Internal Auditor - Capital Projects

Role Overview

Internal Auditor - Capital Projects at Alfanar. This role conducts independent, risk-based audits of construction projects to evaluate governance, internal controls, contract management, procurement, and compliance processes.

Role Purpose

To conduct independent, risk-based audits of construction projects, evaluating governance, internal controls, contract management, procurement, and compliance processes to provide assurance, identify risks, and recommend improvements that support effective project delivery and organizational objectives.

Key Responsibilities

Construction Project Audits

• Plan and perform internal audits of construction projects in accordance with the approved audit plan and professional auditing standards.
• Evaluate project governance, financial controls, project execution, and operational effectiveness.
• Assess compliance with organizational policies, procedures, contractual obligations, and regulatory requirements.
• Identify control weaknesses and recommend practical corrective actions.

Contract Management Audits

• Review contract management processes throughout the project lifecycle to ensure compliance with contractual terms and organizational policies.
• Evaluate contract administration practices, including change orders, claims, variations, and payment processes.
• Identify contractual risks and recommend appropriate control improvements.

Tendering and Procurement Audits

• Audit tendering and procurement activities to ensure transparency, fairness, and compliance with procurement policies.
• Review tender evaluation processes and contract award procedures.
• Assess procurement documentation for completeness, accuracy, and regulatory compliance.
• Report observations and recommend improvements to procurement controls.

Risk Assurance

• Conduct risk assessments for construction projects to identify operational, financial, contractual, and compliance risks.
• Evaluate the adequacy and effectiveness of risk mitigation measures implemented by project management.
• Monitor emerging project risks and recommend improvements to strengthen the organization's risk management framework.

Audit Planning and Execution

• Participate in the development of annual risk-based audit plans for construction and capital projects.
• Prepare audit programs, perform fieldwork, gather audit evidence, and document audit findings.
• Ensure audit assignments are completed in accordance with internal audit methodologies and professional standards.

Reporting

• Prepare clear, accurate, and comprehensive audit reports summarizing findings, risk assessments, root causes, and recommendations.
• Communicate audit observations with project management and obtain management responses.
• Follow up on agreed corrective actions to verify timely implementation.

Delivery and Performance

• Perform planned activities to meet operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide periodic reports detailing deviation and execution of planned tasks.

Problem-Solving and Quality

• Solve related problems and escalate complex operational issues.
• Ensure quality requirements to develop effective quality control and processes.

Business Process Improvements and Compliance

• Coordinate well-defined written systems, policies, procedures, and seek automation opportunities.
• Comply with related policies, procedures, and work instructions.

Health, Safety, and Environment

• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products or services.

Professional Development

• Obtain updated soft and technical skills related to the job.

Qualifications & Experience

• Bachelor Degree in Accounting, Finance, or any relevant field.
• 2 to 4 years of work experience.

Skills & Competencies

• Audit Best Practices.
• Audit Planning.
• Audit Reporting.
• Auditing Procedures and Standards.
• Compliance Audits.
• Internal Audit Controls.
• Post Audit Reviews.
• Security Audits.