Internal Auditor Capital Projects

About the Role

Alfanar is seeking an Internal Auditor for Capital Projects to join their team in Riyadh, Saudi Arabia. This full-time role involves conducting internal audit assignments to assess the effectiveness of governance, risk management, and internal control processes. The Internal Auditor will perform audit testing, identify control gaps, and propose improvements to support compliance and operational effectiveness.

Key Responsibilities

• Support the planning of assigned audit engagements in accordance with the approved internal audit plan.
• Review relevant policies, procedures, processes, reports, and supporting documentation.
• Develop an understanding of the audited area, its 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, delegated authorities, 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, complete, and properly referenced audit working papers.
• Identify internal control weaknesses, compliance gaps, operational risks, and process inefficiencies.
• Analyze identified issues and support the determination of their causes, risks, and business impact.
• Discuss preliminary observations with process owners and obtain supporting clarification.
• Prepare clear audit observations and practical recommendations for review.
• Support the preparation of internal audit reports and presentations.
• Promptly escalate significant risks, suspected irregularities, or sensitive matters.
• Follow up with process owners on the implementation of agreed corrective actions.
• Review supporting evidence provided for the closure of audit findings.
• Maintain accurate records of open, overdue, and completed corrective actions.
• Report delays or inadequate corrective actions to the Senior Internal Auditor or Audit Manager.

Professional Standards and Conduct

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

General Accountabilities

• Obtain updated soft and technical skills relevant to the job.
• Perform planned activities to meet operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide periodic reports detailing deviations and execution of planned tasks.
• Solve related problems and escalate complex operational issues.
• Ensure quality requirements 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 and controls.

Qualifications and Experience

Candidates should possess 2-5 years of relevant experience in internal auditing, particularly within capital projects. The role requires a strong understanding of audit methodologies and professional standards.

Location

This full-time position is based in Riyadh, Riyadh, Saudi Arabia.