Requirements
The Internal Auditor must be a university graduate, preferably with a business, accounting, or finance degree. Knowledge of loss prevention procedures and methods is required. The candidate must be IT and numerically literate, possess investigatory skills, have proactive business reporting skills, and exhibit strong attention to detail. Excellent English communication skills are essential.
Description
The Internal Auditor is responsible for conducting audits of store operations, business and accounting processes. He evaluates whether the policies/rules are operated/carried out effectively. Responsible for all issues related to security, loss, non-compliance of policies and procedures. He has to implement strategic initiatives to significantly reduce/minimize areas of risk related to security, stock loss/shrinkage, safety and contingency/crisis management.RESPONSIBILITIES:Regular visit to the stores all over UAE and GCC (as required) to conduct audits, at least once every month/ more times as required.Draft and review the Loss Prevention and any other relevant process and procedure.Check whether daily cash is banked as per Company PolicyVerify foreign currency received during sale is properly accounted and bankedPerform spot till checkEnsuring that petty cash and extra cash float is handled properly and monitor usage and recording of petty cash floatIdentify the reason for using manual billing if any and the details of Void, return, refund, staff discount, other discount – whether they are as per policy and how it's handled by store.Ensure that the Company gift voucher (saleable & others) and mall gift voucher are properly accounted, the amount due from mall management and check for timely submission of the same.Check the usage of non-stock items received from the supplier.Verify if recording of staff attendance, days in lieu, submission of rejoining report/passport to office are done as per the company policy and highlight variances between staff Rota and the attendanceAudit of store keys and who is responsible to handle the keys in store.Check whether the security system/ alarm is working properlyAudit payments and receivables such as mall gift vouchers, credit card payments, foreign supplier payments etc.Overview the P&L and Bank reconciliationsConduct period audit of staff discounts and attendanceProvide prompt and professional investigation service to the Company in relation to theft, malpractice and fraud and provide reports to the management.Manage the Loss Prevention training for storesManage to survey stores, including pre-opening and all Company premises to identify and categorize risks, levels of risk and actions requiredKNOWLEDGE, SKILLS AND EXPERIENCE:Expected Years of ExperienceMust be a university graduate, preferably with business/accounting/finance degree.Knowledge of loss prevention procedures and methodsIT and numerically literatePossess Investigatory skillsProactive Business reporting skills essentialAttention to detailStrong English communication skills.