About the job
Join Interwood as an Internal Audit Officer at our Islamabad office located in DHA. In this pivotal role, you will assess and enhance the effectiveness of risk management, internal controls, and governance processes across the organization. Your expertise will contribute to auditing financial and operational activities, ensuring compliance with internal policies and statutory regulations, while identifying opportunities for process optimization and cost efficiency in a manufacturing setting.
Key Responsibilities:
1. Audit Planning and Execution
- Collaborate in the formulation of annual audit plans based on comprehensive risk assessments and business objectives.
- Conduct thorough internal audits across various departments including production, procurement, inventory, finance, and HR, adhering to established audit schedules.
- Execute detailed audit fieldwork through walkthroughs, control testing, data analysis, and transaction reviews.
- Detect control deficiencies and inefficiencies, providing actionable recommendations for improvement.
2. Process & Compliance Audits
- Assess compliance with statutory obligations, internal policies, SOPs, and industry standards.
- Audit production processes to ensure adherence to quality control measures, safety regulations, and lean manufacturing principles.
- Validate the accuracy and completeness of production and inventory documentation.
3. Reporting and Documentation
- Draft detailed audit reports encapsulating findings, root cause analysis, risk implications, and practical recommendations.
- Clearly present audit outcomes to department heads and management.
- Maintain thorough documentation of audit work papers in compliance with internal audit standards.
4. Follow-Up & Risk Monitoring
- Monitor the execution of agreed-upon audit recommendations.
- Conduct follow-up audits to evaluate the effectiveness of implemented corrective actions.
- Track key risk indicators (KRIs) and engage in regular risk assessments.
5. Collaboration and Advisory
- Work alongside cross-functional teams to establish robust internal controls.
- Offer insights and guidance on enhancing internal controls and mitigating risks.
- Participate in fraud investigations and special projects as necessary.
