Internal Auditor Capital Projects

About the Role

Alfanar is seeking an Internal Auditor Capital Projects to join their team in Riyadh, Riyadh. This full-time role involves conducting internal audit assignments to assess the effectiveness of governance, risk management, and internal control processes, with a focus on capital projects. The auditor will perform testing, identify control gaps, and provide reliable findings to support compliance and operational objectives.

Key Responsibilities

• Support the planning of assigned audit engagements in line with the approved internal audit plan.
• Review relevant policies, procedures, processes, and documentation.
• Develop an understanding of audited areas, objectives, key risks, and existing controls.
• Prepare audit procedures, checklists, and information requests under guidance.
• Perform financial, operational, compliance, and process audits across assigned business areas.
• Conduct control testing, data analysis, document reviews, interviews, and process walkthroughs.
• Evaluate compliance with approved policies, procedures, and applicable requirements.
• Assess the design, implementation, and operating effectiveness of internal controls.
• Obtain sufficient and reliable evidence to support audit observations and conclusions.
• Maintain accurate and complete audit working papers.
• Identify internal control weaknesses, compliance gaps, operational risks, and process inefficiencies.
• Analyze identified issues and determine their causes, risks, and business impact.
• Discuss preliminary observations with process owners and obtain clarification.
• Prepare clear audit observations and practical recommendations.
• Support the preparation of internal audit reports and presentations.
• Escalate significant risks, suspected irregularities, or sensitive matters promptly.
• Follow up with process owners on the implementation of agreed corrective actions.
• Review supporting evidence for the closure of audit findings.
• Maintain accurate records of open, overdue, and completed corrective actions.
• Report delays or inadequate corrective actions to senior auditors or managers.

Professional Standards and Conduct

• Perform audit activities in accordance with the internal audit methodology and professional standards.
• Maintain independence, objectivity, confidentiality, integrity, and professional conduct.
• Exercise due professional care and sound judgment throughout audit assignments.
• Continuously develop knowledge and skills required for effective audit responsibilities.

General Accountabilities

• Maintain updated soft and technical skills relevant to the job.
• Perform planned activities to meet operational and development targets as per schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide periodic reports detailing deviations and execution of planned tasks.
• Solve arising problems and escalate complex operational issues.
• Ensure quality requirements are met to develop effective quality control and processes.
• Coordinate well-defined written systems, policies, procedures, and seek automation opportunities.
• Comply with related policies, procedures, and work instructions.
• Ensure compliance with relevant safety, quality, and environmental management procedures.

Qualifications and Experience

Candidates should possess 2-5 years of relevant experience in internal audit, particularly within capital projects. The role requires a strong understanding of governance, risk management, and internal control frameworks.

Location and Work Type

This is a full-time position based in Riyadh, Riyadh.