Internal Audit Manager

About the Company

Reef Holding is focused on upholding strong governance, openness, and accountability throughout its operations. The organization is looking for a seasoned Internal Audit Manager to oversee the internal audit function and reinforce risk management and internal control practices across the group and its subsidiaries.

Role Overview

In this position, you will build and carry out a risk-based annual audit plan, perform independent reviews of financial and operational activities, and share your conclusions with executive leadership and the Audit Committee. The role is central to improving controls, supporting efficiency, and ensuring adherence to approved policies and procedures.

Key Responsibilities

• Create and maintain the annual risk-focused internal audit plan and secure Audit Committee approval.
• Ensure audit coverage spans financial, operational, compliance, and governance matters across the group and its subsidiaries.
• Evaluate financial, operational, and regulatory risks and keep risk/control matrices updated with the relevant teams.
• Carry out both planned and unannounced audits across departments, branches, and business activities.
• Assess whether internal controls and financial/operational processes are working effectively.
• Examine accounting records, financial transactions, and reporting processes for accuracy and compliance.
• Detect control gaps, policy non-compliance, and underlying causes of issues.
• Recommend practical corrective actions and preventive measures.
• Track the progress of audit recommendations and confirm closure within agreed timeframes.
• Prepare audit reports and present findings, risk insights, and recommendations to executive management and the Audit Committee.
• Work with external auditors to support coordination and prevent overlap in audit efforts.
• Help improve policies and procedures to strengthen governance and organizational compliance.
• Build proactive audit tools using data analysis and performance indicators.
• Review operational efficiency and identify opportunities to improve effectiveness.
• Contribute to reviews of major projects and strategic initiatives from a risk and control standpoint.
• Develop audit approaches and introduce modern audit and analytics tools such as ACL and Power BI.
• Maintain independence, objectivity, and confidentiality throughout all audit work.
• Carry out other audit and oversight tasks assigned by the Group CEO or Audit Committee within approved authority.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related discipline.
• 7 to 9 years of relevant experience in internal audit, risk management, or internal controls.
• Strong understanding of IIA Standards and the International Standards for the Professional Practice of Internal Auditing.
• CIA certification is highly preferred.
• Background in enterprise risk management, governance, and compliance frameworks.
• Fluency in both Arabic and English.

Technical Skills

• Ability to design and execute annual audit plans.
• Strong capability in analyzing risks and internal controls.
• Good understanding of financial and operational policies and procedures.
• Experience following up on audit findings through closure.
• Proficiency with ACL, Power BI, and Excel for audit analytics.
• Strong report-writing and presentation skills for senior leadership and the Audit Committee.

Performance Measurement

Success in this role will be measured against approved KPIs, including completion of the annual audit plan, timely closure of audit findings, strength of internal controls, quality of audit reports and recommendations, and overall improvement in compliance across the organization.

Why Join

This is a leadership opportunity to protect the organization’s integrity and strengthen governance practices. You will work closely with executive leadership and the Audit Committee to promote transparency, accountability, and long-term business growth.

Additional Information

Job type: Full-time. Location: Riyadh, Saudi Arabia. The role is onsite.