Manager (Internal Audit) at Punjab Municipal Development Fund Company (PMDFC)

Job Description

Punjab Municipal Development Fund Company (PMDFC) is a Punjab Government organization focused on improving municipal services across the province. To maintain transparency and financial discipline, PMDFC is hiring a Manager (Internal Audit) on a contract basis.

This role is crucial for ensuring compliance with financial regulations, internal controls, and best auditing practices.

If you have expertise in auditing, accounting standards, and internal controls, this opportunity in Lahore could be an excellent fit.

Job Details

Position: Manager (Internal Audit)

Company: Punjab Municipal Development Fund Company (PMDFC)

Industry: Punjab Government

Job Type: Contract

Number of Vacancies: 1

Gender: Both male and female candidates can apply

Age Limit: Maximum 45 years

Location: Lahore, Punjab, Pakistan

Experience Required: 5 years in the relevant field

Preferred Qualification

1. CA Inter, ACCA, or Certified Internal Auditor (CIA)

2. Familiarity with World Bank procurement procedures will be an added advantage

Required Skills

1. Understanding of the Companies Ordinance 1984

2. Knowledge of International Standards of Auditing (ISA) and International Accounting Standards (IAS)

3. Understanding of Securities and Exchange Commission of Pakistan (SECP) rules and reporting requirements

4. Knowledge of internal, management, and statutory audits

5. Strong analytical abilities

6. Ability to design and implement internal controls, standard operating procedures (SOPs), and an internal audit manual

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Role of Internal Audit in an Organization

Internal auditing plays a significant role in ensuring that an organization operates smoothly and complies with financial regulations. The Manager (Internal Audit) is responsible for evaluating and improving the company’s risk management, control, and governance processes.

Key Responsibilities of a Manager (Internal Audit)

1. Conducting financial and operational audits to ensure compliance with policies and regulations.

2. Identifying risks and recommending solutions to improve internal controls.

3. Ensuring that financial reports meet the International Accounting Standards (IAS) and International Standards of Auditing (ISA).

4. Monitoring compliance with the Companies Ordinance 1984 and SECP regulations.

5. Assessing fraud risks and ensuring the organization’s financial integrity.

6. Designing and implementing audit procedures for risk assessment and mitigation.

Why Join PMDFC as a Manager (Internal Audit)?

Government-Supported Career Stability

PMDFC operates under the Punjab Government, providing a stable and secure work environment with opportunities for career growth.

Opportunity to Work in Public Sector Finance

This role allows professionals to gain experience in government finance, municipal development projects, and World Bank-funded initiatives.

Skill Development & Professional Growth

Working in internal audit improves expertise in financial controls, auditing procedures, and risk assessment, opening doors to senior positions in finance and accounting.

How Can You Contribute to PMDFC?

1. By ensuring financial transparency and accountability within the company.

2. By implementing effective internal audit procedures that align with international standards.

3. By identifying and mitigating financial risks that may affect municipal development projects.

4. By enhancing compliance with government and international financial regulations.

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