Director of Internal Audit

Job Opportunity: Director of Internal Audit

Description:

The Director of Internal Audit is responsible for leading a comprehensive audit program, performing advanced-level professional internal auditing work as part of the corporate governance structure. Key responsibilities include directing performance, financial, and compliance audit projects across all locations.

Responsibilities:

• Develops department objectives based on medium-term goals and monitors progress regularly.
• Guides audit staff in planning, organizing, directing, and monitoring internal audit operations, including training and evaluating staff, and taking corrective actions to address performance issues.
• Directs identification and evaluation of risk areas, overseeing development of the annual Audit Plan.
• Identifies improvement and cost savings opportunities, prepares audit findings, and makes suitable recommendations.
• Interacts with team to prepare annual plan for internal audit activities to meet set objectives.
• Discusses annual audit plan with statutory auditors and obtains approval from the Audit Committee.
• Develops audit plans for individual auditors and assigns tasks to meet requirements.
• Sends communication on the annual audit plan to concerned auditees, ensuring presence during auditing.
• Develops audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting processes and procedures.
• Reviews and verifies audit reports submitted by team members at regular intervals.
• Consolidates audit reports and presents them to management monthly.
• Verifies and sends reports to the Audit Committee on corrective actions taken for major deviation areas/points.
• Coordinates with external auditors for internal auditing of regions/warehouses, ensuring adherence to the plan.
• Conducts comprehensive audits across divisions to enhance operational efficiency, compliance, and financial reliability.
• Represents internal audit at management meetings and with external organizations.
• Prepares annual budget (manpower, capex, and revenue) for the internal audit section and forwards to the director-in-charge for review.
• Monitors and controls operating budget for the Internal Audit Department (Revenue and Capital Budget).
• Communicates audit results via written reports and oral presentations to management and the Board of Directors.
• Provides professional guidance to the audit team in identifying, developing, and documenting audit issues and recommendations.
• Pursues professional development opportunities, including internal and external training and professional association memberships, sharing information gained with the audit team.
• Recommends or nominates team members for training programs to enhance knowledge and skills.
• Recruits and supports HR in acquiring the right talent for the section.

Required Skills and Qualifications:

• Strong understanding of internal control frameworks, including developing risk control matrices, guiding the team, and performing control assessments.
• ERP or particularly SAP knowledge is mandatory.
• Ability to develop, implement, and maintain a delegation of authority manual to ensure clear lines of accountability.
• Proficiency in data analytics tools for maintaining existing exception reports and developing new ones.
• Skilled at delivering clear, concise presentations on complex topics, ensuring tactful communication with the Board.
• Maintain excellent business report writing skills to translate technical IT reports from IT auditors into clear, concise reports for the Audit Committee.
• Effective communication and relationship building skills to understand concerns and communicate clearly with both the Audit Committee and Management.
• Internal audits and manufacturing operations are preferred.
• International travel audit exposure by geo region is desired.
• Preferred Certified Internal Auditor (CIA) and/or Certified Information Systems Auditor (CISA) certifications.

Benefits:

This role offers a challenging and rewarding opportunity to contribute to the success of our organization. The successful candidate will have the opportunity to work with a talented team of professionals, develop their skills and expertise, and make a meaningful impact on our organization's strategic direction.

Others:

Qualified Chartered Accountant (CA's) mandatory with 18-25 years of experience in Internal audit, risk management, and compliance. Manufacturing industry experience is desirable.