Senior Manager/AGM- Internal Audit
Job Description
Title: Senior Manager/AGM- Internal Audit
Company Name: Madina Group
Vacancy: 01
Job Location: Dhaka
Employment Status: Full-time
Educational Requirements:
∎ BBA (Hons), MBA (Accounts/ Finance) with CA (Inter) CA (CC)/ ICMAB (Inter)
∎ Skills Required: Financial Audit
Experience Requirements:
∎ At least 12 year(s)
∎ The applicants should have experience in the following area(s):
Audit, Finance, Internal Audit, Strategic Planning
∎ The applicants should have experience in the following business area(s):
Cement Industry, Plastic/ Polymer Industry, Real Estate, Shipping
Job Responsibilities:
∎ The incumbent of the post of Sr. Manager/ AGM -Internal Audit ensures that the work of the Internal Audit Department is carried out efficiently, expeditiously to set rules procedure and instructions and that audit programmes prescribed are followed.
∎ That routine work is carried out to set rules, procedures and instructions of Management issued from time to time;
∎ That Books of Accounts are properly maintained and results tabulated in the forms prescribed duly approved by the Committee;
∎ That men and materials of the Undertaking are used efficiently and economically;
∎ That financial proprieties are observed in all matters and overall expenditure incurred is within the budgetary provisions ;
∎ That various transactions, approvals and payments made are strictly in conformity with the rules governing them; and
∎ That generally all activities are carried out efficiently and economically.
∎ KEY PERFORMANCE INDICATORS (KPI)
∎ Adequacy of internal audit plan
∎ Level of execution/ achievement against internal audit plan
∎ Accuracy, timeliness, and completeness of reports
∎ Number and significance of issues/ inconsistencies and process improvement opportunities identified in business processes
∎ Frequency of incidences of control failure
∎ Adequacy and timeliness of follow-up on regulatory and statutory filings
∎ Magnitude of calculated losses due to fraud and other control failures.
∎ Number or frequency of queries
∎ Number of unresolved cases to identified issues
∎ Adequacy of document management.
∎ Spot Audit:
∎ The various department carry out routine work as per set rules, procedures and instructions issued by Management from time to time
∎ Visit to various depots, bus stations, chowkies of the Undertaking to ensure that.
∎ Men and materials of the Undertaking are used efficiently and economically;
∎ Generally all activities are carried out efficiently and economically.
∎ Investigations of matters of special or confidential nature arising out of complaints, reports, etc. entrusted by Management to the Senior Manager (Audit) are carried out carefully for necessary action;
∎ Special assignment such as study of the working of departments / sections as entrusted by Management are carried out promptly and reports on findings submitted for Management's decisions;
∎ Surprise visits to and checks at the various premises of the Undertaking are made during and outside normal duty hours to check
∎ Attendance;
∎ Utilization of men, materials and vehicles.
∎ Stock Verification:
∎ Annual Stock Verification of various Stores Materials including Stock Verification.
∎ Delivery of auctioned materials of Depot.
∎ Scrutiny of various proposals for purchase of furniture, tools and equipment's, other Dead Stock and Capital items.
∎ Scrutiny of proposals for scrapping of Capital / Dead Stock and other miscellaneous items.
∎ Verification of nonmoving and obsolete items at various Stores of Materials Management Department.
∎ Verification of proposals for Scrap Materials.
∎ Spot visit to Undertaking's various premises, Chowkies, etc.
∎ Other Misc. Verification
∎ Payment Audit:
∎ Advance bills in the names of Officers / Third parties, Bills.
∎ Refund of Security Deposit, Earnest Money Deposit, Outward Bill Deposit, Quarters Deposit Refund bills.
∎ Cleaning Contractor's bills, Servicing Contractor's bills.
∎ Lease payment bills.
∎ Electricity bills, Electricity Service charges.
∎ Final bills of Suppliers.
∎ Non-Refundable P.F. loan bills and Refundable P.F. loan bills.
∎ Salary wages bills.
∎ Miscellaneous bills
∎ Materials Management Audit:
∎ Verification of Committee notes.
∎ Verification of Purchase Orders
∎ Verification of Supplier's Bills
∎ Liquidation of advance payment, Journal Entries.
∎ Verification of Purchase proposals.
∎ Verification of various Misc. proposals such as extension in delivery period, cancellation of orders, variation in rate or other commercial conditions, etc
∎ ACCOUNTS AUDIT SECTION & INTEREST SUBSIDY:
∎ Checking of paid voucher with Payment day book
∎ Remittance files with Receipt Day Book.
∎ Checking of Income Tax deducted from Contractor's bill with Account Register.
∎ Dishonored cheque entries with Payment Day Book.
∎ Debenture interest arrant entries with Payment Day Book.
∎ Journal Entries with relevant supporting papers.
∎ Checking of Monthly abstract of Receipt and Expenditure.
∎ Taking entries in Register for Investment of withdrawal in respect of Deposit of Loan transaction.
∎ Checking of Bill Voucher of committee claimed by Bank transactions in respect of loan transaction.
∎ Checking of Draft Committee Notes.
∎ Checking of Appendices E1 to E13 and E25with Annexure i.e. Statement of Final Accounts.
∎ Physical check of P.F. and General Investment made by Cash Department.
∎ Investment proposals and regular short terms and long term investment bills
∎ Assessment Audit:
∎ To look after the assessment of the Undertaking's properties.
∎ Visit all Branch offices:
∎ To bring tax work reports;
∎ To identify properties;
∎ To bring all information necessary for assessment and miscellaneous.
∎ To attend hearing of Undertaking's complaints in case of dispute and to arrange for joint survey, etc.
∎ To lodge complaints with Assessor & collector in respect of Ratable Values.
∎ Deal with all miscellaneous work pertaining to property taxes.
∎ Revenue Audit:
∎ Proper receipts are passed by Head of the Department for every amount received.
∎ All earning collected by departments (except Traffic earnings) are forwarded to the Cash Department on the following day through remittance slips as required in term
∎ Entries in Deposit Registers maintained by the various departments are properly made.
∎ Outward bill Memos are initiated by Departments for recoveries to be made from the outside parties.
Additional Requirements:
∎ Age 35 to 50 years
∎ Both males and females are allowed to apply
Salary: Negotiable
Compensation & Other Benefits:
∎ T/A, Mobile bill, Tour allowance, Medical allowance
∎ Lunch Facilities: Partially Subsidize
∎ Salary Review: Half Yearly
∎ Festival Bonus: 2
∎ As per company policy
Job Source: Bdjobs.com Online Job Posting.
Application Deadline: 22 Aug 2021
Company Information:
∎ 31 Jul 2021
∎ Madina Group
∎ Address : Madina Square, 64/A, Shahid Buddhijibi Munir Chowdhury Sharak, Dhanmondi, Dhaka-1205
∎ Web : www.madina.co
∎ Business : Madina Group is one of the largest group of companies in Bangladesh . The company operates in the field of property development & construction sector, having build commercial, residential projects & developing projects for the Bangladesh government. The group also operates one of the largest fleet of vessels within the country & consist of companies that may provide end to end logistical support. The company also manufactures & trades building materials such as stone, cement, steel, & plastic products. The founder and Managing Director of the company Haji Md Selim is a 3rd time Parliamentary Member of the Republic of Bangladesh government.
Madina group is a decentralized, diversified group of industries with side spread activities across the country. It has its values, honesty, integrity, commitment to customers and the nation as a whole that Madina industries find very necessary for materializing the group’s objectives. Madina group also recognizes that maintaining the trust and confidence of employees, customers, and other people with whom it does business as well as the community in which it work are vital for its continued growth and success. Madina group has become a benchmark for competitors on the lines of quality by manufacturing premium quality products to give clients excellent services and true value for money with current 25 business concerns across the country.
Category: Accounting/Finance
: A human resource representative from the unit shall call you on cell phone number which has been mentioned by you, If you are fortunate enough to be shortlisted by recruitment board. Afterwards you'll informed of initial interview date, you are requested to bring a hard copy of your resume, dress in a orderly manor. Depending on your field of expertise, you are requested to bring your portfolio either in hard or soft copy form. The human resource department shall make the process as efficient and convenient as possible for you, we thank you for your cooperation.
Source: bdjobs.com
Deadline Expired on 22nd Aug 2021
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