Internal Auditor – Contracting Operations

Job Purpose:

To support the Head of Internal Audit in providing independent assurance over the effectiveness of internal controls, risk management, and governance processes across the Group’s contracting businesses. The role will focus on project execution, procurement, cost control, subcontractor management, and compliance with approved policies, DOA, and contractual obligations.

Key Responsibilities:

1\. Audit Planning \& Execution

• Execute risk-based internal audits across contracting operations, including project sites and head office functions
• Perform end-to-end audits covering:

Ø Project lifecycle (bidding, estimation, execution, and closure)

Ø Procurement and subcontractor management

Ø Cost monitoring, budgeting, and variation orders

• Identify control gaps, inefficiencies, and areas of financial or operational risk

2\. Project \& Cost Control Audits

• Review project budgets versus actual costs and investigate variances
• Assess controls over:

Ø Material usage and wastage

Ø Labor cost allocation

Ø Equipment utilization

• Evaluate the integrity of project reporting and cost-to-complete estimates

3\. Procurement \& Contract Management

• Audit procurement processes to ensure compliance with policies and DOA
• Review vendor selection, tendering processes, and contract awards
• Evaluate subcontractor agreements, billing, and performance monitoring
• Identify risks of overpricing, conflict of interest, or non-competitive sourcing

4\. Compliance \& Governance

• Ensure adherence to approved Policies \& Procedures, DOA, and Management Memos
• Review exceptions and confirm proper approvals are obtained (CEO/Chairman where applicable)
• Assess regulatory and contractual compliance within project execution

5\. Site Audits \& Operational Reviews

• Conduct periodic site visits to verify:

Ø Physical progress vs reported progress

Ø Inventory and material controls

Ø Site-level compliance with policies and safety procedures (high-level review)

• Identify operational inefficiencies and leakages at site level

6\. Reporting \& Follow-Up

• Prepare clear, concise audit reports highlighting key risks and actionable recommendations
• Track implementation of audit recommendations and report status to Head of Internal Audit
• Escalate critical findings and control weaknesses in a timely manner

7\. Advisory Role

• Provide practical recommendations to improve processes without compromising independence
• Support management in strengthening internal controls and operational efficiency
• Assist in developing and updating audit programs specific to contracting business risks

Key Skills \& Competencies:

• Strong understanding of contracting/construction business processes
• Practical knowledge of project costing, BOQs, and contract management
• Risk-based audit approach with attention to detail
• Ability to work independently and conduct site audits
• Strong analytical and problem-solving skills
• Effective communication and report writing skills
• High level of integrity and professional skepticism

Requirements

• Bachelor’s degree in engineering, Accounting, Finance, or related field

• Professional certifications preferred (e.g., CPA, ACCA, CIA, or equivalent)
• 5–8\+ years of experience in:

Ø Internal Audit / External Audit with contracting exposure, or

Ø Commercial / Cost Control / Project Finance roles within contracting companies

• Experience in ERP systems (e.g., Oracle, SAP, or similar) is an advantage