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