Internal Auditor

Job Summary

1. To assist in the conduct of providing independent, objective assurance and consulting audit services and other non-traditional activities to San Miguel Food Group units to help the organization add value and improve its operations, and accomplish its objectives.


2. To assist in the conduct of  executing a comprehensive program of Internal Auditing for San Miguel Food Group Companies, the objectives of which include:

• Assisting the organization by:
  
  
  
  • Identifying and evaluating significant exposures to risk and contributing to the improvement of risk management and control systems, and
  
  
  • Maintaining effective controls by evaluating their effectiveness and efficiency and by promoting continuous improvement.
  
  
  • Evaluating risk exposures, and adequacy and effectiveness of controls relating to and encompassing the organization’s governance, operations, and information systems regarding the:
    
    
    
    • Reliability and integrity of financial and operational data;
    
    
    • Effectiveness and efficiency of operation;
    
    
    • Safeguarding of assets;
    
    
    • Compliance with policies, plans, procedures, laws, regulations and contracts, and
    
    
    • Accomplishment of established objectives and goals for operations or programs.
    
    
    
    
  
  
  
  


• Communicating to Management the results of assurance and consulting engagements undertaken by the group or by outside internal audit service providers, including recommendations for operating improvements aimed at promoting overall efficiency and effectiveness, and maintaining a system to monitor disposition of audit concerns raised.

3.  To carry out special assignments/investigations as instructed by Audit Manager.

Contacts

Internal

Frequent contact with the Team Leader and/or Audit Manager to take instructions, discuss work-related

• problems and relate results of audit.


• Regular contact with all employees across the entire organization, including various management levels of San Miguel Food Group Operating units to seek or gather pertinent information relative to the audit.
  

   

  
  

  External

  
  


• Contact with the Company’s external auditors and the third party internal audit service providers to coordinate audit activities.


• Occasional contact with SEC and other government agencies to seek clarification/ applicability of certain rules and regulations and to verify registration of suppliers, customers, contractors, etc.


• Contact with private business establishments and individuals to obtain confirmation of Company accounts.


• Continuing contact with professional organizations like the Institute of Internal Auditors, Institute of Internal Auditors (IIA), Association of Certified Fraud Examiners (ACFE) and the Philippine Institute of CPAs (PICPA) for current developments in the profession.

QUALIFICATIONS

Education

• BS in Accounting graduate


• Professional certifications like Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE) or equivalent would be an advantage

Experience

• With at least 2 years experience in external/internal auditing.

Knowledge/Skills

• A general familiarity of electronic data processing fundamentals and controls.


• Working knowledge of MS Office programs (Excel, Word, and PowerPoint).


• An up-to-date knowledge of tax regulations particularly those covered by tax compliance audit such as income and expenses, value added taxes, withholding taxes and local taxes (business and real property taxes).


• Working knowledge of SAP and other computer software applications currently being used by San Miguel Food Group.


• Must have adequate knowledge of corporate policies and procedures.


• Sufficient knowledge to identify/detect indications of fraud.

Competencies

• Adequate knowledge of the particular business operations being audited, particularly the policies, regulations, standards and controls that must be adhered to.


• Capable of assessing adequacy and effectiveness of internal control system; can recommend effective and appropriate action plans to audit concerns noted.


• Capable of initiating alternative auditing procedures to suit particular situations in client business operations.


• Working knowledge of international standards for the professional practice of internal auditing and international accounting standards.


• Must be able to communicate effectively in both oral and in written English.


• Must have good presentation skills


• Good analytical ability


• Good result orientation


• Good leadership and interpersonal skills


• Must be able to work with limited supervision

KEY RESULTS AREAS

1. Completion of assigned duties within allocated time frame / resources.


2. Quality of audit reports issued.


3. Timeliness of reports on audits carried out.


4. Level of compliance with related audit standards, rules and work instructions.


5. Adhoc projects (such as special assignments/ investigations) completed within agreed time frame.

DUTIES AND RESPONSIBILITIES

1. Assists in the conduct of financial, operations, tax and  compliance audit services by:

• Identifying and evaluating significant exposures to risk and contributing to the improvement of risk management and control systems


• Carry out special assignments or activities as instructed by the Team Leader or Audit Manager.


• Acts as expert witness in the trial of cases resulting from the audit engagements


•  

1. During Court Trial

• Submits self during investigation to shed light on the reported case;


• Assists in obtaining evidential matter related to the case under investigation;


•  


• During Administrative Investigation


• In cases where the audit engagement resulted in the disclosure of fraudulent activities, the Auditor concerned performs the following, as necessary:
  
  
  
  1. Participates in the conduct of periodic physical inventory of consigned finished goods.
  
  
  2. discussion of the audit findings and recommendations with the clients.
  
  
  3. Assists the Team Leader or Audit Manager in the
  
  
  4. In reporting the audit findings, the Auditor performs the following:
     
     
     
     1. Immediately informs the Team Leader or Audit Manager of any irregularity/ major concerns noted;
     
     
     2. Prepares the summary of audit findings;
     
     
     
     
  
  
  5. In conducting the audit, the Auditor performs the following:
     
     
     
     1. Obtains the relevant financial and other company records for examination, review and analysis;
     
     
     2. Performs audit procedures and in the process apply audit techniques or methods for obtaining competent evidential matter such as observation, examination of documents, interview, written confirmation, mathematical re-computation, as specified in the audit  program or as directed by the Team Leader or the Audit Manager;
     
     
     3. Prepares standard working papers to evidence audit work undertaken;
     
     
     4. Reviews periodically with the Team Leader or the Audit Manager the status of the assigned tasks.
     
     
     
     
  
  
  6. accomplishment of established objectives and goals for operations or programs.
  
  
  7. compliance with policies, plans, procedures, laws, regulations & contracts, and
  
  
  8. safeguarding of assets;
  
  
  9. effectiveness and efficiency of operations;
  
  
  10. reliability & integrity of financial and operational data;
  
  
  11. Evaluating risk exposures, and adequacy and effectiveness of controls relating to and  encompassing the organization's governance, operations, and information systems regarding the:
  
  
  12. Maintaining effective controls by evaluating their effectiveness and efficiency and by promoting continuous improvement.