Internal Audit Manager

JOB PURPOSE:

The Internal Audit Manager is responsible for overseeing the internal audit function across all business segments. This role ensures adherence to IFRS and local regulations, identifies operational and financial risks, and recommends improvements to controls and processes. With a focus on integrity, efficiency, and value creation, the Internal Audit Manager will guide the organization through risk assessments, policy enhancements, compliance training, and strategic audit activities, ultimately supporting the Groups vision and goals.

RESPONSIBILTIES:

• Develop and implement a comprehensive annual audit plan covering financial, operational, IT, supply chain, and compliance audits across retail stores, restaurants, and manufacturing plants.
• Conduct preliminary assessments to determine audit scope and objectives for each audit engagement.
• Design and execute detailed audit programs and procedures, including test plans and sampling methodologies.
• Design and update audit programs and checklists to comply with IFRS, Pakistan regulations, and industry best practices.
• Ensure that audits address both financial accuracy and operational efficiency, including control effectiveness in procurement, inventory turnover, and cash flow management.
• Oversee regular and ad-hoc audits to evaluate the effectiveness of internal controls, detect inefficiencies, and recommend process improvements in operations, IT systems, and data integrity.
• Focus on critical areas: footwear and apparel inventory management, restaurant cost controls (ingredient sourcing, waste reduction), manufacturing quality and tendering integrity.
• Audit the accuracy and reliability of financial statements and accounting records.
• Test and assess internal controls over financial reporting.
• Verify the completeness and accuracy of financial transactions and records including but not limited to Cash, Cheque, Bank Transfer, Payroll, Expenses, Purchases, etc.
• Provide recommendations to enhance financial controls and reporting processes.
• Conduct enterprise-wide risk assessments for all segments, including inventory management, cash handling, tendering processes, food safety standards, and manufacturing quality controls.
• Identify potential legal and compliance risks, fraud indicators, and IT security gaps, developing robust mitigation strategies.
• Recommend risk mitigation strategies and control improvements to management.
• Monitor the implementation of risk management plans and corrective actions.
• Assess the adequacy and effectiveness of IT controls, including cybersecurity measures.
• Evaluate the security and reliability of information systems and data management practices.
• Conduct comprehensive IT audits, ensure regulatory compliance, and promptly address findings to protect the organizations information assets and mitigate risks.
• Prepare detailed audit reports with findings, recommendations, and action plans for each audit engagement.
• Present audit results to senior management and the Audit Committee, highlighting key issues and areas for improvement.
• Follow up on the implementation of audit recommendations and corrective actions, providing updates to management.
• Maintain open and effective communication channels with management and other stakeholders.
• Lead special investigations and projects as requested by senior management, including but not limited to due diligence reviews for mergers and acquisitions.
• Provide audit support for strategic initiatives and major projects, ensuring they align with the groups objectives and risk management strategies.
• Participate in cross-functional teams to address specific issues and challenges within the group.
• Collaborate with external auditors, regulatory bodies, and other stakeholders to ensure the groups audit and compliance objectives are met.
• Build and maintain strong relationships with management across the group companies to promote a culture of compliance and risk management.
• Manage and mentor a team of internal auditors, providing guidance, foster a culture of continuous improvement and support in their professional development
• Conduct performance evaluations and provide feedback to team members.
• Provide training and development opportunities to enhance team capabilities and keep abreast of industry best practices.
• Develop and implement fraud prevention and detection programs.
• Conduct investigations into suspected fraud, misconduct, and irregularities.
• Recommend control enhancements to prevent future occurrences of fraud.
• Provide training and awareness programs on fraud prevention for employees.
• Ensure the groups adherence to relevant laws, regulations, and industry standards.
• Review and assess the effectiveness of internal policies and procedures.
• Keep abreast of changes in regulatory requirements and advise management on necessary adjustments to compliance programs.
• Conduct compliance audits to verify adherence to legal and regulatory obligations.

Requirements:

• Education: CA Qualified/Finalist
• Minimum of 6-8 years of relevant experience in internal auditing
• Strong Grip on SAP B-1
• Strong knowledge of audit standards, risk management, and internal controls.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficient in audit software and Microsoft Office Suite.
• Strong communication and interpersonal skills.
• Analytical and problem solving skills.
• Attention to detail.
• Strategic Thinker

Job Type: Full-time

Pay: Rs200,000.00 - Rs250,000.00 per month

Work Location: In person

Information :

• Company : AppedologyPK Recruitment
• Position : Internal Audit Manager
• Location : Lahore Ferozepur Road
• Country : PK