Job Summary
The Internal Audit Specialist supports the execution of the Aboitiz InfraCapital, Inc.s risk-based internal audit function by performing financial, operational, compliance, and governance audits across the Group's business units, subsidiaries, joint ventures, and affiliates.
The role is responsible for evaluating the adequacy and effectiveness of governance, risk management, and internal control processes, identifying opportunities for operational improvement, and providing practical recommendations that strengthen business performance while safeguarding organizational assets.
The position works closely with process owners and management to promote a strong culture of accountability, compliance, and continuous improvement.
Key Responsibilities
1. Audit Planning
- Assist in developing and maintaining the annual risk-based Internal Audit Plan.
- Identify and assess auditable entities, business processes, projects, and information systems using recognized risk assessment methodologies.
- Participate in enterprise-wide risk assessments and prioritize audit engagements based on organizational risks.
2. Internal Control Evaluation and Risk Assessment
- Develop a thorough understanding of assigned business processes and operations.
- Evaluate the design and operating effectiveness of internal controls using the COSO Internal Control Framework.
- Identify control deficiencies, process inefficiencies, and emerging business risks.
- Assess the adequacy of risk mitigation activities and recommend practical control improvements.
3. Financial, Operational, and Compliance Audits
- Perform audit engagements covering financial reporting, operations, regulatory compliance, projects, procurement, information systems, and other business activities.
- Conduct process walkthroughs, interviews, data analysis, and substantive testing.
- Prepare complete and well-supported audit working papers in accordance with the Institute of Internal Auditors International Professional Practices Framework (IPPF).
- Evaluate compliance with company policies, contractual obligations, applicable laws, and regulatory requirements.
4. Audit Reporting and Follow-up
- Prepare clear, concise, and well-supported audit reports and executive summaries.
- Present audit observations, root causes, risks, and practical recommendations to management.
- Monitor the implementation of agreed corrective actions and validate the effectiveness of remediation efforts.
- Maintain accurate tracking of outstanding audit issues until closure.
5. Administrative and Professional Responsibilities
- Maintain complete, organized, and timely audit documentation.
- Prepare audit status reports, timesheets, and other administrative requirements.
- Comply with the Company's Code of Conduct, Internal Audit Charter, and departmental policies.
- Continuously develop professional knowledge through training, certifications, and self-learning.
- Share knowledge and best practices with fellow team members.
- Participate actively in departmental and company initiatives.
6. Other Responsibilities
Perform other duties and special projects as may be assigned by the Internal Audit Manager or Head of Internal Audit.
Qualifications
- Bachelor's Degree in Accounting, Finance, Internal Audit or equivalent
- Minimum of three (3) years of experience in Internal Audit, External Audit, Risk Management, Compliance, or related assurance functions.
- Experience in auditing infrastructure, utilities, construction, manufacturing, or project-based industries is an advantage.
- Experience in SAP or data analytics tools is preferred.
- Preferably CPA and/or Certified Internal Auditor, Other certifications such as CISA, CRMA, CMA, or relevant risk management certifications are considered an advantage.
