Audit Specialist

Audit Specialist

Job Purpose

Leads, plans, and executes complex internal audits to evaluate the adequacy and effectiveness of internal controls, accuracy of information reported, and compliance with policies and procedures.

Job Context & Major Challenges

• Audit work is conducted in diverse environments, often requiring rapid understanding of new areas.
• Requires objective evaluation of business performance, controls, and processes, demanding high levels of professional judgement, tact, awareness, and diligence.
• Audit observations may face management resistance, necessitating strong interpersonal skills to ensure agreement and documentation of necessary actions.
• Audit reports are presented to senior management and shareholders and receive high-profile exposure.

Key Responsibilities

• Report significant changes identified during the audit process to ensure completeness and accuracy of audit coverage.
• Contribute to the development and update of risk assessment and audit plans to ensure all relevant key activities are identified, prioritised, and audited as necessary.
• Plan complex audits by analysing business processes and preparing risk assessments to determine controls to be tested. Prepare audit scope, objectives, and program steps, and obtain approval for the plan. Formulate and agree audit plans, scope, and objectives with auditees.
• Conduct complex audit fieldwork by coordinating audit teams and testing controls and compliance with policies, procedures, and agreed practices.
• Prepare internal audit reports, audit plans, progress reports, early reports on potential significant findings, and review audit reports prepared by other auditors.
• Conduct follow-up of prior audit observations to ensure agreed actions are implemented. Supervise follow-up work conducted by audit staff.
• Train and develop auditors "on the job" regarding audit standards, audit process, business processes, observation, and report writing to ensure continuous development of the talent pool.
• Support shareholder audits and any other external audits coordinated through the audit department to ensure successful completion.
• Conduct special reviews under supervision as requested to address specific concerns of senior management.

Requirements

• Bachelor's degree in Accounting, Business Administration, Engineering, or equivalent.
• 10 years of relevant experience in the oil & gas industry in internal audit, compliance, risk management, inspections, or testing roles, including 3 years in middle management or supervisory roles.
• Good knowledge of the oil & gas or LNG business, specifically key processes, key risks, and key controls.
• Good awareness of corporate governance and risk management processes.