Head of Audit at Andersen

The Head of Audit is responsible for organizing and managing internal audits according to audit plans and includes overseeing the process of audits, making recommendations on policies, and ensuring that the organization fulfils governmental obligations of compliance.

Job Details

• Develop and implement an annual audit plan and strategy aligned with the company’s objectives, risk profile, and regulatory requirements.
• Coordinate with senior management to identify key audit areas, prioritize audit activities, and allocate resources effectively.
• Update the audit plan as necessary based on changes in risk factors or regulatory updates.
• Lead and supervise a team of internal auditors in conducting comprehensive audits of financial transactions, inventory management, operational processes, and compliance activities.
• Ensure audits are conducted in accordance with professional standards, company policies, and regulatory requirements, meeting established timelines and budgets.
• Oversee audit fieldwork, review audit documentation, and ensure high-quality audit reports.
• Conduct risk assessments to identify and prioritize areas of potential risk within the retail business, including financial, operational, and compliance risks.
• Develop and implement effective risk mitigation strategies and recommend enhancements to internal controls.
• Monitor emerging risks and adjust audit strategies as necessary to address new or evolving threats.
• Evaluate the effectiveness of internal controls related to cash handling, inventory management, sales transactions, and other retail operations.
• Recommend improvements to strengthen the control environment and mitigate risks.
• Review and assess compliance with company policies, procedures, and regulatory standards, and monitor adherence to internal guidelines.
• Prepare and present detailed audit reports and findings to senior management, the audit committee, and other relevant stakeholders.
• Highlight areas of concern, control deficiencies, and opportunities for improvement.
• Communicate audit results, recommendations, and corrective actions clearly, and work collaboratively with management to implement solutions and resolve audit findings.
• Build and maintain strong relationships with senior management, department heads, store managers, and external auditors.
• Serve as a trusted advisor on audit-related matters and internal control enhancements.

Requirements

• Bachelor's degree in Accounting, Finance, Business Administration, or related field required; Master's degree or professional certification (e.g. ACA, ACCA, CISA) preferred.
• Minimum 10 years of experience in internal auditing, with at least 6 years of experience in a managerial or supervisory role, preferably within the retail industry.
• Strong knowledge of auditing principles, practices, and standards, with a focus on retail operations, financial controls, and compliance requirements.
• Excellent leadership and management skills, with the ability to lead and develop a team of internal auditors, foster collaboration, and drive results.
• Effective communication and interpersonal skills, with the ability to interact confidently with individuals at all levels of the organization and influence decision-making.
• Analytical mindset with strong problem-solving skills, attention to detail, and the ability to analyze complex data and information.
• Proficiency in audit software and tools, as well as Microsoft Office applications, including Excel, Word, and PowerPoint