Job Specification

  • Number of Vacancies: 1
  • Job Type: Full-time
  • Experience: Minimum: 10+ years
  • Industry: Insurance
  • Nationalities: Open to all nationalities residing within KSA with a transferrable Iqama

Job Summary

  • Functional Area: Audit
  • Location: Riyadh, Saudi Arabia
  • Job Role: Head of Internal Audit
  • Reporting to: Audit Committee, CEO (Administratively)

Job Duties and Responsibilities

  • Directs the identification and evaluation of the Company’s risk areas and oversees the development of the annual audit plan.
  • Represents internal audit at management and Audit Committee meetings and with external organizations.
  • Directs audit staff in the planning, organizing, directing and monitoring of internal audit operations, including assisting in hiring, training and evaluating staff; and taking corrective actions to address performance problems.
  • Directs the overall performance of audit procedures, including identifying and defining issues, developing criteria, reviewing and analysing evidence, and documenting auditee’s processes and procedures.
  • Directs the audit staff in conducting interviews, reviewing documents, developing and administering surveys, composing summary memos, and preparing working papers.
  • Directs the audit staff in the identification, development, and documentation of audit issues and recommendations.
  • Performs related work as assigned by the Audit Committee.
  • Pursues professional development opportunities, including internal and external training and professional association memberships, and shares information gained with co-workers.
  • Represents internal audit at management and Audit Committee meetings and with external organizations.
  • Works as the Head of Internal Audit Department and strictly following of Approved Audit plan and reporting to the Audit Committee through findings of the periodical Audit reports (compliance with audit plan, periodical reports to BOD, follow-upon the exceptions)
  • Interactions with external (SAMA, External Auditors) and Internal (audit committee, CEO, division heads, branch heads, compliance, risk) stakeholders

Performance Measures

  • Advanced level professional internal auditing work as a key component of the Company’s governance structure.
  • Directing a comprehensive audit program including performance, financial, and compliance audit projects.
  • Providing consulting services to the Company’s management and staff.
  • Providing direction to development of the annual audit plan.
  • Maintaining the Company’s professional ethical standards.
  • Working independently with extensive latitude for initiative and independent judgment.

Minimum Qualifications/Experience/Requirements

  • Bachelor’s degree (in accounting, business administration public administration, or a relate field) from an accredited college or university.
  • Certification as a Certified Internal Auditor (CIA) Certified Public Accountant (CPA) Chartered Accountant (CA), or equivalent

Interested candidates please send your CV and contact details to referencing ‘Head of Internal Audit – Insurance’ in the subject