Internal Audit Manager

Overview

A leading investment firm focused on real estate development in Dammam is seeking an Internal Audit Manager to build and lead the internal audit function from the ground up. This leadership role involves collaborating with external advisors during the initial establishment phase and subsequently managing the audit operations independently.

Key Responsibilities

• Lead the foundational engagement phase including establishing audit infrastructure, conducting enterprise risk assessments, and drafting a 3-year Risk-Based Internal Audit (RBIA) plan in partnership with external consultants.
• Review and ensure quality of all deliverables from external advisors, such as IA Charter, IA Manual, Risk and Controls Matrices, and risk registers before submission to the Audit Committee.
• Serve as the primary liaison between internal stakeholders and the external audit advisors, facilitating the flow of necessary information and access.
• Develop and implement a knowledge transfer plan to build internal audit capabilities progressively within the organization.
• Recruit and expand the internal audit team as the function evolves beyond its initial phase.
• Present progress updates and critical deliverables to the Audit Committee for approval and feedback.
• Design and execute the internal audit department's operational policies and plans aligned with strategic goals.
• Conduct routine audits to evaluate the adequacy of financial controls, governance, and risk management systems.
• Compile and deliver detailed audit reports with actionable recommendations to senior management and the board.
• Provide independent, objective advice to ensure compliance, validity, and achievement of organizational objectives.
• Track and ensure completion of corrective action plans responding to audit discoveries.
• Enhance the security and dependability of financial processes and data confidentiality.
• Offer guidance on adherence to legal, regulatory, and internal policies safeguarding corporate reputation.
• Identify and communicate emerging risks, advising executives on mitigation approaches to promote sustainability.

Qualifications and Requirements

• A bachelor's degree in Finance, Accounting, or a related discipline is essential.
• Minimum of eight years of relevant experience, including at least two years in a managerial role.
• Proven track record in establishing or transforming an internal audit function rather than merely operating one.
• Mandatory professional certifications such as CPA (Certified Public Accountant) or CIA (Certified Internal Auditor).
• Prior involvement with large real estate firms, investment entities, or Public Investment Fund-linked organizations is highly advantageous.
• Experience overseeing co-sourced or outsourced audit activities involving external advisors.
• Fluency in both Arabic and English languages is required.

Additional Information

The company provides a competitive salary and benefits package. Interested candidates fulfilling the above criteria are encouraged to submit applications promptly.