Group Internal Auditor- The Weir Group
Rutherford Cross
Published
February 21, 2017
Category
Default  
Job Type
Region
Scotland & UK
Sector
Industry and Commerce
Specialism
Audit and Assurance

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 2015, the Group reported profits before tax, exceptional items and intangibles amortisation, of £220m against revenue of £1.9bn. These are impressive results, particularly during an extended period of general economic uncertainty, and unprecedented downturn in minerals and oil markets more specifically.

 

Certainly, Weir Group represents a true global success story headquartered in Scotland.  The new 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 3 members of staff based from Head office in Glasgow being the Head of Internal Audit, Senior Group Internal Auditor and Group Internal Auditor.  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 positive restructure within the function and the appointment of a new Group Internal Audit Manager.  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 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 Chartered Accountant with 1-2 years’ post qualifying experience who has trained with a “Big 4” accounting firm.  It is likely that the individual will be working in external audit and experience of partnering with manufacturing/engineering companies would be a distinct advantage. Knowledge of a second language, and some exposure to internal audit and/or controls work would also be beneficial (although not mandatory). 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 accountant (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 £45,000- £52,000 (depending on experience) with an annual bonus of up to 30% and additional benefits such as pension and private health care etc.

 

What to do next:

To apply, for a confidential discussion, please contact our advisor John Ramsay at Rutherford Cross at [email protected] or 0141 6117770

Please note that all third party or direct applications will be forwarded to Rutherford Cross for inclusion in the assessment process.

 

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