Internal Auditor

Job Summary:

The Internal Auditor is responsible for evaluating and improving the effectiveness of the company’s internal controls, risk management, and governance processes. This includes conducting financial, operational, and compliance audits across head office and project sites to ensure accuracy, transparency, and adherence to company policies and regulatory requirements.

Key Responsibilities:

1. Audit Planning and Execution

• Develop and implement an annual internal audit plan based on risk assessment.
• Conduct audits of financial transactions, project expenditures, procurement, payroll, and inventory.
• Perform site visits to validate documentation, asset existence, and compliance with construction processes.
• Review and test internal controls for effectiveness and efficiency.

2. Financial and Operational Audit

• Verify accuracy of accounting records, project costing, and budget utilization.
• Audit procurement and subcontractor transactions to detect irregularities or overbilling.
• Review petty cash, advances, and liquidations for compliance and accuracy.
• Evaluate internal processes related to bidding, purchasing, and materials management.

3. Compliance and Risk Management

• Ensure compliance with company policies, accounting standards, tax regulations, and labor laws.
• Identify control weaknesses and recommend corrective actions to mitigate risks.
• Assess the adequacy of internal systems to prevent fraud, waste, and misuse of company resources.
• Monitor corrective action plans and follow up on audit findings.

4. Reporting and Documentation

• Prepare comprehensive audit reports with findings, observations, and recommendations.
• Present audit results to management and suggest process improvements.
• Maintain proper documentation of audit workpapers and supporting evidence.
• Coordinate with external auditors during annual financial audits.

5. Continuous Improvement

• Assist in developing and updating policies and procedures to enhance internal control systems.
• Provide guidance and training to departments on compliance and risk awareness.
• Stay updated on best practices in construction auditing and corporate governance.

Qualification :

• Must have a Bachelor's Degree
• Internal Auditing experience in Construction Industry setting.
• Minimum of 5 years related experience