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Audit Section Head

Posted 8 months ago by mselect
Location Basra, Iraq Job Type
Salary Sector Oil & Gas

MSELECT is looking to hire an Audit Section Head for an international oil and gas operator in Basrah. Candidates must have a minimum of 5 years of experience in the Oil & Gas Sector or 10 years’ experience in Audit. Fluency in English is a must.

JOB OBJECTIVE

The role of Audit Section Head – BOC & Partners is to lead BOC & Partners Audit to ensure the followings:
  • Cost Recovery exposure is reduced to minimum;
  • Accounting record is arranged / reviewed before providing information to auditors;
  • Appropriate policies and procedures are followed while carrying on these audits;
  • Respond to various queries / letters related to BOC and/or Partners Audit
  • Pro-active approach in timely completion of audit engagements; and
  • Assist Audit Manager in preparing various policies and procedures, training materials, periodic management reports, etc.


KEY ACCOUNTABILITIES
Key responsibilities

  • Draft audit procedures and mechanism to deal with day to day requests from BOC for verification of cost incurred for petroleum operations;
  • Review the information received from various functions to resolve audit notes, respond to letters received from BOC and/or other Government Authorities related to audit function;
  • Prepare period audit reports regarding the progress made on various audits
  • Draft plan for Partners Audit based on their request for each year and coordinate the activity with other functions to ensure timely completion of audit.
  • Review the analysis and classification of all audit notes and review Audit master file on daily basis
  • Assist Audit Manager in coordinating any consultative reviews, compliance audits, and special assignments as required for projects in Iraq
  • Follow up with BOC Audit Team and Partners Audit Coordinators on open items related to audit engagements; liaise with other functions to provide necessary support to close such items;
  • Prepare training material for other functions to understand their roles in assisting BOC and Partners audit engagements;
  • Assist Audit Manager in preparation of various reports, reviews, correspondences, meetings, etc. within and outside organization;
  • Any other work that may be assigned on need basis related to audit function of the company

Key Deliverables

  • Periodic Management Reports regarding Audit Status
  • Report to Internal Audit Committee established by UEG
  • BOC & Partners Audit Plans and Mechanism
  • English translations of various letters / reports related to audit function

Quality Assurance

  • Ensure that all reports, letters and other forms of communication prepared for internal management and/or for external parties including BOC, Funding Parties, other Govt. agencies, etc. reflects true and fair information.
  • Ensure that one data base is maintained in the Shared Folder which is accessible to Audit Team Members and proper guidelines are available for staff to update periodically.

People Management

  • Manage the activities and work performed by direct reports to ensure that various audit assignments are progressing smoothly, and cost recovery risk is minimized
  • Recommend training and development interventions for team members to build their capabilities.
  • Take initiatives to various team building activities and encourage problem solving through knowledge dissemination / sharing, training on complex issues and lead by example to maximize their performance.

Policies, Systems, Processes and Procedures

  • Contribute to the development and implementation of BOC and partners audit policies and procedures and all related templates
  • Ensure compliance with corporate requirements on adherence to policies, procedures and instructions within own area related to all relevant regulatory directives to promote a safe and risk-free environment.

Health, Security, Safety and Environment

  • Ensure compliance with all relevant health, security, safety and environmental management policies, procedures and controls within own area, monitoring, reviewing and evaluating on a continuous basis, to guarantee employee safety, legislative compliance, delivery of high-quality service and a responsible environmental attitude.

Reporting

  • Contribute and ensure timely and accurate reporting within and outside organization.


QUALIFICATIONS, EXPERIENCE & SKILLS
Minimum Qualifications

  • A Bachelor’s degree in Accounting, Finance, or Business Administration or other relevant field of study
  • Proficient use of Microsoft Office products
  • Good command of English and Arabic is essential

Minimum Experience

  • 5 years of experience in the Oil & Gas Sector or 10 years’ experience in Audit

Knowledge, Skills & Attributes

  • Strong knowledge of Oil & Gas value chain
  • Strong planning, organizational skills and attention to detail
  • Excellent knowledge with data analysis
  • Analyse processes and apply critical thinking skills
  • Work both collaboratively and individually
  • Advance multiple activities concurrently and be flexible
  • Successfully interact and communicate with all levels of employees and outside parties
  • Strong knowledge of Petroleum Contracts with State Partner
  • Excellent understanding of Drilling, EPCC and other related contracts
  • Planning & Strategic thinking
  • Team building / Team work
  • Decision Making & Problem-Solving skills


COMMUNICATIONS & WORKING RELATIONSHIPS
Internal

  • Frequent contacts with other functions to share information related to various audits
  • Internal Audit Committee

External

  • BOC Audit Team
  • Other Government Representatives from MoO / PCLD, etc.
  • Funding Partners Audit Coordinators


*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process

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http://www.mselect.iq

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