Specialist, Audit Coordination - Riyadh, المملكة العربية السعودية - SABIC - Saudi Basic Industries Corp.

SABIC - Saudi Basic Industries Corp.
SABIC - Saudi Basic Industries Corp.
شركة تم التحقق منها
Riyadh, المملكة العربية السعودية

منذ أسبوع

Fatima Al-Mansouri

تم النشر بواسطة:

Fatima Al-Mansouri

مسوّقة للمواهب لبيبي
وصف

Job Summary
Play a crucial role in the global planning and execution of various audit engagements, including but not limited:

  • External audit engagement of SABIC Group and its subsidiaries;
  • Various government audit that impacts the KSA region; and
  • The internal audit that impacts the global controllership and financial reporting process.
This position is a strategically important role in the global reporting process given its role in following aspects:
1) Ensure SABIC and its wholly owned affiliates to timely issue their financial statements, which is extremely critical for SABIC's reputation among the shareholders and potential investors; and; our compliance with CMA (Saudi Capital market requirement)

2) Ensure timely closure of the government audit and their findings, to avoid damage to SABIC's reputation and penalties from non-timely closure

3) Ensure timely closure of internal audit findings, and work effectively to convert internal audit findings/recommendations into sustainable process enhancement in the global financial reporting processes.


Job Purpose & Responsibilities
- **Coordination of Global External Auditor Appointment for SABIC and its subsidiaries*
  • A key member driving the annual external auditor appointment processes, including SABIC group and its subsidiaries. Collaborating with various board and board audit committees to ensure alignment and maximize the synergy SABIC can gain from one single global auditor. Ensure fully transparency and compliance with global procedure process and take lead in negotiation with global auditors on fees/scopes.
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Annual group audit planning and coordination

  • Close monitoring / regular alignment with the global auditor for the annual audit planning, including scope, timing and audit methodology.
  • Ensuing agreement with various stakeholders and setting up of the global audit timelines;
  • Ensuing the global audit timeline is communicated and monitored for adherence to the various key milestones;
  • Timely engagement with the external auditor to ensure consolidated financial statement are issued in line with IFRS standards and CMA / other requirement for SABIC Group. SABIC as a listed company issues quarterly and annual financial statement;
  • Ensuring all the accounting issues at reporting quarters / annual are timely concluded;
  • Review and finalization for letter of representation;
  • Leading the management letter alignment process and ensuring the closure of management points in broader SABIC community
  • Arranging and managing client assistance schedule request from the auditors, data sharing with the auditors and ensuring close monitoring of the client assistance schedule; and
  • Close alignment and regular monitoring between group auditor and the component teams to ensure statutory financial statement of SABIC's global operation are issued within planned deadline. Manage overrun of the global audit engagements.
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Reporting and technical accounting alignment

  • Close alignment with the auditor and reporting and technical accounting team to ensure:
  • Actively participation in the technical accounting topics with the auditors and ensuring the timely conclusion of the same;
  • Deliverables are managed on time; and
  • IFRS checklist / position papers are properly concluded and aligned to ensure no last minute surprises both at Quarter and Year end consolidated financial statements.
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Lead coordination of KSA government audit (Finance related part)

  • Driving and continuously monitoring the cross function teams to give timely / accurate response to KSA government audit; and
  • Continuously enhancing the process to ensure timely closure of the government audit findings, this is especially critical to prevent SABIC from reputation loss or potential penalties.
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Support other internal audit engagement

  • Planning the quarterly rhythm with the internal audit in preparation of the BAC session including coordinating the external auditors BAC material on a time basis;
  • Drive the timely closure of internal audit findings in global financial reporting processes, convert internal audit findings / recommendations into sustainable process enhancement in the global financial reporting processes; and
  • Drive other financial reporting related internal audit engagement to sure timely completion of audit field work, leadership buyin on results and timely closure of the findings/issues.
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Continuous improvement

  • Identification of improvement areas to ensure continuously enhancing the internal / external process with respect to external audit;
  • Ensuring right discipline are in place including audit independence check and ensuring streamlined communication between various stakeholders; and
  • Timely alignment and resolution of the issues identified with various internal and external stakeholders.

Minimum Education/Experience Requirements
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Qualifications:


  • Minimum university degree in accounting or finance.
  • Must be CA/CPA/SOC
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