Internal Auditor- Operations & Business

Provides independent, objective assurance to enhance operations by evaluating risk management, internal controls, governance, and compliance. Through audits and assessments, the role supports efficiency, financial integrity, and organizational accountability.

Key Responsibilities:

Audit Planning and Execution

• Develop an annual audit plan using an appropriate risk-based methodology, including any risk or control concerns identified by Board of Directors, management and submit that plan to the AFR Committee/BOD, MD and Deputy MD for review and approval by mid-December, as well as provide updates.
• Implement the approved annual audit plan, including as appropriate any special tasks or projects requested by management and/or the Board of Directors.
• Inclusion of the Quality Management System (QMS) in the internal audit plan raising Improvement Action Forms (IAFs) as necessary, with these reports forwarded to the Manager-QHSES.
• Review, implement and identify control and process weaknesses, document main control points and provide evidential support for report recommendations.
• Consider the scope of work of the external auditors and other regulators as appropriate, for the purpose of providing optimal audit coverage to the company at a reasonable overall cost.

Risk Management

• Identify and analyze/evaluate the company’s risk, efficiency and effectiveness of the work methods in all areas chosen for audit and verify compliance with established procedures.
• Assess the risk associated with organizational actions and advise Management and Board.

Financial Audits

• Ensure that the assets and liabilities of the organization are accurately recorded.
• Evaluate the adequacy for safeguarding the organization’s assets and recommend improvements, where necessary.
• Verify the integrity of financial records and the proper segregation of duties.
• Identify misstatements, fraud risks, and control deficiencies.

Operational and Project (Job) Audits

• Evaluate compliance with project budgets, timelines, and contractual obligations.
• Assess the efficiency and effectiveness of project execution, job costing, and resource utilization.
• Recommend process improvements to enhance operational efficiency and job profitability.
• Investigate any fraudulent activities within the company.
• Ensure that the Company is in compliance with all relevant laws of Trinidad and Tobago.

Reporting and Communication

• Prioritize and meet all audit deadlines.
• Maintain respectful, effective communication and relationships with all employees of areas under review.
• Maintain strict confidentiality as it relates to company’s data.
• Present to the AFR Committee and management the results, recommendations and conclusions of audit reviews at the end of each audit with follow-up done on recommendations to close-off.
• Issue monthly reports to the AFR Committee and management summarizing overdue audit items and updating the Internal Audit Risk Matrix.

Continuous Improvement

• Keep management and Board of Directors informed of emerging trends and successful practices in internal auditing.
• Recommend enhancements to risk mitigation strategies based on audit findings and industry best practices.
• Create a positive environment conducive to the attainment of Corporate Goals.
• Develop annual KPI's for this area, implement and track.

General

• Promote ethics and help identify improper conduct.
• Maintain efficient filing systems - hard copy and electronic (on SharePoint).
• Actively participate and ensure compliance with TOSL's QHSES System.
• Assist with any other related duties as designated by the Board of Directors, MD, and Deputy MD

Qualifications

• A first degree in Business, Engineering, Finance or Management
• An accounting designation e.g. ACCA, CIMA will be an asset
• CIA qualification and ISO 9001 Auditor will be an asset
• Knowledge of accounting software and auditing record keeping system
• Proficient in MS Office Suite (Word, Excel, Outlook, PowerPoint)

Experience:

• Minimum 5 years’ experience of internal audit and/or risk management in a senior position.
• Ability to work independently and manage multiple audits/projects simultaneously.
• Demonstrated experience in auditing business processes, projects and financial operations
• Experience & knowledge in Financial Auditing.
• Member of the Institute of Internal Auditors (IIA) (locally) or another recognized Internal Auditing body.
• Solid understanding of financial reporting and accounting principles (IFRS).
• Strong analytical, critical thinking, organizational and problem-solving abilities.
• Valid PLEA Passport