Senior/Audit Advisor

About the Company – MariEnergies is one of Pakistan’s largest E&P companies, operating the country’s second-largest gas reservoir at the Mari Field in District Ghotki, Sindh. The company's shares are quoted on all the stock exchanges in Pakistan. MariEnergies is primarily engaged in the exploration, development, and production of hydrocarbon resources (natural gas, crude oil, condensate, and LPG) within the country. The company is also exploring opportunities to expand its business and become a player in the international hydrocarbon market.

In today’s challenging business environment, the source of MariEnergies’ strength and inspiration for future success lies in our human capital. At MariEnergies, we foster value-based HR processes and practices to develop both our human capital and organizational capabilities. This approach has helped us gain a competitive edge by aligning personal aspirations with our corporate vision.

Position Summary:

Assist the Team Lead/Chief Internal Audit in managing the Internal Audit Function in accordance with the Audit Charter, Annual Audit Plan, and the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors. This role is also responsible for risk assessment, audit planning, coordination, execution, and supervision of audit assignments, monitoring, compliance, and finalization of management, operational, and financial audits, along with other assigned activities/roles.

Job Responsibilities:

• Plan and supervise initial and continuous risk assessments of the audit universe and identify and measure key risk areas for all auditable entities during the annual risk assessment exercise.
• Actively contribute to the preparation and development of a flexible annual audit plan using an appropriate risk-based methodology, including any risk or control concerns identified by management.
• Supervise the preparation of engagement plans for assigned audits, allocate audits of different functional activities to team members, and obtain feedback/approval from line control.
• Ensure circulation of audit notifications and information requests to auditee departments before the commencement of audit assignments.
• Lead and conduct opening, periodic, and close-out meetings with auditee departments.
• Prepare/review and recommend changes to audit checklists to address new risks identified during engagement planning.
• Ensure that various risk factors, including key risk areas, are given due weightage when selecting the sample size.
• Monitor and ensure timely execution of assigned audit/review areas, ensuring proper coverage of risk areas as per the engagement plan and effective utilization of available resources.
• Supervise/prepare the development of detailed audit programs for audit assignments.
• Supervise/perform detailed tests of transactions, including vouching, computations, inspections, spot checks, and physical counts.
• Review and evaluate key audit issues identified during fieldwork to ensure they are effectively reported and escalated.
• Review and ensure that working papers for audit engagements are supported by sufficient and appropriate audit evidence to corroborate audit activities performed and conclusions reached.
• Escalate high-priority audit findings to the Chief Internal Audit for immediate action, where necessary.
• Ensure discussion of audit exceptions and recommendations with the auditee, along with audit team members, during the finalization of fieldwork.
• Prepare audit reports in line with the approved format and ensure that all quality benchmarks related to governance, risk management, and control are met before submission to the Team Lead/Chief Internal Audit.
• Ensure maintenance and archiving of all records, reports, and information pertaining to audit assignments as per the approved manual/SOP.
• Ensure rectification of audit findings is checked/verified during subsequent audits.
• Coordinate with the QAIP team for implementation of the QAIP Program.
• Visit JV partners’ offices to lead non-operated audit assignments.
• Carry out inspections, investigations, examinations, or reviews on the advice of the Team Lead/Chief Internal Audit.
• Contribute to development activities and ensure implementation of audit policies, procedures, technology, and guidelines incorporating the latest developments to enhance the effectiveness of internal controls.
• Supervise, coach, and guide team members on an ongoing basis.
• Contribute to common efforts to protect nature and the workplace environment by conducting activities in a healthy, safe, and environmentally responsible manner.
• Participate and contribute to technology and data analytics initiatives as part of the transformation plan.

Qualification:

• A Master’s degree in Finance, Accounts, Business Administration, or a relevant field, OR membership in a recognized body of Professional Accountants, CA Finalist, Certified Internal Auditor (CIA).

Experience:

• At least 5 to 7 years of experience in the Auditing, Finance, or Accounting function.