Internal Audit Manager at Sifax Group

Job Objective:

To verify the financial status and operating procedures of the organization through a systematic program of audits. Interact with administrative and enforcement agencies, monitor systems, and solve problems.

Main Accountabilities:

Operational Responsibilities:

• Drive Internal Control/Audit’s change initiative by implementing action plans related to risk assessment, annual planning, audit execution, reporting, and technology.
• Prepare and present comprehensive reports reflecting audit results and document processes.
• Act as an objective source of independent advice to ensure validity, legality, and goal achievement.
• Identify loopholes, recommend risk aversion measures, and propose cost-saving strategies.
• Review and analyze data related to assets, liabilities, capital stock, surplus, income, and expenditures.
• Inspect account books and accounting systems for efficiency, effectiveness, and adherence to accepted accounting procedures.
• Examine and evaluate financial and information systems, recommending controls for system reliability and data integrity.
• Prepare, analyze, and verify annual reports, financial statements, and other records.
• Coordinate with external audit firms performing audits of the company’s financial statements.
• Develop and maintain Internal Audit Procedures to ensure the use of best practices.
• Produce up-to-date information using internal computer systems for real-time decision-making.
• Participate in the development, implementation, and maintenance of policies, objectives, and planning.
• Contribute to the team effort by accomplishing related results as needed.
• Conduct monthly reconciliation of sales from customers to invoice amounts using related bank statements.
• Liaise with company vendors.
• Perform any other duty as assigned by HOD and management.

Personal Development Responsibilities:

• Ensure attendance at relevant training, networking events, and conferences to stay updated on legislation and best practices.
• Engage in Continuous Professional Development with locally and internationally recognized accounting bodies.
• Gain knowledge of economic and accounting principles, financial markets, banking, and the analysis and reporting of financial data.
• Learn about principles and processes for providing customer and personal services, including customer needs assessment and satisfaction evaluation.

Strategic Responsibilities:

• Liaise with external vendors, training providers, external auditors, etc.
• Manage the company’s performance management process concerning business objectives and unit needs.

Key Performance Indicators:

• Quality and timeliness of reports.
• Quality and timeliness in generating accurate personnel statistical information for decision-making.
• Percentage of employees undergoing training per calendar year.
• Percentage of HR budget spent on training.
• Percentage of implemented knowledge-sharing sessions and feedback.

Job Specifications:

• Educational Qualification: BSc or HND in Accounting or related field.
• Professional Qualification: Relevant certifications/qualification by locally and internationally recognized Accounting regulatory body is mandatory.
• Work Experience: Minimum of 7 years’ relevant work experience in internal audit.

Technical Competencies:

• Good IT Systems Skills.
• Strong IT skills with the ability to utilize Microsoft Suite and existing ERP (Microsoft Dynamic- NAV).
• Excellent management of personnel and financial resources.

Behavioral Competencies:

• High Energy Level.
• Good verbal and written communication.
• Strong leadership qualities.
• Good negotiation skills.
• Organizational awareness & industry knowledge.
• Customer orientation.
• Attention to detail.
• Strong organizational skills with the ability to multitask.
• Confidence, friendliness, and approachability.
• Ability to work well under pressure and adapt to change.