Senior Internal Auditor

About Albawani

Albawani, established in 1991 and based in Riyadh, Saudi Arabia, has evolved into a leading diversified construction and contracting company. It operates across construction, infrastructure, engineering, water and power, and industrial services. Renowned for quality, safety, and innovation, Albawani holds various international ISO certifications and boasts a Class-1 contractor ranking within Saudi Arabia. The company manages large-scale commercial, healthcare, educational, and government projects throughout the Kingdom.

Role Overview

The Senior Internal Auditor is tasked with performing risk-based internal audits to critically assess governance, risk management, and internal controls within the organization. This role ensures senior leadership and the Audit Committee receive independent, objective assurance that risks are managed effectively and organizational goals are met.

Key Responsibilities

• Contribute to the creation of the annual risk-focused internal audit plan.
• Perform comprehensive audits covering financial, operational, and compliance areas across all departments.
• Conduct audit fieldwork in compliance with Institute of Internal Auditors (IIA) standards.
• Produce detailed audit documentation and workpapers.
• Detect internal control weaknesses and potential risk exposures.
• Lead enterprise-wide risk evaluation activities.
• Review and assess the effectiveness of Enterprise Risk Management (ERM) frameworks.
• Identify new risks and suggest mitigation methods.
• Support management efforts to enhance risk awareness and control measures.
• Evaluate internal control design and operational effectiveness following the COSO framework.
• Assess financial and operational control mechanisms.
• Advise on improvements to reinforce the organization's control environment.
• Carry out follow-up audits to monitor remedial actions.
• Draft clear, professional audit reports to communicate findings.
• Present audit outcomes to management and, when necessary, the Audit Committee.
• Ensure consensus on corrective actions among stakeholders.
• Review and evaluate governance structures and decision-making processes.
• Keep updated with relevant IIA standards, laws, and industry best practices.
• Participate in refining audit methodologies for continual improvement.
• Provide mentorship to junior auditors and assist in their professional development.

Qualifications and Requirements

• A minimum of 5 to 8 years of experience in internal auditing or related disciplines.
• Thorough understanding of IIA auditing standards, risk management principles, and COSO internal control framework.
• Experience performing audits that include financial, operational, and compliance aspects, preferably with ERP systems and automation processes.
• Capable of identifying control deficiencies and recommending corrective actions.
• Proficient analytical thinking and strong problem-solving abilities.
• Familiarity with ERP platforms such as SAP and Oracle is advantageous.
• Excellent communication and report writing capabilities.
• Bachelor's degree in Accounting, Finance, or relevant field.
• Certified Internal Auditor (CIA) credential is mandatory.
• Additional certifications such as CPA, ACCA, or CISA are preferred.
• Competence in performing risk assessments and planning audits based on risk.
• Experience with data analysis tools including Microsoft Excel and Power BI.