Manager - Operational Audit

Job Description

JOB PURPOSE:To oversee and manage the operational audit function within an organization, and assess and improve the efficiency, effectiveness, and compliance of operational processes through comprehensive audits and risk assessments. To Work closely with stakeholders, you will develop audit plans, execute audits, and provide valuable insights to enhance operational performance and mitigate risks.KEY ACCOUNTABILITIES: Strategic Contribution

• Define and direct the implementation of the annual business plan and targets and set the strategic agenda of the Internal Audit Department to deliver Nadecs vision and mission.
• Ensure that the strategy is translated into operational business plans for the Internal Audit Department and monitor the performance and execution of those plans to achieve functional objectives and deliver the Companys strategy.

Leadership

• Oversee the activities of the Internal Audit Department team to ensure that all work is carried out efficiently, and in line with the strategic project management plans, policies and procedures.
• Build and lead a motivated, engaged, and competent team, by setting priorities and objectives, managing performance, and providing ongoing feedback and coaching to meet the functional challenges and goals.
• Serve as a role model to ensure employees awareness and commitment to Nadecs vision, mission, values, fundamentals, and corporate.

Budgeting

• Lead the preparation of the functional budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified, and potential performance improvement opportunities are capitalized.

Core Accountabilities Audit Planning and Execution:

• Develop and execute a comprehensive operational audit plan, ensuring all audits are executed efficiently, on time, and within budget.
• Oversee the planning, execution, and reporting phases of operational audits, including risk assessment, control evaluation, and substantive testing.
• Ensure that all audits are conducted by applicable internal auditing standards.
• Communicate audit findings and recommendations clearly to stakeholders, ensuring a shared understanding of the issues and the proposed corrective actions.

Process Improvement and Risk Mitigation:

• Assess operational risks and control deficiencies and make recommendations for process improvements and risk mitigation strategies.
• Collaborate with process owners and stakeholders to develop and implement action plans to enhance operational efficiency, streamline processes, and reduce costs.
• Monitor the implementation of corrective actions and provide guidance on best practices for risk management and process improvements.

Stakeholder Management and Communication:

• Build and maintain effective relationships with operational managers, department heads, and key stakeholders.
• Collaborate with stakeholders to understand their operational objectives, challenges, and improvement opportunities.
• Present audit findings, recommendations, and reports to senior management, highlighting areas of concern and opportunities for operational improvement.
• Provide regular updates and reports on audit activities, findings, and progress to senior management and relevant committees.

Team Leadership and Development:

• Provide guidance and support to a team of auditors, ensuring their professional growth and development.
• Foster a collaborative and high-performing work environment, promoting professional growth and development opportunities.
• Collaborate with cross-functional teams such as the Risk and Compliance function to identify the key risks and enhance the overall internal controls system.
• Develop and deliver training programs to enhance the teams auditing skills and knowledge.

Policies, Systems, Processes & Procedures

• Provide direction for the development and implementation of organizational unit & Internal Audit policies, systems, processes, and procedures, identifying potential areas of improvement to ensure efficient and effective operation.
• Ensure compliance with corporate requirements on adherence to policies, procedures, and instructions related to all relevant regulatory directives to ensure a safe and risk-free environment.

Change Management

• Lead the management of change through a fundamental re-assessment of current practices taking into account leading international practices and changes in the business environment to create step-change differences in the efficiency and effectiveness of new approaches.
• Motivate the employees and identify opportunities for continuous improvement of systems, processes, and practices taking into account productivity improvement and cost reduction.
• Prepare and submit reports to the CEO, when requested, to meet the organizational requirements, and the functional requirements, policies, and standards.

QUALIFICATIONS, EXPERIENCE, & SKILLS: Education and Certifications

• Bachelors degree in a relevant field, masters degree is a plus.
• Professional certification e.g., CIA, CISA, or equivalent certifications is required.

Experience:7-12 years experience in operational audit in public accounting or internal audit preferably in large organizations or Big 4.

Keyskills :
Risk AssessmentOperational AuditProcess ImprovementTeam LeadershipStakeholder ManagementChange Management

About Company

NADEC Foods

Job Source: www.linkedin.com