- Perform financial, operational, compliance audits and ad hoc assignments.
- Develop and enhance sector based knowledge.
- Preparation of system notes for process under review using narratives and/or flow charts and assist in identification of key risks and controls in place to mitigate such risk.
- Assist in the development of risk-based audit programs.
- Assist in the development of detailed audit work papers incorporating test schedules to ensure that the audit objectives are met.
- Completion of audit steps/tests assigned to self within agreed time budgets. Keeping the in-charge / Manager informed of progress for any project time extension.
- Ensure that all work papers are prepared and adequate, clear and relevant evidence obtained to sufficiently support the audit conclusion. All work papers should have been properly referenced.
- Gather data for internal audit through a variety of methods including interviews, financial research, downloads, analysis, etc.
- Based on evidence gathered and testing performed conclude clearly on each step assigned bearing in mind that the internal controls being tested are suitable, efficient and effective and the audit objective has been met.
- Responsible for discussing and validating any audit exceptions /weakness/concerns highlighted during reviews with client, identifying related risks, recommend corrective action/improvements and document relevant Management responses for the exception in the Team Mate Exceptions.
- Quantify where possible the value of impact and incorporate them in the exception, ensure that proper appendix is maintained for all noted exceptions.
- Assess, where applicable, compliance with the International Accounting Standards (IAS), Regulatory requirements, Company Policies & Procedures and DoA etc.
- Contribute to the identification of key risks and controls during each audit project and evaluate and report on the adequacy and effectiveness of the entity internal controls.
- Support IA Management in implementing internal audit quality assurance program, by performing supervised internal reviews (i.e. process workflows, audit files/work-papers, etc.) on periodic basis, to maintain conformance to IIA professional practices framework (IPPF).
- Attend entrance meeting with the Audit Manager and ensure that client is aware of the complete audit process.
- Determine scope of review and audit objectives in conjunction with the Supervisor / Audit Manager.
- Identify new/emerging risks if any and appraise Audit Manager and determine whether the same warrants any additional work.
- Completion of audit, including steps/tests assigned to self and team within agreed time budgets. Keeping the Manager informed of progress for any project time extensions.
- Perform timely quality review of work performed by the audit staff assigned to the project.
- Attend exit meetings and prepare draft audit report for timely submission to Audit Manager.
- Completion and wrap-up of relevant Teammate file (EWP) in compliance with established Departmental quality standards.
- Ensure compliance with the Internal Audit Departmental standards and Policies and Procedures.
- Ensure compliance with Company Policies and Procedures.
- Develop and maintain strong rapport with key operating and corporate associates.
- Timely completion of Oro-timesheet. - Should possess a bachelor’s degree in accounting or related field.
- Should possess a professional certificate or should be studying towards qualification CA, CPA or ACCA, or CIA;
- 4 to 6 years relevant experience, through public accounting/auditing and/or industry experience.
- Thorough understanding of Accounting standards and IIA-IPPF standards.
- Ability to appreciate the required operating standards of a range of the Group’s business operations.
- Understanding a range of Computerized Information Systems used in operating divisions.
- Understanding in application of audit management software (ACL, Excel, Teammate etc.).
- Maintain independence (in substance and form) from operational decisions.
- Work in overseas locations, ability to understand and work across different cultures and regulatory environments.
- Strong analytical, written/verbal communication, interpersonal, and relationship building skills
- Maintaining good relationships with the Client Management.
- Ability to supervise audit staff (for in-charge).
- Ability to work independently and within a team environment. Recognized as one of the most active shopping concept developers throughout the region, the Group first introduced the hypermarket model to the Middle East in 1995. Majid Al Futtaim Retail manages Majid Al Futtaim Hypermarkets, a joint venture company with the world’s second largest retailer Carrefour, and offers shoppers the same quality, variety and value-for-money that have made the brand a household name to millions over the world.
In the last 3 years, Majid Al Futtaim Hypermarket has opened 14 new Stores. In the expansion of Carrefour across the region currently there are 37 hypermarkets in the Middle East. In the coming year of 2010, Majid Al Futtaim Retail expects to open 10 new stores. |