Material Audit Specialist

Job Responsibilities

1. Lead unit to carryout materials auditing process
2. Lead and manage a team of three material auditors, providing guidance, support, and direction to ensure effective performance and adherence to audit procedures.
3. Plan and coordinate material audit activities, including scheduling audits, assigning tasks, and allocating resources to meet audit objectives and deadlines.
4. Conduct complex audits of materials management processes, including inventory control, procurement, and asset management, to identify risks, deficiencies, and opportunities for improvement.
5. Review audit findings and reports prepared by team members, ensuring accuracy, completeness, and compliance with audit standards and organizational policies.
6. Analyze audit results and collaborate with relevant stakeholders, including department managers and senior leadership, to develop actionable recommendations and corrective action plans.
7. Monitor the implementation of corrective actions resulting from audit findings, tracking progress and ensuring timely resolution of identified issues.
8. Provide training and mentorship to material auditors on audit techniques, industry best practices, and professional development opportunities.
9. Serve as a subject matter expert on materials management and auditing, providing guidance and support to other departments as needed.
10. Stay informed about industry trends, regulatory requirements, and emerging technologies related to materials management and auditing practices.
11. Collaborate with internal audit and compliance teams to ensure alignment of material audit activities with organizational goals and objectives.
12. Forward all Material Audit Reports to the Chief Internal Auditor for Board &Management Review.
13. Carry out any other job function assigned by the Chief Internal Auditor from time to time.
14. Assist in Internal Audit Leadership efforts in the Department, contributing to draft of Internal Audit Annual Plans and Programs.

Requirements

1. Bachelor’s Degree in Accounting, Economics, Business Administration or related field
2. Minimum of 5 years work experience in similar role in internal audit
3. Familiarity with Generally Accepted Accounting Principles (GAAP), International Financial Reporting Accounting Principles (IFRS) and auditing standards
4. In-depth knowledge of accounting and auditing standards, financial regulations and corporate governance practices
5. A Chartered Auditor (CA) or Chartered Accountant (CA) certification is required