Job Overview
Responsible for performing audits to ensure the operations, financials, and inventory processes are compliant, accurate and efficient. This role involves assessing financial records, monitoring compliance with industry standards, and safeguarding the shop’s valuable assets, including jewellery and pawned items. The Audit Executive will play a vital role in identifying risks, preventing fraud, and ensuring adherence to company policies and regulatory requirements.
Audit Planning & Execution
- Assist in the development of the annual audit plan based on the company's risk profile.
- Conduct audits of financial, operational, and compliance processes to assess effectiveness, accuracy, and compliance with regulations and policies.
- Prepare audit programs, outlining objectives, scope, and methodology for each audit assignment.
- Ensure that all transactions comply with anti-money laundering (AML) and ‘know your customer (KYC) policies.
Risk Assessment & Control Evaluation
- Identify and assess risks related to business processes and recommend improvements in internal controls.
- Evaluate the adequacy and effectiveness of internal control systems in safeguarding assets and ensuring financial integrity.
- Perform risk assessments and identify areas of potential risk within the organization.
- Identify operational and financial risk associated with pawn loans, jewellery inventory, and high value transactions.
Audit Reporting
- Document audit findings and observations in a clear, concise, and accurate manner.
- Prepare detailed audit reports and provide recommendations for corrective action and process improvements.
- Present findings to management and ensure follow-up on corrective actions.
Compliance Monitoring
- Ensure compliance with company policies, procedures, and applicable laws and regulations.
- Evaluate the organization’s adherence to regulatory requirements and industry standards.
- Assist in ensuring compliance with relevant tax laws, financial reporting standards, and corporate governance regulations.
Internal Process Reviews
- Conduct reviews of internal business processes to evaluate efficiency and effectiveness.
- Provide insights and recommendations to enhance operational efficiency and reduce waste.
- Collaborate with various departments to identify opportunities for process improvement.
Fraud Detection & Prevention
- Assist in detecting fraud or irregularities by conducting forensic investigations when necessary.
- Evaluate existing fraud prevention controls and recommend enhancements.
- Investigate any discrepancies or anomalies identified during audits.
Continuous Improvement
- Stay updated with new audit practices, accounting standards, and industry trends.
- Proactively identify areas where internal processes can be strengthened and suggest improvements.
- Assist in training and educating staff on audit-related matters and risk management practices.
Coordination with External Auditors
- Coordinate with external auditors during financial and regulatory audits.
- Provide necessary documentation and reports to facilitate smooth audit processes.
- Ensure that external audit findings are addressed and resolved promptly.
Qualifications:
- Diploma or Degree in Accounting, Finance, Business Administration or related field
- Experience (optional) At least 2-3 years in jewelry and pawnshop or lending institution or under retail sector is an advantage
- Posses own transport
- Fresh graduates are welcome to apply
- Good communication skills and report writing skills
Job Types: Full-time, Permanent, Fresh graduate
Pay: RM3,500.00 - RM4,000.00 per month
Benefits:
- Additional leave
- Maternity leave
Schedule:
- Monday to Friday
