Alomar Holding Company
Senior Internal Audit Specialist
full timeseniorRiyadh, Saudi Arabia5 days ago
17,640-31,360 AED/mo
Finance & AccountingJob Description
Reporting Line: Internal Audit Functionally to the Audit Committee Location: Riyadh, Saudi Arabia Employment Type: Full-time | On-site About the Role We are seeking a detail-oriented and independent Senior Internal Audit Specialist to support the internal audit function of Alomar Holding Company and its subsidiaries. Key Responsibilities - Execute approved risk-based internal audit assignments across the holding company and its subsidiaries. - Review financial, operational, procurement, HR, project, and compliance processes. - Assess the design and effectiveness of internal controls, approval workflows, delegated authorities, policies, and procedures. - Audit payment cycles, procurement activities, contracts, vendor onboarding, receivables, payroll, fixed assets, inventory, and cash management. - Review project controls including budgets, BOQs, variations, contractor payments, tender evaluations, cost overruns, and project documentation. - Identify control gaps, compliance breaches, financial risks, operational inefficiencies, and potential fraud indicators. - Prepare audit working papers, evidence files, audit observations, risk ratings, root-cause analysis, and recommended corrective actions. - Draft clear audit reports and presentations for management and the Audit Committee. - Maintain audit findings trackers and follow up with responsible departments until corrective actions are closed. - Support investigations related to suspected fraud, policy violations, conflicts of interest, or financial irregularities. - Assist in preparing the annual audit plan, audit universe, risk assessments, and periodic Audit Committee reporting. - Maintain confidentiality, professional skepticism, and independence throughout all audit engagements.
Requirements
- Mandatory Requirements
- - Bachelor’s degree in Accounting, Finance, Internal Audit, Business Administration, or a related field.
- - Minimum 5 years of relevant experience in internal audit, external audit, risk, compliance, or financial controls.
- - Minimum 2 years of direct internal audit experience.
- - Practical experience auditing financial controls, procurement, payment cycles, contracts, payroll, and operational processes.
- - Strong understanding of internal control principles, risk assessment, audit documentation, and audit reporting.
- - Strong Excel skills.
- - Business-fluent English.
- - Eligible to work in Saudi Arabia.
- Preferred Qualifications
- - CIA, SOCPA, CPA, ACCA, CISA, or CRMA certification, or progress toward one of these certifications.
- - Experience auditing multiple entities, subsidiaries, or a group structure.
- - Experience in real estate, construction, contracting, investment, or diversified holding groups.
- - Experience using ERP systems such as Odoo, SAP, Oracle, Microsoft Dynamics, or similar.
- - Familiarity with Saudi compliance requirements, VAT, ZATCA controls, and corporate governance practices.
- - Proficiency in Arabic.
- - Available to join within 30–60 days.
- What We Are Looking For
- - Able to independently conduct audits while maintaining objectivity and escalating significant issues appropriately.
- - Excellent report writing, documentation, and stakeholder communication skills, with experience preparing clear, evidence-based audit reports, presentations, and audit follow-up updates for senior leadership and the Audit Committee.
- - Comfortable presenting significant audit findings, control weaknesses, high-risk issues, and overdue corrective actions to the Audit Committee.
- - Comfortable engaging with CEOs, CFOs, finance, procurement, HR, operations, project teams, and subsidiary management to obtain audit evidence and follow up on remediation actions.
Responsibilities
Execute approved risk-based internal audit assignments across the holding company and its subsidiaries. Review financial, operational, procurement, HR, project, and compliance processes. Assess the design and effectiveness of internal controls, approval workflows, delegated authorities, policies, and procedures. Audit payment cycles, procurement activities, contracts, vendor onboarding, receivables, payroll, fixed assets, inventory, and cash management. Review project controls including budgets, BOQs, variations, contractor payments, tender evaluations, cost overruns, and project documentation. Identify control gaps, compliance breaches, financial risks, operational inefficiencies, and potential fraud indicators. Prepare audit working papers, evidence files, audit observations, risk ratings, root-cause analysis, and recommended corrective actions. Draft clear audit reports and presentations for management and the Audit Committee. Maintain audit findings trackers and follow up with responsible departments until corrective actions are closed. Support investigations related to suspected fraud, policy violations, conflicts of interest, or financial irregularities. Assist in preparing the annual audit plan, audit universe, risk assessments, and periodic Audit Committee reporting. Maintain confidentiality, professional skepticism, and independence throughout all audit engagements.
Skills Required
Internal auditRisk assessmentControl testingProcurement auditingPayroll auditingContracts auditingProject controlsAudit reportingInvestigation supportERP systems (Odoo, SAP, Oracle, Microsoft Dynamics or similar)Microsoft ExcelFinancial controlsDocumentation and evidence gatheringStakeholder communication