Internal Audit Manager

• Role purpose and Strategic Importance:

Contribute effectively to achieving the organizational objectives and strategic plans of the business by developing, managing, and maintaining a function that provides an assurance and consulting services that add value to the business operations.

• Key Accountabilities and Responsibilities:

1. Interact with the Audit Committee to activate the functional subordination, enhance independence, and obtain the Committee's approval on the various plans and budgets of the Internal Audit.
2. Developing organizational objectives and strategic plans for the Internal Audit Department to aid in achieving the business objectives.
3. Establish principles and controls for managing and directing the Internal Audit activity to achieve the desired efficiency.
4. Preparing and following up on the implementation of the Internal Audit Department's strategic plan and ensuring its consistency with the business objectives.
5. Prepare the Internal Audit Department's budget in coordination with the Audit Committee.
6. Carry out periodic reviews of the Internal Audit charter and the Internal Audit manual.
7. Periodically follow-up on the key performance indicators of the Internal Audit Department and its employees and evaluate their annual performance.
8. Prepare training plans to raise the competencies of the Internal Audit staff, work on developing and motivating employees to expand their efficiency and effectiveness and create a culture of team building and continuous development.
9. Follow up on the implementation of the Internal Audit activities in accordance with the approved Internal Audit Charter.
10. Directing the Internal Audit staff to carry out the risk assessment process and provide recommendations when needed.
11. Review the results of the risk assessment.
12. Review and approve the allocation of available resources, schedule, and budget required to complete each stage of the audit review.
13. Issue the formal audit commencement letter to the concerned department and review the list of initial audit requirements.
14. Review and approve the process understanding document, risk and controls matrix, audit program, and working papers
15. Monitor and periodically review the implementation of the annual Internal Audit plan.
16. Review and approve the draft Internal Audit report and lead the closing meetings with the relevant parties; to discuss the findings raised, proposed recommendations, and obtain the management responses to determine the corrective action plans.
17. Review the Internal Audit reports and issue the final version to the related parties.
18. Immediately issue reports to the concerned parties whenever a weakness or an issue is identified that may have a material impact and/or significant risk on the operational continuity of the business.
19. Follow up with the concerned departments and/or the CEO of Obeikan Glass regarding the implementation of the audit report corrective action plans.
20. Preparing periodic reports and presentations (task completion rates, annual executive summary, etc.) to the Audit Committee.
21. Executing other tasks assigned by the Audit Committee.
22. Disclosure of conflicts of interest and reporting on any independence limitations.
23. Establishing and maintaining the Quality Assurance and Improvement Program and reporting on its external and internal evaluations to the Audit Committee.
24. Representing the Internal Audit Department in meetings with the Board of Directors and the Audit Committee.

• Qualifications and Experience:

• Experience

At least 10 years of relevant experience, including 4 years in a supervisory/managerial role.

• Required

Bachelor's degree in accounting, financial or administrative sciences, or its equivalent in

a similar discipline, as a minimum.

• Desirable

1. Master of accounting, financial or administrative sciences, or its equivalent in a similar discipline.

2. Professional certification such as CIA, CISA, CFE, CPA.

3. Previous experience in Internal Audit or quality control.

4. Familiarity with the laws and regulations issued by the relevant authorities.

• Competencies

1. Ability to write reports in both Arabic and English
2. Leadership and people management
3. Strategic thinking skills
4. Planning and organizing skills
5. The ability to take appropriate decisions
6. Strong analysis and evaluation skills
7. Problem solving skills
8. The ability to carry out tasks with the highest level of accuracy, efficiency and effectiveness
9. Creativity and innovation
10. Ability to empower and develop employees
11. Effective communication skills
12. Appropriate knowledge in Information Technology
13. Full proficiency of Internal Audit standards