Senior Internal Audit Specialist
Location: Baku, Sumgait (based on audit plan)
Job summary:
- This position is responsible for proper execution and provision of supporting documentation to facilitate audit engagements, internal review activities, including process reviews, segregation of duties reviews, procedures reviews; for performing the whole audit cycle including the assessment of risks and control processes over the company operations’ effectiveness, reliability and compliance with all applicable directives and regulations.
- Involved in performing internal audit engagement work schedule, establishment of adequate criteria, work program and independent follow-up audits independently and under TL supervision. Responsible for closure/direct controlling of Audit Action Tracking Register and Quality Management System Registers with the purpose of maintaining them up-to-date and reflecting current situation.
Job duties
- Provide value-added advice and support to business partners on the creation or modification of policies, procedures, processes, products or services to ensure an appropriate level of internal control and compliance is maintained;
- Review the Company’s reports to check the trustworthiness and the compliance with the budget with the following share-up of the outcomes;
- Develop a thorough understanding of business processes in scope based on COSO framework for assigned audits and document the processes in flowcharts and/or process narratives. Identify and document inherent risks and controls within the business processes (to coach relevant staff accordingly);
- Develop a risk-based test plan by selecting appropriate audit approach, identify test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology; Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies;
- Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives. Identify and document control and process weaknesses and provide support for findings;
- Participate in close-out meetings with client at the end of fieldwork, providing clear explanations for identified issues;
- Preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the senior management;
- Involvement in reviewing the organization’s risk profile and complete annual audit programs, audit reports upon audit results, client responses, review of working papers and according to the instruction of the Team Leaders;
- Provide professional day-to-day execution of internal audit engagements and projects in line with global auditing standards such as IIA (Institute Internal of Auditors).;
- Ensure timely and effective closure of audit outcomes and support continual improvement within organization;
- Evaluation of the effectiveness of the internal controls and business processes designed to help management achieve operational, reporting, compliance, and strategic objectives;
- Preparation of all required arrangements (meetings, checklists, presentations, drafting reports, CAP files, results template etc.) in respect to conducting planned and/or unplanned urgent audits;
- Effectively communicate audit findings via meetings and email distributions with all required levels of the organization;
- Prepare work progress schedules in collaboration with the employees of other departments to submit to the Team Leaders;
- Monitor organizational processes to ensure procedural compliance to ‘get it right first time’;
- Provision of Internal Audit Statistical Reports, reports to the Team Leaders;
- Develop value added working relationships with process owners throughout all levels of the organization and challenge existing methods of work and suggest suitable alternatives, aimed at process improvement;
- Keep the Team Leaders updated if any discrepancies are revealed in the Company’s activities and undertake appropriate remedy actions as instructed
Requirements
Functional
- Strong understanding of entire flow of audit, reporting, investigation process
- Evaluate the internal control environment, and assess its adequacy for the needs of the organization
- Development of the engagement work program in the light of the analysis of business processes and units
- Ability of constructively questioning of issues
- Interpret and evaluate the roles and responsibilities of audit client members within the organization, and assess input to ensure cooperation with them
- Data mining and analytics
- In-depth understanding to be applied in complex circumstances
- Preferably be able to work in ERP applications independently (mainly, SAP)
- Must be independent user of MS Office Applications
- Should be able to use Office equipment
Behavioral
- Excellent communication and negotiation skills
- Professional presentation skills
- Cross-functional teams’ member
- Analytical and critical thinking
- Perfect analytical skills and flexibility to changing assignments
- Excellent planning, time management and control skills
- Creating effective working relationships within other departments
- Effective and strong problem-solving skills
- Health Safety and Environment oriented personality
Education and experience
- At least 3-4 years experiences in internal/external audit department in local or multinational companies
- Experience in auditing specific functions (e.g., procurement, finance, tax, operations, maintenance, health&safety&environment, production) is strongly required.
- Has to be graduated from economics, business administration or technical science, finance, or audit.
- Master’s degree is preferred.
- Advanced knowledge of Azerbaijani;
- Proficiency in English business language, essential for writing audit reports, communicating with stakeholders and understanding company documentations.
- Knowledge of additional languages is an advantage.
- CIA Certificate (Part 1 is required, Part 2 is a strong advantage) - Certified Internal Auditor under IIA
- ACCA - Association of Certified Chartered Accountants (preferable)
- ISO 9001:2015 Internal Auditor Certificate
- Awareness of COSO Internal Control and ERM frameworks for risk assessment and internal control evaluation
- CRMA Certificate - Certification in Risk Management Assurance (preferable)
Application procedure
Interested candidates can apply by clicking the link provided in the "Apply" button.
The above vacancy is addressed to nationals of Azerbaijan or with permanent residency in Azerbaijan. All eligible applications for the advertised post will be assessed and given equal opportunities.