Internal Audit Officer📣 Job Ad

About Red Sea International Company

Red Sea International Company is a Saudi Public Joint Stock Company with a history spanning four decades. The company encompasses Red Sea Housing Services (RSHS), Red Sea Affordable Housing (RSAH), and Red Sea Building Materials (RSBM). With a presence in over 65 countries, the company has established itself as a leader in off-site modular construction, known for its innovative building techniques and diversified product portfolio.

About the Internal Audit Officer Role

Red Sea International Company is seeking an Internal Audit Officer to join its team in Al Jubail, Eastern Region. This full-time role involves evaluating, monitoring, and enhancing the internal control environment, risk management frameworks, and operational processes across the company. The officer will coordinate with various operational, financial, and technical departments to ensure compliance with organizational policies, regulatory frameworks, and statutory standards. The position requires 2-5 years of experience in a relevant field.

Key Responsibilities

• Develop engagement time schedules and audit budgets based on internal audit standards, corporate policies, and regulatory frameworks.
• Monitor, track, and report the progress of internal audit reviews, control testing, and corrective action plans.
• Ensure full compliance with all statutory, regulatory, and corporate contract requirements.
• Develop technical solutions, audit strategies, and risk mitigation plans in corporate governance, financial control, and operational management.
• Research and issue internal audit reports, develop executive presentations, and propose automated audit software solutions.
• Ensure accuracy and accountability in coding, editing, and writing audit findings, formal reports, official letters, and management memos.
• Maintain detailed audit files, testing records, working papers, and documentation using applicable software systems and procedures.
• Assist with training internal staff and business units on internal control compliance and internal audit software tools.
• Support annual audit budgeting, resource allocation, and engagement scheduling.
• Review procurement processes for goods and services, including evaluations of vendor, consultant, and subcontractor selections.
• Communicate continuously with department heads, site supervisors, factory leads, and executive management.
• Analyze technical financial data, operational workflows, and project records to provide precise risk and cost-impact estimates.
• Ensure all audit assignments and special reviews are completed on time and strictly within approved audit budgets.
• Draft audit programs, control matrices, and process flowcharts using specialized audit software programs.
• Estimate audit engagement timescales, resource hours, and potential financial impact costs.
• Decide on appropriate internal audit methodologies, sampling techniques, and control testing strategies for each assignment stage.
• Oversee and audit accounts payable, accounts receivable, payroll, and general ledger operations.
• Attend and schedule audit entrance/exit meetings with department managers, external auditors, consultants, and executive leadership.
• Attend accounting and audit conferences to broaden professional knowledge, maintain professional credentials, and network.
• Maintain audit software licenses, digital tools, and audit hardware inventories.
• Perform other related duties and ad-hoc investigations as required and assigned.

Experience and Qualifications

• 3-6 years of experience in internal audit or a related field.
• Demonstrated understanding of internal audit standards, corporate policies, and regulatory frameworks.
• Proficiency in developing audit plans, preparing estimates, and managing field engagements.
• Ability to review contract compliance, inspect sites for procedural and safety compliance, and maintain audit schedules.

Work Environment

This is a full-time position based in Al Jubail, Eastern Region, Saudi Arabia. The role involves collaboration with various departments and external stakeholders, requiring strong communication and analytical skills.