Senior Manager - Internal Audit - Hospitality Firm

Senior Manager - Internal Audit

Job Title : Senior Manager - Internal Audit

Reporting to : Chief of Internal Audit

Job Summary :

- As the Senior Manager - Internal Audit, you will play a vital role in ensuring the effective and efficient operation of the internal audit function.

- You will be responsible for evaluating and improving the effectiveness of internal controls, risk management processes, and governance practices.

- This position requires a deep understanding of the hospitality industry and the ability to lead a team in a dynamic and fast-paced environment.

Key Responsibilities :

- Develop and implement a comprehensive internal audit framework for hotels, airline catering and allied businesses, covering all areas of operations, including finance, revenue, operations, procurement, and compliance.

- Plan and execute internal audit engagements to assess the adequacy and effectiveness of internal controls, risk management processes, and compliance with company policies and procedures.

- Conduct risk assessments to identify potential areas of risk and develop appropriate audit plans to mitigate those risks.

- Lead a team of in house and co-sourced internal auditors, providing guidance, training, and mentoring to ensure the team's professional development and the successful execution of audit engagements.

- Review and evaluate the reliability and integrity of financial and operational information, the effectiveness of internal controls, and compliance with applicable laws and regulations.

- Prepare comprehensive, well researched, data driven audit reports with findings and recommendations to management, highlighting areas for improvement and proposing corrective actions.

- Prepare highly insightful presentations and audit findings for periodic briefing of senior management and board.

- Collaborate with senior management and department heads to develop and implement action plans to address audit findings and improve internal controls and processes.

- Monitor and track the implementation of audit recommendations to ensure timely and effective resolution.

- Stay updated on industry best practices, emerging risks, and regulatory changes to continuously improve the internal audit function and maintain compliance with relevant standards.

- Foster a culture of ethics, integrity, and accountability within the organization, promoting awareness of internal controls and risk management practices.

Qualifications and Experience :

- Chartered Accountant with at last 10 years of relevant post qualification experience. Additional professional certification (e.g., CISA, CIA, CFE) would be highly desirable.

- Minimum of 10 years of experience in internal auditing, preferably within the hospitality industry, with a strong focus on financial and operational controls.

- Proficiency in using audit and dash boarding tools, data analytics, and enterprise resource planning (SAP) systems for audit purposes.

- Proven experience in leading and managing a team of internal auditors.

- In-depth knowledge of auditing principles, practices, and standards (SIA, AS, IFRS, CARO), as well as a solid understanding of risk management and control frameworks (COSO, COBIT).

- Familiarity with hospitality industry operations, including revenue management, uniform system of accounting, food and beverage, front office, and back-office processes.

- Strong analytical and problem-solving skills, with the ability to assess complex situations, identify root causes, and provide practical recommendations.

- Excellent written and verbal communication skills, with the ability to effectively communicate audit findings, recommendations, and action plans to senior management.

- High level of integrity and ethical behaviour, with a commitment to maintaining confidentiality and professionalism.

- Ability to work independently, manage multiple priorities, and meet deadlines in a fastpaced and dynamic environment.