The Audit Supervisor is responsible for the effective supervision of periodic reviews and audits of existing systems, operational processes and information/data of the assigned business unit.
He/she supervises the team to achieve process improvements, integrity in the financial statements, and effective preservation of company assets that results to maximized revenues, cost saving and profits. He/she will be reporting to the IA&C Manager.
Responsibilities
Risk Management
- Supervises conducting of risk based audit in accordance to approved audit plans, Company’s audit framework and guidelines
- Works with management in handling employee violations of laws, rules, regulations and company standards by supervising investigative procedures and other procedures prescribed under company policies
- Supervises the audit activities and initiate audit techniques that detects fraudulent transactions/activities/reporting within the organization
- Addresses risk issues of the assigned business unit that may impact the organization
Governance
- Checks audit reports and documentation that are completed and reviewed prior to submission to BOD
- Supervises checking of adherence and complete delivery of action plans established in contracts, legal documents and resolutions of governing committees and authorities in the organization
- Initiate updates of IA&C related and applicable laws, rules, regulations, policies and procedures
- Consolidates reports for the management to determine the status of IA&C plans, overall progress in implementing approved recommendations, and identified areas of non-compliance
- Monitors strict adherence to approved audit programs and time budgets
Internal Controls
- Prepares recommendation of new policies and/or revision to improve internal controls of respective functions such as finance, operations and other support function
- Supervises compliance with Company Policies and with relevant best practices standards
- Provides input in improving Audit Framework for the Primer Group
- Supervises the implementation of IA&C plans to ensure quality and continuous improvement in the Primer Group’s internal control processes
- Partners with external auditors during year-end financial assurance and operations review and provides assistance in the disclosure of the internal audit works
- Consolidates financial impact analysis reports relevant to audit scope/business unit.
System
- Examines the management controls within an Information Technology Infrastructure
- Supervises performance of tests check of compliance of the use of the system to establish and maintain data integrity; ensure accessibility security matrix are in place; confidentiality; availability; and operating effectively to achieve organization’s goals/objectives
Operational (Stores, Warehouse, SBU, SBP, Financial)
- Prepare annual audit plan for the assigned units such as Store Operations and Inventory Control, Warehouse Inventory Count, Finance & Accounting Operations Audit, and all other policies and procedures covered & updated in Primer Group’s Policy Portal
- Supervises the audit of cash, fixed assets and inventory of concessions, consignments, freestanding stores and warehouses of the Primer Group of Companies
- Implements the standard auditing policies and procedures covering the scope of audits in the stores
- Supervises the execution of the annual audit plans for the store operations and warehouse inventory count
Supervision of Team Performance
- Conducts regular performance coaching and mentoring to team members
- Recommends and identifies developmental plans of the team members necessary for their skills improvement and career growth
- Responsible for regular performance management such as monitoring of daily audit transactions and compliance to service level agreements
- Ensures compliance and implementation of the code of discipline and procedures to team members
Performs other tasks that may be assigned from time to time
Minimum Requirements/Qualifications
- Bachelor’s Degree in Accounting and must be a Certified Public Accountant (CPA)
- Preferably CIA and/or CISA
- With at least 1 year of experience in Accounting, Audit and FS analysis and preparation
- Preferably with experience working in audit and accounting firms