Job Description

A vibrant life insurance company is seeking professionals to apply for a key role of Head, Internal Audit. 

• Department: Internal Audit
• Location: Head Office 
• Immediate Supervisor: Chief Executive Officer
• Positions directly supervised:  Audit Supervisor, Audit Officers

• Lead assigned audits/special reviews.
• Identify   and   allocate   tasks, ‘coordinate/monitor    work, control   audit/assignment resources, consolidate results, etc.
• Prepare/participate    in the   preparation   of   risk-based   audit   plans/programmes     in accordance with lIA’s standards.
• Plan/program assignments in accordance with IIA standards.
• Supervise   and coach staff throughout   the audit/review   with the view to ensuring conformity with lIA's standards in all phases of the audit process.
• Empower and challenge more junior staff to actively participate in the management of the audit/review.
• Document, evaluate and test systems and controls to determine their adequacy and effectiveness, ensuring 
  • compliance     with    policies     and     procedures
  • accomplishment of   management's   objectives 
  • reliability   and integrity of information
  • economical use of resources
  • safeguarding of assets
• Prepare working papers for review by the Audit Committee or an External Consultant.
• Review working   papers   prepared   by assisting auditors or direct reports for   subsequent   review by Senior Management.
• Develop and discuss findings, recommendations and time lines for corrective action with responsible officer of operations audited, and monitor the implementation status 
• Draft audit/assignment reports for company-wide consumption, including   senior management and the Audit Committee.
• Prepare presentations, using available technology tools (e.g., PowerPoint).
• Make   presentations of audit results and reports to senior management of and the board audit committee.
• Monitor the status of audit recommendations.
• Appraise adequacy of follow-up action taken by management on audit findings and recommendations.
• Maintain and update audit programs.
• Identify training needs with respect to auditing approaches and techniques.
• Take initiative in Identifying appropriate audit tools, best practices, and identify / perform tasks aimed at ensuring that the audit/assignments are conducted in accordance with lIA’s standards.
• Perform other related duties as determined by the management and the Board Audit Committee.

KEY PERFORMANCE INDICATORS

• Timeliness and accuracy of all types of reports presented to Management
• Liaise with Executive management to ensure audit recommendations are carried out and the necessary changes are made.
• Frequency and timeliness of reports submitted to Audit Committee

Required Skills or Experience

KEY COMPETENCIES

• Ability to lead people and manage change
• Demonstrate high sense of trust and integrity
• Result oriented & Decision maker
• Possess audit working methods and measurement
• Report writing & communication skills
• Computer literacy
• Ability to maintain confidentiality at all times
• Ability to interact with Management and all levels of employees

KEY QUALIFICATIONS

• A minimum of a first degree in Accounting from a recognized tertiary institution
• Professional qualification in Accountancy will be preferred
• 10 – 12 years post national service experience