid understanding of the business risks and control concepts and the ability to apply these concepts to evaluate the adequacy and effectiveness of business processes and controls to mitigate risk to tolerance levels defined by management. The job holder should have working knowledge of professional IIA performance standards with regards to planning, testing, sampling and documentation. He/she needs to have good interpersonal skills with a proven ability to communicate effectively (both written and verbal).

Education :

Bachelor’s degree in Accounting, Finance, Business Administration or any related field.

Professional Qualifications :

A recognized professional designation in Internal Auditing, Accounting or Information System (CIA, CPA, or CISA) is preferred.