Job Title: Senior Internal Auditor
Department: Internal Audit
Location: Gateway Business Park
Employment Status / Type: Permanent
Position Reporting to: HOD Internal Audit
Job Purpose / Summary: Plan and execute Internal Audit assignments, individually or as the team leader in an audit team and report to management and the Audit and Finance Committee in line with the directions of the AFC, the HOD Internal Audit and in compliance with the international standards for the professional practice of internal auditing (IPPF)
- To carry out continuous risk assessment and work with management to ensure a system is in place which ensures that all major risks of the group are identified and analyzed, on an annual basis to provide input for the audit plan.
- To plan, organize and carry out internal audit functions including the preparation of an audit plan which fulfils the responsibility of the department, scheduling and assigning work and estimating resource needs for identified audit assignments.
- To prepare reports to both the audit committee and management on the policies, programmes and activities of the department.
- To conduct snap checks on key high risk areas on regular basis.
- To make recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management’s response and implementation
- To review and report on the accuracy, timeliness and relevance of the financial and other information that is provided for management decision making
- To work with management to ensure a system is in place which ensure that all major risks of the group are identified and analyzed, on an annual basis
- To follow up on the implementation of audit findings, both from internal audits, ad hoc reviews, and external audit reviews.
- To conduct any reviews or tasks requested by the AFC, GCFO, GCEO, provided such reviews and tasks do not compromise the independence or objectivity of the internal audit function
- To carry out fraud investigations to the required standards and provide actionable recommendations to AFC, HR or law enforcement as the case may require.
- To coordinate coverage with the external auditors and ensure that each party is not only aware of the other’s work but also well briefed on areas of concern.
- To review management letters and follow up issues of concern either directly with management or through future internal audits.
- To manage and oversee the audit teams performance through performance planning, coaching and performance appraisals for junior audit team members after every audit assignment.
- Any other reasonable duty as may be assigned that is consistent with the nature of the job and its level of responsibility.
Key Performance Indicators:
- Achievements against the audit plan as approved by the AFC.
- Demonstrable efficiencies and cost savings directly related to completed IA activities.
- Customer (Auditees) satisfaction with the internal audit engagements.
- Number of audit assignments completed (versus number planned)
- Percentage Staff utilization (direct v indirect or audit and non-audit)
- Percentage of recommendations accepted
- Percentage of actions fully implemented
- Number of repeat audit findings
- Amount of direct savings potential as a result of audits
- Amount of measurable savings achieved as a direct result of audits
- Number of major process improvements implemented as a result of audits
- Ability to translate the group’s corporate strategy into a departmental business plan and operationalize the same.
- Ability to provide leadership that motivates staff to maximize their productivity and retention in the internal Audit department.
- Ability to present, communicate and implement essential changes
- Thorough knowledge of the principles, procedures and practices of accounting and financial records and transaction.
- A knowledge of audit procedures, including planning, techniques, test and sampling methods involved in conducting audits
- A knowledge of computerized accounting and auditing record keeping systems
- An ability to gather, analyze and evaluate facts and to prepare and present concise oral and written reports
- An ability to maintain current knowledge of developments related to business matters of interest to internal audit, particularly legislation changes and developments as they affect the group, and new auditing techniques and practices
- An ability to establish and retain effective working relationships with other groups staff and to communicate clearly and effectively, both orally and in writing
- An ability to work unsupervised.
- High integrity and confidentiality
- Financial and Management Accounting;