Senior Internal Audit Specialist

Role Overview

Senior Internal Audit Specialist at Alomar Holding Company, located in Riyadh, Saudi Arabia. Full-time, on-site position reporting functionally to the Audit Committee.

Role Purpose

To execute risk-based internal audit assignments across the holding company and its subsidiaries, assess the design and effectiveness of internal controls, identify compliance breaches and financial risks, and support the audit function through independent and objective audit engagements.

Key Responsibilities

Audit Execution & Planning

• Execute approved risk-based internal audit assignments across the holding company and its subsidiaries.
• Assist in preparing the annual audit plan, audit universe, and risk assessments.
• Support periodic Audit Committee reporting.

Financial & Operational Audits

• Review financial, operational, procurement, HR, project, and compliance processes.
• Audit payment cycles, procurement activities, contracts, vendor onboarding, receivables, payroll, fixed assets, inventory, and cash management.
• Review project controls including budgets, BOQs, variations, contractor payments, tender evaluations, cost overruns, and project documentation.

Control Assessment & Risk Identification

• Assess the design and effectiveness of internal controls, approval workflows, delegated authorities, policies, and procedures.
• Identify control gaps, compliance breaches, financial risks, operational inefficiencies, and potential fraud indicators.

Documentation & Reporting

• Prepare audit working papers, evidence files, audit observations, risk ratings, and root-cause analysis.
• Recommend corrective actions based on findings.
• Draft clear audit reports and presentations for management and the Audit Committee.
• Maintain audit findings trackers and follow up with responsible departments until corrective actions are closed.

Investigations & Compliance

• Support investigations related to suspected fraud, policy violations, conflicts of interest, or financial irregularities.
• Maintain confidentiality, professional skepticism, and independence throughout all audit engagements.

Qualifications & Experience

Education

• Bachelor's degree in Accounting, Finance, Internal Audit, Business Administration, or a related field.

Experience

• Minimum 5 years of relevant experience in internal audit, external audit, risk, compliance, or financial controls.
• Minimum 2 years of direct internal audit experience.
• Practical experience auditing financial controls, procurement, payment cycles, contracts, payroll, and operational processes.

Certifications (Preferred)

• CIA, SOCPA, CPA, ACCA, CISA, or CRMA certification, or progress toward one of these certifications.

Skills & Competencies

Technical Skills

• Strong understanding of internal control principles, risk assessment, audit documentation, and audit reporting.
• Strong Excel skills.
• Experience using ERP systems such as Odoo, SAP, Oracle, Microsoft Dynamics, or similar.

Languages

• Business-fluent English.
• Proficiency in Arabic (preferred).

Professional Competencies

• Able to independently conduct audits while maintaining objectivity and escalating significant issues appropriately.
• Excellent report writing, documentation, and stakeholder communication skills.
• Experience preparing clear, evidence-based audit reports, presentations, and audit follow-up updates for senior leadership and the Audit Committee.
• Comfortable presenting significant audit findings, control weaknesses, high-risk issues, and overdue corrective actions to the Audit Committee.
• Comfortable engaging with CEOs, CFOs, finance, procurement, HR, operations, project teams, and subsidiary management to obtain audit evidence and follow up on remediation actions.

Additional Information

Work Authorization & Sector Experience (Preferred)

• Eligible to work in Saudi Arabia.
• Experience auditing multiple entities, subsidiaries, or a group structure.
• Experience in real estate, construction, contracting, investment, or diversified holding groups.
• Familiarity with Saudi compliance requirements, VAT, ZATCA controls, and corporate governance practices.

Availability

• Available to join within 30–60 days (preferred).