Internal Auditor

Job Description

Job Description

Raya Trade; a subsidiary of Raya Holding for Financial Investments is looking to hire an Internal Auditor with the below responsibilities and qualifications.
– Visits and counts the company’s stocks of inventory (in Warehouses and Distribution offices in case of Distribution, or in Raya and Phono branches, in case of Retail) on a monthly basis, and compares with system quantities (Oracle and RMS in case of Retail)
– Determines problems and recommends corrective action for each of the findings; by reporting any differences found to the branch staff and supervisor
– Analyzes the causes of the lost revenue through investigating all kinds of discrepancies on the RMS system or Oracle
– Registers findings and results on the reporting system of the auditing department, so that the difference can be deducted from the responsible Sales Representatives’ salaries
– Carries responsibility for controlling inventory transfers between branches (in case of Retail)
– Carries responsibility for checking clients’ credit before selling any inventory (in case of Distribution)
– Carries responsibility for notifying the HR department -after identifying shortages in branches- to take proper action
– Carries responsibility for the Accounts Receivables monthly closing report verifying the correspondence of inventory on all systems used
– Carries responsibility for preparing annual reports after the end-of-year audit on all branches and warehouses to adjust mistakes on the RMS or analyze audit reports in coordination with the AR team
– Carries responsibility for the monthly auditing report to the AR for their monthly closing
– Checks Distribution clients’ credit validity (in case of Distribution)
– Performs other related duties