Internal Auditor

Port Moresby Full time Posted 3d ago

The ideal candidate will be responsible for providing independent and objective assurance on the effectiveness of the Company's financial, operational, procurement, project and internal control systems. The position will conduct regular audits across the Company's corporate office, construction projects, sites, warehouses, procurement, payroll, finance, assets and other operational areas to identify financial and operational risks, control weaknesses, non-compliance and opportunities for improvement.

A. Internal Audit & Assurance • Develop and implement an annual and quarterly internal audit plan. • Conduct scheduled and ad-hoc internal audits across the Company's operations and projects. • Review financial records, transactions, supporting documentation and accounting processes. • Assess the effectiveness of internal controls and recommend improvements. • Identify control weaknesses, financial risks, irregularities and potential areas of fraud or misuse. • Prepare clear and professional audit reports outlining findings, risks, recommendations and management actions. • Conduct follow-up audits to ensure agreed corrective actions have been implemented. B. Finance & Accounting Controls • Review accounting procedures, reconciliations, payments, receipts, journals and financial transactions. • Review payroll processes, employee payments, advances, deductions and supporting documentation. • Verify compliance with approved budgets, expenditure limits and financial delegations. • Review accounts payable and receivable processes. • Conduct cash, bank, petty cash and financial document audits. • Review financial reporting for accuracy, completeness and compliance with Company procedures. C. Construction Project & Site Audits • Conduct financial and operational audits of construction projects and remote sites. • Review project expenditure against approved budgets and project requirements. • Audit project procurement, material purchases, subcontractor payments and variations. • Review project stock, inventory, tools, equipment and material controls. • Verify documentation relating to purchase orders, quotations, requisitions, goods received notes and invoices. • Review project vehicle, fuel and asset utilisation. • Identify cost leakage, wastage, duplication and control gaps within projects. • Work with Project Managers and Site Managers to strengthen financial and operational controls. D. Procurement & Inventory • Review compliance with procurement procedures and approval requirements. • Verify competitive quotations and supplier selection processes. • Audit purchase requisitions, purchase orders, invoices and goods received documentation. • Conduct periodic inventory and warehouse audits. • Investigate stock discrepancies, unexplained losses and asset movements. • Review supplier transactions for accuracy, transparency and compliance with Company policies. E. Risk & Compliance • Maintain an internal audit risk register. • Identify financial, operational, procurement and project-related risks. • Assess compliance with Company policies, procedures and delegated authorities. • Assist Management in strengthening governance and accountability systems. • Escalate significant control breaches, suspected fraud, financial irregularities or non-compliance to Management. • Maintain confidentiality of sensitive financial, employee and Company information. F. Investigation & Special Audits • Conduct special investigations as directed by Management. • Review suspected financial irregularities, misuse of Company assets or breaches of financial procedures. • Prepare factual investigation reports supported by appropriate documentation and evidence. • Maintain proper audit working papers and investigation records.

Essential: • Bachelor's Degree in Accounting, Finance, Auditing, Commerce or a related discipline. • Minimum four (4) years' relevant professional experience in internal audit, external audit, accounting, finance or financial controls. • Demonstrated experience in the Building & Construction industry is highly desirable. • Strong understanding of accounting principles, financial controls and audit procedures. • Experience auditing projects, procurement, inventory and operational processes. • Strong analytical and investigative skills. • Excellent report writing and communication skills. • High level of integrity, confidentiality and professional judgement. • Strong Microsoft Excel and accounting/software skills. Desirable: • CPA, ACCA, CA, CIA or other relevant professional qualification or progress toward professional membership. • Experience with construction project accounting and cost control. • Knowledge of PNG taxation, employment/payroll and relevant business compliance requirements. • Experience with ERP, payroll and accounting systems.

Competitive salary package commensurate with the successful candidate's qualifications, professional experience, construction industry knowledge and demonstrated capability.