Internal Auditor – Retail / Hypermarket / FMCG Experience Required

About the Role

1. Internal Audit Planning & Execution

• Develop and implement a risk-based internal audit plan tailored to hypermarket operations
• Conduct financial, operational, and compliance audits across all departments
• Perform process walkthroughs, control testing, and sample-based audit procedures
• Execute surprise audits and spot checks, particularly in high-risk areas
• 2.
• Retail & Operational Risk Audits (Core Focus)
• Assess and audit critical retail areas including:
• Inventory management, shrinkage control, and stock movement
• POS systems, revenue leakage, and transaction integrity
• Pricing accuracy and promotional compliance (shelf vs POS)
• Cash handling, float management, and cashier controls
• Warehouse operations, access control, and logistics processes
• Procurement, supplier agreements, rebates, and commercial terms
• Identify and evaluate fraud risks, operational inefficiencies, and control weaknesses

3. Internal Controls & Governance

• Evaluate effectiveness of internal controls and segregation of duties (SoD)
• Review access controls across ERP, POS, warehouse, and financial systems
• Ensure compliance with company policies, SOPs, DOA, and UAE regulations
• Assess design and implementation of controls during pre-opening phase
• 4.
• People & Process Risk (Critical in Retail)
• Assess risks related to:
• Staff roles, responsibilities, and access rights
• Cashier and operational staff behavior risks (fraud, errors, collusion)
• Segregation of duties across departments
• Payroll, attendance, and potential ghost employee risks
• Work closely with HR and management to evaluate human-factor risks impacting controls

5. Audit Reporting & Follow-Up

• Prepare clear, structured, and risk-rated audit reports (High / Medium / Low)
• Quantify financial and operational impact of identified risks
• Present findings and recommendations to senior management
• Monitor and follow up on implementation of corrective actions

6. Advisory & Continuous Improvement

• Provide independent advisory support on:
• Internal controls
• Risk management
• Process improvements
• Support management in establishing a strong control environment prior to and after store opening

Authority & Independence

• Full access to records, systems, staff, and operational areas
• Authority to conduct independent reviews and investigations
• Direct reporting line to senior management
• Must not participate in operational or financial approvals to maintain independence

Mandatory Requirements

• Bachelor’s Degree in Accounting, Finance, or Business Administration
• Professional certification (CIA, ACCA, CPA) preferred
• Minimum 5–7 years of experience in internal audit / audit / finance roles
• **MANDATORY: Proven hands-on experience in retail, hypermarket, or FMCG environment**

Essential Experience & Knowledge

• Strong expertise in:
• Inventory control, shrinkage, and stock audit
• POS systems, transaction controls, and revenue assurance
• Procurement processes, supplier agreements, and rebates
• High-volume retail operations and risk environments
• Ability to identify:
• Fraud schemes
• Revenue leakage
• Operational control failures

Key Skills & Competencies

• Strong analytical and investigative mindset
• Ability to think in terms of risk and financial impact
• High level of integrity, independence, and professional judgment
• Strong communication and reporting skills
• Ability to work independently in a fast-paced operational environment

Why Join Us

• Be part of an exciting hypermarket launch and build systems from the ground up
• Play a key role in establishing governance and internal control frameworks
• Work closely with senior leadership and influence business decisions
• Make a direct impact on operational excellence and risk management