Internal Audit Manager📣 Job Ad

About the Role

Reef Group is seeking an experienced and analytical Internal Audit Manager to lead the internal audit function in Riyadh. This full-time position is crucial for strengthening risk management and internal control practices across the Group and its subsidiaries, ensuring adherence to the highest standards of governance, transparency, and accountability.

Key Responsibilities

The Internal Audit Manager will be responsible for developing and executing a risk-based annual internal audit plan, conducting independent reviews of financial and operational activities, and reporting findings to executive management and the Audit Committee. This role is instrumental in enhancing internal controls, improving operational efficiency, and ensuring compliance with approved policies and procedures.

• Develop and maintain the annual risk-based internal audit plan, securing approval from the Audit Committee.
• Ensure comprehensive audit coverage across financial, operational, compliance, and governance areas within the Group and its subsidiaries.
• Assess financial, operational, and regulatory risks, updating risk and control matrices in coordination with relevant departments.
• Conduct scheduled and surprise audits across departments, branches, and business activities.
• Evaluate the effectiveness of internal controls and financial and operational procedures.
• Review accounting records, financial transactions, and reporting processes for accuracy and compliance.
• Identify control weaknesses, policy deviations, and root causes of issues, providing practical corrective and preventive recommendations.
• Monitor the implementation of audit recommendations and verify effective closure within agreed timelines.
• Prepare and present audit reports, risk assessments, and recommendations to executive management and the Audit Committee.
• Coordinate with external auditors to ensure effective collaboration and avoid duplication of work.
• Support the enhancement of policies and procedures to strengthen governance and institutional compliance.
• Design and apply proactive audit tools using data analysis and performance indicators.
• Evaluate operational efficiency and identify opportunities for improvement.
• Participate in reviewing major projects and strategic initiatives from a risk and control perspective.
• Develop audit methodologies and implement modern audit and analytics tools such as ACL and Power BI.
• Maintain full independence, objectivity, and confidentiality in all audit activities.
• Perform additional audit and oversight duties as assigned by the Group CEO or Audit Committee within approved authorities.

Qualifications and Requirements

The ideal candidate will possess the following qualifications and experience:

• A Bachelor's degree in Accounting, Finance, or a related field.
• 5-10 years of relevant experience in internal audit, risk management, or internal controls.
• Strong knowledge of the International Standards for the Professional Practice of Internal Auditing (IIA Standards).
• A professional certification in Internal Auditing (CIA) is highly preferred.
• Experience in enterprise risk management (ERM), governance, and compliance frameworks.

Technical Skills

Proficiency in the following technical areas is expected:

• Expertise in preparing and executing annual audit plans.
• Strong analytical skills for evaluating risks and internal controls.
• Solid understanding of financial and operational policies and procedures.
• Experience in tracking and closing audit findings effectively.
• Proficiency in audit analytics tools such as ACL, Power BI, and Excel.
• Excellent report writing and presentation skills for executive leadership and the Audit Committee.

Performance and Work Environment

Performance will be evaluated based on approved Key Performance Indicators (KPIs), including the execution of the annual audit plan, timely closure of audit findings, effectiveness of internal controls, quality of audit reports and recommendations, and improvement in compliance levels across the organization. This is a full-time role based in Riyadh. The Internal Audit Manager will play a critical leadership role in safeguarding the organization's integrity and strengthening governance practices, with opportunities to work directly with executive leadership and the Audit Committee.