Head, Internal Auditor (Manufacturing)Lorache Consulting

Key Responsibilities
Internal Audit Planning:

• Collaborate with management to develop an annual internal audit plan based on identified risks, business objectives, and regulatory requirements.
• Conduct risk assessments and identify areas of potential control weaknesses or non-compliance.
• Determine the scope of audits and establish appropriate audit objectives and procedures.

Audit Execution:

• Perform detailed audit procedures, including interviews, documentation review, observation, and data analysis, to evaluate the effectiveness of internal controls, operational processes, and financial reporting.
• Identify and assess risks, control gaps, and areas for improvement.
• Evaluate compliance with relevant laws, regulations, and industry standards.
• Test and analyze financial transactions, accounts, and records to ensure accuracy and integrity.
• Document audit findings, prepare clear and concise audit reports, and communicate recommendations to management.

Risk Management and Compliance:

• Assist in the development and implementation of risk management strategies and processes.
• Monitor compliance with company policies, procedures, and internal control frameworks.
• Identify and assess emerging risks and provide recommendations to mitigate them.
• Stay updated on regulatory changes and industry best practices to ensure compliance.

Process Improvement:

• Identify opportunities to enhance operational efficiency and effectiveness.
• Recommend improvements in internal controls, risk management processes, and business operations.
• Collaborate with management to implement approved recommendations.

Stakeholder Engagement:

• Build effective working relationships with management and stakeholders across the organization.
• Provide guidance and support to management in addressing audit findings and implementing corrective actions.
• Conduct follow-up audits to ensure the implementation and effectiveness of corrective actions.

Qualifications and Skills

• Bachelor's Degree in Accounting, Finance, Business Administration, or a related field. Professional certifications such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Certified Fraud Examiner (CFE) are desirable.
• Proven experience in internal audit, preferably within the manufacturing industry.
• Strong knowledge of internal control principles, risk management frameworks, and auditing standards.
• Familiarity with financial accounting principles and practices.
• Proficiency in using audit software, data analysis tools, and MS Office applications.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and ability to work independently.
• Effective communication and interpersonal skills to interact with stakeholders at various levels.
• Ability to prioritize tasks, meet deadlines and manage multiple projects simultaneously.