Overview:
Space42 (ADX: SPACE42) is a UAE-based AI-powered SpaceTech company that integrates satellite communications, geospatial analytics and artificial intelligence capabilities to enlighten the Earth from space. Established in 2024 following the successful merger between Bayanat and Yahsat, Space42’s global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities.
Our vision is to pioneer beyond today for humanity to experience a better tomorrow. Space42 challenges traditional approaches with advanced AI and cutting-edge satellite technology, making space more accessible and redefining how data from space can be used on Earth. We aim to achieve this by connecting people to rewire potential, informing decisions to reimagine impact and enabling action to redefine tomorrow.
For more information visit: www.space42.ai, follow us on X and Instagram @Space42ai

SKILLS:

• ICoFR Expertise
• Risk Assessment
• Control Testing
• Regulatory Compliance
• Financial Reporting
• Audit
• Stakeholder Management
• Communication
• Fraud Risk Assessment and Awareness

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional certification such as CPA, CIA, CISA, or CA is highly preferred.
• 7 to 10 years of experience in internal controls, audit, or risk management, with a strong focus on ICoFR.
• Big 4 experience is a plus
• Solid understanding of internal control frameworks (e.g., COSO) and financial reporting standards (e.g., IFRS).
• Good understanding of fraud risk assessment
• Proficiency in Microsoft Office and familiarity with ERP systems (e.g., Oracle Financials).
• Experience working in the UAE or the Middle East region is a significant advantage.
• Strong knowledge of UAE regulations and compliance requirements.
• Excellent analytical, problem-solving, and communication skills.
• Proficiency in using internal control and audit software

As the Manager – Internal Controls you will be responsible for managing and maintaining the internal controls framework with a specific emphasis on Internal Control over Financial Reporting (ICoFR). You will ensure that internal controls over financial reporting are accurately designed and implemented in compliance with the COSO Internal Control Framework and applicable regulations, assess risks, and implement controls in alignment with the internal controls’ requirements. You will also be responsible for maintaining, updating, and testing entity-level controls, fraud risk assessment, and support management in testing IT controls.

Responsibilities:

• ICoFR Framework Management:
• Maintain the company’s ICoFR framework, ensuring alignment with relevant regulatory requirements and best practices.
• Liaise with the management to ensure periodic control self-assessments by the relevant control owners based on the ICoFR calendar
• Conduct risk assessments to identify key financial reporting risks and develop appropriate control activities to mitigate those risks.
• Document and maintain up-to-date process flows, control descriptions, and risk and control matrices.
• Control Testing and Evaluation:
• Plan and monitor testing of internal controls, including design and operating effectiveness testing.
• Perform independent control testing of a selected sample.
• Identify control deficiencies and develop remediation plans in collaboration with relevant stakeholders.
• Monitor the implementation of remediation plans and track their effectiveness.
• Compliance and Regulatory Reporting:
• Ensure compliance with all applicable internal control regulations and standards in the UAE.
• Prepare and present reports on the effectiveness of the ICoFR framework to senior management and the audit committee.
• Stay abreast of changes in regulatory requirements and best practices related to internal controls and financial reporting.
• Stakeholder Collaboration:
• Collaborate with various departments, including finance, IT, and operations, to ensure effective implementation of internal controls.
• Provide training and guidance to employees on internal control requirements and best practices.
• Act as a key point of contact for external auditors for ICoFR audit and regulatory authorities.
• Continuous Improvement:
• Identify opportunities to enhance the efficiency and effectiveness of the internal control framework.
• Implement process improvements to streamline control activities and reduce costs.
• Promote a culture of control awareness throughout the organization.
• Fraud Risk Assessment:
• Perform annual fraud risk assessment in line with fraud risk management framework and maintain fraud risk register
• Help to implement fraud prevention controls.
• Assist in the investigation of suspected fraud or irregularities.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional certification such as CPA, CIA, CISA, or CA is highly preferred.
• 7 to 10 years of experience in internal controls, audit, or risk management, with a strong focus on ICoFR.
• Big 4 experience is a plus
• Solid understanding of internal control frameworks (e.g., COSO) and financial reporting standards (e.g., IFRS).
• Good understanding of fraud risk assessment
• Proficiency in Microsoft Office and familiarity with ERP systems (e.g., Oracle Financials).
• Experience working in the UAE or the Middle East region is a significant advantage.
• Strong knowledge of UAE regulations and compliance requirements.
• Excellent analytical, problem-solving, and communication skills.
• Proficiency in using internal control and audit software.