Internal Auditor – Contracting Operations

Overview

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