Commercial & Financial Auditor

Purpose of the Position

To independently evaluate commercial, contractual, procurement, and financial activities of EPC projects and corporate operations, ensuring compliance with company policies, contractual obligations, financial regulations, and internal control requirements while safeguarding the company's financial and commercial interests.

Key Responsibilities

Commercial Audits

• Audit tendering, bidding, contract administration, and change order processes.
• Review contract compliance, claims, variations, and subcontract management.
• Assess commercial risks affecting project profitability.

Financial Audits

• Audit project budgets, cost controls, expenditures, revenue recognition, and cash flow.
• Review accounts payable, accounts receivable, and project financial reporting.
• Verify compliance with accounting standards and company financial policies.

Procurement Audits

• Review procurement planning, vendor selection, bid evaluations, purchase orders, and payment processes.
• Verify procurement complies with approved policies and delegated authority limits.

Internal Controls

• Evaluate the effectiveness of financial and commercial internal controls.
• Review segregation of duties, approval authorities, and compliance with company procedures.
• Identify control weaknesses and recommend improvements.

Risk Management

• Identify commercial, financial, contractual, procurement, taxation, and fraud risks.
• Conduct investigations into irregularities where required.
• Recommend mitigation strategies and monitor implementation.

Reporting

• Prepare audit reports, risk assessments, and management presentations.
• Track corrective actions until closure.
• Support the development of the annual audit plan.

Qualifications

• Bachelor's degree in Accounting, Finance, Commerce, Business Administration, or a related field.
• Professional qualification such as CA (part qualified), ACCA (Part qualified), CIA, or CMA (part qualified) is preferred.

Experience

• 8–12 years of experience in Internal Audit, Finance, Commercial Management, Cost Control, or Contract Management within an EPC or project-based organization.
• Experience in auditing EPC contracts, procurement, and project finance is highly desirable.

Skills

• Strong knowledge of EPC contracts, procurement, project costing, and financial controls.
• Understanding of IFRS/local accounting standards and internal audit methodologies.
• Experience with ERP systems
• Strong analytical, negotiation, communication, and report-writing skills.
• High ethical standards and the ability to maintain confidentiality and independence.

Work Location: In person