Head of Internal Audit and Appraisal

JOB DESCRIPTION
Position: Head of Internal Audit & Appraisal
Department: Internal Audit & Appraisal Department
Reports to: Board of Directors
Direct Reports: 2 staff members

1. JOB PURPOSE

Ensure transparency, regulatory compliance, financial and technical efficiency throughout the implementation of infrastructure construction projects.

Manage risks, detect violations, support process improvements, and enhance investment effectiveness.

2. KEY RESPONSIBILITIES

Planning

Develop annual/quarterly/monthly internal audit and appraisal plans.

Pre-bidding Audit

Review tender documents, contractor selection criteria, cost estimates, and preliminary designs.

During Bidding Audit

Verify bid opening process, evaluate bidding documents, and assess contractors’ capabilities.

Post-bidding Audit

Inspect contracts, acceptance records, construction payment documents, and additional costs.

Document Appraisal

Appraise designs, cost estimates, construction volumes, contract values, and legal terms.

Compliance Audit

Assess compliance with laws, internal procedures, and technical standards.

Financial Audit

Review investment costs, cash flow, and project financial efficiency.

Reporting & Recommendations

Present audit/appraisal results to the Board of Directors and propose process improvements.

Team Management

Assign tasks, train, and supervise auditors and appraisers.

Internal Coordination

Collaborate with related departments to ensure consistency and effective control.

3. REPORTING REQUIREMENTS

Periodic Reports

Consolidate audit and appraisal results monthly/quarterly/annually.

Project-specific Reports

For each project or stage (pre-, during, post-bidding).

Ad-hoc Reports

In cases of significant violations or major risks.

Report Format

Official written reports with annexes, submitted via the internal system or in-person meetings.

KPI Reports

Summarize KPI results monthly/quarterly/annually.

4. AUTHORITIES

Professional Management

Develop and adjust internal audit and appraisal plans.

Approve audit methods and appraisal criteria.

Human Resources Management

Assign tasks, evaluate staff performance, and propose recruitment, training, rewards, or disciplinary actions.

Access to Information

Request relevant documents from departments related to projects, finance, and legal matters.

Access internal management systems for audit/appraisal purposes.

Reporting & Proposals

Submit audit/appraisal reports to the Board of Directors.

Recommend handling of violations, process improvements, and investment adjustments.

Risk Handling

Propose suspension, re-inspection, or adjustments to high-risk items.

Recommend ad-hoc audits or additional appraisals if necessary.

Internal Approvals

Approve preliminary audit reports and staff work plans.

Confirm completion of audits/appraisals in line with procedures.

Participation & Review

Attend Board meetings related to investment, construction, and finance.

Provide critical feedback on proposals from other departments when risks are identified.

5. QUALIFICATIONS & REQUIREMENTS

Education

Bachelor’s degree or higher in Auditing, Finance, Construction Economics, or Civil Engineering.

Professional Certifications

Preferably CIA (Certified Internal Auditor), valuation certification, or construction practice license.

Experience

Minimum 5 years in auditing and/or appraisal in the construction sector.

Experience across all three stages: pre-bidding, during bidding, and post-bidding.

Skills

Strong analytical, reporting, communication, problem-solving, and critical-thinking skills.

Proficiency in Excel, project management software, and audit/appraisal tools.

English Proficiency

Able to read and understand technical documents in English.

Preferred: communication and report-writing ability in English (TOEIC ≥ 650 or IELTS ≥ 5.5).