Group Internal Auditor
Rutherford Cross
Published
February 6, 2018
Location
Glasgow, United Kingdom
Job Type
Region
Scotland & UK
Sector
Industry and Commerce
Specialism
Internal Audit, Risk and Compliance

Description

Weir Group is a highly regarded FTSE 250, Glasgow headquartered engineering business with a global footprint spanning over 70 countries. The company employs more than 14,000 people and is organised into three sector focused divisions:  Minerals, Oil & Gas and Flow Control.

With an auspicious history in Glasgow industry the company has in recent year’s undergone significant growth both operationally and in terms of its geographical footprint. In 2016, the Group reported revenue of £1.8bn and profit before tax of £170m. These are highly impressive results, especially during an extended period of general economic uncertainty, with Weir well placed to benefit as markets continue to recover. Weir represents a true global success story headquartered in Scotland.

Certainly, Weir Group represents a true global success story headquartered in Scotland.  The Glasgow city centre purpose built headquarters comprises the Board of Directors, Group Heads of Tax, Treasury, Internal Audit, Company Secretary/Legal, Procurement, IS, IR, Strategy and Business Development, HR and Finance.

The Opportunity:

An opportunity has arisen for an ambitious individual to join the business in the role of Group Internal Auditor.  The Internal Audit function is a value add, globally mobile part of the group structure. The team currently consists of 4 members of staff based from Head office in Glasgow.  The team is supported by ad-hoc local resource and the use of specialist outsourced providers as required.

The overriding focus within this role will be the assessment and improvement of the risk and controls framework affecting all of the companies within a PLC group structure; being a diverse global business this will require significant international travel exposing the role holder to a wealth of different cultures, operating units and senior figures within the business.

The role of Group Internal Auditor has come about due to a review of the needs and requirements of the internal audit function going forward. The role presents an excellent opportunity for a first class, qualified individual to join a highly visible division of an impressive multinational, with the opportunity to help shape the future direction of the Internal Audit function.

 

An overview of core responsibilities includes:

  • Proactive planning of audit reviews to maximise value and ensuring there is appropriate risk-based focus
  • Assessment of key risks, and the controls in place to mitigate those risks, within the companies under review
  • Developing audit processes and work programmes
  • Undertaking internal audit reviews based on the annual Internal Audit Plan, reviewing business processes within operating companies and recommending efficiency improvements
  • Preparation of findings for reports detailing business risks, commenting on the efficiency and effectiveness of financial and commercial controls; and making practical recommendations to address the gaps and weaknesses identified
  • Advising companies on financial and operational control issues as and when required
  • Reviewing post capital expenditure appraisal assessments prepared by the operating companies and preparing summary reports for the Group Executive and Board
  • Post contract appraisals and assessing adherence to agreed commercial terms in conjunction with the Group Legal department
  • Supporting the Group Internal Audit Manager and Head of Internal Audit to undertake ad hoc projects as and when required, including the investigation of whistle-blowing allegations

The Candidate:

This role would be ideally suited to a high energy, qualified CA/ACCA/IIA/CIA with 1-2 years’ post qualifying experience. It is likely that the individual will be working in internal or external audit and experience of partnering with manufacturing/engineering companies would be a distinct advantage. Knowledge of a second language would also be beneficial (although not mandatory) and the ability/desire to travel internationally is essential to this role. However, it should be noted that Weir is a very supportive employer and typically travel is planned many months in advance.

Minimum Requirements:

  • Graduate, qualified CA/ACCA/IIA/CIA (1-2 years post qualifying experience)
  • Strong technical auditing skills developed either in external or internal audit
  • Ideally, awareness of best practice approaches to risk management and internal controls
  • Strong IT skills (ERP system experience an advantage)
  • Previous manufacturing/engineering experience (from audit or industry) desirable but not essential
  • Additional languages to English (especially Spanish, French or Chinese) would be highly regarded but are not essential
  • Willing and able to travel globally (around 50%)

Key Personal Attributes

  • High level of accuracy and attention to detail
  • Excellent analytical and problem-solving skills combined with business acumen, pragmatism and a good sense of diplomacy
  • Proven ability to build relationships at all levels
  • Highly developed interpersonal and communication skills
  • A strong team player, with a desire to make a significant contribution to the Internal Audit Department

Remuneration:

Basic salary of £Competitive (depending on experience) with an annual bonus of up to 30% and additional benefits such as pension and private health care etc.

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