Internal Auditor

Responsibilities:

• Review the financial statement of the hotel, including the balance sheet, income statement, and cash flow statement, to ensure they accurately reflect the financial position and performance of the business.
• Assess the effectiveness of the hotel's internal control systems, which are designed to safeguard assets, ensure accuracy in financial reporting, and promote operational efficiency. This involves examining processes and procedures related to financial transactions, inventory management, and compliance with policies and regulations.
• Identify and assess risks that may affect the hotel's financial operations, such as fraud, errors, or non-compliance with laws and regulations.
• Develop audit plans and procedures to address these risks and mitigate potential threats to the organisation.
• Ensure that the hotel complies with relevant laws, regulations, and industry standards governing financial reporting and business operations. This may include tax laws, labour regulations, industry-specific regulations, and internal policies.
• Prepare audit reports summarising their findings, conclusions, and recommendations based on their examination of the hotel's financial records and internal controls. These reports are typically provided to management, stakeholders, and regulatory authorities.
• Provide consultation and advisory services to management on financial matters, internal controls, risk management, and compliance issues. They may offer recommendations for improving operational efficiency, strengthening internal controls, and enhancing financial reporting processes.
• Overall, the major duty of the Internal Auditor is to provide an independent and objective assurance that the hotel's financial operations are conducted in accordance with established standards and best practices, and to identify areas for improvement to enhance the organisation's financial integrity and performance.

Requirements:

• Bachelor's degree in Accounting, Finance, or related field
• Minimum 2-3 years of experience in internal auditing or public accounting
• Professional certification (CPA, CIA, CMA, ICAN etc.) preferred
• Strong knowledge of auditing standards and regulations
• Excellent analytical and problem-solving skills
• Ability to work independently and manage multiple projects
• Familiarity with audit software and systems
• Basic computer skills and knowledge of Microsoft Office

Standards:

• Conduct audits in accordance with professional standards
• Identify and report significant risks and control weaknesses
• Develop effective audit programs and procedures
• Provide reliable and timely audit reports
• Collaborate effectively with management and other departments

Accountabilities:

• Audit coverage and planning
• Risk identification and assessment
• Control evaluation and recommendation
• Audit report quality and timeliness
• Process improvement and implementation
• Compliance with auditing standards and regulations ‎