Internal Auditor

Examine and evaluate the adequacy, effectiveness and efficiency of the organisation’s internal control systems and procedures and recommend corrective actions to improve operations, enhance internal controls and reduce costs where possible.

RESPONSIBILITIES
Examine and evaluate the adequacy, effectiveness and efficiency of the organisation’s internal control systems and procedures and recommend corrective actions to improve operations, enhance internal controls and reduce costs where possible.

Internal Audit

• Draft the Internal Audit Charter of the organisation in line with the recognized acceptable standards.
• Develop risk–based annual audit plans detailing the scope, nature and timing of audit activities.
• Design internal audit procedures and work programs.
• Advise management on the resourcing requirements for the Internal Audit function, including any potential outsourcing arrangements.
• Conduct internal audits to assess the adequacy, effectiveness and efficiency of the established internal controls and procedures.
• Identify key areas of risk within the organisation and propose appropriate controls to mitigate the risks.
• Review the accuracy, timeliness and relevance of financial information and other disclosures provided to management.
• Discuss audit findings and recommendations with line managers and report significant issues to senior management.
• Prepare audit reports in line with the approved audit plan.
• Monitor the timely implementation of the management actions recommended in the audit reports.
• Provide senior management and the Board of Auditors with an opinion on the adequacy, effectiveness and efficiency of the internal controls in the organisation.
• Ensure IT risks are mitigated

Continuous improvement

• Assist the development of an internal control culture, including training to staff.
• Monitor the trends and developments in the internal audit area.
• Conduct ad-hoc investigations and reviews as requested by senior management or the Board of Auditors. • Participate in the Audit Committee meetings.
• Liaise with the external auditor on internal control issues.

Reporting

• Report on internal control issues and the implementation of the internal audit plan to senior management and the Audit Committee

Main interactions with other functions/ external entities

Frequent interaction with all personnel within the organization, senior management and the Board of Auditors.

EXPERIENCE

At least 3 years relevant work experience in an Internal Audit or internal control function in a commercial environment or professional accounting firm including exposure to:-

• Manufacturing and distribution operations and related activities;
• Financial administration and expenses .

OTHER REQUIREMENTS

KEY SKILL SET

• Expertise in the functioning of an international financial institution or financial services institution
• Expertise in internal audit, risk and control functions • Excellent communications and presentation skills

PREFERRED PERSONAL ATTRIBUTES

• Integrity
• Personal organization and planning skills
• Capable of a rigorous analytical approach and result oriented
• Perseverance in the analysis of issues
• Flexible and stress resistant
• Ability to organize and prioritize
• Ability to place details in a wider context
• Ability to explain findings and to convince the organisation to implement audit recommendations.

FORMAL QUALIFICATIONS:

• Honours degree in Finance, Accounting or Business Administration
• Internationally recognised accounting or auditing certification, such as CPA, CIA etc. (desirable)
• Internal audit, COSO, internal controls, compliance and risk management
• Audit techniques (work programs, tests, sampling. documentation, reports)
• IT MS Office (Word, PowerPoint, advanced Excel)