Internal Auditor at Elvaridah

Job Responsibilities

Audit Planning:

• Develop comprehensive audit plans that outline the scope, objectives, and methodology of each audit.
• Assess risks and identify areas for examination.

Financial Audits:

• Review financial statements, ledgers, and transactions to ensure accuracy, completeness, and compliance with accounting principles and standards.
• Identify discrepancies or irregularities and recommend corrective actions.

Operational Audits:

• Examine operational processes, procedures, and internal controls to ensure efficiency, effectiveness, and alignment with organizational goals.
• Identify areas for improvement and recommend changes to enhance performance.
• Assess operational processes in the production and distribution of bedding products.
• Identify inefficiencies, bottlenecks, and opportunities for improvement in the manufacturing and logistics processes.

Risk Assessment:

• Identify potential risks, vulnerabilities, and weaknesses within the organization.
• Develop risk mitigation strategies and internal control measures

Documentation:

• Maintain comprehensive audit documentation, including workpapers, findings, and recommendations.
• Ensure that documentation adheres to professional standards and is organized for review and references.

Reporting:

• Prepare audit reports that summarize findings, highlight areas of concern, and offer recommendations for improvement.
• Present audit results to senior management, the board of directors, or audit committees.

Vendor and Supplier Audits:

• Evaluate relationships with bedding suppliers and manufacturers. Assess contracts, pricing agreements, and delivery terms to ensure they are advantageous for the company.
• Identify opportunities for cost savings and efficiency improvements in the supply chain.

Inventory Management:

• Examine inventory records and procedures to confirm proper stock control and prevent shrinkage or losses.
• Verify inventory valuation methods and assess compliance with industry best practices.

Requirements

• A Bachelor's Degree in Accounting, Finance or a related field.
• A deep understanding of audit principles.
• Proficiency in accounting principles, financial analysis, and financial reporting.
• Strong analytical skills and the ability to analyze data, identify trends, and draw conclusions.
• Effective written and verbal communication skills for preparing audit reports and interacting with stakeholders.
• Familiarity with audit software, data analysis tools, and general computer skills.
• Familiarity with relevant regulations, industry standards, and compliance requirements.
• A meticulous approach to auditing to ensure accuracy and completeness.
• Adherence to ethical standards and objectivity in auditing practices.