The International University of Science & Technology in Kuwait (IUK) is a newly established private university in Kuwait, with a new Campus located in the heart of Kuwait near the Avenues Mall. Fully accredited by the Private Universities Council (PUC), the University offers a wide range of academic programs in three Colleges; namely: College of Engineering, College of Business Administration, and College of Arts. In addition to the academic programs, the IUK has established the University Foundation Program (UFP) which offers English and Math foundation programs. The IUK is looking for a dynamic full-time internal auditor to improve the financial operations by bringing a scientifically proven approach to the effectiveness of risk management, governance enactment, and business processes
Position Summary
Reporting to the Vice President for Admin and Finance, the internal auditor's main objective is to ensure that all the bylaws enforcement, governance enactment, and business processes at IUK are risk-management compliant. His/Her tasks include, but are not limited to, reducing financial risks, assessing financial and business areas for compliance with IUK’s bylaws, and monitoring the effectiveness this department has at putting its controls into practice. With high integrity and a fair personality, yet independent and tough enough for difficult situations that can arise during an audit, IUK seeks an Internal Auditor to join the University team to add great value and contribute to the effectiveness of the University.
Responsibilities:
The responsibilities of the Internal Auditor at IUK include, but are not limited to, the following tasks:
- Developing the internal audit plan including scope, time, and resources; and developing its annual plans.
- Maintaining clear communication with the stakeholders and the University audit committee.
- Performing the full audit cycle including the execution of the plan, risk management, and QA monitoring over business processes and efficiency.
- Performing audit and risk management on financial processes and ensuring its reliability and compliance with the University bylaws.
- Monitoring and analyzing the financial and accounting documentation and reports and ensuring their correctness and quality.
- Participating in preparing annual financial reports for internal and external use.
- Identifying gaps and ambiguity in the financial processes, reporting it, and recommending risk aversion measures.
- Documenting the process, analyzing and optimizing them, and preparing audit findings reports.
- Conducting a planned follow-up plan on audits and monitoring the management interventions.
- Engaging in continuous improvement and knowledge development to maintain a healthy environment based on the bylaws, regulations, and international best practices.
- Participate in the College's and the University's events and support collegiality.
- Serve in the College's and university's committees as needed.
Job Details
| Posted Date: | 2022-09-12 |
| Job Location: | Al Kuwait, Kuwait |
| Job Role: | Accounting and Auditing |
| Company Industry: | Higher Education |
Preferred Candidate
| Career Level: | Mid Career |
| Degree: | Bachelor's degree |
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