Job Vacancy

Title: Internal Auditor

Company: FENAKA Corporation Limited / Male’

Salary Range (with allowances):Negotiable

Qualification and Experience required

Bachelor Degree in Accounting, Finance, Banking or related field or professional qualification in Accounting

Minimum 6 - 8 years of experience in Internal Audit preferably in an audit firm

General Function: 

• Plan and conduct operational, financial and compliance audits to evaluate the effectiveness on internal controls.
• Determine compliance with company’s internal policies and procedures, laws and regulations, and other relevant laws and regulations.
• Make written recommendations to management to increase efficiency and/or effectiveness of the control systems of functions reviewed.
• Perform special investigations as requested by the Managing Director or Audit Committee.
• Consult with managers and staff at all levels to promote good business practices.

Specific Duties and Responsibilities:

1. Plan and conduct audits to assess controls, operational efficiencies and compliance with selected policies, procedures and regulations.
2. Resolve audit problems that occur and develop modifications to coverage and schedule.
3. Ensure work papers are adequately documented and audit evidence is sufficient.
4. Prepare accurate audit reports for the Audit Committee/Managing Director.
5. Elicit information from knowledgeable internal/external sources about areas and functions to determine appropriate audit direction/methodology.
6. Conduct research on all pertinent data (law, current issues, work papers, reports) and keep abreast of legislative issues, new audit regulations/trends and audit methodology.
7. Discuss any relevant updates of new regulations with Managing Director, Head of Departments and relevant staff.
8. Develop annual audit plan and submit to Audit Committee for review and approval.
9. Assist external auditors as appropriate and help in coordinating the company’s response to audit findings and recommendations.
10. Visit branch and other departments to verify compliance with required Policies and Procedure Manuals.
11. All the department shall be audit by at the end of each financial year. Auditor should present recommendations and necessary actions to audit committee periodically.
12. Auditor’s appointee should represent all the tender opening of procurement department.
13. Conduct periodic training workshops to promote awareness of internal controls and to discuss changes in policies that will impact the system flow of information.
14. Participate in committees or task forces geared to policy/procedure development and operational improvements.
15. Supervise and guide staff in support of the company’s mission and audit initiatives.

FENAKA Corporation Limited

Port Complex Building, 7^th floor

Hilaalee Magu,

Male’ 20307

Republic of Maldives

Tel: (960)3307555,

Fax: +960 3317104,

Email: [email protected]

www.fenaka.com.mv

01^st November 2016