Manager Internal Audit

Abu Dhabi, United Arab Emirates

Job Description

Company DescriptionMasdar 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. To lead/ supervise individual internal audit projects, as part of the approved 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 applicable Laws and Regulations.
  • To lead/ supervise individual internal audit engagements, as part of the approved 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 applicable Laws and Regulations.
  • Lead/ supervise audit engagements from the planning phase to the reporting phase to ensure deliver high-quality audit reports and timely completion of audit engagements
  • Perform internal audit or advisory engagements covering specially business development, bids or M&A functions with an objective to add value, enhance efficiency, and effectiveness of underlying processes, and recommend best practices.
  • Review as part of audit or advisory engagement, investment cases reaching Final Investment Decision (FID level) covering among others, financial valuation models and due diligence reviews for large scale investments projects (covering M&A, Green field/ Brownfield projects) to identify gaps, and recommend areas of improvements.
  • Review as part of audit or advisory engagement, the Merger & Acquisition (M&A) investment cases and provide value add recommendations to enhance the value creation focusing on financial data accuracy, compliance, and risk assessment. Evaluate the Internal Rate of Return (IRR) for investment case, analyzing factors such as cash flows, discount rates, and investment horizons.
  • Review adequacy of investment/ divestment due diligences performed covering of financial statements, valuation models, and investment agreements to identify potential risks and opportunities.
  • Execute or supervise execution of all tests in accordance with approved RCM and within the agreed timelines.
  • Identify and document the audit observations in the work papers. Perform regular supervisory review of the work papers prepared by assigned audit team members/ co-sourced service provider.
  • Review the work and observations of assigned audit team members/ co-sourced service provider, to assess if further examination of additional areas, including technical aspects, is needed for an accurate portrayal of the company's commercial health.
  • Develop and submit work papers for review to quality reviewer.
  • Develop audit preclosing presentation and present observations to auditee.
  • Prepare draft audit reports to meet the desired quality and standards.
  • Manage audit closing meetings, ensure final reports meet the desired quality and standards, and submit to the quality reviewer, Director, Internal Audit, and Executive Director, Internal Audit for final quality review and issuance.
  • Review work papers prepared by service providers for work completeness, meeting the objectives, and matching it against issues that are identified.
  • Submit the draft issues to the line manager for review in accordance with the project time plan.
  • Perform /review regular follow-up audit engagements on the due management actions agreed as part of the final audit reports.
  • Submit the follow-up work including draft follow-up report to engagement lead/ line manager for quality review.
  • Ensure compliance to requirements of Continuous Monitoring mentioned within Masdar QAIP manual.
  • Support the audit team in performing periodic self assessments to validate its continued conformance with the IPPF Standards and Code of Ethics.
  • 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
QualificationsPreferred Qualifications:
  • Chartered Financial Analyst (CFA), CPA, ACA, ACCA, ACAEW, MBA Finance.
  • Certification such as ACA, ACCA, ACAEW, CPA, or CIA is an asset.
  • At least 10 years of experience in advisory and audit roles with majority of the experience gained in Big 4 Audit Firms with specialization in large scale Greenfield, Brownfield, M&A Project Investment valuations & financial due diligence
Additional InformationJob-Specific Skills:
  • Exceptional communication and interpersonal skills leading to a consultative approach within a corporate / multifunctional environment.
  • Ability to manage cross-functional teams.
  • Advanced IT skills, including proficiency in data analytics tools and software such as Power BI, audit based analytical tools, AI tools and ERP.
  • Good knowledge of and skill in providing advisory and audit engagements for large scale greenfield, brownfield/ M&A project investment valuation, financial due diligence and building investment cases.
  • Strong analytical and critical thinking skills, with the ability to interpret complex financial information and identify key insights.
  • Proficiency in Microsoft Office Suite, particularly Excel, PowerPoint, and Word, as well as data visualization tools such as Power BI.

Masdar

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Job Detail

  • Job Id
    JD1653277
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Abu Dhabi, United Arab Emirates
  • Education
    Not mentioned