Senior Internal Auditor

About Albawani

Albawani, established in 1991 and headquartered in Riyadh, Saudi Arabia, is a prominent construction and contracting company. The company has evolved into a diversified group with operations spanning construction, infrastructure, engineering, water and power, and industrial services. Albawani is recognized for its commitment to quality, safety, and innovation in delivering large-scale commercial, healthcare, educational, and government projects across the Kingdom.

The Role: Senior Internal Auditor

The Senior Internal Auditor is responsible for conducting risk-based internal audit engagements. This full-time position, based in Riyadh, Saudi Arabia, focuses on evaluating the effectiveness of governance, risk management, and internal control processes. The role provides independent and objective assurance to senior management and the Audit Committee, ensuring risks are appropriately managed and organizational objectives are met.

Key Responsibilities

• Participate in developing the annual risk-based internal audit plan.
• Conduct financial, operational, and compliance audits across all departments.
• Execute audit fieldwork in accordance with IIA standards and prepare detailed audit workpapers and documentation.
• Identify control deficiencies and areas of risk exposure.
• Perform enterprise-wide risk assessments and evaluate the effectiveness of risk management frameworks (ERM).
• Identify emerging risks and recommend mitigation strategies, supporting management in enhancing risk awareness and controls.
• Assess the design and effectiveness of internal controls based on the COSO framework, evaluating financial and operational control processes.
• Recommend improvements to strengthen the control environment and conduct follow-up audits on remediation plans.
• Prepare clear, concise, and professional audit reports, communicating findings to management and senior leadership.
• Present audit results to the Audit Committee when required and ensure alignment on corrective action plans.
• Assess governance structures and decision-making processes.
• Stay updated with IIA standards, regulations, and industry practices, contributing to the continuous improvement of audit methodologies.
• Mentor junior auditors and support team development.

Qualifications and Experience

• Bachelor’s degree in Accounting, Finance, or a related field.
• 5-8 years of experience in internal auditing or related fields.
• Professional certification: CIA required. CPA, ACCA, or CISA preferred.
• Good knowledge of IIA standards, risk management, and the COSO framework.
• Experience in auditing financial, operational, compliance processes, and ERP environments and process automation is preferred.
• Familiarity with ERP systems (*, SAP, Oracle) is a plus.

Required Skills

• Ability to identify risks and control gaps and provide recommendations.
• Strong analytical and problem-solving skills.
• Proficiency in data analysis tools (*, Excel, Power BI).
• Strong audit documentation and report writing skills.
• Good verbal and written communication skills.