Audit Associate

Job Title: Auditor

Department: Internal Audit

Reports To: Leader Auditor/Senior Auditor

Subordinates: None

Job Purpose:

To independently perform and execute comprehensive audits across various domains within the organization, ensuring financial accuracy, inventory integrity, compliance with internal policies, and operational efficiency. The Auditor will support the Internal Audit department's goal of maintaining high standards of operational integrity and compliance across all areas.

Job Summary:

The Auditor is responsible for conducting thorough audits under the guidance of Senior Auditors. This role involves auditing financial transactions, inventory management, and internal operational processes across retail operations, warehouses, and other departments. The Auditor will utilize the PERP (ERP) system and other audit tools to identify discrepancies, assess compliance, and recommend improvements. The Auditor will be capable of working independently or as part of a team under any of the Senior Auditors to ensure comprehensive audit coverage and adherence to standards.

Key Result Areas and Functions:

Audit Execution

• Conduct thorough audits of financial records, inventory systems, and operational processes, ensuring adherence to internal policies.
• Utilize the PERP system to verify accuracy in financial transactions and inventory management.
• Document audit findings accurately and prepare detailed reports for review by Senior Auditors.
• Perform physical inventory counts and reconciliations to identify discrepancies.
• Execute audit activities efficiently, with minimal disruption to daily operations.

Risk Assessment and Compliance

• Perform risk assessments related to financial discrepancies, inventory control issues, and compliance with internal policies.
• Develop and implement strategies to address identified risks and enhance accuracy.
• Monitor the effectiveness of risk mitigation strategies and adjust as necessary based on evolving conditions.
• Provide recommendations on strengthening internal controls based on audit findings.
• Stay updated with best practices to ensure ongoing compliance with internal policies.

Incident Response and Coordination

• Manage responses to significant discrepancies or losses, ensuring proper procedural handling.
• Coordinate with relevant departments and authorities to address audit-related incidents.
• Liaise with the internal legal team to ensure actions are compliant and documented correctly.
• Develop and maintain response plans for various scenarios, ensuring all relevant parties are informed and prepared.
• Conduct post-incident analyses to evaluate response effectiveness and recommend improvements.

Reporting and Recommendations

• Compile findings from audits into comprehensive reports, detailing financial and inventory integrity and process adherence.
• Present audit findings to relevant department heads and suggest actionable improvements.
• Facilitate meetings to discuss audit outcomes and areas for improvement.
• Oversee the implementation of audit recommendations within various departments.
• Prepare summaries of audit outcomes and ongoing challenges for internal reporting.

Continuous Improvement and Development

• Participate in training programs to enhance auditing skills and knowledge of advanced techniques.
• Contribute to the development and implementation of innovative audit practices.
• Maintain high performance standards within audit activities.
• Support the organization and facilitation of training sessions for audit teams.
• Continuously review and suggest improvements to audit processes to increase efficiency and effectiveness.

Job Qualifications:

Education and Training:

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• CPA certification preferred but not required.
• Additional professional certifications (such as CIA, CISA) beneficial.

Knowledge and Experience:

• At least 2 years of auditing experience, preferably in a retail, inventory, financial, or compliance auditing environment.
• Proficient with audit systems and tools.
• Strong understanding of internal policies and best practices in auditing.

Competencies:

• Detail-Oriented: High attention to detail for identifying errors and inconsistencies.
• Analytical Skills: Ability to analyze data and identify risks and inefficiencies.
• Communication: Strong skills in documenting and presenting audit findings clearly.
• Team Collaboration: Ability to work effectively both independently and as part of an audit team.
• Problem-Solving: Proficient in identifying issues and recommending improvements.
• Adaptability: Capable of working under various Senior Auditors and adjusting to different audit focus areas.

Job Type: Full-time

Pay: Php18, Php20,000.00 per month

Benefits:

• Opportunities for promotion
• Promotion to permanent employee

Education:

• Bachelor's (Preferred)

Work Location: In person