Internal Auditor - Construction Industry Background (East London)

An internal auditor for a construction company plays a crucial role in ensuring that the company's operations are efficient, compliant, and financially sound. The role is essential for maintaining financial integrity, operational efficiency, and regu

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Duties and Responsibilities:

1. Risk Assessment:
   • Identify and evaluate risks related to construction projects, including financial, operational, and compliance risks.
2. Compliance Checks:
   • Ensure adherence to local, state, and federal regulations, as well as industry standards and company policies.
3. Financial Audits:
   • Review financial statements, budgets, and forecasts to ensure accuracy and integrity.
   • Assess cost management practices and identify areas for cost control.
4. Operational Audits:
   • Evaluate project management processes, scheduling, and resource allocation to improve efficiency and effectiveness.
   • Review procurement practices and vendor management.
5. Internal Controls:
   • Assess the effectiveness of internal controls and recommend improvements to mitigate risks.
6. Reporting:
   • Prepare audit reports detailing findings, risks, and recommendations for management.
   • Present findings to senior management and the board, if necessary.
7. Follow-up:
   • Monitor the implementation of audit recommendations and ensure corrective actions are taken.
8. Training and Support:
   • Provide guidance and training to staff on compliance and best practices.

Areas of Focus:

• Project Management: Review adherence to project timelines and budgets.
• Health and Safety Compliance: Ensure the company meets safety regulations and standards on job sites.
• Subcontractor Management: Evaluate the effectiveness and reliability of subcontractors and suppliers.
• Change Orders: Review and audit change orders for appropriateness and adherence to contract terms.
• Environmental Compliance: Ensure compliance with environmental regulations and sustainability practices

Experience:

• 5 years work experince in a finance/audit environment in a construction environment
• Accounting Degree or Diploma
•  Strong understanding of construction processes and industry standards
• Knowledge of accounting principles and financial analysis
• Familiarity with regulatory requirements in the construction industry
• Analytical skills to assess risk and identify areas for improvement.
• Excellent communication skills for reporting and training purposes.

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