Assistant Manager - Internal Audit Assurance - Development and Value Creati at Masdar

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

04 Mar, 26

Salary

0.0

Posted On

04 Dec, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Internal Auditing, Accounting Principles, Management Principles, Communication Skills, Interpersonal Skills, Team Management, Risk Assessment, Quality Review, Client Relationship Management, Audit Reporting, Financial Modelling, Business Development, Mergers & Acquisitions, Project Delivery, Operational QHSE, Consultative Approach, Regulatory Compliance

Industry

Renewable Energy Power Generation

Description

Company Description Masdar is the UAE’s clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar is today active in over 40 countries, helping them to achieve their clean energy objectives and advance sustainable development. Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year. Job Description To lead/supervise individual development and value creation internal audit engagements, as part of the total internal audit plan in order to contribute to providing reasonable assurance that Masdar’s internal controls promote efficiency, effectiveness and reduce the risk of loss, as well as help ensure the compliance with laws and regulations. To Supervise follow-up audits, annual risk assessment and internal audit plan. Key Responsibilities : Lead and manage technical audits—primarily covering key business functions and the Investment Life Cycle (ILM), including areas such as Strategy, Business Development, and Mergers & Acquisitions, from the planning phase to the reporting phase. Also support in leading and managing audits of Project Delivery and Asset/Platform Management, including Engineering and operational QHSE. Manage the audit team assigned on the audits to ensure the work is performed as per the quality requirements and completed within the assigned timelines. Submit the deliverables of audits for quality review to Quality Reviewer, where applicable. Provide on-the-job training and constructive feedback to assigned audit team for audits to support their overall development. Liaise with Quality Reviewer, to ensure that all deliverables are quality reviewed before submission of same to process owners. Support in developing and delivering the annual operational business plans and KPIs for the unit and contribute to performance monitoring and reporting for the unit so that overall objectives are met. Review and approve RCMs prior to the start of / during the fieldwork. Manage and execute the audit engagements as per the engagement plan including RCM and develop proper working papers to support the work done and audit findings noted and submit the same for quality review. Review work performed by field auditors and issues received from the field auditors and determine if other area or related activities need to be reviewed in order to reflect a correct picture of the company’s commercial health. Review of subordinate’s work papers for work completeness, meeting the objectives, and matching it against issues identified. Review audit issues/ draft audit report received from the field auditors and determine if other area or related activities need to be reviewed in order to reflect a correct picture of the company’s commercial health. Submit the draft audit report to senior management for review in line with the project time plan. Build and maintain a network of relevant contacts to support daily activities and long-term objectives of the team. Manage client relationships (auditee) on assigned individual assignments and ensure achievement of targeted percentage on audit satisfaction survey issued after the completion of the audit. Develop and implement action plans on the areas of improvements identified by client in the audit satisfaction survey. Ensure regular supervision and monitoring of fieldwork performed by the internal audit service provider assigned resources during the execution of audit fieldwork including reviewing the draft output documents developed by the assigned resources. Perform an evaluation of the performance of service provider for each audit engagement and communicate and discuss any concerns with the Line Manager/ Group Executive Director, Internal Audit. Support in the follow-up audit engagements on the due management actions agreed as part of the audit reports. Participate in the annual risk assessment exercise by meeting process owners and reviewing underlying documents to develop/ update risk registers and validate the same with process owners. Ensure relationships with service providers are managed smoothly and effectively in a way that guarantees that Masdar is provided with quality and timely services, in line with relevant service level agreements. Qualifications Preferred Qualifications: Bachelor’s/Master’s degree in: Accounting /Finance/Economics/ Engineering CFA/ CPA/ACA CIA/CFE is an asset Preferred Experience: At least 8 years’ experience in progressively more senior roles in auditing/ advisory of Business Development & M&A transactions reviews, Financial Modelling or equivalent experience. Experience relating to internal audit of corporate and business units’ processes Job-Specific Skills: Exceptional communication and interpersonal skills leading to a consultative approach within a corporate / multifunctional environment Ability to manage cross-functional teams Good knowledge of and skill in applying internal auditing and accounting principles and practices, and management principles and preferred business practices. Good knowledge of the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by the Institute of Internal Auditors. Good knowledge of industry program policies, procedures, regulations and laws This role is based in Abu Dhabi Additional Information Established in 2006, Masdar (Abu Dhabi Future Energy Company) is a global clean energy leader, transforming how the world produces and consumes energy through bold innovation and commercial excellence. Masdar is a clean energy investor, developer and operator, advancing renewable energy projects across key markets and technologies, with a global project portfolio capacity to date of over 51 gigawatts (GW). Jointly owned by TAQA, ADNOC and Mubadala, Masdar is driving the scale-up of renewables worldwide, targeting a portfolio capacity of 100GW by 2030. As part of the application process, we will collect, store and process personal information about you. Masdar will use your personal information in accordance with our Candidate Privacy Notice, which provides details on the purposes for which your data is processed.

Responsibilities

Lead and manage internal audit engagements to ensure efficiency and compliance with laws and regulations. Supervise audit teams, manage client relationships, and contribute to the development of operational business plans and KPIs.