Senior Director - Capital Project

Job Description:

JOB TITLE: SENIOR DIRECTOR- CAPITAL PROJECT

EXPERIENCE: 15+ Years of Experience

JOB LOCATION: Riyadh, Saudi Arabia

As a Capital Project Senior Director, you will play a crucial role in evaluating and enhancing the effectiveness of internal controls and operating practices within our organization.

This role involves conducting audits, identifying risks, and providing recommendations to improve the efficiency and reliability of capital project management processes. The ideal candidate will have a strong understanding of project management principles, coupled with expertise in internal audit practices.

Responsibilities:

• Evaluate the efficiency of internal controls and operating practices related to budgeting, procurement, contracting, and project execution.
• Plan and execute internal audits of capital projects to assess compliance with policies, procedures, and regulatory requirements.
• Stay informed about company policies, industry developments, and relevant laws.
• Identify and assess risks associated with capital projects, including cost overruns, schedule delays, and scope changes.
• Perform testing of controls to determine their adequacy and effectiveness in mitigating identified risks.
• Document audit findings, including deviations from established policies and procedures, and communicate results to relevant stakeholders.
• Collaborate with project managers and other stakeholders to develop remediation plans for identified control deficiencies.
• Monitor the implementation of remediation plans to ensure timely and effective resolution of audit findings.
• Provide guidance and support to project teams on internal control best practices and compliance requirements.
• Conduct various audit steps to assess accounting, financial, and operating controls.
• Coordinate with management, administrators, and external audit agencies.
• Mentor and train audit staff.
• Stay abreast of industry developments and regulatory changes relevant to capital project management and internal audit
• Prepare formal written reports with recommendations for improving operations and identifying cost-saving opportunities.

Qualifications:

• 15 + years of experience
• Bachelor's degree in Accounting, Finance, Business Administration, or a related field. Master's degree or professional certification (e.g., CPA, CIA) preferred.
• Relevant years of experience in internal audit, with a focus on capital projects or project management.
• Strong understanding of project management principles, methodologies, and best practices.
• Knowledge of internal control frameworks (e.g., COSO) and their application to capital project management.
• Excellent analytical and problem-solving skills, with the ability to identify risks and control deficiencies.
• Effective communication skills, both verbal and written, with the ability to present complex information clearly and concisely.
• Ability to work independently and collaboratively in a dynamic environment, managing multiple priorities and deadlines.
• Proficiency in audit software and Microsoft Office applications.

If interested please fill in the details below and revert with your updated CV (with a passport-size photo inserted in the resume) to priya@m3consultant.net