Job Summary: The Financial Auditor is responsible for evaluating the accuracy, integrity, and compliance of financial records and internal controls. This role involves conducting audits, analyzing risks, and recommending improvements in alignment with International Financial Reporting Standards (IFRS) and internal financial policies.

Roles & Responsibilities:

1. Audit Planning & Execution

   • Review financial policies, procedures, and documentation.

   • Conduct interviews with key finance personnel.

   • Execute transaction testing and reconciliations.

   • Apply analytical procedures to identify financial trends and anomalies.

2. Audit Coverage & Documentation

   • Verify accounting records, including general ledger and journal entries.

   • Reconcile sub-ledgers with the general ledger.

   • Review year-end adjustments and closing procedures.

   • Evaluate budgeting processes and control mechanisms.

   • Assess revenue recognition, billing, and collection workflows.

   • Review expenditure approvals, procurement, and contractual compliance.

   • Reconcile bank statements and evaluate cash handling controls.

   • Verify fixed asset register and review depreciation methods.

   • Analyze financial statements for IFRS compliance.

3. Reporting & Recommendations

   • Compile audit reports highlighting findings and control gaps.

   • Develop recommendations for financial and procedural improvements.

   • Coordinate management response and corrective action plans.

   • Conduct follow-up audits to assess implementation.

Work Environment:

• Office-based with occasional extended hours during audit periods. Government Entity

• Periodic fieldwork for verification and asset assessments.

Candidate Specification:

• Native Arabic Speaker Only 
• Experience: Minimum 4–6 years in financial or internal auditing.

• Industry Exposure: Preferably in finance departments of medium to large organizations; exposure to motorsport or government-regulated sectors is advantageous.

• Certifications: CPA, CIA, ACCA, or equivalent preferred.

• Competencies:

  • Strong understanding of IFRS and internal control systems

  • Analytical and investigative mindset

  • Excellent report writing and documentation skills

  • Proficiency in audit tools and ERP systems

  • Detail-oriented with strong organizational skills

People Responsibilities:

• May mentor junior auditors or temporary audit support staff.

Interactions:

• Internal: Finance team, management, compliance and procurement departments.

• External: External auditors, regulatory authorities (as applicable).

Reporting Line:

• Reports to: Head of Finance / Internal Audit Manager

Key Performance Indicators (KPIs):

• Timeliness and completeness of audit reports

• Number and severity of audit findings

• Implementation rate of corrective actions

• Audit compliance score

• Risk reduction metrics post-audit

Key Result Areas (KRAs):

• Execution of comprehensive financial audits

• Identification and mitigation of control weaknesses

• Assurance of compliance with IFRS and internal policies

• Improvement in financial reporting accuracy

• Strengthening of internal control frameworks