Senior Internal Auditor

JOB PURPOSE:

The position requires substantive specialize knowledge and application of IFRS and expert skills on Financial Statement analysis and review. Suitable candidates will possess Big 4 audit experience with a thorough knowledge of IFRS and Finance/internal audit experience in Energy and Utility sectors. This position offers excellent potential for growth and interaction with the Board and senior management of ACWA Power and NOMAC (100% subsidiary of ACWA Power). We are looking for a candidate who can manage the audit review and presentation on a regular basis of Financial Statement (FS) at the ACWA Power group level including review of consolidation financial statements and Internal controls over financial reporting.

JOB DIMENSIONS:

Number of Staff Supervised:

Direct Reports:

0

Indirect Reports

0

Key Accountabilities and Responsibilities

§  FS review & IFRS understanding

§  Responsible for reviewing and advising on IFRS matters and providing opinion on the financial statements. This may include assessing and reviewing e.g. the hedging process, consultant reports and valuation models used for decision made that effect the financial statements.

§  Coordinate and manage with cross functional stakeholders the process of reviewing annual, semi-annual and quarterly financial statements

§  Remain abreast with the latest IFRS and other laws and regulations in order to ensure that work output is in conformity with accepted practices.

§  Regularly update the IA team on technical issues and accounting standard development

·         Financial Reporting Audit

·         Analyze the financial reports to identify key insights, trends and highlight, discrepancies, risks and provide strategic advice to the head of IA, to opine on the resolution and mitigation of any issues in relation to numbers, accounting policies and disclosures/notes to the accounts.

·         Review various financial metrics on a quarterly basis, analyse trends and provide advice to the head of IA to protect and enhance group’s interest.

§  Policies, Processes, Systems & Procedures

§  Review existence, effectiveness & application of approved finance and accounting policies, processes, and procedures, and highlight deviations from required standard.

§  Working knowledge of SAP and Oracle system; familiarity with Oracle HFM Consolidation module

§  General support to Internal Audit

§  Liaise as required with, Finance department, external auditors and ACWA Power Internal Control team to ensure constant and effective monitoring of FS processes including communication with second line of defense function i.e. Internal Control

§  Support Audit staff on assignment of other group corporate audits of the group, Project companies and Plants as and when requested

§  Support in Board Audit committee reporting process on a regular basis including preparation of BAC pack.

COMMUNICATION & WORKING RELATIONSHIPS:

Internal:

Needs to work closely with the General Manager of Internal Audit and Senior Manager-IA Corporate of ACWA and all NOMAC’s departments

External:

Needs to build a rapport with Consultants & Advisors

QUALIFICATIONS, EXPERIENCE, & SKILLS:

Minimum Qualifications:

§  Bachelor's degree in Accounting, Finance or Economics

Minimum Experience:

§  Minimum 6-10 years of relevant experience in either a Big 4 Audit Firm (IFRS desk) or Utility or energy sector financial reporting function

§  Qualified Accountant (ACA / CPA / CIA/ ACCA) with 5-7 years' post qualification experience in areas of responsibilities specified