Job Details
Division
Group Head Office
Department
Compliance
Job Title
Internal auditor
Job Category
 
Reports directly to
CEO
Head Count
 
Prepared on
Date
Revised on
Date

Organizational Profile
Stars Group is a dynamic organization, deeply invested in empowering and celebrating our teams across a broad spectrum of sectors. Our diverse portfolio represents our commitment to excellence, innovation, and sustainable growth. While each sector may vary in its offerings, our core values remain consistent: authenticity, societal impact, and a focus on both employee and customer satisfaction. Regardless of the arena, our teams remain at the heart of our endeavors. Together, across our vast investment landscape, we pledge to create an environment that fosters collaboration, transformative experiences, and unwavering growth.
 
Department
 
The Internal Audit Department is responsible for evaluating and improving the effectiveness of risk management, control, and governance processes within an organization. This department conducts audits, assesses compliance with laws and regulations, identifies areas for improvement, and provides recommendations to enhance operational efficiency and ensure financial integrity. Its ultimate goal is to add value and support the organization in achieving its objectives.

Job Summary 
The Internal Auditor is responsible for assessing and improving the effectiveness of risk management, control, and governance processes across all departments, including Finance, Human Resources, Retail, Operations, Logistics, and Marketing. This role involves conducting audits, ensuring compliance with regulations, and providing recommendations for process improvements.
Key Responsibilities:
Financial Auditing:
Budget Review: Analyze and verify the accuracy of budgets prepared by different departments, ensuring alignment with organizational goals.
Financial Statements Examination: Review balance sheets, income statements, and cash flow statements to ensure compliance with accounting standards.
Transaction Testing: Perform thorough testing of financial entries, ensuring accuracy in journal entries, and compliance with established accounting policies.
Bank Reconciliations: Review bank reconciliation statements to ensure accuracy in recording and resolving discrepancies between bank statements and company records.
Sales Auditing: Assess sales transactions and invoicing processes to ensure they are accurately recorded and compliant with internal controls.
Invoice Verification: Ensure that all invoices are properly authorized and recorded, and match with corresponding purchase orders.
Human Resources Auditing:
Payroll Verification: Validate all payroll entries, including deductions and bonuses, ensuring compliance with organizational policies and regulations.
Social Security Compliance: Review compliance with social security contributions and verify correct calculations for all employees.
Loan and Advance Verification: Audit all employee loan and advance requests to ensure they are appropriately documented and authorized.
Policy Compliance: Assess adherence to HR policies and procedures regarding employee benefits, health insurance, and allowances.
Documentation Review: Ensure that all HR documentation is accurate, complete, and compliant with legal requirements and company policies.
Operations Auditing:
Operational Process Review: Examine operational processes and procedures to identify inefficiencies and recommend improvements.
Control Assessment: Evaluate the effectiveness of internal controls related to operational activities, ensuring adherence to established protocols.
Performance Metrics Analysis: Analyze key performance indicators (KPIs) to assess the efficiency and effectiveness of operational activities.
Retail Auditing:
Reporting Analysis: Review sales reports and performance metrics to evaluate retail operations and identify trends.
Purchase Orders Verification: Ensure that all purchase orders are properly authorized and documented, matching them with invoices received.
Inventory Management: Conduct audits of inventory levels and processes to prevent loss and ensure accurate reporting.
Stocktaking: Verify the accuracy of physical inventory counts and reconcile with recorded inventory data.
Marketing Auditing:
Advertising Campaign Audit: Evaluate the effectiveness of advertising campaigns, analyzing metrics and return on investment (ROI).
Payment Order Review: Review payment orders related to marketing expenses to ensure proper authorization and documentation.
Supplier Transactions Review: Assess transactions with external vendors to ensure compliance with contracts and budgetary constraints.
Logistics Auditing:
Shipping Operations Review: Audit shipping processes and ensure compliance with logistical standards and procedures.
Invoice Verification: Review logistics invoices to ensure accuracy and alignment with service agreements and delivery records.
Follow-Up on Issues: Monitor and follow up on logistical issues, ensuring timely resolution of discrepancies in shipping and invoicing.
Reporting:
Audit Reports: Prepare detailed audit reports outlining findings, risks, and recommendations for each audited area.
Management Communication: Present audit findings to management, providing actionable insights for decision-making.
Follow-Up on Recommendations: Monitor the implementation of audit recommendations, ensuring corrective actions are taken.
Risk Assessment:
Comprehensive Risk Analysis: Conduct thorough risk assessments across all departments to identify potential vulnerabilities and areas of concern.
Development of Mitigation Strategies: Formulate and recommend strategies to minimize identified risks and enhance internal controls.
Conclusion:
The Internal Auditor plays a critical role in maintaining the integrity and efficiency of operations across various departments. This position requires strong analytical skills, attention to detail, and effective communication abilities to drive continuous improvement and ensure compliance with organizational policies and regulations.
 
 
 
 
 
 
 
 
 
 
Organization Values 
Responsible & Responsive Service: Upholding commitments and demonstrating reliability; taking proactive actions and addressing concerns promptly; valuing feedback and seeking improvement; demonstrating accountability in every task; serving with dedication and being attentive to needs.
Integrity: Acting in a way that is consistent with what one says, doing the right thing, even when no one is watching. It's about being honest, straightforward, reliable, responsible, and consistent in all interactions.
Empowerment: Building capacities; fostering self-reliance and confidence; promoting innovative thinking and autonomy; respecting individual aspirations and perspectives; championing the potential of every employee.
Customer & Employee Centric: Valuing feedback and insights from both our cherished customers and dedicated employees; recognizing and appreciating their pivotal roles; acting with understanding and empathy; fostering a culture of open communication and mutual growth; prioritizing their needs and aspirations in every endeavor we undertake.
Striving for Excellence: Continuously aiming for the highest standards, embracing challenges as growth opportunities, and inspiring others through our dedication to improvement and results.
Social Responsibility/Sustainability: Actively prioritizing our planet and communities by embedding sustainable practices in our actions, understanding our long-term impact, and collaborating for a more ethical and sustainable future

Qualifications, Experience And Skills – Selection Criteria
 
ESSENTIAL
PREFERRED
Education
Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
Master’s degree is a plus.
 
Experience
Minimum of 5 years of experience in internal auditing, public accounting, or a related field.
Experience in risk assessment and compliance audits is preferred.
Familiarity with industry standards and best practices in auditing.
 
Certification and Licensure
Accountant or a related field
Accountant (CPA) preferred.
Certified Internal Auditor (CIA) or Certified Public
Additional certifications such as Certified Information Systems Auditor (CISA) or Certified Fraud Examiner (CFE) are a plus.
Job-Specific Skills and Abilities
Job-Specific Skills and Abilities:
Strong analytical and problem-solving skills with attention to detail.
Excellent written and verbal communication skills for report writing and presentations.
Ability to work independently and as part of a team in a fast-paced environment.
Proficient in audit software and Microsoft Office Suite (Excel, Word, PowerPoint).
Knowledge of regulatory requirements and compliance standards.
 

Verification
The position holder and hiring manager have read and discussed the job description and agree that it accurately describes the position.
 
Position Holder
 
 
Signature
 
 
 
 
Signature
 
Line Manager
 
 
Signature
Date
Date