Senior Internal Auditior at Human Capital Partners (HCP)

Job Summary

• We are looking for an experienced Internal Auditor who would be responsible for independently evaluating the effectiveness of internal controls, assessing compliance with industry regulations and company policies, and identifying potential risks across the midstream operations, including pipeline transportation, storage, and logistics, by conducting financial, operational, and compliance audits, with a focus on areas like revenue leakage, inventory management, and regulatory adherence, while providing recommendations for process improvements and risk mitigation strategies.

Key Responsibilities
Risk Assessment and Audit Planning:

• Conduct comprehensive risk assessments to identify key areas of concern within the midstream operations, considering factors like operational efficiency, regulatory compliance, and financial integrity.
• Develop and implement annual internal audit plans based on identified risks, aligning with industry standards and company objectives.

Audit Execution:

• Perform financial, operational, and compliance audits across the midstream value chain, including pipeline operations, storage facilities, and transportation logistics.
• Review accounting records, operational data, and supporting documentation to assess the adequacy of internal controls and compliance with relevant regulations.
• Conduct field audits at operational sites to verify physical inventory and operational procedures.

Compliance Focus:

• Ensure adherence to applicable regulations and industry standards, including those related to pipeline safety, environmental protection, and transportation of hazardous materials.
• Monitor regulatory changes and update audit procedures accordingly.

Key Audit Areas:

• Revenue cycle management: Analyse billing, invoicing, and revenue collection processes to identify potential leakages.
• Inventory management: Assess inventory accuracy, controls over stock transfers, and potential losses.
• Procurement and contracts: Evaluate the procurement process, contract compliance, and potential conflicts of interest.
• Operational efficiency: Review operational procedures, performance metrics, and identify opportunities for improvement.

Reporting and Communication:

• Prepare detailed audit reports documenting findings, root causes, and recommendations for corrective actions.
• Communicate audit results to management, highlighting critical risks and areas for improvement.
• Follow up on action plans to ensure implementation of corrective actions.

Required Skills and Qualifications

• Bachelor's Degree in Accounting, Finance, or a related field with 12 years experience.
• Professional certification as a Certified Internal Auditor (CIA) preferred.
• Proven experience in internal auditing, with a strong understanding of midstream oil and gas operations.
• Knowledge of relevant industry regulations and standards (e.g., PHMSA, API).
• Strong analytical and problem-solving skills.
• Excellent communication and report writing abilities.
• Ability to work independently and as part of a team.