Internal Audit Manager

Job Summary: The Internal Audit Manager is accountable for the overall planning, coordination, and execution of internal audits across Technical and Financial functions, with the goal of evaluating and improving internal control effectiveness, risk management, and governance processes. The role supervises audit staff, works closely with process owners and leadership, and ensures timely and accurate reporting of audit findings. The position also plays a key leadership role in shaping audit strategies, mentoring the team, and driving compliance and operational excellence.

KEY FUNCTIONS/DUTIES AND RESPONSIBILITIES:

TECHNICAL AUDIT

1. Construction Audit

• Evaluate project controls, budget management, progress billing accuracy, and project timeline adherence across various construction projects.
• Review contracts and subcontracts for compliance with company policies and relevant regulations.
• Identify cost variances, change order controls, and efficiency improvement areas.
• Assess the adequacy of monitoring procedures on-site and validate work completion status versus billings.

2. Inventory and Asset Audit

• Conduct regular and surprise physical inventory counts and reconcile with system records.
• Evaluate the effectiveness of inventory tracking systems and controls across warehouses, project sites, and central storage.
• Verify asset registration, tagging, depreciation tracking, and disposal protocols.
• Review procedures for procurement, usage, transfers, and disposal to ensure control and minimize loss or misuse.

3. Inspectorate Oversight

• Supervise the inspectorate team performing technical inspections, quality control, and standards compliance audits at sites and facilities.
• Ensure field inspections follow safety, regulatory, and engineering standards.
• Review inspection reports and coordinate necessary follow-ups or escalations with concerned departments.
• Promote continuous improvement and objectivity within the inspectorate process.

FINANCIAL AUDIT 

4. Operations Audit

• Review end-to-end business processes (e.g., procurement, sales, HR, logistics) for efficiency, effectiveness, and compliance.
• Identify process gaps and recommend enhancements to improve controls and reduce inefficiencies.
• Assess key performance indicators and their alignment with organizational goals.

5. Financial Audit (10%)

• Examine financial statements and accounting records to ensure accuracy, completeness, and compliance with relevant standards (e.g., PFRS, IFRS).
• Evaluate internal financial controls and segregation of duties.
• Analyze financial transactions and balance sheet accounts for red flags or anomalies.

6. Fraud Audit (10%)

• Lead investigations on potential fraudulent activities, including misappropriation of assets, unethical behavior, or regulatory violations.
• Perform root cause analysis and develop preventive audit controls.
• Coordinate with Legal, Compliance, and HR when necessary for disciplinary or legal action.

7. Documentation Audit (10%)

• Review completeness, accuracy, and compliance of organizational documentation including contracts, permits, licenses, and policy records.
• Verify proper record-keeping practices in accordance with internal and regulatory requirements.
• Recommend document control improvements to reduce legal and compliance risks.

LEADERSHIP AND STRATEGY

• Manage, coach, and develop a high-performing audit team.
• Drive the annual risk-based audit plan and ensure effective audit execution.
• Report audit findings to management and Audit Committee with practical action plans.
• Promote a culture of integrity, accountability, and continuous improvement.
• Stay informed on best practices, regulatory changes, and audit technologies

EDUCATION, TRAININGS, LICENSES REQUIRED:

1. Bachelors Degree in Accountancy, Finance, Engineering, or a related field.
2. CPA, CIA, or equivalent professional certification preferred.
3. At least 8 years of relevant audit experience, with a minimum of 3 years in a managerial role.
4. Deep understanding of technical and financial audit standards and risk assessment methodologies.
5. Experience in leading construction or infrastructure-related audits is a plus.