Role: Deputy General Manager Audit | Department: Internal Audit | City: Lahore | Place of Work: Lahore | Employment Type: Full Time

Eligibility / Qualification Required:

Job Summary:

The Deputy General Manager (DGM) Audit is responsible for assisting the Group GM Audit in leading and managing the internal audit function across the organization. This role involves planning, executing, and overseeing assigned compliance, financial, and operational audits, as well as special projects, in accordance with the approved audit plan and departmental programs. The position ensures the effectiveness of internal controls, risk management, and governance processes while maintaining compliance with applicable policies, procedures, and regulatory requirements.
Job Description:
• Assist in developing the Annual Audit Plan by assessing and prioritizing risks at both entity and business unit levels.
• Ensure audit resources are effectively allocated to key risk areas, maintaining a balance between pre-audit activities and risk-based audit coverage.
• Incorporate management-requested pre-audit reviews to minimize errors, ensure compliance, and provide early assurance on operational and financial processes.
• Lead and enforce stringent pre-payment and pre-transaction audit controls to proactively identify risks, prevent errors, and ensure compliance with approved policies and procedures.
• Conduct pre-audit assessments of proposed transactions, processes, and controls prior to execution.
• Provide advisory support to management and business units on control adequacy, risk mitigation, and compliance requirements.
• Facilitate workshops and advisory sessions to enhance risk awareness and strengthen internal control frameworks across the organization.
• Identify, evaluate, and investigate red flags, anomalies, and potential irregularities during pre-payment and transaction audits by analyzing supporting documentation, transaction patterns, and control gaps;
• Ensure timely escalation of critical issues to senior management, recommend corrective and preventive actions, and monitor resolution to mitigate risks and prevent fraud or financial loss.
• Guide and supervise the audit team in planning and executing audit fieldwork in accordance with the Annual Audit Plan and ad hoc assignments.
• Ensure effective audit execution through:
• Defining audit scope, objectives, priorities, and resource allocation
• Updating audit risk matrices and audit programs
• Understanding business processes and gathering relevant background information
• Ensuring audit procedures address key identified risks
• Coordinating audit activities with business units and stakeholders
• Overseeing qualitative and quantitative testing and evaluating internal control systems.• Oversee the development of audit findings and recommendations, ensuring alignment and agreement with auditees on corrective actions.
• Prepare periodic reports for senior management on audit progress, key findings, and overall effectiveness of the Internal Audit function.
• Monitor and follow up on management action plans to ensure timely implementation and closure of audit observations.
• Support in maintaining and updating the Internal Audit Charter, Audit Manual, policies, and related documentation.
• Allocate and monitor audit assignments, including planned and ad hoc reviews.
• Ensure adherence to professional auditing standards and best practices, exercising sound professional judgment.• Examine and evaluate the adequacy and effectiveness of information systems and business controls.
• Review the reliability and integrity of financial information and ensuring control over its publication for projecting a sound financial profile.
• Build and maintain effective working relationships with senior management, executives, and staff.
• Provide independent assessments on the adequacy and effectiveness of internal controls in managing business risks.
• Advise business units on strengthening internal controls, implementing best practices, and incorporating lessons learned from prior audits.
• Support management in identifying, assessing, and mitigating risks, including development of risk profiles and mitigation strategies.
• Ensure strict confidentiality and secure handling of all audit-related information.
• Undertake special investigations and assignments as requested by management, the Board Audit Committee (BAC), or CEO.
• Perform any other duties related to internal audit as assigned by senior management.
• Review contractual agreements for civil works to ensure compliance with technical specifications, BOQs, and applicable standards.
• Evaluate contractor work specifications, drawings, and methodologies for alignment with approved designs and contractual requirements.
• Assess raw material samples for quality, cost-effectiveness, and suitability as per project specifications.
• Oversee verification of invoices and physical inspection of executed works to validate quantities and quality against BOQs and specifications.
• Review and certify contractor bills by reconciling billed quantities with actual work executed in line with contract terms.
• Engage and collaborate with Quantity Surveyors and technical specialists to validate quantities, BOQs, cost estimates, and executed works, ensuring compliance with contractual and engineering standards.

EDUCATION and/or EXPERIENCE:
Education:                   Qualified Chartered Accountant (CA), Certified Internal Auditor (CIA), or an equivalent recognized professional qualification in accounting, finance, or audit.
Experience:                5 to 10 years of relevant post-qualification (PQ) experience in internal audit, external audit, or risk management, preferably within a manufacturing or diversified business environment.
Supervisory Responsibilities:
• Lead, supervise, and manage Senior Manager/Manager Internal Audit and audit staff, ensuring effective execution of audit assignments, performance management, and professional development of the team.
Technical Skills
Audit & Compliance Knowledge: Understanding of internal audit procedures, risk assessment, and regulatory compliance.
Financial Analysis: Ability to review financial records, identify discrepancies, and analyze financial data.
Analytical & Problem-Solving: Capability to evaluate processes, identify issues, and recommend improvements.
Attention to Detail: Ensuring accuracy in audit reports, documentation, and financial reviews.
Communication & Presentation: Ability to prepare reports and present findings to management.
Report Writing: Preparing professional audit reports with recommendations.
ERP / Accounting Systems: Knowledge of Oracle ERP EBS, audit tools, and financial systems.
Time Management: Ability to manage audit schedules and meet deadlines.

How to Apply:

Apply through the official Master Group job detail page.
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