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Job Description
KEY ACCOUNTABILITIES
DESCRIPTION
Financial Audit
§ Lead and develop the internalfinancial audit guidelines, methodologies, tools and plans (including the annual financial audit plan) to ensure exhaustiveness and consistency of financial audit practices across LCGPA.
§ Lead the Implementation of the internal financial audit policies, procedures, methodologies, systems and standards across LCGPA; conduct an annual review of policies, procedures, and methodologies and update the financial audit methodology and related documents to ensure alignment with SOCPA (Saudi Organization for Certified Public Accountants), the International Standards on Auditing (ISA) and the Generally Accepted Auditing Standards (GAAS).
§ Lead and perform financial audit activities as per the financial audit plan across the Authority’s divisions and functions, ensuring compliance to rules, guidelines, and policies; identify all non-conforming practices that need to be corrected.
§ Carry out a detailed audit of LCGPA’s financial reporting systems, account balances, cash flow statements, income statements, balance sheets, general ledger, internal control systems, and other related financial statements to ensure all financial practices are compliant with set policies and financial regulations and controls.
§ Ensure evaluating manual and automated financial processes to identify areas of operational weakness or non-compliance and resulting potential financial risks.
§ Provide support to external financial auditors to ensure smooth execution of external financial audits, with proper communication and exchange of information.
§ Lead and ensure conducting investigations to identify root causes of non-conforming financial practices and deviations; work with concerned function heads to develop and implement corrective and preventative action plans to remedy the identified issues in a timely manner and to prevent future occurrences.
§ Support in conducting follow up audits to monitor effectiveness of management interventions and applied corrective actions to fix identified deviations and to mitigate risks.
Policies, Systems, Processes, Procedures, Standards and Reports
§ Follow all relevant functional policies, processes, standard operating procedures and instructions to ensure that work is carried out in a controlled and consistent manner.
§ Assist in the preparation of timely and accurate reports and functional deliverables to meet the functional requirements in order to achieve the desired efficiency and performance excellence.
Related Tasks
§ Perform any other related tasks and duties as directed.
Technical Competencies
TECHNICAL COMPETENCIES
§ Budget Management - Basic
§ Corporate performance management - Basic
§ Strategic Planning - Basic
§ Develop policies and procedures - Basic
§ Quality Management - Basic
§ Relations Management - Proficient
§ Business and Report Writing - Proficient
§ Presentation skills - Proficient
§ Language Proficiency - Proficient
§ IT skills - Advanced
§ Data Management - Proficient
§ Internal Control and Compliance Management - Advanced
§ Internal Audit process - Advanced
§ Auditing Systems and Information Technology - Advanced
Education
Accounting, Finance or related fields
