Internal Audit Manager

Role Purpose

Provide independent, objective assurance and consulting services designed to add value and improve the company's operations. The role assesses the effectiveness of risk management, control, and governance processes across all departments, ensuring that company resources are protected and compliance is maintained. The Internal Audit Manager reports administratively to the Chief Executive Officer and functionally to the Risk & Audit Committee, and must maintain independence from the activities being audited.

Key Responsibilities

1. Audit Planning

• Develop and execute a risk-based Annual Internal Audit Plan covering financial, operational, and compliance risks across property development operations. Submit the plan to the Risk & Audit Committee for approval and revise it as the company's risk profile changes.

2. Operational and Financial Audits

• Review internal controls within the Accounting & Finance Department, Procurement Office, and Commercial Department to ensure operational efficiency and to safeguard company assets.

3. Construction and Project Cost Review

• Conduct independent reviews of project cost controls, contractor payment processes, and supply chain integrity to identify cost leakages, duplication, or inefficiencies in construction operations.

4. Compliance and Governance

• Assess adherence to internal policies, Cambodian Labour Law, tax regulations, and Board directives. Evaluate whether governance processes are operating as intended across all departments.

5. Fraud Risk Management

• Promote fraud awareness across the organization and provide independent investigation support for suspected irregularities, where authorized by the Risk & Audit Committee.

6. Audit Reporting and Follow-Up

• Draft clear, concise audit reports detailing findings, business impacts, and practical recommendations for management. Track and follow up management's corrective action plans to ensure recommendations are implemented within agreed timelines.

Responsibilities by General and Functional Management

General Management Responsibilities

1. Develop and submit the risk-based Annual Internal Audit Plan to the Risk & Audit Committee for approval.
2. Provide independent assurance to the Risk & Audit Committee and the CEO on the effectiveness of risk management, internal control, and governance.
3. Recommend improvements to internal controls, policy amendments, and risk mitigation strategies.
4. Escalate fraud suspicions, critical control failures, and management non-compliance directly to the Risk & Audit Committee and the CEO.
5. Maintain the independence and objectivity of the internal audit function in every engagement.
6. Report periodically to the Risk & Audit Committee on audit coverage, significant findings, and outstanding management actions.

Functional Management Responsibilities

1. Execute the approved annual audit plan covering financial, operational, and compliance risks across property development operations.
2. Determine audit testing methodologies and sampling techniques, and finalize independent audit findings.
3. Review internal controls within the Accounting & Finance Department, Procurement Office, and Commercial Department.
4. Conduct independent reviews of project cost controls, contractor payment processes, and supply chain integrity.
5. Assess adherence to internal policies, Cambodian Labour Law, tax regulations, and Board directives.
6. Provide independent investigation support for suspected irregularities where authorized by the Risk & Audit Committee.
7. Draft audit reports setting out findings, business impact, and practical recommendations for management.
8. Track and follow up management corrective action plans to ensure recommendations are implemented within agreed timelines.

Other Responsibilities

1. Promote fraud awareness and understanding of internal control across all departments.
2. Liaise with external auditors and regulatory authorities where required for compliance verification.
3. Maintain audit working papers, evidence files, and documentation to professional standards.
4. Perform other assurance tasks assigned by the Risk & Audit Committee or the Chief Executive Officer.

Performance Metrics

• Completion of the approved annual audit plan within the agreed schedule.
• Percentage of audit recommendations accepted by management.
• Percentage of agreed corrective actions implemented within the agreed timeline.
• Quality and timeliness of audit reports submitted to the Risk & Audit Committee.
• Number of repeat findings carried over from previous audit cycles.
• Value of control weaknesses, cost leakages, or recoveries identified.

Key Deliverables: First 12 Months

1. Approved Internal Audit Charter defining the function's scope, authority, and independence.
2. Risk-based Annual Internal Audit Plan approved by the Risk & Audit Committee.
3. Documented audit methodology, working paper standards, and reporting templates.
4. Completion of at least [ ] audit engagements across finance, procurement, and construction.
5. Audit findings register with tracked management action plans.
6. First annual assurance report presented to the Risk & Audit Committee.

Core Competencies

• Independence and objectivity
• Professional skepticism and analytical thinking
• Risk assessment and internal control evaluation
• Governance and regulatory compliance knowledge
• Constructive engagement with department heads
• Uncompromising integrity and confidentiality

Qualifications & Experience

• Bachelor's or Master's Degree in Accounting, Finance, Risk Management, or Business Administration
• ACCA, CPA, or Certified Internal Auditor (CIA) (required)
• 5-8 years of experience in auditing or risk management
• Experience in real estate, property development, or construction highly preferred
• Strong understanding of financial auditing, operational risk assessment, corporate governance, and Cambodian regulatory compliance
• Excellent bilingual communication in Khmer and English, able to present complex findings to the Board and executive management
  
  Interview Process:
  2 to 3 Rounds
  Recruiter Contact Details:
  Sreyleak Khiev
  [email protected]
  + 855 70680181 (Phone/Telegram)
  + 855 017500080 (WhatsApp)