Key Roles and Responsibilities
Budget & Cost Control
§ Assist in developing the Inventory’s annual budget and ensure all employees are working within the assigned budget by setting the required targets and responsibilities.
Supervisor – Internal Audit Control
· Ensure the proper implementation of the company's set policies, procedures, business processes and internal controls in line with the stated requirements (Laws, regulations…etc.) by Governmental Authorities and Financial Institutions.
· Analyze data required for internal auditing, to determine the adequacy and effectiveness of the company's internal controls.
· Supervise the full audit cycle including risk and control management to ensure the effectiveness of operations, financial reliability and compliance with all applicable regulations.
· Review annual audit work plans to ensure covering all Departments within the company's in the audit process during the year.
· Supervise the internal audit programs by reviewing all accounting procedures, confirmation of accounts, inspection of physical operations and detection, investigation and prevention of fraud.
· Liaise with External Auditors and provide them with the required documents pertaining to the company's financial performance.
· Identify opportunities for improving internal controls and propose recommendations to improve current business processes.
· Identify risks and control weaknesses and document the same along with recommendations on how to improve the control environment and reduce risk.
· Discuss findings with the Internal Audit Committee and the CEO, and conduct adequate follow up to ensure proper execution of corrective actions by Department Managers.
· Prepare final audit findings, document and submit the same to the Audit Committee, in addition to providing timely recommendations pertaining to the course of action.
· Prepare updates and recommended course of action for direct management in advance of meetings in a timely and accurate manner.
· Perform special audit assignments, fraud investigations, and other special projects’ duties as assigned by the Audit Committee and prepare reports of the same.
· Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards.
· Assist in the management of change through continuous improvement of the functional processes and practices taking into account ‘leading practices’ and changes in the business environment to ensure the demands meet proactive action plans.
· Perform other duties related to the job as assigned by the Direct Manager.
Continuous Improvement
§ Manage inputs and recommend action to be taken when there are weaknesses in internal controls or compliance issue with set policies and procedures.
Reports
§ Prepare and Submit reports and responses from auditors to consolidate various inputs, finalise audit reports and submit to direct management with recommendations for consideration.
Job Details
| Posted Date: | 2021-02-07 |
| Job Location: | Kuwait |
| Job Role: | Accounting and Auditing |
| Company Industry: | Pharmacies |
Preferred Candidate
| Career Level: | Mid Career |
| Nationality: | Kuwait |
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